HDFC Bank pre-approved credit cards: Eligibility, benefits, and application process | Mint

Flexibility in finance is important to cope with the pace of life today. Credit cards are necessary to manage expenditure, accumulate rewards, and to build credit history. Of course, with so many choices to choose from, the difficulty will come while deciding which one is the most suitable. In this situation, HDFC Bank provides handy pre-approved credit cards to streamline and customize a mode for procuring credit.

What are pre-approved credit cards?

Pre-approved credit cards are those offers that the banks or credit card companies provide, and these offers depend on your current financial relationship with the issuer; you don’t have to apply for it actively. For instance, HDFC Bank may use your credit score and other financial information to decide how creditworthy you are and then offer you a card matching your profile.

Key points to remember

1. Implication for the credit score: If the pre-approved card application you filed turns out to be negative, it will badly hurt your credit score.
2. Terms and conditions: You need to go through all terms as sometimes such cards marketed as “interest-free” or “lifetime-free” do carry limitations.
3. Validity period: Generally, such deals are for a particular time frame. Try to submit the form on time.
4. False “free” offers: Although a “lifetime-free” card may not charge an annual fee, that doesn’t mean you won’t pay extra fees when you use it.

How to get an HDFC Bank pre-approved credit card?

Getting HDFC pre-approved credit cards can be easily done if one’s requirements match and the offer aligns with one’s budget.

1. Go to HDFC Bank website to see which pre-approved options match your profile benefits, features, conditions, such as interest rates and annual fees associated with the card.
2. Apply for it online within the validity of the offer made.

Should you choose a pre-approved credit card?

Before choosing, keep in mind these factors:

In conclusion, HDFC Bank pre-approved credit cards offer an easy and personalized way of getting credit. Keep your credit history clean, handle your HDFC Bank accounts sensibly, and keep track of the bank announcements to increase the chances of getting these deals. 

By doing so, you can control your spending and reap all the benefits that these personalized financial tools can offer. But you need to remember that credit cards have higher interest rates and can lead to a higher debt burden, if not used responsibly.

(Note: Using a credit card carries its own sets of risks)