Must Knows

All about HDFC credit card eligibility and features

[ecis2016.org] Although the requirements to qualify for each credit card are unique, there are a few elements that are common and will influence whether or not you are accepted. Let’s have a look at these different aspects alongside various benefits and features you can avail of with HDFC cards.

Credit cards from HDFC Bank can be tailored to meet your day-to-day monetary requirements. You will, however, need to do an online HDFC credit card eligibility check to get a credit card from HDFC Bank and benefit from the many advantages that come with using one. Even though the requirements to qualify for each credit card are unique, there are a few elements that are common and will influence whether or not you are accepted. Let’s have a look at these different aspects alongside various benefits and features you can avail of with HDFC cards.

HDFC credit card: Features

Personalisation 

HDFC Credit Card gives you the option to customize your credit card to meet your specific requirements.

Discount

Customers of the HDFC Credit Card are eligible for exclusive discounts offered by many different businesses, ranging from e-commerce stores such as Amazon to fashion stores. Customers who use the HDFC Credit Card get cash back incentives and reward points daily throughout the whole year.

Security

HDFC credit card provides the highest possible level of protection for its customers’ cards. They provide a very safe and reliable system for doing business online.

Credit card for loan

It is very convenient to take out loans against your HDFC credit cards and you can do so with a minimum amount of paperwork involved.

 

Value bill program

HDFC credit card can be utilised not just for retail purchases but also for the payment of bills. You can earn reward points by using your credit card to pay for recurring expenses such as your power bill, telephone bill, insurance premiums, or mobile phone bill.

 

500 bonus welcome benefit

When you make your first payment toward your monthly utility bill, you are eligible for a welcome bonus of 500 points.

HDFC credit card: Eligibility criteria for existing customers

If you are already a customer of HDFC Bank and are interested in applying for an HDFC credit card, you may do so using the online banking platform. As you are already a confirmed client, your chances of being approved for an HDFC Bank credit card are significantly increased in certain circumstances. 

 For HDFC credit card application, you are not even required to provide any further documentation. However, if you have a certain goal in mind, you will need to ensure that you match the eligibility requirements of the relevant HDFC credit card before applying for it.

 

HDFC credit card: Eligibility criteria for salaried individuals

The following is a list of the eligibility requirements for salaried employees according to HDFC: 

  • The minimum age requirement for salaried employees is 21 years old, while the maximum age limit is 60 years old.
  • You should have a consistent monthly income that is more than the prerequisite amount of money needed to qualify for the card you want to apply for.
  • A decent credit score is also required, particularly one that is close to or higher than 750.
  • You must either be a citizen of India or an Indian who does not currently live there.

HDFC credit card: Eligibility criteria for self-employed individuals

Self-employed individuals have the same eligibility for a credit card from HDFC Bank as salaried workers do, provided that they meet the requirements. The following is a list of the qualifying conditions for an HDFC credit card for those who are self-employed:

  • The age requirement for applicants who are self-employed ranges from 21 to 65 years old.
  • Your regular monthly income must exceed the minimum income threshold for the card for which you intend to apply.
  • A strong credit score, ideally at or above 750, is also required.
  • You must be an Indian citizen or a Non-Resident Indian.

 

HDFC Credit card: Document list to apply for HDFC Bank credit card

You will be able to submit an application for a new HDFC Bank credit card when you have successfully completed the HDFC credit card eligibility check. On the other hand, in addition to the application form, you will also be required to provide certain documents as verification. These are the following:

Proof of identity

  • PAN card
  • Voter ID card
  • Passport
  • Government-issued photo ID card
  • Ration card
  • Aadhaar card
  • Driving licence

Proof of address

  • Aadhaar Card
  • Passport
  • Utility bills (within three months of the date of the application)
  • Government-issued photo ID card with address
  • Last bank account statement

Proof of income

  • Bank statement (last 3 months)
  • Salary slips (last 3 months)
  • Financial statements audited over the last 2 years (for self-employed individuals)
  • Form-16 (for salaried employees)

Top 10 HDFC credit cards in India

The top 10 credit cards that HDFC has to offer are detailed in the following list.

HDFC Credit Card Type  Annual Fee Category
HDFC Bank Regalia First Card Rs.1,000 Premium lifestyle
HDFC Bank Diners Club Black Card Rs.5,000 Premium lifestyle
HDFC Bank Regalia Card Rs.2,500 Premium lifestyle
HDFC Freedom Credit Card Rs.500 Rewards
HDFC Bank Moneyback Credit Card Rs.500 Cashback
HDFC Bank Titanium Times Card Rs.500 Regular lifestyle
HDFC Bank Diners ClubMiles Card Rs.1,000 Premium lifestyle
HDFC Bank Platinum Times Card Rs.1,000 Regular lifestyle
JetPrivilege HDFC Bank Diners Club Rs.5,000 Premium travel

[ecis2016] : Know about HDFC IFSC code 

HDFC credit card: Benefits

Lowest interest rate

The HDFC credit card offers the lowest possible interest rate on overdue payments made on credit cards.

 

Cashless transactions

HDFC Credit Card customers can travel without always needing to carry cash thanks to this convenient benefit. Cardholders who use their HDFC Credit Card may benefit from an easy and convenient experience.

 

24/7 Customer service

The HDFC Bank Credit Card offers its customers reliable and high-quality service. They provide round-the-clock support to their clientele via their customer service department.

 

Recognition

The HDFC Credit Card is recognised at all merchant locations worldwide.

 

Insurance

HDFC Bank was the first to launch in-built insurance for credit cards in India. For example, it offers health and critical illness insurance as well as accident protection and super top-up policies. 

HDFC credit card: How can my chances of meeting the criteria to obtain a card be improved?

You can improve your eligibility in the following ways:

  • Ensure that you have a secure career that provides you with a stable and consistent salary.
  • If you want the greatest rates, you need to make sure that your credit score is good, which means it should be above 750.
  • If you have more than one credit card, you need to be sure that you do not have a record of missed payments.

FAQs 

Is there a minimum salary requirement for an HDFC credit card?

Yes, a monthly income is necessary to apply for an HDFC Bank credit card for salaried personnel. Having said that, the amount of this minimal salary acceptance differs from card to card.

What should I do if I lose or have my HDFC credit card stolen?

In the event that your HDFC card is misplaced or stolen, you are required to contact a customer service agent in order to get your card blocked. This action is taken to protect you against any fraudulent transactions that could be carried out using your lost or stolen credit card.

What are reward points and how can I use them?

The use of your credit card could earn you rewards in the form of reward points. Reward points are one kind of award. These points can be redeemed for products, used toward the payment of membership dues, or even turned into cash if so desired.

What is the grace period for an HDFC credit card?

The grace period that comes with a credit card can range anywhere from 30 to 45 days. This time frame is often referred to as an interest-free period. However, it also depends on the credit card you own.

Source: https://ecis2016.org/.
Copyright belongs to: ecis2016.org

Debora Berti

Università degli Studi di Firenze, IT

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button