HDFC Bank launched the Summer Treats Offer today wherein they are providing a wide range of offers across Credit Cards, Debit Cards, EMIs, Loans and Payzapp wallet. This offer is very similar to Festive Treats Offer which they ran last year. There are numerous offers available across multiple merchants, both online and offline, to attract the customers as lock down is easing out. Let’s look into some of the prominent offers in detail.
- Cashback and Bonus Reward Points
- Welcome Offer on Credit Cards
- Mobiles
- Laptop & Tablets
- Household Durables
- Payzapp
- Other Deals
- Bottomline
Cashback and Bonus Reward Points
Under this offer, HDFC Bank Debit Card holders can enjoy cashback on Supermarket & Groceries spends, both online and offline. On the other hand HDFC Credit Card holders can enjoy 50% bonus reward points on online spends. Finally Payzapp users can enjoy 5% cashback upto Rs. 200 per month for bill payment.
| Product | Offer |
|---|---|
| Credit Card | Earn 50% additional reward points upto 200 per customer for each online transaction greater than Rs. 1,000 during the offer period |
| Debit Card | Get 1% cashback upto Rs. 100 per customer on transactions > Rs. 2,000 across supermarket, grocery and departmental stores during the offer period. |
| Payzapp | Get 5% cashback upto Rs. 200 per month per customer on registered mobile number on bill payments > Rs. 200 during the offer period. |
- Period: 21 May 2020 to 30 June 2020
- T&C: Website
Though the offer is decent, the low limit on bonus reward points and cashback kills the joy.
Welcome Offer on Credit Cards
HDFC Bank is giving vouchers on setting up a new credit card and meeting the spend criteria. Refer table below for details:
| Card Type | 7 days | 15 days | Month 1 | Month 2 | Month 3 | |
| Super Premium Cards | Regalia | Do 1 Online transaction Get Rs.100 |
Do 2 transactions Get Rs.200 |
Do 4 transactions Get Rs.700 |
Spend Rs.40,000 Get Rs.1000 |
Spend Rs.40,000 Get Rs.1000 |
| Business Regalia | ||||||
| Diners Privilege | ||||||
| Indigo 6E XL | ||||||
| Premium Cards | Indigo 6E R | Do 1 Online transaction Get Rs.100 |
Do 2 transactions Get Rs.200 |
Do 4 transactions Get Rs.300 |
Spend Rs.25,000 Get Rs.700 |
Spend Rs.25,000 Get Rs.700 |
| Millennia | ||||||
| Times Platinum | ||||||
| Best Price Save Max | ||||||
| Business MoneyBack | ||||||
| Classic Cards | EasyEMI | Do 1 Online transaction Get Rs.100 |
Do 2 transactions Get Rs.200 |
Do 4 transactions Get Rs.200 |
Spend Rs.15,000 Get Rs.500 |
Spend Rs.15,000 Get Rs.500 |
| MoneyBack | ||||||
| IndianOil | ||||||
| Times Titanium | ||||||
| Best Price Save Smart | ||||||
| CSC Small Bus MoneyBack | ||||||
| Voucher Options: | Hotstar, ZEE5, TIMESPRIME, SWIGGY, netmeds, BigBasket | |||||
- Period: 15 May 2020 to 30 September 2020
- T&C: Website
Though the offer seems decent, the only worrying bit is that it’s a contest and only few winners selected by HDFC Bank will get the vouchers. This kills the joy for most as you never if you are getting selected or not.
Mobiles
HDFC Bank is providing instant discount for online offers and cashback for offline purchases of mobile phones. Below table summarizes the offer on various mobile phones:
| Mobile | Offer |
|---|---|
| Apple iPhone SE |
|
| Mi 10 |
|
| Samsung S20 / S20+ | Rs. 6,000 cashback on Credit Card and Debit Card EMI transactions |
| Redmi K20 |
|
| Redmi Note 8 Pro |
|
Seems to be a decent offer and deal can be further sweetened using SmartBuy 10X program.
Laptop & Tablets
HDFC Bank is providing an attractive discount on Macbooks and iPads. Refer table below for details:
| Product | Discount on Credit Card / Debit Card EMI | Discount on Debit Card |
|---|---|---|
| Macbook Air | Rs. 6,000 | Rs. 1,500 |
| Macbook Pro | Rs. 7,000 | Rs. 1,500 |
| iPad | Rs. 5,000 | Rs. 1,500 |
- Valid Till: 30 June 2020
- T&C: Website
This is a nice offer on Apple devices and apart from discount, you can also get accelerated reward points using SmartBuy 10X program on Amazon / Flipkart.
Household Durables
HDFC Bank is also providing attractive discounts on household durables as tabulated below:
| Product | Brand | Offer |
|---|---|---|
| Refrigerator | LG, Samsung, Voltas | 17.5% cashback |
| Washing Machine | LG, Samsung, Voltas | 17.5% cashback |
| Dishwasher | LG, Voltas | 12.5% cashback |
This seems to be a lucrative offer, however note that this discount is generally applicable on MRP and you may get a better deal by haggling with the shopkeeper. You may also get a better deal online on Amazon / Flipkart during special sale days. So compare all options before taking the plunge.
Payzapp
HDFC Bank is also providing some exclusive offers on Payzapp wallet. Some of them are mentioned below:
- 3X reward points on Flipkart on using HDFC Credit Card via Payzapp, 1% cashback on paying via Payzapp card
- Cashback on food delivery merchants
- Dominos Pizza: 15%
- Freshmenu: 15%
- Zomato: 10% on groceries
- Swiggy: 15%
The Flipkart offer looks interesting, however I couldn’t find the exact terms and conditions to know the maximum cap on bonus reward points.
Other Deals
Apart from above offers, HDFC Bank has also announced many other deals in different categories of merchants like Health & Wellness, Online Education, Online streaming, Jewelry & Apparels etc. Some of the prominent offers are listed below:
- Croma: Rs. 2,000 cashback
- TataCLIQ: Rs. 2000 discount of on purchases of Rs. 25,x000 on HDFC Bank Credit Cards
- Spar: 7% cashback up to Rs. 350
- Grofers: 5% instant discount up to Rs. 250
- Zee5: 20% discount on Zee5 premium subscription
- Bluestone: 5% discount on Diamond jewelry purchase of Rs. 20,000 and above. Max. discount of Rs 2,000
Bottomline
The volume of transactions is increasing steadily as lock down is easing out gradually. HDFC Bank wants to encash this opportunity by rolling out offers on almost all segments to attract customers. This seems to be a good strategy to capture the major chunk of overall spends. However, to be frank, none of the offers impressed me and I found them just okayish. I hope HDFC will roll some better offers as part of the Summer Treats Offer in the coming days.
Source: HDFC sent these offers in an emailer containing a booklet. You can review the complete offer booklet here.
What do you think of the Summer Treats Offer from HDFC Bank? Which offers you are planning to utilize? Let me know in comments below.
