Tata Neu Infinity HDFC Bank Credit Card Review

Introducing the Tata Neu HDFC Bank Infinity Credit Card, a remarkable addition to HDFC Bank’s expanding credit card portfolio. Following the lifting of the ban imposed by the Reserve Bank of India (RBI), HDFC Bank has been on a roll, consistently introducing new credit card offerings. Building on their successful collaborations with Paytm and Emirates, HDFC Bank has now joined forces with Tata Neu, a subsidiary of Tata Digital, to launch two co-branded credit cards: the Tata Neu HDFC Bank Infinity Credit Card and the Tata Neu HDFC Plus Credit Card.

Among these two options, the Infinity variant stands out as a premium credit card, offering a plethora of exclusive privileges across various categories. Designed to enhance your shopping experience, this card boasts a remarkable reward rate of up to 10%, making it one of the most attractive shopping credit cards available in the Indian market. With an annual fee of Rs. 1,499, the card not only welcomes you with benefits equivalent to its monetary value but also opens the door to exciting perks in multiple domains, including travel, insurance, and lifestyle.

The Tata Neu HDFC Bank Infinity Credit Card goes beyond the realm of shopping by offering an array of enticing features. Cardholders enjoy complimentary access to both domestic and international airport lounges, ensuring a luxurious and comfortable travel experience. Additionally, the card provides essential protection with benefits such as air accident insurance cover and card liability cover. These benefits, coupled with others, create a comprehensive package that caters to the diverse needs of discerning customers.

For a more detailed understanding of the Tata Neu HDFC Bank Infinity Credit Card, including its features, fees, and charges, continue reading to explore the exciting world of this remarkable credit card.

Tata Neu HDFC Bank Infinity Card Features and Benefits

The Tata Neu HDFC Bank Infinity Card, a co-branded shopping card launched in partnership with Tata Neu, offers a range of exciting features and benefits that enhance the cardholder’s shopping experience. With a focus on convenience and value, this card provides numerous privileges, including complimentary lounge access and insurance coverage against air accidents. Here are the detailed features and benefits of the Tata Neu HDFC Bank Infinity Card:

Welcome Benefits

• As a welcome benefit, cardholders receive 1,499 bonus Neu Coins, equivalent to the joining fee.
• To avail of this welcome benefit, cardholders must make at least one transaction using their Tata Neu Infinity Card within the first 30 days of card issuance.

Travel Benefits

HDFC Tata Neu Infinity Credit Cardholders enjoy exciting travel benefits, including:

• 8 complimentary domestic lounge access per year (capped at 2 visits per quarter) with both Visa and RuPay variants.
• 4 complimentary international lounge visits per year using a priority pass (capped at 1 per quarter) with both RuPay and Visa variants. Additional visits beyond the complimentary access will incur a usage fee of $27 per visit.

Insurance Benefits

The Tata Neu Infinity Card provides valuable insurance benefits, such as:

• Insurance cover worth Rs. 1 Crore against accidental air death.
  Emergency overseas hospitalization cover worth Rs. 15 lakhs.
• Lost card liability cover worth Rs. 9 lakhs.

Spend-Based Waiver

• Cardholders can enjoy a waiver of the renewal fee, amounting to Rs. 1,499, if they achieve an annual spend of Rs. 3 lakhs or more in the previous anniversary year.

Fuel Surcharge Waiver

• With the Tata Neu Infinity Card, cardholders receive a 1% fuel surcharge waiver on all fuel transactions ranging from Rs. 400 to Rs. 5,000.
• The maximum waiver amount per statement cycle is capped at Rs. 500.

TataNeu Infinity HDFC Bank Credit Card Rewards

Unlock a world of rewarding experiences with the TataNeu Infinity HDFC Bank Credit Card. This co-branded credit card offers an array of enticing rewards in the form of Tata Neu Coins, ensuring that every purchase you make brings you closer to exclusive benefits. Let’s explore the exciting reward rates across different categories:

• 10% NeuCoins on TataNeu app/website purchases: Enjoy a generous reward rate of 10% on all your purchases made through the TataNeu app or website. This includes the additional 5% coins you earn by activating the Neu Pass, allowing you to maximize your rewards while indulging in a seamless shopping experience.
• 5% NeuCoins on partner Tata brands: Gain 5% NeuCoins on your transactions with esteemed partner brands like AirAsia India, Tata 1mg, Tata Cliq, Croma, cult.fit, Big Basket, Westside, IHCL (Indian Hotels Company Limited), and several others. These rewarding partnerships ensure that your purchases across a diverse range of products and services are accompanied by attractive rewards.
• 1.5% NeuCoins on all other spends: Earn 1.5% NeuCoins on every other spend you make with your TataNeu Infinity Credit Card, providing you with consistent rewards across various categories. Whether it’s dining, travel, entertainment, or everyday essentials, your card ensures that you are rewarded for your spending habits.
• Exclusions from NeuCoin accrual: Please note that certain transactions are not eligible for NeuCoins accrual. This includes wallet reloads, fuel purchases, rent payments, cash withdrawals, and EMI (Equated Monthly Installment) transactions. However, for all other eligible transactions, your rewards will continue to add up, making your card usage even more rewarding.

Reward Redemption

Experience the joy of redeeming your hard-earned Neu Coins for exciting rewards with the TataNeu Infinity HDFC Bank Credit Card. Your accumulated Neu Coins can be seamlessly redeemed against a range of renowned brands, accessible through the TataNeu app or website. Let’s explore the diverse options available for reward redemption:

• AirAsia India: Exchange your Neu Coins for travel vouchers or discounts on AirAsia India flights, enabling you to embark on your next adventure with savings and convenience.
• Bigbasket: Indulge in a delightful shopping experience with Bigbasket, one of India’s leading online grocery platforms. Use your Neu Coins to offset your grocery expenses or unlock exclusive discounts on a wide range of products.
• Croma: Discover a world of cutting-edge electronics and gadgets at Croma. Redeem your Neu Coins to enjoy discounts or purchase your desired tech products at reduced prices, enhancing your digital lifestyle.
• Westside: Elevate your fashion quotient with Westside, a renowned apparel and lifestyle brand. Redeem your Neu Coins for trendy clothing, accessories, and home decor items, allowing you to express your personal style effortlessly.
• Tata CLiQ and Tata CLiQ Luxury: Immerse yourself in a premium online shopping experience with Tata CLiQ and Tata CLiQ Luxury. Use your Neu Coins to avail discounts or purchase luxury fashion, electronics, and lifestyle products from renowned international and Indian brands.
• Hotel Bookings/Purchases on IHCL: Enjoy a luxurious stay with the Indian Hotels Company Limited (IHCL) and redeem your Neu Coins for hotel bookings or purchases at IHCL properties, ensuring a memorable and rewarding hospitality experience.
• TATA 1MG: Prioritize your health and well-being with TATA 1MG. Use your Neu Coins to avail discounts on a wide range of healthcare products, medicines, diagnostics, and health services, ensuring holistic care for you and your loved ones.
• Qmin: Satisfy your culinary cravings with Qmin, Tata Group’s gourmet food delivery platform. Redeem your Neu Coins to enjoy delectable meals, discounts, or exclusive offers on a diverse selection of cuisines.
• Monetary Value of Neu Coins: Each Neu Coin holds a monetary value of Re. 1, making it easy to calculate the worth of your accumulated rewards. The more Neu Coins you earn, the greater the value you can unlock when redeeming them for your desired rewards.

Embrace the pleasure of reward redemption with the TataNeu Infinity HDFC Bank Credit Card, transforming your accumulated Neu Coins into memorable experiences, savings, and cherished moments across a wide range of renowned brands.

TataNeu Infinity HDFC Bank Credit Card Fees and Charges

When considering the HDFC Bank TataNeu Infinity Credit Card, it is essential to understand the associated fees and charges. Here are the key details you need to know:

• Joining/Annual Membership Fee: The credit card carries a joining/annual membership fee of Rs. 1,499. This fee is payable upon card activation and is applicable each year for the duration of the membership.
• Renewal Fee: Starting from the second year, the renewal fee for the TataNeu Infinity Credit Card is waived off if the cardholder achieves an annual spend of Rs. 3 lakhs or more in the previous year. This feature offers financial flexibility and rewards cardholders for their spending habits.
• Interest Rate: The credit card carries an interest rate of 3.49% per month, which translates to an annualized rate of 41.88%. It is important to understand this rate when managing your outstanding balances to avoid unnecessary interest charges.
• Cash Advance Charges: In case of cash withdrawals using the TataNeu Infinity Credit Card, a cash advance charge of 2.5% of the withdrawn amount or Rs. 500 (whichever is higher) applies. It is advisable to minimize cash advances as they attract additional charges.
• Foreign Currency Markup Fee: For transactions made in foreign currency, a markup fee of 2% is applicable on the total amount spent. This fee covers the currency conversion and processing charges associated with international transactions.

Understanding the fees and charges associated with the TataNeu Infinity HDFC Bank Credit Card allows you to make informed decisions and manage your finances effectively. It is advisable to review and consider these factors before applying for and utilizing the credit card to ensure a seamless and rewarding experience.

Tata Neu HDFC Bank Infinity Credit Card Eligibility Criteria

To be eligible for the HDFC Bank Tata Neu Infinity Credit Card, applicants must meet certain basic requirements. These eligibility criteria are designed to ensure a seamless application process and suitability for the card. Here are the key eligibility criteria for this credit card:

• Age Criteria: Applicants must fall within the age range of 21 years to 65 years for self-employed individuals and 21 years to 60 years for salaried individuals. Meeting this age criterion ensures that applicants are in the appropriate stage of their financial journey to make the most of the card’s benefits.
• Minimum Income Requirement for Salaried Employees: For salaried employees, a minimum monthly income of Rs. 1 lakh is required to be eligible for the Tata Neu Infinity Credit Card. This criterion ensures that applicants have a stable income that aligns with the card’s features and privileges.
• Minimum Income Requirement for Self-Employed Individuals: Self-employed individuals need to have a minimum annual income of Rs. 12 lakhs to be eligible for the credit card. This criterion takes into account the financial stability and capacity of self-employed applicants to handle the card’s associated responsibilities.

Meeting these eligibility criteria sets the foundation for a successful application process and enhances the likelihood of approval for the Tata Neu HDFC Bank Infinity Credit Card. It is important to note that meeting the eligibility requirements does not guarantee approval, as final approval is subject to the bank’s discretion and assessment of the applicant’s creditworthiness.

How to Apply for the Tata Neu HDFC Bank Infinity Credit Card?

Applying for the Tata Neu HDFC Bank Infinity Credit Card is a straightforward process that offers the convenience of both online and offline application methods. Whether you prefer visiting a branch or applying from the comfort of your own home, the following steps will guide you through the application process:

• Offline Application: If you prefer applying offline, simply visit the nearest HDFC Bank branch with all the necessary documents. Approach the bank officials who will provide you with the credit card application form. Fill in the form carefully, ensuring accuracy and completeness, and submit it along with the required documents.
• Online Application: To apply online, follow these simple steps:
  • Visit the official website of HDFC Bank.
  • Navigate to the ‘Borrow’ section and select ‘Credit Cards.’
  • You will be directed to a page displaying various HDFC Credit Cards categorized based on their features.
  • Under the ‘Lifestyle’ category, locate and select the Tata Neu Infinity Credit Card.
  • Click on the ‘Apply Now’ option for the chosen card.
  • You will be guided through a digital application form where you need to provide the necessary details and complete all required formalities.
• Alternative Online Application: Additionally, you can also apply for the Tata Neu HDFC Bank Infinity Credit Card through the Tata Neu official website or app. Look for the option to apply for the card under the Finance section and follow the provided instructions.

By following these steps, you can initiate your application for the Tata Neu HDFC Bank Infinity Credit Card, choosing the application method that suits your preference and convenience. Remember to provide accurate information and submit all necessary documents to facilitate a smooth and timely processing of your credit card application.

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FAQs

Does the Tata Neu Infinity HDFC Bank Credit Card provide insurance benefits?

Yes, the credit card offers insurance benefits including an insurance cover worth Rs. 1 Crore against accidental air death, an emergency overseas hospitalization cover worth Rs. 15 lakhs, and a lost card liability cover worth Rs. 9 lakhs. These insurance benefits provide added security and peace of mind for cardholders.

What is the interest rate charged on the Tata Neu Infinity HDFC Bank Credit Card?

The interest rate on the Tata Neu Infinity HDFC Bank Credit Card is 3.49% per month, which translates to an annualized rate of 41.88%. It is important to manage your outstanding balances responsibly to avoid incurring high interest charges.

How can I earn Tata Neu coins with the Tata Neu Infinity HDFC Bank Credit Card?

You can earn Tata Neu coins by making purchases on the TataNeu app/website, where you can earn up to 10% NeuCoins. Additionally, partner Tata brands offer 5% NeuCoins on eligible transactions, and all other spends earn 1.5% NeuCoins.

Is it possible to exchange my Tata Neu coins for rewards from brands that are not affiliated with Tata?

Absolutely, the TataNeu app/website offers a wide range of redemption options from brands such as AirAsia India, Bigbasket, Croma, Westside, Tata CLiQ, Tata CLiQ Luxury, IHCL hotels, TATA 1MG, and Qmin.

Conclusion

The HDFC Bank’s Tata Neu Infinity Credit Card presents an appealing choice for avid shoppers, particularly those who have a strong affinity for Tata brands. With its attractive reward rate, this card offers a great opportunity to earn Tata Neu coins that can be redeemed across a wide range of brands.

Additionally, the card’s provision of airport lounge access at a nominal annual fee is a notable advantage that is likely to capture the interest of many individuals. Fulfilling the basic eligibility requirements makes the approval process relatively straightforward, making it a viable option worth considering. If the card aligns with your requirements and preferences, it is certainly worth exploring as a potential credit card solution.

Author: Vedanti KiranVedanti is a female finance writer, currently pursuing her studies at Hansraj College. She has a passion for writing and travelling, and her articles on the stock market, finance, investment, and cryptocurrency are well-researched and informative. With her unique perspective on the world of finance, Vedanti is a go-to source for those seeking insights into the world of finance.