HDFC SmartBuy: Essentially the most rewarding platform for HDFC card customers

Whereas SmartBuy is widespread for rewards redemption, you may as well earn accelerated rewards right here to double up your financial savings. With some playing cards, principally premium ones like Infinia, Regalia, and so on, it’s possible you’ll earn direct accelerated rewards by making procuring and journey transactions on SmartBuy. However, some may require an extra effort to make a voucher buy by way of Gyftr, and earn rewards on the voucher.

Gyftr is an extension of the SmarBuy portal, you should purchase an immediate voucher as per your model preferences, and earn accelerated rewards.

Direct Accelerated Rewards: Should you personal any of the playing cards listed under, you may immediately store or make journey bookings by way of the cardboard and earn as much as 10X factors for the transactions.

As an alternative of basic purchases, making purchases on SmartBuy may help you earn most rewards. For example, let’s assume you utilize your HDFC Infinia Credit score Card for a journey reserving of Rs. 30,000, by way of an internet journey portal MakeMyTrip. Right here, as per the bottom reward construction provided on the cardboard, you’ll earn 5 reward factors on each Rs. 150 spent, thus, you’ll earn 1,000 factors right here. Nevertheless, using the identical card for journey reserving on SmartBuy could fetch you 10x reward factors, thus, 10,000 reward factors as per 50 factors on each Rs. 150 spent.

Accelerated Rewards by way of Voucher buy by way of Gyftr
If you don’t personal a card providing direct rewards on SmartBuy, you may nonetheless earn accelerated rewards in your HDFC card by way of Gyftr. Right here, you may entry a variety of immediate vouchers from prime manufacturers throughout electronics, magnificence, leisure, style, journey, eating, house and furnishings and so on. On buying a voucher you get an upfront low cost, basic reward as provided in your card, plus the bonus rewards provided on making a Gyftr buy. The bonus rewards provided can vary as much as 10x rewards. Nevertheless, not like generally, the reward factors are usually not credited to your card account, however are adjusted by providing you an immediate voucher at a reduced worth. For example, a voucher price Rs. 10,000 could price you Rs. 9,010, after relevant upfront low cost, and worth of basic and bonus reward factors.

For higher understanding, take into account the instance acknowledged under, as derived from an actual time provide on Gyftr for HDFC Regalia Credit score Card.

Right here notice that with HDFC Regalia you get 4 reward factors on each Rs. 150 spent, thus, for Rs. 9,650 (10,000 – upfront low cost of Rs. 350), you get 256 factors. Nevertheless, on this transaction, you additionally earn 1024 bonus reward factors by way of SmartBuy for buying a voucher at Gyftr. Thus, you clearly earn 4X reward factors right here, as 1024 bonus rewards on this class. In complete you earn 1280 rewards,  which can be collectively redeemed at a price of 1 reward level=Rs. 0.50 in providing you a decrease discounted worth.

Word: Rewards and redemption worth could fluctuate from card to card, and provide to supply.

HDFC Playing cards has an edge over different bank cards available in the market, as a result of its versatile and extremely useful rewards redemption course of. You get to redeem your amassed reward factors throughout a number of choices resembling model vouchers, airmiles, cashback, flight and lodge bookings and so on. If in case you have premium playing cards like Infinia, Regalia, Diners Membership Black or Privilege; together with the direct accelerated rewards you may as well entry distinctive redemption catalogs, resembling Eating catalog for Diners Membership Privilege or Gold Catalog for Regalia Gold.

You will get a excessive redemption worth as excessive as Rs. 1 for every reward level, however it might fluctuate from card to card, as listed within the desk under:

Worth of 1 HDFC Reward Level in opposition to Various Redemption Choices

Word: SmartBuy redemption shouldn’t be relevant on sure co-branded HDFC Bank cards like Intermiles HDFC Credit score Playing cards, Tata Neu HDFC Playing cards, Swiggy HDFC Credit score Playing cards, and HDFC IndiGo Credit score Playing cards.

Necessary Issues to Word:

• All playing cards are usually not eligible for incomes accelerated rewards on SmartBuy.
• Should you personal an HDFC cashback bank card, you might be provided cashback as ‘cashpoints’, which operate the identical as  reward factors.
• Reward redemption choices on HDFC co-branded playing cards are particular to the related manufacturers, and will differ from common SmartBuy choices.
• Product vouchers on Gyftr, could provide various worth for various HDFC bank cards. An identical voucher could earn you 4X rewards on one card, and 2X rewards on one other. 
• The suitable playing cards listing for a Gyftr voucher could fluctuate every now and then, and voucher to voucher. 
• Earlier than incomes or redeeming reward factors, you have to maintain a examine on the utmost rewards capping for a day or month, and minimal transaction worth requirement for incomes rewards.
• For journey bookings by way of SmartBuy, examine the utmost restrict on fee by way of rewards. Generally, it’s 70% of the reserving quantity, that means you may pay 70% by way of reward factors redemption, and relaxation to be paid by way of your bank card.

(i) Give attention to reward rely and most reward worth: Spend essentially the most on the accelerated class, and redeem the place you earn the utmost worth again. For example, when you personal a HDFC Millennia Credit score Card, make the most of the cardboard for max spends at related associate brands- Amazon, BookMyShow, Cult.match, Flipkart, Myntra, Sony LIV, Swiggy, Tata CLiQ, Uber and Zomato, to earn 5% cashback (provided as cashpoints.) Now when you spend Rs. 20,000 on these manufacturers collectively, it’s possible you’ll earn round 1,000 money factors in a month. These can give you an equal worth again at a ratio of 1:1, when redeemed in opposition to assertion steadiness.

(ii) Give attention to the spending class: Use your card to spend for classes that earn you the utmost worth again. For example, it’s higher to make use of your HDFC Infinia bank card for journey bookings, than some other card you personal, as a result of (i) you earn accelerated rewards (ii) you get a excessive redemption worth for direct journey bookings and flight conversion into air miles.

Let’s assume you spent Rs. 30,000 for direct journey bookings on SmartBuy. Right here you get 10,000 factors. Now when you redeem these 10,000 factors for airline conversion, you get a 1:1 profit. Assuming you change the airways to Membership Vistara loyalty factors, you may guide direct flight tickets from Mumbai to Bangalore by using particular factors , as follows:

• Financial system Class- 4,500 CV factors
• Premium Financial system- 7,000 CV factors
• Enterprise Class- 15,000 CV factors

Thereby, with 10,000 factors in your Infinia card, you may avail as much as 2 financial system class flight tickets, or 1 premium financial system ticket, or 1 Enterprise Class ticket (by paying the remaining steadiness).

The redemption worth of CV Factors is taken from Vistara Airways web site as of October 12, 2023. That is topic to vary on the airline’s discretion. Furthermore, we have now given the instance based mostly on Mumbai to Bengaluru one-way flights; the purpose requirment could fluctuate on selecting different locations or for connecting flights.

(iii) Avail as many bonus reward factors as attainable: Attempt placing most of your bills in your bank card to fulfill the milestone profit standards that might fetch you bonus reward factors. Some playing cards can also give you bonus factors by way of card activation, topic to spend based mostly situation, inside a sure variety of days.

(iv) Select the Proper Credit score Card: You’ll be able to solely derive the utmost worth again along with your bank card, whenever you earn rewards on most of  your spends. For that, you have to select a card that matches finest along with your spending patterns and preferences.

Let’s assume , you store lots at Marks & Spencers and Myntra, thus, selecting a card that may give you accelerated rewards right here, may help you earn the utmost rewards in your main spending class. Thus, HDFC Regalia Gold will be one of the best suited card right here. As per you wants and preferences, you may examine a number of playing cards, shortlist one of the best suited ones, and finally select the best card that matches all of your necessities associated to charge prices, complimentary options, rewards on accelerated class and so on.