HDFC Bank is offering a limited-time offer that gives 5X reward points on loading or reloading ForexPlus cards with specified credit cards. Here’s a summary of the offer and factors to consider before availing it:
What are HDFC Bank ForexPlus cards?
HDFC Bank offers various ForexPlus cards that allow you to carry foreign currency on your international trip. Two popular variants are:
- Multicurrency Platinum ForexPlus Chip Card: Can be loaded in 22 currencies with no forex fluctuations.
- Regalia ForexPlus Card: Has zero cross-currency conversion mark-up charges.
5X reward points on loading ForexPlus cards with specified credit cards
The offer is applicable for HDFC Bank customers who load or reload their ForexPlus cards with one of the following credit cards:
- HDFC Bank Regalia First
- HDFC Bank Regalia
- HDFC Bank Regalia Activ
- HDFC Bank Regalia Gold
- HDFC Bank Diners Privilege
- HDFC Bank Diners Black
- HDFC Bank Diners Black Metal
- HDFC Bank Infinia
- HDFC Bank Infinia Metal
How to earn 5X reward points?
The maximum reward points a customer can earn is 15,000 per calendar month. The additional 4X reward points are capped at 15,000, with no capping on the 1X reward points. To be eligible, the minimum transaction value must be Rs. 15,000 or above.
Factors to consider
- Forex card issuance fee and reloading fee
- Forex mark-up charges and cross-currency conversion mark-up charges
- ATM cash withdrawal fee and daily cash withdrawal limits
- Balance enquiry fee, etc.
- The exchange rates offered at the time of card loading or reloading may be higher, reducing the benefit of 0% forex charges.
Should you take the offer?
If you have an upcoming international trip and one of the specified credit cards, consider taking the offer. However, weigh the fees against the reward rate to determine if it’s a good deal for you. If not, consider other options, such as debit and credit cards with 0% cross-currency mark-up.