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HDFC Freedom

Annual Fee

₹500

Rewards/₹100

₹0.33

Normalized to balance base rate with bonus categories

Interest Rate

41.40%

Credit Score

700+

At a Glance

Key Benefits

Reward points

Lounge Access

No lounge access

Eligibility

Any income level, CIBIL: 700+

Quick Details

Annual Fee
₹500 #113
Joining Fee
₹500 #112
Interest Rate
41.40% p.a. #82
Forex Markup
3.50% #75
Rewards/₹100
₹0.33 #270
Reward Type Reward Points
Reward Currency Points
Min Credit Score
700+ #54
Min Monthly Income ₹NaN
Network VISA
Late Payment Fee 15.00% (min ₹100)
Over Limit Fee ₹600
Cash Advance Fee 2.50% (min ₹500)
Fee Waiver on Spend ₹50,000/yr

Reward Structure

Base

All Spends

₹0.33 /₹100

Reward Calculator

Allocate by Category 100%
Other Spends
1.3 pts
100% ₹0
Your Rewards
Points Earned 0
Cash Value ₹0
Breakdown
Quick amounts:

Milestone Benefits

Renewal Benefit

Annual fee waiver on Rs. 50000 annual spend

Spend ₹50,000 within 365 days

₹500

value

Insurance Coverage

Lost Card

₹0

Zero liability for lost card transactions.

Lost Card

₹0

Zero liability for lost card transactions when reported within 3 days of loss/theft.

Lost Card

₹0

Zero liability for lost card transactions when reported within 3 days.

Lost Card

₹0

Zero liability.

Lost Card

₹0

Zero liability for lost card transactions when reported within 3 days of loss/theft.

Lost Card

₹0

Zero liability for lost card transactions when reported within 3 days.

Lost Card

₹0

Zero liability for lost card transactions when reported within 3 days.

Lost Card

₹0

Zero liability.

Lost Card

₹0

Zero liability.

Lost Card

₹0

Zero liability.

Lost Card

₹0

Zero liability.

Lost Card

₹0

Zero liability for lost card transactions when reported within 3 days of loss/theft.

Fraud

₹0

Zero liability for unauthorized transactions when reported immediately to the bank.

Fraud

₹0

Zero liability for unauthorized transactions.

Fraud

₹0

Zero liability.

Fraud

₹0

Zero liability for unauthorized transactions.

Fraud

₹0

Zero liability for unauthorized transactions when reported immediately to the bank.

Fraud

₹0

Zero liability for unauthorized transactions.

Fraud

₹0

Zero liability for unauthorized transactions.

Fraud

₹0

Zero liability.

Fraud

₹0

Zero liability.

Fraud

₹0

Zero liability.

Fraud

₹0

Zero liability.

Fraud

₹0

Zero liability for unauthorized transactions when reported immediately to the bank.

Quick Analysis

Basic entry-level card for those building credit.

Pros

  • Low annual fee, easy approval

Cons

  • Very basic rewards, no premium benefits

Best For

Entry-level card, low fee, basic rewards

Not Ideal For

Very limited benefits

Frequently Asked Questions

What is the annual fee for HDFC Freedom?
The annual fee is Rs. 500. The fee can be waived on spending Rs. 50000 annually.
What are the eligibility requirements for HDFC Freedom?
A good credit score of 700+ is recommended. Income requirements vary based on your relationship with the bank.
Does HDFC Freedom offer lounge access?
This card does not include complimentary lounge access as a primary benefit.
What rewards does HDFC Freedom offer?
The card offers reward value ranging from 0.50% to 0.50% depending on spend categories.
What is the forex markup on international transactions?
The forex markup is 3.50% on international transactions.
Which payment network does HDFC Freedom use?
The card is issued on the Visa network.

User Reviews

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