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Tata Neu Infinity HDFC Bank Credit Card

HDFC Bank and Tata Neu have joined forces to launch the exciting Tata Neu Infinity HDFC credit card. The collaboration has resulted in the introduction of two co-branded credit cards: the Tata Neu HDFC Bank Infinity Credit Card and the Tata Neu HDFC Plus Credit Card. The premium option is the Infinity variant, which provides a host of exclusive privileges across various categories. Priced at an annual fee of Rs. 1,499, this card extends a warm welcome to cardholders with benefits equivalent to its monetary value. Boasting a reward rate of up to 10%, it stands out as one of the premier shopping credit cards in the Indian market.

Beyond shopping, the Infinity Credit Card offers a range of benefits encompassing travel, insurance, and lifestyle perks. Furthermore, cardholders enjoy complimentary access to both domestic and international airport lounges.

Key Highlights of Tata Neu Infinity HDFC Credit Card

  1. Membership Fees: Initial joining/annual membership fee: Rs. 1,499.
  2. Renewal Benefits: Renewal fee waived off for the second year onwards if cardholder spends Rs. 3 lakhs or more in the previous year.
  3. Cash Advance Charges: Cash advance charges: 2.5% of the withdrawn amount or Rs. 500 (whichever is higher) on the HDFC Tata Neu Infinity Card.
  4. Foreign Currency Markup Fee: Foreign currency markup fee: 2% of the total amount spent in a foreign currency.
  5. Interest Rates:
  • Monthly interest rate: 3.49%.
  • Annualized interest rate: 41.88%.

Features and Benefits of Tata Neu Infinity HDFC Bank Credit Card

The Tata Neu Infinity HDFC Bank Credit Card offers several features and benefits:

1. Renewal Benefit: If you spend Rs.3 lakh or more before the renewal date, the renewal fee is exempted.

2. Insurance Coverage: 

  • Lost Card Liability Cover up to Rs.9 lakh.
  • Emergency overseas hospitalization coverage up to Rs.15 lakh.
  • Accidental death cover of Rs.1 crore.

3. Contact Payment: Payment through contact is now active.

4. Welcome Bonus: Make your first transaction within 30 days of receiving the card, and receive 1,499 NeuCoins on the Tata Neu App.

5. Fuel Surcharge Waiver:

  • Enjoy a 1% fuel surcharge waiver at Indian fuel stations, with transaction limits between Rs.400 and Rs.5,000.
  • The maximum waiver in a statement cycle is Rs.500.

6. Lounge Privileges:

  • 8 complimentary domestic lounge accesses per year for both RuPay and Visa cards.
  • 4 international lounge accesses annually using the Priority Pass (additional $3.25 charge for RuPay; free for Visa).

7. Revolving Credit: Avail of the offer with an additional interest rate.

8. Zero Lost Card Liability: Report a lost card within 24 hours to avoid liability.

9. NeuCoins Rewards:

  • 5% NeuCoins on spends (Non-EMIs) at Tata Neu and Tata Brand partners.
  • 1.5% NeuCoins on EMI spends or non-Tata Brand transactions.
  • Additional 5% NeuCoins on Tata Neu website/app purchases.

Tata Neu Infinity HDFC Bank Credit Card Fees and Charges

Explore the fee structure for the Tata Neu Infinity HDFC Bank Credit Card and discover the financial advantages that come with it.

  1. Membership Fee: The credit card has an initial joining or annual membership fee of Rs. 1,499.
  2. Renewal Fee Waiver: Cardholders enjoy a waiver of the renewal fee from the second year onwards if they spend Rs. 3 lakhs or more in the previous year.
  3. Interest Rate: The credit card carries an interest rate of 3.49% per month, equivalent to 41.88% annually.
  4. Cash Advance Charges: For cash advances on the HDFC Tata Neu Infinity Card, the charges are 2.5% of the withdrawn amount or a minimum of Rs. 500, whichever is higher.
  5. Foreign Currency Markup Fee: When used for transactions in a foreign currency, the credit card incurs a 2% fee on the total amount spent.

Eligibility Criteria for Tata Neu Infinity HDFC Bank Credit Card

Here are essential criteria for applying for an Tata Neu Infinity HDFC Bank Credit Card:

1. Age criteria for applicants:

  • Self-employed individuals: Between 21 and 65 years.
  • Salaried individuals: Between 21 and 60 years.

2. Minimum eligible income:

  • Salaried employees: Rs. 1 lakh per month.
  • Self-employed individuals: Rs. 12 lakhs per annum.

Documents Required for Tata Neu Infinity HDFC Bank Credit Card

To apply for the Tata Neu Infinity HDFC Bank Credit Card, you will typically need to provide the following documents:

  1. To complete the verification process, you must provide identity documentation, including options like Aadhar Card, PAN Card, Voter’s ID, Passport, and driving license.
  2. Additionally, address verification requires submission of documents such as recent utility bills, rent agreements, Aadhar Card, and Passport.
  3. For income verification, submit either the latest bank statements/salary slips or, for self-employed individuals, the most recent audited Income Tax Return (ITR).

How To Apply for Tata Neu Infinity HDFC Credit Card?

Follow these steps to apply for the Tata Neu Infinity HDFC Credit Card:

  1. Access HDFC Bank’s official website.
  2. Navigate to the ‘Borrow’ section and choose ‘Credit Cards.’
  3. Explore the categorized page displaying various HDFC Credit Cards based on their features.
  4. Within the ‘Lifestyle’ category, opt for the Tata Neu Infinity Credit Card.
  5. Click on the ‘Apply Now’ option associated with the chosen card.
  6. Follow the subsequent steps by completing the digital application form and fulfilling all necessary formalities.

Frequently Asked Questions (FAQs) –

1. How does the reward points system work with Tata Neu Infinity HDFC Card?

The Tata Neu Infinity HDFC Card usually offers reward points for various transactions. The accumulation and redemption processes are detailed in the credit card’s terms and conditions.

2. What is the credit limit for the Tata Neu Infinity Credit Card?

The credit limit is determined by HDFC Bank based on the applicant’s creditworthiness, income, and other relevant factors.

3. Can I track my Tata Neu Infinity HDFC Card application status online?

Yes, HDFC Bank provides an online portal where applicants can track the status of their credit card application.

4. How can I contact customer support for queries related to the Tata Neu Infinity HDFC Card?

Contact HDFC credit card customer care support through the helpline provided on the official website or visit a nearby HDFC Bank branch for assistance.

5. Are there any special offers or promotions associated with the Tata Neu Infinity HDFC Bank Credit Card?

Check the HDFC Bank website regularly for updates on special offers, promotions, and exclusive deals associated with the Tata Neu Infinity Credit Card.