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Axis Bank Neo 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 Neo Credit Card and HDFC Bank Millennia Credit Card suit shopping-focused spenders, but they earn and cost differently. Axis Bank Neo Credit Card costs ₹250 + GST and earns 1 EDGE REWARD Point for every ₹200 spent on all eligible transactions (Reward Rate 0.10%). 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 Neo Credit Card also brings 100% cashback up to ₹300 on the first utility bill payment made on Paytm within 30 days of card setup, while HDFC Bank Millennia Credit Card counters with complimentary airport lounge access voucher upon achieving quarterly spend milestones. Weigh the fee against the reward rate above to see which fits your spending pattern better.

Axis Bank Neo Credit Card
Axis Bank Neo Credit Card
HDFC Bank Millennia Credit Card
HDFC Bank Millennia Credit Card

Fees & Charges

Joining Fee₹250 + GST
Joining Fee₹1,000 + GST
Renewal Fee₹250 + GST
Renewal Fee₹1,000 + GST
Spend Based Waiver
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% per annum)
Interest Rate (APR)3.75% per month (45% annually).

Rewards & Benefits

Welcome Bonus100% cashback up to ₹300 on the first utility bill payment made on Paytm within 30 days of card setup.
Welcome BonusReceive 1,000 bonus CashPoints upon successful realization of the joining fee.
Rewards RateEarn 1 EDGE REWARD Point for every ₹200 spent on all eligible transactions (Reward Rate 0.10%).
Rewards RateEarn 5% cashback on select online merchants & 1% on other eligible online/offline spends.
Reward TypeReward Points
Reward TypeCashback
Reward Redemption Fee₹99 + GST
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 BenefitsUp to 7% off on flights & 18% off on hotels via Cleartrip; up to 15% off on MakeMyTrip.
Travel BenefitsRedeem CashPoints for up to 50% of flight & hotel bookings via SmartBuy Rewards Portal.
Movie BenefitsAvail 10% off on movie ticket bookings via BookMyShow, with a maximum discount of ₹100 per month.
Movie Benefits5% cashback on BookMyShow and Sony LIV, capped at 1,000 CashPoints per cycle.
Dining BenefitsGet ₹120 off on Zomato orders twice monthly & 15% discount at select partner restaurants.
Dining Benefits10% additional discount on Swiggy Dineout, flat ₹200 off (min ₹2000), twice monthly.
Golf Benefits
Golf BenefitsNot Applicable
Fuel Surcharge Waiver1% fuel surcharge waiver at all petrol pumps across India on transactions between ₹400 – ₹4,000, capped at ₹400 per month.
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 withdrawn amount, subject to a minimum of ₹500.
Cash Advance Charges2.5% of transaction amount, minimum fee of ₹500.
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Best valueHigher costHighlights apply to Joining Fee and Renewal Fee only.

Axis Bank Neo Credit Card

HDFC Bank Millennia Credit Card

Who is it for?

The Axis Bank Neo Credit Card is an entry-level credit card from Axis Bank, designed for individuals looking to build their credit history while enjoying savings on everyday online spending. It stands out with its focus on providing discounts across popular brands like BookMyShow, Blinkit, Zomato, and Paytm, along with rotating monthly offers. Additionally, it offers a 1% fuel surcharge waiver and is available in a RuPay variant, enabling UPI payments. This card is best suited for first-time users seeking value through brand-specific discounts on daily expenses rather than high reward rates or premium perks.

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 significant discounts on popular online platforms like Zomato, Blinkit, and BookMyShow.

Available in RuPay variant, enabling convenient UPI payments for daily transactions.

Provides a 1% fuel surcharge waiver, saving money on fuel expenses monthly.

Ideal for first-time credit card users to build credit history with essential benefits.

Includes exclusive dining discounts and limited-period offers on travel and shopping.

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.

Features a very low reward rate of just 0.10%, limiting overall earnings.

Does not offer premium benefits like airport lounge access or insurance coverage.

Reward points are not earned on essential spends like fuel, utilities, and rent.

High foreign currency markup of 3.50% makes international spends expensive.

High finance charges of 3.75% per month if balances are not paid in full.

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 Neo Credit Card(opens in new tab)Apply for HDFC Bank Millennia Credit Card(opens in new tab)