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How To Maximize The Benefits Of HDFC Credit Cards?

How can I maximize the benefits of HDFC Credit Cards? In this article, we have covered the tips that you can follow to maximize the benefits of HDFC Credit Cards.

By Kirti BhargavPublished 2 years ago 3 min read
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HDFC Bank is one of the renowned financial institutions in India. It offers a humongous range of credit cards from entry-level to premiums. You can easily find a card that will suit your needs and spending habits under the HDFC Credit cards list. You can easily apply for HDFC Credit Cards online as well as offline. Even after getting a credit card, there are people who don’t know how to use their HDFC Credit Card in order to maximize its benefits.

In this article, we have covered the tips that you can follow to maximize the benefits of HDFC Credit Cards. Keep reading to kick start your research.

  1. Choose the right card: HDFC Bank offers you a variety of credit cards so the chances of choosing the right card increase. Identify your needs and spending habits and then compare the credit cards online in order to find the right fit for yourself. Once you have found the right card then apply for it.
  2. Avail of the welcome benefits: On your credit card application approval, you will receive your credit card. As a welcome benefit, you get complimentary bonus reward points, cashback, subscriptions to various platforms, movie tickets, etc. The welcome benefits differ from credit card to credit card. Avail of these benefits in order to maximize the benefits of your HDFC credit card.
  3. Earn reward points: Know your credit card’s rewards program so that you can use your credit card for those transactions only that let you earn reward points. For example, one of the super-premium credit cards offered by HDFC Bank is the HDFC Inifinia Metal credit card which allows the credit cardholder to earn 5 reward points on every Rs. 150 spent using the card. Similarly, every credit card has a different rewards program, read it before you start using your credit card.
  4. Redeem rewards timely: Rewards earned on HDFC Bank credit cards have an expiry date. So you need to redeem your earned reward points before they expire. You can easily redeem your reward points for purchasing products from the product catalog, booking flights/hotels, e-vouchers, gifts, DTH services, etc. In order to maximize the benefits of your HDFC Credit Card remember the expiry date and redeem the rewards once you have become eligible for the redemption.
  5. Use SmartBuy Portal: To make the credit cardholders’ experience more rewarding, the HDFC Bank has offered access to the SmartBuy Portal from where the credit cardholders can enjoy the HDFC SmartBuy Offers as it will help in maximizing their credit card’s benefits. Under the SmartBuy portal, you get offers and discounts on various partner merchants’ products and services.
  6. Pay credit card dues: This is the most important tip that you need to bear in mind, never ever skip your credit card dues payment. Adhere to the timely repayment cycles as it will also help in building a good credit score. If you keep forgetting the due dates then register for the auto-debit services. On each due date, your credit card bill will be debited from your account automatically and you won’t have to worry about harming your credit score as well.
  7. Maintain a low credit utilization ratio: Another important aspect that plays a crucial role in building a good credit score is the low credit utilization ratio. It is advisable to maintain a credit utilization ratio between 30% - 40%. If you are someone who is a shopaholic then you can set a threshold limit on your account so that on reaching that limit you will be notified about the same and you can stop using your credit card for further purchases.

Also Read - Reasons Why You Should Get An HDFC Bank Credit Card

Bottom Line:

With a parting thought, we hope that you will use the above-mentioned tips to maximize the benefits of your HDFC Bank credit cards. A credit card either be your friend in need or your biggest foe, it all depends on you how you use your credit card. Using a credit card wisely is the key to building a good standing account.

Additional Reading - How To Pay Off Credit Card Debt?

personal finance
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About the Creator

Kirti Bhargav

Financial Content Writer at Cardinsider.com

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