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
🎁 Welcome Benefits
- A fee waiver if you spend ₹50,000 within the first 90 days of card activation.
🏆 Spend-Based Fee Waiver
- Annual fee waiver when you spend ₹2,50,000 or more in a year.
⛽ Fuel Surcharge Waiver
- Enjoy fuel surcharge waivers capped at ₹250 per billing cycle.
💳 Credit Limit & Spending Power
- The credit limit is determined based on your income, credit history, and repayment behavior. Existing Equitas Small Finance Bank customers may get a pre-approved credit limit increase.
🌍 Foreign Transactions
- Forex Markup Fee: 3.5% of the transaction value for international spending.
💰 Interest Rates & Finance Charges
- Interest rate: 3.75% per month (45% annually) on unpaid dues.
Fees & Charges Breakdown
| Fee Type | Amount (₹) |
|---|---|
| Joining Fee | ₹1000 + GST |
| Annual/Renewal Fee | ₹1000 + GST |
| Finance Charges | 3.75% per month (45% per year) |
| Cash Withdrawal Charges | 2.5% of the amount (Min. ₹500) |
| Forex Markup Fee | 3.5% of the transaction value |
| Card Replacement Fee | ₹100 + GST |
| Late Payment Charges | ₹100 – ₹1300 based on outstanding amount |
⏳ Minimum Payment Due: 5% of the total outstanding amount (minimum ₹100).
Eligibility & Documentation
✅ Eligibility Criteria
- Salaried Applicants:
- Age: 21 to 60 years
- Minimum Net Monthly Income: ₹70,000
- Self-Employed Applicants:
- Age: 21 to 60 years
- Minimum ITR: ₹10 lakhs per annum
- Must be an Indian citizen with a valid address proof.
📄 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. ₹500) |
| 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:
📞 Customer Care Number: 7448830368
📧 Email: rohitrathore@equitasbank.com
📍 Mailing Address:
B-11, Sector-18, Noida, Gautam Buddha Nagar, Uttar Pradesh – 201301, India
FAQs About Equitas Elegance HDFC Bank Credit Card
❓ What is the annual fee for the Equitas Elegance HDFC Bank Credit Card?
- The annual fee is ₹1000 + GST. The same charge applies as a joining fee.
❓ What is the interest rate on this credit card?
- 3.75% per month (equivalent to 45% annually) on outstanding amounts.
❓ Does the card charge foreign transaction fees?
- Yes, a 3.5% forex markup fee is applied on international transactions.
❓ Can I increase my credit limit?
- Yes, you can request a credit limit increase based on your spending pattern and repayment history.
❓ Is there a fuel surcharge waiver?
- Yes, but it is capped at ₹250 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:
✅ Spend-based fee waivers
✅ Decent rewards & cashback
✅ Fuel surcharge waiver
✅ 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:
✔️ Salaried professionals earning ₹70,000+ per month
✔️ Self-employed individuals with ITR above ₹10 lakh per annum
✔️ Frequent spenders who can meet the annual fee waiver criteria
Where to Apply?
📌 Apply Now to get your Equitas Elegance HDFC Bank Credit Card today!
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