HDFC Bank has been stimulating its existing credit card member base to spend more a lot of late. Just a few weeks ago, HDFC Bank had a 5X offer on various categories, and now they are back with a universal HDFC Card Education Payment offer for everyone.

HDFC Card Education Payment Offer: 5X Rewards Points

To promote people to use the HDFC Bank Credit Cards in the education segment, there is an HDFC Card Education Payment Offer, offering bonus HDFC Bank reward points for paying Education expenses on their proprietary personal Credit Cards between October 1 and October 31, 2021.

One earns 5x rewards points on education payments with this promotion, as long as over INR 15,000 (in a single transaction) has been spent on education payments on the same card throughout the month. You can do this twice over in October 2021, and each transaction has to be online to qualify.

There is a cap of 500 points that can be earned as bonus points via this promotion. The promotion is not targeted and hence does not need any enrollment. The offer is applicable to all HDFC Bank Retail and Business Credit Card customers. Corporate and Commercial cards are Excluded.

Essentially, on Infinia, you get 500 points on an INR 15,000 payment, plus another 500 points towards 5X (the full 4X bonus is 2000 points) which leads to a return of 6.66% on your education payments. Other cards will similarly have their own calculations. The Bonus Reward Points will get credited to Cardmember’s account by January 31, 2022.

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

Only eligible transactions going through merchant platforms will be eligible for Reward Points. Transactions going through an aggregator (like Paypal, Paytm, PayU etc.) may not trigger Reward Points since it entirely depends upon how a merchant submits its transactions to HDFC Bank.

Bottomline

It is fantastic when you can earn miles for stuff you are already going to have to do, such as paying for education. But when you get 5X points to do that, it is all the more reason to do so. However, this promotion is not very liberal as it should have been given it caps out pretty quickly. If you are planning an Education payment, you might want to consider making your education payments in October 2021 itself if you intend to use this offer.

Which HDFC Bank Credit Card are you going to use this month to pay for your education?

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