HDFC Bank and India’s online marketplace Snapdeal have rolled out a new co-branded credit card, in collaboration with Visa.
Go deeper with GlobalData
The new card will offer INR500 ($7.8) cash back on spending INR5,000 ($78.2) across any category on Snapdeal, 10% cash back on recharges and bill payments on Freecharge, and 5% cash back on Ola Cabs.
It will further offer INR1,250 ($19.5) off on weekend getaways booked on Cleartrip App worth INR7,000 ($109.5) or more, INR1,000 ($15.6) cash back on spending INR5,000 ($78.2) or more in Cleartrip App for domestic hotel booking, as well as 2.5% fuel surcharge waiver.
Snapdeal will also reward customers for making digital payments through the card. Customers can apply for the new card online through the company website, mobile site or app, with eligibility and CIBIL checks to be carried out instantly for faster processing.
HDFC Bank business head of card payment product and merchant acquiring services Parag Rao said: "At HDFC Bank, enhancing customer convenience lies at the heart of all our new initiatives.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData"We are delighted to launch this new co-branded credit card with Snapdeal to cater to the changing needs and lifestyles of our customers, particularly in tier 2 and tier 3 cities.
"We are confident that it will be a valuable addition to our growing portfolio of products. Customers can now use this card to make all purchases, while availing of great value in the form of discounts, offers and rewards."
