Freedom Credit Card
Rewards & Benefits
Welcome Benefits
500 CashPoints (applicable only on payment of membership fee).
Milestone Benefits
Cashback Rate
Users will get 1 reward point for every INR 100 spent.
1 CashPoint = Rs. 0.15 for redemption against product catalogue, SmartBuy, and cashback. Effective cashback rate: 0.15%.
1 RP for product catalogue 0.15. Effective cashback rate: 0.15%.
For unified SmartBuy (Flights/Hotels), the effective cashback rate is 0.15%.
Cashback on AirMiles is 0.15%.
10X CashPoints on Big Basket, BookMyshow, OYO, Swiggy & 5X CashPoints on EMI spends at merchant locations Dining Privileges of up to 20% on all restaurant bill payments via Swiggy Dineout.
Movie Benefits
Dining Benefits
Other Benefits
Uber The card comes with lower interest rate of 0.99% for the first 90 days on non-EMI spendings from card issuance date.; This card also provides zero lost Card liability and a revolving credit facility.
Lounge Access
Fees & Charges
Joining Fee
Annual Fee
Cash Advance Fee
Cash advance fee: 2.5% or ₹ 500 whichever is higher.
Interest rate
3.60% p.m. 43.20% p.a.
Late Payment Fee
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 Fee
Foreign Currency Transactions Fees: 3.5%.
Other Fees
Joining/Renewal Membership Fee – ₹500/- + Applicable Taxes | Reward Redemption Fees: Rs. 99/-
Cons
No lounge access facility available.
Welcome Benefit: Users will receive 500 CashPoints (applicable only on payment of membership fee).
Reward System: Users will get 1 reward point for every INR 100 spent. 1 CashPoint = Rs. 0.15 for redemption against product catalogue, SmartBuy, and cashback. Effective cashback rate: 0.15%. 1 RP for product catalogue 0.15. Effective cashback rate: 0.15%. For unified SmartBuy (Flights/Hotels), the effective cashback rate is 0.15%. Cashback on AirMiles is 0.15%.
Customers can get upto 10X CashPoints on Big Basket, BookMyshow, OYO, Swiggy & Uber, and 5X CashPoints on EMI spends at various merchants.
The card comes with lower interest rate of 0.99% for the first 90 days on non-EMI spendings from card issuance date.
This 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.
Rewards & Benifits
Welcome Benefits
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Rewards System
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International Forex Markup
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Welcome Benefits and Reward System
Special Features
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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
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
Recommended Credit Cards
Pros:-
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Cons:-
Welcome Benefit: Users will receive 500 CashPoints (applicable only on payment of membership fee).
Reward System: Users will get 1 reward point for every INR 100 spent. 1 CashPoint = Rs. 0.15 for redemption against product catalogue, SmartBuy, and cashback. Effective cashback rate: 0.15%. 1 RP for product catalogue 0.15. Effective cashback rate: 0.15%. For unified SmartBuy (Flights/Hotels), the effective cashback rate is 0.15%. Cashback on AirMiles is 0.15%.
Customers can get upto 10X CashPoints on Big Basket, BookMyshow, OYO, Swiggy & Uber, and 5X CashPoints on EMI spends at various merchants.
The card comes with lower interest rate of 0.99% for the first 90 days on non-EMI spendings from card issuance date.
This 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.
No lounge access facility available.
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.
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
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
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Fuel Surcharge
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Billing Cycle
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