Lifestyle Credit Card: Indulge in Rewarding Experiences

Apply for Lifestyle Credit Cards

*Fees & charges are subject to change.

Eligibility Criteria to Apply for Lifestyle Credit Cards

The eligibility criteria can vary across Credit Cards. Here’s a general criterion:

• Age: Minimum 21 & maximum 65
  
• Nationality: Indian
  
• Employment status: Either self-employed or salaried individuals
  
  

For certain Credit Cards, such as HDFC Bank’s Millennia Credit Card – patrons can apply till the age of 40. You also need to fulfil the minimum income criteria to be eligible for the card. Each card has a different income criterion which you can check online on the bank’s website.

Features and Benefits of Lifestyle Credit Cards

• Welcome benefits: Upon signing up for a new lifestyle Credit Card you will likely receive welcome benefits in the form of vouchers, exclusive club memberships, and more.
  
  
• Reward points: The more you spend using your lifestyle Credit Card, the more reward points you can earn. These reward points can be redeemed in different ways depending on the card and other factors.
  
  
• Discounts: With certain lifestyle Credit Cards, you get flat discounts at select merchants; you may be able to earn additional discounts based on the reward system of your card.
  
  
• Fuel surcharge waiver: Some of the best lifestyle Credit Cards offer fuel surcharge waiver on fuel purchases.
  
  
  

Documents Required

Since you can apply for most HDFC Bank Credit Cards online, you’ll need to submit scanned copies of your ID, address and income proof. General documents include Aadhaar, PAN, valid passport, driver’s license, voter ID, bank statements, salary slips, etc.

Things to Keep in Mind When You Choose a Lifestyle Credit Card

• Each card variant will have different rewards system, some may offer reward points while others may offer cashback.
  
  
• Late payment charges shall be applicable if you don’t pay the Credit Card bill on time. This can impact your credit score.
  
  
• Interest will be applicable on outstanding balances and cash withdrawals.
  
  
• Ensure you borrow what you can repay.
  
  
• Welcome benefits may be provided only after you pay the joining fee or spend a specific amount in a specific duration. Check the associated terms and conditions.
  
  
• Your requirements are the most important factor in choosing a perfect Credit Card. If the rewards and benefits of a lifestyle Credit Card align with your interests or potential future spends, it is worth considering.

FAQs 

What are lifestyle Credit Cards?

A lifestyle Credit Card is a type of Credit Card that offers exclusive rewards and offers on lifestyle-related spends. The card offers special rewards when you spend a certain specific amount using the card, quarterly or annually. You may also enjoy travel perks like flight vouchers and airport lounge access.

How to apply for lifestyle Credit Card?

Go to the issuing bank’s website (HDFC Bank, for example), choose your preferred lifestyle Credit Card and apply online or visit the nearest branch.

Are lifestyle Credit Cards lifetime free?

Note that banks typically charge a Credit Card annual fee. However, they may give you the benefit of renewal fee waiver based on the volume of transactions done in a financial year.

Are lifestyle cards worth getting?

If you often engage in expenses related to entertainment, clothes, nightlife, and more, you should consider getting a lifestyle Credit Card to make the most of your expenses.

What is the difference between a lifestyle Credit Card and a Credit Card?
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A lifestyle Credit Card is simply a type of Credit Card. Its benefits and rewards are focused on expenses done at restaurants, movies, events, online shopping, etc. A standard Credit Card may come with basic features like interest-free period, basic rewards on spends.