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 specialized card primarily for business cardholders and Best Price members. It offers significant reward points on Best Price spends, comprehensive insurance benefits including accidental air death and overseas hospitalization cover, and complimentary lounge access. A key feature is the spend-based fee waiver for both joining and renewal. It is important to note that the sourcing of this credit card has been stopped, though existing customers continue to enjoy its benefits.

Welcome Benefits

• First year membership fee waiver on spends of ₹30,000 & above in the first 90 days.
• 800 Reward Points on 4 or more purchases at Best Price within the first 90 days of card setup (minimum cart value ₹150).
• 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

  • First year membership fee waiver on spends of ₹30,000 & above in the first 90 days.
  • Renewal fee waiver on spends of ₹75,000 in 12 Months.

• Interest Rates

  • Revolving Credit is available at a nominal interest rate.

Rewards

• Reward Points

  • 6 Reward Points on Best Price Spends (for every ₹150 spent).
  • 4 Reward Points on IRCTC, utility, dining spends (for every ₹150 spent).
  • 2 Reward Points on other retail spends (for every ₹150 spent).
  • 1 Reward Point = ₹0.3.

• 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.
  • Accidental air death cover worth ₹50 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.

• 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

  • 3300 Reward Points on shopping of ₹1,50,000 in a calendar quarter.

• Other Benefits

  • Contactless payments enabled for fast, convenient, and secure transactions.
  • SmartPay for automatic utility bill payments.
  • Zero liability on transactions once the card is reported lost.
  • Exclusive SmartBuy Business portal for all Business cardholders.
  • EASYEMI Offers for Business Credit Cards: No Cost EMI offer on brands such as Damro, Dash Square, Durian Industries, EVOK, Furniturewalla, Godrej Interior, Royal Oak, Stanley, The Maark Trendz, Kelvinator, Blue Star, and Reliance Digital.
  • Smart EMI option to convert big spends into EMI after purchase.

Rewards Redemption Guide

• Reward Points can be redeemed at a value of ₹0.3 per point.

Card Eligibility Criteria

• Holders must possess a Best Price membership.
• Self-employed Indian national: Minimum 21 years and maximum 65 years.
• Income Tax Return (ITR): Greater than ₹10 lakh per annum.

Card Review

The Best Price Save Max HDFC Bank Credit Card is a highly specialized offering tailored for existing Best Price members and self-employed individuals with a substantial income. Its primary strength lies in the accelerated reward points on Best Price spends, making it very valuable for frequent shoppers at these outlets. The card also provides robust insurance coverage, including accidental air death and overseas hospitalization, along with complimentary lounge access, enhancing its appeal for business travelers. The spend-based fee waivers for both joining and renewal fees are a significant advantage, making the card effectively free for users who meet the spending thresholds. Additionally, business-centric features like EasyEMI and Smart EMI options add practical value for SMEs.

However, the most significant drawback is that the sourcing of this credit card has been stopped, meaning new applications are no longer accepted. This limits its availability exclusively to existing cardholders. For those who already possess the card and fit the target demographic, it offers excellent value through its tailored rewards and benefits.

Important Product Details

• Sourcing of this Credit Card has been stopped; existing customers will continue to enjoy the benefits.
• The card is enabled for contactless payments, allowing quick transactions. In India, contactless payments are allowed for a maximum of ₹5,000 for a single transaction without a PIN; for amounts higher than or equal to ₹5,000, the cardholder must enter the Credit Card PIN.
• Revolving Credit is available at a nominal interest rate.
• Smart EMI offers the option to convert big spends into EMI after purchase.
• Card management and controls are available through multiple channels including Netbanking, Mobile Banking, MyCards, PayZapp, WhatsApp Banking, and IVR.
• The MyCards platform, a mobile-based service, facilitates convenient activation and management of the card, including:
  • Credit Card Registration and Activation.
  • Setting up Card PIN.
  • Managing Card Controls like Online Spends and Contactless Transactions.
  • Viewing Transactions and downloading e-Statements.
  • Checking Reward Points.
  • Blocking/Re-Issuing the Card.
  • Applying for an Add-on Card, and managing its PIN and card controls.

Other Details

• 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 sent to the registered email address, phone number, and/or communication address.
• The credit limit on the card is determined based on the individual's creditworthiness and other factors evaluated by HDFC Bank.
• It is recommended to thoroughly review the Most Important Terms and Conditions for all specific terms and conditions governing the use of this banking product.