If you are looking for a credit card that gives you 5% cashback on your purchases, then the Tata Neu Infinity HDFC Bank Credit Card is a good card because this card gives you 5% cash back on all purchases made from the Tata Nue App. and 1.5% cash back on purchases made on any other platform
Card Type: Cashback, Rupay
- Eligibility:
- Age:- 21 to 60 Years
- Monthly Income:- 1 Lakh
- Self Employed Person
- Age: 21 to 65 Years
- ITR > Rs 12 Lakhs per annum
Benefits:
- Reward Points:
- 5% NeuCoins: Earn 5% NeuCoins on non-EMI spends on Tata Neu App On partner Tata brands (maximum cap applies).
- 1.5% NeuCoins: Earn 1.5% NeuCoins on non-Tata brand spend and any merchant EMI spends.
- 1.5% NeuCoins (up to 500 per month): Earn on UPI spends (including spends on partner Tata brands).
- Additional 5% NeuCoins: Earn through NeuPass membership on selected categories on the Tata Neu app/website (details on the website).
- NeuCoins Benefits: You can redeem NeuCoins on all services available on the Tata Neu platform.
- Upon activating the card you get a welcome bonus of 1,499 NewCoins which can be redeemed on your first transaction within 30 days of receiving your card.
Other Benefits:
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- Contactless payments
- Insurance coverage (details on website)
- Enjoy a fuel surcharge waiver of up to ₹250 per statement cycle.
Additional Benefits:
- Complimentary Lounge Access:
- You can avail complimentary domestic lounge every 3 months and 8 times a year. Each access will be charged at Rs 2.
- International Lounge Access – VISA Card
- Through Priority Pass, you and your additional members can together access up to 4 complimentary lounges per calendar year outside of India, with one access available per quarter.
- International Lounge Access – RuPay
- Get 4 complimentary lounge access per calendar year (1 per quarter) outside India. You will be charged $3 from your card for each complimentary lounge access. 25 will be taken which will be returned later.
- Fuel Surcharge Waiver: Receive a 1% fuel surcharge waiver at all fuel stations across India, applicable on transactions ranging from ₹400 to ₹5,000. Enjoy a maximum waiver of ₹500 per statement cycle.
- Zero lost card liability: If you have lost your card, you must recover it within 24 hours but you will not be reimbursed if you report the loss of your card to Customer Executive.
- Interest-Free Credit Period: You get an interest-free period of up to 50 days on your Tata Neu Infinity HDFC Bank Credit Card from the date of purchase
NeuCoins Redemption:
- You can use your NeuCoins for purchases on the Tata Neu platform or website, covering all Tata brands.
NeuCoins Validity:
- Your NewCoins will expire 365 days after your latest transaction,
Fees:
- Joining/renewal fee: ₹ 1499 + applicable taxes (waived if you spend ₹ 3,00,000 lakh or more in a year)
Additional Points:
- NeuCoins come with limited validity and are subject to the terms and conditions outlined in the Tata Neu program.
- You will not get any cashback on international transactions, rent payments, government transactions, etc.
Pros & Cons
Pros
- High rewards on Tata Neu and partner brands: You can earn 10% cashback on your purchases on the Tata Neu app and 5% cashback on purchases with partner brands like Air India, Westside, Big Basket, etc. This can be a significant benefit if you frequently shop at these stores.
- Decent rewards on other spending: You still earn a respectable 1.5% cashback on all other eligible spends, making it a well-rounded card for everyday purchases.
- Complimentary airport lounge access: The card offers complimentary domestic and even some international airport lounge access, which can be valuable for frequent travelers. This benefit is typically seen in premium cards.
- Travel and purchase protection: The card includes travel insurance and purchase protection, providing some security for your purchases and trips.
- Annual fee waiver: The annual fee can be waived if you spend Rs. 3 lakh or more in a year, making it potentially free for high spenders.
Cons
- High joining fee: The fees of this card may become a problem for some applicants as the fee of the card is Rs 1499.
- Foreign currency markup: If you make international transactions with the help of this card, you may have to pay a foreign currency markup fee of 2%.
- Limited reward redemption options: While you earn cashback in the form of NeuCoins, redemption options might be limited compared to cards with more flexible programs.
- Lower rewards on basic spending: Compared to some cashback cards, 1.5% on non-Tata Neu and partner brand purchases might be on the lower side.
Please Read Our other credit card reviews
Disclaimer
If there is any change in the card information, benefits, fees, or anything else in the future, CredBanking will not be responsible for this because we have obtained this information from the internet and website.
