HDFC Freedom Credit Card is a primary entry-level credit card from HDFC Bank that is primarily aimed at first-time cardholders.
It is a Reward Points-based card with a low membership fee of Rs. 500 per year. You can also get the renewal charge reduced if you spend Rs. 50,000 or more in an anniversary year.
With this card, you receive 1 Cash Point for every Rs. 150 spent, plus bonus cash points on BookMyShow, OYO, BigBasket, and several other popular companies. Furthermore, the card comes with an excellent introductory perk that offers a low-interest rate of 0.99% for the first 90 days after the card is activated.
Image Source: HDFC Official website
Suitability |
Rewards |
Joining Charges |
Rs. 500 |
HDFC Freedom credit card benefits |
500 CashPoints after the payment of the joining fee. 10X CashPoints on transactions via Big Basket, BookMyShow, OYO, Swiggy & Uber. |
Renewal Fee |
Rs. 500 |
Requirement |
Salaried: Rs. 12,000 p.m. Self-employed: ITR> Rs. 6 lakh p.a. |
The following table details the fees and charges associated with this credit card:
Fees and Charges |
Amount |
Joining Fee |
Rs. 500 |
HDFC Freedom credit card charges for renewal |
Rs. 500 |
Interest Rate |
3.6% p.m |
Late Payment |
Less than Rs. 100: Nil Rs. 100 to Rs. 500: Rs. 100 Rs. 501 to Rs. 5,000: Rs. 500 Rs. 5,001 to Rs. 10,000: Rs. 600 Rs. 10,001 to Rs. 25,00: Rs. 800 Rs. 25,001 to Rs. 50,000: Rs. 1,100 Over Rs. 50,000: Rs. 1,300 |
The eligibility criteria are mentioned below:
For Salaried |
If the principal cardholder is an employee, he or she must be between the ages of 21 and 60. His or her gross monthly income must be greater than Rs.12,000 per month. |
For Self-Employed |
If the applicant is a self-employed person, he or she must be between the ages of 21 and 65. His or her annual income tax returns must be more than Rs.2 lakh. |
Here is the list of documents that are required:
Customers of HDFC Bank have the option of applying for a credit card both online and in person. To apply offline, go to your nearest HDFc Bank branch and complete a physical application form. In this scenario, make sure you have all of the necessary documentation with you. But, if you wish to apply online, you must first complete the following simple steps:
Step 1: Visit the official website of HDFC Bank.
Step 2: Click on Cards in the Personal Banking section.
Step 3: Choose Credit Cards.
Step 4: You will now be taken to the bank's credit cards page, where all of the cards are organized into distinct areas.
Step 5: Choose the HDFC Freedom Credit Card from the 'other credit cards' section and click 'Apply Now.'
Several credit cards that provide similar perks are listed in the table below-
Credit Card Name |
Features |
10X CashPoints for purchases on Flipkart, Amazon, Swiggy, Reliance Smart SuperStore, and BigBasket. |
|
HSBC Smart Value Credit Card |
One reward point for each Rs. 100 spent, as well as 3X, accelerated reward points on online shopping, eating, and telecom purchases. |
Standard Chartered Platinum Rewards Credit Card |
Five points for every Rs.150 spent on meals and gasoline, and 1 point for all other purchases. |
SBI SimplyClick Credit Card |
10X reward points on online partner purchases (Amazon, BookMyShow, Lenskart, Apollo 24X7, Netmeds, Cleartrip & Eazydiner.) |