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Freedom Credit Card

Product Details
Credit Card Name : 

Freedom Credit Card

Bank Name :

HDFC Bank

Type :

Shopping Credit Card

Interest Rate : 

3.60% p.m. 43.20% p.a.

Eligibility :

Salaried
Indian nationality. Age: Min 21 yrs. & Max 60 Yrs.,
Income: Gross Monthly Income> ₹12,000

Self Employed
Indian nationality. Age: Min 21 yrs. & Max 65 Yrs.
Income: ITR > ₹6.0 Lakhs per annum

Freedom Credit Card
Pros
  • With this Card customers can get upto 10X CashPoints on Big Basket, BookMyshow, OYO, Swiggy & Uber, and 5X CashPoints on EMI spends at various merchants. 

  • The Crad comes with lower interest rate of 0.99% on for first 90 days on non-EMI spends from card issuance date. 

  • Card also provides zero lost Card liability, and a revolving credit facility.

  • Customers can avail of Dining Privileges and get up to 20 % savings on all restaurant bill payments via Swiggy Dineout. 

  • The card provides 1 CashPoint for every Rs.150  on other spends ( Excluding fuel, Wallet / Prepaid Card loads or Voucher Purchases )

  • Customers also receive a Welcome benefit of 500 Cashpoints on payment of membership fees. 

Cons
  • No lounge access facility available.

Pros & Cons
Welcome Benefits
  • 500 CashPoints (applicable only on payment of membership fee)

Rewards System
  • 1 CashPoint = Re. 0.15 for redemption against product catalog, SmartBuy, and cashback. 

  • 1 RP Equivalent to Product Catalog- 0.15 Unified SmartBuy (Flights/Hotels)- 0.15 

  • Cash back- 0.15 Airmiles- 0.15  

  • 1RP on every INR 100 Spent.

International Forex Markup

IFM- 3.5%

Welcome Benefits and Reward System
Special Features

None 

Eligibility Criteria

Salaried
Indian nationality. Age: Min 21 yrs. & Max 60 Yrs.,
Income: Gross Monthly Income> ₹12,000

Self Employed
Indian nationality. Age: Min 21 yrs. & Max 65 Yrs.
Income: ITR > ₹6.0 Lakhs per annum

Benefits


  • 10X CashPoints on Big Basket, BookMyshow, OYO, Swiggy & Uber  

  • 5X CashPoints on EMI spends at merchant locations

  • Dining Privileges- Get up to 20 % savings on all restaurant bill payments via Swiggy Dineout. 

Speical Feature, Eligibility and Benefits
How to apply for Credit Card?
  • Go to the HDFC Bank website. Click on the "Credit Cards" tab. 

  • Click on the "Apply for a Credit Card" button. 

  • Select the "Freedom Credit Card" from the list of cards. 

  • Enter your personal information, such as your name, address, and income. 

  • Enter your PAN number and credit score. 

  • Click on the "Submit" button. 

  • A HDFC Bank representative will contact you to verify your details and complete the application process.

Contact Details

1800 202 6161 or 1860 267 6161,
send an SMS to 730 8080 808, or
even use WhatsApp to send a message to 707 0022 222.

Account Opening and Procedure
HDFC Bank Freedom Credit Card

The Freedom Credit Card by HDFC Bank is a good pick for first-time cardholders. However, it provides very limited benefits to the users. If you love going out for movies or dine-outs, the Freedom Card would be a good choice as it earns you accelerated Reward Points on movies and exciting discounts on dining spends. But it does not provide any travel benefits like lounge access, and insurance benefits.

Abhijeet Saxena

Abhijeet Saxena

Abhijeet Saxena

Nalsar University of Law

Ex- Senior Associate, Shardul Amarchand Mangaldas, Delhi

Ex - Khaitan & Co. Bengaluru,

Ex - National Stock Exchange, Mumbai,

Ex - Argus Partners, Mumbai

Product Review
Fees & Charges
  • Joining/Renewal Membership Fee – ₹500/- + Applicable Taxes 

  • Cash advance fee: 2.5% or ₹ 500 whichever is higher.  

  • Interest Rates: 3.60% p.m. 43.20% p.a.  

  • Late Payment Charges: Less than ₹100 = Nil ₹100 to ₹500 = ₹100/- ₹501 to ₹5,000 = ₹500/- ₹5,001 to ₹10,000 = ₹600/- ₹10,001 to ₹25,000 = ₹800/- ₹25,001 to ₹50,000 = ₹1100/- More than ₹50,000 = ₹1300/- 

  • Foreign Currency Transactions Fees: 3.5%.   

  • Reward Redemption Fees: Rs. 99/-

Fuel Surcharge
  • 1% Fuel Surcharge waiver on fuel transactions (Minimum transaction of ₹400, Maximum transaction of ₹5,000 & Maximum waiver of ₹250 per statement cycle)

Billing Cycle

30 Days

Fees & Charges
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