The Equitas Excite HDFC Bank Credit Card is designed for individuals looking for a lifestyle credit card with attractive benefits. This blog post provides an in-depth analysis of its fees, charges, eligibility criteria, features, and benefits, helping you decide whether itโs the right credit card for you.
What is the Equitas Excite HDFC Bank Credit Card?
The Equitas Excite HDFC Bank Credit Card is a co-branded lifestyle credit card offered by Equitas Small Finance Bank in collaboration with HDFC Bank. This card is designed to provide financial convenience with an affordable joining fee and annual fee of โน500 + GST.
Key Features of Equitas Excite HDFC Bank Credit Card
- Best for:ย Lifestyle and daily expenses
- Joining Fee:ย โน500 + GST
- Annual Fee:ย โน500 + GST (waived on annual spending of โน1,00,000)
- Interest Rate:ย 3.75% per month (45% annually)
- Welcome Offer:ย Spend โน20,000 within 90 days to get theย joining fee waived
- Foreign Transaction Fee:ย 3.5%
Equitas Excite HDFC Bank Credit Card: Fees & Charges
Understanding the fees and charges is essential before applying for any credit card. Below is a detailed breakdown:
1. Standard Fees
| Type of Fee | Amount |
|---|---|
| Joining Fee | โน500 + GST |
| Annual/Renewal Fee | โน500 + GST (waived on spending โน1,00,000/year) |
| Finance Charges | 3.75% per month (45% annually) |
| Foreign Transaction Fee | 3.5% of the transaction amount |
| Minimum Repayment Amount | 5% of total outstanding (Min. โน100) |
2. Late Payment Charges
| Statement Balance | Late Payment Fee |
|---|---|
| Up to โน100 | NIL |
| โน101 – โน500 | โน100 |
| โน501 – โน1,000 | โน500 |
| โน1,001 – โน5,000 | โน600 |
| โน5,001 – โน10,000 | โน750 |
| โน10,001 – โน25,000 | โน900 |
| โน25,001 – โน50,000 | โน1,100 |
| Above โน50,000 | โน1,300 |
Eligibility & Required Documents
Eligibility Criteria
To apply for the Equitas Excite HDFC Bank Credit Card, you must meet the following criteria:
For Salaried Individuals:
- Age:ย 21 to 60 years
- Minimum monthly income:ย โน20,000
For Self-Employed Individuals:
- Age:ย 21 to 60 years
- Minimum annual income:ย โน6,00,000ย (as per ITR)
Required Documents
You need to submit the following documents while applying:
- Identity Proof:ย Aadhaar Card, PAN Card, or Passport
- Address Proof:ย Voter ID, Passport, or any Utility Bill
- Income Proof:ย Salary slips, bank statements, or Income Tax Returns (ITR)
Cash Withdrawal and Additional Charges
| Transaction Type | Charge |
|---|---|
| Cash Advance Fee | 2.5% of withdrawal amount (Min. โน500) |
| Cash Advance Limit | Up to 40% of credit limit |
| Card Replacement Fee | โน100 + GST |
| Fuel Surcharge Waiver | Capped at โน250 per billing cycle |
Pros and Cons of the Equitas Excite HDFC Bank Credit Card
Pros:
โ
Affordable Fees โ โน500 annual fee (waived on spending โน1,00,000)
โ
Decent Interest-Free Period โ Standard repayment options
โ
Suitable for Lifestyle Users โ Ideal for shopping, dining, and entertainment
โ
Contactless Payments โ Ensures faster transactions
Cons:
โ No Reward Points Program โ Lacks a comprehensive rewards structure
โ No Lounge Access โ Not suitable for frequent travelers
โ High Interest Rates โ 45% annual interest if not paid on time
How Does the Equitas Excite HDFC Bank Credit Card Compare with Other Credit Cards?
Before choosing a credit card, itโs important to compare its features with similar cards:
| Feature | Equitas Excite HDFC | HDFC Millennia Card | SBI SimplyCLICK |
|---|---|---|---|
| Annual Fee | โน500 | โน1,000 | โน499 |
| Interest Rate | 3.75% per month | 3.49% per month | 3.5% per month |
| Welcome Offer | Fee Waiver | โน1,000 Cashback | Amazon Voucher |
| Lounge Access | โ No | โ Yes | โ No |
| Rewards Program | โ No | โ Yes | โ Yes |
Comparison With Other Equitas Credit Cards
If youโre considering the Equitas Elegance HDFC Bank Credit Card, you may also want to compare it with other Equitas credit cards. Check out our in-depth guide on the Best Equitas Credit Cards to explore more options.
For those who prefer RuPay cards, which offer benefits on UPI transactions and lower forex charges, see our list of the Best RuPay Credit Cards in India.
Customer Care and Support
If you need help with your Equitas Excite HDFC Bank Credit Card, you can contact customer service using the details below:
๐ Customer Care Number: 7448830368
๐ง Email Address: rohitrathore@equitasbank.com
๐ Mailing Address:
B-11, SECTOR-18, NOIDA, GAUTAM BUDDHA NAGAR, UTTAR PRADESH, 201301, India
FAQs About Equitas Excite HDFC Bank Credit Card
1. What is the annual fee for this credit card?
The annual fee is โน500 + GST. However, it can be waived if you spend โน1,00,000 per year.
2. What is the interest rate on this credit card?
The Equitas Excite HDFC Bank Credit Card has an interest rate of 3.75% per month (45% annually).
3. Does this card charge foreign transaction fees?
Yes, a 3.5% foreign transaction fee is applicable on all international purchases.
4. Can I withdraw cash from this credit card?
Yes, you can withdraw up to 40% of your credit limit, but a cash withdrawal fee of 2.5% (minimum โน500) applies.
5. How can I apply for the Equitas Excite HDFC Bank Credit Card?
You can apply online through this official link.
Final Verdict: Should You Apply for This Card?
The Equitas Excite HDFC Bank Credit Card is suitable for individuals looking for a basic lifestyle credit card with affordable fees. However, it lacks premium benefits like lounge access, reward points, and cashback offers. If you need a simple credit card for daily spending with a low annual fee, this could be a decent option.
However, if you travel frequently or want premium international perks, consider a RuPay or premium travel card. Explore our Best RuPay Credit Cards for better forex benefits.
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