HDFC Bank Retailio Credit Card- Benefits, Eligibility, Fees & Charges

HDFC Bank Retailio Credit Card: The HDFC Bank Retailio Credit Card, co-branded in partnership with Retailio, India’s biggest B2B pharma platform, and HDFC Bank, is beneficial for self-employed individuals and business enthusiasts. The card is specially introduced to cater to the needs of chemists & pharmacies, or merchants involved in the pharma business.

The credit card offers great deals on the spends in different categories from travel, shopping, dining, and grocery and many more. The card is best suited for the shopaholic people and let them earn reward point on their each spends.

Therefore, in this article we are going to see the features and benefits of the HDFC Bank Retailio Black Credit Card and eligibility and how to apply for the same.

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1. HDFC Bank Retailio Credit Card Features and Benefits

The HDFC Bank Retailio Credit Card comes with a great reward points and several other benefits across different categories such as, dining, travel, shopping and many more.

Here we have mentioned the features and benefits offered by the HDFC Bank Retailio Credit Card:

• Welcome Benefits: As a Welcome Benefit, on spending Rs. 500 within the first 90 days, you receive 1000 reward points.
• Milestone Benefits: As a milestone benefit, after spending Rs. 25,000 you can earn 500 reward points in each calendar month and on spending Rs. 1 lakh, you will receive 2000 reward points each calendar quarter. And can get Exclusive for RIO club members: Earn an additional 1500 reward points on monthly expenses reaching Rs. 50,000 and  Receive an extra 5000 reward points on quarterly expenses of Rs. 2 lakh.
• Business Benefits: You can Save 5% off business- related purchases in the form of cashback, purchases made through Retailio the reduced working capital fees of 1% are available. 
• Other Benefits: The card offers cashback on your all spends in the form of reward points i.e., earn 4 reward points when you shop online, earn 2 reward points for further purchases, the monthly reward point cap for grocery purchases is set at Rs. 2,000. And a maximum of 3000 reward points (RPs) may be redeemed monthly and a maximum of 50,000 Travel Reward Points may be redeemed per month.  Every 100 Reward Points can be exchanged for Rs. 20 in cashback and these reward points can be used for special gifts and air miles from our rewards catalogue. Also, transactions are done for rentals, and the government will not receive reward points.
• Fuel Surcharge Waiver: On your fuel transactions Between Rs. 400 upto 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.

2. HDFC Bank Retailio Credit Card Fees and Charges:

• The Joining fee charges are- Rs. 499 + GST.
• The Annual fee and renewal fee charges, an annual membership fee of Rs. 499 + GST.
• The Cash withdrawal fee, is 2.5% of the withdrawn amount i.e., minimum Rs.500.
• An interest rate of  1.99% per month (23.8% 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  1.99% (plus applicable taxes) 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: Upto Rs. 100:  Rs. 0, From Rs. 101 to Rs. 500: Rs. 100, From Rs. 501 to Rs. 5,000: Rs. 500, From Rs. 5,001 to Rs. 10,000: Rs. 600, From Rs. 10,001 to Rs. 25,000: Rs. 800, From Rs. 25,000 to Rs. 50,000: Rs. 1,100 and More than Rs. 50,000: Rs. 1,300.

3. HDFC Bank Retailio Credit Card Eligibility Criteria to Apply:

The common eligibility criteria and the documents required to apply for HDFC Bank Retailio Credit Card are as follows:

• The age limit for applying for this card is 21-65 years of age.
• The cardholder should be an Indian resident.
• The cardholder should self-employed.
• 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, and if you are self-employed, you should submit your latest ITR.

4. How to Apply for HDFC Bank Retailio Credit Card:

For HDFC Bank Retailio 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 Retailio 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 Bank Retailio 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 Retailio credit card online.

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