The HDFC Global Value Program (GVP) is a hidden gem for HDFC credit cardholders, offering unique benefits that make international spending more rewarding. While the details of this program are not immediately visible on the bank’s website, once discovered, it proves to be an incredibly valuable offering for those who travel frequently or make purchases in foreign currencies. Available to all HDFC retail and business credit cardholders, the Global Value Program provides cashback on foreign exchange transactions, exclusive vouchers, and a cost-effective subscription service that’s hard to beat.
HDFC Global Value Program
Program Overview: Simple, Yet Rewarding
At its core, the HDFC Global Value Program (details here) is a subscription service with an annual fee of ₹199 + taxes. While the fee is modest, the benefits are substantial, making it an appealing option for frequent travellers or anyone who regularly purchases overseas. Upon enrolling in the program, cardholders get 500 reward points, which can be used for various redemption options across the HDFC Rewards catalogue.
Key Benefits of the HDFC Global Value Program
1% Cashback on Foreign Currency Transactions
The standout feature of the Global Value Program is that it offers 1% cashback on all foreign exchange (forex) spends. This can be especially beneficial for those who often make international purchases or travel abroad. The cashback is capped at ₹1,000 per month i.e. spends of INR 1lk in foreign currency.
Travel Vouchers on Annual Spend
Another perk of the HDFC Global Value Program is that you get INR 2000 Make My Trip/Clear Trip/Yatra/Ease My Trip vouchers on spending INR1.5 lakh or more annually after activating the offer. This is a recurring benefit available every year as long as the Global Value Program is active on your card.
Global Value Program is Available Until 2030
One of the most exciting parts about the HDFC Global Value Program is that it has been extended until 2030. Sometime, in early 2024 the Global Value Program page was taken down and enrolment was stopped. However, the link now mentions that the program will run till 2030. A good 5 years from now.
No Other Bank Offers Similar Benefits
No other bank in India offers a program of this nature on all its credit cards, making HDFC’s Global Value Program stand out in the market. While there are many zero-forex credit cards or cards that offer low markup on forex there is no program that covers all retail and business cards of a particular bank.
How to Enrol for the HDFC’s Global Value Program?
The enrolment process for the HDFC Global Value Program is simple. Just reach out to HDFC customer care directly. Once you call customer care, they will take your request and confirm the same. It is that simple!
Which cards are eligible for the HDFC Global Value Program?
All the retail and business credit cards of HDFC Bank are eligible for the Global Value Program. What this means is that HDFC Infinia(Apply Now), HDFC Diners Black(Apply Now), HDFC Marriott(Apply Now), HDFC Swiggy(Apply Now), HDFC Tata Neu Infinity(Apply Now) etc all cards are eligible for this offer.
What does the reward rate look like?
The reward rate after enrolling on the Global Value Program will be defined by your card variant. For example, on the HDFC Infinia and the HDFC Diners Black, you will get 3.3% (base reward rate) + 1% (GVP) – 2.36% (forex markup) = 1.95% i.e. approx. 2% reward rate. Note that I am not even counting the milestone benefit of the Global Value Program (2k travel vouchers) and the milestone benefits of Diners Black.
Similarly, the HDFC Tata Neu Infinity(Apply Now) credit card transforms into a zero-forex credit card after enrolling for the GVP.
Below is the table that shows the effective reward rate of popular HDFC credit cards.
Conclusion
The HDFC Global Value Program is an excellent subscription for HDFC credit cardholders who make regular forex transactions or travel abroad. With minimal annual fees and substantial benefits of cashback on foreign spending and travel vouchers, it’s a valuable addition to your credit card portfolio. The fact that no other bank offers such a program across all its cards makes this an even more enticing option for those seeking to make the most of their spending. With the program extended until 2030, now is the perfect time to enrol and enjoy these fantastic benefits for years to come. If you haven’t yet enrolled, it’s worth considering calling HDFC customer care to take advantage of this hidden gem.
Have you enrolled on the HDFC’s Global Value Program? Do let me know in the comments section below.
Disclaimer
In the interest of full disclosure, Credit Cardz may earn a referral bonus for anyone that’s approved through some of the links in this post. However, opinions and views expressed here are of the author's alone and not those of the bank, credit card issuer, or anyone else and have not been reviewed, approved or otherwise endorsed by any of these entities.
