A lot of people are interested in the Tata Neu Plus HDFC Bank RuPay Credit Card. It has special features that make it great for shopping, traveling, and everyday buying. This card is made to appeal to a wide range of customers by mixing the best features of HDFC Bank and Tata. We have covered everything you need to know about the Tata Neu Plus RuPay Credit Card, such as its welcome benefits, rewards, access to airport lounges, waivers of fuel surcharges, forex markup rates, possible downsides, and fees.
Welcome Benefits
When new users receive their card, they will get 499 NeuCoins on the Tata Neu app, applicable on 1st transaction done within 30 days of card issuance and will be available to claim inside the Tata Neu App within 60 days of such transaction.
Reward System
The reward system built into the Tata Neu Plus HDFC Bank RuPay Credit Card ensures that cardholders consistently gain from their purchases.
Users receive 2% cashback as NeuCoins on Non-EMI Spends on Tata Neu and partner Tata Brands. 1% cash back as NeuCoins on Non-Tata Brand Spends and any Merchant EMI Spends. Users can link their RuPay credit card directly to their UPI app and can earn 1% cash back as NeuCoins on UPI spends (including spends on partner Tata Brands) - a maximum of 500 NeuCoins per calendar month.
Users can earn 5% cashback as NeuCoins on selected categories on Tata Neu App/Website, post downloading Tata Neu App.
Airport Lounge Access
You get 4 complimentary domestic airport lounge access per calendar year using your RuPay card. You can enjoy free Wi-Fi, refreshments, newspapers, and magazines at the lounges. Unfortunately, this card does not provide access to International Airport Lounges.
Fuel Surcharge Waiver
You get a 1% fuel surcharge waiver on fuel transactions between Rs. 400 and Rs. 5,000 at all petrol pumps in India. The maximum waiver amount is Rs. 500 per statement cycle.
Forex Markup
When it comes to international spending, the Tata Neu Plus HDFC Bank RuPay Credit Card maintains a low forex markup compared to many competitors.
Typically, currency conversion costs can vary between 2% to 3.5% with credit cards; however, this card keeps the forex markup at just 2%. This lower rate helps travelers manage their budgets without excessive fees eating into their spending money.
Potential Drawbacks
While the Tata Neu Plus HDFC Bank RuPay Credit Card has many benefits, it is essential to understand a few drawbacks.
A significant concern for potential cardholders might be that this card does not provide access to the International Airport Lounge facility. Additionally, limited exclusive partner merchants may restrict earning potential, prompting potential users to evaluate their spending habits to see if this card suits their needs.
Understanding Fees and Charges
The fees and charges of this card are as follows:
Joining Fee: Rs. 499
Renewal Fee: Rs. 499 (waived off if you spend Rs. 1 lakh or more in the preceding year)
Interest Rate: Up to 3.75% per month (45% per annum)
Cash Advance Fee: 2.5% of the amount withdrawn or Rs. 500, whichever is higher
Late Payment Fee: Rs. 100 to Rs. 1,300, depending on the statement balance
Rewards Redemption Fee: Rs. 99 per redemption request.
Meeting Eligibility Requirements
For a Salaried Indian national: Age: Min. 21 years & Max. 60 Years, Net Monthly Income > ₹25,000,
For Self Employed Indian national: Age: Min .21 years & Max. 65 Years, ITR > Rs 6 Lakhs per annum.
Final Thoughts
The Tata Neu Plus HDFC Bank RuPay Credit Card has a mix of features that are meant to help a wide range of users, from frequent travelers to regular shoppers who want to earn points. Even though there are many benefits, users need to be careful about how they use their cards, especially when it comes to interest rates, fees, and charges. Knowing the requirements for qualifying makes the application process go more quickly.
The Tata Neu Plus HDFC Bank RuPay Credit Card stands out in today's fast-paced credit card market because it is valuable and can make the cardholder's financial life better.
If you want to read a more detailed review of this card and find out its AI-powered unbiased rating, click here
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