HDFC Bank has recently made significant changes to its loyalty program for certain credit cards, which will take effect on October 1, 2024. The bank has proactively informed affected customers via email about these alterations. The primary objective of these revisions is to enhance the process of redeeming reward points and conducting transactions for the benefit of the cardholders. Understand how to earn & redeem HDFC Bank credit card reward points, maximizing your credit card benefits.
Key Alterations:
- Reward Point Caps:
– Limiting the redemption of Apple products to one per calendar quarter on the SmartBuy platform for Infinia and Infinia Metal Cards.
– Capping Tanishq voucher redemptions at 50,000 Reward Points per calendar quarter for Infinia and Infinia Metal Cards. - Transaction Limits:
– Utility transactions are limited to 2,000 Reward Points per calendar month.
– Telecom and cable transactions are restricted to 2,000 Reward Points per calendar month. - Excluded Transactions:
– Education payments made through third-party apps (e.g., CRED, Cheq, MobiKwik) are excluded.
– Easy EMI transactions are excluded for MoneyBack+ and Freedom cards. - Reward Point Earning:
– Earning 3 Reward Points for every Rs. 150 spent on qualifying transactions (Regalia First & Business Regalia First cards).
Fees and Charges for Infinia Credit Card:
– Joining/Renewal Membership Fee: Rs. 12,500 + Applicable Taxes.
– Upon payment of the fee and activation of the card, you will receive 12,500 reward points as a welcome and renewal benefit.
– If you have spent Rs. 10 lakhs or more in the last 12 months, you will qualify to have the renewal membership fee waived.
Benefits of Infinia Metal Edition:
– Unlimited complimentary lounge access at 1,000+ airport lounges using Priority Pass.
– Membership is by invitation only.
Calendar Quarters:
– April to June
– July to September
– October to December
– January to March
Affected Cards:
– Infinia
– Infinia Metal Cards
– Millennia
– UPI
– BIZ UPI
– Swiggy
– BIZ First
– Paytm
– Paytm Business
– Easy EMI Millennia
– Best Price Save Smart
– Bharat credit cards
Important Notes:
– These changes pertain to consumer cards exclusively.
– Education payments made directly through college/school websites or POS machines will still accrue Reward Points.
HDFC Bank updated loyalty program and reward points on credit card are designed to optimize customer benefits while ensuring a sustainable reward structure.
