HDFC Easy EMI Credit Card

The HDFC Easy EMI Credit Card is designed to make your shopping experience more affordable. With this card, you can easily convert your purchases into monthly installments at attractive interest rates. It offers a convenient and flexible repayment option, making it easier to manage your expenses. The card also provides benefits like reward points and discounts at partner outlets, enhancing your overall shopping experience.

Key Highlights of HDFC Bank Easy EMI Credit Card

Here are the key highlights of HDFC Bank Easy EMI Credit Card:

1. HDFC Bank Easy EMI credit card offers exciting CashBack perks and Easy EMI options for eligible purchases.

2. Joining fee: Rs. 500.

3. Welcome benefits: 500 CashPoints and Rs. 1,000 in gift vouchers.

4. Cashback details:

  • 5% on Payzapp & Smartbuy shopping.
  • 2.5% on online purchases.
  • 1% on offline purchases.

5. Cashback is earned as CashPoints, redeemable at 1 CashPoint = Re. 1 for statement balance.
6. Enjoy cashback on almost all purchases, making it a standout feature of this card.

Features and Benefits of HDFC Bank Easy EMI Credit Card

HDFC Bank Easy EMI Credit Card offers several features and benefits:

1. Welcome Benefits:

  • First-year membership fee waived on spending Rs. 20,000 in the first 3 months.
  • Renewal membership fee waived on spending Rs. 50,000 in the first year.
  • Receive 500 CashPoints as welcome or renewal benefit upon fee payment.

2. Milestone Benefits:

  • Earn Rs. 1,000 worth of gift vouchers for every Rs. 1 lakh spent in each calendar quarter during the first year.

3. Fuel Benefits:

  • Enjoy a 1% fuel surcharge waiver on transactions over Rs. 400, with a maximum cashback of Rs. 250 per statement cycle.

4. Cashback Benefits:

  • 1% cashback on offline spends, wallet reloads, and POS transactions (up to Rs. 750 per month).
  • 2.5% cashback on online spends (excluding SmartBuy and PayZapp) up to Rs. 750 per month.
  • 5% cashback on transactions via SmartBuy and PayZapp (for minimum Rs. 2,000 transactions) up to Rs. 750 per month.

HDFC Bank Easy EMI Credit Card Fees and Charges

Here are the fees and charges associated with the HDFC Bank Easy EMI Credit Card:

  1. Spend Based Waiver: Joining fee waived after spending Rs. 20,000 in the first 90 days. Renewal fee waived after spending Rs. 50,000 in the previous year.
  2. Rewards Redemption Fee: Rs. 99 (plus taxes).
  3. Foreign Currency Markup: 3.5% on foreign currency transactions (plus taxes).
  4. Interest Rates: 3.6% per month (43.2% per annum).
  5. Fuel Surcharge: 1% surcharge waived for fuel transactions between Rs. 400 and Rs. 5,000 (up to Rs. 250/month).
  6. Cash Advance Charges: 2.5% of the transaction amount or Rs. 500 (whichever is higher).
  7. Add-on Card Fee: None.

HDFC Easy EMI Credit Card Eligibility

To qualify for the HDFC Easy EMI Credit Card, you must adhere to the following conditions:

  1. Salaried individuals: Age between 21-60, with a monthly income exceeding Rs. 10,000.
  2. Self-employed individuals: Age between 21-65, with an annual ITR filing of over Rs. 6 Lakhs.
  3. Applicants must be either Indian residents or non-resident Indians (NRIs).

Documents Required for Easy EMI Credit Card HDFC

To apply for an Easy EMI Card HDFC Bank, you need to provide the following documents:

  1. Proof of identity: Choose from options like driving license, PAN card, passport, voter’s ID card, or Aadhar card.
  2. Recent passport-sized photograph of the applicant.
  3. Proof of address: You can use documents like an electricity bill, driving license, post-paid mobile phone bill, passport, PAN card, Aadhar card, telephone bill, or voter’s ID card.
  4. Proof of income: Include your income tax returns (ITR), latest salary slips, or Form 16.
  5. Proof of age: Present a birth certificate, voter’s ID card, passport, or school certificate (10th standard).

Please note that the specific documents required may vary based on the bank’s policies, and you might be asked for additional documents as per their discretion.

How to apply for HDFC Bank Easy EMI Credit Card

To apply for the HDFC Bank Easy EMI Credit Card, you have two options: online and offline. Here are the steps for each:

Online Application:

  1. Visit HDFC Bank’s official website.
  2. Navigate to ‘Pay,’ click on ‘Cards,’ and then select ‘Credit Cards.’
  3. Find the HDFC Easy EMI Card in the ‘EMI’ category and click ‘apply now.’
  4. Fill in the required details as prompted.

Offline Application:

  1. Visit your nearest HDFC branch.
  2. Carry the necessary documents.
  3. Request the credit card application form.
  4. Carefully complete the form.

Frequently Asked Questions (FAQs)

1. What is HDFC Bank Easy EMI Credit Card?

HDFC Bank Easy EMI Credit Card is a credit card that allows you to convert your big-ticket purchases into easy and affordable EMIs (Equated Monthly Instalments). It offers the convenience of making high-value purchases without burdening your finances.

2. How can I apply for an HDFC Bank Easy EMI Credit Card?

You can apply for the HDFC Bank Easy EMI Credit Card through the official HDFC Bank website or by visiting a nearby HDFC Bank branch. The application process typically involves submitting some necessary documents and meeting the eligibility criteria.

3. What is the eligibility criteria for HDFC Bank Easy EMI Credit Card?

The eligibility criteria may vary, but generally, you need to be a resident of India, meet the age requirements, and have a stable source of income. The bank may also consider your credit score and credit history.

4. Can I convert any purchase into EMI using this credit card?

You can convert eligible transactions above a certain amount into EMIs. Usually, the option is available for transactions at partner outlets and specific categories.

5. What is the tenure for the Easy EMI option?

The tenure for the Easy EMI option depends on the terms offered by the bank and the type of transaction. It typically ranges from 3 to 24 months.

6. Is there any processing fee for converting transactions into EMIs?

Yes, there may be a processing fee associated with converting transactions into EMIs. The fee can vary based on the tenure and the specific terms of the offer.

7. How do I pay the EMI amount each month?

The EMI amount will be billed to your HDFC Bank Easy EMI Credit Card, and it will reflect in your monthly credit card statement. You can pay the EMI along with your total credit card bill by the due date.

8. Can I prepay the outstanding EMI amount?

In most cases, you can prepay the outstanding EMI amount. However, it’s advisable to check the terms and conditions associated with prepayment to understand any applicable charges.

9. Is there a limit to the number of transactions I can convert into EMI in a billing cycle?

The number of transactions that can be converted into EMI in a billing cycle may be subject to the terms and conditions of the HDFC Bank Easy EMI Credit Card. Check with the bank for specific details.

10. What should I do if I have issues with the Easy EMI facility or my credit card?

For any issues or queries related to the HDFC Bank Easy EMI Credit Card, you can contact the HDFC Bank customer care service or visit the nearest HDFC Bank branch for assistance.