HDFC Bank Best Price Save Max Credit Card – Benefits, Fees & Eligibility

Introduction

The Best Price Save Max HDFC Bank Credit Card, issued by HDFC Bank, is positioned as a premium offering designed for self-employed individuals who are Best Price members. While new applications for this card have been stopped, existing cardholders continue to enjoy its benefits. Key differentiating benefits include accelerated reward points on Best Price spends, comprehensive insurance coverage, and complimentary access to international lounges.

Welcome Benefits

• Earn 800 Reward Points on 4 or more purchases at Best Price within the first 90 days of card setup, with a minimum cart value of ₹150 per purchase.
• First year membership fee waiver on spends of ₹30,000 and above in the first 90 days.
• Cashback up to ₹1,800 in the first year and exciting e-vouchers worth up to ₹800 for adding 2 or more bills on Smart Pay.

Fees

• Joining/Renewal Membership Fee: ₹1,000 plus applicable taxes.
• Spend-Based Waiver: Renewal fee is waived on spending ₹75,000 or more in a year before the renewal date.
• Card Inactivity: The Bank reserves the right to cancel the Card if it remains inactive and is not used for any transaction for a continuous period of 6 months, after prior written notice.

Rewards

• Reward Points Earning:
  • 6 Reward Points on Best Price Spends (for every ₹150 spent).
  • 4 Reward Points on IRCTC, utility, and dining spends (for every ₹150 spent).
  • 2 Reward Points on other retail spends (for every ₹150 spent).
• Dining Benefits: Up to 20% savings on Dining for payments via Dineout Pay.
• Travel Benefits:
  • Up to 8 complimentary access to 700+ Lounges Worldwide in a calendar year.
• Insurance Benefits:
  • Accidental air death cover worth ₹50 lakh.
  • Emergency overseas hospitalisation protection worth up to ₹10 lakh.
  • Flight Delay cover of up to ₹25,000 for the primary card holder.
  • Missed Connecting Flight Protection up to ₹25,000 for primary card holders.
• Milestone Benefits:
  • Earn 3300 Reward Points on shopping of ₹1,50,000 in a calendar quarter.
• Cashback Benefits:
  • Pay your utility bills on time with SmartPay.
  • Cashback up to ₹1,800 in the first year and exciting e-vouchers worth up to ₹800 for adding 2 or more bills on Smart Pay.

Rewards Redemption Guide

• Each Reward Point is equivalent to ₹0.3.
• Reward points can be viewed and redeemed through the MyCards mobile-based service platform.

Card Eligibility Criteria

• Holders must possess a Best Price membership.
• Applicants must be self-employed Indian nationals.
• Minimum age: 21 years.
• Maximum age: 65 years.
• Income Tax Return (ITR) should exceed ₹10 lakh per annum.

Card Review

The Best Price Save Max HDFC Bank Credit Card was a strong offering for self-employed individuals with high spending at Best Price stores, providing accelerated rewards, significant insurance coverage, and international lounge access. The card also offered valuable milestone benefits, including fee waivers and bonus reward points, making it attractive for those who could meet the spend thresholds. However, new applications for this card are currently not being accepted by HDFC Bank. Existing cardholders continue to benefit from its features.

Important Product Details

• Contactless Payments: The card is enabled for contactless payments, allowing fast, convenient, and secure transactions at retail outlets. In India, contactless payments are allowed for a maximum of ₹5,000 for a single transaction without a PIN; for amounts ₹5,000 or higher, the PIN is required.
• SmartPay: An automatic payment facility available on the Credit Card to pay utility bills.
• Revolving Credit: Available at a nominal interest rate.
• Smart EMI: Option to convert big spends into EMI after purchase.
• EASYEMI Offers for Business Credit Cards: No Cost EMI offers on bulk purchases of interiors, furniture, electronics, and ACs from brands like Damro, Dash Square, Durian Industries, EVOK, Furniturewalla, Godrej Interior, Royal Oak, Stanley, The Maark Trendz, Kelvinator, Blue Star, and Reliance Digital.
• Card Management via MyCards: A mobile-based service platform for all Credit Card needs, facilitating:
  • Credit Card Registration and Activation.
  • Setting up Card PIN.
  • Managing Card Controls like Online Spends, Contactless Transactions.
  • Viewing Transactions / Downloading e-Statements.
  • Checking Reward Points.
  • Blocking/Re-Issuing Card.
  • Applying for an Add-on Card, managing, setting PIN, and card controls for Add-on cards.
• Security: Secure your card from fraud with zero liability on transactions once it is reported lost.
• Business Portal: Exclusive SmartBuy Business portal for all Business cardholders.
• Application Status: New applications for this card are currently not being accepted.

Other Details

• The credit limit on the Best Price Save Max Credit Card is determined based on the individual's creditworthiness and other factors evaluated by HDFC Bank.
• Specific terms and conditions governing the use of banking offerings are detailed in the Most Important Terms and Conditions document.