Tata Neu Infinity HDFC Bank Credit Card

HDFC Bank is partnering up with Tata Neu to launch the amazing HDFC Bank Tata Neu Infinity credit card. The bank has launched two co-branded credit cards: the HDFC Tata Neu Infinity Credit Card and the HDFC Tata Neu Plus Credit Card. The Infinity version is the premium option, featuring many unique benefits across various segments. It has an annual charge of Rs. 1,499 and provides cardholders with benefits worth similar in terms of value. With a reward rate of up to 10%, it is one of the best shopping credit cards available in India today.

Joining Fees: | Annual Fees:

Rs. 1499+GST | Rs. 1499+GST

Reward Type:

Reward Points

Suited For:

Shopping

Issued on:

Visa | RuPay

Rating:

4.7/5

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Fees and Charges

Fees: - Joining/Annual 1499+GST
Best Suited For: - Shopping
Reward Type: - Reward Points
Welcome Benefits: - NeuCoins 1499 on Tata Neu app
Fee on Reward Redemption: - Nil
Interest Rates: - 3.49% per month (41.88% annually)
Spend Based Waiver: - If you spent at least Rs. 3 Lakh or more in the past year, the renewal fee is waived.
Fuel Surcharge: - Waiver of 1% fuel surcharge for fuel transactions in India between ₹400 to ₹5000.
Foreign Currency Markup: - 2% of the total transaction amount (plus applicable taxes)
Cash Advance Charges: - 2.5% (Min. Rs. 500) of the withdrawn amount.
Add-on Card Fee: - Nil

Reward and Benefits

Movie & Dining: - NA
Rewards Rate: - The Tata Neu app offers 10% cashback (in the form of Neucoins), 5% cashback on Tata partner brands, and 1.5% cashback everywhere.
Rewards Redemption: - Earned Neu Coins can be redeemed for Tata partner brands on the Tata Neu app at a 1:1 ratio (1 Neu Coin = Re. 1).
Travel: - NA
Domestic Lounge Access: - Every calendar year, there are 8 complimentary access to domestic lounges
International Lounge Access: - Every year, there are 4 complimentary international access
Insurance Benefits: - Insurance coverage of up to ₹9 lakhs for lost cards, ₹1 crore for protection against air travel accidents, and ₹15 lakhs for emergency treatment.
Golf: - NA
Zero Liability Protection: - If a card is reported lost or stolen within 48 hours, the cardholders won't be held responsible for any fraudulent transactions done using the card.

Product Details

1,499 Neu Coins as a welcome bonus.
Get 10% in NeuCoins when you use card on the Tata Neu app.
Get 1.5% NeuCoins on other purchases and 5% NeuCoins on Tata partner brands
Get free access to both domestic and international loungess.
2% is a low foreign exchange markup.
1% of fuel surcharges are waived up to 500 rupees a month.

Pros/Cons

Pros

10% in NeuCoins on Tata Neu app.
2% is a low forex markup.

Cons

NeuCoins have a one-year expiration date.
The annual fee waiver comes at a high cost of ₹3 lakhs

HDFC Tata Neu Infinity Credit Card Features and Benefits

The Tata Neu Infinity Card is a co-branded shopping card recently introduced by HDFC Bank in collaboration with Tata Neu. With thrilling shopping rewards, the card also includes various other benefits such as complimentary lounge access, air accident insurance, and so on. The complete benefits and features of the Tata Neu Infinity Card are listed below:

Welcome Benefits:

As a welcome bonus, cardholders receive 1,499 bonus Neu Coins, which is equal to the card's joining fees.
Within the first 30 days of the card's issuance, cardholders must use their Tata Neu Infinity Card for at least one transaction in order to qualify for this welcome benefit.

Travel Benefits:

Also, holders of the HDFC Tata Neu Infinity Credit Card enjoy the following wonderful travel benefits:

8 complimentary domestic lounge visits per year (limited to 2 per quarter) are offered to cardholders who use both the Visa and RuPay versions.
With your priority pass, whether you use your Visa or RuPay card version, you are entitled to 4 complimentary visits to international lounges each year. These visits are only permitted once every quarter, though. You will be charged a usage fee of $27 plus GST per visit if you visit a lounge outside of India more than the number of complimentary visits.

Insurance Benefits:

The Tata Neu Infinity Card comes with the following insurance benefits:

Get a Rs. 1 crore insurance policy against accidental air travel death.
Get a Rs. 15 lakh emergency foreign hospitalization coverage.
Get a Rs. 9 lakhs lost card liability cover.

Rewards Points Redemption:

With a minimum of 500 Cashpoints, you can redeem Cashpoints against your card statement balance at 1 Cashpoint = Rs. 0.25. You can redeem up to 50000 Cashpoints each month in this category.
At the Smartbuy rewards portal, you can use Cashpoints to pay for products, gift cards, and flights. 1 Cashpoint is worth Rs. 0.25. You can use Cashpoints to redeem 50% of the value of flight and hotel bookings and 70% of the value of products and vouchers; the remaining amount must be paid with your credit card. You can use up to 50000 Cashpoints per month for these categories.

Waiver Based on Spending:

If the cardholder spends at least Rs. 3 lakhs a year in the previous anniversary year, the Rs. 1,499 renewal fee is waived.

Waiver on fuel surcharge:

The Tata Neu Infinity Card waives a 1% fuel surcharge on all transactions between ₹400 and ₹5,000. The maximum waiver amount is Rs 500 per statement cycle.

HDFC Tata Neu Infinity Credit Card Fees/Charges

Here are a few important fees and charges related to the HDFC Bank Tata Neu Infinity Credit Card:

This credit card has an annual/joining fees of Rs. 1,499. For the second year onwards, there is no renewal fee if the cardholder spent at least Rs. 3 lakhs in the previous year.
This credit card has an interest rate of 3.49% every month, or 41.88% annually.
With the HDFC Tata Neu Infinity Card, the cash advance fee is 2.5% of the amount withdrawn, up to a maximum of Rs. 500.
This credit card has a foreign currency markup fee of 2% of the entire amount spent overseas.

Redemption of Reward:

Here are a few important fees and charges related to the HDFC Bank Tata Neu Infinity Credit Card:

Hotel Bookings/Purchases on IHCL, TATA 1MG, Qmin, Bigbasket, Croma, Westside, Tata CLiQ, Tata CLiQ Luxury.
1 NeuCoin is an equivalent of ₹1.

HDFC Tata Neu Infinity Credit Card Rewards

You can earn Tata Neu coins as a reward with the Tata Neu Infinity HDFC Credit Card. The reward rates for the various categories are as follows:

On every TataNeu app/website purchase, you get 5% in NeuCoins.
When you activate Neu Pass on the mobile app, you'll get an extra 5% NeuCoins.
With partner Tata brands including AirAsia India, Tata 1mg, Tata CLiQ, Croma, cult.fit, Big Basket, Westside, IHCL, and a few more, you can earn 5% NeuCoins.
1.5% NeuCoins get for UPI transactions (up to 500 NeuCoins each calendar month).
Rent, fuel purchases, wallet reloads, cash withdrawals, and EMI transactions do not earn NeuCoins.

HDFC Tata Neu Infinity Credit Card Eligibility Criteria

You must meet the following basic requirements for eligibility in order to be granted approval for the HDFC Bank Tata Neu Infinity Credit card:

For self-employed applicants the age range should be 21 to 65 years old, and for salaried applicants, it should be 21 to 60 years old.
The monthly minimum eligible income for salaried employees is Rs. 1 lakh.
The minimum annual income requirement for people who are self-employed is Rs. 12 lakhs.

Required Documents:

The following list of documents is required in order to apply for the Tata Neu Infinity HDFC Bank Credit Card:

Identity documents such as an Aadhar card, PAN card, voter ID, passport, driver's license, etc. must be submitted.
Additionally, you must provide documents of your address, such as recent utility bills, a rental agreement, an Aadhar card, a passport, etc.
You can provide the most recent salary slips and bank statements, or in the case of self-employed individuals, the most recent audited ITR, as evidence of your income.

Apply for the HDFC Bank Tata Neu Infinity Credit Card

You can apply for the Tata Neu HDFC Bank Infinity Credit Card both online and offline at your convenience. To apply offline, bring all of the necessary documents to the nearest HDFC Bank branch. After that, get the credit card application form from the bank officials, carefully fill it out, and submit it.

To apply online with CREDBANK, simply click the "Apply now" button to start your online application, then complete the remaining requirements and submit your application to finish the process

To apply online, you must complete a few basic processes, as detailed below:

Go to the official HDFC Bank website.
Select the "Credit Cards" option located under the "Borrow" section.
Once on this page, you will see that all of the HDFC Credit Cards have been categorized according to their features.
Choose the Tata Neu Infinity Credit Card under the "Lifestyle" category.
Under that, select the "apply now" option.
Fill out the online application and finish the remaining necessary formalities to proceed in the right manner.

Review of the Tata Neu Infinity Credit Card

Is this credit card the best option for you? The Tata Neu Infinity Credit Card from HDFC Bank appears to be a fantastic alternative for regular buyers, especially those who prefer Tata brands.

This card offers an excellent reward rate, and got Tata Neu coins can be redeemed against a variety of brands. The card's airport lounge access for such a low yearly cost is an added benefit that can be attractive to many people. You can quickly get approved for it offered you meet the minimum qualifying standards, so if it meets your needs, go for it.

Now we know about the Tata Neu HDFC Bank Infinity Credit Card. Share your thoughts and opinions about this credit card in the comments box below!

FAQs:

What is the minimum salary for a salaried employee to qualify for this credit card?

To get qualified for the Tata Neu Infinity HDFC Credit Card, your net monthly income must be more than one lakh.

Is there international lounge access with the HDFC Tata Neu Infinity Credit Card?

Yes, this credit card provides you with four complimentary international lounge access (up to one every quarter).

How do I earn 10% back when I buy anything from TataNeu?

To receive 10% NeuCoins on Tata Neu transactions, activate the Neu Pass in your Tata Neu account and use the Tata Neu Infinity Card.

What is the TataNeu HDFC Infinity Credit Card's foreign exchange markup fee?

The currency markup fees on this credit card is 2%, which is significantly lower than the 3.5% fee levied by the majority of credit cards in the country.

Tata Neu Infinity HDFC Bank Credit Card
Rating: 4.7/5