Unbiased Review Of HDFC Pixel Go Credit Card
- Abhijeet Saxena
- Oct 15, 2024
- 3 min read
Updated: Jan 5
HDFC has an extensive history of introducing exclusive credit cards in India. HDFC has been strong in innovation in the credit card space. HDFC Pixel Go Credit Card is the extension of the innovation culture at HDFC. This is a comprehensive, unbiased analysis. HDFits has advantages and disadvantages, costs and so on.
Discovering the HDFC Pixel Go Credit Card
HDFC boasts that the HDFC Pixel Go Credit Card is the first virtual credit card in India. Several credit card companies have already introduced virtual counterparts of their existing physical credit cards in the past. No physical credit card is, however, issued in case of Pixel Go, but a digital version of the credit card is issued. Therefore, HDFC might be right in saying that it is the first Indian virtual credit card.
Benefits of HDFC Pixel Go Credit Card
1. Attractive Reward Program
The HDFC Pixel Go Credit Card is bright with its rewards framework. The unlimited cash back is 1% on every standard transaction made by the cardholders. Some of these transactions, such as fuel, tax payments, transactions related to government, etc., are not included in this. Moreover, 5 per cent cashback (up to 500 points) will be offered to transactions completed using the HDFC Smart Buy App.
2. Welcome Benefits
The credit card holder is exempted the joining fee provided that he/she spends INR 10,000 within the initial 90 days.
3. Dining Benefits
Swiggy Dineout offers users upto 25% off their meal taken out. Swiggy can allow users to verify the restaurants around them. All they are required to do to claim the discount is to pay the bill using the Swiggy App.
Drawbacks Associated With HDFC Pixel Go Credit Card
1. Low Cashback Rate
The 1% general cashback rate is not a high rate of reward compared to other credit cards. More frequent customers can get more discounts elsewhere.
2. Limited Perks
This card does not have such features as travel insurance, access to airport lounges, or multiplying the reward points to particular categories. The card has a total score of low in perks and value-added features.
3. Dependence on PayZapp App
This is because the card is a fully virtual credit card, and some users might feel inconvenienced. Particularly, the users who are in their thirties.
Eligibility
The eligibility threshold of the HDFC Pixel Go Credit Card is low.
In case of Salaried: Age: Between 21 and 60 years old. Income: Gross Monthly Income Higher than [?]8,000.
For Self-Employed. Age: Min 21 yrs & Max 65 Yrs. Income: ITR >[?]6.0 Lakhs per annum.
Fees and Charges Breakdown
It is necessary to know what charges are linked to utilising the HDFC Pixel Go Credit Card in order to make the right financial choice. These are the key accusations in a nutshell:
Joining Fees: INR 250
Interest Rate: 3.6% per month (i.e., 43.2% per annum)
Cash Advance Charges: 2.5% or ₹500, whichever is higher.
Late Payment Charges: Ranges from INR 0 to INR 1300.
Foreign Currency Mark-up Fees: 3.5%
To any prospective applicant, it is important to note these fees so as to maximise the gains of the card with manageable expenses.
Conclusions about the HDFC Pixel Go Credit Card
The HDFC Pixel Go credit card is a good credit card to first time credit card holders, freshers and those with low salaries due to its low eligibility requirement. But in the case of any other type of persons there are numerous superior alternatives.
The associated fees, the limitations on the redemption of the rewards, and the requirements in respect of the availability are to be properly considered by potential cardholders. Considerable examination of individual expenditure will assist in establishing whether such a card aligns with individual finances.
Read the detailed review of the credit card and our rating here.
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