Unlock Exclusive Rewards: Is the Shoppers Stop HDFC Bank Credit Card Worth It?

Shoppers Stop HDFC Bank Credit Card

Are you looking for a credit card that offers exclusive rewards and benefits? The Shoppers Stop HDFC Bank Credit Card might just be what you need. In this article, let’s take a closer look at the card’s exclusive rewards and features, as well as its eligibility criteria and application process. So, let’s dive in!

Exclusive Rewards: Shoppers Stop HDFC Bank Credit Card

The Shoppers Stop HDFC Bank Credit Card offers a vast range of exclusive rewards that are tailored to meet your everyday needs. These rewards include:

1.Welcome benefits – When you apply for the card, you receive a welcome gift voucher worth Rs. 500, which can be redeemed at any Shoppers Stop store.

2.Reward points – Get First Citizen Points for every Rs. 150 spent on retail transactions, 6 First Citizen Points on private-label brands at shopper stop on every Rs. 150 spent. Also get 2 First citizen points for every Rs. 150 spend on all brands and categories.

3.Fuel surcharge waiver – Get a 1% fuel surcharge waived of up to Rs. 250 per statement cycle.

Benefits and Features Analysis

Here’s a closer look at the benefits and features of the Shoppers Stop HDFC Bank Credit Card:

1.Joining fee and annual fee – Being a cobranded credit card, it comes with no joining or renewal fees. This is a lifetime free card that offers multiple benefits and has exclusive discounts and offers.

2.Reward points – You earn 2 reward points as First Citizen points for every Rs. 150 spent using the card. You also get 6 times the reward points when you use the card at Shoppers Stop stores.

3.Redemption options – You can redeem your reward points in Shoppers Stop outlet or online through Shoppers Stop website.

4.Fuel surcharge waiver – You get a 1% fuel surcharge waiver of up to Rs. 250 per billing cycle.

5.Interest rate – The interest rate on the card is 3.6% per month, which becomes 43.2% of annual interest rate.

Application Process and Eligibility Criteria

Here’s what you need to know about the application process and eligibility criteria for the Shoppers Stop HDFC Bank Credit Card:

1.Eligibility criteria – For the eligibility, you should be between 21 and 60 years of age and have a minimum income of Rs. 2.4 lakhs per annum for salaried individuals and Rs. 6 lakhs or more for self-employed citizens.

2.Application process – Simply apply for the card online or by visiting any HDFC Bank branch. You will need to provide your personal and financial details, as well as your KYC documents.

Is it Worth Unlocking the Exclusive Rewards?

Now that you know about the exclusive rewards and benefits of the Shoppers Stop HDFC Bank Credit Card, you might be thinking if it’s worth unlocking them. Here’s my take:

If you are a frequent shopper at Shoppers Stop, this card can be a great option for you. The card offers a high reward rate for transactions made at Shoppers Stop stores, which can quickly add up to significant savings. Additionally, the fuel surcharge waiver can be valuable perks for frequent travellers.

However, if you don’t shop at Shoppers Stop frequently, the card’s benefits might not be of any worth. Additionally, the card’s high-interest rate can quickly add up to significant interest charges if you don’t pay your balance in full every month.

Conclusion

The Shoppers Stop HDFC Bank Credit Card offers a vast exclusive rewards and benefits that can be valuable for frequent shoppers at Shoppers Stop and frequent travellers. However, the card’s benefits might not be worth the annual fee for those who don’t shop at Shoppers Stop frequently. As with any credit card, it’s important to follow your spending habits and needs before applying for the Shoppers Stop HDFC Bank Credit Card.