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HDFC debit card and credit card offers cashback through CashPoints or CashBack Points, which you can later redeem against cashback or any other category as per your requirements. Below mentioned are the details regarding the cashback offered on these cards:
| HDFC Millennia Debit Card | HDFC Millennia Credit Card |
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Suggested read: Strategies to Optimize Credit Card Reward Points
Illustration: Suppose you have made the below-mentioned transactions:
Amazon: Rs. 5,000 | Myntra: Rs. 5,000 | Swiggy: Rs. 2,000 Wallet Reload: Rs. 5,000 | Offline Shopping: Rs. 10,000
Considering that you will redeem the earned reward points against cashback at a value of 1 CashPoint/ CashBack Point = Re. 1.
How much you will save via debit card?
Total Savings: Rs. 125 (2.5% CashBack Points of Rs. 5,000) + Rs. 125 (2.5% CashBack Points of Rs. 5,000) + Rs. 50 (2.5% CashBack Points of Rs. 2,000) | Rs. 50 (1% CashBack Points of Rs. 5,000) + Rs. 100 (1% CashBack Points of Rs. 10,000) = Rs. 450
How much you will save via credit card?
Total Savings: Rs. 250 (5% CashBack Points of Rs. 5,000) + Rs. 250 (5% CashBack Points of Rs. 5,000) + Rs. 100 (5% CashBack Points of Rs. 2,000) | Rs. 50 (1% CashBack Points of Rs. 5,000) + Rs. 100 (1% CashBack Points of Rs. 10,000) = Rs. 750
Which one to choose?
From the above illustration, it is clear that HDFC Millennia Credit Card allows you to save more on your expenses. However, this is applicable only if you frequently shop online because both cards offer similar cashback on offline transactions. With the Millennia Credit Card, you can earn up to 5% CashPoints on your transactions, whereas the debit card rewards you with 2.5% CashBack Points on your online transactions. So, if you use your credit card for most of the online transactions or on brands like Amazon, Swiggy, BookMyShow, Flipkart, etc., HDFC Millennia Credit Card would be the right choice for you.
Suggested read: Best Credit Cards for Reward Points in India
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