While opening an account in HDFC Bank or upgrading to a new debit card, everyone remains in a dilemma about which card will be more suitable for him.
To do away with this dilemma, today, we will review the EasyShop Platinum Debit Card coming from HDFC.
Who Is This Debit Card Best for?
Every debit card is made for people with a specific need. If you have made the wrong choice, you will not get the most mileage out of your debit card.
HDFC EasyShop Platinum Debit Card can be used by those who have to withdraw a lot of cash from an ATM. This card can prove to be very useful in filling petrol or diesel.
Debit cards are given to the customers with many benefits, but it largely depends on how they use them.
Pros & Cons
Pros
- Higher Debit card limit
- Attractive Cashback points
- Easy EMI Option
- Airport Lounge access
Cons
- Maximum Cashback capping
- Cashback points validity
- Limited Cashback Points Categories
Pros Explained
Higher Debit card limit: In this debit card, customers get a perfect transaction limit not available in regular cards. With the help of this card, you can withdraw cash up to one lakh rupees from an ATM and shop up to five lakh rupees daily.
Attractive Cashback points: You get decent cashback points in any transaction done through this card. You can redeem these cashback points through HDFC net banking.
Also Read: How To Redeem HDFC Debit Card Points?
Debit Card EMI: Generally, the EMI option is available on credit cards, but if you have HDFC EasyShop Platinum Debit Card, then you can easily avail of EMI.
Also Read: How To Activate HDFC Debit Card EMI?
Airport Lounge access: Not all debit cards have airport lounge access, but you can access two free domestic airport lounges per quarter if you have this card.
Cons Explained
Maximum Cashback capping: This card would have been of great value if no maximum cashback capping on this debit card.
Cashback points validity: The validity of the cashback points earned using this card is merely one year.
Limited Cashback Points Categories: Cashback points can be available only on certain limited categories in this debit card. Such as spent on Telecom, Utilities, Groceries & supermarkets, Restaurant & apparel, Entertainment only.
What is Eligibility For HDFC EasyShop Platinum Debit Card?
Suppose an Indian or NRI has a Savings Account, Current Account, SuperSaver Account, Loan Against Shares Account (LAS), and Salary Account in HDFC bank. In that case, you will be eligible for HDFC EasyShop Platinum Debit Card.
But if you are already using any other HDFC debit card, you can easily upgrade to HDFC EasyShop Platinum Debit Card.
If you have opened your account in HDFC Bank between 1st July and 30th September, then you must have got this card.
Also Read: How To Upgrade HDFC Debit Card?
Features And Benefits
Each card has its own unique identity with lots of great features and benefits. So let us understand what the features and benefits of the HDFC EasyShop Platinum Debit Card are?
Welcome Benefits
First, you will get a SmartBuy Voucher of ₹250, which can be used on SmartBuy’s website.
And if you do the first transaction above ₹200 on PayZapp, you will get a flat ₹50 cashback.
Activation Benefits
You will get 100 bonus cashback points if you do a transaction of more than Rs. 500 within 30 days after the debit card is activated for online use.
Milestone Benefits
If you spend more than 30000 in the first three months, then you will get a voucher worth Rs 1000 as a reward.
Cashback Benefits
You can earn cashback points using this debit card.
- One cashback point for every rupee spent on telecom and utilities
- One cashback point for every ₹200 spent on Groceries & supermarkets, Restaurant & apparel, Entertainment
Note:- You can get a maximum cashback of up to Rs 750 on one card in a month.
The validity of these cashback points will be 12 months, after which these cashback points will be left out. Also, all promotional cashback points will have a validity of 3 months.
Extra Cashback Offers
If you register for automatic bill payment using this debit card, you will get 5% cashback for the next 12 months.
Note:- Under this offer, you can get a maximum cashback of up to Rs 1800 in a year.
Additional 5% cashback will be available on transactions done using PayZapp and SmartBuy.
Zero Liability
If for any reason, you lose your Debit Card and you inform the bank within 30 days, you will not be responsible for any Point of Sale transactions made with your Debit Card.
Note:- You will be able to take advantage of this facility only if you have given the information about the loss of the debit card to the bank within 30 days.
Airport Lounge Access
There are many debit cards with which free airport lounge access is not available, but this is not the case with HDFC Bank debit cards.
Using this debit card, you can enjoy two free airport lounges per quarter.
Note:- Airport lounge access will be available at the domestic airport only.
Debit Card EMI
EMI is mainly a part of credit or EMI cards, but many banks offer EMI facilities on the debit card.
In this HDFC debit card, you get the facility of EMI, on which an interest of 16% is charged.
HDFC Bank also offers the option of No Cost EMI during the sale, with the help of which you can buy anything on EMI without any interest.
Insurance Cover
In this debit card, the customer gets the facility of multiple insurance covers in which the customer or his family can be helped during any unfortunate event.
- Death Cover by Air/Rail/Road – Insured upto Rs 12,00,000.
- International Air Coverage of flat Rs.3 Crore on purchase of air ticket using your Debit Card.
- Fire & Burglary Insurance on any item purchased with this Debit Card within six months – Rs 2,00,000
- Loss of checked-in baggage – Rs 2,00,000
Fee and Charges
Annual Fees
The cardholder will have to pay ₹150 + tax as the annual fee.
I have used this card for more than one year, and accordingly, I have found this annual fee quite reasonable.
Replacement/Reissuance Charges
If this debit card is lost or damaged due to any reason, then ₹ 200 + tax will have to be paid for getting a new card.
ATM Transaction Charges
If you have a savings or current account, you can do five free transactions from HDFC Bank ATMs, three free transactions from non-HDFC Bank ATMs in metro cities, and five free transactions in non-metro cities.
If you have other variants of the HDFC account, you can do unlimited transactions at HDFC Bank ATMs without any charges.
And in the ATM of any other bank, you will have to pay the exact charges as the savings and current account.
Note:- HDFC Bank has made all non-financial transactions (balance enquiry, mini statement, and pin change) free from 1st September 2019.
Transactions done at International ATMs will have to be charged separately. ike
- Balance Enquiry – Rs. 15-25 + tax
- Cash Withdrawal – Rs. 110-125 + tax + 3.5% Foreign Currency Markup Fees
If you generate a new PIN for your debit card from an ATM, HDFC Bank will charge you Rs. 50 + Tax.
Daily Transaction Limits
There is a good transaction limit in HDFC EasyShop Platinum Debit Card, whether you want to withdraw money from an ATM or go shopping.
You can increase or decrease this limit as per your need through net banking or mobile banking.
Daily Cash Withdrawal Limit
With the help of HDFC EasyShop Platinum Debit card, you can withdraw cash up to Rs. 1, Lakh from an ATM in a day. Make sure not to withdraw more than Rs. 25,000 at a time from an ATM.
You can also withdraw cash from merchant establishments using HDFC Debit Card with a maximum limit of Rs 1000 per day.
Daily Shopping Limit
HDFC EasyShop Platinum Debit Card will make your shopping experience even better because now you will not have to use different debit cards for shopping for more than one lakh.
If you shop up to five lakhs, then through this card, you can pay up to five lakhs directly in one go.
Daily Swipe Limit
Through HDFC EasyShop Platinum Debit Card, transactions of up to Rs. 5 lakh can be done through Swiping.
Final Verdict
HDFC Debit cards occupy an important place in the line of best debit cards in India. No matter how hard we try, we cannot choose a perfect debit card.
I am saying this because every debit card must have some flaws, like the foreign currency markup fee in this debit card is much higher than the free card.
But if we take a comprehensive approach, then this HDFC debit card can prove very beneficial for everyday life.
Frequently Asked Questions
Is HDFC EasyShop Debit Card International?
Yes, HDFC EasyShop Debit Card is an International debit card. It can be used for all international transactions, but you must enable international transactions through the branch or net banking.
Beware, a Foreign currency markup of 3.5% will be charged on all transactions done in foreign currency on this card.
Does HDFC EasyShop Platinum debit card has lounge access?
With this HDFC Debit Card, customers are also given a lounge access facility under which they can avail of complimentary lounge access twice a quarter.
