HDFC Bank Freedom Credit Card
The HDFC Bank Freedom Credit Card is a basic card made for people who are new to using credit cards. It has a yearly fee of ₹500, but if you spend ₹50,000 in a year, the fee is removed. You earn 1 CashPoint for every ₹150 you spend, and you get extra 10X CashPoints when you use the card on popular apps like Swiggy, BookMyShow, Uber, BigBasket, and OYO. These rewards are useful for everyday things like food, groceries, travel, and movies. You can use your points for cashback, flight and hotel bookings on HDFC’s SmartBuy site, air miles, or shopping from the rewards catalogue. But each point is worth only ₹0.15, which is lower than what some other cards offer.
Even though this card is easy to get and gives good rewards on some brands, its benefits were reduced in September 2024, so it may not be the best option now. Cards like SBI SimplyCLICK and HDFC MoneyBack+ offer more value for the same fee. Still, if you spend a lot on brands like Swiggy or BigBasket, this card can be helpful. It also gives you extra discounts on Swiggy Dineout and some restaurants. Overall, it’s a simple card with fewer benefits, but it’s a good choice for beginners looking for a low-fee credit card.
Rewards and Benefits
Fees & Charges
Can I make the card free for a lifetime?
No, it’s not a lifetime-free card. Every year, you have to pay ₹500 unless you spend ₹50,000 or more within that year. So, the card can be free each year, but only if you reach the spending condition.
What is the HDFC Freedom credit card limit?
HDFC Bank increases your credit limit based on how you use and repay your card.
What is the Freedom 10X CashPoints feature?
With the Freedom 10X feature, you can earn 10 times the cash points when you spend on BigBasket, BookMyShow, OYO, Swiggy, and Uber.
Can I get an extra card with the Freedom card?
Yes, you can apply for an extra card for family members like parents, spouse, children, or siblings. Those under 18 can’t apply for add-on cards.
Is the HDFC Freedom credit card free?
No, there’s an annual fee of Rs. 500. But if you spend over Rs. 50,000 in a year, the fee for the next year will be waived.
Is the HDFC Freedom Credit Card secure to use?
Yes, it’s secure. The card comes with an inbuilt chip technology that helps prevent any copying or tampering. When you shop at stores, you just need to insert (dip) your card at chip-enabled machines, which makes the transaction safer. At places without chip machines, you can swipe the card as usual.
How much interest does HDFC Bank charge on this card?
HDFC Bank charges 3.75% interest per month on the Freedom Credit Card.
Can I get an add-on (extra) card for my family?
Yes, you can. HDFC allows you to apply for a supplementary card for your parents, spouse, children, or siblings. The only condition is that children or siblings must be over 18 years of age.
What is the credit limit of the HDFC Freedom Card?
The credit limit is decided by the bank. It depends on several things like your credit score, how much credit you usually use, and your past repayment history. HDFC checks all these before assigning a limit.
Leave a Reply