What is the forex markup on the HDFC Bharat Credit Card?

3.5% of each foreign-currency transaction, before GST.

Which spends earn no rewards on the HDFC Bharat Credit Card?

Wallet loading, rent, government transactions; recharges bundled with mobile purchases or at mobile outlets; anything outside eligible RuPay MCCs

M16S / HDFC Bank / HDFC Bharat Credit Card

entry · cashback

HDFC Bharat Credit Card

HDFC BankRuPayLast checked 31 Oct 2026closed to new applicants

The HDFC Bharat Credit Card costs Rs 500 a year. Its base return is 0%. The forex markup is 3.5%. Read from the issuer's own documents on 31 Oct 2026.

Annual fee: Rs 500+ GST
Fee waived at: —
Base return: 0%
Forex markup: 3.5%
Interest: 3.75%a month

Fees

Joining fee	Rs 500
Annual fee	Rs 500
Fee notes	Joining/renewal Rs 500 + taxes. No spend-based waiver is printed; the FAQ only says points can be redeemed to offset the fee.

Rewards

Reward currency	CashBack credited as Reward Points
Base earn	None: no rewards on merchant categories outside fuel, groceries, IRCTC and recharges
Base return	0%
Point value	1 Reward Point = Re 1 against statement balance, on request
Accelerated earn	5% cashback each month on fuel, grocery, bill payments and mobile recharge; on IRCTC ticket bookings; and on PayZapp, EasyEMI and SmartBuy spends. Up to 10% cashback on flights, hotels and gift vouchers via SmartBuy
Caps	Combined cashback across the 5% categories capped at Rs 150 per month. Redemption capped at 3,000 points per month; up to 70% of product/voucher value in points
Spends that earn nothing	Wallet loading, rent, government transactions; recharges bundled with mobile purchases or at mobile outlets; anything outside eligible RuPay MCCs
Points expiry	2 years from accumulation
Reward notes	Cashback posts as reward points in the next statement. base_return_pct = 0: the page says there is no reward outside the 5% categories. Inside them the Rs 150 monthly cap is reached at Rs 3,000 of spend.

Travel and perks

Forex markup	3.5%
Fuel surcharge waiver	1% on txns of Rs 400+, cap Rs 250 per statement cycle
Other freebies	Up to Rs 1,000 cashback on 200+ brands via PayZapp

Charges and eligibility

Interest per month	3.75%
Eligibility	Sourcing stopped; existing cardholders keep the benefits (product page)
Fine-print notes	Legacy card, closed to new applicants. Total cashback is capped at Rs 150 a month (Rs 1,800 a year). Network inferred from the page's reference to eligible MCCs 'by RuPay'; it does not list networks outright. New entry built only from the HDFC product page read 2026-10-12; fields the page does not state are null, and the bank-wide MITC charges (late fee slabs, rent/utility/wallet fees) were not re-read for this card.

Questions

What is the annual fee of the HDFC Bharat Credit Card?: Rs 500 a year, before GST.
What is the forex markup on the HDFC Bharat Credit Card?: 3.5% of each foreign-currency transaction, before GST.
Which spends earn no rewards on the HDFC Bharat Credit Card?: Wallet loading, rent, government transactions; recharges bundled with mobile purchases or at mobile outlets; anything outside eligible RuPay MCCs