HDFC has a long track record of launching unique credit cards in India. Innovation in credit card space has been forte of HDFC. HDFC Pixel Go Credit Card is continuation of HDFC's innovation legacy. In this detailed unbiased reviewHDFits features, pros and cons, fees, and more in detail.
Discovering the HDFC Pixel Go Credit Card
HDFC claims that HDFC Pixel Go Credit Card is India's first virtual credit card. Multiple credit card companies have launched a virtual version of their existing physical credit cards in past. However, in case of Pixel Go no physical credit card is issued, only digital version of the credit card is issued. Hence HDFC's claim may be accurate that it is the first virtual credit card in India.
Benefits of HDFC Pixel Go Credit Card
1. Attractive Reward Program
The HDFC Pixel Go Credit Card shines with its rewards structure. Cardholders earn 1% unlimited cash back on all standard transactions. Certain transactions like fuel, tax payments, government-related transactions, etc., are excluded from this. Additionally, 5% cashback (upto 500 points) is available for transactions undertaken through HDFC's Smart Buy App.
2. Welcome Benefits
Joining fee is waived for the user on spending INR 10,000 within the first 90 days by the credit card holder.
3. Dining Benefits
Users can get upto 25% off on eating out through Swiggy Dineout. Users can check the associated restaurants through Swiggy. All they need to avail the discount is to pay the bill through the Swiggy App.
Drawbacks Associated With HDFC Pixel Go Credit Card
1. Low Cashback Rate
Compared to other credit cards, 1% general cashback rate is a relatively low reward rate. Frequent spenders might find better deals elsewhere.
2. Limited Perks
This card lacks features like travel insurance, airport lounge access, or reward points multiplication on specific categories. Overall the card scores low on perks and value add features.
3. Dependence on PayZapp App
Since the card is a completely virtual credit card, some users may feel inconvenient. Especially the users who are in their thirties.
Eligibility
The HDFC Pixel Go Credit Card has a low eligibility threshold.
For Salaried: Age: Min 21 yrs & Max 60 Yrs. Income: Gross Monthly Income > ₹8,000.
For Self Employed. Age: Min 21 yrs & Max 65 Yrs. Income: ITR > ₹6.0 Lakhs per annum
Fees and Charges Breakdown
Understanding the charges associated with the HDFC Pixel Go Credit Card is essential for informed financial decisions. Here’s a quick summary of the main charges:
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%
For anyone looking to apply, being aware of these fees helps in maximizing the benefits of the card while managing costs.
Final Thoughts on the HDFC Pixel Go Credit Card
The HDFC Pixel Go Credit Card is a decent credit card for first-time credit card users and freshers and for individuals with low salary because of its low eligibility threshold. However, for any other class of individuals there are many better options available.
Potential cardholders should carefully evaluate the associated fees, reward redemption limitations, and availability requirements. A thoughtful assessment of personal spending patterns will help determine if this card matches individual financial goals.
Read the detailed review of the credit card and our rating here.
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