HDFC Visa Signature Credit Card Review

HDFC Visa Signature Credit Card is designed exclusively for people belonging to the elite section of the society. Designed for aristocrats the card offers luxury at every step. However, with this card luxury comes at a cost. The card has a Joining fee of Rs 11236 and Annual fee of Rs 3370 making it one of the most expensive cards on offer affordable only to a few.

As stated the card offers luxury at every step. For starters it has an extremely attractive Reward Points program giving the user an opportunity to earn up to four Reward points for every Rs 150 spent provided expenses are above Rs. 15,000 per statement cycle. Redemption of Reward points is an exciting affair due to number of options available for redemption.

The card is a complete All- Rounder offering benefits in all categories- shopping, dining or travel benefits. Priority Pass offers access to over 500 airport lounges around the world. However, Priority Pass which is usually complementary with other premium cards is at a cost of Rs 500 per annum with HDFC Visa Signature Credit Card.

Being a costly premium card it is expected to include most of the features a credit card could offer. However features like travel insurance, Concierge service for Premium customers is missing with HDFC Visa Signature Credit Card. Considering the competition and card’s extremely high cost, lack of these features could be a real setback in its success.

HDFC Visa Signature Credit Card can be compared to cards like HSBC Platinum Credit Card RBS Platinum Gateway Credit Card and Kotak Mahindra Royale Signature Credit Card. When compared to these cards HDFC Visa Signature Credit Card is similar with regards to benefits on offer and charges.

The interest rate offering is one of the important criterions with Premium cards due to volume of transactions. HDFC Visa Signature Credit Card has an interest rate of 3.05% p.m. which is lowest in comparison to other cards.