HDFC Freedom Credit Card

  • HDFC Freedom Credit Card offers cashback on spends
  • 5X CashPoints on EMI spends at merchant locations
  • 0.99% Interest rate for first 90 days

It 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.

Key Highlights

HDFC Freedom Credit Card

Freedom-VISA.png

Image Source: HDFC Official Website

Suitability

Cashback and Rewards

Benefits

  • 500 CashPoints after the payment of the joining fee.
  • Up to 20% discount on partner restaurants via Swiggy Dineout

Renewal and Membership Fee

Rs 500 + Taxes

Renewal Fee Waiver

On spending Rs 50,000 or more in a year before your Credit Card renewal date, you can get your renewal fee waived off

Features and Benefits of HDFC Freedom Credit Card

Offers

Get 5X CashPoints on EMI purchases and 10X CashPoints on Big Basket, BookMyShow, OYO, Swiggy, and Uber purchases.

Cashpoints

1 CashPoint for every Rs 150 on other spends (excluding fuel, wallet/prepaid card loads or voucher purchases )

Fuel Surcharge Waiver

1% Fuel Surcharge Waiver on Fuel Purchases, also available on transactions between 400 and 5,000. The monthly cost is limited to 250.

Annual Fee and Charges of HDFC Freedom Credit Card

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 + taxes

Interest Rate

3.6% p.m

Late Payment Fee

Outstanding Balance

Late Payment Charges (Excl. GST)

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 25,000

Rs 800

Rs 25,001 to Rs 50,000

Rs 1100

More than Rs 50,000

Rs 1300

Eligibility Criteria

The eligibility criteria are mentioned below:

Particulars

Age

Income

Salaried

21 Years - 60 Years

Rs 12,000 per month

Self-employed

21 Years - 65 Years

Rs 6 Lacs per annum

Documents Required

Here is the list of documents that are required:

  • Form 60 and PAN card (copies).
  • Application form duly completed.
  • Address proof, such as a PAN card, passport, Aadhar card, or a copy of your utility bill.
  • An identity document such as an Aadhaar card, PAN card, or driving license.
  • Evidence of income, such as a copy of your Form 16, most recent salary slips, or IT returns.
  • Two passport-sized color pictures.
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Process to Apply for HDFC Freedom Credit Card

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 HDFCFreedom Credit Card Bank page.

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.'

Similar Credit Cards

Several credit cards that provide similar perks are listed in the table below-

Credit Card Name

Features

HDFC MoneyBack+ Credit Card

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.)

Other HDFC Bank Credit Cards

HDFC Regalia Credit Card

IndianOil HDFC Bank Credit Card

HDFC Millennia Credit Card

HDFC MoneyBack Plus Credit Card

HDFC MoneyBack Credit Card

HDFC INFINIA Metal Edition Credit Card

HDFC Freedom Credit Card

HDFC Diners Club Black Credit Card

6E Rewards - IndiGo HDFC Bank Credit Card

HDFC Business MoneyBack Credit Card

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