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

Introduction

The Best Price Save Smart Credit Card, issued by HDFC Bank, is a co-branded credit card specifically designed for Best Price members. It aims to provide additional discounts and CashBack on both business and personal spending. Key differentiating benefits include significant cashback on Best Price spends, exclusive EasyEMI offers on various goods, a fuel surcharge waiver, and dining benefits. Please note that the sourcing of this credit card has been stopped, but existing customers will continue to enjoy its benefits.

Welcome Benefits

• First Year Membership Fee Waiver: Get the first year membership free on spending ₹20,000 and above in the first 90 days of card setup.
• Milestone CashBack: Receive ₹150 CashBack on 4 or more purchases within the first 90 days of card setup, with a minimum cart value of ₹150 per purchase.
• Launch Offer (Valid for customers sourced till March 31, 2020, for 1 year from card set-up date):
  • ₹500 CashBack on spending ₹25,000 every month.
  • ₹250 CashBack on spending ₹10,000 per month on dining, utility, or IRCTC.

Fees

• Joining/Renewal Membership Fee: ₹500 plus Applicable Taxes.
• Spend-Based Waiver:
  • First year membership fee waived on spending ₹20,000 and above in the first 90 days.
  • Renewal fee waived for the next renewal year on annual spends of ₹50,000.
• Interest Rates: A maximum interest rate of 3.49% per month (41.88% annually) is charged on the amount due/unpaid.
• Fuel Surcharge Waiver: Enjoy a 1% fuel surcharge waiver at all fuel stations across India on a minimum transaction of ₹400. The maximum CashBack for this waiver is capped at ₹250 per statement cycle.

Rewards

• CashBack Benefits:
  • 1% CashBack on all Best Price spends, up to ₹10,000 per month.
  • Assured CashBack of ₹500 on spends of ₹25,000 every month.
  • ₹250 CashBack on spending ₹10,000 every month on dining, utility, or IRCTC (identification based on Merchant Category Codes).
  • 0.5% CashBack for every ₹150 spent on retail purchases.
• Dining Benefits:
  • 20% savings on paying via Dineout Pay.
  • Maximum discount per transaction capped at ₹1,000.
  • Maximum discount per month capped at ₹1,000.
• Milestone Benefit:
  • ₹500 CashBack on shopping of ₹75,000 in a calendar quarter.
• Usage Benefits:
  • Up to 50 days of interest-free credit from the date of purchase.
  • Ability to convert large transactions to a SmartEMI after purchase.
  • Contactless payment functionality for improved purchase experience.
  • Protection against fraudulent transactions made on your Credit Card with zero liability if card loss is reported immediately to the bank’s 24-hour call centre.
• Banking Benefits:
  • Revolving Credit available at a nominal interest rate.
  • Bill payment made easy with HDFC Bank’s SmartPay service.
• Exclusive EasyEMI Offers for Business Credit Cards:
  • No-cost EMI on buying interiors, furniture, electronics, ACs, and more in bulk.
  • Valid 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.

Card Eligibility Criteria

• Must hold a Best Price membership.
• Self-employed Indian Citizen aged between 21 years to 65 years with a Gross Annual Income (ITR) of more than ₹6 lakh annually.
• Alternatively, for salaried individuals, a minimum salary of ₹50,000 per month is required.

Card Review

The Best Price Save Smart Credit Card is ideal for Best Price members, self-employed individuals, and businesses looking to maximize savings on wholesale purchases, utility bills, and dining expenses. Its strong cashback program, coupled with EasyEMI options for bulk purchases, makes it a valuable tool for managing business and personal spending. The card also offers essential features like an interest-free credit period, fuel surcharge waiver, and zero lost card liability. However, potential applicants should note that new applications for this card are currently not being accepted, and its benefits are primarily geared towards Best Price members. The annual fee can be waived by meeting specific spend thresholds.

Important Product Details

• The sourcing of this Credit Card has been stopped; however, existing customers will continue to enjoy its benefits.
• Offers up to 50 days of interest-free credit from the date of purchase.
• Provides revolving credit at a nominal interest rate.
• Features zero liability on fraudulent transactions if card loss is reported immediately to the bank’s 24-hour call centre.
• Enabled for contactless payments at retail outlets, allowing transactions up to ₹5,000 without a PIN, while transactions equal to or higher than ₹5,000 require a PIN for security.
• Card controls (managing domestic/international limits, online, contactless usage) can be enabled or disabled instantly via Netbanking, Mobile Banking App, MyCards portal, PayZapp, WhatsApp Banking (7070022222), and IVR (toll-free numbers: 1800 1600 or 1800 2600, overseas travel assistance: 022-61606160).
• 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.

Other Details

• Identification of IRCTC, Utility, and Dining spends for cashback offers are based on Merchant Category Codes (MCCs).
• An exclusive SmartBuy Business portal is available for all Business cardholders.
• Detailed terms and conditions for all banking offerings are available in the Most Important Terms and Conditions (MITC) document.