HDFC Freedom Credit Card

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.

Freedom-VISA.png

Image Source: HDFC Official website

Highlights of the HDFC Bank Freedom Credit Card

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.

HDFC Freedom Credit Card Features and Benefits

  • Get 5X CashPoints on EMI purchases and 10X CashPoints on Big Basket, BookMyShow, OYO, Swiggy, and Uber purchases.
  • Except for fuel, one CashPoint is awarded for every 150 spent elsewhere. Purchase of prepaid cards and vouchers.
  • 1% Fuel Surcharge Waiver on Fuel Purchases, also available on transactions between 400 and 5,000. The monthly cost is limited to 250.
  • There is also a maximum discount of 15% if you dine at the partner restaurants and pay with this HDFC Bank Card.

HDFC Freedom Credit Card Annual Fee and Charges

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

HDFC Freedom Credit Card Eligibility

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.

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.

HDFC Freedom Credit Card Apply Process

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.'

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.)

Invest the way you want
Join millions of Indians who trust and love Groww
EXPLORE PRODUCTS
Loading...
ⓒ 2016-2023 Groww. All rights reserved, Built with in India
MOST POPULAR ON GROWWVERSION - 4.0.1
STOCK MARKET INDICES:  S&P BSE SENSEX |  S&P BSE 100 |  NIFTY 100 |  NIFTY 50 |  NIFTY MIDCAP 100 |  NIFTY BANK |  NIFTY NEXT 50
MUTUAL FUNDS COMPANIES:  ICICI PRUDENTIAL |  HDFC |  NIPPON INDIA |  ADITYA BIRLA SUN LIFE |  SBI |  UTI |  FRANKLIN TEMPLETON |  KOTAK MAHINDRA |  IDFC |  DSP |  AXIS |  TATA |  SUNDARAM |  PGIM |  INVESCO |  LIC |  JM FINANCIAL |  BARODA PIONEER |  CANARA ROBECO |  HSBC |  IDBI |  GROWW MUTUAL FUND |  MOTILAL OSWAL |  BNP PARIBAS |  MIRAE ASSET |  PRINCIPAL |  BOI AXA |  UNION KBC |  TAURUS |  EDELWEISS |  NAVI |  MAHINDRA |  QUANTUM |  PPFAS |  IIFL |  Quant |  SHRIRAM |  SAHARA |  ITI