HDFC Bank All Miles Credit Card – Benefits, Fees & Eligibility

HDFC Bank All Miles Credit Card

Introduction

The HDFC Bank All Miles Credit Card is an entry-level offering from HDFC Bank designed to help customers save on various expenditures through its reward points program. It features a nominal joining fee of Rs. 1,000, which can be waived by spending Rs. 15,000 within the first 90 days. The annual renewal fee of Rs. 1,000 is also waivable upon spending Rs. 1 lakh in a year. Cardholders accumulate 3 Reward Points for every Rs. 150 spent, with accelerated earnings of 6 Reward Points for every Rs. 150 on specific categories like mobile recharge, shopping, and hotel bookings. Additionally, it provides a 1% fuel surcharge waiver, capped at Rs. 500 per month.

Welcome Benefits

• Get the first year’s membership fee waived off by spending Rs. 15,000 within the first 90 days (or 3 months) after the card set-up date.

Fees

• Joining Fee: Rs. 1,000 + GST.
• Renewal Fee: Rs. 1,000 + GST.
• Spend-Based Waiver:
  • The joining fee is waived off on spending Rs. 15,000 or more within the first 90 days after the card set-up date.
  • The renewal fee is waived off if a minimum of Rs. 1,00,000 is spent in the previous year (or anniversary year).
• Rewards Redemption Fee: Rs. 99 on every redemption request (plus applicable taxes).
• Foreign Currency Markup: 3.5% on all foreign currency spends (plus applicable taxes).
• Interest Rates:
  • Enjoy up to 50 interest-free days from the date of purchase (subject to submission of charge by the merchant).
  • Interest at the rate of 3.6% per month (or 43.2% per annum) will be charged on any outstanding amount carried beyond the bill due date.
• Fuel Surcharge:
  • 1% fuel surcharge waived off on fuel transactions.
  • Minimum transaction of INR 400.
  • Maximum waiver is capped at INR 500 per statement cycle (or per month).
• Cash Advance Charges:
  • A fee of 2.5% of the amount withdrawn, with a minimum charge of ₹ 500, is applicable on all cash withdrawals.
  • Finance charge for cash advances: 3.49% per month.

Rewards

• Accumulate 3 Reward Points for every Rs. 150 you spend on general categories.
• Get 2x Reward Points, which amounts to 6 Reward Points for every Rs. 150 spent, on specific categories including hotel bookings, mobile recharge, and shopping.
• Fuel transactions are not eligible for earning Reward Points.
• Reward Points are valid for 2 years after the date of accumulation.
• Movie & Dining: Not applicable.
• Travel (Lounge Access, Concierge): Not applicable.
• Domestic Lounge Access: Not applicable.
• International Lounge Access: Not applicable.
• Golf: Not applicable.
• Insurance Benefits: Not applicable.

Rewards Redemption Guide

• Reward Points earned can be redeemed against various options from the HDFC Rewards catalog.
• Redemption options include products, gift vouchers, or discounts.
• Redemption can be facilitated via Net Banking or through mail.
• A Rewards Redemption Fee of Rs. 99 (plus applicable taxes) is applicable on every redemption request.

Card Eligibility Criteria

• Age Criteria:
  • For salaried employees, the eligible age to apply for this card is 21 years to 60 years.
  • For self-employed individuals, the eligible age to apply for this card is 21 years to 65 years.
• Documents Required:
  • Identity Proof: Voter ID, Aadhaar Card, Passport, Driving License, PAN Card.
  • Address Proof: Utility bills, Aadhaar Card, rent agreement, passport, driving license, flat maintenance bills, Ration Card.
  • Copy of PAN Card.
  • Income Proof: Latest months’ bank statements, latest months’ salary slips, or latest audited ITR.

Card Review

• Overall Verdict: The HDFC Bank All Miles Credit Card is considered a decent choice for individuals who frequently shop, book hotels, or recharge their mobile, benefiting from accelerated reward points in these categories.
• Pros:
  • Attractive reward rate, especially the 2x Reward Points on hotel bookings, mobile recharges, and shopping.
  • Offers fee waiver options for both joining and renewal fees, making it cost-effective for an entry-level card.
• Cons:
  • Lacks traditional travel benefits such as complimentary airport lounge access or concierge services.
  • Therefore, it may not be the ideal choice for frequent travelers seeking comprehensive travel-specific privileges.

Important Product Details

• Earn 3 Reward Points for every Rs. 150 spent.
• Get 2x Reward Points (6 Reward Points per Rs. 150) on shopping, mobile recharge, and hotel bookings.
• First year membership fee is waived on spending Rs. 15,000 within the first 90 days.
• Annual renewal fee is waived on spending Rs. 1 lakh or more in a year.
• Enjoy a 1% fuel surcharge waiver on transactions above Rs. 400, with a maximum cap of Rs. 500 per month.
• Benefit from up to 50 interest-free days on purchases.
• Features EMV Chip Card technology for secure shopping.
• Provides zero liability protection on lost cards after reporting the loss.
• Fuel transactions are not eligible for Reward Points.
• Reward Points are valid for 2 years from the date of accumulation.
• A redemption fee of Rs. 99 (plus applicable taxes) is charged per reward redemption request.
• A foreign currency markup of 3.5% (plus applicable taxes) applies to international spends.
• An interest rate of 3.6% per month (43.2% per annum) is charged on outstanding balances.
• Cash advance transactions incur a fee of 2.5% of the amount withdrawn, subject to a minimum of Rs. 500.

Other Details

• Safety Features:
  • Stay protected against unauthorised use when you shop with EMV Chip Card technology.
  • Be assured of zero liability on lost cards after reporting the loss.
• Credit Facility:
  • Get Revolving Credit at a nominal interest rate.
• Best Suited For: Shopping.
• Reward Type: Reward Points.