HDFC bank has been a leader when it comes to private sector banking players. The bank which is known for its undying dedication towards its customer base is also hailed for offering range of banking solutions. Operating with state-of-art-banking techniques, the bank has been instrumental whenever it comes down to offering banking solutions in the most convenient and affordable manner.
Like all its service, the bank also has a magnificent
credit card portfolio. Credit card, as many of the readers might know, is a sort of monetary instrument that assists people by extending credit at the time when they need the most. Also known as 'plastic money', credit cards rose to fame in early 2000s when it was classified as a financial tool meant exclusively for business class people and for those who hail from rich and affluent class. However, precisely speaking the concept of credit cards were conceptualized to cater to the business needs of entrepreneurs and sole-proprietors.
But as competition increased, several modifications saw credit cards becoming eligible for upper middle class and sections other than that. However, with emergence of debit cards, the somewhat popularity levels start dipping and soon they went out of fashion and got restricted back to the same class for which they were meant for. Later when liquidity crisis arrived, things become worse from bad for credit card issuance authorities. Almost every credit card provider be it Axis Bank, ICICI or any other national bank they all took beating at the hands of the crisis leading to whitewash of it.
However even when crisis was going great guns, it was only HDFC credit cards portfolio that continued to churn profits.
HDFC gold credit card specially fared better than all its peers. The card, even in the time when maintaining liquidity levels for banks was proving to be tough ask, offered customers 5 percent cash back on air-ticketing. The card also helped people with cheaper hotel bills by offering them discounts on hotel tariff. The 5 percent cash back offer was also applicable on the train ticketing.
With its global acceptability quality, carrying this card to any part of the world is always useful. To add to it, the user of this HDFC gold credit card also becomes eligible for special offers from HDFC bank. There is also a rewards point redemption scheme on this card. Beside it the user also get a chance to get rewards through its reward scheme. What more the user gets an additional identical add-on card just in case if he/she loses it.
Meanwhile there was one more credit card product that has been doing great business for the bank. It is the
HDFC silver credit card. This card is a multi-purpose credit card and can finance all kinds of expenses for its users. Its excellent 'earn while you spend' scheme lets user become eligible gifts and other rewards simultaneously when he or she uses it.
However if the user has a habit of suffering from 'getting lost' woes then the HDFC silver credit card comes with 3 more add-on cards which help him in battling with such problems. Even if the user loses it, he holds zero liability for the card. Last but not least, the card has global acceptance making it a worthwhile commodity to carry when the user travels abroad.
For more to know more on
HDFC gold credit card,and
HDFC silver credit card., visit www.paisawaisa.com/
