HDFC Distributor Credit Card Review

The HDFC Distributor Credit Card is a specially designed hdfc corporate card dedicated to improving the cash flow between the distributors and the manufacturers. Distributors play a major role in maintaining a company’s exposure in the market, and this card can give those distributors easy access to cash. Now let’s discuss these hdfc credit card features and charges in detail. 

Eligibility Criteria:

This card is meant for corporate usage only, and you can only get this card on behalf of your company. 

  • Resident Type: Indian.
  • The annual turnover of the company should be greater than Rs. 10 crores. 
  • The company must be treading for at least 2 years. 
  • A long relationship with the bank will help you to get this card. 
  • An excellent credit score (above 780) is needed to apply for this card. 

You can apply for this HDFC credit card from the hdfc credit card online application portal. And once your credit card application is submitted, you can track your hdfc credit card application status by application number from the HDFC credit card status tracking page

Required Documents:

  • Photocopy of Address proof (any 1)
    • Last 6 months bank account Statement
    • Aadhar Card
    • Driving License
    • Passport
    • Utility bills
  • Photocopy of ID Proof (any 1)
    • Aadhar card
    • Voter Card
    • Passport
    • PAN Card
  • Two recent passport-sized photographs
  • Proof of income statement:
    • Salaried Person (any 1)
      • Salary Slip of last 3 months
      • ITR (Income Tax Return)
    • Self-employed person
      • Income tax return of the last year
      • Proof of business

All new credit cards are delivered in an inactive state, and you need to activate them manually by generating a hdfc credit card 3d secure PIN. You can find more about the online hdfc credit card pin generation process from the 100xGain FAQ page

Fee:

  • Joining Fee: None. 
  • Annual Fee: This will be communicated at the time of application. 

Benefits:

  • Improves cash flow between the distributors and the company:

Credit cards are a fast and more convenient payment method than cheques or bank transfers. So if this card is issued to a distribution network, then the cash flow within the distribution network will significantly improve. 

  • A convenient payment mode for the distributors:

This card will help the distributors to keep track of their transactions with the company, more conveniently. They won’t need to invest their time in paperwork. Instead, they can use that extra time to work on the betterment of the company. 

As per the new HDFC credit card rule, the hdfc international credit card transactions on new HDFC credit cards are turned off. And in order to use your card internationally, you have to turn it on manually from your net banking account. Click here to go to the hdfc credit card net banking login page.

  • Benefits for the company:

This card is equally beneficial for the company too. It effectively reduces the receivable period and also ramps up the average turnaround period of transactions. 

  • Easy bill payment:

HDFC bank has a very easy online bill payment system, you can make your hdfc credit card payment online through credit card net banking account, PayZapp, or by using any credit card payment app. But if you don’t like the hdfc credit card online payment method, then you can make your hdfc credit card payment via cheque, NEFT, ATM, or from your nearby HDFC Branch. The offline hdfc bank credit card bill payment options are discussed on the 100xGain HDFC FAQ page

  • Contactless payment option:

Using the contactless payment option, you can make credit card payments with just a wave at any secure reader machine.  

For security reasons, the contactless payment method is limited to Rs. 5000 per transaction. You can also set your desired contactless credit card transaction limit from your netbanking hdfc bank credit card account. 

HDFC Bank Credit Card Charges:

Particulars  Payable amount
Cash Withdrawal Charge Not applicable.
Finance Charges 2.95% monthly. applicable if the outstanding balance is not cleared within the hdfc bank credit card payment due date .
Foreign currency conversion charge 3.5% against the transaction amount.

HDFC Credit Card Settlement Customer Service Contact Details:

  • Call the hdfc credit card call center number: 1800-266-4332 (Toll-free) or 022-6160-6161
  • Write to the hdfc bank credit card grievance email id: [email protected] 

100xGain Ratings: 

6/10

Final Opinion:

If you want to improve the cash flow within your distributor’s network, then this card will be a solid choice for you. With the helpful hdfc credit card features, it can contribute to the betterment of your company. 

But if you are looking for benefits like rewards, cash-backs, lounge accesses, etc. then you will be disappointed with this card. In this case, you should take a look at the 100xGain top 10 business credit card page.  

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