Below are the top HDFC credit cards that cater to a different lifestyle and spending habits. You can go through each card in detail to find the one that best suits your needs.
Top HDFC Credit Cards in India for 2020
|HDFC Credit Card||Key Feature||Annual Fee||Minimum Income Required|
|HDFC Regalia Credit Card||Get access to 850+ airport lounges globally with Priority Pass Membership||Rs. 2,500|
Salaried – Rs.90,000 p.m.
Self-Employed – Rs.100,000 p.m.
|HDFC MoneyBack Credit Card||2 reward points accrued for every Rs. 150 spent and 2X reward points on online spends||Rs. 500||Salaried & Self Employed – Rs.25,000 p.m.|
|HDFC Regalia First Credit Card||Dining benefits at over 300 top restaurants in India||Rs.1,000||Check with Bank*|
|6E Rewards XL Indigo HDFC Bank Credit Card||Complimentary Indigo vouchers and flight ticket||Rs. 2,500||Check with Bank*|
|HDFC Diners Club Privilege Credit Card||Complimentary golf games worldwide||Rs.2,500|| Salaried – Rs.40,000 p.m.|
Self-Employed – ITR more than Rs.6 lakh
|HDFC Freedom Credit Card||Earn 10x reward points on PayZapp and SmartBUY. 5x reward points on Dining, Movies etc.||Rs. 500|| Salaried – Rs.12,000 p.m.|
Self- Employed – ITR more than Rs.2 lakh per annum
|HDFC Bank Diners ClubMiles Credit Card||Enjoy lounge access at more than 700 airports globally||Rs. 1,000|| Salaried – Rs.30,000 p.m.|
Self-Employed- Rs.3,60,000 per annum
|HDFC Bank Diners Club Rewardz Credit Card||Earn 3 reward points on every Rs.150 spent on retail and 10x reward points on shopping at partner brands||Rs. 1,000|| Salaried – Rs.30,000 p.m.|
Self-Employed – ITR Rs.3.6 lakh per annum
|HDFC Diners Club Black Credit Card||Unlimited airport lounge access worldwide for Primary and add-on cardholders||Rs. 10,000|| Salaried – Rs. 1,75,000 p.m.|
Self-Employed – Rs.2,100,000
|HDFC Bank Millennia Credit Card||5% cashback on using Amazon and Flipkart and 2% cashback on other online transactions||Rs.1,000|| Salaried – Rs.25000 p.m.|
Self-Employed – Rs.600,000
*Income eligibility for these cards is shared by the bank at the time of application, please contact bank officials for the same.
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HDFC Credit Card Payment Moratorium
The RBI has permitted banks and other financial institutions to allow a moratorium to customers till August 31, 2020, for all term loans, including credit cards. While it was announced for 3 months initially till May 31, the moratorium now has been extended for another 3 months till August 31, 2020. This means consumers, who opt for this moratorium, would not have to pay their EMIs on their loans or credit card dues in this period. However, the entire outstanding amount for this period, along with the interest accrued, would have to be paid back to the bank once the moratorium period is over.
HDFC credit card customers should note:
For more details on HDFC Credit Card Payment Moratorium, Click here
Please note: The moratorium offered is not a loan waiver. It is only to provide temporary relief to those whose incomes have been impacted by the Covid-19 lockdown. Our advice to customers would be not to choose the moratorium for their outstanding credit card dues. As finance charges on your unpaid credit card dues can go up to 49% p.a., the interest accrued in case you opt for the moratorium can be extremely high. For those with HDFC Credit Cards, finance charges can range from 23.88% to 41.88% p.a.
Instead, you should choose to convert your outstanding dues into Smart EMIs, as interest rates for this would be significantly lower. HDFC Bank usually charges up to 18% for converting your unpaid dues into EMIs and you can choose a tenure of up to 36 months
However, those who can afford to pay their EMIs and Credit Card bills in full, should continue to do so and follow their regular repayment schedule, to avoid paying any interest.