Axis Bank Privilege Credit Card vs HDFC Millennia Credit Card

• As an activation benefit, avail 12,500 EDGE Reward Points that are redeemable against travel or shopping vouchers worth Rs. 5000 
• Annual fees reversal on achieving spends of Rs. 2.5 Lakhs
• Earn 3000 EDGE REWARD points on credit card renewal 
• By converting the earned EDGE REWARD points to Paytm flight & hotel vouchers worth twice the value, you can double the benefit upon achieving spends milestone of Rs. 2.5 lakh
• Get 20% off at 4000+ partnered restaurants
• Earn Axis EDGE REWARD points for transactions and 500+ rewards and offers to redeem points
• On every Rs 200 spent on the credit card domestically/Internationally earn 10 points
• 2 Complimentary domestic airport lounge access
• Avail Fuel Surcharge Waiver 
• Avail up to Rs. 2.5 crore for Air Accident Cover
• On transactions over Rs. 2500, convert the purchases into EMIs

• You will receive Welcome Benefit of 1000 CashPoints that’s applicable only on payment of membership fee
• Get Renewal membership fee waived off by spending Rs. 1,00,000 and above during the first year
• Earn 5% CashBack on all spends with a maximum CashBack earning of Rs. 2,250 per month
• Earn 5% CashBack on Amazon, Flipkart, Flight & Hotel bookings on shopping via PayZapp, and SmartBuy (minimum transaction size of Rs. 2000)
• 2.5% CashBack on all online spends
• 1% CashBack on all offline spends and Wallet reloads
• 8 Complimentary Domestic Lounge Access per calendar year
• Complimentary Domestic Airport Lounge access annually
• Experience the Good Food Trail Dining program at premium restaurants across top cities.
• 1% Fuel Surcharge waived off on fuel transactions (Minimum transaction of Rs. 400, Maximum CashBack of Rs. 250 per statement cycle) 
• Enjoy up to 50 days of the interest-free period from the date of purchase 
• If your HDFC Bank Millennia Credit Card gets lost, report immediately and avail zero liability on any fraudulent transactions made on the Credit Card

Rewards Rate:

Please note: The CashBack will be given in the form of CashPoints

• The redemption against the statement balance: 1 CashPoint = Rs. 1
• Redemption against travel benefits such as Flight & Hotel bookings and Rewards Catalogue at the SmartBuy Rewards Portal: 1 CashPoint = Rs. 0.30
• Redeem CashPoints at the conversion rate of 1 CashPoint = Rs. 0.30

Pros

• Milestone and Activation benefits
• Complimentary Airport Lounge Access
• Annual Fee is Low

Cons 

• No complimentary Golf lessons
• Annual interest rate is too high
• The total benefits on the Axis Bank Signature Credit card with Lifestyle Benefits is approx more than Rs. 33,000, whereas the total benefits on the Axis Bank Privilege Credit Card is approx more than 27600 

Pros

• Avail Complimentary MasterCard/Diners Club/Visa Lounge Access Program
• The HDFC Bank Millennia Credit Card is enabled for contactless payments, facilitating fast, convenient and secure payments at retail outlets
• Revolving Credit is available at a nominal interest rate

Cons

• No golf/coaching sessions
• The Cash Points are only valid for 1 year from the date of accumulation 
• Interest rates bit higher than the other credit cards- It’s 3.49% per month, accounting to 41.88% per annum