Tata Neu Infinity HDFC Bank Credit Card
Card Details
Joining Fee:
Renewal Fee:
Card Type:
Reward Type:
Welcome Benefits:
Rewards & Benefits
Welcome Benefits
On spending INR 2,000 or more in the first sixty days, the user can get 2,000 reward points.
Milestone Benefits
annual fee reversal on spending inr 1,00,000 on the card.
Cashback Rate
cashback rate: 1. cashback rate: 1. cashback rate: 0.
Lounge Access
0
Movie Benefits
8
Dining Benefits
Other Benefits
reward system: users will get 10 points for spending of every inr 150 on dining, movies, departmental stores and grocery spending. value of 1 point = inr 0. 25. effective 6%. 1 reward points on all other spend per inr 150. effective general 25%. 1 reward point of inr 100 on all other spends. effective general 16%.
Fees & Charges
Joining Fee
On spending INR 2,000 or more in the first sixty days, the user can get 2,000 reward points.
Annual Fee
annual fee reversal on spending inr 1,00,000 on the card.
Cash Advance Fee
cashback rate: 1. cashback rate: 1. cashback rate: 0.
Interest rate
0
Late Payment Fee
8
Foreign Currency Transactions Fee
Other Fees
reward system: users will get 10 points for spending of every inr 150 on dining, movies, departmental stores and grocery spending. value of 1 point = inr 0. 25. effective 6%. 1 reward points on all other spend per inr 150. effective general 25%. 1 reward point of inr 100 on all other spends. effective general 16%.
Cons
Customers will be charged a transaction fee of $3.25 on their credit card towards complimentary lounge access.
Welcome Benefit: Users will get 499 NeuCoins on the Tata Neu app on 1st transaction done within 30 days of card issuance and will be available to claim inside Tata Neu App within 60 days of such transaction.
Reward System: For every Rs. 100 spent users will get 1NeuCoin. 1 NeuCoin = ₹1, redeemable on Tata Neu app. The cashback earned is capped at Rs. 1500 per calendar month for Tata Neu transactions, Rs. 500 per calendar month for accelerated categories, and Rs. 2000 per calendar month for all other retail transactions. The effective cashback rate varies from 1% to 5%.
Customers can earn an additional 5% back as NeuCoins on selected categories on the Tata Neu App/Website.
Customers also get 8 complimentary domestic lounge access per calendar year and also avail up to 4 complimentary international lounge access per calendar year.
Rewards & Benifits
Welcome Benefits
Users will get 499 NeuCoins on the Tata Neu app on 1st transaction done within 30 days of card issuance and will be available to claim inside Tata Neu App within 60 days of such transaction.
Rewards System
For every Rs. 100 spent users will get 1NeuCoin. 1 NeuCoin = ₹1, redeemable on Tata Neu app. The cashback earned is capped at Rs. 1500 per calendar month for Tata Neu transactions, Rs. 500 per calendar month for accelerated categories, and Rs. 2000 per calendar month for all other retail transactions. The effective cashback rate varies from 1% to 5%.
International Forex Markup
2%
Welcome Benefits and Reward System
Special Features
5% back as NeuCoins on Non-EMI Spends on Tata Neu and partner Tata Brands.
Eligibility Criteria
For Salaried Indian national
Age: Min 21 years & Max 60 Years
Net Monthly Income > Rs 1 Lakh
For Self Employed Indian national
Age: Min 21 years & Max 65 Years
ITR > Rs 12 Lakhs per annum
Benefits
5% back as NeuCoins: 5 NeuCoins for every ₹100 spent on non-EMI spends across Tata Neu and partner Tata brands like Croma, Westside, BigBasket, Tata 1mg, IHCL Hotels, AirAsia India, and Qmin.
1.5% back as NeuCoins: 1.5% NeuCoins on non-Tata brand spends and any merchant EMI spends.
1.5% back as NeuCoins on UPI: 1.5% NeuCoins on all UPI spends (including spends on partner Tata brands), with a maximum cap of 500 NeuCoins per calendar month.
Complimentary Tata Neu Prime Membership: Exclusive benefits and deals offered by the Tata Neu Prime membership for the first year.
Speical Feature, Eligibility and Benefits
How to apply for Credit Card?
Go to the Tata Neu website and click on the "Credit Cards" tab.
Click on the "Tata Neu Infinity HDFC Bank Credit Card" link. Click on the "Apply Now" button.
Fill out the application form and submit it. Here are the documents that you need to submit along with your application form: Proof of identity (e.g., passport, driving license, PAN card) Proof of address (e.g., bank statement, utility bill) Proof of income (e.g., salary slip, tax return)
The processing time for the application is usually 7-10 working days.
Once your application is approved, you will receive the card in the mail within 15-20 working days.
Contact Details
1800 202 6161 or 1860 267 6161,
send an SMS to 730 8080 808,
or even use WhatsApp to send a message to 707 0022 222.
Account Opening and Procedure
Recommended Credit Cards
Pros:-
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Cons:-
Welcome Benefit: Users will get 499 NeuCoins on the Tata Neu app on 1st transaction done within 30 days of card issuance and will be available to claim inside Tata Neu App within 60 days of such transaction.
Reward System: For every Rs. 100 spent users will get 1NeuCoin. 1 NeuCoin = ₹1, redeemable on Tata Neu app. The cashback earned is capped at Rs. 1500 per calendar month for Tata Neu transactions, Rs. 500 per calendar month for accelerated categories, and Rs. 2000 per calendar month for all other retail transactions. The effective cashback rate varies from 1% to 5%.
Customers can earn an additional 5% back as NeuCoins on selected categories on the Tata Neu App/Website.
Customers also get 8 complimentary domestic lounge access per calendar year and also avail up to 4 complimentary international lounge access per calendar year.
Customers will be charged a transaction fee of $3.25 on their credit card towards complimentary lounge access.
The Tata Neu Infinity Card is a co-branded shopping card recently launched by HDFC Bank in partnership with Tata Neu. The Tata Neu Infinity Credit Card offered by HDFC Bank seems an excellent option for avid shoppers, especially those loyal to the Tata brands. The reward rate provided with this card is outstanding, and the earned Tata Neu coins are redeemable against various brands. The airport lounge access provided by the card at such a nominal annual fee is an additional advantage that might attract many individuals.
Tata Neu Infinity HDFC Bank Credit Card
Abhijeet Saxena
Abhijeet Saxena
Nalsar University of Law
Ex- Senior Associate, Shardul Amarchand Mangaldas, Delhi
Ex - Khaitan & Co. Bengaluru,
Ex - National Stock Exchange, Mumbai,
Ex - Argus Partners, Mumbai
Product Review
Fees & Charges
Joining/Renewal Membership Fee – ₹1,499/- + Applicable Taxes
Cash advance fee: 2.5% or r ₹500 whichever is higher.
Interest Rates: 3.49% per month i.e. 41.88% p.a.
Late Payment Charges: Less than ₹100 = Nil ₹100 to ₹500 = ₹100/- ₹501 to ₹5,000 = ₹500/- ₹5,001 to ₹10,000 = ₹600/- ₹10,001 to ₹25,000 = ₹800/- ₹25,001 to ₹50,000 = ₹1100/- More than ₹50,000 = ₹1300/-
Foreign Currency Transactions Fees: 2 %.
Fuel Surcharge: 1% of the Transaction amount
Reward Redemption Fees: Rs. 99/-
Fuel Surcharge
1%. However. that is waived on fuel transactions. (on minimum transaction of ₹400 & maximum transaction of ₹5,000. Maximum waiver of ₹500 per statement cycle).
Billing Cycle
30 Days