HDFC Bank, MasterCard have launched Millennia Cards. This is India’s first range of cards catering exclusively to the lifestyles and aspirations of the millennials. The cards come loaded with benefits and rewards specifically for the digital-first generation. At 440 million, millennials account for 34 per cent of India’s population. Millennials in India have a different approach to life. They are shaped by technology and not in a hurry to achieve traditional milestones. They are equally focused on leisure and also value new experiences. Entertainment including dining out, travel, apparel, and lifestyle purchases are high on their list of priorities. Thus, their banking needs are also unique.
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HDFC Bank has introduced a new credit card 'Millennia', that comes with contactless technology allowing customers to ‘tap and pay’ via POS machine. It offers cashback and reward points on Amazon, Flipkart, and other e-commerce platforms. It also offers 1% cash back on offline purchases, smart EMI, and lounge access for free. It is applicable to both self-employed and salaried persons.
People earning a maximum of ₹35,000 gross salary can apply for the card.
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