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Freedom Card 2022

Freedom Card Fee and Charges

Last Updated 19th May 2022
Joining fees₹ 500
First Year Annual Fees ₹ 500
Renewal Fees from 2nd Year ₹ 500
Interest Rate/ Finance Charges per month3.40%
Brand Partner N/A
Late Payment Charges ₹ 750
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Freedom Card Features

  • Enjoy spending on your Freedom Credit Card with 5X reward points on Dining/Movies/Groceries/Railways /Taxi
  • Zero Lost Card liability post reporting of the loss of card
  • Redeem points for CashBack or Catalogue
  • EasyEMI and e-wallet loading transactions will not accrue Reward points
  • Get Renewal fee waived on spends of ₹60,000 in a year prior to renewal date.

Freedom Card Benefits

  • Earn 25X reward points on your Birthday spends
  • Earn 10X reward points on PayZapp & SmartBUY spends
  • Earn 5X reward points on Movies/Dining/Groceries/Railways & Taxis spends
  • Fuel Surcharge waiver of 1%
  • Gift Voucher worth ₹ 1000 on annual spend of ₹90,000 and higher

Freedom Card Eligibility

An applicant needs to meet the following criteria to get Freedom Card from HDFC Bank:

  • CIBIL: HDFC Bank require a minimum CIBIL score of 700 for issuing its Freedom Card.
  • Occupation: HDFC Bank offers this credit card to both, salaried and self employed professionals and businessman with regular source of income.
Eligibility ParametersCriteria
CIBIL Score700 and above
OccupationSalaried and Self Employed

More about Cashback Card

  • Smarter way to spend and save
  • Cashback card offers a certain percentage of the shopping value back, every time you spend on pre-specified categories on the card. You can enjoy typically a cash-back/discount of 2.5% to 5% which can even go as high as 25% on some categories such as movie tickets or others as specified. Make online payment with the card and enjoy the cashback.
  • Direct and immediate discount/cash-back available on your shopping value.
  • Allows conversion of your shopping bills into convenient monthly payments (EMIs).
  • Hassle free and automatic redemption of the cash back/discount.
  • Special discount offers on bills payment, travel, movies.
  • You can choose a card that provides higher discount on categories where you are likely to spend the most such as fuel, dining, movies, travel etc.

More about Rewards Card

  • Get rewards for spending
  • Rewards card offers you reward points, every time you spend on pre-specified categories. Get attractive gift vouchers and discount coupons available on accumulated reward points.
    Rewards cards are similar to cash back credit cards, but instead of receiving cash when you spend you gain reward points which can be converted into vouchers spendable at a large range of retailers.
  • Receive rewards at leading hotels, dining outlets, apparel stores, departmental stores.
  • Lounge access at selected airports.
  • Enjoy offers on holidays, golfing retreats, movie tickets, dining and more.
  • Redeem awards at a large number of shopping outlets include online retailers.
  • Convert your purchases into easy to pay EMIs.

FAQs

What charges I need to pay as joining fee for Freedom Card of HDFC Bank?

Joining fee charged on HDFC Bank Freedom Card is ₹ 500.

What is the annual fee for Freedom Card ?

Annual fee charged on Freedom Card is ₹ 500.

Can I waive off my annual fee on Freedom Card ?

Yes, you can spend Rs. 15,000 in first 90 days and get your annual fee waived off. on your Freedom Card annual fee.

Is there any late payment charge on Freedom Card ?

No, HDFC Bank does not charge any late payment fee on your Freedom Card.

What is the second year renewal fee on Freedom Card ?

HDFC Bank charges a second year renewal fee of ₹ 500 on your Freedom Card

What is the interest charge per month on Freedom Card ?

HDFC Bank charges an interest of 3.40% per month on Freedom Card.


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HDFC Credit Card News - May 2022
  • 2022-02-02 : HDFC Bank Rationalises Bonus Points on Credit cards
    The Bank is removing the 10X earning on Smartbuy flights and Bus bookings and reducing the earning of bonus points on Trains. In September 2021, they had already reduced the number of points one could earn on Instant Vouchers.
  • 2021-08-27 : HDFC Bank tops credit card by market share
    HDFC Bank has come out as the market leader of the credit card market in India. The bank has a 23.61% market share, the share of SBI cards is at 19.17%, while ICICI Bank comes at third with a 17.57% share. Despite the RBI ban on issuing any new card HDFC Bank has been able to maintain leadership status.
  • 2021-05-28 : HDFC Bank commits Rs 100 cr towards COVID relief in FY22
    HDFC Bank committed Rs 100 crore for setting up medical infrastructure for COVID-19 relief in 2021-22. The bank is planning to set up 20 oxygen plants in hospitals besides three 100-bed COVID care facilities as part of the plan.
  • 2021-05-25 : HDFC Bank deploys Mobile ATM in Bengaluru
    HDFC Bank deployed Mobile ATM in Bengaluru to assist customers during the COVID-19 related restrictions. The Mobile ATMs will eliminate the need for the public to move out of their locality to withdraw cash.
  • 2020-09-11 : Credit card EMIs at an all-time high
    HDFC Bank reported that the number of customers preferring to buy high-value products through instalments stood at an all-time high during the coronavirus pandemic. Further, The bank noted that the trend is visible across all segments of cardholders, including the newly launched millennia cards targeted for the younger users.
*Terms and conditions apply. Credit at sole discretion of lender, which is subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and collected from public sources. Read More
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