HDFC Bank Update: HDFC Bank's ATM card is amazing; you can save up to 5%...

Are you tired of the hassles of credit cards and expensive annual fees? We're going to tell you about a debit card option that can help you save a significant amount every month. We're talking about the HDFC Bank Millennia Debit Card. Whether it's online shopping, food ordering, or bill payments, this card offers cashback on almost every transaction. Users of this card can save up to ₹400 every month, which translates to ₹4,800 annually.

Millennia Debit Card customers earn cashback points. One cashback point is equivalent to ₹1. Bank customers can redeem their cashback points using net banking or mobile banking.
Features of the HDFC Bank Millennia Debit Card:

Earn 1% to 5% cashback points on transactions made with this debit card.

Get 1% cashback points on all offline spending and wallet reloads.

Earn 2.5% cashback points on all online spending.
Get 5% cashback points on spending through PayZapp and SmartBuy.
With this card, you can access domestic airport lounges up to 4 times a year.

Cashback even on loading money into e-wallets
A special feature of the Millennia Debit Card is that it offers cashback not only on shopping but also on loading money into e-wallets (Amazon Pay, PhonePe, Mobikwik, PayZapp, etc.). The money in the wallet is essentially like real money. You can use the money in Amazon Pay, Mobikwik, and PayZapp wallets for shopping as well as UPI payments. This means that with the Millennia Debit Card, you can earn ₹400 every month, or ₹4,800 annually, simply by loading money into your e-wallets.

Cashback Points Terms and Conditions:
Cashback points can be earned for transactions above ₹400.
A maximum of 400 cashback points can be earned per card per month. Cashback points can be redeemed in multiples of 400 through net banking. This means you can only redeem 400, 800, 1200, 1600, 2000, 2400, etc., cashback points.

Cashback points are credited 90 days after the transaction.
Cashback points must be redeemed within one year. After one year, your cashback points will expire.

HDFC Bank Millennia Debit Card Charges
The annual fee for this card is ₹500 (excluding taxes).
HDFC Bank Millennia Debit Card Limits
You can withdraw up to ₹50,000 from ATMs per day using this card.
You can do domestic shopping up to ₹3.5 lakh per day using this card.
You can do international shopping up to ₹1 lakh per day using this card.

Difference between Credit Card and Debit Card
In today's digital age, credit cards and debit cards have become an important part of our daily lives. Although both look similar, their usage and functioning are different. A debit card is directly linked to your bank account. Whenever you make a purchase or withdraw money from an ATM, the amount is immediately deducted from your account. This means you can only spend as much money as you have in your account.

This card helps in controlling expenses. On the other hand, a credit card works on a credit limit provided by the bank or card company. With it, you spend first and then pay the bill at a later date. There is no interest charged if you pay the full amount on time, but you may have to pay heavy interest if there is a delay. In simple terms, a debit card runs on your money, while a credit card runs on borrowed money.

Disclaimer: This content has been sourced and edited from News 18 hindi. While we have made modifications for clarity and presentation, the original content belongs to its respective authors and website. We do not claim ownership of the content.