HDFC Bank has a long track record of launching unique credit cards in India. Innovation in the credit card space has been the forte of HDFC. The HDFC Pixel Go Credit Card is a continuation of HDFC's innovation legacy. In this detailed, unbiased review, we will cover its features, pros and cons, fees, and more in detail.
Discovering the HDFC Pixel Go RuPay Credit Card
HDFC claims that HDFC Pixel Go Credit Card is India's first virtual credit card. Multiple credit card companies have launched a virtual version of their existing physical credit cards in the past. However, in the case of Pixel Go, no physical credit card is issued, only a digital version of the credit card is issued. Hence, HDFC's claim may be accurate that it is the first virtual credit card in India.
Benefits of HDFC Pixel Go RuPay Credit Card
1. Attractive Reward Program
The HDFC Pixel Go Credit Card offers a straightforward rewards program. Users receive a flat 1% unlimited cashback on most standard purchases. Excluded categories include fuel, tax payments, and government transactions. For transactions made through the HDFC Smart Buy App, cardholders can earn an enhanced 5% cashback, capped at 500 reward points per statement cycle. " Users can link their RuPay card to UPI and can get 1% cashback on all UPI spends.
2. Welcome Benefits
The joining fee for the HDFC Pixel Go Credit Card is waived if the cardholder spends INR 10,000 or more within the first 90 days of card issuance.
3. Dining Benefits
HDFC Pixel Go Credit Card holders can enjoy up to 25% off on their restaurant bills when dining out at participating restaurants.
This discount is facilitated through Swiggy Dineout, Swiggy's platform for restaurant reservations and bill payments.
Drawbacks Associated With HDFC Pixel Go RuPayCredit Card
1. Low Cashback Rate
Compared to other credit cards, a 1% general cashback rate is a relatively low reward rate. Frequent spenders might find better deals elsewhere.
2. Limited Perks
This card lacks features like travel insurance, airport lounge access, or reward points multiplication on specific categories. Overall, the card scores low on perks and value-added features.
3. Dependence on the PayZapp App
Since the card is a completely virtual credit card, some users may feel inconvenient. Especially the users who are in their thirties.
Eligibility
The HDFC Pixel Go Credit Card has a low eligibility threshold.
For Salaried: Age: Min 21 yrs & Max 60 yrs. Income: Gross Monthly Income > ₹8,000.
For self-employed. Age: Min 21 yrs & Max 65 yrs. Income: ITR > ₹6.0 Lakhs per annum
Fees and Charges Breakdown
Understanding the charges associated with the HDFC Pixel Go Credit Card is essential for informed financial decisions. Here’s a quick summary of the main charges:
Joining Fees: INR 250
Interest Rate: 3.6% per month (i.e., 43.2% per annum)
Cash Advance Charges: 2.5% or ₹500, whichever is higher.
Late Payment Charges: Ranges from INR 0 to INR 1300.
Foreign Currency Mark-up Fees: 3.5%
For anyone looking to apply, being aware of these fees helps in maximizing the benefits of the card while managing costs.
Final Thoughts on the HDFC Pixel Go RuPay Credit Card
Because of its low eligibility criterion, the HDFC Pixel Go Credit Card is a good choice for first-time credit card users and freshers, as well as people with low incomes. However, for every other group of people, there are other superior solutions available. Potential cardholders should carefully evaluate the associated fees, reward redemption limitations, and availability requirements. A thoughtful assessment of personal spending patterns will help determine if this card matches individual financial goals.
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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