HDFC Bank’s FD Credit Card: Secure Your Credit with a Fixed Deposit and Enjoy Exclusive Benefits and Rewards

Last Updated : April 4, 2024, 11:33 a.m.

HDFC is one of the largest banks in the private sector of India. It provides various facilities to its customers, from various types of savings and current accounts to different lines of credit and loans. An important addition to HDFC’s profile of financial services is an HDFC Bank FD credit card.

An HDFC Bank FD credit card will be issued to you against the security of a fixed deposit. The fixed deposit is used as collateral by the bank, and it is used to recover the credited money when you are unable to pay the credit card bill. Borrowers who do not fulfil the eligibility criteria for a traditional loan or have a poor CIBIL score can opt for an HDFC credit card , provided they hold an FD account at the bank.

Benefits of FD credit cards

FD credit cards have many benefits, which attract a lot of customers. They are as follows:

• A Minimum Period: The minimum period for which the FD is to be made is only 6–8 months.
• Less paperwork: To avail of an HDFC Bank FD credit card, the paperwork required is very minimal, as the bank already has most of the information they need through the FD.
• No Need for Income Proof: While availing of the FD credit card, you need not provide any income proof as the collateral is already provided in the form of FD.
• Increases the credit score: The credit score is very important for the prospect of taking loans and advances. Banks will most likely give you loans and advances if you have a better credit score. An HDFC FD credit card is a great opportunity to improve your score.

Let’s have a look at the best HDFC FD credit cards and the exclusive rewards and benefits they offer!

1. HDFC Bank Freedom Credit Card

The Freedom Card is among the most popular credit cards among all the HDFC Bank FD credit cards. It is popular because of its huge rewards and benefits for the customer. To be eligible for this card, you need to have the following essentials:

• You must be an Indian national with a minimum age of 21 and a maximum age of 60.
• If you are a salaried person, you should have a gross monthly income of more than Rs. 12,000.
• If you are a self-employed person, the maximum age can extend to 65 years, and the annual income should be more than Rs. 6 lakhs per annum.

Rewards

1. 500 points on payment of the joining fee
2. 10 points on Big Basket, Uber BookMyshow, OYO, & Swiggy
3. 5 points on other spends converted into EMIs
4. 1 point for every Rs. 150 transaction (Not on fuel, wallet and voucher)

1 point is equal to ₹0.15 when you redeem them against travel benefits (flight & hotels) and rewards catalogue at the SmartBuy portal.

Discounts

1. 20% off on your fine dining
2. Get this discounted booking via Swiggy Dineout
3. And pay with your HDFC Card

Note: With effect from 01-01-2023, rent payments and govt. related credit card transactions will NOT earn you any points.

2. Regalia Gold Credit Card

HDFC Bank FD credit card is premium in nature, and all these awards attract high-income people to take this card. To be eligible for this card, you need to have the following essentials:

• You must be an Indian national with a minimum age of 21 years.
• If you are a salaried person, your maximum age should be 60 years, and your net monthly income must be more than Rs. 1 Lakh.
• If you are self-employed, your maximum age should be 65 years, and your annual income should be more than Rs. 12 Lahks.

Rewards and Benefits

With the Regalia Gold Credit Card, you have many rewards and benefits, such as

• Complimentary Club Vistara silver tier and MMT black elite membership.
• Rs. 1,500 worth of vouchers for spending more than Rs. 1.5 lakhs on the credit card quarterly
• Rs. 5,000 worth of flight vouchers for an annual spend of Rs. 5 lakhs and an additional voucher of Rs. 5,000 on spending Rs. 7.5 lakhs
• 5X reward points on spending at Marks and Spencer, Nykaa, Myntra, and Reliance Digital
• Complimentary lounge access at over 1,000 airports
• 4 reward points will be provided on retail expenditures

3. Millennia Credit Card

It is one of the most popular HDFC Bank FD credit cards because of its medium-income eligibility for salaried persons. To be eligible for this card, you need to have the following essentials:

• You must be an Indian national with a minimum age of 21 years.
• If you are a salaried person, your maximum age should be 40 years, and your gross monthly income must be more than Rs. 35,000.
• If you are self-employed, your minimum age should be 21 years, your maximum age should be 40 years, and your annual income should be more than Rs. 6 lakh.

Rewards and Benefits

With the Millennia Credit Card, you will receive the following rewards:

• 5% cashback on Flipkart, Amazon, BookMyShow, Cult.Fit, and many more.
• 1% cashback on all other spends. This applies to EMI and wallet transactions as well.
• Vouchers worth Rs. 1,000/ on spending Rs. 1 lakh in one quarter.
• Up to 20% off on restaurants via Swiggy Dine Out.

Conclusion

HDFC Bank FD credit card is available against FDs made at HDFC Bank. HDFC Bank offers almost all credit cards against FD. Multiple rewards and benefits coupled with minimum eligibility criteria make these cards popular.

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