Tata Neu Plus Credit Card: A Comprehensive Guide

1% fuel surcharge waiver, free domestic lounge visits, 50-day interest-free period

Annual fee benefit

Renewal fee waived by spending ₹1,00,000 yearly

If the bill payment is missed

Faces a 3.6% monthly interest, increasing the outstanding amount

Smart solution

Pays dues on time to maximise rewards and avoid extra costs

1% back as NeuCoins (Max 500 NeuCoins per month)

Eligible UPI Spends w.e.f. 01-Aug-24

0.25% back as NeuCoins (Bank) + 0.75% back as NeuCoins (Tata Neu UPI ID) (Max 500 NeuCoins per month)

Rental and Government Transactions

No NeuCoins earned

Grocery Transactions

Capped at 1,000 NeuCoins per month

Utility Transactions (w.e.f. 1-Sep-24)

Capped at 2,000 NeuCoins per month

Telecom & Cable Transactions (w.e.f. 1-Sep-24)

Capped at 2,000 NeuCoins per month

Education Payments via third-party apps (CRED, Cheq, MobiKwik, etc.)

No NeuCoins earned

Education Payments directly via school/college websites or POS

Eligible for NeuCoins

Lounge Access

Domestic Lounge Access
4 Complimentary Domestic Lounge Access per calendar year (1 in a quarter). ₹2 (VISA / RuPay) will be charged to the Credit Card for the Lounge Access

 

Please note that as of w.e.f 15 May 2023, the list of eligible domestic lounge access has been updated. For more information, please​​​​​​​ click here.

Fuel Surcharge Waiver

1% fuel surcharge waiver at all fuel stations across India

(on a minimum transaction of ₹400 & maximum transaction of ₹5,000. Maximum waiver of ₹250 per statement cycle).

 

Example:

Amit refuels his car for ₹2,000 at a fuel station using his Tata Neu Plus HDFC Bank Credit Card. A 1% fuel surcharge of ₹20 is initially applied but later waived off in his billing statement. Similarly, if Meera refuels for ₹6,000, only ₹50 (1% of ₹5,000) is waived, as the waiver applies only up to ₹5,000 per transaction, with a maximum limit of ₹250 per statement cycle.

Welcome Benefit

Get 499 NeuCoins on the Tata Neu App (as reversal of 1st Year Membership Fees), applicable on 1st Transaction done within 30 days of card issuance and will be available inside the Tata Neu App within 60 days of such transaction.

 

Example:

Raj received his Tata Neu Plus HDFC Bank Credit Card on 1st March and made his first transaction of ₹1,000 on 10th March. Since the transaction is within 30 days of card issuance, he qualifies for the 499 NeuCoins as a reversal of the first-year membership fee. These NeuCoins will be available for him to claim inside the Tata Neu App by 9th May (within 60 days of the transaction).

Renewal Offer

Spend ₹1,00,000 or more in a year before your Credit Card renewal date and get your renewal fee waived off.

 

Example:

Sneha holds a Tata Neu Plus HDFC Bank Credit Card with a renewal date of 15th March. Over the year, she spends ₹1,05,000 on shopping, dining, and bill payments. Since her total spending exceeds ₹1,00,000, the ₹499 renewal fee is waived, allowing her to continue enjoying the card’s benefits without paying the annual fee.

Contactless Payment

The Tata Neu Plus HDFC Bank Credit Card is enabled for contactless payments, facilitating fast, convenient, and secure payments at retail outlets.

Please note that in India, payment through contactless mode is allowed for a maximum of ₹5000 for a single transaction, where you are not asked to input your Credit Card PIN. However, if the amount is higher than or equal to ₹5000, the cardholder has to enter the Credit Card PIN for security reasons.

Joining/Renewal Membership Fee

₹499/- + Applicable Taxes

(Spend ₹1,00,000 or more in a year before your Credit Card renewal date and get your renewal fee waived off)

If applicable, the Joining Fees will be levied on the 120th day of the card issuance, and Renewal Fees will be levied every year at the start of every anniversary year.​​​​​​​

Example:

Priya got her Tata Neu Plus HDFC Bank Credit Card on 1st January. If she spends ₹1,00,000 or more before her renewal date (next 1st January), the ₹499 renewal fee is waived off, helping her save on annual charges. Additionally, if applicable, the joining fee is charged on the 120th day (around 1st May), but she ensures she meets the spending criteria to maximise benefits.

Interest Rate

3.6% per month (43.2% per annum).

Example:
Arjun has an outstanding balance of ₹10,000 on his Tata Neu Plus HDFC Bank Credit Card and does not pay it by the due date. An interest rate of 3.6% per month is applied, adding ₹360 in interest for the first month. To avoid high interest charges, Arjun decides to pay off his full balance as soon as possible, realising that timely payments can help him save significantly on interest costs.

Late Payment Fee

₹100 - ₹1,300 based on outstanding balance

Cash Withdrawal Charges

2.5% of the withdrawn amount or ₹500, whichever is higher.

Example Scenario:
Vikram urgently needs cash and withdraws ₹8,000 using his Tata Neu Plus HDFC Bank Credit Card. The cash withdrawal charge is 2.5% of ₹8,000 = ₹200, but since the minimum charge is ₹500, he is charged ₹500 instead of ₹200. Understanding this, Vikram avoids frequent cash withdrawals and prefers digital payments to save on additional fees.

Foreign Currency Markup

3.5% of the transaction amount.

Example:
Riya travels to Dubai and uses her Tata Neu Plus HDFC Bank Credit Card to pay $200 (₹16,500) for shopping. A 3.5% foreign currency markup is applied, adding ₹577.50 to her bill. Minimise such charges in the future, Riya considers using a forex card or paying in INR when possible, helping her save on currency conversion costs.

Over Limit Charges

2.5% of the over-limit amount, subject to a minimum of ₹550.

Example:
Aakash has a credit limit of ₹50,000 on his Tata Neu Plus HDFC Bank Credit Card, but accidentally spends ₹52,000, exceeding his limit by ₹2,000. A 2.5% over-limit charge is applied, which amounts to ₹50, but since the minimum fee is ₹550, he is charged ₹550. Realising this, Aakash decides to monitor his spending carefully to avoid unnecessary fees in the future.

Cash Processing Fee

₹100 per cash deposit made at HDFC Bank branches or ATMs.

Example:
Neha deposits ₹10,000 in cash at an HDFC Bank branch to pay her Tata Neu Plus HDFC Bank Credit Card bill. A cash processing fee of ₹100 is charged for the transaction. To avoid this fee in the future, Neha opts for online payments via net banking or UPI, making her transactions more cost-effective.