Tata Neu-HDFC Bank Infinity Credit Card Reviews, Features & Eligibility – Private lender HDFC bank has launched a co branded credit card in association with Tata New. They have launched the co-branded credit cards in two variants, Tata Neu Plus HDFC Bank Credit Card and Tata Neu HDFC Bank Infinity Credit Card with lot of cashback & reward offers. The ‘plus’ variant is an entry-level card where as the ‘infinity’ variant is the premium card with benefits across different categories.
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Tata Neu HDFC Bank Infinity Credit Card Features
- Welcome bonus of 1,499 Neu Coins.
- Get 10% NeuCoins on your spends on Tata Neu app.
- Get 5% NeuCoins on Tata’s partner brands and 1.5% Neu coins on other spends.
- Get complimentary domestic and international lounge access.
- Foreign currency markup fee of 2%.
- 1% fuel surcharge waiver up to Rs. 500 per month.
- Fees waiver is Spend-based.
Rewards & Benefits
- Welcome Benefits – 1,499 NeuCoins as a welcome benefit
- Rewards Rate – 10% cashback (in the form of Neucoins) on the Tata Neu app, 5% cashback on Tata partner brands, and 1.5% cashback elsewhere.
- Reward Redemption – The earned Neu Coins can be redeemed against Tata partner brands on the tata Neu app at a rate of 1 Neu Coin = Re. 1.
- Domestic Lounge Access – 8 complimentary domestic lounge access every calendar year
- International Lounge Access – 4 complimentary international lounge access each year
- Insurance Benefits – Insurance cover worth Rs. 1 crore against air accident, cover worth Rs. 15 lakhs against emergency hospitalization, and lost card liability cover worth up to Rs. 9 lakhs.
- Zero Liability Protection – The cardholders will not be liable against any fraudulent transactions made on a lost/stolen if they report the loss of their card within 48 hours.
Fees & Charges
- Joining Fee – Rs. 1,499
- Renewal Fee – Rs. 1,499
- Spend based Waiver – The renewal fee is waived off on achieving annual spends of rs. 3 lakhs or more.
- Rewards Redemption Fee – Nil
- Foreign Currency Markup – 2% of the total conversion amount.
- Interest Rates/APR – 3.49% per month, i.e, 41.88% per annum
- Fuel Surcharge – 1% fuel surcharge waiver for all fuel transactions between Rs. 400 and Rs. 5,000.
- Cash Advance Charge – 2.5% of the withdrawn amount, subject to a minimum fee of Rs. 500.
- Add-on Card Fee – Nil
Bottom Line – Tata Neu-HDFC Bank Infinity Credit Card Reviews
Tata Neu Infinity Credit Card is good for those who really are using the TATA shopping apps a lot. Annual fees is very higher as compared to many other credit cards which are offering lounge access with life time free cards like HDFC Regalia cards or Canara Select Rupay Credit Card.