HDFC Bank has launched a new Spend offer which is offering bonus points for Credit Card users for the Apparel, Jewellery and Insurance categories.

The new HDFC Bank Credit Card offer, launched on December encourages people to spend on their HDFC Bank Credit Cards on Apparel, Jewellery and Insurance categories, subject to the following caps:

• Minimum individual transaction amount of INR 5,000 and above is required on Apparel or Jewellery segments to get 5X Reward Points, subject to a maximum of 1000 Reward Points during the programme period.
• Minimum overall spends of INR 20,000 is required on the Insurance category to get 5X Reward Points, subject to a maximum of 2000 Reward Points during the programme period.

So, if you are out buying over INR 5,000 worth of clothes, from, let’s say, Indian Terrain in the next 40 days using an Infinia, you should be getting 167 Reward Points + 668 Bonus points.

However, if you are out paying INR 20,000 towards insurance premiums, let’s say, in the next 40 days using an Infinia, you should be getting 666 Reward Points + 2666 Bonus points. This is where the insurance 5x points promotion breaks.

The offer applies to Retail and Business Credit Card customers only, and the additional reward points will come to your account by April 2021.

Classification of a retail transaction (Point of sale/Online) under a merchant category (Jewellery) will be defined by Visa/MasterCard or any other franchisee as applicable, and the same will be used for the bonus reward points posting.

What are your thoughts on the promotion?

(HT: Kunal Dani)

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