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Axis Bank Cashback Credit Card VS HDFC Bank Millennia Credit Card

A detailed, side-by-side look at 2 leading credit cards. Analyze the features that matter most to you and make an informed choice.
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Last updated: 17 July 2026

Both Axis Bank Cashback Credit Card and HDFC Bank Millennia Credit Card suit shopping-focused spenders, but they earn and cost differently. Axis Bank Cashback Credit Card costs ₹1,000 + GST and earns up to 7% cashback on online spends; unlimited 0.75% on offline & travel; 0.5% on utilities. HDFC Bank Millennia Credit Card costs ₹1,000 + GST and earns 5% cashback on select online merchants & 1% on other eligible online/offline spends. Axis Bank Cashback Credit Card also brings enjoy 5,000 EDGE Reward Points worth ₹1,000 upon making the first transaction within 30 days, while HDFC Bank Millennia Credit Card counters with complimentary airport lounge access voucher upon achieving quarterly spend milestones. If travel spending matters more, go with Axis Bank Cashback Credit Card; if dining is the priority, HDFC Bank Millennia Credit Card fits better.

Axis Bank Cashback Credit Card
Axis Bank Cashback Credit Card
HDFC Bank Millennia Credit Card
HDFC Bank Millennia Credit Card

Fees & Charges

Joining Fee₹1,000 + GST
Joining Fee₹1,000 + GST
Renewal Fee₹1,000 + GST
Renewal Fee₹1,000 + GST
Spend Based WaiverAnnual fee waiver on spends of ₹4,00,000 and above in an anniversary year.
Spend Based WaiverRenewal fee waived on spending ₹1,00,000 or more in the preceding 12 months.
Foreign Transaction Fees3.50% of the transaction value
Foreign Transaction Fees3.5% + GST on international spends.
Interest Rate (APR)3.75% per month (55.55% Annual)
Interest Rate (APR)3.75% per month (45% annually).

Rewards & Benefits

Welcome BonusEnjoy 5,000 EDGE Reward Points worth ₹1,000 upon making the first transaction within 30 days.
Welcome BonusReceive 1,000 bonus CashPoints upon successful realization of the joining fee.
Rewards RateUp to 7% cashback on online spends; unlimited 0.75% on offline & travel; 0.5% on utilities.
Rewards RateEarn 5% cashback on select online merchants & 1% on other eligible online/offline spends.
Reward TypeCashback
Reward TypeCashback
Reward Redemption Fee
Reward Redemption Fee₹50 + GST for cash redemption, ₹99 + GST for other requests (effective Aug 2024).

Travel & Lifestyle

Domestic Lounge Access
Domestic Lounge AccessComplimentary airport lounge access voucher upon achieving quarterly spend milestones.
International Lounge Access
International Lounge AccessNot Applicable
Travel BenefitsUnlimited 0.75% cashback on travel-related spends.
Travel BenefitsRedeem CashPoints for up to 50% of flight & hotel bookings via SmartBuy Rewards Portal.
Movie Benefits
Movie Benefits5% cashback on BookMyShow and Sony LIV, capped at 1,000 CashPoints per cycle.
Dining BenefitsInstant discount of 25% up to ₹800 on EazyDiner once every month.
Dining Benefits10% additional discount on Swiggy Dineout, flat ₹200 off (min ₹2000), twice monthly.
Golf Benefits
Golf BenefitsNot Applicable
Fuel Surcharge Waiver1% of transaction amount (refund not applicable). No fuel surcharge waiver.
Fuel Surcharge Waiver1% waiver for transactions ₹400-₹5,000, max ₹250 per statement cycle.

Security & Other

Insurance Benefits
Insurance BenefitsZero liability on fraudulent transactions if lost card is reported immediately.
Cash Advance Charges2.5% of the cash amount (Minimum ₹500)
Cash Advance Charges2.5% of transaction amount, minimum fee of ₹500.
Apply Now(opens in new tab)
Apply Now(opens in new tab)
Best valueHigher costHighlights apply to Joining Fee and Renewal Fee only.

Axis Bank Cashback Credit Card

HDFC Bank Millennia Credit Card

Who is it for?

The Axis Bank Cashback Credit Card is a mid-range offering designed for individuals who prioritize straightforward cashback benefits, especially on online and everyday spending. It provides up to 7% cashback on online transactions and an unlimited 0.75% on offline and travel expenditures. With automatic cashback redemption and flexible eligibility, it's a hassle-free option for savvy shoppers looking to maximize savings.

Who is it for?

The HDFC Bank Millennia Credit Card is an entry-level cashback card primarily designed for young professionals and millennials. It offers a significant 5% cashback on popular online merchants and 1% on other eligible spends. Users can enjoy attractive gift vouchers for achieving quarterly spend milestones and a renewal fee waiver based on annual spending. This card is positioned to help users save on lifestyle expenses and build a strong credit profile through versatile reward redemptions.

Pros

Key benefits and features.

Offers unlimited 0.75% cashback on all offline and travel spending.

Provides high cashback rates of up to 7% on online purchases.

Flexible eligibility criteria make this card accessible to many applicants.

Automatic cashback redemption process simplifies rewards management.

Pros

Key benefits and features.

High 5% cashback on popular partner merchants including Myntra, Amazon.

Renewal fee waiver on spending ₹1 Lakh in the card anniversary year.

Provides substantial savings for digital-savvy consumers on daily spends.

Cons

Key drawbacks and limitations.

The card does not offer a fuel surcharge waiver.

The spend threshold for the annual fee waiver is set quite high at ₹4 lakh.

Lacks premium features like complimentary airport lounge access or golf benefits.

Various transaction fees apply for rent, wallet load, fuel, education, and utilities.

Cons

Key drawbacks and limitations.

Earns a lower 1% cashback on offline/online spends at non-partner merchants.

Accelerated 5% cashback is capped at 1,000 CashPoints per statement cycle.

A minimum of 500 CashPoints are required to redeem against statement balance.

How We Compare These Cards

Every comparison on CardsForYou is built from the same verified data set we use across the site - joining and renewal fees, reward rates, forex markup, lounge access, and insurance benefits - sourced directly from each issuer and refreshed regularly. We highlight the lower-cost option on fees automatically, but "best" always depends on your own spending pattern: a card that wins on annual fee may lose on reward rate for a heavy spender, and vice versa. Use the table above alongside your own typical monthly spend to judge real value, not just the headline numbers.

Ready to Choose?

Based on your comparison, select the credit card that best matches your spending habits and financial goals.
Apply for Axis Bank Cashback Credit Card(opens in new tab)Apply for HDFC Bank Millennia Credit Card(opens in new tab)