HDFC Bank Freedom Credit Card: The HDFC Bank Freedom Credit Card, an entry-level credit card issued by HDFC Bank, best for first-time users. The card offers bonus reward points on groceries, movies, food orders and many more and can also convert your earned reward points against statement credit, which is a great feature if you want to avail cashback instead of rewards.
And, you earn 1 Cash Point per Rs. 150 spent with this card and extra cash points on BookMyShow, OYO, BigBasket, and several other popular brands. And also, there are many more offers and amazig benefits come with this credit cards. This card is best suited for the people who are looking for an affordable card with decent reward rates and features.
Therefore, here in this article we are going to see the features and benefits offered by the HDFC Bank Freedom Credit Card and also the eligibility to apply for the same.
Contents
1. HDFC Bank Freedom Credit Card Features and Benefits
The HDFC Bank Freedom Credit Card comes with a great reward points and several other benefits across different categories.
Here we have mentioned the features and benefits offered by the HDFC Bank Freedom Credit Card:
- Welcome or renewal Benefits: After successful payment of the joining fee, get 500 bonus Cash Points and also get 500 bonus CashPoints every year on card renewal.
- Renewal Fees: If you spend Rs. 50,000 or more, the renewal fee of Rs. 500 is waived off in the previous anniversary year.
- Annual Fee Waiver: On spending Rs. 50,000, as an Annual fee waiver in a year.
- Low Interest rate: For the first 90 days, get lower interest rate of 0.99% on non-EMI spends from the card issuance date. This is not applicable on insta loan, insta jumbo loan, SmartEMI, EasyEMI, balance transfer or cash transactions.
- Fuel Surcharge Waiver: On your fuel transactions between Rs. 400 and Rs. 5,000, cardholders will get a fuel surcharge waiver of 1%, at fuel pumps all over India with max waiver capped at Rs. 250 per statement cycle.
- Dining Benefits: Get Up to 15% off at 2,000+ premium restaurants in selected cities with a Dineout membership.
- Reward Points: On every spent of Rs. 150, get 1 Cash Point and get 5 Cash Points on EMI purchases at merchant locations. You can earn a maximum of 2,500 Cash Points every month in this category and get 10 Cash Points, on BigBasket, OYO, Swiggy, Uber, and BookMyShow. The maximum Cash Points under this category are capped at 2,500 Cash Points every month.
Check, Shoppers Stop HDFC Bank Credit Card
2. HDFC Bank Freedom Credit Card Fees and Charges:
- The Joining fee charges are- Rs 500
- The Annual fee and renewal fee charges are- Rs. 500 (Waived off on spending Rs. 50,000 in a year)
- The Cash withdrawal fee, Rs. 500 or 2.5% of the withdrawn amount Domestic ATMs and also on International ATMs.
- An interest rate of 3.6% per month (43.2% annually) is applicable on the due amount on the card if the cardholder is unable to clear all the dues by the payment due date.
- On all the Foreign currency transaction, you have to pay forex fee of 3.5% on the transacted amount. This fee is to be paid on all international transactions done using this credit card.
- Late Payment Charges are- apart from the interest rate, a late payment fee shall also be applicable, For Statement Balance: From Rs.0 to Rs.500 – Nil, More than Rs.500 up to Rs.1,000 – Rs.400, More than Rs.1,000 up to Rs.10,000 – Rs.750, More than Rs.10,000 up to Rs.25,000 – Rs.950, More than Rs.25,000 up to Rs.50,000 – Rs.1,100, More than Rs.50,000 – Rs.1,300.
3. HDFC Bank Freedom Credit Card Eligibility Criteria to Apply:
The common eligibility criteria and the documents required to apply for HDFC Bank Freedom Credit Card are as follows:
- The age limit for applying for this card is 21-60 years of age.
- The cardholder should be an Indian resident.
- The cardholder should have a stable source of income either through salary with a net monthly salary of Rs. 12,000 or more or self-employment with the Rs.2 Lakhs or more income annually.
- For Identity Proof documents you need are Aadhar Card, Voters Id, PAN Card, Passport, Driving License.
- For Address Proof, Utility bills of the latest months, Aadhar Card, Passport, and Ration card are the needed documents.
- For Income Proof, you need to submit the latest bank statement as a salaried person, and can also, submit your company ID card, if you are salaried, and if you are self-employed, you should submit your latest ITR.
4. How to Apply for HDFC Bank Freedom Credit Card:
For HDFC Bank Freedom credit card you can apply either online or offline. For offline mode, you can visit your nearest HDFC Bank branch with all the required documents and fill out the physical application form.
Here are the steps to be followed to apply for your HDFC Bank Freedom credit card:
- Step 1: Visit Official website of the HDFC Bank- www.hdfcbank.com
- Step 2: Click on ‘Cards’ option, under personal Banking section.
- Step 3: Then, select ‘Credit Card’ option.
- Step 4: Next, you will be redirected to the credit cards page of the bank where all the cards have been categorized under different sections.
- Step 5: choose the ‘HDFC Freedom Credit Card’, under ‘other credit cards’ option.
- Step 6: Click on ‘Apply Now’.
- Step 7: Enter your mobile number and captcha to start the application, and all the requested details and providing the required documents.
This the way in which you can apply for HDFC Bank Freedom credit card online.
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