In this post, I will list down a few cool credit card hacks that I have come across. These hacks include ways to extend your reward points’ validity, ways to upgrade to a premium credit card, maximise reward points and specific TnC of some cards.
Kindly bookmark this post as I will keep on updating this page for new hacks as and when I come across them.
Cool credit card hacks
Card Hack #1: Extend reward points’ validity on HDFC credit cards
HDFC credit cards have reward points validity typically of 2 years (3 years for a few cards). In case your rewards points are nearing expiry and you don’t want to redeem them now; simply get the card re-issued saying you lost the current credit card. A new card will be issued and all the existing reward points will be valid for at least 2 more years. The bank will charge 100+ GST for card issuance, but that’s just the convenience fees, right? 🙂
The same is applicable when going for the card upgrade. Reward points on the old credit card are transferred to the upgraded credit card by some pre-defined criterion. At the same time, the validity of those points is extended by at least 2 years.
Card Hack #2: Upgrading to Diners Black or Infinia
While the eligibility criteria for Diners Black and Infinia credit cards are beyond the reach of many. Nevertheless, if you have an HDFC credit card with 5 lakh or more credit limit, you may very well get the Diners Black. For Infinia, a credit limit of 8 lakh is required on any existing HDFC credit card.
One has to download the upgrade form from HDFC website and send it to their Chennai office or mail it to the customer care. They will typically reply in 3-5 days with their decision. I couriered the form to Chennai office, and they rejected it. Mailing the customer care worked for me. For many I know, the reversed worked. Therefore, it is a trial and error, but no harm in trying.
Card Hack #3: Getting free Cibil report every month
There are two ways to get this. First, one is downloading the OneScore app. This app provides access to Cibil and Experian credit score.
Second is using the following link from HDFC Bank. One has to register here and agree that HDFC Bank will also have access to your credit report. For me, that’s not an issue as I own HDFC credit card and they anyways access to my credit report. By the way, this link works for non-HDFC Bank customers too.
Card Hack#4: SBI Prime Card – 20x reward points are not just for birthday
SBI Prime credit card offers 20 reward points for every 100 spent on cardholder’s birthday. However, the fine print says that this offer is valid for 3 days (applicable on your birthday, a day before & after). That’s not all, there is no cap whatsoever. Thus, if one can time a large expense accordingly– one can easily earn 5% rewards on SBI Prime credit card.
Point to keep in mind #1: Ka-ching credit cards – Reward booking is not for all
Recently HDFC and Indigo were offering their Ka-Ching credit card as free for the first year. While the card is very good for frequent Indigo flyers. The fine print (Detailed T&C here) makes sure that people do not redeem 6E Rewards for their friends and family. The redemption of 6E Rewards against flight ticket is limited to the member, his or her spouse and up to 2 children under 18. Thus, one cannot even use the redemption option for their parents, siblings, adult children and/or in-laws.