HDFC Bank · with Pine LabsLast checked 31 Oct 2026closed to new applicants
The Pine Labs HDFC Bank Credit Card costs Rs 499 a year, waived if you spend Rs 50,000 in a year. Its base return is 0.33% (2 RP per Rs 150 on POS spends). The forex markup is 3.5%. Read from the issuer's own documents on 31 Oct 2026.
HDFCPine Labs HDFC Bank Credit CardCard design not shown
Annual fee
Rs 499+ GST
Fee waived at
Rs 50,000annual spend
Base return
0.33%
Forex markup
3.5%
Interest
3.75%a month
Fees
Joining fee
Rs 499
Annual fee
Rs 499
Annual spend that waives the fee
Rs 50,000
Fee notes
Membership fee Rs 499 + GST. First-year fee waived on Rs 45,000 non-EMI spend within 90 days; renewal fee waived on Rs 50,000 non-EMI spend in 12 months (product page).
Rewards
Reward currency
Reward Points
Base earn
2 RP per Rs 150 on POS spends
Base return
0.33%
Point value
1 RP = Rs 0.20 SmartBuy travel; 0.25 airmile; up to Rs 0.25 product catalogue; Rs 0.20 cashback
Accelerated earn
4 RP per Rs 150 on e-commerce spends; 5% cashback on business essentials (utility, telecom, IRCTC, government and tax payments)
Caps
5% cashback capped at Rs 250 per month; grocery 1,000 points per month; redemption to cashback and travel 50,000 points per month (product page). Max 25,000 points per statement cycle (MITC)
Spends that earn nothing
EMI, fuel, wallet loads; rent and education
Milestone benefits
2,500 bonus Reward Points on Rs 1.8 lakh non-EMI spend in a year
Reward notes
Points + Pay: max 70% in points. base_return_pct = 2 RP per Rs 150 (POS) x Rs 0.25 (catalogue/airmile ceiling) = 0.33%; both figures from the product page. As cashback it is 0.27%.
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 50 interest-free days; personal accidental death cover up to Rs 30 lakh (Rs 5 lakh base, more with monthly spend above Rs 25,000 / Rs 50,000); 1.25% flat interest on supplier payments via Pine Labs' payment platform
Merchant-focused co-brand, now discontinued: existing cardholders keep current benefits until a replacement card is issued at migration or renewal. Launch offers on the page expired on 30 Sep 2022 and are left out. Product page read 2026-10-12; network, lounge and forex markup are not on it. Conflicts with earlier data (issuer page used): status: earlier value open; product page says the card is discontinued and closed to new applications. Bank-wide charges per MITC: 1% fee on rent payments (cap Rs 4,999/txn); 1% on utility spends above Rs 50,000/month (Rs 75,000 on business cards); 1% on wallet loads above Rs 10,000/month (PayZapp exempt); 1% on fuel spends above Rs 15,000/month (Rs 30,000 business); 1% on online skill gaming above Rs 10,000/month; 1% on education paid via third-party apps; 1% + GST on railway tickets; 1.75% markup on INR transactions at overseas merchants from 15 May 2026. Points lapse if the card is unused for 365 days.
Questions
What is the annual fee of the Pine Labs HDFC Bank Credit Card?
Rs 499 a year, before GST. It is waived if you spend Rs 50,000 in a year.
What is the forex markup on the Pine Labs HDFC Bank Credit Card?
3.5% of each foreign-currency transaction, before GST.
Which spends earn no rewards on the Pine Labs HDFC Bank Credit Card?