Tata Neu Plus HDFC Bank Credit Card: Benefits and Features

If you are a person or individual who loves to shop or purchase from the Tata brand, the Tata Neu Plus HDFC Bank Credit Card is the perfect credit card for you. This HDFC credit card provides a good number of rewards and offers to all its cardholders when purchasing things from the Tata brand. 

Let us look at all the features and specifications of this credit card and see why you need it and how you will benefit from the Tata Neu Plus HDFC Bank Credit Card.

Fees and Charges

• No Fee If You Spend: If you spend more than Rs. 1 lakh in a year, you can get the renewal fee of Rs. 499 taken away. This means that if you use your card a lot and buy things worth more than Rs. 1 lakh, you don’t have to pay anything to keep your card for the next year. It’s like a reward for using your card wisely.
• Money for Rewards: When you want to get the cool rewards you earned with your Tata Neu Plus HDFC Bank Credit Card, there’s a little fee. It costs Rs. 99 each time you ask for your rewards. So, if you’ve collected points or cashback, you have to pay this fee to get them. It’s like a small ticket price to enjoy what you’ve earned.
• Extra Fees for Foreign Money: If you go shopping in another country or buy things online from places that use different money, there’s an extra fee. It’s 3.5% of the amount you spend. So, if you buy something for 100 dollars, you’ll pay an extra 3.5 dollars. This fee is just to cover the cost of changing the money.
• Interest Rates Are High: If you borrow money using your card, it can get expensive. The interest rate is 3.75% each month, which adds up to 45% in a whole year. This means if you don’t pay back what you borrowed quickly, you’ll end up paying a lot more later. It’s super important to pay your bill on time so you don’t have to deal with high interest.
• Fuel Fee Savings: When you buy fuel for your vehicle using the Tata Neu Plus HDFC Bank Credit Card, you can save some money. You get 1% off the fuel surcharge, which is an extra charge that comes when you buy fuel. So, if you fill up your tank, it helps to save a little bit on the extra fees, making it cheaper to drive around.
• Cash Advance Cost: If you need to take cash out from your credit card, there’s a cost involved. You have to pay either 2.5% of the amount you take out or Rs. 500, whichever is higher. This means if you take out a small amount, like Rs. 1,000, you’ll pay Rs. 25. But if you take out a big amount, like Rs. 30,000, you’ll pay Rs. 500 instead. So, it’s good to think carefully before taking out cash.

Tata Neu Plus HDFC Bank Credit Card Details

• Zero lost card liability: In the unfortunate event of losing your Tata Neu Plus HDFC Bank Credit Card, on reporting it immediately to our 24-hour call centre, you have zero liability on any fraudulent transactions made on your Credit Card.
• Interest-Free Credit Period: Up to 50 days of interest-free period on your Tata Neu Plus HDFC Bank Credit Card from the date of purchase (subject to the submission of the charge by the Merchant)
• Revolving Credit: Available at a nominal interest rate on your Tata Neu Plus HDFC Bank Credit Card. Please refer to the Fees and Charges section to know more.
• Welcome Gift of NeuCoins: When you first get your Tata Neu Plus HDFC Bank Credit Card, you get 499 NeuCoins as a special welcome gift. It’s like starting your journey with a bunch of points that you can use later for cool stuff.
• 2% Back on Tata Shopping: Every time you buy something from Tata brands, you earn 2% back in NeuCoins. So, if you spend Rs. 1,000 at a Tata store, you get Rs. 20 in NeuCoins. It’s a nice way to get a little something back when you shop.
• 1% Back on Non-Tata Shopping: If you shop at places that are not Tata brands, you still get some rewards. You earn 1% back in NeuCoins. So, if you buy something for Rs. 1,000 at a different store, you’ll get Rs. 10 in NeuCoins. It’s great to earn rewards even when you shop elsewhere.
• Extra 5% on Tata Neu App: If you use the Tata Neu app or website to shop, and you have signed up for Tata NeuPass, you can get an extra 5% back in NeuCoins. This means you can earn more rewards when you shop online, making it even more fun to buy things.
• Free Access to Airport Lounges: 4 Complimentary Domestic Lounge Access per calendar year (1 in a quarter). ₹2 (VISA / RuPay) will be charged to the Credit Card for the Lounge Access.
• Fuel Transaction Savings: When you buy fuel, you get a 1% discount on the surcharge, which is an extra fee that comes with fuel purchases. You can save this discount on fuel transactions up to Rs. 250 each month. So, if you fill up your car often, this can really help save some money.
• No Renewal Fee if You Spend Enough: If you spend a certain amount, i.e., Rs. 1,00,000, during the year, you don’t have to pay the renewal fee to keep your card. It’s like a reward for using your card a lot, and it helps you save money on keeping the card.

Advantages and Disadvantages of Tata Neu Plus HDFC Bank Credit Card

Advantages

• Easy Welcome Benefit: If you make a transaction within the first 30 days after getting your card, you can get 499 NeuCoins as a welcome gift. It’s super easy to earn these points right when you start using the card.
• No Renewal Fee If You Spend Enough: If you spend ₹1,00,000 in a year, you don’t have to pay the renewal fees. This means if you shop a lot, you can keep your card for free, which is nice.
• Big Savings on Tata Brands: With the Tata Neu Plus HDFC Bank Credit Card, you can save a lot when buying from Tata brands like Tanishq and Cult, Fit. So, whether you love fitness or want to buy some shiny jewelry, you get some cool discounts.

Disadvantages

• No International Lounge Access: If you like to travel, this card might not be the best choice because it doesn’t offer access to international airport lounges. This can be a bummer if you want to relax at the airport when flying abroad.
• No Movie or Dining Benefits: Another downside is that this card doesn’t give any special perks for going to the movies or eating at restaurants. So, if you enjoy those activities, you won’t get extra rewards or discounts with this card.
• NeuCoins Expire After a Year: The NeuCoins you earn with your card are only good for 365 days. This means you have to use them within a year, or they’ll disappear. It’s important to keep track of your points so you can enjoy them before they expire.

Tata Neu Plus HDFC Bank Credit Card Eligibility Criteria

• Be an Indian Resident: First, you must live in India. This means you should be a citizen or have legal residency in the country.
• Have a Job or Own a Business: You can either have a regular job where you get paid (salaried) or be your boss (self-employed). Either way is okay as long as you earn money.
• If You Have a Job: If you work for someone else, you need to be between 21 and 60 years old. Also, you have to earn at least Rs. 25,000 every month. 
• If You Are Self-Employed: If you run your own business, you should be between 21 and 65 years old. You also need to file your income tax return (ITR), showing that you earn at least Rs. 6 lakhs in a year. This helps prove that you have a good income from your business.

Conclusion

The Tata Neu Plus HDFC Bank Credit Card is a great choice for people who love shopping at Tata brands. It offers lots of rewards like NeuCoins when you buy things, and you can save money on renewal fees if you spend enough. There are some good perks, like discounts on fuel and access to airport lounges, but it’s not perfect because it doesn’t have international lounge access or movie perks. Overall, if you shop a lot with Tata, this card can help you get some cool benefits.

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