HDFC Pixel Credit Card : Worth The Hype?
28 Oct 2024 6 mins Credit Cards
The HDFC Pixel Play Credit Card is one of the newest offerings from HDFC Bank, tailored for the digital generation. It is designed to provide cashback rewards on popular digital platforms and offers customizable benefits that fit your lifestyle. Let’s dive into the details of this credit card, focusing on its features, eligibility, benefits, and much more.
HDFC Pixel Play Credit Card Benefits
The HDFC Pixel Play Credit Card is packed with features that appeal to modern consumers, particularly those who spend on online shopping, dining, and entertainment platforms.
5% Cashback on Two Categories
You can select any two categories to earn 5% cashback. The categories include:
Dining & Entertainment: BookMyShow & Zomato
Travel: MakeMyTrip & Uber
Grocery: Blinkit & Reliance Smart Bazaar
Electronics: Croma & Reliance Digital
Fashion: Nykaa & Myntra
3% Cashback on E-Commerce:
Choose one e-commerce merchant from Amazon, Flipkart, or PayZapp to earn 3% cashback on your purchases.
1% Cashback on Other Transactions:
Earn 1% unlimited cashback on all other eligible expenses, including online and offline purchases.
Fuel Surcharge Waiver:
A 1% fuel surcharge waiver (up to ₹250 per statement cycle) on fuel transactions ranging from ₹400 to ₹5,000.
Customizable Rewards:
The card allows you to select the categories and merchants where you earn maximum cashback, providing greater flexibility.
Seamless Digital Experience:
The card is managed via the PayZapp app, enabling you to control card settings, EMI conversions, reward tracking, and payments in a fully digital environment.
Eligibility for HDFC Pixel Play Credit Card
The eligibility for the HDFC Pixel Play Credit Card is straightforward, with criteria that cater to both salaried and self-employed individuals.
Eligibility Criteria | Details |
Age (Salaried) | 21 to 60 years |
Age (Self-Employed) | 21 to 65 years |
Minimum Income (Salaried) | ₹25,000 per month |
Minimum Income (Self-Employed) | ₹6,00,000 annual income as per ITR |
Nationality | Indian |
HDFC Pixel Play Credit Card Fees and Charges
Understanding the fees and charges is crucial to managing your credit card effectively. Here’s a summary of the key costs associated with the HDFC Pixel Play Credit Card:
Fees and Charges | Details |
Joining Fee | ₹500 + GST (waived if ₹20,000 spent in the first 90 days) |
Annual/Renewal Fee | ₹500 + GST (waived if ₹1,00,000 spent annually) |
Interest Rate on Purchases | 3.60% per month (43.20% annually) |
Late Payment Fee | ₹100 - ₹1,300 depending on the outstanding balance |
Foreign Currency Markup | 3.5% of the transaction value |
Cash Advance Fee | 2.50% or ₹500, whichever is higher |
Reward Redemption with HDFC Pixel Play Credit Card
Rewards earned via the HDFC Pixel Play Credit Card are credited in the form of Pixel CashPoints. These points can be easily redeemed for vouchers via the PayZapp app. Let’s take a look at how the redemption works:
Pixel CashPoints: Accumulated for every eligible purchase.
Redemption Threshold: Once 1,000 Pixel CashPoints are accumulated, they can be redeemed.
Reward Validity: Pixel CashPoints are valid for 2 years from the date of accumulation.
Redemption Method: Redeem points in the PayZapp Wallet for purchasing brand vouchers.
How to Apply for HDFC Pixel Play Credit Card
Applying for the HDFC Pixel Play Credit Card is a simple, fully digital process:
Download the PayZapp App from the Play Store or App Store.
Open the app and click on the “Apply Now for Pixel Play” banner.
Complete the online application form and submit the required documents.
Receive the digital card instantly after approval.
Why Choose HDFC Pixel Play Credit Card?
The HDFC Pixel Play Credit Card stands out for its ease of use and customizable cashback categories, making it an excellent choice for those who frequently shop online. Here’s why you should consider this card:
Digital Convenience: Fully managed through the PayZapp app, this card is ideal for tech-savvy consumers.
Customizable Rewards: The ability to choose cashback categories ensures maximum value for your spending habits.
Affordability: Low joining and renewal fees, with a simple spend-based waiver system.
Fuel Surcharge Waiver: Ideal for those who drive frequently.
Pros and Cons of HDFC Pixel Play Credit Card
Pros | Cons |
5% cashback on popular categories like fashion, dining, etc. | No lounge access or travel-related benefits |
Customizable cashback categories | Cashback is redeemed in the form of vouchers (less flexible) |
Contactless and Tap-to-Pay enabled | No insurance or premium benefits |
Low joining and renewal fees with simple waiver conditions | Higher interest rates on unpaid balances |
Frequently Asked Questions (FAQs)
What are the benefits of HDFC Pixel Play Credit Card?
The card offers 5% cashback on selected categories like dining, entertainment, travel, grocery, electronics, and fashion. It also provides 3% cashback on e-commerce platforms like Amazon, Flipkart, and PayZapp.
How do I apply for the HDFC Pixel Play Credit Card?
You can apply for the card through the PayZapp app by selecting the “Apply Now for Pixel Play” option on the homepage.
What is the joining fee for the HDFC Pixel Play Credit Card?
The joining fee is ₹500 + GST, which can be waived if you spend ₹20,000 within the first 90 days of card issuance.
Can I customize my cashback categories with the HDFC Pixel Play Credit Card?
Yes, you can choose two categories from dining, travel, grocery, electronics, and fashion for earning 5% cashback.
What is the annual fee for the HDFC Pixel Play Credit Card?
The annual renewal fee is ₹500 + GST, which is waived if you spend ₹1,00,000 in the preceding year.
What are Pixel CashPoints?
Pixel CashPoints are reward points earned on eligible transactions. These points can be redeemed for vouchers via the PayZapp app.
What is the fuel surcharge waiver offered by the HDFC Pixel Play Credit Card?
A 1% waiver on fuel surcharges is offered on transactions between ₹400 to ₹5,000, up to ₹250 per statement cycle.
Does the HDFC Pixel Play Credit Card offer lounge access?
No, this card does not offer domestic or international lounge access.
Is there a fee for late payments?
Yes, the late payment fee ranges from ₹100 to ₹1,300 depending on the outstanding balance.
Can I convert purchases into EMIs with the HDFC Pixel Play Credit Card?
Yes, purchases can be converted into EMIs through the PayZapp app with flexible tenure options.
Conclusion
The HDFC Pixel Play Credit Card is a fantastic option for the digitally inclined, offering flexibility in rewards, low fees, and a seamless digital experience. While it may not cater to frequent travelers, it certainly appeals to shoppers and those who prioritize cashback. With its customizable features, it stands out as a unique offering in HDFC's credit card lineup.
For individuals looking to make the most out of their online and lifestyle spending, the HDFC Pixel Play Credit Card is a compelling choice.
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Author - Abhishek Sonawane
Abhishek Sonawane, an MBA graduate from the prestigious Indian Institute of Management Visakhapatnam (IIMV), brings over ten years of experience in the finance domain. His extensive background includes various roles in financial management and strategy, providing him with a comprehensive understanding of the financial landscape. Abhishek’s expertise and dedication to financial education make him an authoritative voice in personal finance, helping readers make informed financial decisions.