Here you will find the detailed information related to hdfc bank equitas excite credit card. The key benefits , features and eligibility of the credit card.
Table of Contents
Introduction
The financial landscape in India is evolving rapidly, with banks collaborating to offer innovative solutions tailored to customer needs. One such collaboration is between HDFC Bank, one of India’s leading private sector banks, and Equitas Small Finance Bank, known for its focus on financial inclusion and personalized banking services. This partnership aims to provide customers with a unique credit card offering that combines the strengths of both institutions.
In line with this collaboration, the HDFC Bank Equitas Excite Credit Card has been launched, catering to individuals looking for a rewarding and feature-rich credit experience. This card brings together HDFC Bank’s expertise in credit card solutions and Equitas Bank’s deep customer insights, ensuring a seamless financial tool for everyday spending.
Who is this card for?
The HDFC Equitas Excite Credit Card is ideal for:
- First-time credit card users seeking an easy-to-manage card with exciting benefits.
- Salaried and self-employed professionals looking for a card with attractive rewards and lifestyle perks.
- Equitas Small Finance Bank customers who want to extend their banking relationship with exclusive offers.
- Frequent shoppers and travelers who wish to maximize savings through cashback and rewards programs.
Key Features of HDFC Bank Equitas Excite Credit Card
The HDFC Bank Equitas Excite Credit Card is designed to offer a rewarding experience with a host of benefits, making it an attractive option for both first-time and seasoned credit card users. Here are the key features that set this card apart:
1. Welcome Benefits
New cardholders can enjoy exciting welcome offers, which may include:
- Bonus Reward Points: Earn a set number of reward points upon first transaction within a specified period.
- Joining Cashback Offers: Get cashback on initial spending at partner merchants or online platforms.
- Complimentary Vouchers: Avail e-vouchers from popular brands such as Amazon, Flipkart, and lifestyle stores.
- Fuel Surcharge Waiver: Enjoy savings on fuel transactions right from the start.
Note: Welcome benefits are subject to terms and conditions and may vary from time to time.
2. Cashback and Rewards System
The Excite Credit Card offers a lucrative rewards program that allows users to earn points on their everyday spending:
- Accelerated Rewards: Higher reward points on spending in categories like groceries, dining, and online shopping.
- Cashback Offers: Earn up to a certain percentage of cashback on transactions at select merchant partners.
- Reward Points Redemption: Redeem accumulated points for a variety of options, including:
- Merchandise from HDFC’s rewards catalog.
- Air miles for travel bookings.
- Gift vouchers and statement credit.
- Milestone Benefits: Additional bonus points or cashback on achieving specific spending thresholds.
3. Annual Fee and Waiver Criteria
The card comes with a competitive annual fee, with easy waiver options based on spending patterns:
- Annual Fee Structure: A nominal joining and renewal fee applicable annually.
- Waiver Criteria:
- Spend a minimum amount within the first year to get the joining fee reversed.
- Annual fee waiver upon achieving a predetermined spending milestone in the previous year.
- Renewal Fee Benefits: Enjoy continued usage perks and exclusive benefits upon renewal.
4. Exclusive Offers and Discounts
Cardholders can take advantage of numerous exclusive deals across various categories, such as:
- Dining Discounts: Special offers at partner restaurants across India.
- E-commerce Offers: Exclusive cashback and discounts on popular shopping platforms like Amazon, Flipkart, and Myntra.
- Travel Privileges: Discounts on hotel bookings, flight tickets, and airport lounge access.
- Entertainment Benefits: Cashback and offers on movie ticket bookings through partner portals.
- Fuel Surcharge Waiver: Save on fuel expenses at authorized petrol pumps.
With these attractive features, the HDFC Bank Equitas Excite Credit Card stands out as a rewarding financial companion for everyday transactions, offering value across spending categories.
Eligibility Criteria for HDFC Bank Equitas Excite Credit Card
To apply for the HDFC Bank Equitas Excite Credit Card, applicants must meet certain eligibility requirements related to age, income, and documentation. Meeting these criteria ensures a smooth approval process and helps applicants maximize the benefits of the card.
1. Age Requirements
The minimum and maximum age limits for applicants are as follows:
- For Salaried Individuals:
- Minimum age: 21 years
- Maximum age: 60 years
- For Self-Employed Individuals:
- Minimum age: 21 years
- Maximum age: 65 years
Applicants should be within the specified age range at the time of application.
2. Income Criteria
The income eligibility varies based on employment type:
- Salaried Individuals:
- A minimum monthly income of ₹25,000 – ₹30,000 (subject to change based on location and employer profile).
- Self-Employed Individuals:
- A minimum annual income of ₹4 lakh – ₹5 lakh, supported by financial documents such as Income Tax Returns (ITR).
Applicants should have a stable and verifiable source of income to qualify for the credit card.
3. Required Documentation
To complete the application process, applicants must provide the following documents for verification:
- Identity Proof (Any one of the following):
- Aadhaar Card
- PAN Card (mandatory)
- Voter ID
- Passport
- Driving License
- Address Proof (Any one of the following):
- Aadhaar Card
- Utility Bills (Electricity, Water, Gas – not older than 3 months)
- Passport
- Rental Agreement
- Income Proof:
- Latest Salary Slips (last 3 months) – for salaried individuals
- Income Tax Returns (ITR) – for self-employed individuals
- Bank Statements (showing income transactions for the last 6 months)
- Passport-sized Photographs (as per bank’s requirements).
Having all the required documents ready can help expedite the application process and avoid delays.
How to Apply for the HDFC Bank Equitas Excite Credit Card
Applying for the HDFC Bank Equitas Excite Credit Card is a simple and convenient process, with both online and offline options available. Whether you prefer the ease of digital applications or visiting a branch for personalized assistance, here’s a step-by-step guide to help you apply.
1. Online Application Process
Applying online is the quickest and most efficient way to get your Excite Credit Card. Follow these steps:
Step 1: Visit the Official Website
- Go to the official website of HDFC Bank or Equitas Small Finance Bank.
- Navigate to the Credit Cards section and select Excite Credit Card.
Step 2: Fill Out the Online Application Form
- Enter personal details such as:
- Full Name
- Date of Birth
- Contact Details (Email & Mobile Number)
- PAN Number and Aadhaar (if required)
- Provide employment and income details as per eligibility criteria.
Step 3: Upload Required Documents
- Submit scanned copies of identity proof, address proof, and income proof.
- Ensure documents are clear and meet the bank’s specifications.
Step 4: Review and Submit
- Double-check the details provided and submit the application.
- An application reference number will be generated for tracking purposes.
Step 5: Verification Process
- The bank will review your application and may contact you for additional verification or clarifications.
- Once approved, the credit card will be dispatched to your registered address.
2. Offline Application at Branches
For those who prefer a face-to-face approach, you can apply for the card at any HDFC Bank or Equitas Small Finance Bank branch. Follow these steps:
Step 1: Visit the Nearest Branch
- Find the closest HDFC or Equitas branch using the online branch locator.
Step 2: Collect and Fill the Application Form
- Obtain the physical application form from the bank representative.
- Fill in the required details accurately.
Step 3: Submit Documents
- Provide photocopies of required documents such as identity, address, and income proof.
- The bank representative will verify the details and initiate the processing.
Step 4: Receive Acknowledgment
- Upon submission, you will receive an acknowledgment slip with a reference number for tracking.
Step 5: Approval and Card Dispatch
- Post verification, the bank will issue the card and send it to your registered address within the stipulated time.
3. Application Tracking Options
Once you’ve applied for the card, tracking the status of your application is easy through the following methods:
- Online Tracking:
- Visit the HDFC Bank website and navigate to the ‘Track Application’ section.
- Enter your application reference number and registered mobile number to check the status.
- SMS Updates:
- HDFC Bank may provide real-time updates via SMS to your registered number.
- Customer Support:
- Call the HDFC Bank or Equitas customer service helpline and provide your application number to get an update.
Fees and Charges of HDFC Bank Equitas Excite Credit Card
Understanding the fees and charges associated with the HDFC Bank Equitas Excite Credit Card is crucial to managing your finances effectively. Below is a breakdown of the key charges you should be aware of before applying for the card.
1. Annual Fees
- Joining Fee: ₹499 + applicable taxes (one-time fee charged when the card is issued).
- Annual/Renewal Fee: ₹499 + applicable taxes (charged every year).
- Annual Fee Waiver:
- The renewal fee can be waived off if the cardholder spends ₹50,000 or more in the previous year.
- Special promotional offers may include fee waivers for first-time applicants.
Tip: Take advantage of the waiver criteria by planning your spending to maximize rewards and avoid paying the annual fee.
2. Interest Rates
- Monthly Interest Rate (Finance Charges): 3.6% per month (approximately 43.2% per annum).
- Interest-Free Period: Up to 50 days, provided there is no outstanding balance from the previous billing cycle.
- Minimum Amount Due: 5% of the total outstanding balance or a minimum of ₹200, whichever is higher.
Tip: To avoid high interest charges, always try to pay the full outstanding amount before the due date.
3. Late Payment Penalties
If you miss the due date for payment, the following penalties will be applicable based on the outstanding balance:
- Outstanding up to ₹500: No charge.
- ₹501 – ₹5,000: ₹500 penalty.
- ₹5,001 – ₹10,000: ₹700 penalty.
- Above ₹10,000: ₹1,200 penalty.
Tip: Set up auto-debit or reminders to avoid late payment penalties and maintain a good credit score.
4. Foreign Exchange Markup
- Forex Transaction Charges: 3.5% of the total transaction amount (plus applicable taxes) for transactions made in foreign currency.
Tip: If you frequently travel abroad, consider using a forex card for lower currency conversion fees.
Additional Fees to Consider
- Cash Advance Fee: 2.5% of the withdrawn amount or ₹500 (whichever is higher).
- Card Replacement Fee: ₹100 for re-issuance of a lost or damaged card.
- Overlimit Charges: 2.5% of the over-limit amount, subject to a minimum of ₹500.
- Reward Redemption Fee: ₹99 per redemption request.
Rewards and Cashback Program for HDFC Bank Equitas Excite Credit Card
The HDFC Bank Equitas Excite Credit Card offers an attractive rewards and cashback program, making it ideal for users who want to earn rewards on their everyday spending. Here’s a detailed look at how you can accumulate and redeem points effectively.
1. Points Accumulation Process
Cardholders can earn reward points on eligible transactions based on their spending patterns. The reward point structure is as follows:
- Online Shopping (E-commerce):
- Earn 5X reward points per ₹150 spent on popular platforms like Amazon, Flipkart, and Myntra.
- Dining & Entertainment:
- Get 3X reward points per ₹150 spent at restaurants, movie theatres, and online food delivery platforms.
- Utility Bill Payments:
- Accumulate 2X reward points per ₹150 spent on electricity, water, and mobile bill payments.
- General Retail Spending:
- Earn 2 reward points per ₹150 spent on all other retail purchases (excluding fuel, rent, and wallet reloads).
- Fuel Purchases:
- Although fuel transactions do not earn points, the card offers a 1% fuel surcharge waiver at select petrol stations.
Key Notes:
- Reward points are credited within 30-45 days of the transaction.
- No reward points are earned on rent payments, cash advances, fuel, and wallet reloads.
- The reward accumulation has no upper limit, allowing you to earn unlimited points.
2. Redemption Options
Once you have accumulated reward points, they can be redeemed across multiple options based on your preferences. Redemption is easy and offers great value in the following categories:
- Gift Vouchers:
- Redeem points for vouchers from popular brands such as Amazon, Flipkart, and Lifestyle stores.
- Cashback/Statement Credit:
- Convert points into statement credit to reduce your outstanding balance.
- Air Miles:
- Use reward points to book flights or upgrade travel bookings via airline partners.
- Lifestyle and Merchandise:
- Redeem points for a variety of products, including electronics, home appliances, and fashion items from the HDFC rewards catalog.
- Dining and Travel Discounts:
- Avail discounts and offers at partnered restaurants, hotels, and travel services.
Redemption Process:
- Log in to HDFC Bank NetBanking and navigate to the ‘Redeem Rewards’ section.
- Select the preferred redemption category and confirm the process.
- A nominal processing fee of ₹99 + GST applies per redemption request.
3. Categories Offering the Highest Rewards
To maximize the benefits of your Excite Credit Card, focus on these spending categories that offer the highest reward multipliers:
- E-commerce Platforms (5X Points):
- Online shopping on platforms like Amazon, Flipkart, and Myntra offers the highest reward points.
- Dining & Entertainment (3X Points):
- Spending at restaurants, movie theatres, and food delivery services provides additional rewards.
- Utility Payments (2X Points):
- Paying monthly bills such as electricity, water, and mobile recharges helps accumulate more points consistently.
Pro Tip: Plan your high-value purchases during partner offers to maximize rewards and get the best value for your spending.
Exclusive Partner Benefits of HDFC Bank Equitas Excite Credit Card
The HDFC Bank Equitas Excite Credit Card offers a range of exclusive benefits and discounts in collaboration with various partner brands. Cardholders can enjoy significant savings across travel, dining, entertainment, and online shopping categories, making it a rewarding experience for everyday spending.
1. Discounts on Travel and Dining
With this credit card, you can unlock exclusive deals on flights, hotels, and restaurants:
- Travel Offers:
- Up to 15% discount on domestic and international flight bookings through partner travel portals like MakeMyTrip, Cleartrip, and Yatra.
- Special discounts on hotel bookings at select premium chains, including OYO, Taj, and ITC Hotels.
- Complimentary access to domestic airport lounges (up to 2 visits per quarter) at select airports across India.
- Dining Offers:
- Up to 20% off at partner restaurants across major cities in India through the HDFC Bank Dineout program.
- Additional cashback and reward points on food delivery platforms like Swiggy and Zomato.
- Complimentary desserts, appetizers, or discounts on bills at select fine-dining outlets.
Pro Tip: Use the card while dining out or booking travel in advance to enjoy maximum discounts and privileges.
2. Entertainment Offers
Enjoy exclusive benefits when booking movies and entertainment experiences:
- Movie Ticket Discounts:
- Get “Buy 1 Get 1 Free” offers on movie tickets booked through platforms like BookMyShow and Paytm Movies (limited to twice a month).
- Cashback up to ₹150 on monthly movie spends when using the card for online bookings.
- Live Events & Concerts:
- Special discounts and early access to tickets for concerts, sporting events, and cultural festivals.
- Complimentary access to select partner events with exclusive seating options.
Pro Tip: Plan your entertainment outings with these offers to maximize savings and rewards.
3. Online Shopping Perks
The HDFC Bank Equitas Excite Credit Card provides lucrative benefits for avid online shoppers:
- Exclusive E-commerce Discounts:
- Up to 10% cashback on online shopping at Amazon, Flipkart, and Myntra during special sale periods.
- Exclusive discounts and extra reward points on electronics, fashion, and groceries purchased from partner websites.
- EMI Benefits:
- 0% EMI options available on purchases from leading online stores, making big-ticket items more affordable.
- Flexible repayment tenures ranging from 3 to 12 months.
- Wallet and Subscription Offers:
- Additional cashback and discounts on digital wallet recharges and payments made via Paytm, Google Pay, and PhonePe.
- Discounts on subscriptions to platforms like Netflix, Amazon Prime, and Spotify when paid via the Excite Credit Card.
Pro Tip: Look out for HDFC’s festive sales and cashback campaigns to maximize your savings.
Comparison with Other HDFC Credit Cards
The HDFC Bank Equitas Excite Credit Card offers a unique set of benefits, but how does it compare to other popular HDFC credit cards like the HDFC Millennia Credit Card, HDFC Regalia Credit Card, and HDFC MoneyBack Credit Card? This comparison will help you determine which card is the best fit for your spending habits and financial goals.
1. HDFC Equitas Excite Credit Card vs. HDFC Millennia Credit Card
Target Audience:
- Equitas Excite: Ideal for individuals who shop online, dine out, and use the card frequently for utility bill payments.
- Millennia: Best suited for millennials and young professionals who want rewards on lifestyle spending, especially in the e-commerce and travel sectors.
Key Features:
- Millennia Credit Card:
- 5X Reward Points on online shopping, dining, and entertainment.
- 2X Reward Points on travel bookings, groceries, and utility bill payments.
- Offers complimentary airport lounge access and exclusive shopping discounts.
- Annual Fee: ₹1,000 (waivable based on spending criteria).
- Equitas Excite Credit Card:
- 5X Reward Points on online shopping with platforms like Amazon, Flipkart.
- 3X Reward Points on dining and entertainment.
- Exclusive dining discounts, travel perks, and movie ticket offers.
- Annual Fee: ₹499 (waivable with spend criteria).
Comparison:
- Millennia offers higher rewards on travel, groceries, and utility payments compared to Equitas Excite. However, Equitas Excite is better for those who spend more on dining, entertainment, and e-commerce.
- Millennia offers a higher annual fee but is more focused on a broader range of lifestyle benefits.
2. HDFC Equitas Excite Credit Card vs. HDFC Regalia Credit Card
Target Audience:
- Equitas Excite: Best for people who value cashback, dining, entertainment, and online shopping rewards.
- Regalia: Ideal for high-income earners looking for premium benefits such as luxury travel, concierge services, and higher reward points on a wide variety of spends.
Key Features:
- Regalia Credit Card:
- 4 reward points per ₹150 on all retail spends (including travel, dining, and shopping).
- Exclusive airport lounge access (both domestic and international).
- Concierge services for premium support and assistance.
- Annual Fee: ₹2,500 (waivable based on spending criteria).
- Equitas Excite Credit Card:
- 5X Reward Points on online shopping, 3X on dining and entertainment, and 2X on utility bills.
- Airport lounge access (limited).
- Annual Fee: ₹499 (waivable with spend criteria).
Comparison:
- Regalia offers a more premium experience with higher reward points on a wider range of spending categories and more luxurious benefits like concierge services and international lounge access.
- Equitas Excite offers a lower annual fee and better rewards for dining and e-commerce, making it an attractive option for those focused on value-driven spending rather than luxury perks.
3. HDFC Equitas Excite Credit Card vs. HDFC MoneyBack Credit Card
Target Audience:
- Equitas Excite: Best for users who enjoy a balance of lifestyle benefits and higher rewards on online shopping, dining, and entertainment.
- MoneyBack: Ideal for those who prefer straightforward cashback rewards and want easy redemption options.
Key Features:
- MoneyBack Credit Card:
- 2% cashback on all retail spends (as cashback or as reward points).
- 10% cashback on select online categories, such as Amazon, Flipkart, and Myntra.
- Annual Fee: ₹500 (waivable based on spend criteria).
- Equitas Excite Credit Card:
- 5X Reward Points on online shopping, 3X on dining and entertainment, and 2X on utility bill payments.
- Cashback offers through partnered merchants like Swiggy, Zomato, etc.
- Annual Fee: ₹499 (waivable with spend criteria).
Comparison:
- MoneyBack provides simple cashback, which is great for those who want direct monetary rewards. Equitas Excite focuses on a points-based rewards system, offering higher rewards in specific categories like dining and online shopping.
- If you prefer cashback, MoneyBack is a straightforward choice. However, if you’re looking for more flexibility in redeeming points and additional lifestyle benefits, Equitas Excite may be a better option.
Choosing the Right Card Based on Spending Habits
- If you spend a lot on online shopping, dining, and entertainment:
Choose the HDFC Equitas Excite Credit Card for higher rewards (5X points on e-commerce, 3X on dining and entertainment). - If you are a young professional with diverse lifestyle needs (e.g., travel, shopping, and dining):
The HDFC Millennia Credit Card might be more suited to you due to its broad rewards structure across various categories. - If you travel frequently and seek premium benefits:
Go for the HDFC Regalia Credit Card for luxury perks like airport lounge access, concierge services, and comprehensive reward points on all spending. - If you prefer cashback with simpler redemption options:
Opt for the HDFC MoneyBack Credit Card for direct cashback benefits, especially on online shopping and everyday spending.
Security Features of HDFC Bank Equitas Excite Credit Card
HDFC Bank places a high emphasis on ensuring the security of its credit cardholders. The Equitas Excite Credit Card is equipped with advanced security features that safeguard your transactions and personal information. Here are the key security measures you can rely on when using this card.
1. Contactless Payment Options
The HDFC Equitas Excite Credit Card comes with a contactless payment feature that makes transactions faster, more convenient, and secure:
- How It Works:
- Simply tap your card on any contactless-enabled point-of-sale (POS) terminal to complete your payment without needing to enter a PIN (for transactions under ₹5,000).
- The card uses Near Field Communication (NFC) technology, ensuring that payment information is securely transmitted and only accepted when the card is physically close to the terminal.
- Security Benefits:
- No Contact, No PIN: This reduces the risk of skimming or card theft since you don’t need to swipe or insert the card.
- Encryption Technology: Each transaction is encrypted, making it more secure than traditional magnetic stripe cards.
- Transaction Limits: For added security, transactions above ₹5,000 will require a PIN or biometric authentication, providing an extra layer of protection.
Tip: Always keep your card within your sight when using contactless payments to prevent unauthorized tapping.
2. Fraud Protection Measures
HDFC Bank offers a range of fraud protection features that ensure your Equitas Excite Credit Card is protected against unauthorized use:
- EMV Chip Technology:
- The card is equipped with a chip that generates unique transaction codes for every purchase, making it nearly impossible for fraudsters to clone your card.
- The chip prevents frauds like card skimming and counterfeit transactions, providing enhanced security over traditional magnetic stripe cards.
- One-Time Password (OTP) Verification:
- For online and high-value transactions, an OTP is sent to your registered mobile number to confirm the authenticity of the transaction.
- The OTP-based system adds a strong layer of protection to prevent unauthorized online purchases.
- Transaction Alerts:
- HDFC Bank sends real-time SMS and email alerts for every transaction made with your card. This allows you to quickly identify any unauthorized activities.
- If you spot any suspicious activity, you can immediately block the card via HDFC’s mobile app or customer service.
- 24/7 Fraud Detection System:
- HDFC Bank employs AI-driven fraud monitoring systems to track unusual spending patterns. If the system detects any suspicious activity, the bank will proactively block the card and notify you.
Tip: Ensure your mobile number and email are updated with the bank to receive timely alerts and notifications.
3. Customer Support for Security Concerns
If you encounter any security-related concerns or suspect fraudulent activity, HDFC Bank provides dedicated customer support services:
- 24/7 Helpline:
- For emergency issues, such as card loss or suspected fraud, you can contact HDFC Bank’s 24/7 customer support at 6160 6161 or 1800 202 6161 (toll-free).
- They will assist you with blocking the card, investigating the issue, and issuing a replacement card.
- Online Support:
- Use the HDFC Bank mobile app or NetBanking to quickly report any suspicious transactions and block or replace your card.
- The app also allows you to manage your security settings, including enabling/disabling international transactions and adjusting your card limits.
- Dispute Resolution:
- In case of unauthorized transactions, HDFC offers a fraud dispute resolution process where you can file a complaint and investigate the charges. The bank will guide you through the process, ensuring that you are not liable for fraudulent charges if reported promptly.
Tip: Always report any lost or stolen card immediately to minimize the risk of unauthorized transactions.
Pros of HDFC Bank Equitas Excite Credit Card
- Generous Rewards Program
- 5X reward points on online shopping (Amazon, Flipkart, Myntra).
- 3X reward points on dining and entertainment.
- 2X reward points on utility bill payments, making it ideal for those who have regular household and monthly expenses.
- No upper limit on rewards accumulation, allowing you to earn unlimited points based on your spending.
- Low Annual Fee
- The card has a relatively low annual fee of ₹499, which can be waived off based on annual spending, making it accessible for a wide audience.
- The card provides a solid value proposition for individuals who spend a lot on e-commerce, dining, and utility payments.
- Exclusive Partner Benefits
- Discounts on travel bookings via partners like MakeMyTrip, Cleartrip, and Yatra.
- Dining discounts at select restaurants and food delivery platforms like Swiggy and Zomato.
- Movie ticket offers through platforms like BookMyShow (e.g., Buy 1 Get 1 Free).
- Contactless Payments for Convenience and Security
- NFC (Near Field Communication) enabled for fast and secure contactless payments for transactions below ₹5,000.
- Encryption technology ensures secure transactions with minimized fraud risk.
- Fraud Protection
- Real-time SMS and email alerts for every transaction.
- AI-driven fraud detection system to monitor and block suspicious activities automatically.
- OTP verification for online transactions and high-value purchases.
- Customer Support and Security Measures
- 24/7 customer support for reporting card loss or fraudulent transactions.
- Easy card blocking and dispute resolution through HDFC’s mobile app or NetBanking.
Cons of HDFC Bank Equitas Excite Credit Card
- Limited Lounge Access
- While the card offers airport lounge access, it is limited to 2 visits per quarter (domestic lounges only), which may not be sufficient for frequent travelers.
- Moderate Redemption Options
- The card’s reward points can be redeemed for gift vouchers, cashback, and merchandise, but some users may find the process slightly more complex compared to direct cashback cards.
- Nominal redemption fee of ₹99 + GST per request could add up for frequent redeemers.
- Annual Fee Waiver Criteria
- Although the annual fee is relatively low, it is waivable only with a high level of spending (typically ₹1-2 lakh annually). For individuals who spend less, the fee might not be easily waived off.
- Limited Benefits on Fuel Purchases
- The card offers a 1% fuel surcharge waiver at select stations but does not provide any significant rewards on fuel spends, which may be a drawback for people who spend a lot on fuel.
- Potential Foreign Transaction Fees
- While the card is excellent for domestic spending, the foreign transaction markup fee (typically around 3.5%-4%) could be a downside for those who travel internationally or make overseas purchases.
- Reward Points on Specific Categories
- Some spending categories like rent payments, cash withdrawals, and wallet reloads do not earn rewards, which might be limiting for users who make frequent payments in these categories.
Customer Reviews and Testimonials for HDFC Bank Equitas Excite Credit Card
The HDFC Bank Equitas Excite Credit Card has garnered attention from users for its variety of benefits and features. Below are some common feedback points, including ratings and experiences shared by existing cardholders. This will provide a well-rounded perspective to help you decide whether this card suits your needs.
Positive Feedback from Users
- Rewarding Cashback and Points System
- Rating: ★★★★☆ (4/5)
- Feedback:
- Many cardholders have expressed satisfaction with the 5X reward points on online shopping, especially with platforms like Amazon and Flipkart.
- Some users have shared that they quickly accumulate a significant number of points, which can be redeemed for a variety of rewards like vouchers and merchandise.
- “I shop online frequently, and the rewards system on this card is fantastic. I get rewards at places I shop regularly, which makes it worth every penny of the annual fee.” – Ravi, Mumbai
- Affordable Annual Fee
- Rating: ★★★★☆ (4.5/5)
- Feedback:
- A recurring theme in reviews is the low annual fee of ₹499 and how it is easily waived with regular spending.
- “The fee is so low compared to other cards, and I love how I don’t have to worry about hitting a huge spending target to get it waived. Very cost-effective for the benefits it offers.” – Sonia, Delhi
- Great Dining and Entertainment Benefits
- Rating: ★★★★☆ (4.2/5)
- Feedback:
- Users particularly appreciate the dining discounts and Buy 1 Get 1 Free movie ticket offers through platforms like BookMyShow.
- “The dining discounts are a great perk! I enjoy eating out with friends, and the offers help me save a lot. Plus, the movie offers are great for weekends.” – Vishal, Bangalore
- Security Features
- Rating: ★★★★★ (5/5)
- Feedback:
- Many users have praised the contactless payment option and the fraud protection measures such as real-time alerts and OTPs for online transactions.
- “I feel safe using this card for my online purchases because of the real-time alerts. The OTPs ensure that I’m aware of every transaction.” – Priya, Pune
Constructive Feedback from Users
- Limited Lounge Access
- Rating: ★★★☆☆ (3/5)
- Feedback:
- Some users have pointed out that the lounge access is limited to two visits per quarter, which may not be enough for frequent flyers.
- “The lounge access is a great perk, but two visits per quarter are not enough for someone who travels frequently. I wish they had more visits included or a higher allowance.” – Ankit, Chennai
- Redemption Process Could Be Simpler
- Rating: ★★★☆☆ (3.5/5)
- Feedback:
- A few users have mentioned that while the rewards points system is great, the redemption process could be more streamlined and faster.
- “The points are useful, but the redemption process isn’t as smooth as I would like it to be. It’s not as straightforward as getting cashback, which can be a little frustrating.” – Aditi, Kolkata
- Foreign Transaction Fees
- Rating: ★★☆☆☆ (2.5/5)
- Feedback:
- A handful of cardholders traveling abroad have expressed concern over the foreign transaction markup fees of around 3.5%-4%.
- “I like the card overall, but the foreign transaction fee is quite high. It’s not the best card if you make a lot of international purchases or travel frequently.” – Alex, Hyderabad
- No Major Benefits on Fuel Purchases
- Rating: ★★★☆☆ (3/5)
- Feedback:
- While the card offers some benefits for fuel purchases, it lacks significant rewards or benefits on fuel transactions.
- “I do a lot of driving, but I wish this card had more rewards or discounts for fuel. It’s mainly useful for online shopping and dining.” – Rahul, Ahmedabad
Summary of Customer Ratings
- Overall Rating: ★★★★☆ (4.2/5)
- Pros:
- Generous rewards program, especially for online shopping and dining.
- Affordable annual fee with easy waiver.
- Excellent security features and fraud protection.
- Attractive partner discounts on travel, dining, and entertainment.
- Cons:
- Limited airport lounge access.
- Redemption process could be more user-friendly.
- High foreign transaction fees.
- No significant rewards for fuel purchases.
Tips for Maximizing Benefits with the HDFC Bank Equitas Excite Credit Card
To get the most value out of your HDFC Bank Equitas Excite Credit Card, it’s essential to make strategic use of its rewards program, partner benefits, and security features. Here are some smart spending strategies and tips for avoiding common mistakes to help you maximize the benefits of this card.
1. Smart Spending Strategies
Focus on Reward-Boosting Categories
- Maximize Online Shopping Rewards (5X points):
Use your Equitas Excite Credit Card for online shopping, especially on platforms like Amazon, Flipkart, Myntra, and Snapdeal. This category earns 5X reward points, so buying essentials or luxury items online can yield great returns.- Tip: Set this as your default payment method for your favorite e-commerce websites to automatically earn 5X points on every purchase.
Take Advantage of Dining and Entertainment Rewards (3X points)
- If you frequently dine out or go to movies, this card offers 3X points on dining and entertainment.
- Tip: Use the card when dining at partner restaurants or booking movie tickets on BookMyShow to enjoy discounts and earn additional points.
Pay Utility Bills with Your Card (2X points)
- Utility payments such as electricity, water, gas, and internet bills earn 2X reward points. By paying these with your Equitas Excite Credit Card, you can accumulate rewards effortlessly.
- Tip: Set up automatic bill payments through your card to ensure you never miss an opportunity to earn points.
Use for Regular Expenses
- Day-to-day purchases such as groceries, fuel, and transportation also earn reward points, though they’re not the highest. Still, they contribute to your overall points accumulation.
- Tip: While you may not earn as many points, using your card for these small purchases can add up over time.
2. Utilizing Reward Programs Efficiently
Timely Redemption of Points
- Redeem Your Points for Vouchers and Merchandise:
The points you earn can be redeemed for a variety of items such as gift vouchers, merchandise, or cashback. Make sure to redeem points before they expire, which typically happens after 2 years from the date of earning.- Tip: Stay updated on the expiration dates and redeem points regularly to avoid losing them.
Check for Partner Offers
- The Equitas Excite Credit Card provides exclusive discounts and offers with travel, dining, and entertainment partners like Swiggy, Zomato, Yatra, Cleartrip, and BookMyShow.
- Tip: Always look out for special offers and exclusive promotions to get maximum value. For example, BookMyShow offers often include Buy 1 Get 1 free movie tickets.
Cashback or Statement Credit
- You can redeem points for cashback or apply them as a statement credit to offset your credit card bill.
- Tip: If you prefer simplicity and want to reduce your outstanding balance, cashback or statement credit redemption is a great option.
3. Avoiding Common Credit Card Mistakes
Pay Your Bill on Time
- Avoid Late Payment Fees and Interest Charges:
One of the most common mistakes cardholders make is missing the payment due date, resulting in late payment fees and interest charges. This can also harm your credit score.- Tip: Set up automatic bill payments or enable reminders to ensure you never miss a due date.
Don’t Carry a Balance
- Pay Full Statement Balance to Avoid Interest
The Equitas Excite Credit Card comes with an interest rate of 3.5% per month (42% annually) if you carry a balance from month to month. This can quickly negate the value of the rewards you earn.- Tip: Pay your entire bill before the due date to avoid high-interest charges. Only carry a balance if absolutely necessary, and consider the impact on your finances.
Watch Out for Foreign Transaction Fees
- If you travel or shop internationally, the foreign transaction fee of 3.5%-4% can add up quickly.
- Tip: Use the card for domestic purchases and online shopping in INR, or choose a credit card with zero foreign transaction fees for international spends.
Avoid Cash Withdrawals
- Cash Advance Fees and High Interest:
Withdrawing cash using your credit card can result in high fees and interest charges, which often begin accumulating immediately.- Tip: Avoid cash withdrawals unless absolutely necessary, as it can be an expensive way to access funds.
Don’t Overspend to Earn Rewards
- While the rewards system is enticing, it’s important not to overspend just to earn points.
- Tip: Stick to a budget and use the card for purchases you would normally make, ensuring that you’re not spending more than you can afford to pay off each month.
4. Additional Tips to Maximize the Card’s Benefits
Monitor Your Spending with the App
- Regularly check your spending through the HDFC Bank mobile app to keep track of rewards, payments, and offers.
- Tip: The app also lets you categorize your spending, making it easier to see where you’re earning the most rewards and where you can improve.
Take Advantage of Promotional Periods
- Keep an eye out for special promotions where you can earn bonus points or discounts during specific periods like festive sales, anniversary offers, or partner promotions.
- Tip: These periods often allow you to earn higher rewards, so it’s a good time to make larger purchases.
Conclusion
The HDFC Bank Equitas Excite Credit Card is an attractive option for individuals who frequently engage in online shopping, dining out, entertainment, and utility payments. With its generous rewards program, exclusive discounts, and partner benefits, it offers excellent value for those who are strategic about their spending. The low annual fee and strong security features make it even more appealing to those who want to maximize their benefits without breaking the bank.
- Foreign transaction fees may be a downside for frequent international travelers.
- The limited lounge access and moderate reward redemption process might not suit those who prioritize premium benefits or easy rewards redemption.
- Frequent online shoppers who want to earn high rewards (5X points) on e-commerce platforms like Amazon, Flipkart, Myntra, and Snapdeal.
- Dining and entertainment lovers who will take advantage of the 3X points on dining, movie tickets, and entertainment.
- Those who regularly pay utility bills and want to earn rewards on these essential payments.
- People who travel domestically and can benefit from partner offers on travel bookings and discounts at restaurants.
- Frequent international travelers due to the foreign transaction fees.
- Users seeking more flexible and direct cashback options or individuals who are looking for higher lounge access privileges.
If you fit into the categories mentioned above and are looking for a credit card that offers a comprehensive rewards program, valuable partner benefits, and affordable fees, the HDFC Bank Equitas Excite Credit Card is certainly worth considering. By making smart spending choices and utilizing its various benefits, you can easily make the most out of this card.
FAQs
What is the HDFC Bank Equitas Excite Credit Card?
The HDFC Bank Equitas Excite Credit Card is a rewards credit card offering benefits on online shopping, dining, entertainment, and utility bill payments. It provides a generous rewards program and exclusive discounts with various partners.
What are the main benefits of the HDFC Bank Equitas Excite Credit Card?
5X reward points on online shopping, 3X points on dining and entertainment, 2X points on utility bill payments, and partner discounts on travel, dining, and movies.
What is the annual fee for the HDFC Bank Equitas Excite Credit Card?
The annual fee for the card is ₹499. It can be waived off based on a specified level of annual spending (usually ₹1-2 lakh).
How can I earn reward points with the HDFC Bank Equitas Excite Credit Card?
You earn 5X points on online shopping (Amazon, Flipkart), 3X points on dining and entertainment, and 2X points on utility bill payments. Regular purchases also earn points, but at a lower rate.
What categories earn the highest rewards with this card?
5X reward points are earned on online shopping (Amazon, Flipkart, Myntra), while 3X points are earned on dining and entertainment.
How can I redeem my reward points?
You can redeem your reward points for gift vouchers, merchandise, or cashback. Points can also be applied as statement credit to reduce your outstanding balance.
What is the foreign transaction fee on the HDFC Bank Equitas Excite Credit Card?
The foreign transaction fee is approximately 3.5%-4% of the transaction amount, making it more expensive for international purchases.
Does the card offer airport lounge access?
The card offers 2 complimentary lounge visits per quarter at domestic airports. Additional visits may incur a fee.
What are the late payment charges on the HDFC Bank Equitas Excite Credit Card?
Late payment charges depend on your outstanding balance, but they typically range from ₹100 to ₹1,000 or more, depending on the amount due.
How can I track my reward points?
You can track your reward points and redemption history via the HDFC Bank mobile app or NetBanking.
Is there an introductory bonus for new cardholders?
At times, the card offers a welcome benefit, such as additional reward points or discounts with specific partners. However, it’s always best to check for current offers.
Can I apply for the HDFC Bank Equitas Excite Credit Card online?
Yes, you can apply for the card online through the HDFC Bank website or the HDFC mobile app. You can also visit a branch to apply offline.
Are there any fees for cash withdrawals with the card?
Yes, cash withdrawals attract a cash advance fee and interest charges from the day of the transaction.
How do I qualify for the HDFC Bank Equitas Excite Credit Card?
The eligibility criteria include a minimum age of 21 years and a minimum annual income (varies by location and type of employment). Documentation such as identity proof, income proof, and address proof will be required.
What should I do if my card is lost or stolen?
Contact HDFC Bank’s customer service immediately to report the loss or theft and block your card. You can also block the card through the HDFC mobile app.
How can I avoid interest charges on the HDFC Bank Equitas Excite Credit Card?
To avoid interest charges, pay your full statement balance before the due date. You can also set up automatic payments to ensure timely payments.
Is the card suitable for international travel?
While the card offers foreign transaction services, the foreign transaction fee may be high, making it less ideal for frequent international travelers compared to other cards with no foreign fees.
Are there any partner offers available with this card?
Yes, the card offers exclusive discounts on travel bookings with MakeMyTrip, Cleartrip, Yatra, and swiggy discounts, along with dining offers at partner restaurants and discounts on movie tickets via BookMyShow.
Can I upgrade or downgrade my credit card?
Yes, you can request to upgrade or downgrade your card through HDFC Bank’s customer service. The eligibility for upgrades depends on your spending behavior and creditworthiness.
Can I add an additional cardholder to my HDFC Bank Equitas Excite Credit Card account?
Yes, you can add add-on cardholders (family members) to your account. The primary cardholder is responsible for the payments made by the add-on cardholder.
