Welcome to our comprehensive review of the Tata Neu Plus HDFC Bank Credit Card! This co-branded credit card is a result of an exciting partnership between Tata Group and HDFC Bank, offering a range of exclusive benefits and rewards for loyal customers of both brands. In this review, we will delve into the features, advantages, and rewards associated with this card, providing you with a detailed understanding of why it stands out in the market.
One of the key highlights of the Tata Neu Plus HDFC Bank Credit Card is the opportunity to earn NeuCoins, a unique loyalty currency, while shopping at Tata Brands. Cardholders can enjoy a remarkable 2% cashback in the form of NeuCoins on the amount transacted at Tata Brands, making it particularly rewarding for those who frequently engage with Tata’s diverse range of products and services. Additionally, while spending on Non-Tata Brands, cardholders can still earn NeuCoins, albeit at a reduced rate.
Beyond the NeuCoins rewards program, this credit card offers an array of additional benefits to enhance the cardholder’s experience. For instance, cardholders can enjoy complimentary access to domestic airport lounges, ensuring a comfortable and relaxing travel experience. Furthermore, the card provides a surcharge waiver on fuel transactions, allowing users to save on their fuel expenses. Additionally, the Tata Neu Plus HDFC Bank Credit Card offers a spend-based waiver of the renewal fee, ensuring greater convenience and flexibility for cardholders. Lastly, the card provides zero liability protection, ensuring that customers are safeguarded against unauthorized transactions.
In this review, we will explore these features in more detail, providing a comprehensive analysis of the Tata Neu Plus HDFC Bank Credit Card and its value proposition. Whether you are a Tata loyalist, an HDFC Bank customer, or simply seeking a credit card with exclusive benefits, join us as we uncover the intricacies of this remarkable credit card and help you make an informed decision.
Tata Neu HDFC Bank Plus Credit Card Features and Benefits
Experience a world of exceptional rewards and benefits with the Tata Neu Plus HDFC Bank Credit Card. Designed to cater to the needs of Tata loyalists and HDFC Bank customers, this credit card offers a host of exclusive features that elevate your shopping and travel experiences. Explore the exciting benefits that come along with the Tata Neu Plus HDFC Bank Credit Card:
- Welcome Benefits: Kickstart your journey with the Tata Neu Plus HDFC Bank Credit Card and enjoy a generous welcome benefit. By making a successful transaction within the first 30 days of card issuance through the Tata Neu Application, cardholders can earn 499 NueCoins, a unique loyalty currency. These NeuCoins will be credited to your account within 60 days, giving you a head start on earning valuable rewards. Please note that this welcome benefit is not applicable to First Year Free and Lifetime Free credit cards.
- Introductory Offer: Take advantage of an exclusive introductory offer that rewards you for shopping on the Tata Neu Application or Website. Once you download the Tata Nue Application and register for the Tata NuePass, you can earn an additional 5% of the transacted amount back in the form of NeuCoins. This exciting offer further enhances your earning potential and makes every purchase more rewarding.
- Travel Benefits: Travel in style with the Tata Neu Plus HDFC Bank Credit Card. Cardholders can enjoy four complimentary visits to domestic airport lounges per year, providing a haven of relaxation and comfort during your travels. Please note that VISA/RuPay Credit Card Variants may incur a charge of Rs. 2 per visit to the lounge, adding to the exclusivity of the experience.
- Fuel Surcharge Waiver: Say goodbye to extra expenses when fueling up your vehicle. With the Tata Neu Plus HDFC Bank Credit Card, you can enjoy a 1% fuel surcharge waiver on all transactions between Rs. 400 and Rs. 5,000 at fuel stations across India. The surcharge amount is capped at Rs. 250 per statement cycle, allowing you to save more on your fuel costs.
- Spend-based Waiver: As a valued Tata Neu Plus HDFC Bank Credit Cardholder, you have the opportunity to have your renewal fee waived. Simply make purchases totaling Rs. 1 Lakh or more within an anniversary year using your credit card, and the renewal fee will be waived. This feature adds flexibility and convenience, ensuring that you continue to enjoy the benefits of the credit card without any additional costs.
Tata Neu HDFC Bank Plus Credit Card Reward Points
Unlock a world of rewards and earn valuable NeuCoins with the Tata Neu Plus HDFC Bank Credit Card. With its unique rewards program, this credit card offers an enticing array of reward points that make your purchases even more fulfilling. Discover the details of the Tata Neu HDFC Bank Plus Credit Card reward points:
- 7% NeuCoins on Tata Neu app/website: When you shop on the Tata Neu app or website, including the 5% coins earned upon activating the NeuPass, you can earn a remarkable 7% of the transacted amount back in the form of NeuCoins. This generous reward rate enhances your shopping experience and provides significant value for your purchases.
- 2% NeuCoins on Tata partnered brands: For non-EMI spends on Tata partnered brands, you can earn 2% of the transacted amount back in the form of NeuCoins. This includes a diverse range of Tata brands, allowing you to accumulate rewards while enjoying your favorite products and services.
- 1% NeuCoins on Non-Tata brands and merchant EMI spends: Even when you shop at non-Tata brands or make merchant EMI spends, the Tata Neu Plus HDFC Bank Credit Card continues to reward you. You can earn 1% of the transacted amount back in the form of NeuCoins, making every purchase more rewarding.
- Exclusions: It’s important to note that NeuCoins will not accrue on specific transactions, such as wallet loads, fuel transactions, rent payments, and smart EMI transactions. These exclusions ensure a streamlined rewards program that focuses on eligible transactions.
- Monthly limit on grocery transactions: When it comes to grocery transactions, the Tata Neu HDFC Bank Plus Credit Card sets a maximum limit of 1000 NeuCoins per month. This cap ensures fairness and allows you to earn rewards on your grocery shopping while balancing the overall rewards structure.
Make the most of your NeuCoins earned with the Tata Neu Plus HDFC Bank Credit Card through a seamless and rewarding redemption process. With an exciting lineup of Tata partnered brands, you can redeem your NeuCoins for a range of products and services, amplifying the value of your rewards. Here’s what you need to know about reward redemption:
- Tata Neu Application/Website: The NeuCoins can be conveniently redeemed for purchases on the Tata Neu Application or Website. Explore a wide selection of Tata partnered brands, including Tata 1mg, AirAsia India, Croma, Westside, Bigbasket, Tata CLiQ, Tata CLiQ Luxury, Hotel Bookings/Purchases on IHCL, and Qmin. This diverse range of options ensures that you can find something that suits your preferences and interests.
- Monetary Value Conversion: Each NeuCoin holds a monetary value of Re. 1. This conversion simplifies the redemption process, allowing you to easily determine the value of your rewards and make informed decisions while making purchases.
- Tata Pay as Payment Method: To redeem your NeuCoins, simply select Tata Pay as the payment method while making purchases on the Tata Neu Application or Website. This ensures a smooth and hassle-free redemption experience, making it effortless to enjoy the benefits of your accumulated rewards.
- Validity Period: It’s important to note that NeuCoins are valid for a period of 1 year from the date of the transaction on which they were earned. This gives you ample time to plan your redemptions and utilize your rewards effectively, ensuring that you don’t miss out on the opportunity to make the most of your earned NeuCoins.
With the Tata Neu Plus HDFC Bank Credit Card’s reward redemption system, you have the flexibility to choose from a range of Tata partnered brands and make purchases that align with your preferences. By simply redeeming your NeuCoins through the Tata Neu Application or Website, you can unlock the value of your rewards and indulge in a fulfilling shopping experience.
Tata Neu Plus HDFC Bank Credit Card – Fees and Charges
As with any credit card, it’s important to understand the fees and charges associated with the Tata Neu Plus HDFC Bank Credit Card. While this card offers an array of benefits and rewards, it’s essential to be aware of the costs involved. Here are the key fees and charges related to this credit card:
- Joining and Renewal Fee: Cardholders are required to pay a fee of Rs. 499 as both the joining fee and renewal fee for the Tata Neu Plus HDFC Bank Credit Card. This fee allows you to access the exclusive benefits and privileges associated with the card.
- Interest on Overdue Amount: In case of overdue amounts, an interest rate of 3.75% per month is applicable, which translates to an annual interest rate of 45%. It is crucial to make timely payments to avoid accruing high interest charges.
- International Transaction Fee: For all international transactions made using the Tata Neu Plus HDFC Bank Credit Card, a fee of 3.5% of the transacted amount is levied. This fee covers the costs associated with currency conversion and international processing.
- Cash Advance Fee: If you withdraw cash using your credit card, a cash advance fee is applicable. The fee is calculated as the higher of Rs. 500 or 2.5% of the cash withdrawal amount. It’s important to note that cash advances usually attract higher interest rates from the day of the transaction.
- Redemption Request Fee: Whenever you place a redemption request to utilize your earned rewards, a fee of Rs. 99 is charged. This fee covers the processing and administration costs associated with handling the redemption request.
Understanding the fees and charges associated with the Tata Neu Plus HDFC Bank Credit Card allows you to make informed decisions regarding your usage and payment habits. By staying aware of these costs, you can effectively manage your credit card finances and ensure that the benefits you receive outweigh the associated fees.
To be eligible for the Tata Neu Plus HDFC Bank Credit Card, applicants must meet certain criteria. These requirements ensure that the credit card is offered to individuals who can responsibly manage their finances and make the most of its benefits. Here are the key eligibility criteria for this credit card:
- Indian Resident: Applicants must be Indian residents to qualify for the Tata Neu Plus HDFC Bank Credit Card. This ensures that the credit card is available exclusively to individuals residing within India.
- Salaried or Self-Employed: The credit card is open to both salaried and self-employed individuals. This allows individuals from different professional backgrounds to apply for the card and enjoy its features.
- Salaried Individuals: Salaried applicants should be between 21 to 60 years of age and have a minimum monthly income of Rs. 25,000. This income threshold ensures that applicants have a stable source of income to meet their financial obligations.
- Self-Employed Individuals: Self-employed applicants should be between 21 to 65 years of age and have a minimum annual income of Rs. 6 lakhs, as reflected in their Income Tax Returns (ITR). This requirement ensures that self-employed individuals have a certain level of financial stability and capacity to manage credit.
Meeting these eligibility criteria demonstrates that applicants have the necessary financial background and stability to be considered for the Tata Neu Plus HDFC Bank Credit Card. By fulfilling these requirements, individuals can apply confidently and maximize the benefits that come with this credit card.
How to Apply for the Tata Neu Plus HDFC Bank Credit Card?
Applying for the Tata Neu Plus HDFC Bank Credit Card is a straightforward process that can be done through various channels. Whether you prefer online platforms or the convenience of a mobile application, here are the steps to apply for this credit card:
- HDFC Bank Website: Visit the official website of HDFC Bank and navigate to the credit cards section. Look for the Tata Neu Plus HDFC Bank Credit Card among the available options. Click on the card to access the application page. Provide the required documents and details as specified in the application form to complete the process.
- Tata Neu Website or App: Another option is to visit the official website of Tata Neu or download the Tata Neu application on your mobile device. Once on the website or within the app, search for the Tata Neu Plus HDFC Bank Credit Card. Proceed to the application section and fill out the necessary information and documentation as requested.
By following these steps, you can initiate the application process for the Tata Neu Plus HDFC Bank Credit Card conveniently through the official channels. Whether you choose to apply through the HDFC Bank website or the Tata Neu platform, ensure that you provide accurate and complete information to expedite the application review process.
How can I earn NeuCoins with the Tata Neu Plus HDFC Bank Credit Card?
You can earn NeuCoins by shopping at Tata brands, both online and offline. You can also earn NeuCoins on non-Tata brand transactions, although at a different rate. The exact percentage of NeuCoins earned may vary based on the transaction type.
What is the value of 1 NeuCoin?
The monetary value of 1 NeuCoin is equivalent to Re. 1. You can redeem NeuCoins for purchases on the Tata Neu Application or Website, and each NeuCoin will be considered as Re. 1 during redemption.
Can I use Tata Neu Plus HDFC Bank Credit Card for international transactions?
Yes, the Tata Neu Plus HDFC Bank Credit Card can be used for international transactions. However, please note that a fee of 3.5% of the transaction amount is applicable for international transactions.
What are the fees associated with the Tata Neu Plus HDFC Bank Credit Card?
The Tata Neu Plus HDFC Bank Credit Card has a joining and renewal fee of Rs. 499. Additionally, there are charges for overdue amounts, cash advances, and redemption requests. It’s important to review the fees and charges associated with the card before applying.
Are there any benefits for frequent travelers?
Yes, the Tata Neu Plus HDFC Bank Credit Card offers travel benefits, including complimentary access to domestic airport lounges. Cardholders can enjoy a certain number of complimentary lounge visits per quarter, making travel more comfortable and convenient.
The Tata Neu Plus HDFC Bank Credit Card presents an appealing option for individuals who hold loyalty towards both HDFC Bank and Tata brands. With its attractive deals and benefits, this credit card has the potential to compete with other popular shopping credit cards in the market, such as the Flipkart Axis Bank Credit Card and Amazon Pay ICICI Bank Credit Card.
Notably, it offers the opportunity to earn NeuCoins not only when shopping at Tata brands but also when making purchases at non-Tata brands.
In addition to the earning potential, the Tata Neu Plus HDFC Bank Credit Card provides a welcome benefit in the form of bonus NeuCoins. Moreover, frequent domestic air travelers will find this credit card advantageous, as it includes complimentary access to domestic airport lounges. As a result, individuals who hold an HDFC Bank account and regularly shop at Tata brands will find this credit card to be their go-to option.
With its combination of rewards, benefits, and suitability for specific customer profiles, the Tata Neu Plus HDFC Bank Credit Card is positioned to become a top choice for individuals seeking a versatile and rewarding credit card experience.
What did we learn?
- 1 Tata Neu HDFC Bank Plus Credit Card Features and Benefits
- 2 Tata Neu HDFC Bank Plus Credit Card Reward Points
- 3 Reward Redemption
- 4 Tata Neu Plus HDFC Bank Credit Card – Fees and Charges
- 5 Eligibility Criteria
- 6 How to Apply for the Tata Neu Plus HDFC Bank Credit Card?
- 7 FAQs
- 7.1 How can I earn NeuCoins with the Tata Neu Plus HDFC Bank Credit Card?
- 7.2 What is the value of 1 NeuCoin?
- 7.3 Can I use Tata Neu Plus HDFC Bank Credit Card for international transactions?
- 7.4 What are the fees associated with the Tata Neu Plus HDFC Bank Credit Card?
- 7.5 Are there any benefits for frequent travelers?
- 8 Conclusion