Marriott Bonvoy HDFC Bank Credit Card
Gaurav
The Marriott Bonvoy HDFC Bank credit card is the first hotel credit card of its kind in India. It has a joining and annual fee of Rs. 3000 plus taxes. The card offers several benefits, especially for frequent Marriott customers. Marriott has over 30 hotel brands worldwide, and the card gives you Silver Elite status, which includes discounts on hotel stays, free stays, dining offers, and more.
As a welcome gift, you get a Free Award Night, valid for one year, and can earn 3 more free nights by meeting certain spending targets.
The card also allows you to earn up to 8 reward points for every eligible purchase, offers free lounge access, free golf rounds, and various insurance benefits.
Rewards and Benefits
Movie & Dining
Accelerated 4 RPs on Dining, and Entertainment
Domestic Lounge Access
12 complimentary lounge access at both domestic and international terminals
Rewards Rate
8 Marriott Bonvoy points on eligible purchases at participating Marriott hotels, 4 reward points on travel, dining, and entertainment spends, 2 reward points on other spends
Golf
2 complimentary golf course access and 2 golf lessons per quarter
Travel
Get up to 4 Free Night Awards at Marriott Bonvoy hotels
Insurance Benefits
Air accident cover, cover for delay or loss of baggage or travel documents, credit shield, and loss liability cover
International Lounge Access
12 complimentary international lounge access
Reward Redemption
Marriott Bonvoy points are credited to your membership account and you can redeem them for discounted hotel stays, dining offers, etc. at participating Marriott Hotels
Fees & Charges
Interest Rates
3.6% per month
Spend-Based Waiver
N/A
Rewards Redemption Fee
N/A
Cash Advance Charges
2.5% of the withdrawn amount or Rs. 500, whichever is higher
Foreign Currency Markup
3.50 +GST
Fuel Surcharge
1% fuel surcharge waiver on transactions between Rs. 400 to Rs. 5000
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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