HDFC Bank Freedom Credit Card vs HDFC Bank Bharat Credit CardHDFC Bank Freedom Credit Card vs HDFC Bank Bharat Credit Card

HDFC Bank Freedom vs HDFC Bank Bharat Credit Card

The HDFC Bank offers two essential credit cards: the HDFC Bank Freedom Credit Card and the HDFC Bank Bharat Credit Card. Both cater to different needs and provide unique benefits to cardholders. The Freedom Credit Card, designed as an entry-level option, rewards users with cash points for every purchase. Notably, it offers extra cash points for transactions made on platforms like Big Basket, Swiggy, and BookMyShow. Moreover, it provides discounts on dining at selected restaurants. New cardholders also enjoy introductory benefits, including cash points and a low-interest rate for the first 90 days. With a reasonable joining and renewal fee of Rs. 500, the card offers a balanced mix of benefits and affordability.

Conversely, the HDFC Bank Bharat Credit Card presents itself as an appealing choice, providing cashback incentives across a range of expenses. Tailored for those who frequently utilize payment services like PayZapp, SmartBUY, and Easy EMI, this card rewards cashback on purchases spanning fuel, groceries, recharges, and bill settlements. Noteworthy is the additional cashback feature for cardholders who book rail tickets through IRCTC using this credit card. Priced at a modest Rs. 500 for both joining and renewal fees, this card emerges as a budget-friendly option given its array of advantages.

Features and Benefits of HDFC Bank Freedom Credit Card and HDFC Bank Bharat Credit Card

HDFC Bank Freedom Credit Card:

  1. Designed for credit card newcomers.
  2. Earns reward points on every spend.
  3. Rewards credited as cash points.
  4. Joining fee of Rs. 499, waiver based on spending.
  5. Welcome benefit: 500 Cash Points on paying joining fees.
  6. 1 Cash Point for every Rs. 150 spent.
  7. 5x Cash Points for EMI transactions at selected merchants (capped at 2,500 points per month).
  8. Earn ten times the cash points when you spend on BigBasket, OYO, Swiggy, Uber, and BookMyShow.
  9. 20% off on dining bills at 20k premium restaurants.
  10. Cash points redeemable for vouchers, flights, hotels, etc. (1 CP = Rs. 0.15).
  11. Introductory offer: 0.99% monthly interest for the first 90 days, then 3.6%.
  12. Fuel surcharge waiver of 1% on transactions between Rs. 400 and Rs. 5,000 (capped at Rs. 250 per statement cycle).
  13. You won’t be charged the yearly fee of Rs. 500 if your spending exceeds Rs. 50,000 in the previous year.

HDFC Bank Bharat Credit Card:

  1. Provides refunds on payments made for bills, groceries, mobile top-ups, and other expenses.
  2. Cashback on railway ticket bookings via IRCTC.
  3. Joining and renewal fee of Rs. 500.
  4. 5% monthly cashback on Category A transactions (fuel, IRCTC bookings, groceries, bill payments, and mobile recharges).
  5. The highest cashback you can get on Category A transactions is limited to Rs. 150.
  6. 5% monthly cashback on Category B transactions (EasyEMI, PayZapp, SmartBUY).
  7. The highest cashback you can receive for Category B transactions is limited to Rs. 150.
  8. Fuel surcharge waiver of 1% on transactions above Rs. 400 (capped at Rs. 250 per statement cycle).
  9. Cashback retained as reward points (1 Reward Point = Re. 1).
  10. Accidental death cover insurance of Rs. 50 Lakhs.
  11. The renewal fee is exempted if you have spent Rs. 20,000 or above in the preceding year.

Comparison between HDFC Bank Freedom Credit Card and HDFC Bank Bharat Credit Card

HDFC Bank Freedom Credit Card:

  1. Reward Rate:
    • 1 CP for every Rs. 150 spent
    • 5 CP for every Rs. 150 spent on EMI purchases
    • 10 CP for every Rs. 150 spent on BigBasket, OYO, Swiggy, Uber, and BookMyShow.
    • 5% monthly cashback on Category A transactions (fuel expenses, booking railway tickets through IRCTC, grocery, bill payments, and mobile recharges).
    • 5% monthly cashback on Category B transactions (payments done through – PayZapp, Smart BUY, and Easy EMI).
  2. Reward Redemption:
    • Cash points are versatile rewards that can be exchanged for a range of products or utilized for reserving flights and accommodations.
    • Cash redemption is also an option, with 1 CP equaling Rs. 0.15.
  3. Fuel Surcharge Waiver:
    • 1%
  4. Welcome Benefits:
    • 500 Cash Points
  5. Dining Benefits:
    • 20% discount on dining bills
  6. Fees:
    • Joining Fee: Rs. 500 + Applicable Taxes
    • Renewal Fee: Rs. 500 + Applicable Taxes (Can be waived off on spending Rs. 50,000 in the anniversary year)
  7. Eligibility:
    • Issued to salaried and self-employed individuals.
    • Salaried individuals: Age between 21 – 60 years, minimum monthly income of Rs. 12,000 or above.
    • Self-employed individuals: Age between 21 – 65 years, annual income of Rs. 2 Lakhs or more.

HDFC Bank Bharat Credit Card:

  1. Reward Rate:
    • 1 CP for every Rs. 150 spent
    • 5% monthly cashback on Category A transactions (fuel expenses, booking railway tickets through IRCTC, grocery, bill payments, and mobile recharges).
    • 5% monthly cashback on Category B transactions (payments done through – PayZapp, Smart BUY, and Easy EMI).
  2. Reward Redemption:
    • Cashback retained as reward points, redeemable for cash where 1 RP = Re. 1.
  3. Fuel Surcharge Waiver:
    • 1%
  4. Welcome Benefits:
    • Not applicable (NA)
  5. Dining Benefits:
    • Not applicable (NA)
  6. Fees:
    • Joining Fee: Rs. 500 + Applicable Taxes
    • Renewal Fee: Rs. 500 + Applicable Taxes (Can be waived off on spending Rs. 20,000 in the previous year)
  7. Eligibility:
    • Issued to salaried and self-employed individuals.
    • Salaried individuals: Age between 21 – 60 years, minimum monthly income of Rs. 12,000 or above.
    • Self-employed individuals: Age between 21 – 65 years, annual income of Rs. 2 Lakhs or more.

Which credit card suits you best?

  • HDFC Bank offers two entry-level credit cards, both with attractive deals and offers tied to their respective fees.
  • The HDFC Bank Freedom Credit Card allows users to earn cash points, redeemable for various options on the website.
  • Cashback from the HDFC Freedom Credit Card is converted into reward points, which can be redeemed for cash.
  • Both cards grant a 1% fuel surcharge waiver to cardholders.
  • While these cards may be straightforward, they don’t offer any extra perks. Nonetheless, they play a crucial role in helping newcomers build their credit history.

Frequently Asked Questions (FAQs)

Q. What sets apart the HDFC Bank Freedom Credit Card from the HDFC Bank Bharat Credit Card?

A. The HDFC Bank Freedom Credit Card and HDFC Bank Bharat Credit Card differ in terms of their features, benefits, and rewards. The specific variations include cash points, cashback, and other perks.

Q. How do the rewards differ between the two cards?

A. HDFC Bank Freedom Credit Card offers cash points redeemable for various options on the website, while the HDFC Bank Bharat Credit Card provides cashback, which may have distinct redemption options.

Q. Do both cards offer a fuel surcharge waiver?

A. Yes, both credit cards from HDFC Bank provide a 1% fuel surcharge waiver for cardholders.

Q. Are there any additional value-added benefits with these credit cards?

A. Both cards are classified as basic options, lacking notable added advantages. Nonetheless, they serve as useful tools for those aiming to establish their credit history.

Q. Is it possible to transform the cashback earned from using the HDFC Bank Freedom Credit Card into reward points?

A. Certainly! The cashback you accumulate through the HDFC Bank Freedom Credit Card is converted into reward points. These points offer versatility when it comes to redeeming them, even for cash.

Q. What credit card would be ideal for individuals who are new to credit and aiming to build their credit profile from scratch?

A. Both cards serve as decent options for newcomers aiming to build their credit history, offering basic features without intricate benefits.

Q. Could you provide the details of the charges related to both the HDFC Bank Freedom Credit Card and the HDFC Bank Bharat Credit Card?

A. The fees for each card may vary, and it is advisable to check the respective terms and conditions for accurate and up-to-date information on annual fees, interest rates, and other charges.

Q. How do I go about applying for either the HDFC Bank Freedom Credit Card or the HDFC Bank Bharat Credit Card?

A. Typically, to apply for an HDFC Bank credit card, individuals start by accessing the official HDFC Bank website. From there, they choose the specific credit card they’re interested in and proceed by following the outlined application instructions.

Q. Are there any specific eligibility criteria for these credit cards?

A. To qualify for certain services or products, you may need to meet specific conditions like age, earnings, and creditworthiness. To stay updated, it’s advisable to check the eligibility criteria on HDFC Bank’s website or reach out to the bank directly for the most recent details.

Q. Can I upgrade from one card to another within the HDFC Bank credit card portfolio?

A. HDFC Bank may have policies regarding card upgrades. To explore the possibility of upgrading from HDFC Bank Freedom Credit Card to HDFC Bank Bharat Credit Card or vice versa, it is advisable to contact the bank’s customer service for personalized assistance.

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