Shoppers Stop Black HDFC Bank Credit Card

HDFC Bank · Open to apply

HDFC and Shoppers Stop's premium co-brand card: 7 reward points per ₹100 at Shoppers Stop and 2 per ₹100 elsewhere (a point is worth ₹1 at Shoppers Stop), a ₹1,500 welcome voucher, First Citizen Black membership, 16 domestic and 8 international lounge visits a year and ₹3 crore air accident cover. ₹4,500 a year, no spend waiver.

Annual fee
₹4,500 + GST a year
Joining fee
₹4,500 + GST
Base rate
2% in reward points on other spends (2 points per ₹100): 2 Reward Points per ₹100 (about 0.4% at cash value)
Lounges
Domestic: 4 visits a calendar quarter; International: 2 visits a calendar quarter
Forex markup
3.5%
Data
From bank documents, checked 6 Nov 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)
  • 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)
  • SmartBuy instant brand vouchers, 5% CashBack: 5% in SmartBuy CashBack on top of the base rate (about 5% at cash value)
  • 7% in reward points at Shoppers Stop (7 points per ₹100): 7 Reward Points per ₹100 (about 1.4% at cash value)

Earns nothing on

  • No points on fuel
  • No points on rent, or on government payments and tax
  • No points on wallet loads
  • No points on supermarkets, bakeries and similar food stores
  • No points on insurance
  • No points on EMI of any type
  • No points on jewellery and gold coins
  • No points on online skill-based gaming (from 1 July 2025)
  • No points on education fees paid through third-party apps (from 1 September 2024)

Where the sources disagree

  • weekend offer value: The T&C's weekend offer section says "Earn Rs.1500 per month for a single purchase of Rs.50,000 or above", but its own worked example credits 2,000 points for such a purchase, and the product page and the March 2024 notice say ₹2,000. ₹2,000 is used.
  • points on groceries and insurance: The card T&C (2.2) lists "Supermarkets", "Bakeries" and "Insurance" among the transactions that earn no points. The product page instead caps "accrual of reward points on grocery spends" at 1,000 points a month and its value chart puts "Groceries, Hotel and flights, Dining" in the 2% group; the FAQ's list of non-earning transactions (wallet loads, EMI, account fees, jewellery) names neither; and the MITC's issuer-wide caps (grocery 1,000 points a month and insurance 2,000 a month for "the rest of the cards" and "all other credit cards") assume they earn, though a cap does not itself grant points. Not resolved by any document; the card T&C, the most specific reward document, is used, so groceries and insurance earn 0.
  • fuel surcharge waiver period: The MITC and the product page's value chart say the ₹500 maximum waiver is per statement cycle; the product page FAQ says "up to ₹500" without a period and a third-party site says per month. The MITC is used.

Terms the calculator does not value

  • The weekend offer (reward points on a single Shoppers Stop purchase of ₹50,000 or more over a weekend, once a month and 5 times a year; ₹2,000 or ₹1,500, see conflicts) needs a single large purchase and is not entered.
  • The Black membership is partner-run and HDFC values it at ₹4,500, the same as the card's fee; it is not valued here. The reward points are worth ₹1 only against Shoppers Stop vouchers and about ₹0.20 as cashback, so the card's value depends on how the points are used.
  • Lounge visits are entered as stated (16 domestic and 8 international a year) with no spend condition, because none is stated; if HDFC applies one, as on its other cards, the benefit is overstated. How guests and visits beyond the quota are charged is not stated.
  • The T&C excludes package stores and liquor, vending machines and any other categories HDFC decides later; only the categories the calculator has are entered.
  • SmartBuy cashback applies only to purchases made through the SmartBuy portal. The card is not named in the SmartBuy chart, so it is placed in the "Other credit card (CashBack)" column (5% or 10% on listed categories and merchants, ₹1,000 a month), as for HDFC's other unnamed cards; the chart says it is for "all credit/debit cards" and "may not be applicable for Tata neu" only. The card's own T&C names SmartBuy only for redemption. The chart is valid till 31 March 2027.

Sources

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