New: HDFC Bharat CashBack Credit Card Review

By | November 28, 2016

HDFC recently launched a new credit card named Bharat CashBack Card which is primarily a beginner level card and stands below their popular Moneyback credit card. It seems like they want to grab the customers who choose Standard Chartered Credit cards for its cashback feature, which has similar benefits as this one. Smart HDFC 😉

  • Joining Fee: Rs.500 (maybe waived in some cases)
  • Renewal fee: Reversed if you spend Rs. 20,000 in a year
Bharat CashBack Card Review

Bharat CashBack Card Review

5% CashBack Categories:

You get 5% cashback on below categories:

  • IRCTC
  • Bill Payment
  • Fuel
  • Max CashBack: Rs 150 Per statement Cycle

Enjoy Additional 5% Cash back on below categories as well.

  • Easy EMI
  • Payzapp
  • Smart Buy
  • Max CashBack: Rs 150 Per statement Cycle

So, you can expect to save around Rs.300 in total by spending Rs.3,000 in each category. It should be pretty much enough for those beginners who put basic spends on credit cards. Looks like they’re not going to issue reward points on other spend categories. Well, that’s how they’re able to provide 5% cashback 😀

Features of Bharat CashBack Card:

  • CardExpert Rating: 3.5/5
  • Reward rate: Upto 5% Cashback
  • Complementary Airport lounge access: Nil
  • Fuel Surcharge Waiver: Capped at Rs. 250 every billing cycle (S.Tax applicable).
  • Foreign Exchange Markup fee: 3.5% + Service Tax
  • Renewal Fee Waiver: Renewal fee reversed if you spend Rs. 20,000 in a year
  • Special Features: No limits on earning reward points.

Overall, its a very basic card and one should go for it only if you spend on Cashback categories. I see cashback’s on IRCTC & Fuel as its unique feature of the card compared to other benefits. If you happen to spend on other categories as well, then Moneyback card or even Business Moneyback Credit Card is a better option by HDFC for beginners, though devalued recently.

What do you think about HDFC’s new Bharat CashBack Credit Card? Share your views in comments below.

2 thoughts on “New: HDFC Bharat CashBack Credit Card Review

  1. Prashant Agrawal

    Now that you mention devaluation for some funny reason I can’t seem to find any change when tried to redeem points using the online portal. The reward-RP required has remained same for my AllMiles card. Weird.

    Reply
    1. Siddharth Post author

      Redeeming on Catalog or Allmiles eVoucher?
      I see Regalia’s 0.60ps is already in effect on eVoucher redemption. Unsure about Allmiles.

      Reply

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