It is always nice to know that you can earn reward points on your daily expenses and get cashback on that. This is what happens when you get a credit card at the HDFC bank, and you use it for daily expenses.
And the more you use the card, the better for you, but you should also keep in mind that there are risks involved. As it is with any type of credit, you must pay for the services you use when it comes to credit cards.
They are very convenient, but you pay for it and need to manage this type of thing properly.
Features
There are basic features that come with a credit card’s ownership and might be of great benefit to you.
- Instant access to cash in the case of an emergency.
- There are many types of rewards available for different cards.
- You can easily use the card as an alternative to cash for safety.
- This type of payment method can be used all around the world without the need for an exchange of currency.
- Solid record-keeping of all expenses.
- There are regular charges involved so you can budget for it.
How to Apply for Your Rewards
In order for you to redeem your reward points, you need to have earned at least 500 reward points on your credit card. There are a few different ways you can redeem your reward points and spend them in many different ways.
And if you need to redeem those reward points, you can easily go to the following website and follow the onscreen instructions. On this website, you will be guided to where you want to allocate the points or if you want it as a cashback.
Or you can call the customer care number, and the number for your area can be found at this online guide.
How to Get Double Reward Points
When you use your credit card in the first 90 days from receiving it, there are quite a few rewards involved. Every time you swipe your credit card, you will earn rewards from using it to make purchases.
The more you use the credit card, the more points you will earn from it, and you will increase the reward points.
Who is Eligible?
To apply for an HDFC credit card at any branch or online, you must be 24 to 60 years of age, and that is only a few of the rules. You must also have a permanent address, and you must have proof of if you want to apply for this credit card.
If you are working for an employer with a good reputation, it will also count in your favor when you apply for a credit card.
And you must also at least have a good credit score to be eligible for a credit card. It is also necessary to have a valid ID document to prove that you are a citizen when you apply for a credit card.
Fees and Interest
There are different fees involved from the HDFC bank for every credit card, and a table of fees can be found on this website. The charges on most credit cards from the HDFC bank will range from Rs 500 to Rs 2500 per year.
But in some cases, these annual fees will be waived if certain spending criteria are met, and you might end up paying nothing. The APR on a credit card from the HDFC bank might range from 23.88 percent to up to 42 percent.
Bank Contact Info
To contact the bank and get information on anything regarding their services, you can easily contact them here. Or you can simply go to the nearest branch in your area by using this branch locator to find it.
Summary
Having a credit card has its benefits and risks, no matter what type of card you have. But the credit card from HDFC Bank might be more beneficial than the cons, and you might end up earning a lot of reward points.
Note: There are many risks involved with any type of credit card, and you should know that it is important to keep that in mind. Take a look at the terms and conditions of the HDFC Bank financial institute to understand the risks.