Credit cards have become an essential financial tool for managing everyday expenses, earning rewards, and enjoying exclusive perks. One such offering in the premium lifestyle category is the Equitas Elegance HDFC Bank Credit Card. This blog post provides a detailed analysis of this credit card, covering its features, benefits, fees, eligibility criteria, and more.
Looking for more credit card options from Equitas? Check out our detailed guide on the Best Equitas Credit Cards.
Why Consider the Equitas Elegance HDFC Bank Credit Card?
The Equitas Elegance HDFC Bank Credit Card is designed for individuals who want a lifestyle-focused credit card with exclusive privileges. It offers:
- Rewards & Fee Waivers
- Affordable Fees with Spend-Based Waivers
- Travel & Lounge Benefits (subject to confirmation)
- Fuel Surcharge Waiver
- High Spending Limit & Cashback Opportunities
This card is best suited for salaried and self-employed individuals looking for financial flexibility with premium lifestyle advantages.
Equitas Elegance HDFC Bank Credit Card: Features & Benefits
๐ Welcome Benefits
- Aย fee waiverย if you spend โน50,000 within the first 90 days of card activation.
๐ Spend-Based Fee Waiver
- Annual fee waiverย when you spendย โน2,50,000 or more in a year.
โฝ Fuel Surcharge Waiver
- Enjoyย fuel surcharge waiversย capped at โน250 per billing cycle.
๐ณ Credit Limit & Spending Power
- Theย credit limitย is determined based onย your income, credit history, and repayment behavior. Existing Equitas Small Finance Bank customers may get aย pre-approved credit limit increase.
๐ Foreign Transactions
- Forex Markup Fee:ย 3.5% of the transaction value for international spending.
๐ฐ Interest Rates & Finance Charges
- Interest rate:ย 3.75% per month (45% annually)ย on unpaid dues.
Fees & Charges Breakdown
| Fee Type | Amount (โน) |
|---|---|
| Joining Fee | โน1000 + GST |
| Annual/Renewal Fee | โน1000 + GST |
| Finance Charges | 3.75% per month (45% per year) |
| Cash Withdrawal Charges | 2.5% of the amount (Min. โน500) |
| Forex Markup Fee | 3.5% of the transaction value |
| Card Replacement Fee | โน100 + GST |
| Late Payment Charges | โน100 โ โน1300 based on outstanding amount |
โณ Minimum Payment Due: 5% of the total outstanding amount (minimum โน100).
Eligibility & Documentation
โ Eligibility Criteria
- Salaried Applicants:
- Age:ย 21 to 60 years
- Minimum Net Monthly Income: โน70,000
- Self-Employed Applicants:
- Age:ย 21 to 60 years
- Minimum ITR: โน10 lakhs per annum
- Must be an Indian citizen with a valid address proof.
๐ Documents Required
- Identity Proof: Aadhaar Card, PAN Card, Passport
- Address Proof: Utility Bill, Passport, Voter ID
- Income Proof: Salary Slips, Bank Statements, IT Returns
Cash Advance & Withdrawal Charges
| Cash Advance Feature | Details |
|---|---|
| Cash Advance Fee | 2.5% of the withdrawn amount (Min. โน500) |
| Cash Withdrawal Limit | Up to 40% of the credit card limit |
| Cash Payment at Bank Branch | No extra charges |
Prefer RuPay credit cards for lower forex charges and domestic benefits? Explore our list of the Best RuPay Credit Cards in India.
Customer Care & Support
For any queries or assistance, reach out to:
๐ Customer Care Number: 7448830368
๐ง Email: rohitrathore@equitasbank.com
๐ Mailing Address:
B-11, Sector-18, Noida, Gautam Buddha Nagar, Uttar Pradesh โ 201301, India
FAQs About Equitas Elegance HDFC Bank Credit Card
โ What is the annual fee for the Equitas Elegance HDFC Bank Credit Card?
- The annual fee is โน1000 + GST. The same charge applies as aย joining fee.
โ What is the interest rate on this credit card?
- 3.75% per monthย (equivalent toย 45% annually) on outstanding amounts.
โ Does the card charge foreign transaction fees?
- Yes, aย 3.5% forex markup feeย is applied on international transactions.
โ Can I increase my credit limit?
- Yes, you canย request a credit limit increaseย based on your spending pattern and repayment history.
โ Is there a fuel surcharge waiver?
- Yes, but it isย capped at โน250 per billing cycle.
Final Verdict: Should You Get the Equitas Elegance HDFC Bank Credit Card?
This credit card is suitable for individuals who frequently spend on lifestyle, fuel, and travel expenses. It offers:
โ
Spend-based fee waivers
โ
Decent rewards & cashback
โ
Fuel surcharge waiver
โ
Forex and travel benefits (with 3.5% markup)
However, if you are looking for a card with better international benefits or a lower annual fee, consider exploring other options.
Best For:
โ๏ธ Salaried professionals earning โน70,000+ per month
โ๏ธ Self-employed individuals with ITR above โน10 lakh per annum
โ๏ธ Frequent spenders who can meet the annual fee waiver criteria
Where to Apply?
๐ Apply Now to get your Equitas Elegance HDFC Bank Credit Card today!
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