HDFC Classic Customer

[vivek.krishnan]

AFAIK, credit card TnC clearly says that you need to spend 85K yearly to not pay annual fees. I dont know of any extra special benefits.

 

[hotshot05]

Spend 4500 in first 1 month and annual fee is completely waived off

Can you provide a link to their website which mentions this?
Have not seen anything like this yet. I got a lifetime free credit card since I have a salary account with them. Otherwise will have to spend upwards of 80k per year to get the annual fee waived off.

 

[vyral_143]

Can you provide a link to their website which mentions this?
Have not seen anything like this yet. I got a lifetime free credit card since I have a salary account with them. Otherwise will have to spend upwards of 80k per year to get the annual fee waived off.

I do not have link for this. This was said to me when I bought this one by the executive. Mine is Insta-CC against lien of FD of a lakh INR.

 

[avi]

You can instead put it in a liquid fund, get about 8-9% per year, NO TAX until you withdraw this amount.
So say first year you get 9%, for the second year, the entire Rs.5.45L will be compounded without tax taken out.

actually I don't understand liquid funds, so I really don't know. will google up and try to find some info, read and then decide. hope they are zero risk as FDs[DOUBLEPOST=1399221177][/DOUBLEPOST]

Can you provide a link to their website which mentions this?
Have not seen anything like this yet. I got a lifetime free credit card since I have a salary account with them. Otherwise will have to spend upwards of 80k per year to get the annual fee waived off.

its applicable with HDFC also. If you spend certain amount for a year, you will be not charged. let me know if you need more details.

 

[hotshot05]

its applicable with HDFC also. If you spend certain amount for a year, you will be not charged. let me know if you need more details.

The one I wanted to know was the "Spend Rs.4500 for the first month and annual fee waived off" offer mentioned by Vyral.
The offer that I know of, one has to spend upwards of over 80k INR to get the annual fee waived off.