HDFC Bharat Credit Card - Review - ChargePlate

As per SBI's chairman, Rajnish Kumar, there are about 90 crore debit cards and 3 crore credit cards in the country as on August 2019. Huge isn't?

With ever-increasing digital payments, banks are focusing on providing more and more perks on digital instruments like wallets, debit cards, etc. However, out of all other payment instruments, credit cards still remain inaccessible to the majority of the population. The apparent reason being the credit leverage it carries. With that in mind, banks are becoming more lenient in providing basic entry-level credit cards with mostly lower credit limits such as SBI's Unnati Credit Card, ICICI's Platinum Credit Card, etc. One such card is HDFC's Bharat Credit Card.

HDFC Bharat Credit Card offers:

⦁ Cashbacks on multiple platforms

⋙ Category 1
- 5% CashBack on Fuel Spends
- 5% CashBack on Grocery Spends
- 5% CashBack on all Bill pay and recharges done using the Bharat card
- 5% CashBack on rail bookings through IRCTC website or mobile app

⋙ Category 2
- 5% CashBack on all EasyEMI transactions
- 5% CashBack on all SmartBUY transactions
- 5% CashBack on all Payzapp purchases except wallet loading transactions

Spoiler Alert - Maximum cashback per month for categories 1 Rs 150 (combined); similarly, maximum cashback per month for categories 2 is also Rs 150 (combined).

Please note that cashBack will be retained as points and can be redeemed as cashback on customer request. (1RP = Re.1)

⦁ Fuel Surcharge waiver

- Get 1% fuel surcharge waived off on fuel transactions

- Applicable on a minimum purchase of INR 400

- A maximum cashback of INR 250 per statement cycle

⦁ Zero card lost liability

- If you lose your card, report it immediately to HDFC's 24-hour call center. After reporting the loss, you have a zero obligation on any fraudulent transactions made on your card

Joining Fee - Rs. 500/- + Applicable Taxes

(Waived on spends of Rs. 50,000 in a year)

Annual Fee - Rs. 500/- + Applicable Taxes

(Waived on spends of Rs. 50,000 in a year)

Please note that W.E.F 15th Feb’19, the spend conditions have been revised from Rs. 20,000 in a year to Rs. 50,000 in a year to avail the benefit of next year annual fee waiver.

HDFC Bharat credit card is an elementary credit card, yet it is loaded with the benefits that can save you up to Rs 3,600 each year. Rs 3,000 in the form of cashback (refer illustration below) and others including fuel surcharge & annual fee waiver.