HDFC Freedom Credit Card is best suited for first-time credit card users. Cardholders get bonus reward points on birthday, dining, groceries and so on. Get to know more about this credit card below.
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HDFC Freedom Credit Card- Features
Customers get to avail the following features on their HDFC Freedom Credit Card:
Welcome Benefit – Get 500 Reward Points
Renewal Benefit – Get 500 Reward Points on Payment of Renewal Fee
Reward Points – Get 25x reward point on birthday spends. Earn 10x reward points on PayZapp and SmartBUY spends. 5x reward points are earned on Dining, Movies, Groceries, Railways, Taxi payments
Redemption – Earned reward points can be redeemed through catalogue purchases or cash back
Fuel Surcharge Waiver – Avail up to Rs. 250 off on fuel surcharge per statement cycle
HDFC Freedom Credit Card- Benefits
The benefits that users of HDFC Freedom Credit Card can avail are:
Gift Voucher – Get a gift voucher worth Rs. 1000 on reaching an annual spend of Rs. 90,000
Annual Fee Waiver – No need to pay an annual fee if spends cross Rs. 50,000 in a year
Accidental Death Insurance Cover – Avail this benefit by using the card at least 4 times in a month. The primary cardholder is insured up to Rs. 50 lakh
Fire and Burglary Protection – Get this protection on all goods worth more than Rs.5000 for 180 days
HDFC Freedom Credit Card- Fees and Charges
The fees and charges associated with HDFC Freedom Credit Card are:
| Type of Fee or Charge | Amount |
| Annual/Renewal Fee | Rs. 500 |
| Cash Advance Fees | 2.5% of the amount/Min. Rs. 500 |
| Late Payment Charges | For Statement Balance Less Than Rs. 100 – Nil Rs. 100 to Rs. 500 – Rs. 100 Rs. 501 to Rs. 5000 – Rs. 500 Rs. 5000 to Rs. 10000 – Rs. 600 Rs. 10001 to Rs. 25,000 – Rs. 800 Amount over Rs. 25,000 – Rs. 950 |
| Additional Card Fee | Nil |
| Charges on Revolving Credit | 3.49% per month or 41.88% p.a. |
| Over limit Account Charge | 2.5% of amount/ Min. Rs. 500 |
| Payment Return Fee | 2% of amount/ Min. Rs. 450 |
| Cash Processing Fee | Rs. 100 |
| Reward Redemption Fee | Rs. 99 per request |
| Balance Transfer Processing Charge | 1% of BT amount / Min. Rs. 250 |
| Reissue of Credit Card | Rs. 100 |
| Foreign Currency Mark-up Fee | 3.5% of the amount |
HDFC Freedom Credit Card- Eligibility Criteria
Applicants must meet the following requirements if they want to successfully apply for this credit card:
- Only an Indian national or a Non-resident Indian can apply for this card
Eligibility Criteria for Salaried Individuals
- Age – Minimum 21 Years and Maximum 60 Years
- Gross Monthly Income – Over Rs. 12,000
Eligibility Criteria for Self Employed Individuals
- Age – Minimum 21 Years and Maximum 65 Years
- Income Tax Returns – Over Rs. 2.00 lakh
Key documents such as identity proof, residence proof and income proof, PAN Card are required for verification by HDFC Bank at a later stage
How to Apply for HDFC Freedom Credit Card
Apply for this credit card by following the below-laid steps:
- Click here to apply for HDFC Freedom Credit Card
- Duly fill the basic details required in the given form such as Pincode, Occupation, Net monthly income, and so on
- User can now see all the eligible credit cards. Filter out the HDFC Bank credit cards.
- If you are eligible for the Freedom Credit Card then click on ‘Check Eligibility’ and enter the required information
- If you meet the eligibility criteria then you will be required to fill the detailed form
- On successfully submitting the form, a representative from Paisabazaar will call you and set a date and time for document collection from office or home
- Afterwards, the bank will scrutinize the documents on qualifying you will get the card delivered at your address in about 15 days
Freedom Credit Card can also be applied through HDFC Bank’s website or by visiting the nearest HDFC Bank branch.
FAQs
What is the Joining fee and Renewal Fee on this credit card?
The Joining Fee and Renewal Fee on this HDFC Bank credit card are Rs. 500.
What eligibility criteria must the applicant meet when applying for this credit card?
The eligibility criteria for this credit card are:
For Salaried Individuals
Minimum Age – 21 Years/ Maximum Age – 60 Years
Gross Monthly Income – Must be above Rs. 12,000
For Self Employed Individuals
Minimum Age – 21 Years/ Maximum Age – 65 Years
Income Tax Returns must be above Rs. 2 lakhs per annum
Can users get a waiver on annual fees?
If users manage to spend Rs. 60,000 in a year then they can get an annual fee waiver
Similar Credit Cards by Other Banks
| Credit Card | Annual Fee | Reward Points | Net Savings |
| HDFC Freedom Credit Card | Rs.500 | Earn 500 reward points as a welcome gift and 500 reward points on payment of renewal fee | Rs. 1,744* Rs. 2,488** |
| Standard Chartered Super Value Titanium Credit Card | Rs.750 | Earn 1 reward point for every Rs. 150 spent | Rs. 9,834* Rs.12,930** |
| ICICI Bank Coral Contactless Card | Rs.500 | Earn 2 PAYBACK points per Rs. 100 spent | Rs.10,636* Rs. 15,772** |
| Yatra SBI Card | Rs. 499+ Taxes | Earn 6 reward points on every Rs. 100 spent on departmental stores, grocery, dining, movies, entertainment, and international spends and 1 reward point on every Rs. 100 spent on all other categories | Rs. 13,451* Rs. 19,151** |
| HSBC Smart Value Credit Card | Rs. 499 | Earn 1 reward point for every Rs. 100 spent and 3X accelerated reward points on online, dining, and telecom categories | Rs. 7,174* Rs. 10,662** |
*On spending Rs.2 lakh annually
**On spending Rs.4 lakh annually
Other Reward Credit Cards
People also looked for the following reward credit cards:
| Credit Card | Annual Fee | Key Feature | Paisabazaar Rating |
Rs. 1,000 | Earn 1 reward point for every Rs. 125 spent Earn 10X reward points on apparel and departmental store spends | 4.2/5 | |
Rs. 250 | Earn 5X reward points on dining and fuel spends Earn 1 reward point on every spending of Rs. 150 on all the other categories | 3.5/5 | |
Rs. 350 | Earn 3 reward points on every Rs. 100 spent on Grocery and Supermarket spends Earn 2 reward points are earned per Rs. 100 spent on other categories | N/A | |
Rs.1,000 | Earn 1000 Reward Points on successful sign-up Earn 3 Reward Point per Rs. 150 spent on retail | N/A |
