|HDFC Bharat Credit Card Rating|
Annual Fee ★★★
Travel Benefits ★★
Fuel Benefits ★★★
Offers & Discounts ★★★★
Additional Benefits ★★★
|Overall Rating ★★★|
HDFC Bharat credit card is one of the popular cards offered by HDFC bank, it is best suited for cashback lovers. If you are a beginner and interested in owning a cashback credit card, this card can be the right choice for you. For your help, we have given a detailed review of the card and other similar cards so you can get the best credit card that matches your financial requirements.
Key Highlights of HDFC Bharat Credit Card
Earn cashback on every transaction
As HDFC Bharat is a cashback credit card, you have the option to earn cashback on purchases that you make. You will get cashback on Railway Bookings made via IRCTC, groceries, fuel transactions, mobile recharges, bill payments, SmartBuy and PayZapp.
The card enables you to save up to Rs.3600. So one can easily say, the more you purchase the more cashback will be awarded to you. However, the cashback categories are not that great in number when compared to other popular credit cards. But the card is good for beginners and people with a low annual income range of Rs.2-4 lakh annually.
Read more about Cashback Credit Cards in India
Fuel Benefits with HDFC Bharat
You get the privilege to enjoy savings with 5% monthly cashback on fuel expenses. You get-
- 1% surcharge waiver and save up to Rs.250 in every billing cycle
- Valid on a minimum transaction of Rs.400
Save up to Rs.3600 annually
With HDFC Bharat, you can earn up to Rs.3600 on your purchases. For your reference we have illustrated below the savings you can do annually using this card.
|Category||Monthly Spends (Rs.)||Annual Spends (Rs.)||5% cashback (Rs.)|
|Bill / Recharge||500||6000||300|
|Total Savings on HDFC Bharat Credit Card= 3600|
Does the card provide reward points too?
The cashback you earn on your purchases will be retained as reward points and will be posted in your next statement. It can be redeemed as cashback on customer request against statement balance. So, you have the option to use the accumulated points on the varied options available.
Suggested Read: How to earn HDFC Card Reward Points?
Additional Benefits of HDFC Bharat
Apart from the cashback that the card offers, we have given below some of the added benefits that it provides-
|Get up to 50 interest-free days from the date of purchase. You also have the option to enjoy revolving credit at nominal interest rate|
|Safety||Stay protected against any unauthorized use when you shop with EMV Chip Card technology|
|Zero lost card liability||You are not liable for a lost / stolen card, if the same is reported within 24 hours|
|Insurance Coverage||Get up to Rs.50 lakh accidental death insurance|
Is Rs.500 Annual Fee justified?
The HDFC Bharat Credit Card comes with a low annual fee of Rs.500. It is true to say that the cashback provided by the card on varied categories is not that great as compared to other HDFC credit cards. Hence, for your reference we have given below the primary features and fees and charges associated with the card. Your annual fee will also get waived off on spending Rs.20,000 annually.
|Primary Features||Fees / Charges|
|Interest Rate||3.49% per month|
|Over-limit fee||2.5% of over-limit amount (minimum Rs. 500)|
|Interest Charges||3.4% (Annualized 37.2%)|
|Interest-free period||Up to 50 days from purchase date|
|Cash processing fee||Rs.100|
|Late Payment Charges||Zero charge if bill amount less than Rs.100 Charge ranges from Rs.100 – Rs.750 depending on the bill amount|
Should you go for HDFC Bharat Credit Card?
This question might be running in your mind. So, to make the decision easier for you, we have laid down certain parameters that will help you in making the right decision. The card is ideal for you if you-
- Are looking for a card with low annual fee
- Are looking for a card that offers fuel benefits
- Shop frequently via PayZapp or SmartBuy
- Wish to earn huge cashback on your monthly or annual spends
- Refrain from putting major expenses on credit cards
- More inclined towards earning cashback than gaining rewards
Limitations of HDFC Bharat Credit Card
While the card certainly offers great cashback on many categories, there are some limitations associated with it. We have listed down some of the drawbacks of the card-
- HDFC Bharat does not come with many shopping benefits.
- For entertainment and movies, the card does not have much to offer.
- The card does not provide any discount on dining.
- No air miles or lounge access benefits or or any other exclusive discount.
- No milestone rewards are earned through this card.