Features and Benefits of HDFC Credit Cards
Though each HDFC card comes with a different set of benefits, there are some common features that most credit card from HDFC Bank would have. These features are shown below:
EMI Conversion– Using HDFC Bank’s Smart EMI facility, you can convert big-ticket transactions into instalments and pay off over a period of 3 to 24 months, or higher in some cases. Interest is usually applicable on such EMIs, however, the bank also offers no-cost EMI facility with select merchants.
Loan on Credit Card– HDFC Bank also offer loan on credit card under their Insta Loan and Insta Jumbo Loan facilities. In case of Insta Loan, your limit will be blocked for the amount you borrow whereas in case of Insta Jumbo Loan, you can get an amount over and above your available credit limit. The eligible loan amount and interest rates, however, vary from user to user.
Balance Transfer– If you have outstanding balance on a credit card from some other provider and finding it difficult to pay off, you can transfer the balance to your HDFC credit card. This will allow you to make payments in easy instalments without any penalties or finance charges. Note that interest rates will still be applicable on balance transfers but the rate will be lower than credit card finance charges.