Credit Card RuPay - HDFC Bank v. Axis Bank- Which has the best RuPay Credit Card?
In the ever-evolving landscape of financial products, credit cards have become indispensable tools for managing expenses, earning rewards, and enhancing purchasing power. Among the plethora of options available, the HDFC Bank TATA Neu Infinity RuPay Credit Card and the Axis Bank Fibe RuPay Credit Card have emerged as popular choices, each offering unique benefits tailored to different customer needs.
The HDFC Bank TATA Neu Infinity RuPay Credit Card promises a blend of exclusive rewards, substantial cashback opportunities, and a seamless integration with the TATA Neu ecosystem. It caters to those who seek to maximize their spending benefits, especially within the TATA group of services and products.
On the other hand, the Axis Bank Fibe RuPay Credit Card focuses on providing innovative financial solutions, with an emphasis on modern digital banking experiences and attractive reward structures. It aims to attract tech-savvy individuals looking for a card that complements their dynamic lifestyles.
In this blog post, we will delve into a detailed comparison of these two credit cards, examining their features, benefits, fees, and overall value propositions. Whether you are a loyal TATA customer or an enthusiast of cutting-edge financial products, this comparison will help you determine which card aligns best with your financial goals and lifestyle preferences.
Comparing HDFC Bank TATA Neu Infinity RuPay Credit Card and Axis Bank Fibe RuPay Credit Card
When choosing a credit card, it's essential to consider the benefits and features that align with your spending habits and financial goals. Let's delve into a detailed comparison of the HDFC Bank TATA Neu Infinity RuPay Credit Card and the Axis Bank Fibe RuPay Credit Card.
HDFC Bank TATA Neu Infinity RuPay Credit Card:
Rewards and Savings:
Earn 5% back as NeuCoins on Non-EMI Spends on Tata Neu and partner Tata Brands.
Receive 1.5% back as NeuCoins on Non-Tata Brand Spends and any Merchant EMI Spends.
Additional 5% back as NeuCoins on selected categories on Tata Neu App/Website after registering for Tata NeuPass.
Travel Benefits:
Complimentary Domestic Lounge Access: 8 per calendar year (2 per quarter).
International Lounge Access: Up to 4 per calendar year using Priority Pass.
Other Features:
Zero lost card liability upon immediate reporting of card loss.
Foreign Currency Markup: 2% on foreign currency spends.
Revolving Credit at a nominal interest rate.
Fees:
Joining Fee: ₹1,499 (waived off on spends of ₹3 lakh or more in the preceding year).
Renewal Fee: ₹1,499 + GST.
Axis Bank Fibe RuPay Credit Card:
Cashback:
Up to 3% cashback on food delivery, entertainment, and local commute.
1% cashback on all other spends.
Travel Benefits:
Enjoy 4 complimentary domestic lounge visits per calendar year.
Other Features:
Lifetime free card with no joining and annual fees.
Fuel Surcharge Waiver: Applicable for fuel spends between ₹400 & ₹5000, max waiver up to ₹400 per month.
Fees:
Finance Charges: 3.6% per month (52.86% per annum).
Foreign Currency Transaction Fee: 3.5% of the transaction value.
The HDFC Bank TATA Neu Infinity RuPay Credit Card offers a robust rewards program, especially for those who frequently shop with Tata brands and their partners. The additional travel perks, such as international lounge access, make it a suitable option for frequent travelers. However, it comes with a joining and renewal fee, which is waived off upon meeting certain spend criteria.
On the other hand, the Axis Bank Fibe RuPay Credit Card is a lifetime free card offering cashback on various categories, making it a cost-effective choice for everyday use. The domestic lounge access adds value for travelers, and the fuel surcharge waiver is a nice touch for those who drive.
Ultimately, the better credit card depends on the customer's specific needs. If you prioritize rewards and travel benefits and are a loyal customer of Tata brands, the HDFC Bank TATA Neu Infinity RuPay Credit Card may be the better choice. For those seeking a no-fee card with decent cashback options, the Axis Bank Fibe RuPay Credit Card could be more appealing. It's important to assess your spending patterns and choose accordingly.
HDFC TATA Neu Infinity RuPay Credit Card FAQs
Q: What are the benefits of the HDFC TATA Neu Infinity RuPay Credit Card?
The card offers 5% cashback as NeuCoins on spends across various Tata Neu partner brands, complimentary lounge access, and insurance benefits like accidental death cover and overseas hospitalization cover.
Q: What is the annual fee for the HDFC TATA Neu Infinity RuPay Credit Card?
The card has a joining fee of Rs. 1,499 + GST and a renewal fee of Rs. 1,499 + GST. However, the welcome benefit offers NeuCoins worth the first year's fee upon making your first transaction within 30 days of issuance.
Q: Is the HDFC TATA Neu Infinity RuPay Credit Card a contactless card?
Yes, the card is enabled for contactless payments for transactions up to Rs. 5,000.
Q: What is the interest rate applicable on the HDFC TATA Neu Infinity RuPay Credit Card?
The interest rate on unpaid balances is 3.49% per month.
Q: What are the NeuCoins earned with the HDFC TATA Neu Infinity RuPay Credit Card worth?
1 NeuCoin is equivalent to Re. 1 and can be redeemed for purchases on the Tata Neu app.
Q: Are there any spending requirements to waive the annual fee for the HDFC TATA Neu Infinity RuPay Credit Card?
No, there are no spending requirements to waive the annual fee. However, the welcome benefit effectively offsets the first year's fee.
Q: What are the eligibility criteria for applying for the HDFC TATA Neu Infinity RuPay Credit Card?
The eligibility criteria typically include having a good credit score (usually above 750) and meeting minimum income requirements set by HDFC Bank.
Q: Does the HDFC TATA Neu Infinity RuPay Credit Card offer any reward points other than NeuCoins?
No, this card offers rewards specifically as NeuCoins for spending on the Tata Neu platform.
Q: Where can I find the detailed terms and conditions of the HDFC TATA Neu Infinity RuPay Credit Card?
You can find the terms and conditions on the HDFC Bank website [HDFC Bank TATA Neu Infinity Card TnC].
Q: How do I contact HDFC Bank for any questions about the HDFC TATA Neu Infinity RuPay Credit Card?
You can contact HDFC Bank customer care through their website or by calling their customer care number.
Axis Bank Fibe RuPay Credit Card FAQs
Q: What are the joining and annual fees for the Axis Bank Fibe RuPay Credit Card?
There are no joining or annual fees for this card, making it a lifetime free credit card.
Q: What kind of cashback rewards do I get with this card?
The Axis Bank Fibe RuPay Credit Card offers a cashback program with two tiers:
Earn a flat 3% cashback on online food delivery, entertainment spending on online ticketing platforms, and local commute via ride-hailing apps.
Earn a 1% cashback on all other online and offline transactions (excluding some categories).
Q: Is the Axis Bank Fibe RuPay Credit Card a numberless card?
Yes, this is a unique feature of this card. It is India's first numberless credit card, enhancing security as the CVV details are not displayed on the physical card.
Q: Can I use UPI with the Axis Bank Fibe RuPay Credit Card?
Yes, being a RuPay card, this card allows you to link it to UPI platforms for convenient and quick transactions.
Q: What are the benefits offered for travel with this card?
The card offers complimentary domestic airport lounge access - up to 4 visits per year (1 access per quarter).
Q: Does the card provide any waivers on fuel surcharge?
Yes, you can avail a 1% fuel surcharge waiver on fuel spends between Rs. 400 and Rs. 5,000 (up to a maximum of Rs. 400 per billing cycle).
Q: Are there any other reward programs or benefits with this card?
The Axis Bank Fibe RuPay Credit Card might offer additional benefits like Axis Bank Dining Delights program with discounts at partner restaurants and other offers subject to change. It's recommended to check with the bank for the latest updates.
Q: Who is eligible to apply for the Axis Bank Fibe RuPay Credit Card?
Currently, this card is only available to existing customers of Fibe, the lending platform that partnered with Axis Bank for this card.
Q: How can I activate my Axis Bank Fibe RuPay Credit Card?
You can activate the card by following these steps:
Visit the Axis Bank website and go to the Credit Card section.
Click on Fibe Axis Bank Credit Card.
Enter the activation code provided in your physical welcome letter.
This will take you to the Card Control Settings page where you can set up your preferences.
Q: Where can I find more information about the Axis Bank Fibe RuPay Credit Card?
You can visit the websites of Axis Bank https://www.axisbank.com/ and Fibe https://www.fibe.in/financial-dictionary/add-on-credit-card/ for the latest information and details about the card.
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