The HDFC Bank Platinum Plus Credit Card is one that rewards you each time you spend. Moreover, this premium credit card also comes with other benefits such as free accidental death insurance and purchase protection.
With this credit card, you get two types of insurance coverage:
Accidental Death Insurance
For this insurance to kick in, you will have to:
Purchase protection for fire and burglary insurance
For the purchase protection to kick in, you need to:
The insurance coverage will depend on the type of product you purchase.
Easy Utility Bill Payments
Register your card with HDFC's utility bill payment service, SmartPay, and you won't have to worry about missing a bill payment again.
Free Add-on Cards
Get up to 3 add-on cards with your HDFC Bank Platinum Plus Credit Card. The best part? These three add-on cards are free for life. So, your family can feel the joy of owning the card at no added expense.
The credit limit on your card is the total amount you can spend without incurring any type of penalty for spending over the limit.
With respect to your Platinum Plus Credit Card, the bank will intimate the credit limit to you when they process your application or they hand over the card to you.
The limit on your card will depend on a number of factors and as such differs from person to person. In general, however, the factors that go into determining the credit limit on your card include your employment status, your annual income, the amount of debt you currently have, the number of credit cards you currently own, your credit repayment history, and your credit score among others.
Each time you use your card, you earn:
You can redeem the points you earn on your credit card for products or vouchers from the bank's rewards catalogue.
Here's how you can go ahead and redeem the points on your card:
|Type of Charge||Amount|
|Add-on card fee||Nil|
|Minimum repayment amount||5% of the outstanding balance, subject to a minimum of Rs.200|
|Cash advance limit||40% of the credit limit|
|Cash advance charge||2.5% of the amount withdrawn or Rs.500, whichever is higher|
|Over limit fee||2.% of the amount withdrawn, subject to a minimum of Rs.500|
|Reward redemption fee||Rs.99|
HDFC will determine whether or not you are eligible for this card. Here are the age criteria to meet to be able to apply for this card:
The kind of documents required will differ from person to person. In general, however, these are the documents that you may be required to provide at the time of application:
You can apply for this credit card on the bank's website. All you will have to do is provide the information required and submit the online application form.
Once this is done, you may either receive an SMS from the bank or a call from a representative of the bank to help process your application.
Alternatively, you can visit the bank's branch and apply for this card in person.
Your Reward Points are valid for two years from the date of accumulation. So, all points earned in July 2019 will expire in July 2021.
Yes. The purchase protection does not cover any damage or loss caused by fire to articles that are combustible in nature, motor vehicles, pedal cycle deeds, bills of exchange, promissory notes, business books, manuscripts, precious stones, jewellery of any kind, valuables, and certificates.
You get to enjoy an interest-free period of up to 50 days on this card.
No, there is no cap on the points that you earn. However, points earned on insurance transactions will be capped at 2,000 points per transaction.
To make a claim, the cardholder's legal heir needs to intimate the bank of any accidental death within 30 days of it happening. They can do this by sending an email to firstname.lastname@example.org. Post this, all relevant documents need to be submitted by the legal heir. All the documents need to be sent within 60 days of the accidental death and sent to email@example.com.
To make a purchase protection claim, you will need to intimate the bank of any loss within 15 days of it happening. This can be done by sending an email to firstname.lastname@example.org. Post this, all relevant documents need to be emailed to email@example.com within 45 days of the loss of the product.
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