With a long approval process, HDFC Pre-Approved Credit Card can be an ideal solution. Still, a pre-approved credit card is easy to get, and the client is guaranteed approval, moderate conditions and requirements, and a smooth process of obtaining a credit card. In this article, I will spell out all you need to know about HDFC credit cards before application, where you will learn about the requirements for getting a credit card and all the benefits that come with being an HDFC credit card holder.
HDFC Bank targets and serves its customers according to the nature of the banking relationship or credit history, etc. This request implies that after applying for it, customers have been deemed fit to use the card, and no credit checks and approvals are needed.
Additional features, sales promotions, and personalization. For existing clients, the use of CMC reduces the need to provide more information, as most of the information is stored on a credit card. No impact on credit score: Unlike the other types of credit card application processes, the pre-approved card does not usually involve a credit score check thus making sure your credit is not spoiled.
What is a pre-approved credit card?
Pre-approved credit cards are offered to the existing customers of the bank who have made a healthier and better relationship with the bank in the past and continue to maintain the goodwill in the present too. The people do not have to wait for a long processing time as it is very short because the bank has already made all the cross verification and knows about the creditworthiness of the customer.
HDFC Pre-Approved Credit Card Eligibility Criteria
HDFC Bank frequently offers pre-approved credit cards to its existing customers. However, certain criteria may affect whether you can get such training:
Bank account holder: You must have savings or salary with HDFC Bank. Customers with better credit and repayment history are more likely to get pre-approved. Products. If you have HDFC deposits, home loans, or other financial products, you will get more. Find out about pre-approved options through post, email, or your bank’s online banking portal.
You can check eligibility in the ways mentioned below.
Net Banking:Â The first step you have to follow is to Log in to your HDFC Bank Net Banking account and then check the Promotions section for all the available credit cards.Â
Procedure: Open the HDFC Bank mobile app, go to Offers or Cards, and check the pre-approved credit card. Email address for communication regarding any pre-approved credit card offers. Br>If you are eligible for a pre-approved HDFC credit card, applying is very easy:
Through Mobile Banking:
Open the HDFC Bank Mobile App.
Go to the Card section and verify the pre-payment –approvals to complete your application.
HDFC Pre-Approved Credit Card Types
There are different cards as per the needs of the customer so they can opt for any card at their convenience.
Some of them are mentioned as such:
HDFC Regalia Credit Card:
It is one of the premium cards that offers high rewards points and extra benefits such as free airport lounges, exclusive dining, and various other exciting deals.
HDFC’s Regilia Card is globally known for the benefits it offers, preferably it is most suitable for travelers and adventurous people who like luxury experiences in their lives. It also has an option of providing a facility of cashback on every purchase which you make which is one of the biggest choices of money spenders.
The important Documents that are required for an HDFC Pre-Approved Credit Card are as follows:
In most cases, only a few documents are required to get pre-approved for a credit card. Here’s what you’ll need to submit:
Identity proof: PAN card, Aadhaar card, or passport. Approval certificates are usually issued to existing customers, so proof of income may not be required, but sometimes the bank may ask for proof of payment or bank statements. Once you have verified the credit card by HDFC, the process is as follows:
Proceed with Internet Banking:
Firstly, Log in to your HDFC Bank Internet Banking account.
Go to the ‘Credits’ section after that Go to the ‘Cards’ section and select ‘Activate Card’. Launch the card. Do business online and offline. Don’t forget to set up SMS alerts, online transactions, and auto-payments to manage your card effectively.
Manage Your HDFC Pre-Approved Credit Card
To have a good experience with your HDFC Pre-Approved Credit Card requires managing it responsibly.
Here are some tips:
Pay your bills on time: Always pay your credit card by the due date to avoid late fees and interest. In your bank budget. Redeem points before they expire. Purpose:
Convenience: A quick application process and instant approval make it easy to get a credit card. A variety of financial products. Fraud prevention and OTP-based transactions. A good choice for existing HDFC customers who want good rewards, exclusive promotions, and an instant credit card with limited information. If you’re eligible, applying for a pre-approved HDFC credit card takes minutes, so you can start using your card for purchases, rewards, and perks right away.
From cash back to travel rewards or just in case of daily use, HDFC has it all with the pre-approved offer out in the market. HDFC pre-approved credit cards can be maximized if proper usage is made of the credit card, bills are duly paid on time and reward points are tracked keenly.
read also: SBI Online Credit Card Login Assistance
HDFC Pre-Approved Credit Card – Fee and Charges
Like all credit cards, a Pre-Approved Credit Card also comes with its very own fees. Here’s what you need to look out for:
1. Annual Fee
Virtually all HDFC-approved credit cards have a fee that stands between € 500 and € 10, 000 depending on the type of the card. However, the largest population of the cards that they hold will either allow the card user to take advantage of an exemption from the annual fee once the user has carried out a specific amount of spending.
2. Interest rates
Originally, HDFC Credit Card’s applicable interest rates usually fell between 1.99–and 3.49% per month. By paying your balance in full, you will keep yourself safe from high rates of interest.
3. Payment Fees
If you don’t pay at least the minimum amount by the due date, we will start a late payment fee of at least €100 for small amounts and €1,300 for high amounts.
4. Prepaid Fees
HDFC Credit Card also allows you to withdraw money from ATMs with this credit card causing a charge for the service. HDFC normally takes a rate of around 2.5 % of the money withdrawn or $ 500 whichever is large.
Conclusion
HDFC preapproved credit cards are one of the best ways to get quick and easiest access to a credit card without any much complexity and verification process. It provides various attractive benefits but at the same time, it is very crucial to consider the various other factors too such as interest rate, fees, and your financial habits before applying for it. Always prefer to choose a card that aligns with your spending needs and gives you maximum returns on it.
