HDFC Bank Rupay Digital Credit Card
HDFC Rupay Digital Credit Card is a virtual credit card that can be linked to your UPI ID and used to make payments on apps like Paytm, PhonePe, Mobikwik, etc. It is powered by the secure RuPay payment network and offers cashback and rewards on both regular and UPI transactions. Here is a brief overview of how it works and what its features and benefits are:
Features and Benefits:
You get 3% cashpoints on groceries, supermarket and dining spends & PayZapp transactions. (A maximum of 500 points can be earned in a calendar month)
You get 2% cashpoints on utility spends (A maximum points of 500 points can be earned in a calendar month)
You get 1% cashpoints on other spends (Excluding rent, wallet loads, EMI, fuel, insurance payments & government categories) (A maximum of 500 points can be earned in a calendar month)
You can redeem your cash points against the statement balance at the rate of 1 cashpoint = ₹0.25, or use them for travel benefits or rewards catalog at the SmartBuy Rewards Portal.
You get up to 50 days of interest-free period on your purchases (subject to the submission of the charge by the merchant).
You enjoy revolving credit on your card at the nominal interest rate.
You get a renewal membership fee waived by spending ₹25,000 and above in an annual year.
How to Apply for HDFC Rupay Digital Credit Card?
To apply for the HDFC Rupay Digital Credit Card, you need to have an existing HDFC credit card and a net banking account or mobile app. Here are the steps to follow:
Log in to your HDFC net banking account or mobile app using your customer ID and password.
Go to the Cards section and select the option of Generate Rupay Digital Credit Card.
Choose the HDFC credit card that you want to link with the Rupay Digital Credit Card.
Enter the amount limit and validity period for the Rupay Digital Credit Card. You can choose from 24 hours to 48 hours.
Confirm the details and generate the Rupay Digital Credit Card. You will receive an SMS with the card number, expiry date, and CVV.
Use the Rupay Digital Credit Card to make online payments at any Rupay-enabled merchant.
How to Use HDFC Rupay Digital Credit Card?
To use the HDFC Rupay Digital Credit Card, you need to follow these steps:
Visit the online merchant website or app where you want to make a payment.
Select the option of Pay with Rupay or Credit Card.
Enter the Rupay Digital Credit Card details such as card number, expiry date, and CVV.
Complete the payment by entering the OTP sent to your registered mobile number.
Enjoy the benefits of cashback and rewards on your transactions.
Pros and cons
Pros:
No physical card required, convenient and secure
Cashback and rewards on both regular and UPI transactions
Interest free period and revolving credit facility
Low annual fee of ₹499 + GST
Cons:
Limited to RuPay network, may not be accepted everywhere
Cashpoints capped at 500 per month for each category
Fuel surcharge waiver not applicable
How Can Existing HDFC Visa and Mastercard Holders Convert their Credit Cards into Digital Cards for UPI Transactions?
If you are an HDFC Bank credit card holder, you might be wondering how you can use your card for UPI transactions. UPI, or Unified Payments Interface, is a fast and convenient way to make payments online using your mobile phone. You can use UPI apps like PayZapp, Google Pay, PhonePe, Paytm and others to pay for various services and purchases.
However, until recently, only HDFC Bank RuPay credit cards could be linked with UPI apps and used for UPI transactions. RuPay is a domestic card network launched by NPCI (National Payments Corporation of India) that competes with global players like Visa and Mastercard. HDFC Bank was the first private sector bank to launch a RuPay credit card that could be used on UPI platforms.
But what if you have an HDFC Bank Visa or Mastercard credit card? Does that mean you cannot use it for UPI transactions? Not anymore. HDFC Bank has recently introduced a new feature that allows you to convert your existing Visa or Mastercard credit cards into digital credit cards that can be used for UPI transactions. This means you can enjoy the benefits of your credit card even when you pay through UPI apps.
Here's How:
NetSafe:
Ø Visit the NetSafe website (https://netsafe.hdfcbank.com/: https://netsafe.hdfcbank.com/) or download the app.
Ø Log in using your HDFC Bank credentials.
Check Eligibility:
Ø Not all HDFC Visa and Mastercard cards are eligible for NetSafe virtual cards. Check the list provided on the NetSafe website or app.
Link Your Card:
Ø If your card is eligible, link your existing HDFC Visa/Mastercard to NetSafe.
Generate a Virtual Card:
Ø Click "Generate Virtual Card" and create a temporary 16-digit number with expiry date and CVV. This virtual card is specifically for online transactions and different from your physical card.
Connect to UPI App:
Ø Add your newly generated RuPay Digital Card to your preferred UPI app like Google Pay, PhonePe, Paytm, or BHIM.
Initiate UPI Transactions:
Ø You can now use your virtual card details within the UPI app to scan QR codes, send money, or pay online merchants.
Ø Remember, these transactions will reflect on your linked HDFC Visa/Mastercard statement, offering the same credit benefits and reward points you're accustomed to.
Key Points:
This method essentially allows you to convert your existing card's credit line into a temporary, secure virtual card usable for UPI transactions.
The virtual card adds an extra layer of security as you're not sharing your actual card details online.
You can generate multiple virtual cards with different spending limits for added control.
Remember, these virtual cards are currently for domestic transactions only.
Benefits of Using Your Digital Credit Card for UPI Transactions:
By converting your HDFC Visa or Mastercard credit cards into digital credit cards and using them for UPI transactions, you can enjoy the following benefits:
You can use your credit card limit for UPI transactions without any additional charges or fees.
You can earn reward points or cashback on your credit card for UPI transactions as per your card's features and benefits.
You can avail up to 50 days of interest-free period on your credit card for UPI transactions as per your billing cycle.
You can manage your credit card payments easily through NetBanking or mobile banking.
Conclusion:
In conclusion, the HDFC Rupay Digital Credit Card is a great option for anyone who wants to enjoy the benefits of a credit card without the hassle of physical documentation, annual fees, or interest charges. The card is linked to your HDFC savings account and allows you to spend up to 10% of your balance as credit. You can also earn cashback on every transaction and redeem it for various rewards. The card is accepted at all Rupay-enabled merchants and online platforms, and comes with security features like OTP and PIN verification. The HDFC Rupay Digital Credit Card is a smart way to manage your finances and get more value from your spending.
HDFC Bank has made it possible for its Visa and Mastercard credit card holders to use their cards for UPI transactions by converting them into digital credit cards. This is a great feature that gives you more flexibility and convenience in making online payments. If you have an HDFC Bank Visa or Mastercard credit card, you should try this feature and enjoy the benefits of your credit card even on UPI platforms.
FAQs:
Q: What is the HDFC Rupay Digital Credit Card?
A: It's a virtual credit card linked to your existing HDFC Bank Visa or Mastercard credit card, offering secure online transactions without exposing your real card details.
Q: What is NetSafe?
A: NetSafe is HDFC Bank's online platform for generating virtual card numbers from your existing physical cards. This adds an extra layer of security for online transactions.
Q: Can I convert any HDFC credit card to a Rupay Digital Card?
A: Currently, only select HDFC Bank Visa and Mastercard credit cards are eligible for NetSafe virtual card generation. Check HDFC Bank's website for a list of compatible cards.
Q: How do I convert my HDFC credit card to a Digital Card?
A: You can't directly convert your card, but you can generate a virtual card number using NetSafe on the HDFC Bank website or mobile app.
Q: Are there any charges for using the Rupay Digital Card?
A: No, generating and using virtual cards through NetSafe is currently free for eligible HDFC Bank credit cardholders.
Q: Is the Rupay Digital Card as secure as my physical card?
A: Yes, potentially even more so. Since you use a temporary virtual number instead of your actual card details, online merchants cannot store your real card information.
Q: Can I use the Rupay Digital Card everywhere my physical card works?
A: No, the Rupay Digital Card is only for online transactions at merchants accepting RuPay payments. Check the merchant's website or payment gateway for accepted card networks.
Q: What happens if I lose my phone with the virtual card details?
A: You can easily deactivate the virtual card through NetSafe and generate a new one, ensuring your real card details remain secure.
Q: Can I set spending limits for the Rupay Digital Card?
A: Yes, you can set spending limits for each virtual card you generate within NetSafe, offering additional control over your online spending.
Q: Can I use the Rupay Digital Card for international transactions?
A: Currently, the Rupay Digital Card is only for domestic transactions within India. International transactions require your physical card.
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