| HDFC bank has been a leader when it comes to | | | | to churn profits. HDFC gold credit card specially fared |
| private sector banking identities. The bank which is | | | | better than all its competitors. The card, even in the |
| known for its undying dedication towards its | | | | time when maintaining liquidity levels for banks was |
| clientèle is also hailed for offering range of banking | | | | proving to be a tough ask, provided customers 5 |
| facilities. Operating with state-of-art-banking | | | | percent cash back on booking of air-tickets. The card |
| techniques, the bank has been fantastic whenever it | | | | also proved to be a 'blessing in disguise' for people |
| comes down to rendering banking solutions in the | | | | who had expensive hotel bills to their name and was |
| most convenient and affordable fashion. | | | | provided with discounts on total expense. The 5 |
| Like all its services, the bank also has a magnificent | | | | percent cash back scheme was also applicable on the |
| credit cards portfolio. Credit card, as many of the | | | | train ticketing. |
| people might know, is a sort of pecuniary instrument | | | | With its worldwide acceptableness trait, carrying this |
| that serves people by offering credit at the time | | | | card to any part of the world is always useful. In |
| when they need the most. Also known as 'plastic | | | | addition to it, the user of this HDFC gold credit card |
| money', credit cards rose to fame in early 2000s | | | | also becomes suitable for exceptional offers from |
| when it was known as a financial instrument intended | | | | HDFC bank. There is also a rewards point redemption |
| exclusively for business class people and for those | | | | scheme on this card. Beside it the card-owner also |
| who are from rich and well-to-do family class. | | | | get a chance to get prizes through this scheme. |
| However exactly speaking the idea of credit cards | | | | What more the user gets an additional exactly-same |
| were conceptualized to cater to the business needs | | | | add-on card just in case if he/she misplaces it. |
| of enterprises and sole-proprietors. | | | | Meanwhile there is one more credit card product that |
| But as competition grew, numerous changes saw | | | | has been doing great business for the bank. It is the |
| credit cards becoming suitable for upper middle class | | | | HDFC silver credit card. This card is a useful weapon |
| and sections other than that. However, with | | | | that can provide for all kinds of expenses for its |
| emergence of debit cards, the somewhat popularity | | | | users. Its excellent 'earn while you spend' scheme lets |
| levels start dropping and soon they went out of | | | | user become entitled gifts and other prizes at the |
| trend and got confined back to the same class for | | | | same time when he or she uses it. |
| which they were meant for. Later when liquidity crisis | | | | However if the card-user has a habit of suffering |
| surfaced, scenario became worse from bad for credit | | | | from 'getting lost' woes then the HDFC silver credit |
| card issuance authorities. Almost every credit card | | | | card comes with 3 more extra cards which help him |
| provider be it Axis Bank, ICICI or any other country | | | | in battling with such situations. Even if the card-user |
| bank, they all took thrashing at the hands of the | | | | misplaces it, he holds zero financial obligations for the |
| crisis, leading to a complete whitewash of it. | | | | card. Last but not least, the card's global acceptance |
| However even when crisis was going great guns, it | | | | feature makes it a worthwhile item to carry |
| was only HDFC credit cards segment that continued | | | | whenever the card-owner pay visits abroad. |