HDFC IRCTC Credit Card Review 2023

The IRCTC HDFC Bank Credit Card has emerged as a promising option for individuals in India who frequently engage in rail travel and related expenses. Introduced as a collaborative effort between HDFC Bank and the Indian Railway Catering and Tourism Corporation (IRCTC), this credit card targets those who have substantial expenses associated with train ticket bookings and frequent travel. Let's delve into the key features and benefits of this card, providing an insightful review for potential users.

Welcome Benefits:

Upon the activation of the IRCTC HDFC Bank Credit Card within the initial 30 days of issuance, cardholders are welcomed with a gift voucher worth INR 500. This serves as an immediate perk, enhancing the value of acquiring the card.

Reward Rates:

One of the standout features of this credit card is its reward program, structured to cater to various spending patterns. For quarterly spends of INR 30,000, users receive a gift voucher worth INR 500. Furthermore, when utilizing the IRCTC ticketing website and Rail Connect App, cardholders earn 5 Reward Points for every INR 100 spent. For other transactions, the card offers 1 Reward Point for every INR 100 spent. Notably, an additional 5% cashback is provided for train ticket bookings via the HDFC Bank SmartBuy platform. This intricate reward system makes the card particularly appealing for those who frequently utilize rail services.

Railways Lounge Access:

A noteworthy feature that enhances the travel experience is the provision of 8 complimentary access passes annually to select IRCTC Executive Lounges. With 2 passes available per quarter, cardholders can enjoy enhanced comfort and convenience during their travels.

Transaction Fees Waiver on IRCTC:

This credit card extends a substantial benefit to users by offering a 1% waiver on transaction charges for activities on the IRCTC ticketing website, Rail Connect App, and HDFC SmartBuy. The maximum waiver allowed per statement cycle is INR 1,000. This waiver effectively reduces the financial burden associated with these transactions.

Fuel Surcharge Waiver:

Recognizing the practicality of fuel-related expenses, the IRCTC HDFC Bank Credit Card provides a 1% fuel surcharge waiver across all fuel stations in India. This waiver is applicable to transactions within the range of INR 400 to INR 5,000, with a maximum waiver cap of INR 250 per statement cycle. This feature ensures savings for cardholders on an essential aspect of their expenses.

Joining & Renewal Fees:

Acquiring the IRCTC HDFC Bank Credit Card involves a joining fee of INR 499. However, the renewal fee can be waived off if the cardholder has spent INR 1.5 lakhs or more in the preceding year. This incentivizes consistent and substantial usage of the card.

Loan on Credit Card:

While the card offers the convenience of EMI conversion, it comes with an interest rate of 3.6% per month. This rate is relatively high and should be considered with caution. Additionally, cash advances are subject to a fee of 2.5% of the cash amount or a minimum of Rs. 500, whichever is higher.

Bottomline:

In conclusion, the IRCTC HDFC Bank Credit Card presents a valuable proposition for those who frequently engage in train travel and related expenses. Its intricate reward system, welcome benefits, fuel surcharge waiver, and complimentary lounge access enhance the travel experience and provide tangible financial advantages.

However, users should be mindful of the higher interest rate associated with EMI conversions. This credit card finds its niche among individuals seeking optimized travel benefits and rewards, and it stands as a commendable alternative for those seeking to enhance their rail travel experience with a well-rounded financial tool.

It's essential to note that the aforementioned review is based on information available up to September 2021 and should be cross-referenced with the latest terms and conditions available from HDFC Bank.

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