MyLoanCare is a FREE of cost service for borrowers

Get Cashback of ₹ 100* on Credit Card

MyLoanCare Customer Ratings - 4.5/5.0

Freedom Card 2020

Freedom Card Fee and Charges

Last Updated 21st Jul 2020
Joining feesNil
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

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 Rs 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 Rs 1000 on annual spend of Rs. 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 NIL.

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.


HDFC Credit Card News - Aug 2020
  • 2020-06-25 : HDFC Bank introduced co-branded credit card with IndiGo
    HDFC Bank partnered with the country largest airline IndiGo to launch a co-branded credit card, which will effectively work like a loyalty programme for the carrier. Named as Ka-ching, the card will offer multiple benefits like complimentary air tickets, lounge access, 5 % cashback or reward points on Indigo bookings, and 3% cash back on dining, grocery and entertainment.
  • 2020-06-05 : HDFC Bank introduced summer treats
    HDFC Bank introduced summer treats, under this Bank will offer no-cost EMI and no down payment for large appliances, discounts and cashback on select brands. In addition to this, 50% extra reward points on online spend using credit cards. It will also have exclusive offers on the Bank lending products as well as additional rewards on online spends via Debit Card Credit Card or Payzapp.
  • 2019-12-03 : HDFC Bank launches a co-branded credit card with Walmart India
    HDFC Bank launched a credit card exclusive to ‘B2B Cash and carry stores’ customers, that offers free credit up to 50 days. The card can be used in all 26 B2B stores in the country. The card was launched to enable small businesses like Kirana stores to prosper well. Further, the card brings along cashback and rewards and can be used both online and at the stores.
  • 2019-09-02 : HDFC Bank launches its new millennia cards
    In a bid to engage the young customers, HDFC Bank launched its new range of millennia cards. These debits and credit cards come with variant features like 5 percent cash back on shopping, discounts and also a 1 percent waiver on the fuel charge. These cards are available in four variants Millennia Credit Card, Millennia easy EMI card, Millennia Debit card, and Millennia Prepaid card.
  • 2019-08-26 : HDFC Bank launches card range for millennials
    HDFC Bank has launched a new range of card offerings for millennials in association with Mastercard. The range of cards includes credit, debit, prepaid, and EMI variants to cater to diverse types of customers. The move is driven to provide to the vast millennial population in India. These cards will offer huge offers and benefits, including cash back on purchases.
*Terms and conditions apply. Credit at sole discretion of lender subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and from collected from public sources. Read More
Loader
Please wait while your information is being processed...