HDFC Bharat Credit Card

Now who doesn’t love cashbacks? Everyone does. The HDFC Bharat Credit Card is such a credit card that is filled with many cash back rewards on a monthly basis. Today, we will dive into the features and benefits of this credit card and see how and why this credit card is so important for you. We will also discuss the advantages of having the HDFC Bharat Credit Card.

Fees and Charges:

• If you spend ₹20,000 in a year with your HDFC Bharat Credit Card, you won’t have to pay the renewal fee.
• There’s a ₹99 fee whenever you want to redeem your rewards.
• When you use your card in another country, you’ll be charged 3.5% of the amount for currency conversion.
• The interest rate on the card is 3.6% per month, which adds up to 43.2% for the whole year.
• You can get a 1% waiver on the fuel surcharge for purchases of ₹400 or more, but the waiver is capped at ₹250 each month.
• If you take out cash using your card, there’s a fee of 2.5% or ₹500, whichever is higher.

HDFC Bharat Credit Card Details:

• With your HDFC Bharat Credit Card, you can get 5% cashback every month on Category A transactions. This means when you spend money on things like fuel, booking train tickets through IRCTC, buying groceries, paying your bills, or recharging your mobile, you’ll earn some of that money back.
• You also get 5% cashback each month on Category B transactions, which are payments you make using PayZapp, EasyEMI, or SmartBUY. So, if you use those ways to pay, you’ll also get money back.
• The cashback you earn doesn’t come as money right away; instead, it’s saved as reward points that you can use later.
• Plus, you get to enjoy a 50-day period where you don’t have to pay interest on your transactions, which gives you more time to pay without extra charges.

Advantages and Disadvantages of HDFC Bharat Credit Card

Advantages

• Rewards Rate: You get 5% cashback every month when you spend money on things like bill payments, mobile recharges, fuel, and railway tickets booked through IRCTC. You also get 5% cashback when you pay through PayZapp, EasyEMI, or SmartBuy.
• Reward Redemption: The reward points you earn can be turned into cashback whenever you ask for it. Every reward point is worth around one rupee.
• Travel: When you book railway tickets through IRCTC, you get 5% cashback, which makes your trips a bit cheaper.
• Insurance Benefits: The card also gives you an accidental death cover of up to ₹50 lakhs, which helps protect you and your family.

Disadvantages

• Movie & Dining: You don’t get any special deals or discounts for movies or dining with this card.
• Domestic Lounge Access: The card doesn’t give you access to lounges at airports within the country.
• International Lounge Access: You also don’t get access to airport lounges when you travel outside the country.
• Golf: There are no special benefits for playing golf with this card.

HDFC Bharat Credit Card Features and Benefits

• Zero Lost Card Liability: If you happen to lose your card or if it gets stolen, you won’t have to worry about paying for any charges made with it. But you will have to inform the respective bank branch within 24 hours. This means you’re protected from any fraudulent use of your card.
• Fuel Surcharge Waiver: When you use your HDFC Bharat Credit Card to buy fuel, you get a 1% waiver on the fuel surcharge if you spend at least ₹400 at any fuel station in India. However, keep in mind that this waiver is limited to a maximum of ₹250 per billing cycle, so you can only get this benefit up to that amount each month.
• Insurance Benefit: This card offers you a significant benefit with accidental death cover insurance of up to ₹50 lakhs. This means if something were to happen to you, your family could receive up to ₹50 lakhs, which can help provide financial support during tough times.
• Spend-Based Waiver: If you manage to spend ₹20,000 or more using your HDFC Bharat Credit Card in a year, the annual fee of ₹500 will be completely waived off. This means you won’t have to pay the annual fee as long as you meet this spending requirement.

Reward Offers of HDFC Bharat Credit Card

• 5% Monthly Cashback on Category A Transactions: With your HDFC Bank Bharat Credit Card, you get 5% cashback every month on certain types of spending. This includes fuel expenses, railway ticket bookings through IRCTC, grocery purchases, bill payments, and mobile recharges. But, keep in mind that the total cashback you can earn from all these Category A transactions combined is capped at ₹150 each month.
• 5% Monthly Cashback on Category B Transactions: You also receive 5% cashback every month on payments made through platforms like PayZapp, SmartBuy, and EasyEMI. The total cashback you can get from these Category B transactions combined is also capped at ₹150 per month.

Rewards Redemption on HDFC Bharat Credit Card

• Cashback as Reward Points: When you earn cashback with your HDFC Bank Bharat Credit Card, it doesn’t come directly as cash. Instead, the cashback you earn is kept as reward points.
• Redeeming Reward Points: You can easily convert your accumulated reward points into cash back whenever you want. Each reward point is worth Re. 1, so if you have 100 reward points, you can redeem them for ₹100 in cashback.

Eligibility Criteria of HDFC Bharat Credit Card

• Salaried Employees: If you’re a salaried employee and you’re between 21 and 60 years old, you need to have a minimum monthly gross income of ₹12,000 to qualify for the card.
• Self-Employed Individuals: If you’re self-employed and you’re between 21 and 65 years old, you need to have a minimum annual income tax return (ITR) of ₹2 lakhs per year to be eligible for the card.

Documents Required for HDFC Bharat Credit Card

• Identity Proof: You can use documents like your Aadhar Card, PAN Card, Voter’s ID, Passport, or Driving License to prove who you are.
• Address Proof: To show where you live, you can provide the latest month’s utility bills, your Aadhar Card, or your Passport.
• Proof of Income: To show how much money you make, you can submit your latest salary slips or bank statements, or your most recent audited Income Tax Return (ITR).

Application Process for HDFC Bharat Credit Card

1. Online Application: Prospective applicants need to access the HDFC Bank website, download the application form, and submit it with the required documents. This method is quite simple and can be done from the comfort of one’s home. 
2. Branch Visit: Applicants can also walk in to the nearest HDFC Bank branch along with their form and necessary documents. This particular option enables the client to seek help in person. The branch staff members can assist in case there are any questions and confirm that all the needed documents have been provided.
3. Customer Service: In case of any difficulties, applicants should contact the customer care of HDFC Bank. A customer service representative can assist the applicant through the process and address any concerns that they may have. 

FAQs