HDFC Bank Pine Labs Pro Credit Card – Benefits, Fees & Eligibility

Introduction

The Pine Labs HDFC Bank Pro Credit Card, issued by HDFC Bank, is positioned as a mid-range card, though its sourcing has been stopped for new customers. Existing cardholders continue to enjoy its benefits, which include 4 Reward Points for every ₹150 spent on E-commerce and POS transactions, 5% cashback on business essentials like utility and tax payments, and up to 50 days of interest-free credit.

Welcome Benefits

• The first-year fee is waived upon spending ₹75,000 (non-EMI spends) within the first 90 days of card issuance.

Fees

• Joining Fee: ₹1,000 plus GST. This fee is levied after 90 days of card issuance only if the card is not activated as per sign-up terms.
• Renewal Fee: ₹1,000 plus GST.
• Spend-Based Waiver:
  • First-year fee waived upon spending ₹75,000 (Non-EMI) within 90 days.
  • Renewal fee waived upon spending ₹1,00,000 (Non-EMI) within the 12-month period.
• Fuel Surcharge: 1% fuel surcharge waived off on fuel transactions.
  • Minimum transaction of ₹400.
  • Maximum cashback of ₹250 per statement cycle.
• Foreign Currency Markup: 1% Mark-Up applicable on all International DCC (Dynamic Currency Conversion) transactions.
• Rental Transactions Fee: 1% fee on rental transactions, applicable from the second rental transaction done every calendar month.
• Lounge Access Fee: A transaction fee of ₹2 will be charged to your credit card for each lounge access.
• Goods and Services Tax (GST): Applicable on all fees, charges, and interest transactions. The applicable GST depends on the place of provision and place of supply. GST for fees & charges/interest transactions billed on the statement date will reflect in the next month's statement and will not be reversed on any dispute.

Rewards

• General Spends: Earn 4 Reward Points for every ₹150 spent on all E-commerce and POS transactions.
  • Excludes EMI spends, fuel, and wallet load transactions.
• Business Essentials Cashback: Get 5% CashBack on business essentials such as Utility, Telecom, IRCTC, Government, and tax payments.
  • Capped at ₹250 per month.
• Limited-Time Cashback Offer: Avail 3% CashBack on all non-EMI spends until September 30, 2022.
  • Capped at ₹1,500 per month.
  • Excludes wallet load, fuel spends, and spends made on Pine Labs Vendor Payment platform.
• Free Credit Period: Avail up to 50 days of interest-free credit.
• Lounge Access: Enjoy 8 complimentary access to domestic airport lounges across the country in a calendar year.
  • Capped at 2 visits per quarter.
  • A transaction fee of ₹2 will be charged for each lounge access.
• Milestone Benefits:
  • Earn 10,000 Bonus Reward Points on yearly spends of ₹5 Lakh (Non-EMI Spends).
  • Earn an additional 5,000 Bonus Reward Points (total 15,000) on yearly spends of ₹8 Lakh (Non-EMI Spends).
• Vendor Payment Offer:
  • 1% flat interest on supplier payments done through Pine Labs’ outward payment platform.
  • Customers earn 1% CashBack (up to ₹500 a month) until September 30, 2022.
• Insurance/Comprehensive Protection:
  • Personal Accidental Death & Permanent Disability Cover of ₹30 Lakh.
  • Base Cover: ₹5 Lakh (requires 1 POS/E-COM transaction in the last 30 days).
  • Accelerated Cover I: ₹10 Lakh (requires 1 POS/E-COM transaction in last 30 days + Spends greater than ₹25,000).
  • Accelerated Cover II: ₹15 Lakh (requires 1 POS/E-COM transaction in last 30 days + Spends greater than ₹50,000).
• EMI Offers: Enjoy No Cost & Low cost EMI options on your credit card.

Rewards Redemption Guide

• Reward Point Value:
  • SmartBuy Travel: ₹0.5 per point
  • Airmiles: ₹0.5 per point
  • Product Catalogue: Up to ₹0.35 per point
  • CashBack: ₹0.2 per point
• Redemption Cap: Redemption of Reward Points to Cashback and Travel is capped at 50,000 points per month per customer.
• Accrual Cap: Accrual of Reward Points on Grocery Spends is capped at 1000 points per month per customer.
• Non-Accrual Categories: There will be no Reward Points accrual on Spends made on Rental and Education category payments.
• Points + Pay: A maximum of 70% of the payment can be made using Reward Points, with the remaining 30% to be paid by other payment modes (Cash/Cards/UPI etc.).
• Vendor Payment Offer Cashback Redemption: Cashback can be redeemed for vouchers using the Pine Labs outward pay out platform.

Card Review

The Pine Labs HDFC Bank Pro Credit Card offers a strong value proposition for existing customers, particularly those with significant E-commerce and POS spending, as well as business utility payments. The card provides competitive reward points and cashback rates in these categories, complemented by valuable benefits like domestic lounge access and substantial personal accident insurance cover. Milestone benefits further enhance its appeal for high spenders. However, new applications for this card have been stopped, making it exclusive to existing cardholders. The varying redemption values for reward points and specific caps on certain categories (e.g., grocery spends, cashback redemption) are points to consider. Overall, it's a beneficial card for existing users who align their spending with its reward structure and can meet the spend-based fee waivers and milestone targets.

Important Product Details

• Sourcing of this Credit Card has been stopped for new customers; existing customers will continue to enjoy the benefits.
• Earn 4 Reward Points for every ₹150 spent on E-commerce and POS transactions.
• Get 5% cashback on business essentials (Utility, Telecom, IRCTC, Govt., tax payments), capped at ₹250 per month.
• Enjoy 8 complimentary domestic airport lounge accesses per calendar year (2 per quarter).
• Benefit from a Personal Accidental Death & Permanent Disability Cover of ₹30 Lakh, with conditions based on recent card usage and spend.
• Milestone benefits include 10,000 bonus reward points on ₹5 Lakh annual spend and an additional 5,000 points on ₹8 Lakh annual spend.
• First-year and renewal fees can be waived based on specific spending thresholds.
• Reward point accrual is capped at 1000 points per month for grocery spends, and no points are earned on rental and education category payments.
• Redemption of reward points for cashback and travel is capped at 50,000 points per month.
• A 1% fee applies to rental transactions from the second transaction each month.
• A 1% mark-up is applicable on all International DCC transactions.

Other Details

• Card Management & Controls:
  • Offers a single unified platform for Credit Cards, Debit Cards, FASTag, and Consumer Durable Loans.
  • Provides a simple interface to track all your spends.
  • Allows viewing and redeeming points at the push of a button.
• SmartPay: Register your Credit Card with HDFC Bank's SmartPay service to ensure timely and convenient utility bill payments.
• Zero Liability: Report a lost card immediately to the 24-hour call centre to have zero liability on any fraudulent transactions made on your card after reporting the loss.
• Contactless Payment: The Pine Labs HDFC Bank Pro Credit Card is enabled for contactless payments, facilitating fast, convenient, and secure transactions at retail outlets.
• Most Important Terms and Conditions: Users are advised to thoroughly review the Most Important Terms and Conditions for specific terms governing the card's use.