HDFC Global Value Program (GVP): Rewards On International Spends

The Global Value Program is a service offered by HDFC Bank that allows HDFC credit cardholders to get exciting rewards and deals on international transactions. The cardholders need to register for the program by paying a joining/renewal fee of ₹199, and the membership gets renewed every year automatically. Once registered for the GVP, the cardholders can earn cashback on all their international purchases and several other benefits. For detailed information about the HDFC Global Value Program, its validity, and terms and conditions, keep reading the article:

The Global Value Program

The HDFC Bank has come up with the Global Value Program (GVP) to provide its customers with exciting opportunities to earn rewards and save more on their international spends. Almost all the retail credit cards issued by HDFC Bank are eligible for the offer and they can avail of its benefits by registering for the program and paying the joining/annual membership fee. The cardholders need to pay a joining fee of ₹199 + applicable taxes to activate the offer on their credit card, and the membership is automatically renewed every year with an annual fee of ₹199. Following are some of the key features and benefits of the Global Value Program offered by HDFC Bank:

• Annual Fee: ₹199 + GST.
• Activation Benefit: After registering for the offer, you will receive a welcome benefit of 500 bonus Reward Points on your first international transaction. This is a one-time bonus and is valid only for the first year.
• Cashback: You can earn 1% cashback on all international transactions with your HDFC Bank Credit Card, which has been registered for the offer. This offer caps the maximum cashback at ₹1,000 per statement cycle.
• Milestone Benefit: If you spend ₹1,50,000 or more on international purchases with your credit card, you get a Yatra/MakeMyTrip/ClearTrip/EaseMyTrip voucher worth ₹2,000. This benefit is applicable only once every year.

This program is valid till 4th April 2030. 

How To Avail The Offer?

HDFC Bank Credit Cardholders can register for the offer by contacting HDFC Bank customer care and requesting the customer care executives activate the offer on their credit card. The team will ask you if you have read all the terms and conditions, and once you confirm, they will activate the offer. The activation may take up to 5 business days, and once it is completed, the cardholder will be informed via SMS/email at their registered mobile number or email address. You can also activate this offer via mail.

Global Value Program can be activated on all HDFC cards, including business cards like BizPower/BizBlack.

Terms and Conditions

• The HDFC Global Value Program only applies to retail and business credit cards, not corporate and commercial cards.
• The offer is not valid on transactions like cash withdrawal, balance transfer, balance transfer on EMI, cash on-call, etc.
• This offer can not be clubbed with any other ongoing offer on HDFC Bank Credit Cards.
• If you have more than one HDFC Bank Credit Card, the spending on different cards can not be combined when calculating the total annual spending for milestone benefits.
• The offer will be renewed automatically every year. You must call the bank to cancel the offer on your card.
• The HDFC Bank reserves the sole right to exclude any merchant/cardholder from the program at any time without prior notice.
• Transactions that have been canceled or refunded will not be eligible for the offer.
• The offer is only valid for Indian residents and citizens holding HDFC Bank Credit Cards.

Check the detailed terms and conditions of the offer.

Bottom Line

If you have an HDFC Bank Credit Card, you can get rewarded on all your international transactions by registering your credit card for the exclusive Global Value Program. With a nominal annual fee of ₹199, cardholders can avail of all the program benefits. However, if you make international transactions rarely, this might not be a beneficial deal for you. However, people who make international transactions very often should undoubtedly get their credit card activated for the program.

For Premium cards like HDFC Regalia Gold, Diners Club Black Metal, or HDFC Infinia, where forex markup charges are just 2%, this offer makes a lot more sense as you get 1% cashback on forex spends up to ₹1,000 per statement cycle. So, before taking further steps, just make the necessary calculations. Also, if you have any additional doubts regarding the program, you can freely ask us in the comment section below!