Shoppers Stop HDFC Bank Credit Card
Gaurav
The Shoppers Stop HDFC Bank Credit Card is a great option for people who enjoy shopping at Shoppers Stop and keeping up with fashion trends. It comes with a free Shoppers Stop Membership for those who get the card. This card offers good rewards when you shop at Shoppers Stop, allowing you to earn reward points that can be used for future purchases at the store.
Previously, the card was free for life, but now it comes with a joining fee.
Rewards and Benefits
Movie & Dining
N/A
Domestic Lounge Access
N/A
Rewards Rate
Earn 3% Reward Points on every Shoppers Stop spend and 1 % Reward Points on Non-Shoppers Stop Spends
Golf
N/A
Travel
N/A
Insurance Benefits
N/A
International Lounge Access
N/A
Reward Redemption
You can use the points for purchases at Shoppers Stop stores or on their website.
Fees & Charges
Interest Rates
3.6% per month or 43.2% per annum
Spend-Based Waiver
N/A
Rewards Redemption Fee
N/A
Cash Advance Charges
2.5 % of the transaction amount subject to a minimum charge of Rs 500.
Foreign Currency Markup
3.50 +GST
Fuel Surcharge
1% fuel surcharge waiver of upto ₹250 per statement cycle, across all fuel stations in India (on minimum transaction of ₹400 & maximum transaction of ₹5,000. Maximum waiver of ₹250 per statement cycle)
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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