Shoppers Stop Black HDFC Bank Credit Card – Benefits, Fees & Eligibility

Shoppers Stop Black HDFC Bank Credit Card

Introduction

The Shoppers Stop Black HDFC Bank Credit Card is exclusively designed for frequent shoppers at Shoppers Stop, offering a blend of exciting benefits and rewards to help maintain a stylish lifestyle throughout the year. It caters to individuals passionate about shopping and fashion, providing high reward points on both Shoppers Stop and non-Shoppers Stop spends. Cardholders also receive a complimentary First Citizen BLACK membership. The card aims to enhance the shopping experience with its premium features, aligning with the spending patterns of customers at Shoppers Stop stores.

Welcome Benefits

• Receive Shoppers Stop vouchers worth ₹1,500, redeemable on any transaction at Shoppers Stop stores by displaying the message during payment. Payment must be made using your Shoppers Stop HDFC Bank Credit Card.
• Receive Shoppers Stop Vouchers Worth ₹4,500 and a complimentary Shoppers Stop Black Membership (Worth ₹4,500).

Fees

• Joining Fee: ₹4,500 + Applicable Taxes / GST.
• Renewal Fee: ₹4,500 + Applicable Taxes / GST.
• Rewards Redemption Fee:
  • ₹50 for Cash Redemption.
  • ₹99 for Other Reward Redemptions.
• Foreign Currency Markup: 3.5% + GST.
• Interest Rates: 3.75% Per Month (or 45% Annually).
• Fuel Surcharge: 1% fuel surcharge waiver up to ₹500 per statement cycle, applicable across all fuel stations in India.
• Cash Advance Charges: 2.5% of the amount withdrawn or ₹500, whichever is higher.
• Rental Transactions Fee: 1% fee to be charged from the second rental transaction done every calendar month.

Rewards

• Reward Points Earning:
  • Earn 7% Reward points on every Shoppers Stop spend (Monthly capping of 2,000 Reward Points / ₹2,000). This applies to online and offline Shoppers Stop spends.
  • Earn 2% Reward points on every Non-Shoppers Stop spend (Monthly capping of 2,000 Reward Points / ₹2,000).
  • Reward Points are calculated at a rate of 7% Reward Points/₹150 on Shoppers Stop spends and 2% Reward Points/₹150 on Non-Shoppers Stop spends.
• Shoppers Stop Black Membership:
  • Complimentary Shoppers Stop Black membership worth ₹4,500.
  • As a premium Shoppers Stop Black membership holder, earn First Citizen Points (20 First Citizen Reward Points for every purchase of ₹200) in addition to HDFC Reward Points.
• Weekend Offer/Milestone Benefits:
  • Earn ₹2,000 per month for a single purchase of ₹50,000 or above on Shoppers Stop over the weekend (Friday, Saturday, and Sunday).
  • This benefit is capped to a maximum of once a month and 5 times in a year.
• Lounge Access:
  • Domestic Lounge Access: 16 complimentary domestic lounge accesses per calendar year (maximum 4 per quarter).
  • International Lounge Access: 8 complimentary international lounge accesses per calendar year (maximum 2 per quarter).
• Insurance Benefits:
  • Accidental Air Death Cover: Worth ₹3 Crores.
  • Emergency Overseas Hospitalization: Up to ₹50 lakhs in case of an emergency.
  • Credit Liability Cover: Up to ₹9 Lakhs.
• Exclusions for Reward Points Accrual (w.e.f 1st Jan, 2023):
  • Accrual of Reward Points on Grocery Spends will be capped at 1000 points per month per customer.
  • No Reward Points accrual on Spends made on Rental and Government category payments.
  • No Reward Points shall be awarded for Wallet, Fuel, Supermarkets, Tax Payments, EMI Transactions, Vending Machine - Miscellaneous Foods, Package Stores (Beer, Wine, and Liquor), Bakeries, Cash Advance, and Insurance transactions.
• Movies & Dining: No specific benefits mentioned.

Rewards Redemption Guide

• Reward Points can be redeemed on Smartbuy or Netbanking.
• The validity of Reward Points is 2 years from the date of accumulation.
• Reward Point Value:
  • 1 Reward point = ₹1 when redeemed against Shoppers Stop vouchers.
  • For other redemption options, the value per reward point is:
    • Product Catalogue: Up to ₹0.35.
    • Cash Back: ₹0.20.
    • Airmiles: Up to ₹0.50.
    • Unified SmartBuy (Flights/Hotels): ₹0.50.
• Redemption for Shoppers Stop vouchers can be done against purchases made at Shoppers Stop Outlets or through their official website.

Card Eligibility Criteria

• For Salaried Indian Nationals:
  • Age: Minimum 21 years & Maximum 60 years.
  • Net Monthly Income: Greater than ₹70,000.
• For Self-Employed Indian Nationals:
  • Age: Minimum 21 years & Maximum 65 years.
  • Income: Income Tax Return (ITR) greater than ₹8.4 Lakhs per annum.
• Documents Required:
  • Identity Proof: PAN Card, Aadhaar Card, Voter ID Card, Driving License.
  • Address Proof: Aadhaar Card, Voter ID Card, Driving License, Passport, and Utility Bills (in the name of the applicant).
  • Income Proof:
    • For Salaried: Salary slips from the previous three months or bank statements for the last six months.
    • For Self-Employed: Income Tax Return (ITR).

Card Review

The Shoppers Stop Black HDFC Bank Credit Card is highly suitable for the premium segment of society that frequently shops at Shoppers Stop or its online store. This card ensures a significantly rewarding shopping experience, with accumulated reward points readily available for redemption during subsequent shopping trips. The card is also equipped with contactless payment functionality, facilitating quick, convenient, and secure transactions at retail locations. Overall, shopping enthusiasts will find this card appealing due to its substantial First Citizen Points benefits and other valuable features.

Pros

• Enjoy a complimentary First Citizen Black membership worth ₹4,500.
• Receive 16 complimentary domestic lounge accesses and 8 international lounge accesses annually.

Cons

• The card does not offer any specific dining or movie benefits.
• It comes with a high joining and annual charge of ₹4,500 + GST.

Important Product Details

• Complimentary First Citizen BLACK membership worth ₹4,500.
• Earn 7% Reward Points on Shoppers Stop spends, capped at 2,000 Reward Points per month.
• Earn 2% Reward Points on Non-Shoppers Stop spends, capped at 2,000 Reward Points per month.
• Complimentary access to domestic and international lounges (16 domestic, 8 international per year).
• High joining and annual fees of ₹4,500 + GST.
• No specific dining or movie benefits.
• Offers accidental air death cover of ₹3 Crores and emergency overseas hospitalization up to ₹50 lakhs.

Other Details

• Smart EMI: Offers an option to convert large spends into EMI after purchase.
• Contactless Payment: The card is enabled for contactless payments, facilitating fast, convenient, and secure payments at retail outlets. For transactions up to ₹5,000 in India, a PIN is generally not required, but for amounts greater than or equal to ₹5,000, the cardholder must enter the Credit Card PIN for security reasons.
• Zero Lost Card Liability: In the unfortunate event of losing your Shoppers Stop Black HDFC Bank Credit Card, reporting it immediately to the 24-hour call center ensures zero liability on any fraudulent transactions made on the credit card.
• Best Suited For: Travel, Shopping.
• Reward Type: Reward Points.
• How to Apply:
  • Online: Application can be submitted online through the HDFC Bank’s Credit Card page by filling in details and submitting required documents.
  • Offline: Applicants can visit their nearest HDFC Bank branch, fill out the application form, and submit all necessary documents.