The HDFC Bank Easy EMI Credit Card is a unique credit card that allows you to convert your purchases into easy monthly installments (EMIs) with flexible tenures. This card is designed to provide you with greater financial flexibility and convenience, allowing you to make big-ticket purchases without straining your budget. Here are some key features of the HDFC Bank Easy EMI Credit Card:
1. Easy EMI Conversion: With this card, you can easily convert your purchases into EMIs at participating stores or e-commerce platforms. This feature enables you to pay for your purchases in convenient installments, helping you manage your expenses better.
2. No Documentation Required: The Easy EMI Credit Card eliminates the need for any documentation or processing time for EMI conversion. You can simply convert your transactions into EMIs instantly, making it a hassle-free process.
3. Flexible Tenures: You have the flexibility to choose the EMI tenure that suits your financial preferences. The card offers a range of tenure options, allowing you to spread your payments over several months.
4. Wide Acceptance: The Easy EMI Credit Card is widely accepted at a large number of partner stores and online platforms. You can make use of this card for various types of purchases, including electronics, appliances, travel bookings, and more.
5. Reward Points: In addition to the EMI conversion feature, the HDFC Bank Easy EMI Credit Card also offers reward points on your transactions. You can earn reward points on your spends and redeem them for a range of exciting gifts and vouchers.
6. Contactless Payment: The Easy EMI Credit Card is enabled with contactless payment technology, allowing you to make quick and secure transactions at retail outlets that accept contactless payments.
7. Interest-Free Grace Period: The card provides an interest-free grace period on retail transactions, giving you the flexibility to repay your outstanding amount within a specified period without incurring any interest charges.
8. Easy Bill Payment: You can conveniently pay your credit card bills through various channels, including net banking, mobile banking, autopay, and HDFC Bank branches.
Features and Benefits of HDFC Bank Easy EMI Credit Card
CashBack Type
CashBack
Key Features
- Earn 5% CashBack on Amazon, Flipkart, Flight & Hotel bookings on shopping via PayZapp and SmartBuy (minimum transaction size of ₹2000, Max ₹1000 CashBack per calendar month in the first 6 months, Max ₹750 CashBack post 6 months from card issuance).
Earn 2.5% CashBack on all online spends (minimum transaction size of ₹2000, maximum CashBack of ₹750 per calendar month).
- Earn 1% CashBack on all offline spends and Wallet reloads (minimum transaction size of ₹100, maximum CashBack of ₹750 per calendar month).
- Transactions of ₹10,000 and above will be auto-converted to EasyEMI for 9 months (Processing Fee of ₹99 + GST and ROI of 1.67% per month will be levied). Auto-conversion is not applicable for gold, jewellery, and fuel transactions. Auto EMI conversion is processed after 5 business days from the transaction date. (Note: Auto EMI is not processed if the Easy EMI Credit Card is in a blocked state).
Additional Features
- – Zero Lost card liability: You have zero liability on any fraudulent transactions made on your HDFC Bank EasyEMI Card if it is reported immediately to the 24-hour call centre.
- – Interest-Free Credit Period: Enjoy up to 50 days of interest-free period on your HDFC Bank EasyEMI Card from the date of purchase (subject to charge submission by the merchant).
- – Revolving Credit: Avail revolving credit at a nominal interest rate on your HDFC Bank EasyEMI Card.
- – Fuel Surcharge Waiver: Get a 1% fuel surcharge waiver at all fuel stations across India (on a minimum transaction of ₹400, with a maximum CashBack of ₹250 per statement cycle).
Launch Offer
– Receive ₹1000 worth of gift vouchers on spends of ₹1,00,000 and above in each calendar quarter for the first year only.
Welcome Benefit
– Get 500 Cash Points applicable only on payment of the membership fee.
Milestone Benefit
– Spend ₹20,000 and above in the first 90 days and get the first-year membership fee waived off.
Renewal Offer
– Spend ₹50,000 and above in the first year and get a waiver on the renewal membership fee.
Contactless Payment
– The HDFC Bank EasyEMI Card is enabled for contactless payments, allowing fast, convenient, and secure payments at retail outlets. Look for the contactless network symbol on your card for contactless payment.
Reward Point/CashBack Redemption & Validity
CashBack Accrual:
- – CashBack will be given in the form of Cash Points, which can be redeemed against the statement balance (on request only).
- – The redemption against the statement balance will be at the rate of 1 Cash Point = ₹1.
- – The minimum Cash Point balance required for redemption against the statement balance is 2500 Cash Points.
- – Cash Points can also be used for redemption against travel benefits like Flight & Hotel bookings and Rewards Catalogue at the SmartBuy Rewards Portal, at a value of 1 Cash Point = Up to ₹0.30.
- – Unredeemed Cash Points will expire after 1 year of accumulation.
- – For flights and hotels redemption, credit card members can redeem up to a maximum of 50% of the booking value through reward points. The rest of the transaction amount must be paid via the credit card limit.
- – Redeem Cash Points at the conversion rate of 1 Cash Point = ₹0.30.
- – With effect from 1st February 2023, reward points redemption for CashBack redemption is capped at 3,000
Eligibility for HDFC Bank EasyEMI Credit Card:
For Salaried Individuals:
- – You must be an Indian national.
- – Your age should be between 21 years and 60 years.
- – Your gross monthly income should be greater than ₹10,000.
For Self-Employed Individuals:
- – You must be an Indian national.
- – Your age should be between 21 years and 65 years.
- – Your annual income as per Income Tax Return (ITR) should be greater than ₹6.0 Lakhs.
Please note that these eligibility criteria are subject to the bank’s discretion and other factors may be considered during the application process.
Fees and Charges
The HDFC Bank EasyEMI Credit Card has a joining/renewal membership fee of Rs. 500/- plus applicable taxes. You can click here to view the detailed fees and charges associated with the card.
For cards sourced effective from 1st November 2020, the following terms and conditions are applicable:
1. The bank reserves the right to cancel the card if it remains inactive and no transactions are made for a continuous period of 6 months. Prior written notice will be sent to the email address, phone number, and communication address registered in the bank’s records.
FAQs:
1. What is the reward type of HDFC Bank EasyEMI Credit Card?
– The reward type of the HDFC Bank EasyEMI Credit Card is CashBack.
2. What are the key features of the HDFC Bank EasyEMI Credit Card?
– The key features of the HDFC Bank EasyEMI Credit Card include:
– CashBack on Amazon, Flipkart, PayZapp, and SmartBuy transactions
– CashBack on online and offline spends
– Auto conversion of transactions above ₹10,000 into EasyEMI
– Fuel surcharge waiver
– Welcome benefits and milestone benefits
3. Is the HDFC Bank EasyEMI Credit Card enabled for contactless payments?
– Yes, the HDFC Bank EasyEMI Credit Card is enabled for contactless payments.
4. How can I redeem CashBack or reward points earned on the HDFC Bank EasyEMI Credit Card?
– CashBack or reward points can be redeemed against the statement balance, travel benefits like flight and hotel bookings, and rewards catalogue at the SmartBuy Rewards Portal.
Conclusion:
The HDFC Bank EasyEMI Credit Card offers attractive features such as CashBack on various online and offline transactions, auto conversion of large transactions into EasyEMI, fuel surcharge waiver, and contactless payment capability. Cardholders can also enjoy welcome benefits, milestone benefits, and the flexibility to redeem CashBack or reward points for statement balance, travel bookings, and other rewards. It is a valuable card for individuals seeking convenience, savings, and rewards on their everyday expenses.
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