After a long time, HDFC Bank has launched new credit cards. This time it is co-branded credit cards with Shoppers Stop. This is also HDFC Bank’s first launch after the RBI lifted the ban. We have two variants – base and Black. While the base variant is not that great, the higher Black variant is a rewarding card for Shoppers Stop customers. Here is everything you need to know about the new Shoppers Stop HDFC Bank credit cards.
Shoppers Stop HDFC Bank Credit Card
The base variant is an ok attempt and comes with low rewards. We get welcome ‘Discount Vouchers’ worth Rs 500 that can be used on shopping of Rs 5000 from private brands.
- Lifetime Free Card
- u003cstrongu003eSpends on Private Brands:u003c/strongu003e 6 First Citizen RP/Rs 150 u003cstrongu003e~ 3.6% Returnu003c/strongu003e (capped at 500 RP/month)
- u003cstrongu003eAll Other Spends: u003c/strongu003e2 First Citizen RP/Rs 150 u003cstrongu003e~1.2% Returnu003c/strongu003e
- Bonus 2000 RP on Rs 2 Lakhs spend in a year
- Each Shoppers Stop RP is equal to 60 paise.
Shoppers Stop HDFC Bank Black Credit Card
The higher variant Black card is good with its rewards. If you have high spending at Shoppers Stop, this can be a good option. The annual fee of this card is not known yet.
- Free ‘First Citizen BLACK Membership’
- 3 X Rs 500 Welcome ‘Discount Vouchers’ redeemable on shopping for Rs 5000 from Private Brands
- u003cstrong style=u0022text-indent: -0.9em; background-color: var(u002du002dhas-boxed, #ffffff); color: var(u002du002dcolor); font-family: var(u002du002dfontFamily); font-size: var(u002du002dfontSize); font-style: var(u002du002dfontStyle, inherit); letter-spacing: var(u002du002dletterSpacing); text-transform: var(u002du002dtextTransform);u0022u003eSpends on Private Brands:u003c/strongu003eu003cspan style=u0022text-indent: -0.9em; background-color: var(u002du002dhas-boxed, #ffffff); color: var(u002du002dcolor); font-family: var(u002du002dfontFamily); font-size: var(u002du002dfontSize); font-style: var(u002du002dfontStyle, inherit); font-weight: var(u002du002dfontWeight); letter-spacing: var(u002du002dletterSpacing); text-transform: var(u002du002dtextTransform);u0022u003e 20 First Citizen RP/Rs 150 u003c/spanu003eu003cstrong style=u0022text-indent: -0.9em; background-color: var(u002du002dhas-boxed, #ffffff); color: var(u002du002dcolor); font-family: var(u002du002dfontFamily); font-size: var(u002du002dfontSize); font-style: var(u002du002dfontStyle, inherit); letter-spacing: var(u002du002dletterSpacing); text-transform: var(u002du002dtextTransform);u0022u003e~ 12% Returnu003c/strongu003eu003cspan style=u0022text-indent: -0.9em; background-color: var(u002du002dhas-boxed, #ffffff); color: var(u002du002dcolor); font-family: var(u002du002dfontFamily); font-size: var(u002du002dfontSize); font-style: var(u002du002dfontStyle, inherit); font-weight: var(u002du002dfontWeight); letter-spacing: var(u002du002dletterSpacing); text-transform: var(u002du002dtextTransform);u0022u003e (capped at 2000 RP/month)u003c/spanu003e
- u003cstrongu003eOther Shoppers Stop Spends: u003c/strongu003e15 First Citizen RP/Rs 150 u003cstrongu003e~9% Returnu003c/strongu003e
- All Other Spends: 5 First Citizen RP/Rs 150 u003cstrongu003e~3% Returnu003c/strongu003e
- Each Shoppers Stop RP is equal to 60 paise.
The ‘First Citizen BLACK Membership’ is a good addition to this card. The membership gives another 10% First Citizen RP on all spending at Shoppers Stop. So, the total benefit comes to 18% on private brands and 15% on other spending at Shoppers Stop.
Other Benefits
- 1% fuel surcharge waiver (up to Rs 250/month)
- HDFC Bank Smartbuy offers. u003cstrongu003eMaximum cashback up to Rs 2500/monthu003c/strongu003e.
- u003cspan style=u0022text-indent: -0.9em; background-color: var(u002du002dhas-boxed, #ffffff); color: var(u002du002dcolor); font-family: var(u002du002dfontFamily); font-size: var(u002du002dfontSize); font-style: var(u002du002dfontStyle, inherit); font-weight: var(u002du002dfontWeight); letter-spacing: var(u002du002dletterSpacing); text-transform: var(u002du002dtextTransform);u0022u003eAirport Lounge Access only for Black variant. 4 visits/quarter for domestic lounges and 2 visits/quarter for international lounges.u003c/spanu003e
Final Thoughts
HDFC Bank was silent for quite a long time due to the RBI ban. But, we can expect many more new launches going forward.
The Shoppers Stop HDFC Black credit card looks good for Shoppers Stop customers. For Infinia customers, this card does not offer much extra value except the ‘First Citizen Black’ membership. We already get 16.5% rewards on Infinia for Shoppers Stop gift vouchers from Smartbuy.
The main challenge for these cards will be HDFC Bank’s one-card policy. It still does not ‘officially’ allow customers to hold more than one credit card. Yes, we have exceptions but it needs to be opened up. HDFC Bank has some great credit cards like Regalia, Privilege, Infinia, and DCB. No one will want to give those up for co-branded credit cards.
Shoppers Stop HDFC Bank Credit Cards Product Infomation
