For many years most Indians have preferred cash payments as a primary mode of transaction over others. However, in the recent past, with a rise in purchasing power and the realisation of the convenience Credit Card offers, there has been a paradigm shift in the attitude towards credit card usage. The usage of Credit Cards in India has seen a steady rise, with 52 million users in 2019, 57.3 million users in 2020 and 64 million users in 2021. What's more, Credit Card spends are anticipated to reach Rs 15 trillion by FY24 from Rs 6.1 trillion in FY'20.
Why use Credit Cards?
Today, more people are opting to pay with Credit Cards instead of cash because of the multiple benefits they offer. Apart from the ease and convenience of use — anytime and anywhere, here are the advantages of using a Credit Card for daily transactions.
- Offers throughout the year — Whether you are shopping or making a hotel or travel booking, HDFC Bank Credit Cards offers additional discounts, offers and CashBacksall year round.
- Insurance protection – Some Credit Cards provide a host of protection features, such as vehicle insurance, health insurance and accidental death cover.
- Rewards— Earn rewards, in the form of points or air miles every time you use your Credit Card. These accrued points and air miles can be redeemed for gift cards, merchandise or discounts on shopping, travel, etc.
- Contactless payments — HDFC Bank Contactless Credit Cards also allows you to make contactless and quick payments; tap your card against the POS (Point of Sale) device, and the payment is completed within seconds. No need to enter your PIN for transactions of upto Rs.5,000
- Insta Loan – Should you fall short of cash and need urgent funds, your HDFC Bank Credit Card can help you get a pre-approved loan against your credit limit in seconds.
In addition to the above, universal acceptance, milestone benefits, complimentary lifestyle memberships are a few other benefits of having an HDFC Bank Credit Card. Besides, you can choose a Credit Card that best suits your life stage and lifestyle.
- Student or recent graduate - The Millennia Credit Card is a super-saver card for millennials that provides Instant CashBack on every single spend.
- Early jobber - The MoneyBack Credit Card is specially designed to cater to millennial needs; CashBack on shopping sites, travel bookings and more.
- An avid traveller - The InterMiles HDFC Bank Diners Club, Signature and Platinum Credit Cards earn air miles that can be redeemed on hotel and flight bookings.
- Premium seeker - HDFC Bank Diners Club Credit Cards and HDFC Bank Infinia Credit Card come with a host of complimentary memberships and 10X Reward Points for shopping with partner brands.
- Businessperson - Additionally, with HDFC Bank Business Regalia Credit Card, HDFC Bank Business MoneyBack Credit Card and Best Price HDFC Bank Credit Card, you can enjoy business-free credit periods and Reward Points on your spends. Find the perfect HDFC Bank Credit Card for your needs by clicking here.
Get an HDFC Bank Credit Card effortlessly
As an HDFC Bank account holder, you can get your preferred Credit Card through a quick application process with minimal documentation. Here's how:
- Visit the ‘Credit Cards’ page of the HDFC Bank website
- Click on 'Sign Up' or 'Apply Now' on the Credit Card of your choice
- Log in with your customer ID and mobile number; you can even sign in with your debit card details
- Fill in your requirements and submit your application
Your application will be approved without any hassles, and you will get your Credit Card in just a few days!
Sign up for InstaAccount
You can get your HDFC Bank Credit Card quickly and easily by opening a savings account with HDFC Bank InstaAccount. Unlike, the traditional and tedious process of opening a savings account, you can now become an HDFC Bank account holder in just a few minutes via the InstaAccount App or website. This process is entirely digital, which means you will not have to visit the bank branch. Even more importantly, you can open an account straight from your smartphone or computer at any time and from anywhere. And once you become an HDFC Bank customer, getting a Credit Card is a piece of cake.
Click here to open your Savings Account now!
Looking to apply for a Credit Card? Click here to get started! Pre – approved Credit Card customers can also opt to apply by clicking here.
*Terms and conditions apply. The information provided in this article is generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. Credit Card approvals at the sole discretion of HDFC Bank limited. Credit Card approvals is subject to documentation and verification as per Banks requirement.
