Pine Labs HDFC Bank Credit Card
HDFC Bank · Discontinued
HDFC's card for Pine Labs merchants: 4 reward points per ₹150 on e-commerce and 2 per ₹150 on other point-of-sale spends, 5% cashback on business essentials (₹250 a month cap) and 2,500 bonus points on ₹1.8 lakh a year, for ₹499 a year waived at ₹50,000. Discontinued: no new applications and holders are being migrated.
- Annual fee
- ₹499 + GST a year
- Joining fee
- ₹499 + GST
- Fee waiver
- Annual fee waived on ₹50,000 spend per card year
- Base rate
- 2 points per ₹150 on other point-of-sale spends: 2 Reward Points per ₹150 (about 0.27% at cash value)
- Lounges
- None on record
- Forex markup
- 3.5%
- Data
- From bank documents, checked 24 Oct 2026
Main earn rates
- SmartBuy at IGP, Jockey and PharmEasy, 10% CashBack: 10% in SmartBuy CashBack on top of the base rate (about 10% at cash value)
- 5% cashback on utilities, telecom and government and tax payments, up to ₹250 a month: 5% in Cashback (business essentials) (about 5% at cash value)
- 5% cashback on IRCTC, up to ₹250 a month: 5% in Cashback (business essentials) (about 5% at cash value)
- SmartBuy flights and hotels, 5% CashBack on top of the base: 5% in SmartBuy CashBack on top of the base rate (about 5% at cash value)
- SmartBuy at Myntra, Nykaa, redBus, Zoomcar, Apple (Imagine Tresor) and MakeMyTrip holiday packages, 5% CashBack: 5% in SmartBuy CashBack on top of the base rate (about 5% at cash value)
Earns nothing on
- No points on fuel, wallet loads or EasyEMI
- No points on rent or education payments
- No points on online skill-based gaming (from 1 July 2025)
Where the sources disagree
- interest rate: The undated key fact statement for the Pine Labs cards says 3.6% a month; MITC v4.15 gives 3.75% for variants it does not name. The MITC is used.
Terms the calculator does not value
- The card is discontinued: HDFC accepts no new applications and migrates holders on replacement or renewal. The calculator values it as if issued today.
- The launch offers (3% cashback on all non-EMI spends to 30 September 2022, 1% on supplier payments, a ₹500 voucher) have ended and are not entered. The page still describes them.
- The 5% business-essentials cashback is entered as a cashback currency; the page does not say how it is paid.
- Points on insurance are capped at 2,000 a calendar month from 1 July 2025 (MITC clause e); not modelled because the page splits rates by e-commerce and POS, not by category. It binds only above about ₹75,000 of insurance a month.
Sources
- Pine Labs HDFC Bank Credit Card product page (Product page, the bank's own, read 20 Oct 2026)
- Pine Labs HDFC Bank Credit Card fees and charges (Schedule of charges, the bank's own, read 20 Oct 2026)
- HDFC Bank credit cards Most Important Terms and Conditions (Key Fact Statement), version 4.15, updated 17 October 2026 (Most important terms (MITC), the bank's own, read 20 Oct 2026)
- Pine Labs HDFC Bank Credit Cards key fact statement (covers the standard and Pro variants; undated) (Most important terms (MITC), the bank's own, read 20 Oct 2026)
- Pine Labs HDFC Bank Credit Card frequently asked questions (undated, from 2022) (FAQ, the bank's own, read 20 Oct 2026)
- HDFC Bank rewards redemption form (cashback conversion ratios and minimums by card; PDF created 24 September 2026) (Reward terms, the bank's own, read 20 Oct 2026)