Key Features & Benefits
- ✦5% CashPoints on Amazon, Flipkart, Myntra, Swiggy, Zomato, BookMyShow + 5 other top merchants
- ✦2.5% CashPoints on PayZapp/SmartBuy
- ✦1% CashPoints on all other eligible spends
- ✦2 domestic lounge visits per quarter (spend-gated at ₹1L quarterly)
- ✦1% fuel surcharge waiver
- ✦Up to 20% off on dining via Swiggy Dineout
- ✦Annual fee waiver on ₹1L annual spend
- ✦1,000 CashPoints welcome benefit
- ✦Contactless payments enabled
- ✦EMI options on large purchases
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Welcome & Joining Benefits
- ✦1,000 CashPoints on joining
Milestone Benefits
- ✦₹1L quarterly spend → 2 domestic lounge visits per quarter
- ✦₹1L annual spend → ₹1,000 annual fee waived
Pros & Cons
✓ Advantages
- ✓5% on Amazon, Flipkart, Swiggy, Zomato — covers most daily digital spending
- ✓Annual fee waiver at just ₹1L/year — very easy
- ✓1,000 welcome CashPoints = ₹1,000 credit
- ✓Great for young professionals and online shoppers
- ✓Lounge access available if you spend ₹1L/quarter
✗ Disadvantages
- ✗5% only on 10 fixed merchants — not all online stores
- ✗3.5% forex markup — not for international
- ✗CashPoints capped monthly — check current cap
- ✗Lounge spend-gated: need ₹1L/quarter
Frequently Asked Questions
What are the 10 partner merchants for 5% cashback?▼
Partners include Amazon, Flipkart, Myntra, Swiggy, Zomato, BookMyShow, and others (HDFC updates this list periodically). Check HDFC Bank's SmartBuy page for the current merchant list.
What is 1 CashPoint worth?▼
1 CashPoint = ₹0.25 when redeemed for statement credit or products. However, when redeemed on SmartBuy for vouchers, the value can be ₹0.25–₹1 depending on category. For a 5% earn rate, effective cash value is approximately 1.25%.
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