Looking to make the most out of your HDFC Bank credit card while traveling or making international purchases? Introducing the HDFC Bank Global Value Program. This feature offers an additional 1% cashback on all your international spends, boosting the rewards on your foreign transactions. Discover how to activate this program, explore its benefits, and learn how to maximize your savings on international purchases.
What is HDFC Bank Global Value Program
- Deal Benefit – 1% Cashback on International Spends
- Upper Cap – Upto ₹1,000 per statement cycle
- Joining Fees – ₹199 + taxes
- Joining Benefit – 500 reward points
- Renewal Fees – ₹199 + taxes
- Renewal Benefit – Nil
For ₹199, you get good reward points & the cashback helps a lot with net returns on reward points.
Why should I activate Global Value Program?
With this program, using your Infinia or Diners Club Black card for all foreign currency transactions is advantageous.
- Normal Reward Rate: +3.3%
- Foreign Currency Markup: -2.36%
- GVP Cashback: +1%
- Net Return: ~2%
If your card reward returns are greater than Foreign currency markup fees & Cashback , this should be no brainer for you to activate it.
How to activate the program
- Call Customer Care
- Email Customer Care – customerservices.cards@hdfcbank.com
- SMS “GVPYES” to 5676712
The SMS method worked a few years ago; let us know in the comments if it still does! 😊
Note: This is a less-promoted feature of HDFC, so the process might not be very smooth.
FAQs (Frequently Asked Questions)
The HDFC Bank Global Value Program offers an additional 1% cashback on all international spends made using HDFC Bank credit cards.
Yes, the cashback is capped at ₹1,000 per statement cycle.
The joining fee is ₹199 + taxes, and the renewal fee is also ₹199 + taxes.
Upon joining, cardholders receive 500 reward points as a welcome benefit.
Conclusion
In conclusion, the program is a valuable feature for HDFC Bank credit cardholders, especially for those who frequently travel or make international purchases. By offering an additional 1% cashback on all international spends, this program enhances the rewards earned on foreign transactions. Activate it today to enjoy increased benefits and savings on your international spending with HDFC Bank credit cards.