How HDFC Credit Card Works ? The lives we are living are actually so much easier as we have the best way of living and buying things up according to our wish even though we don’t have the price to pay, but a promise is all it takes to buy things through the best thing called the “credit card”. How amazing it is to know what this one electronic card can do when you are broke! Having a girlfriend her demand, even your son’s or daughter’s demand how they ask you to buy some simple toys if you don’t have the cash still you have the promise to pay that later to credit cards! It like you can borrow money just to make them happy or in any situation where you are helpless!
There are lots of advantages and disadvantages in credit cards like the interest rate, the money borrowed would be slightly bigger when paying back. Of course, I know, nothing is free in this world.
How HDFC Credit Card Reward Point Works
There are many companies who provide you with different kinds credit cards at different rates of interest rates at different levels. The major classifications are silver, gold, platinum cards. But this is just a simple way to look at things. The actual classifications are “Max payers” who get 1% cash back as a reward for every transaction they make. Then there are the “Debt cyclers” who just pay slightly more of their minimum aid and the debts last for years and over time they get completely hopeless in gets charged all of their money or maybe if I put this up like the interest rates and fees paid by them is like cheese and tomato toppings for these banks industries. And then there are the least favoured on the least wanted customers who are bad for both us and the bank industries I like to call them the “Zombies”, because they don’t care about what happens, they sign up the cards to get discount on t-shirts or have fun with cards they never pay their interests and fees and their interests are always high and they are really bad for consumers and banks because they are the ones who make the interests high. And then there are the people called “No more mistakes” I call them that because they are the ones from “Debt cyclers” but after making mistakes they just have this regrets and shuts their credit card down by paying their part of interest, either they never use that card again or just cancels their cards, they are trigged highly by bank industries by giving them baits of different kinds but no use.
In these credit card industries, there is a major name called HDFC bank, they provide you with different HDFC credit cards of different types. Like “regular cards”, this card is the most popular among all, used on all things shopping, buying, recharge and much more. Then there are Professional cards, Premium cards, Super premium, Featured cards, Co-brand, Cash back and Commercial cards.
In all these cards the users are provided with reward points from every transaction they make, remember reward points can vary from card to card, Different cards-Different reward points. The information dealing with reward points are always described in bank’s website, the reward point catalogs are always provided there.
But to know the example we can take is of the Regular card often known as the platinum plus. HDFC Platinum Plus gives you 1 reward point for every 75 rupees spent on the goods you buy. And your reward points rise 50% when done a transaction of more than 50,000 rupees.
In Professionals card we have more traveling benefits, welcome back benefits, if you take the card like for doctors or teachers, you have benefits according to that. The reward points can vary to 1 point for every 75₹ spent or 1 point for every 50₹ spent, with other benefits.
In Premium cards have different categories including, Diners club, Diners rewards etc. they give you access to premium places like lounges and all, their reward points go from 1 point for every 37.5₹ to 1 point for every 75₹ spent. We can say that this premium card is more based on different access and classes or other benefits rather than the reward points.
In Super premium, the reward point can go up to 1point for every 30₹ spent! This card gives lots and lots of other benefits regarding travel shopping gift vouchers and much more.
In Featured cards this cards categories are vivid as this card has sections for differing types of people if you are frequent traveller or you are a businessman and flies a lot to other cities countries, then they have Jet card, which provides you reward points for every 6 miles you travel in air 10kg luggage relief and much more. Platinum time’s card of this section provides you with off for movies dinners and much more. The co-brand is as same as Featured cards but in a higher level.
Cash back card provides you with cash back on the transaction you make the reward points and % of cash back varies in many terms.
Commercial cards give you benefits of all kinds, gives you 1% cash back on every transaction, with access to different lounges, traveling classes etc.
Most of us are from the first categories, The Regular Users, our concerns are mostly about how we can use the reward points or how can we redeem this reward points. Its very simple goes to ur banking status on the internet, then choose the number of points you need to redeem and it’s done. Then for the usage, many banks provide their catalogs that we can select like by 300 points we can buy a pack of socks if we want to.
The table of reward points get higher, on every transaction you make, the reward points you get is always according to your card status or its type.
The uses of these reward points are many, make sure you use them usefully or wait you’re your points to get even higher and buy the thing you always wanted to.
so this all about How HDFC Credit Card Reward Point Works if you have any query related to this post then you can ask in comment box.