Whether you are a shopaholic, a travel enthusiast, or a serial money saver, one of India's top private sector banks, HDFC Bank has the most suitable card for you. It offers various credit cards for different customer segments. These credit cards have many advantages, such as reward points, cashback, special offers, and travel benefits.
But to enjoy your HDFC Credit Card to the fullest, you need to know the different kinds of reward schemes available, evaluate the different card choices offered, and find out how to increase your income and use your rewards efficiently.
7 tips and tricks to help you maximise your HDFC Credit Card Benefits
And, to help you with that, we have done the work for you and found 7 tips and tricks to help you maximise your HDFC Credit Card benefits. So, without further ado, let's get going.
1. Different types of rewards programs offered by HDFC
HDFC Bank offers a variety of rewards programs for its customers, including
Credit Card Rewards Programs
HDFC Bank Credit Card rewards programs are designed to reward customers for spending money on their cards. There are a variety of different rewards programs available, each with its own unique set of benefits. Some of the most popular ones are:
MyRewards: MyRewards is HDFC Bank's flagship credit card rewards program. It allows customers to earn reward points for every rupee spent on their HDFC Bank Credit Card. Reward points can be redeemed for a variety of different rewards, including vouchers, cashback, air miles, and flight and hotel bookings.
SmartPay: SmartPay is a rewards program that allows HDFC Bank Credit Card customers to earn cashback on their bill payments. Customers can earn 5% cashback on all online and offline bill payments made through NetBanking or the HDFC Bank MobileBanking app.
InstaPay: InstaPay is a rewards program that allows HDFC Bank Credit Card customers to earn 15% immediate cashback on all transactions made through it.
How to earn and redeem reward points?
To earn reward points on your HDFC Credit Card, simply use your card for everyday purchases. The number of reward points you earn will vary depending on the type of card you have and the merchant you are purchasing from.
To redeem your reward points, you can log in to your HDFC Bank account or call the customer service number. You can redeem your points for a variety of rewards, such as:
- Statement credits
- Gift cards
- Travel vouchers
Here is how you can redeem your cashback rewards effectively:
- Login to NetBanking and click the Credit Cards tab
- Register your credit card (one-time activity)
- Click the Redeem Reward Points link
- Select your card and click Continue
- Click Redeem Reward Points on the homepage
- Select your points range and item category to view the catalogue
- Select items by adding them to your shopping cart
- View your shopping cart and make any changes
- Read and accept the terms and conditions
- Click Redeem to confirm redemption. Note down the redemption order number.
Also, HDFC Bank frequently offers bonus reward points and promotional offers to its credit card customers. These offers can help you earn more reward points on your purchases and redeem them for more valuable rewards.
2. Comparing different HDFC Credit Card options and their benefits
HDFC Bank offers a wide range of credit cards to suit the needs of different customers. Each card comes with its own unique set of benefits, so it is important to compare the different options available before choosing a card. And for this, you can visit Select by Finology, where you can utilise its Card Comparison tool. This tool uses advanced tech and credible data to help you find the credit card that best fits your needs, saving you money and making your financial journey easier.
When choosing an HDFC Credit Card, it is important to consider your spending habits. If you spend a lot of money on groceries, for example, you may want to choose a card that offers bonus reward points or cashback on grocery purchases.
3. How to earn cashback on different types of purchases?
To earn cashback on different types of purchases with HDFC Credit cards, you need to choose the right card for your spending habits. HDFC offers a wide range of credit cards, each with its own unique rewards program.
And these credit cards can be used to pay for a variety of expenses, including:
- Bill payments (utilities, phone, etc.)
- Travel (flights, hotels, rental cars, etc.)
- Shopping (in stores and online)
- Dining out
- Home furnishing
- Cab rides
Here is a brief overview of how to earn cashback on different types of purchases with different HDFC Credit Cards:
- HDFC Bank MoneyBack Credit Card: Earn 4 reward points on every ₹150 spent online and 2 reward points on every other spend.
- HDFC Bank Millenia Credit Card: Amazon, BookMyShow, Cult.fit, Flipkart, Myntra, Sony LIV, Swiggy, Tata CLiQ, Uber, and Zomato each provide 5% cashback, while all other online and offline purchases get 1% cashback.
Swiggy HDFC Bank Credit Card: 10% Cashback across the Swiggy app, 5% Cashback on online purchases, and 1% Cashback on other categories.
Here are some tips for maximum rewards:
- Choose the right card for your spending habits. If you spend a lot on groceries and dining, for example, you'll want to choose a card that offers cashback on those categories.
- Look for cards with accelerated rewards programs. Some cards offer higher cashback rates on certain categories of purchases for a limited time.
- Take advantage of special offers and promotions. HDFC Bank frequently offers special offers and promotions on its credit cards. For example, you may be able to earn bonus cashback on certain purchases or get a sign-up bonus.
- Pay your bill on time and in full to avoid interest charges. Interest charges can eat into your cashback earnings, so it's important to pay your bill on time and in full each month.
By following these tips, you can earn maximum cashback on your purchases with HDFC Credit Cards.
4. Exclusive discounts for HDFC cardholders with partner merchants
HDFC Bank has partnered with a variety of merchants to offer exclusive discounts to its credit card customers. These discounts can be used to save money on a variety of goods and services, such as travel, dining, shopping, and more.
Tips for finding the best deals and offers
- Go incognito to avoid location-based pricing.
- Compare and contrast prices across multiple online stores.
- Apply for retailer-recommended credit cards for discounts and rewards.
- Use browser extensions to scan for coupons.
- Abandon your shopping cart to get discounts and freebies.
5. Strategies for earning reward points faster
Here are a few strategies for earning reward points faster:
- Consider your lifestyle and needs: What are your spending habits? What are your financial goals? What kind of rewards are you interested in? Once you have a good understanding of your needs, you can start narrowing down your choices.
- Compare the features and benefits of different cards: Not all credit cards are created equal. Every card varies from the others in rewards, fees, rates, and perks. So, be sure to compare the features and benefits of different cards before you choose one.
- Look for cash back, reward points, and other benefits: Many credit cards offer cash back, reward points, or other benefits on purchases. These rewards can be redeemed for travel, merchandise, or even cash. If you are looking to save money on your purchases, be sure to choose a card that offers rewards that you are interested in.
- Read the fine print and understand the terms and conditions: Before you apply for any card, understand its interest rates, foreign transaction fees, rewards program, annual and joining fees, etc.
- Be aware of expiration dates: Some credit card rewards have expiration dates. This means that you need to redeem your rewards within a certain period, or they will expire.
Tips for tracking and managing your reward points efficiently
- Time your purchases to maximise your interest-free period.
- Pay your bill on time to improve your credit profile and earn rewards.
- Follow the rewards offered by your credit card and redeem them for discounts, travel, and more.
- Be smart about repayment with EMIs and NetBanking.
- Use your card at trusted merchants to minimise the risk of fraud.
- Be alert with your credit card usage by monitoring your transactions and setting limits.
6. Accessing airport lounges with your HDFC Credit Card
Many HDFC Credit Cards offer airport lounge access to their customers. This can be a great way to relax and unwind before your flight.
To access an airport lounge with your HDFC Credit Card, simply present your card at the lounge reception desk. You may also need to show your boarding pass.
Airport lounge credit cards offer a variety of benefits, including:
- Bonus air miles
- Save money on travel
- Insurance benefits
- Interest-free credit period
- Access to airport lounges
- Waivers on flight tickets
Redeeming reward points for flight and hotel bookings
Through NetBanking: You can log in to your HDFC NetBanking account and click on the Credit Cards tab. Then, you can register your credit card and click on Redeem Rewards Points. You can select the items or vouchers you want from the catalogue or choose the Airmiles option to redeem your points for flight bookings.
Through SmartBuy: You can visit the SmartBuy website and book flights or hotels using your credit card. You can adjust your reward points to redeem them for your booking. You can also access other offers and privileges through this portal.
Here are a few tips for redeeming your cashback rewards effectively:
- Pay back credit card bills: Login to NetBanking > Cards > Enquire > Redeem Reward Points > Select card > Continue > Redeem Reward Points > Cash Redemption.
- Get Insta vouchers: Login to NetBanking > Cards > Enquire > Redeem Reward Points > Select card > Continue > Redeem Reward Points > Insta Vouchers.
- Redeem against the product catalogue: NetBanking: Login to NetBanking > Cards > Enquire > Redeem Reward Points > Select card > Continue > Redeem Reward Points > Product Catalogue.
- SmartBuy: Visit the SmartBuy website > Login > Privileges > Select card > Rewards.
- Convert to Airmiles: Login to NetBanking > Cards > Enquire > Redeem Reward Points > Select card > Continue > Airmiles.
- Book flights & hotels: Visit the SmartBuy Rewards Portal.
7. Tips for timely bill payments to avoid interest charges
- Set up payment reminders to avoid forgetting about upcoming due dates.
- Automate your payments to ensure that your bills are always paid on time.
- Opt for the ECS (Electronic Clearing Service) facility to make automatic payments from your bank account without any hassle.
- Make timely payments a priority to avoid late fees and damage to your credit score.
- Monitor spending patterns to stay within your credit limit and avoid overspending.
Credit cards can be a great way to earn rewards, make purchases online and in-store, and build your credit history. However, it is important to use them responsibly to avoid debt and damage to your credit score.
Here are some tips for using credit cards wisely:
- Choose a credit card that offers the rewards and benefits that are most valuable to you.
- Only spend what you can afford to pay off each month.
- Pay your bill on time and in full each month.
- Monitor your spending patterns and avoid overspending.
- Take advantage of rewards programs and other benefits offered by your credit card issuer.
By following these tips, you can reap the benefits of credit card ownership while avoiding debt and financial problems.