Harley Davidson is one of the most renowned motor cycle brands in the world. It has tied up with HDFC Bank to launch a unique credit card HDFC Bank Harley-Davidson Diners Club Credit Card. In this blog we will be covering its benefits, cons, fees and charges and eligibility criteria.
Benefits of the HDFC Bank Harley-Davidson Diners Club Credit Card
The HDFC Bank Harley-Davidson Diners Club Credit Card is packed with perks that attract both riders and normal users.
1. Cashback
Cardholders get 4 reward point on spending INR 150. Value of 1 reward point = INR 1. General cashback rate 2.33%.
Cardholders get 20 reward points on spend of every INR 150 on Zomatao and Swiggy. Swiggy/Zomato cashback rate: 11.65%. Max cashback is capped at 2500 points for Swiggy and Zomato.
2. Free Movie Ticket
Cardholders will get buy 1 get 1 movie ticket offer on all weekend shows at BookMyShow (Friday, Saturday and Sunday).
3. Welcome Benefits
Cardholders will get 1 year memberships of Swiggy One & Times Prime and a gift card from Harley-Davidson worth INR 750 as a welcome benefit
4. Milestone Benefits
Cardholders will get vouchers worth INR 1,500 from Marriott, Decathlon & more on achieving quarterly spends of INR 1.5 lakh.
5. Lounge access
Cardholders will get 2 free lounge visits anywhere in the world per quarter.
Drawbacks of the HDFC Bank Harley-Davidson Diners Club Credit Card
While the HDFC Bank Harley-Davidson Diners Club Credit Card offers numerous advantages, it's essential to consider its downsides.
1. Low General Cashback Rate
The general cashback rate offered by the card is low in compairson to other credit cards.
2. More Suitable For Youth
Most of the benefits offered by the card are youth oriented. The card may not benefit middle-aged individuals a lot.
Understanding the Fees and Charges
Before applying for the HDFC Bank Harley-Davidson Diners Club Credit Card, it’s crucial to understand the associated fees:
Joining/Renewal Membership Fee: Rs. 2500 + Applicable Taxes (annually)
Annual Fee: 2500 + GST.
Foreign Currency Markup: 3.5% on all foreign currency transactions.
Cash Advance Fee: 2.5% of the amount withdrawn (minimum Rs. 500).
Late Payment Charges: Ranges from INR 100 to INR 1300
Reward Redemption Fee: INR 99
Interest Rate: 3.6% per month (i.e., 43.2% per annum).
Eligibility Criteria for the HDFC Bank Harley-Davidson Diners Club Credit Card
Prospective applicants should ensure they meet the following eligibility criteria:
1. Age
Applicants must be at least 21 years old. The upper age limit may vary.
2. Income Requirements
A minimum income of ₹6 lakh per annum is usually required. This helps ensure applicants can manage the card's expenses comfortably.
3. Credit Score
A strong credit score, typically above 750, is recommended to improve the chances of approval.
Final Thoughts
The HDFC Bank Harley-Davidson Diners Club Credit Card ia great credit card for the youth. It offers amazing cashback on Swiggy and Zomato and has lot of other youth oriented benefits. However, potential cardholders should also weigh in the cons mentioned by us above.
Read the more detailed review of the HDFC Bank Harley-Davidson Diners Club Credit Card and our rating of the credit card here.
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