HDFC Bank All Miles Credit Card
The HDFC Bank All Miles Credit Card is a great option for those who want to save on their spending. It has a joining fee of Rs. 1000, but you can get it waived by spending Rs. 15,000 within the first 90 days. The yearly renewal fee of Rs. 1000 can also be waived if you spend Rs. 1 lakh in a year. With this card, you earn 3 Reward Points for every Rs. 100 spent on regular purchases and 6 Reward Points per Rs. 100 on mobile recharges, shopping, and hotel bookings. These points can be redeemed on the HDFC SmartBuy portal, helping you save more. The card also offers a fuel surcharge waiver of up to Rs. 500 per month.
Even though this card doesn’t provide premium travel benefits like airport lounge access, it still offers good rewards for frequent shoppers. If you want a card with better travel perks, the HDFC Diners Club Miles Credit Card may be a better choice. However, the All Miles Credit Card is still useful for travelers as it lets you earn air miles that can be used for flights. You also get double Reward Points on certain purchases, which can help you save up to Rs. 14,750 per year. Additionally, HDFC Bank’s air miles credit cards allow you to redeem points for hotel stays, flights, and other travel expenses.
Rewards and Benefits
Fees & Charges
What should you consider before applying for a credit card in India?
Key Considerations Before Applying for a Credit Card in India:
- Eligibility Criteria: Ensure you meet the eligibility requirements, which typically include age, income, credit score, and employment status as defined by the issuing bank or financial institution.
- Credit Score: A strong credit score can significantly improve your chances of approval and result in more favorable terms, such as lower interest rates or higher credit limits. Verify that your credit score is healthy before applying.
- Interest Rates and Fees: Compare the annual percentage rates (APR), processing fees, late payment penalties, and foreign transaction charges associated with various cards. These costs can vary widely and impact the overall value of the card.
- Rewards and Benefits: Evaluate the rewards, cashback, discounts, or other perks offered by the card to ensure they align with your spending patterns. Some cards may provide better benefits in specific categories, such as travel, shopping, or dining.
- Credit Limit: Review the credit limit offered by the card to ensure it meets your financial needs. Avoid applying for cards with excessive limits if you are concerned about managing debt, as this can lead to higher interest charges.
- Repayment Terms: Understand the repayment structure, including the minimum payment amount, payment due dates, and any associated penalties. Being clear about these terms can help you manage payments effectively and avoid interest buildup.
- Card Type and Features: Choose a card type that matches your specific needs—whether standard, premium, or specialized cards like those offering travel rewards or dining privileges. Ensure the features of the card align with your lifestyle and spending habits.
- Bank’s Reputation: Opt for a financial institution with a proven reputation for customer service and transparency. Consider researching customer reviews and assessing their support channels to ensure reliable service.
- Hidden Charges: Be aware of any hidden fees, including annual fees, balance transfer charges, foreign transaction fees, or cash withdrawal charges. These can add up over time and affect the overall cost-effectiveness of the card.
- Credit Utilization: Maintain a balance within your credit limit to avoid high credit utilization ratios, which can negatively impact your credit score. Responsible use of credit is essential for maintaining financial health.
- Long-Term Financial Plans: Consider how the credit card fits into your overall financial strategy. Avoid accumulating unnecessary debt and choose a card that supports your long-term financial goals without adding financial strain.
How long are my Reward Points valid?
Reward Points remain valid for two years from the date they are earned. For instance, points earned in June 2023 will expire in June 2025.
What is the fuel surcharge waiver limit on this card?
You can get a fuel surcharge waiver of up to Rs. 500 per month.
Can I track my credit card application status?
Yes, you can check your application status online using your 16-digit application number, mobile number, and date of birth.
Does the purchase protection cover all items worth Rs. 5,000 or more?
No, it does not cover items like combustible goods, motor vehicles, jewelry, bonds, and important documents.
Is there a cap on earning Reward Points?
Yes, for insurance transactions, the maximum Reward Points you can earn is 2,000 per transaction.
How can I apply for the HDFC Bank All Miles Credit Card?
You can submit your application by clicking on the "Apply Now" button.
How can I waive the joining or renewal fee?
Spend Rs. 15,000 within 90 days to waive the joining fee. To waive the renewal fee, spend Rs. 1 lakh in a year.
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