Tata Neu Plus HDFC Bank Credit Card
MyRupaya Ratings
Product Details
Credit Card Name :
Tata Neu Plus HDFC Bank Credit Card
Bank Name :
HDFC Bank
Type :
Rewards Credit Card
Interest Rate :
3.75% per month i.e 45% annually
Eligibility :
For Salaried Indian national
Age: Min 21 years & Max 60 Years
Net Monthly Income > ₹25,000
For Self Employed Indian national
Age: Min 21 years & Max 65 Years
ITR > Rs 6 Lakhs per annum
Pros
Customers get various cashback offers including: 2% back as NeuCoins on Non-EMI Spends on Tata Neu and partner Tata Brands, 1% back as NeuCoins on Non-Tata Brand Spends and any Merchant EMI Spends 1% back as NeuCoins on UPI spends (including spends on partner Tata Brands) - maximum of 500 NeuCoins per calendar month.
Additional 5% back as NeuCoins on selected categories on Tata Neu App/Website, post downloading Tata Neu App.
Welcome Benefit available for Customers: Get 499 NeuCoins on Tata Neu App (as reversal of 1st Year Membership Fees), applicable on 1st Transaction done within 30 days of card issuance and will be available to claim inside Tata Neu App within 60 days of such transaction.
Customers can also avail 4 Complimentary Domestic Lounge Access per calendar year
Cons
No international airport lounge access facility available.
Low cashback rate on non-tata spends.
Pros & Cons
Welcome Benefits
Welcome Benefit available for Customers: Get 499 NeuCoins on Tata Neu App (as reversal of 1st Year Membership Fees), applicable on 1st Transaction done within 30 days of card issuance and will be available to claim inside Tata Neu App within 60 days of such transaction.
Rewards System
1 NeuCoin = ₹1, redeemable on Tata Neu App
2% cash back as NeuCoins on Non-EMI Spends on Tata Neu and partner Tata Brands.
1% cash back as NeuCoins on Non-Tata Brand Spends and any Merchant EMI Spends.
1% cash back as NeuCoins on UPI spends (including spends on partner Tata Brands) - maximum of 500 NeuCoins per calendar month.
7% cash back as NeuCoins on selected categories on Tata Neu App/Website, post downloading Tata Neu App.
International Forex Markup
Internation Forex Markup Charged is 2% on all foreign currency spends
Welcome Benefits and Reward System
Special Features
None
Eligibility Criteria
For Salaried Indian national
Age: Min 21 years & Max 60 Years
Net Monthly Income > ₹25,000
For Self Employed Indian national
Age: Min 21 years & Max 65 Years
ITR > Rs 6 Lakhs per annum
Benefits
2% back as NeuCoins on Non-EMI Spends on Tata Neu and partner Tata Brands: You will earn 2% NeuCoins on all your non-EMI spends on Tata Neu and partner Tata brands. NeuCoins can be redeemed for a variety of rewards, such as cashback, gift cards, and travel vouchers.
Welcome benefit: If you make the first transaction within 30 days from the date the card is issued, you will get 499 NeuCoins added to the Tata Neu App within 60 days.
Contactless payment: The card is enabled for contactless payments, facilitating fast, convenient, and secure payments at retail outlets.
Speical Feature, Eligibility and Benefits
How to apply for Credit Card?
Go to the Tata Neu or HDFC Bank's website and click on the "Credit Cards" tab.
Click on the "Tata Neu Plus HDFC Bank Credit Card" link.
Click on the "Apply Now" button.
Fill out the application form and submit it.
Here are the documents that you need to submit along with your application form: Proof of identity (e.g., passport, driving license, PAN card) Proof of address (e.g., bank statement, utility bill) Proof of income (e.g., salary slip, tax return)
The processing time for the application is usually 7-10 working days.
Once your application is approved, you will receive the card in the mail within 15-20 working days.
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:-
Customers get various cashback offers including: 2% back as NeuCoins on Non-EMI Spends on Tata Neu and partner Tata Brands, 1% back as NeuCoins on Non-Tata Brand Spends and any Merchant EMI Spends 1% back as NeuCoins on UPI spends (including spends on partner Tata Brands) - maximum of 500 NeuCoins per calendar month.
Additional 5% back as NeuCoins on selected categories on Tata Neu App/Website, post downloading Tata Neu App.
Welcome Benefit available for Customers: Get 499 NeuCoins on Tata Neu App (as reversal of 1st Year Membership Fees), applicable on 1st Transaction done within 30 days of card issuance and will be available to claim inside Tata Neu App within 60 days of such transaction.
Customers can also avail 4 Complimentary Domestic Lounge Access per calendar year
No international airport lounge access facility available.
Low cashback rate on non-tata spends.
Tata Neu Plus HDFC Bank Credit Card
Tata Neu HDFC Bank credit card is launched by HDFC Bank in collaboration with Tata Neu. The card offers a unique proposition by combining the benefits of the Tata Neu loyalty program with the convenience of a credit card. It caters to individuals who frequently shop within the Tata ecosystem, offering rewards and benefits across various Tata brands. However, the benefits and offers are only provided on shopping at TATA stores.
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 – ₹499/- + Applicable Taxes Spend ₹1,00,000 or more in a year, before your Credit Card renewal date and get your renewal fee waived.
Cash advance fee: 2.5% or r ₹500 whichever is higher.
Interest Rates: 3.75% p.m. 45.00% 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: 2%.
Reward Redemption Fees: Rs. 99/-
Fuel Surcharge
Fuel Surcharge: 1% Fuel Surcharge on fuel transactions. However. that is waived on fuel transactions. (on minimum transaction of ₹400 & maximum transaction of ₹5,000. Maximum waiver of ₹500 per statement cycle).
Billing Cycle
30 days