Key features of HDFC Bank's freedom credit card up to 50 days of interest-free period

If you're considering applying for the HDFC Bank Freedom Credit Card, it's essential to understand its key features. Here’s a detailed overview:

Rewards Program:

Earn 10X cashpoints on transactions with select merchants such as Big Basket, BookMyShow, OYO, Swiggy, and Uber.

For other spends, excluding fuel and wallet loads, earn one cashpoint for every ₹150 spent. Note that grocery transactions will have a cap of 1,000 reward points per month starting from January 1, 2023.

Dining Discounts:

Get a 20% discount on partner restaurants through Swiggy Dineout.

Enjoy dining benefits with the Good Food Trail program.

Membership Fee:

The annual joining fee is ₹500 plus applicable taxes.

Spend ₹50,000 or more in a year before your card's renewal date to get the renewal fee waived off.

Zero Lost Card Liability:

Report a lost card immediately to the 24-hour call center (022-61606160 for international customers) to ensure zero liability on any fraudulent transactions.

Interest-Free Credit Period:

Avail up to 50 days of interest-free period from the date of purchase, subject to merchant charge submissions.

Revolving Credit:

Benefit from revolving credit at a nominal interest rate.

Eligibility Criteria:

Age: 21 to 60 years for both salaried and self-employed individuals.

Minimum net monthly income: ₹12,000 for salaried individuals.

For self-employed individuals, income tax return (ITR) should be above ₹6 lakh.

By understanding these features, you can make an informed decision about whether the HDFC Bank Freedom Credit Card meets your financial needs and lifestyle preferences.