IRCTC HDFC Bank Credit Card
HDFC Bank has teamed up with IRCTC to launch the HDFC IRCTC RuPay Credit Card, a co-branded travel card. This new card competes with similar cards offered by SBI Card in partnership with IRCTC. The HDFC IRCTC Credit Card has an annual and joining fee of Rs. 499, which can be waived if the required spending threshold from the previous year is met.
The card rewards users with Cash Points that can be redeemed for a variety of options. You can earn up to 5 Cash Points for every Rs. 100 spent, offering a strong rewards rate. It also provides complimentary access to railway lounges every quarter, improving your train travel experience at a low cost.
The HDFC IRCTC Credit Card comes with additional benefits. To learn more, continue reading the article.
Rewards and Benefits
Fees & Charges
What should you consider before applying for a credit card in India?
Before applying for a credit card in India, consider the following factors:
- Eligibility Criteria: Check the age, income, credit score, and employment status requirements set by the bank or financial institution.
- Credit Score: A higher credit score increases your chances of approval and may result in better offers. Ensure your credit score is in good standing.
- Interest Rates and Fees: Compare annual percentage rates (APR), processing fees, late payment penalties, and foreign transaction fees. These can vary significantly between cards.
- Rewards and Benefits: Look for cards that offer rewards, cashback, discounts, or other perks that align with your spending habits.
- Credit Limit: Make sure the credit limit offered is in line with your financial needs. Avoid over-borrowing, which can lead to high-interest charges.
- Repayment Terms: Understand the repayment options, minimum payment amount, and due dates. Consider how easily you can manage timely payments to avoid interest accumulation.
- Card Type and Features: Choose a card type (e.g., standard, premium, travel, etc.) based on your requirements. Some cards offer more benefits for specific categories like travel, shopping, or dining.
- Bank’s Reputation: Opt for a bank with a good track record of customer service and transparency. Read reviews and consider their customer support accessibility.
- Hidden Charges: Be aware of any hidden fees, such as annual fees, balance transfer charges, and cash withdrawal fees.
- Credit Utilization: Ensure you can manage your spending within the credit limit to maintain a healthy credit utilization ratio, which impacts your credit score.
- Long-Term Financial Plans: Think about how the credit card will fit into your long-term financial goals and avoid accumulating unnecessary debt.
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