Tata Neu Infinity HDFC Bank Credit Card- Fee, Charges & Eligibility

HDFC Bank’s Tata Neu Infinity Credit Card, which was recently introduced in collaboration with Tata Neu, can be considered a correct shift towards addressing the convergence of financial and lifestyle segments in today’s consumers. This HDFC credit card comes with up to 10% NeuCoins as the reward rate, which ranks this shopping credit card among the highest in India.

In addition to shopping, the Tata Neu Infinity Credit Card covers other spending needs with features such as air accident insurance, lost card liability cover, and contactless payment for ease and security. If you want one credit card that offers high rewards, special privileges, and ease of use within Tata’s network of companies, then this is the card for you.

Tata Neu Infinity HDFC Bank Credit Card Features and Benefits

Welcome Benefits

• Bonus NeuCoins: Receive 1,499 NeuCoins as a welcome bonus, equivalent to the joining fee of ₹1,499.
• Eligibility for Welcome Benefit: The welcome bonus is credited after the first transaction made within 30 days of card issuance.

Travel Benefits

• Domestic Lounge Access: Enjoy 8 complimentary domestic lounge visits per year (limited to 2 visits per quarter).
• International Lounge Access: 4 complimentary international lounge visits annually (1 visit per quarter) with a Priority Pass, applicable for both Visa and RuPay card variants.

Insurance Benefits

• Air Accident Insurance: Coverage worth ₹1 crore in case of accidental air death.
• Emergency Hospitalization: Insurance cover worth ₹15 lakhs against emergency overseas hospitalization.
• Lost Card Liability Cover: Protection worth up to ₹9 lakhs against fraudulent transactions if the card is lost or stolen.

Spend-Based Waiver

• Annual Fee Waiver: The renewal fee of₹1,499 is waived if the cardholder spends₹3 lakhs or more in the previous anniversary year.

Fuel Surcharge Waiver

• Surcharge Waiver: 1% fuel surcharge waiver on transactions between ₹400 and ₹5,000. The waiver is capped at ₹500 per statement cycle.

Contactless Payment Facility

• Fast and Secure Payments: The card supports contactless payments, allowing for quick and secure transactions without the need to swipe or dip the card.

Additional Lifestyle Benefits

• Airport Lounge Access: Complimentary access to lounges enhances travel comfort, offering amenities like free Wi-Fi, snacks, and beverages.
• Shopping and Dining Discounts: Special discounts and offers on shopping and dining at Tata partner brands.

Security Features

• EMV Chip Technology provides enhanced security against fraudulent activities, ensuring your transactions are safe.

How to Earn and Redeem Tata Neu Infinity HDFC Bank Credit Card Reward Points

How to Earn Reward Points (NeuCoins)

1. Tata Neu App Purchases
   • Reward Rate: Earn 10% cashback in the form of NeuCoins on purchases made on the Tata Neu app or website.
   • Breakdown:
     • 5% NeuCoins on purchases within the Tata Neu ecosystem.
     • Additional 5% NeuCoins when you activate Neu Pass on the Tata Neu app.
2. Tata Partner Brands
   • Reward Rate: Earn 5% NeuCoins on transactions made at Tata partner brands.
   • Partner Brands Include:
     • BigBasket, Croma, Tata CLiQ, Tata CLiQ Luxury, Westside, AirAsia India, Tata 1MG, IHCL (Indian Hotels Company Limited), cult.fit, and others.
3. Other Transactions
   • Reward Rate: Earn 1.5% NeuCoins on all other eligible spends, including UPI payments (capped at 500 NeuCoins per calendar month).
   • Exclusions: NeuCoins are not earned on certain categories like fuel purchases, wallet reloads, rent payments, cash withdrawals, and EMI transactions.

How to Redeem NeuCoins

1. Redemption Value
   • NeuCoins Value: 1 NeuCoin = ₹1.
   • Redemption Platform: Redeem your NeuCoins on the Tata Neu app against Tata partner brands.
2. Where to Redeem NeuCoins
   • Partner Platforms:
     • AirAsia India: Book flights with your NeuCoins for travel within India.
     • BigBasket: Shop for groceries and everyday essentials.
     • Croma: Purchase electronics and gadgets.
     • Tata CLiQ and Tata CLiQ Luxury: Shop for fashion, electronics, and luxury items.
     • Westside: Redeem NeuCoins on fashion and lifestyle products.
     • IHCL (Taj Hotels, Vivanta, etc.): Use NeuCoins for hotel bookings, dining, and other services.
     • Tata 1MG: Buy medicines and health products and book diagnostic services.
     • Qmin: Use NeuCoins for dining and food delivery.
3. Redemption Process
   • On the Tata Neu App: Log in to your Tata Neu account, add the desired products to your cart, and apply the NeuCoins at checkout.
   • Redemption Rate: NeuCoins are deducted from the total bill, with each NeuCoin equating to ₹1 in value.

Tata Neu Infinity HDFC Bank Credit Card Fees and Charges

1. Finance Charges: 3.49% per month (41.88% per annum) on outstanding balances.
2. Cash Advance Charges: 2.5% of the cash withdrawn or ₹500, whichever is higher.
3. Foreign Currency Markup Fee: 2% of the total amount spent in a foreign currency.
4. Late Payment Charges

• Up to ₹100: No charge.
• ₹101 to ₹500: ₹100.
• ₹501 to ₹5,000: ₹500.
• ₹5,001 to ₹10,000: ₹600.
• ₹10,001 to ₹25,000: ₹800.
• ₹25,001 to ₹50,000: ₹1,100.
• Above ₹50,000: ₹1,300.

5. Overlimit Charges: 2.5% of the overlimit amount (minimum ₹500).
6. EMI Conversion Charges: Up to 3% of the transaction amount.
7. Reward Redemption Fee: ₹99 + GST per redemption request.
8. Payment Return Charges: ₹450 per returned cheque or failed payment transaction.
9. Card Replacement Fee

• Domestic Replacement: ₹100 + GST.
• International Replacement: ₹1,000 + GST.

10. Cash Processing Fee: ₹100 per cash deposit made at HDFC Bank branches.

Tata Neu Infinity HDFC Bank Credit Card Product Details

1. Up to 10% cashback as NeuCoins on Tata Neu app purchases, 5% on Tata partner brands, and 1.5% on other eligible spends.
2. 1,499 NeuCoins as a welcome gift upon making a transaction within 30 days of issuance.
3. Complimentary domestic and 4 international lounge visits annually.
4. Includes₹1 crore air accident cover,₹15 lakh emergency hospitalization, and lost card liability cover up to₹9 lakh.
5. 1% waiver on fuel transactions between ₹400-₹5,000, capped at ₹500 per cycle.

Tata Neu Infinity HDFC Bank Credit Card Eligibility Criteria

1. Age Requirement:
   • Primary cardholder: Must be between 21 and 60 years of age.
   • Add-on cardholder: Minimum age of 21 years.
2. Income Requirement:
   • Salaried individuals: Minimum annual income of Rs. 1 lakhs.
   • Self-employed individuals: Minimum annual income of Rs. 12 lakhs as per Income Tax Returns (ITR).

Documents Required For Tata Neu Infinity HDFC Bank Credit Card

1. Identity Proof: PAN Card, Aadhaar Card, Passport, or voter ID.
2. Address Proof: Aadhaar Card, Passport, Utility Bills, or Rent Agreement.
3. Income Proof: Latest salary slips/bank statements for salaried or audited ITR for self-employed.

How To Apply For The Tata Neu HDFC Bank Infinity Credit Card

1. Visit the official HDFC Bank website.
2. Go to the ‘Borrow’ section and select ‘Credit Cards.’
3. Find the Tata Neu Infinity Credit Card under the ‘Lifestyle’ category.
4. Click on the ‘Apply Now’ button.
5. Fill out the digital application form with your personal, financial, and employment details.
6. Apply and wait for verification and approval from the bank.

FAQs