The Tata Neu HDFC Bank Credit Card is a co-branded credit card offered in collaboration between HDFC Bank and Tata Neu. It is available in two variants: the Tata Neu Plus HDFC Bank Credit Card and the Tata Neu Infinity HDFC Bank Credit Card. Both cards offer a range of benefits, primarily focused on earning rewards in the form of NeuCoins, which can be redeemed on Tata Neu and partner brand platforms.
- Tata Neu Plus HDFC Bank Credit Card
- Tata Neu Infinity HDFC Bank Credit Card
What Is Tata Neu Plus Card?
Tata Neu Plus HDFC Bank Credit Card is a co-branded credit card offering that combines the benefits of HDFC Bank's credit services with rewards from the Tata Neu ecosystem. Tata Neu Plus card is designed for regular shoppers within the Tata ecosystem, offering a balance of rewards and benefits at a more accessible annual fee compared to its premium counterpart.
- Rewards: Earn 7% back as NeuCoins on non-EMI spends on Tata Neu and 2% on partner Tata brands
- Welcome Benefit: 499 NeuCoins on Tata Neu App (as reversal of 1st Year Membership Fees)
- Annual Fee: ₹499 + Taxes, waived on spending ₹1,00,000 or more in a year
- Lounge Access: 4 complimentary domestic lounge visits per calendar year (1 per quarter)
- Fuel Surcharge Waiver: 1% waiver at all fuel stations (min ₹400, max ₹5,000 per transaction, up to ₹250 per statement cycle)
- Interest-Free Period: Up to 50 days
- Contactless Payments: Enabled for transactions up to ₹5,000
- Eligibility: Minimum monthly income of ₹25,000 for salaried individuals; ITR > ₹6 lakh p.a. for self-employed
What Is Tata Neu Infinity Card
Tata Neu Infinity HDFC Bank Credit Card is a premium co-branded credit card offering from HDFC Bank and Tata Neu. This card is designed for high spenders and frequent travelers, offering premium benefits and higher reward rates compared to its counterpart, the Tata Neu Plus card. Here are the key features and benefits of this card.
- Rewards: Earn 10% back as NeuCoins on non-EMI spends on Tata Neu and 5% on partner Tata brands
- Welcome Benefit: 14,99 NeuCoins on Tata Neu App (as reversal of 1st Year Membership Fees)
- Annual Fee: ₹14,99 + Taxes, waived on spending ₹3,00,000 or more in a year
- Lounge Access: 8 complimentary domestic lounge visits and 4 international lounge visits per calendar year.
- Fuel Surcharge Waiver: 1% waiver at all fuel stations (min ₹400, max ₹5,000 per transaction, up to ₹500 per statement cycle)
- Insurance Benefits: The card provides accidental air death cover worth ₹1 Crore, emergency overseas hospitalization cover up to ₹15 lakhs, and lost card liability cover up to ₹9 lakhs.
- Foreign Currency Markup: 2% markup is charged on all foreign currency transactions.
- UPI Rewards: Effective August 1, 2024, cardholders will earn 1.5% back as NeuCoins on eligible UPI transactions, with a maximum of 500 NeuCoins per calendar month.
- Contactless Payments: The card is enabled for contactless payments, allowing for fast and convenient transactions at retail outlets.
- Eligibility: For salaried individuals, the minimum monthly income requirement is ₹1,00,000, while self-employed applicants need to have an ITR of more than ₹12 lakh per annum.
Comparing Tata Neu Plus Vs Tata Neu Infinity Cards
The Tata Neu Plus and Tata Neu Infinity credit cards offer different levels of benefits and rewards. Tata Neu Infinity card offers higher rewards on Tata Neu and partner brand purchases, providing 10% back as NeuCoins compared to 5% for the Plus card.
It also offers more generous lounge access benefits, with 8 domestic lounge visits per year and 4 international lounge visits, while the Plus card only provides 4 domestic lounge visits. The Infinity card has a lower foreign currency markup of 2% compared to 3.5% for the Plus card, making it more suitable for international transactions. However, it comes with a higher joining/renewal fee and requires a higher minimum income to qualify.
| Feature |
Tata Neu Plus | Tata Neu Infinity |
|---|---|---|
| Joining/Renewal Fee | ₹499 + Taxes | ₹1,499 + Taxes |
| Welcome Benefit | 499 NeuCoins | 1,499 NeuCoins |
| Rewards on Tata Neu Brands | 5% back as NeuCoins | 10% back as NeuCoins |
| Rewards on other spends | 1% back as NeuCoins | 1.5% back as NeuCoins |
| Domestic Lounge Access | 4 per year (1 per quarter) | 8 per year (2 per quarter) |
| International Lounge Access | Not available | 4 per year (1 per quarter) |
| Fuel Surcharge Waiver | 1% (max ₹250 per statement cycle) | 1% (max ₹500 per statement cycle) |
| Foreign Currency Markup | 3.5% | 2% |
| Annual Fee Waiver Spend Requirement | ₹1,00,000 | ₹3,00,000 |
| Minimum Income Requirement (Salaried) | ₹25,000 per month | ₹1,00,000 per month |
| Minimum Income Requirement (Self-employed) | ITR > ₹6 lakhs per annum | ITR > ₹12 lakhs per annum |
| Annual Benefits | 52,500 on Monthly spends 35,699 | 1,21,779 on Monthly spends 1,10,000 |
Maximize Savings with Tata NeuCards
Tata Neu HDFC Bank Credit Card offers significant savings potential across various spending categories, with rewards in the form of NeuCoins. With a total monthly spend of ₹52,500, Tata Neu Plus cardholders can potentially save up to ₹35,699 annually, including welcome benefits and airport lounge access value. This represents a savings potential of approximately 5.7% on annual expenditures.
With a total monthly spend of ₹1,10,000, Tata Neu Infinity cardholders can potentially save up to ₹1,21,799 annually, including welcome benefits and airport lounge access value. This represents a savings potential of approximately 9.2% on annual expenditures. Here's a breakdown of the potential annual benefits based on average monthly spending:
| Spend Category | Monthly Spend | Annual Benefit |
|---|---|---|
| Grocery (bigbasket) | 7,500 | 6,300 |
| Fashion & Accessories | 5,000 | 4,200 |
| Electronics (Croma) | 6,500 | 5,460 |
| Travel | 10,000 | 8,400 |
| Food & Healthcare | 3,500 | 2,940 |
| Jewellery (Tanishq) | 5,000 | 1,200 |
| Fitness & Entertainment | 2,500 | 600 |
| Bill Payments | 5,000 | 1,200 |
| Other Non-UPI Spends | 5,000 | 600 |
| Fuel Surcharge Waiver | 2,500 | 300 |
| Welcome Benefit | - | 499 |
| Complimentary lounge Access | - | 4,000 |
| Total | 52,500 | 35,699 |
| Spend Category | Monthly Spend | Annual Benefit |
|---|---|---|
| Grocery (bigbasket) | 15,000 | 18,000 |
| Fashion & Accessories | 10,000 | 12,000 |
| Electronics (Croma) | 16,000 | 19,200 |
| Travel | 25,000 | 30,000 |
| Food & Healthcare | 8,000 | 9,600 |
| Jewellery (Tanishq) | 10,000 | 6,000 |
| Fitness & Entertainment | 4,000 | 2,400 |
| Bill Payments | 8,000 | 4,800 |
| Other Non-UPI Spends | 10,000 | 1,800 |
| Fuel Surcharge Waiver | 4,000 | 480 |
| Welcome Benefit | - | 1,499 |
| Complimentary lounge Access | - | 16,000 |
| Total | 1,10,000 | 1,21,799 |
Who Eligible for the NeuCard?
The applicant must be a Salaried Professional, Self-Employed Professional, or Self-Employed Business Person. Existing HDFC Bank Credit Card holders can also apply for this Card. The Credit limit of the existing HDFC Bank Credit Card will be shared with the Tata Neu HDFC Bank Credit Card.
| Tata Neu Plus HDFC Bank Credit Card | |
|---|---|
| For Salaried Individuals | Self-Employed Individuals |
|
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| Tata Neu Infinity HDFC Bank Credit Card | |
| For Salaried Individuals | For Self-Employed Individuals |
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These eligibility criteria ensure that applicants have a stable income and meet the age requirements set by the bank.
How To apply for Tata Neu HDFC Bank Credit Card Online?
- Visit the official HDFC Bank website and navigate to the Credit Card section.
- Select the Tata Neu Credit Card variant you wish to apply for (Plus or Infinity).
- Click on the "Apply Now" button.
- Fill in your basic details, including your name, mobile number, and date of birth.
- Provide your employment type (salaried or self-employed) and income details.
- Enter your PAN card number and email address.
- Authorize the application using Net Banking or your Debit Card.
- Submit the application for review..
HDFC Bank will then internally review your application. Upon successful approval, they will issue your new Tata Neu Credit Card and deliver it to your registered address. Alternatively, you can also apply through the Tata Neu app or visit your nearest HDFC Bank branch to submit a physical application form. Remember that eligibility criteria, such as minimum income requirements, vary between the Plus and Infinity card variants.
NeuCards Fees & Charges Overview
The Tata Neu HDFC Bank Credit Cards come with various fees and charges that cardholders should be aware of. Here's a summary of the key fees and charges for both the Tata Neu Plus and Tata Neu Infinity cards.
| Fee/Charge | Tata Neu Plus | Tata Neu Infinity |
|---|---|---|
| Joining/Annual Fee | ₹499 + Taxes | ₹1,499 + Taxes |
| Interest Rate | 3.49% per month (41.88% p.a.) | 3.49% per month (41.88% p.a.) |
| Cash Advance | Fee 2.5% of amount withdrawn (min ₹500) | 2.5% of amount withdrawn (min ₹500) |
| Late Payment Fee | ₹100 to ₹1,000 based on total amount due | ₹100 to ₹1,000 based on total amount due |
| Over Limit Fee | 2.5% of over limit amount (min ₹500) | 2.5% of over limit amount (min ₹500) |
| Foreign Currency Markup | 3.5% | 2% |
Both cards offer an annual fee waiver based on spending thresholds - ₹1,00,000 for the Plus card and ₹3,00,000 for the Infinity card. The interest-free credit period can extend up to 50 days, depending on the date of the transaction and the statement date. It's important to note that these fees and charges are subject to change and may vary based on individual cardholder profiles and usage patterns.
What is Tata NeuCoins?
NeuCoins are the universal reward currency used across the Tata Neu ecosystem and its partner brands. NeuCoins function as a loyalty program that rewards customers for their transactions within the Tata ecosystem.
They can be earned through various activities such as shopping on the Tata Neu app or website, making purchases at partner brand stores, or booking hotels and flights through Tata Neu. The rewards program is designed to be versatile, allowing users to both earn and redeem NeuCoins across multiple categories.
For example, customers can earn NeuCoins by purchasing electronics from Croma, ordering groceries from BigBasket, or booking a stay at a Taj hotel. These earned NeuCoins can then be redeemed for future purchases across any of the participating Tata brands. This cross-brand functionality makes NeuCoins a flexible and valuable reward currency within the Tata ecosystem.
The earn rate for NeuCoins varies depending on the type of purchase and the customer's membership status. NeuPass members, for instance, are entitled to a minimum of 5% NeuCoins on their purchases through Tata Neu. Some Tata Neu credit cards offer even higher earn rates, with up to 10% back as NeuCoins on non-EMI spends with Tata Neu and partner brands.
It's important to note that while NeuCoins have a validity period of 365 days, this can be extended. Every time a customer earns or uses NeuCoins, the validity of their entire NeuCoin balance is extended by another 365 days.
This feature encourages regular engagement with the Tata Neu ecosystem while providing flexibility for customers to accumulate and use their rewards over time. Overall, NeuCoins serve as a central component of Tata Neu's strategy to create a unified and rewarding experience across its diverse range of products and services.
Final Verdict
The Tata Neu HDFC Bank Credit Card is best suited for frequent shoppers of Tata brands and those who want to maximize rewards within the Tata ecosystem. The card is particularly advantageous for those who regularly shop at Tata-affiliated stores like Croma, Westside, and BigBasket, as well as those who frequently book travel through Tata platforms.
High spenders can benefit from the Tata Neu Infinity variant, which offers enhanced rewards and lounge access benefits. The card's ability to earn NeuCoins on everyday expenses like groceries, electronics, and bill payments makes it attractive for a wide range of consumers looking to maximize their rewards on regular spending.
Overall, for those deeply integrated into the Tata ecosystem, this card can provide significant value, but its appeal is more limited for general consumers.
Tata Neu Card Review
- Rewards and Benefits5.0
- Fees & Interest Rates4.5
- Eligibility & Requirementsts5.0
- User Experience5.0
- Overall Rating & Recommendation5.0
