Swiggy HDFC Bank Credit Card
HDFC Bank is the leading credit card issuer in India, offering a wide range of cards for different needs, including travel, shopping, fuel, and more. To provide customers with the best benefits, HDFC also offers a variety of co-branded credit cards, including the new exclusive Swiggy HDFC Bank credit card.
This is the first time Swiggy has teamed up with a bank for a credit card. The card comes with a joining fee of ₹500 plus taxes. If you frequently order food from Swiggy, this card can help you save up to ₹42,000 per year. You’ll earn 10% cashback on all Swiggy purchases, including Dineout and Instamart. As a welcome benefit, you also get a complimentary 3-month Swiggy One membership.
Continue reading to find out more about the Swiggy HDFC Bank credit card, its features, fees, and other details.
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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