Today, everyone knows how rewarding and beneficial a credit card is. It offers discounts, vouchers, coupons, and rewards on every transaction made using the card. While traditional HDFC credit cards are popular, only a few people are aware that the bank also issues credit cards against fixed deposits, which allows people to apply for rewarding credit cards without worrying about their CIBIL score.
Securing a credit card against fixed deposits can be a smart way to enjoy the benefits of a credit card without impacting your credit score. In this article, we will explore the range of HDFC Bank credit cards, including business credit cards that can be issued against fixed deposits.
These secured credit cards offer various rewards and perks while terminating the need for a high credit score, making them a good choice for people who want to improve their credit score or are yet to begin their credit journey. From cashback cards to premium offerings, HDFC Bank provides a number of credit cards for people with different lifestyles.
Whether you’re a first-time credit card user or looking for ways to maximize rewards while maintaining financial security, understanding the available options can help you make proper decisions.
HDFC Bank Millennia Credit Card
One of the best cashback credit cards in the country, the HDFC Millennia Credit Card is an entry-level card with a nominal joining fee of ₹1,000 plus taxes. In addition to being a cashback card, this is also a secured credit card that can be issued against a fixed deposit in HDFC Bank. Users earn cashback on a number of spends, excluding fuel, rent, and governmental-related transactions. With all the rewarding features, the Millennia card is the best option for people who have an FD account with HDFC Bank.
HDFC Bank MoneyBack+ Credit Card
The MoneyBack+ Credit Card from HDFC Bank is another cashback card that you will earn on all retail transactions made with this card. With a minimal joining fee of ₹500 plus taxes, this card offers Cash Points on transactions made on Amazon, Flipkart, Swiggy, and BigBasket. All the points earned can be redeemed for cashbacks, vouchers, flight and hotel bookings, etc. Users should be aware that this card can be issued against a fixed deposit, making it a secured credit card. The MoneyBack+ card also offers 500 CashPoints as a welcome benefit and a milestone voucher worth ₹500.
HDFC Bank BizPower Credit Card
The HDFC Bank BizPower Credit Card is available for a joining fee of ₹2,500 + GST. It offers fantastic rewards on business expenditures and is easily accessible to small and medium enterprises. Customers can earn 5X Reward Points on selected expense categories, including tax, vendor, and business payments. Complimentary airport lounge access is also offered along with this card.
HDFC Diners Club Privilege Credit Card
The HDFC Diners Club Privilege Credit Card is a premium secured card that can be issued against a fixed deposit. With an annual fee of ₹1,000 plus taxes, users get Reward Points on retail purchases as well as on the SmartBuy portal. Other benefits include free movie tickets via BookMyShow, 20 Reward Points on Zomato and Swiggy, welcome perks of complimentary membership of Swiggy and Times Prime, complimentary domestic and international airport discounts, and milestone benefits as vouchers worth ₹1,500. Another impressive perk of this card is the low foreign currency markup fee of 1.99%, making international transactions easy and hassle-free.
HDFC Bank BizGrow Credit Card
The HDFC Bank BizGrow Credit Card is a great choice for small businesses and enterprises looking for a reliable and rewarding credit card. With a low joining fee of ₹500 plus applicable taxes, it is an affordable option. The BizGrow Credit Card allows you to earn 10X Cash Points on essential business expenses. Additionally, this card offers discounts of up to 20% on Swiggy Dineout, helping you save significantly on dining expenses.
Tata Neu Plus HDFC Bank Credit Card
The Tata Neu Plus HDFC Bank Credit Card is a co-branded card by HDFC Bank and Tata Group, ideal for shoppers who frequently buy from Tata brands. It offers 2% NeuCoins on Tata brand purchases, 1% on other brands, and an extra 5% on Tata Neu app transactions. The card comes with a ₹499 annual fee, which can be waived by spending ₹1 lakh in a year. It also provides 4 complimentary domestic lounge visits per year, a 1% fuel surcharge waiver, and a welcome bonus of 499 NeuCoins. Overall, it’s a great option for Tata brand shoppers and domestic travelers.
HDFC Bank BizFirst Credit Card
The HDFC Bank BizFirst Credit Card is designed for business expenses, offering rewards on various types of spending. With a joining and renewal fee of ₹500 (plus GST), it provides 3% CashPoints on EMI spends, 2% on utility bills, SmartPay, and Payzapp transactions, and 1% on other expenses, including UPI transactions. Cardholders receive a ₹250 voucher as a welcome benefit and can waive the renewal fee by spending over ₹50,000 annually. Rewards can be redeemed for vouchers, flight or hotel bookings, and cashback. However, there are no travel, lounge, golf, or insurance benefits associated with this card.
HDFC Regalia Gold Credit Card
Another premium card that can be issued against a fixed deposit is the HDFC Regalia Gold Credit Card. This card offers an annual fee of ₹2,500 with taxes, which can be waived on spending ₹4 lakhs in the previous year. Benefits include welcome perks of complimentary MMT Gold and Swiggy One membership, and complimentary lounge access both domestically and internationally. This card even has a promising reward rate system where users get Reward Points on retail purchases. The points earned can be redeemed for a number of things, including flight and hotel bookings, products and gift vouchers, air miles, etc.
Tata Neu Infinity HDFC Bank Credit Card
The TataNeu Infinity HDFC Bank Credit Card is a premium co-branded card launched by HDFC Bank in partnership with Tata Neu, offering great rewards and benefits for shopping, travel, and lifestyle. It comes with a ₹1,499 annual fee and provides up to 10% NeuCoins on Tata purchases, 5% on Tata brands, and 1.5% on UPI spends. Cardholders get complimentary airport lounge access, insurance coverage, and a fuel surcharge waiver. The renewal fee is waived on spending ₹3 lakhs annually. With a strong rewards program and travel perks, this card is a great choice for Tata brand shoppers and frequent travelers. This card is available against a Fixed Deposit. Those who wish to apply for it as a secured credit card can do so online and through the TataNeu app.
IndianOil HDFC Bank Credit Card
HDFC Bank even has a co-branded fuel card, which can be issued against a fixed deposit. The IndianOil HDFC Credit Card is a collaboration between the HDFC Bank and Indian Oil. With the purpose of saving money on fuel purchases, this card has an annual fee of ₹500 plus taxes. Even though this card does not offer any lifestyle perks, it still has a great reward point system where users earn 5% Fuel Points on transactions made at Indian Oil station, groceries, and bill payments. They will also earn 1 Fuel Point on all the other transactions. Another interesting perk is the earning of 50 liters of fuel every year, making this more advantageous.
Freedom Credit Card
The Freedom Credit Card from HDFC Bank is an entry-level card with an annual fee of ₹500 plus taxes. This card can be issued against a fixed deposit and mainly targets first-time credit cardholders. Users earn CashPoints on Swiggy, BookMyShow, BigBasket, Oyo, Uber, and other purchases. As a welcome benefit, users will earn 500 bonus CashPoints and receive a 1% fuel surcharge waiver on fuel transactions. Users can get their annual fee waived upon spending ₹50,000 or more in the previous year.
Bottom Line
HDFC Bank offers a range of credit cards that can be secured against fixed deposits, making them accessible to people who may not have a high credit score or want to rebuild it. These secured credit cards provide various rewards and perks, from cashback options to premium offerings. By choosing a credit card secured against a fixed deposit, users can enjoy the benefits of a credit card without worrying about affecting their credit score.
If you’re new to credit cards or want to earn rewards without needing a high credit score, HDFC Bank’s credit cards are secured by fixed deposits and give you options to match your financial needs.