HDFC Bank Global Value Program is an underrated and less publicized benefit that is a great value add for HDFC Bank credit cards. In India, there are many credit cards that offer good rewards on domestic purchases. It’s rare to find credit cards that can reward international transactions in the same way. Due to the increase in travel for work or vacation, this category of spending has continued to grow. For many people, zero forex markup credit cards are the first choice. However, there are credit cards that offer good rewards on international transactions even after the forex markup is taken into account. With the HDFC Bank Global Value program, the super-premium HDFC Bank Infinia and DCB credit cards are an incredible option for international spending. Learn all about the HDFC GVP program and its benefits here.
What is the HDFC Bank Global Value Program?
HDFC Bank Global Value program is an ‘add-on service’ that we can activate on HDFC Bank credit cards. The program is beneficial for customers who will use their HDFC Bank credit cards for international transaction as it will give you 1% extra cashback over and above your credit card rewards.
Fees
Joining Fee | Rs 199+GST ~Rs 235 |
Welcome Benefit | 500 Bonus RP on 1st international transaction ~Rs 500 for Infinia and DCB cards |
Annual Fee | Rs 199+GST ~Rs 235 |
The welcome benefit of 500 reward points on Infinia/Diners Club Black credit cards are worth Rs 500 when used for flights/hotel booking. The fee for this program is directly charged to the credit card statement for which we have enrolled. Once activated, the HDFC GVP program stays effective unless you opt out it by calling customer care.
Benefits
Cashback Benefits | 1% cashback on all International transactions |
Maximum Cashback | Rs 1000/statement cycle |
Milestone Benefits | Rs 2000 MakeMyTrip/ClearTrip/Yatra/Ease My Trip GV voucher on international spending of Rs. 1.5L in a year |
Valid Credit Cards | All HDFC Bank credit cards |
Feature Link | https://offers.smartbuy.hdfcbank.com/offer_details/gvp/24664/Z2epmWc%3D |
To avail of this benefit, we need to always pay in foreign currency and not convert to INR at the PoS/payment gateway. This benefit is also applicable for foreign currency transactions that you make on international websites while being in India.
For the super-premium Infinia and DCB credit cards, the effective reward rate is 1.94% on international transactions with the Global Value program. This makes Infinia and DCB a good option when we need to spend on non-INR transactions.
How to Enrol in HDFC Bank Global Value Program
HDFC Bank has stopped taking SMS requests for enrolling in the program. Now, we need to call the phone banking or email the customer support team and request them to enrol our card in the program. It takes up to 5 business days to complete the enrolment. For email, use below template:
Please activate the Global Value Program for my HDFC Bank credit card ending XXXX.
Customer Name | |
Email ID | |
Mobile No. | |
Program to be enabled | GVP |
Annual fees/Renewal fees ( Auto Renewal ) | Rs. 199/- + GST |
Aware of Product features | YES |
Personal Experience
We have been using the Global Value program with the Infinia credit card for quite a long time. For a fee of Rs 235 per year, we can get up to Rs 12000 cashback every year on international transactions. We can spend Rs 1 Lakh in every statement cycle to hit the cashback caps on the HDFC Bank Global Value program. Plus, you also get the milestone benefits on hitting Rs 1.5 Lakh international transaction spend milestone.
It is worth enabling this program even if we make a couple of international transactions in a year. For someone who travels a lot or makes frequent international transactions, this can be a great way to save on international spending!
7 thoughts on “HDFC Bank Global Value Program: 1% cashback on international spends”
Can we cancel this program after some time? And re-enable it again if required?
Yes, we can
How do I activate this offer for my infinia? I tried sending the SMS, but that failed. I also tried with the customer service but they have no idea about this program.
You will have to speak with a few more customer agents. Not all are aware of this program but few have managed to get it activated this month.
It might be some stupid question (can ignore if pointless) 🙂
Could you give me some trusted websites that you do transactions on international purchases.?
Hi Phani – I don’t make purchases online from India. I use the card outside India when I travel for work or vacation. 🙂
diners club black is eligible, i am using it.