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HDFC Bank Freedom Credit Card

Apply HDFC Bank Freedom Credit Card

Annual Fee

500₹*

Reward Type

LifeStyle

Joining Fee

500₹*

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Overview

HDFC Freedom Credit Card is an ideal solution for the credit needs of first-time credit card users. The card offers various bonus reward points that can be accumulated for spending on entertainment, dining out, grocery shopping, etc.

This is a rewards credit card that comes with a wide range of benefits and features. It also offers fast bonus points that can be availed upon making purchases, PayZapp expenses and many other categories as well. Other than this, cardholders can also receive benefits related to fuel, insurance, etc.

Key Features

  • Cardholders get a gift voucher worth Rs. 1,000 for making annual expenses reach Rs 90,000 or above.
  • Reward points can be accumulated and redeemed for attractive gifts that are available in the reward catalogue.
  • Accumulated points can be redeemed from the rewards catalogue and for Freedom Credit card, 100 points = Rs 15.
  • Accumulated points can be redeemed via cashback in which case 100 points = Rs 10.
  • Points redemption can be done as cashback and this is calculated in multiples of 500.
  • Cardholders can also avail fuel surcharge waiver of 1%. There is a limit of Rs. 250 for each statement cycle and minimum transaction should range from Rs. 400 – Rs 5,000.

Eligibility Criteria

Applicants must meet the below-mentioned criteria to apply for Freedom Credit card of HDFC Bank:

  • HDFC Bank needs a minimum credit score of 700 to issue the HDFC Bank Freedom Card to an applicant. Click here to check your credit score for free.
  • Occupation: The bank offers this credit card to salaried as well as self-employed individuals. Businessmen who have a regular income source are also eligible.

Documents Required

  • Applicants must furnish Identity Proof which must be issued by the government of India. Some of the proofs that are considered include passport, driving license, Aadhaar card, voters ID, and ration card.
  • For proof of income, one must submit the previous 3 month’s salary slip or bank statement of the previous 3 months.
  • As address proof, one can furnish Electricity Bill (latest available or prior month), latest available phone bill, driving license, rental agreement, maintenance bill of house, bank statement, passport copy, PAN card.
  • Recent passport-sized photograph

Fees and Charges

Category of Charge

Amount

Yearly fee

Rs.500

Interest-free period

Maximum 50 days

Minimum repayment 

5% or a minimum of Rs. 200

Fees on revolving credit

3.49% per month

Cash advance maximum

40% of the credit limit

Late payment fees

If the balance in the monthly statement is less than Rs. 100 – no charges

If the balance is between Rs.100 and Rs. 500 - Rs. 100

If the balance is between Rs.500 and Rs. 5,000 - Rs. 500

If balance is between Rs.5,001 and Rs. 10,000 - Rs. 600

If balance is between Rs.10,001 and Rs. 25,000 - Rs. 800

Higher than Rs. 25,000 - Rs. 950

Additional card charges

None

Payment return fees

2% of the payment return value - a minimum of Rs. 450.

Rewards redemption charges

Rs. 99 per request

Fees for over-limit account

2.5% of the above limit value - a minimum of Rs. 500

Cash advance fees

2.5% of the value withdrawn or Rs. 500, whichever is higher

Processing fees for a balance transfer 

1% of the amount transferred or Rs. 250, whichever is higher

Processing fees for Outstation cheques

If cheque value is maximum Rs. 5,000 - Rs. 25

If cheque value is greater than Rs. 5,000 - Rs. 50

Cash processing charges

Rs. 100

Reissuance of stolen, damaged, or lost card

Rs. 100

Railway ticket purchasing charges

1.8% of the transaction cost + GST

Charges for Transactions in Foreign currency 

3.5%

Fuel transaction fees

Waiver of Rs. 250 per statement cycle

Rewards and Redemption

  • 1 reward point can be earned with every spend worth Rs.150.
  • Reward points worth 25X available on birthday spend.
  • Fast reward points of 5X to be earned on movies, groceries, railway bookings, dining, and also taxi bookings.
  • Reward points worth 10X can be earned on purchases through PayZapp and SmartBUY.
  • A bonus of nearly 500 reward points can be earned on paying the renewal fee
  • 500 points can be earned as rewards upon payment of annual fees.

Redemption of reward points can be done offline or online, depending on the user’s convenience. For offline redemption, the user must download the redemption form. This is available on the bank’s website. After filling in the details, the form can be sent to the below-mentioned address:

Addressed to: Rewards Helpdesk

HDFC Bank Cards Division,

P.O. Box No. 8654,

Thiruvanmiyur, P.O.,

Chennai - 600041.

Users can log in to his or her net banking account and reward points can be redeemed online as well. Follow the steps mentioned below for online redemption:

  • Visit HDFC credit card page after logging into the net banking section
  • Navigate to the 'credit cards' tab.
  • It is important to register the card before clicking on 'redeem reward points'
  • Users will be redirected to the rewards page.
  • Select 'Redeem Reward Points'.
  • Select the item needed as part of redemption.
  • The correct points range must be selected to go through all the available products.
  • Shortlist the items and these can be added to the cart for checkout.
  • After selecting the products, click on the shopping cart option.
  • Make sure to read the terms and conditions before proceeding.
  • After finalising, click on 'redeem'. A redemption order number will be provided and this must be kept safe for further processing.

More About HDFC Bank Freedom Credit Card

  • New-age way of spending and saving
  • The card comes with exciting cashback offers and a certain percentage of the spend is provided as cashback. Spending on pre-specified categories can be beneficial especially when done using this card. Users can enjoy cashbacks or discounts from 2.5% to 5%. In some cases, rewards can be as high as 25% for categories such as movie tickets, etc. Online payments made using this card can also enjoy various cashbacks.
  • Direct and instant cash-back is provided on the total shopping value.
  • Shopping bills can be converted into convenient and comfortable EMI options.
  • The card allows hassle-free redemption of the cash backs.
  • Special discounts on bills payments, movies, etc.
  • Opt for this card to get a higher discount on categories such as fuel, movies, dining, travel etc.

About HDFC Bank

HDFC Bank is one of the most prestigious private-sector banking establishments in India. It offers a range of products and services, from credit cards to mutual funds and various other banking products. HDFC bank has a wide variety of products to cater to the varied needs of customers. Whether it is free airport lounge access or waivers on fuel-surcharge, HDFC Bank Credit Cards come with irresistible offers that attract numerous customers.

FAQs

1. What are the perks to look forward to in the HDFC Freedom credit card?

HDFC Bank Freedom credit card offers many reward points for purchases combined with welcome reward points. The card allows users to earn 10x reward points on spending through PayZapp and SmartBuy. 5x reward points can be earned on expenses related to dining, groceries etc.

2. What is the process to redeem reward points earned on HDFC credit cards?

Reward points can be redeemed through internet banking or filling the reward redemption form. If you opt for the offline mode you must post the form to the HDFC card division address.

3. Are there any other cashback or reward points credit cards offered by HDFC Bank?

Other cashback or reward points credit cards offered by HDFC include HDFC Bharat, HDFC Snapdeal, and HDFC Millennia cards.

4. Can I have multiple Add-on credit cards?

Yes. If you are a primary cardholder, you can have a maximum of 3 Add-on credit cards.

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