HDFC Credit Cards And Their Benefits

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HDFC Bank, a leading name in Indian finance, offers a diverse range of credit cards designed to cater to every lifestyle and spending habit. Whether you’re a travel enthusiast, a shopaholic, or someone who values convenience, there’s an HDFC credit card waiting to unlock a world of exclusive benefits, rewards, and special schemes.

Before seeing the benefits of HDFC credit cards, let us see the top 10 credit cards offered by them:

Top 10 HDFC Credit Cards With Their Fees and Charges:

Source: Bank Bazaar

8 Key Benefits of HDFC Credit Cards

1. Smart EMI: Convert purchases of Rs. 2,500 or more into manageable SmartEMIs post-transaction. Take advantage of competitive interest rates and flexible repayment options for both in-store and online purchases.

2. Contactless Payments: Make payments swiftly and securely with HDFC’s contactless credit cards. Simply tap your card at participating retailers to complete transactions in seconds. Activate this feature through MyCards.

3. Airport Lounge Access: Gain complimentary access to select airport lounges across both domestic and international terminals with specific credit cards.

4. Foreign Currency Markup: Benefit from lower foreign currency markups on international transactions with select HDFC Bank Credit Cards, making overseas shopping more economical.

5. Insurance Benefits: Certain cards come with complimentary insurance, offering significant coverage for air accidents and emergency medical treatment abroad.

6. Welcome Perks: Unlock a world of exclusive benefits when you sign up and transact with an HDFC Bank Credit Card. Enjoy additional rewards for annual spending that exceeds certain thresholds.

7. Revolving Credit Facility: Utilize the revolving credit option at attractive interest rates available through HDFC Bank Credit Cards. For more details, refer to the MITC (Most Important Terms and Conditions).

8. Zero Lost Card Liability: Report any lost HDFC Credit Card immediately to our 24-hour call center to avoid liability for fraudulent transactions. This prompt reporting secures you against unauthorized charges.

Also, Read: What is Credit Score? Factors, Calculation & Ways to Improve

 Eligibility Criteria for Credit Cards: 

1. Residential Status:

Applicants must be residents of India, although some financial institutions may also issue credit cards to Non-Resident Indians.

2. Age Requirements:

The age criteria vary by lender. Generally, 

• salaried individuals should be between 21 and 60 years old. 
• Self-employed applicants are typically eligible between 21 and 65 years of age.

3. Income:

Applicants can be either salaried or self-employed. The type of credit card for which one qualifies depends on their income level. For instance, an individual earning ₹1,00,000 per month might qualify for an HDFC Bank Regalia Gold Credit Card, while someone with a ₹25,000 monthly income might be suitable for an HDFC Bank MoneyBack+ Credit Card. Self-employed applicants might need to provide their most recent Income Tax Returns as proof of income. In cases where income requirements are not met, a card may be issued against a Fixed Deposit, with a credit limit typically being a percentage of the deposit value.

4. Bank Account:

While applicants do not need to have a bank account with the issuing bank, they must have a bank account to provide income proof. This can be a salary account where the employer deposits monthly pay, and its statements can serve as income evidence.

5. Credit History:

A credit history reflects an individual’s debt repayment behavior. Credit information bureaus assess this data to compute a credit score, which ranges from 300 to 900. A higher score enhances the likelihood of credit card approval, with scores above 750 generally considered favorable. This score also indicates an applicant’s capability to manage credit card repayments effectively.

These criteria are foundational in determining eligibility for a credit card, ensuring that applicants are capable of fulfilling their credit obligations.

Which HDFC Credit Card Is Best For You?

Travel Enthusiasts:

1. HDFC Bank Regalia First Card: Great for frequent international travelers. 

Offers airport lounge access, discounts at restaurants, and reward points for flights. (Joining fee: Rs. 1,000)

2. HDFC Bank Diners Club Black Card (Most Expensive): Best for luxury travel. 

Offers unlimited airport lounge access, concierge service, golf games, and reward points redeemable for flights, hotels, and miles. (Joining fee: Rs. 10,000)

3. HDFC Bank Diners ClubMiles Card: Good for frequent flyers who want to collect miles. 

Offers airport lounge access, air travel insurance, and miles exchangeable with airlines. (Joining fee: Rs. 1,000)

Everyday Spenders:

1. HDFC Freedom Credit Card: Ideal for daily expenses. 

Earns more reward points on dining, entertainment, and groceries. Offers accidental death insurance. (Joining fee: Rs. 500)

2. HDFC Bank Moneyback Credit Card: Good for cashback. 

Earns reward points redeemable for cashback against credit card balance. Offers accidental death insurance and zero lost card liability. (Joining fee: Rs. 500)

3. HDFC Bank Titanium Times Card (Low Fee): Budget-friendly card with benefits. 

Earns reward points redeemable for cashback or gifts. Offers accidental death insurance and zero lost card liability. (Joining fee: Rs. 500)

Other Options:

HDFC Regalia Credit Card: Designed for high spenders and frequent travelers. Offers airport lounge access, reward points, discounts at restaurants, and concierge service. (Joining fee: Rs. 2,500)

General Points To Keep In Mind For HDFC Credit Cards:

• All cards have joining and renewal fees (usually waived if you spend enough each year).
• Most cards offer reward points redeemable for various benefits.
• Many cards include accidental death insurance.

Consider your spending habits and travel needs when choosing a card.

Also, Read: How To Get Credit Card Without CIBIL Score: 4 Ways

How To Apply For HDFC Credit Cards?

If you are wondering how to apply for an HDFC Credit card, then read further. The process is quite simple and takes just a few minutes:

Step-by-Step Process to Apply for an HDFC Credit Card Online:

Step 1: Visit HDFC’s official website to begin your application.

Step 2: Simply enter your phone number and your PAN number or your date of birth.

Step 3: Fill in your OTP.

 Step 4: Enter your personal details, like, your name, PAN number, gender and other basic details about where you live.

Step 5: After filing these details, fill in your income details.

Required Documents for  HDFC Credit Card Application: Income Verification

Income Documents Needed:

Provide either the bank statement from the last six months or the income tax return from the previous year.

Self-Attestation of Income Documents:

There is no requirement to attest or self-attest the documents submitted.

Step 6: Select Your Card: Head to the ‘Credit Cards’ section and choose a card that aligns with your needs.

Step 7: Review Eligibility and Requirements: Verify that you meet the eligibility criteria and gather the necessary documents for your chosen card.

Step 8: Complete the Application: Fill out the application form online with all required details. Alternatively, you can apply in person by submitting your application and documents at an HDFC branch or ATM.

Step 9: Approval and Delivery: Once approved, HDFC Bank will mail the credit card to your address.

Step 10: Receiving Your Card: Upon delivery, sign the receipt and provide a valid ID as proof of identity.

Step 11: Activating Your Card: You will receive your personal identification number (PIN) by courier, and a Green PIN will be sent to your registered mobile number.

Step 12: Authentication of Transactions: Use the PIN received to authenticate transactions.

Step 13: Setting a New PIN: Visit your nearest HDFC ATM to change the PIN as needed.

Follow these steps to apply for and start using your HDFC credit card easily.

Reap the Rewards of Every Purchase With HDFC Credit Cards

HDFC credit cards go beyond just facilitating transactions. They reward you for your everyday spending! Here’s how:

• Earning Power: Depending on the card you choose, you can accumulate Cash Points, Reward Points, or even airline miles with every swipe.
• Maximizing Rewards: Some cards offer accelerated reward earning on specific categories like dining, online shopping, or travel. For instance, imagine earning 10X Reward Points on your monthly grocery bill at Big Basket with a lifestyle-focused card!
• Redemption Flexibility: The best part? You have the freedom to redeem your hard-earned points for exciting rewards. Choose from a vast selection of vouchers, and merchandise, or even use them towards flight tickets and hotel stays.

HDFC credit cards offer a compelling combination of rewards, benefits, and special schemes. With a card tailored to your spending habits and lifestyle, you can unlock a world of convenience, savings, and exclusive privileges. Remember, responsible credit card usage and timely bill payments are key to reaping the maximum benefits. Explore the HDFC Bank website to find the perfect card that complements your financial goals and unlocks a world of rewards!

Also, Read: How to Get Loan Without a CIBIL Score?

FAQs:

1. What are the Benefits of Paying my HDFC Credit Card Bill via Internet Banking?

Using internet banking to pay your HDFC credit card bill offers the convenience of making payments online without any additional charges. Additionally, this service is available even from non-HDFC bank accounts.

2. Is it Possible to have two HDFC Credit Cards Simultaneously?

Generally, banks are reluctant to issue two credit cards to a single individual. However, HDFC Bank might provide a second credit card if you have a favorable credit history.

3. Can HDFC Bank Credit Card Rewards Points be Converted to Air-Miles or Airline E-Vouchers?

Yes, HDFC Bank allows credit card users to convert their accumulated rewards points into Air-miles or Airline e-vouchers. The current balance of reward points can be checked on your credit card statement.

4. Am I Eligible for A Loan with my Existing HDFC Bank Credit Card?

As an HDFC Bank credit card holder, you can access two types of pre-approved loans: an Insta Loan, which is within your credit card limit, and an Insta Jumbo Loan, which exceeds your credit limit.