InterMiles HDFC Bank Platinum Credit Card
MyRupaya Ratings
Product Details
Credit Card Name :
InterMiles HDFC Bank Platinum Credit Card
Bank Name :
HDFC Bank
Type :
Travel Credit Card
Interest Rate :
3.60% p.m. 43.20% p.a.
Eligibility :
For Salaried Indian national
Age: Min 21 years & Max 60 Years,
Net Monthly Income> Rs 30,000
For Self Employed Indian national
Age: Min 21 years & Max 65 Years
Income: ITR > Rs 6 Lakhs per annum
Pros
1. Welcome Benefits- Customers can avail up to 3,000 Bonus InterMiles 1,500 InterMiles upon spending Rs. 3,000 with in first 30 days of card set up** 1,500 InterMiles on total retail spends of Rs.50,000 and above, within first 90 days.
2. Customers can also avail 5% discount* on Etihad Airways Economy class tickets
3.Lounge programs provided are - Domestic Lounge Program, VISA Lounge Program- Avail 8 complimentary visits Per Year (2 per quarter). MasterCard Lounge Program- Avail 8 complimentary visits (2 per quarter ).
4. Fuel Surcharge waiver available.
5. Zero liability on lost Card
6. Lowest Revolving Credit
7. Dining Benefits- Save up to 20% on dining bills paid.
Cons
Lower InterMiles earning rate on domestic transactions: Compared to some other travel cards, the InterMiles earning rate on domestic transactions is lower.
Not ideal for non-travelers: If you don't travel frequently, you may not get the full value out of this card's benefits.
Reward redemption complexity: Redeeming InterMiles can be slightly complex, as you need to transfer them to specific airline or hotel loyalty programs before using them.
Pros & Cons
Welcome Benefits
Customers can avail up to 3,000 Bonus InterMiles 1,500 InterMiles upon spending Rs. 3,000 with in first 30 days of card set up 1,500 InterMiles on total retail spends of Rs.50,000 and above, within first 90 days
Rewards System
Flights: 1 reward point = 1 InterMiles
Hotels: 1 reward point = 0.8
InterMiles Shopping: 1 reward point = 0.7
InterMiles Gift cards: 1 reward point = 0.6
InterMiles Other redemption options: The value of 1 reward point may vary depending on the redemption option.
Effective Cashback rate= 1%
International Forex Markup
IFM- Bank Charges Cross currency mark-up of 3.5%
Welcome Benefits and Reward System
Special Features
Get a Rs. 2,000 Yatra voucher upon accumulating international spends of Rs. 1,50,000 in a year.
Eligibility Criteria
For Salaried Indian national
Age: Min 21 years & Max 60 Years,
Net Monthly Income> Rs 30,000
For Self Employed Indian national
Age: Min 21 years & Max 65 Years
Income: ITR > Rs 6 Lakhs per annum
Benefits
Milestone Benefit: Get a Rs. 2,000 Yatra voucher upon accumulating international spends of Rs. 1,50,000 in a year.
Cashback Benefit: Get 1% cashback on all international transactions (upto Rs. 1,50,000/- per year) with a maximum cashback of Rs. 1,000/- per statement cycle.
Up to 2 complimentary domestic lounge accesses per calendar quarter: Relax and enjoy amenities at airport lounges through the Visa Lounge Program.
Travel Insurance: Get complimentary travel insurance with a coverage of Rs. 2 lakh.
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 "InterMiles HDFC Bank Platinum 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:-
Change the text to include your own content. Adjust the font, size or scale to customize the style.
Cons:-
1. Welcome Benefits- Customers can avail up to 3,000 Bonus InterMiles 1,500 InterMiles upon spending Rs. 3,000 with in first 30 days of card set up** 1,500 InterMiles on total retail spends of Rs.50,000 and above, within first 90 days.
2. Customers can also avail 5% discount* on Etihad Airways Economy class tickets
3.Lounge programs provided are - Domestic Lounge Program, VISA Lounge Program- Avail 8 complimentary visits Per Year (2 per quarter). MasterCard Lounge Program- Avail 8 complimentary visits (2 per quarter ).
4. Fuel Surcharge waiver available.
5. Zero liability on lost Card
6. Lowest Revolving Credit
7. Dining Benefits- Save up to 20% on dining bills paid.
Lower InterMiles earning rate on domestic transactions: Compared to some other travel cards, the InterMiles earning rate on domestic transactions is lower.
Not ideal for non-travelers: If you don't travel frequently, you may not get the full value out of this card's benefits.
Reward redemption complexity: Redeeming InterMiles can be slightly complex, as you need to transfer them to specific airline or hotel loyalty programs before using them.
HDFC Bank Biz Power Credit Card
The card is a premium credit card with a number of value add features. This card offers cashback on even tax and GST payment. Overall it is a must have card for small business owners/ freelancers.
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 – Rs. 1,000/- + 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 at all fuel stations across India. (on minimum transaction of ₹400, Waiver capped at ₹250 every billing cycle.)
Billing Cycle
30 Days