What an HDFC Credit Card Is
HDFC Bank offers several credit cards with different rewards, fees, and features. The cards work like any credit card: you make purchases, receive a monthly bill, and can pay in full or carry a balance at interest. HDFC cards come with varying annual fees, cashback rates, and bonus categories depending on which card you choose.
The main HDFC cards include the HDFC Regalia, HDFC Regalia Gold, HDFC MoneyBack, HDFC Diners Club, and HDFC Infinia. Each has its own annual fee, spending requirements, and rewards structure. Some cards waive the annual fee if you spend a certain amount in a year, while others charge a flat fee regardless of use.
Before you pursue any HDFC card, understand that approval depends on your credit score, income, and existing debt. HDFC will check your credit history and may decline your request if your score is low or your debt-to-income ratio is high.
Key Takeaways
- HDFC credit cards charge annual fees that range from zero to several thousand rupees, depending on the card tier and whether you meet spending thresholds.
- Rewards vary by card: some offer cashback on all purchases, others offer bonus points in specific categories like dining or travel.
- You need a credit score of at least 750 and a stable income to have a reasonable chance of approval.
- Annual fees are often waived if you spend a minimum amount in the first year, so check the specific waiver condition for the card you want.
- HDFC processes applications online and by phone, and approval typically takes 5 to 10 working days.
How to Check If You Meet HDFC's Basic Requirements
HDFC does not publish a fixed minimum credit score, but most cardholders have a score of 750 or higher. You can check your own score for free through CIBIL, Experian, or Equifax. If your score is below 700, approval is unlikely for premium HDFC cards, though entry-level cards like MoneyBack may still be possible.
HDFC also looks at your income. Salaried employees need to show recent payslips or an employment letter. Self-employed applicants must provide income tax returns (ITR) for the past two years. If you are unemployed or have very low income, you will not meet the bank's requirements.
Your existing debt matters too. If you already carry high balances on other credit cards or have unpaid loans, HDFC may see you as a higher risk. The bank calculates your debt-to-income ratio and may reject you if it is too high, even with a good credit score.
Comparing HDFC Card Types and Their Annual Fees
HDFC's entry-level card is the MoneyBack, which has no annual fee in the first year and charges a small fee in subsequent years if you do not spend a minimum amount. This card offers cashback on all purchases, making it straightforward for everyday spending.
The Regalia card charges an annual fee but waives it if you spend a set amount (usually ₹1 lakh or more) in the year. It offers higher rewards on travel and dining compared to MoneyBack.
The Regalia Gold is a premium tier with a higher annual fee and higher spending threshold for waiver. It includes benefits like airport lounge access and concierge services.
The Infinia is HDFC's top-tier card, aimed at high-income earners. It has the highest annual fee but also the most generous rewards and benefits, including unlimited lounge access and travel insurance.
The Diners Club cards sit between entry-level and premium, with moderate fees and rewards focused on dining and entertainment.
Understanding Rewards and Cashback
HDFC cards earn rewards in different ways depending on the card. Some cards give a flat cashback percentage on all purchases. Others award points that you can redeem for travel, shopping, or statement credits.
Cashback rates typically range from 1% to 5% depending on the card and the category of purchase. For example, a card might offer 5% cashback on dining and fuel, but only 1% on general purchases. Always check the specific card's reward structure before you explore, because the rate you earn directly affects whether the annual fee is worth paying.
Points earned on HDFC cards can usually be redeemed through the bank's rewards portal. You can convert points to cash, use them for travel bookings, or transfer them to partner merchants. Some cards also offer accelerated points in specific categories during promotional periods.
how the process works for an HDFC Credit Card
You can explore online through HDFC Bank's website or mobile app, or visit a branch in person. Online applications take about 10 minutes and require basic information: your name, date of birth, PAN, Aadhaar, phone number, email, and employment details.
After you submit your process, HDFC will pull your credit report and verify your income. If you applied online, you may receive a call from the bank to confirm details or ask follow-up questions. This verification call usually happens within 2 to 3 days.
Approval or rejection typically comes within 5 to 10 working days. If approved, the card is dispatched to your address and arrives within 7 to 10 days. You set up it by calling the number on the back or through the mobile app.
If you are rejected, HDFC will not tell you the specific reason, but it is usually due to a low credit score, insufficient income, or high existing debt. You can reapply after 3 to 6 months if you have improved your credit profile.
Annual Fees and How to Avoid Paying Them
Most HDFC cards charge an annual fee after the first year, but many waive it if you meet a spending threshold. For example, the Regalia card may waive its fee if you spend ₹1 lakh in the year. The MoneyBack card waives its renewal fee if you spend ₹50,000 in the year.
If you do not meet the spending threshold, you will be charged the full annual fee. Some cards allow you to request a fee waiver by calling customer service, especially if you have been a long-standing cardholder with good payment history. There is no may provide the bank will agree, but it is worth asking before you pay.
Another way to avoid fees is to close the card before the renewal date. However, closing a card can hurt your credit score by reducing your available credit and shortening your credit history. Only close a card if you are certain you will not use it.
What Happens After You Get the Card
Once your card arrives, set up it when ready through the app or by calling the number on the back. Set up online access through HDFC's website or mobile app so you can view your balance, make payments, and track rewards.
Your first bill arrives 30 to 45 days after your first purchase. HDFC sends bills by email and SMS, and you can also view them in the app. You can pay your full balance, make a minimum payment, or pay any amount in between.
Paying only the minimum leaves the rest as a balance, which accrues interest at a rate that varies but is typically 2% to 3% per month (24% to 36% annually). Paying your full balance by the due date avoids all interest charges.
Track your spending and rewards regularly. HDFC's app shows your current points balance and redemption options. Some rewards expire after a certain period, so redeem them before they lapse.
Frequently Asked Questions
What credit score do I need for an HDFC credit card?
HDFC does not publish a minimum score, but most approvals happen at 750 or above. Entry-level cards like MoneyBack may be approved at scores as low as 700, but premium cards typically require 750+. Check your score through CIBIL, Experian, or Equifax before you explore.
Can I get an HDFC card if I am self-employed?
Yes. HDFC accepts self-employed applicants but requires income tax returns (ITR) for the past two years and proof of business registration. The bank verifies your income through these documents before approving your process.
How long does it take to get an HDFC credit card after approval?
After approval, the card is dispatched within 2 to 3 days and arrives at your address within 7 to 10 days. You can set up it as soon as it arrives by calling the number on the back or through the mobile app.
What is the difference between cashback and reward points?
Cashback is a direct percentage refund on your purchases, credited to your account or statement. Reward points are earned per rupee spent and must be redeemed through HDFC's portal for cash, travel, or shopping. Cashback is simpler; points often offer better value if you redeem them strategically.
Can I request a fee waiver if I do not meet the spending threshold?
You can call HDFC customer service and request a waiver, especially if you have been a good customer with on-time payments. The bank may waive the fee as a courtesy, but there is no may provide. If they refuse, you can close the card or pay the fee and continue using it.