HDFC Bank Freedom Credit Card
HDFC Bank Freedom Credit Card is an entry level credit card by HDFC Bank, it is for those who is just starting his credit card journey or who just want to keep the HDFC credit card for huge discount during sale on Flipkart, Amazon and many more. It gives 10X cashpoint on popular brands like BigBasket, BookMyShow, OYO, Swiggy, and Uber. The earned cashpoint can be redeemed for various things like cashback, travel booking through SmartBuy, product voucher and many more. Apart from cashpoint this credit card also provide discount on swiggy dineout. HDFC Bank have relaxed criteria for this credit card so you can easily get it, let’s read in details about this credit card.
JOINING FEE
Rs.500+GST
RENEWAL FEE
Rs.500+GST
REWARDS &CASHBACK
10X cashpoint on Big Basket, BookMyshow, OYO, Uber, Swiggy. 1% Cashpoint per Rs.150 on all other spends. 20% Discount Via Swiggy Dineout
Key Features of HDFC Bank Freedom Credit Card
Cashpoints
- You will get 10X Cashpoint on BookMyshow, BigBasket, OYO, Swiggy and Uber having monthly capping of 2500 cashpoints per month.
- You will get 1 Cashpoint on all other spends for every ₹150.
- You will not get cashpoint on Fuel, Wallet, Gifts, Prepaid cards, Gift Voucher.
- The maximum cashpoint can be earned in a statement cycle is 15,000.
- Rewards point earned on Utility, Telecom and cable transaction will be capped at 2000 cashpoint per calendar month.
- Education payment will give you cashpoint but payment should be done via school website or POS machin.
Fuel Surcharge Waiver
- Get 1% Fuel surcharge waiver on all fuel station on minimum transaction of ₹400. Maximum waiver of Rs.250 per month.
Spend Based Waiver
- The annual fee of Rs.500 is waived off if you had spent Rs. 50,000 in previous year and this is very much achievable.
- You will get 500 Cashpoint everytime after payment of renewal fee.
Rupay Card
- HDFC Bank Freedom Credit Card comes under Rupay variant so you can easily linked with UPI andcan enjoy seamless transaction without carrying physical card
- You will also get cashback on UPI payment that is 1 Cashpoint for every ₹150 which is capped at 500 cashpoint per calendar month.
Fees & Charges
Reward Redemption Fee
- There is charge of ₹99 per redemption request. Everytime when you redeem your points for product catalouge or Cashback there will be some charge you have to pay.
Foreign Currency Markup
- The card come with high foreign currency markup fee that is 3.5% of total transaction amount. So if you are looking of any international travel transaction credit card you can choose other cards that have zero or very less markup fee.
Finance Charges & Cash withdrawal Fee
- Interest rate is 3.75% per month that is 55.55% per annum.
- Cash withdawal fee is min Rs.500 upto 2.5% of cash withdrawal amount.
Eligibility Criteria
| Criteria | Salaried Individuals | Self Employed Individuals |
|---|---|---|
|
Age |
21-60 Years |
21-65 Years |
|
Income |
₹12000 Per month |
ITR should be 6lakh or more |
- Final Thoughts
HDFC Freedom Credit Card is an entry level card offered by HDFC bank, for the customer who is just starting his/her credit card journey. This credit card have relaxed eligibility criteria so one can easily go for it. If you look into the Joining/Annual fee you will much better credit card at this range like Swiggy HDFC Credit Card, HDFC MoneyBack+, SBI Simply Click and many more which give high reward rate than this. After the devaluation this credit card loses its charm but still those want reward point on education, Bigbasket, OYO can go for it. We cannot say HDFC Freedom Credit Card good or bad it depends where you spend and what you want in a credit card.
- Frequently Asked Questions
what is the validity of Cashpoints in HDFC Bank Freedom Credit Card?
The validity of Cashpoints is for 2 years from the date of credit.
Does HDFC Freedom Credit Card give Cashpoint on Education payment?
Yes, Education payment done via HDFC Freedom Credit Card will give you cashpoint but payment should be done via website or POS machine not with third party
Do I need bank account in HDFC Bank to get HDFC Bank Freedom Credit Card?
No, This is not such case you don’t need bank account in HDFC although if you have its a plus point but that not necessary to apply for this credit card.
Does IHDFC Bank Freedom credit card have spend based annual fee waiver?
Yes the annual fee is waived off on spending Rs. 50kin previous year.