Are HDFC Credit cards still worth getting?
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I have various credit cards with decent limits Including IDFC Wealth, ICICI Amazon Pay and MMT, Indusind Pinnacle, Axis Flipkart and Airtel, RBL Insignia etc. I had applied for HDFC Millenia in March but it was declined. Since then I have kept a few lakhs in their savings account and in FDs totaling to around 10 lakhs in the hope of getting some pre approved offer. I started seeing a pre approved consumer loan for 12k which has now risen to 2.3 lakhs and a pre approved auto loan for 15 lakhs but no credit cards. Is there any benefit now remaining in getting the HDFC Milennia credit card? I get 5% on Amazon with ICICI and HDFC has removed the Dineout 5% cashback now. Buying Amazon vouchers on Smartbuy is gone with the new 2% fee. I already have the HDFC Platinum debit card so I can get 1% cashback anyway,
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Is indusind pinnacle better compared to legend..i am thinking which should I apply...my mom received ltf legend credit card against fd
Just kidding bro @Lobogris
Sir, obviously I know HDFC cards have benefits. That's why I applied and was trying to get one. However, now they have taken away the Amazon voucher and Dineout discount. That why I wonder if they still hold good value.
OP, You are aware that HDFC still had a wonderful credit card market share before smartbuy concept even came into market right?
I believe removal of amazon Smartbuy will let them give deeper direct discounts. Otherwise while we were very happy to get triple discounts (SB 5%, Mill CC 5%, Amazon HDFC Instant disc). I'm sure this won't have been viable in the long run. I had even bought a mac air m1 (MRP 92k) @ 65k. I don't think this kind of discount would last for long.
Even today a millennia cc (which they say is under regalia/ diners privilege, quite lower than premium cards) still rewards 1% for wallet loads, not to mention it can itself take care of Amazon, Flipkart, Myntra, Uber, Zomato etc.. with 5% discount. Also most account holders get this for free (Or worse might get it free for 50k spends in 90 days).
Their premium cards are still quite rewarding with their standard 3.3 % rewards and really good conceirge service and user support, not to mention other benefits for premium customers.
Basically if you get a HDFC card, get it .. keep it. Do not give too much effort just for the sake of getting too much rewards, which is never going to last forever. The card which seems attractive today, won't be tomorrow.
Thanks for the reply.I don't think Milennia credit card offers anything to me any more as I already can get 5% off on Amazon and Flipkart via Apay and Axis cards. Axis Flipkart gives a flat 1.5% direct to account cashback on all spends without any monthly or daily limits. My Indusind Pinnacle provides 2.5% on online spends again without any limits. I get free international lounge access via Rbl Insignia, IDFC Wealth and Indusind Pinnacle. I can anyway use Smartbuy or Payzapp via my HDFC debit card. Please let me know if I am missing anything.
None.
In Smartbuy, After 2% charge was added to Amazon gift card, I stopped. A doubt:
I have upgraded my debit card to Millennia just before this new charge. But, Millennia usually has 5% extra cashback upto 400. My understanding is: 5% cashback for smartbuy + 5% for Millenia. Can someone using it confirm?
I have opened one agriculture type account which was recommended by HDFC Bank employee... I have to keep minimum balance above 2500 only... I used to keep only 4 to 5000...
Within 6 months they offered me credit card with 20000 limit with out any documents.. That was my first credit card.. they keep increasing my limit 20 to 35000 then 90000 then 180000 now limit is 216000..
Last year they have upgraded my card to Millennia..
Now I am getting upgrade offer to Business Regalia Card from last 6 months.. Millennia is best card... And for me it's life time free...
Anyone can comment on the benefits of HDFC Diners Privilege card? I am seeing it in pre approved offers with a fee of 2500 which can be waived by spending 1 lakh in 90 days. I am also seeing offers from HDFC Equitas cards as LTF which is probably as I have had a Elite savings account with Equitas for a while with a healthy balance for over a year. Equitas gives 7% on savings so I keep some funds there for liquidity.
I received HDFC Platinum Money Back card today. The limit is a very low 62k. It seems like a completely useless card as it has no rewards at all. Even the 5% discount on payment via Dineout is now gone with a minimum bill of 1500 required. I am not sure what I can use it for. CC said it can be made LTF by spending 30k on “retail spends” in first 90 days. Would retail spends include paying bills like electricity? Are there any spends where this card would provide any cashback or benefit? How long does one have to wait before one can request an upgrade? In any case, I am not sure any HDFC cards have much benefits now after they imposed a fee on Amazon vouchers.
Keeping the smartbuy/reward structure aside* , HDFC is still one of the most preferred banking partner for product launches & sale days (Amazon, Flipkart) alongside SBI