Shoppers Stop HDFC Bank Credit Card
The Shoppers Stop HDFC Bank Credit Card is a good option if you often shop at Shoppers Stop. When you get the card, you receive a free First Citizen membership and a ₹500 voucher as a welcome gift. You earn reward points when you shop & 6 points for every ₹100 spent on Shoppers Stop’s private label brands (up to 500 points per month) and 2 points for other Shoppers Stop brand purchases. You can use these points at Shoppers Stop stores or on their website.
Even though the card has a joining fee now, the benefits can easily make up for it. You get a 1% fuel surcharge waiver when you use the card to buy fuel anywhere in India. It also allows quick contactless payments for purchases up to ₹5,000. There’s no annual fee, and it’s available to both salaried and self-employed people. Overall, it’s a simple and rewarding card for regular Shoppers Stop customers.
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.
What are Shoppers Stop First Citizen Points?
Shoppers Stop First Citizen Points are special rewards offered to holders of the Shoppers Stop HDFC Bank Credit Card. Points are earned on online purchases in categories like Fashion & Beauty.
How many points can I earn per month?
You will earn 6 First Citizen Points for every purchase made on Shoppers Stop's private label brands, with a monthly limit of 500 points.
What is the cash processing fee for the credit card?
The cash processing fee is Rs.100.
Does the credit card offer any milestone rewards?
Yes, when you spend Rs.2 lakh in a year, you’ll receive 2,000 First Citizen Points.
How long are Shoppers Stop First Citizen Points valid?
These points are valid for a period of 2 years.
Can I use the points I earn from online shopping?
Yes, you can redeem the points you earn on the Shoppers Stop HDFC Bank Credit Card for online purchases.
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