Tata Neu HDFC Bank Credit Card Review: A Comprehensive Guide
The Tata Neu HDFC Bank credit card is a feature-rich card designed to offer a plethora of benefits to its users. Whether you’re looking to earn rewards, enjoy seamless shopping experiences, or leverage the power of UPI with a credit card, this card brings it all together.
Overview
Launched on 24th August 2022, the Tata Neu HDFC Bank credit card comes in two variants: Neu Plus and Neu Infinity. Available on both Visa and Rupay platforms, this card is currently on an invite-only basis but is expected to be open to everyone soon.
Fee Structure
Both card variants have different fee structures as follows:
| Fee Type | Neu Plus | Neu Infinity |
|---|---|---|
| Joining Fee | 1499+ GST | 1499+ GST |
| Joining Benefit | 1499 Neucoins | 1499 Neucoins |
| Renewal Fee | 1499+ GST, Waived upon spending 3L in previous year | 1499+ GST, Waived upon spending 3L in previous year |
| Renewal Benefit | NIL | NIL |
Additionally, there are offers such as First Year Free (FYF) and Lifetime Free (LTF) that users might receive based on their relationship with the bank.
Application Process
The application process for the Tata Neu HDFC Bank credit card is streamlined and user-friendly. Here is a step-by-step timeline of the typical application journey:
- Opened Tata Neu app to see the LTF invite.
- Applied and opted for the Rupay Select variant.
- Credit score enquiry made and verification done via Debit Card/Netbanking.
- Received SMS of card approval.
- Card dispatched via Bluedart and delivered within a few days.
- Card activated and ready for use.
Note: If you are an existing HDFC credit card holder, the limit will be on a shared basis. Your existing HDFC bank credit card limit should be in excess of 1.5L to be eligible for the Tata Neu Infinity card.
ELIGIBLITY CRITERIA
- Required Age: 21-65 years
- Employment status: Salaried or Self-Employed
- Minimum Income: Rs 25,000 per month (Salaried)
- Minimum Income: Rs 6 lakhs per annum (Self-Employed)
DOCUMENTS NEEDED
- Address Proof – Aadhaar, Passport, Latest utility bills
- ID proof – PAN, Voter ID, Passport
- Income proof – Bank Statement, Salary Slips
My Personal Experience
I received the Paid offer in September 2022 but chose not to accept it. I continued using the Tata Neu app for shopping and received the FYF offer in November 2022, which I also declined. However, in January 2023, I received the LTF offer. Although initially shown a very low limit on the Neu Plus card, I finally applied and chose the Rupay Select variant for the Neu Infinity card.
Within a few days, the card was approved, dispatched, and delivered. The excitement of linking the card to UPI and using it for transactions on apps like Freecharge was immense, especially given the revolutionary step taken by RBI to enable credit cards on UPI platforms.
Pro Tip: To get this card as LTF, engage in regular spending on the Tata Neu app via an HDFC Bank Credit Card and wait for the invite.
Bottom Line
This credit card brings exciting times ahead for Indian consumers. With integration on UPI platforms, rewarding spends with Neucoins, and the potential for Lifetime Free offers, the Tata Neu HDFC Bank credit card is a compelling option for those looking to merge their spending and rewards platforms.
Integration on the BHIM UPI app as well as other popular Indian payment platforms makes this card versatile and convenient, ensuring that users get the most out of every transaction.
