The Food Card (known as food plus card) by HDFC is its collaboration with VISA International again. The employer has to apply to HDFC Bank for issuance of food plus cards for its employee. Then the card is distributed by the employer to its employee so that the employee can have meal in the office and the employer gets rid of coupon listing and tracking system. It is hassle free as the paper vouchers that were distributed among the employee of the corporate had to be tracked manually and reconciled. And if the voucher gets lost or damaged no other alternative was available. The food card has very simple documentation and once it is done it can be used as a debit card only by the given employee. The card is reloaded on the request of the employer when ever indicated. It can also be easily funded from Enet or it can have instructions to directly get the amount debited from the bank. The card has the facility to be monitored that is one can check the balance available in the HDFC ATM machines. It has the net banking access also where you can do online groceries shopping. The card also has the phone banking facility to it. If by chances the card gets lost it can be hot listed by contacting the phone banking. The new card can be issued after the hot listing is done and the balance is transferred to the new card. The major advantage is that Government of India has given a provision that a certain amount of expense is free from tax. The biggest one of all is that some amount of tax is saved every month on the amount we put in the card.
Usage
So by this food plus card HDFC bank provides the easiest way to distribute meal allowances amongst various corporate through out India.
The credit cards across banks and mobile money gives offer of cash back on using them. As told by Subrat Pani Head Kotak Creditcards in one of the articles in economic times Cash-back can be taken as instant gratification and influences of customer behaviour. The exclusive credit card Trump constitutes 65% of the cash back for their credit card base.
The cask back offers are given to the customers so that they can be lured to swipe their cards or use their mobile money by shopping through them. The cash back offer is displayed on the bank records when ever the purchase is made. Mostly merchants do this for no other or extra cost and it is a way in which we can save money apart from network atm fee.
However if we think that how the bank can afford to give its customers a cash back it is simple that by charging the merchant a certain amount of fee on the transaction of credit card the bank takes a cut on the project when the cash back offer is prevelant.These offers generally coincide with the shopping festivals running across the country. At the time of these festivals the merchants offer huge discounts and also does tie up with major banks to offer this difference to the customers which is given to them in the form of cash back.
Usage
- This card is a boon in the sense that if you run short of money then also you have this card that will be accepted to purchase groceries and food outlets
- However it gives the benefit that it can be used at all the food and beverage outlet that covers VISA.
- The government has put a regulation that the card can be used only for ready to eat food or non-alcoholic beverages.
- They even cover big bazaar, heritage or for that matter Nilgiris are also considered as food outlets.
- Even Kirana stores who have a visa sticker displayed on it the card covers all of them.
- Any supermarket like Reliance Mart, D-mart and Star Bazaar which accept visa the food plus card can be used for any of the stuff being sold out their.
- It can also be used at all the restaurants which cover visa.
- The cad can be used at some clubs also.
- The card as mentioned can be used at KFC, Subway, and Pizza hut.
- Groceries stores like Reliance Fresh and Spenser also accept this card.
- The food plus card can be used at any POS given by HDFC bank.
- The food plus card can be used in India only.
So by this food plus card HDFC bank provides the easiest way to distribute meal allowances amongst various corporate through out India.
The credit cards across banks and mobile money gives offer of cash back on using them. As told by Subrat Pani Head Kotak Creditcards in one of the articles in economic times Cash-back can be taken as instant gratification and influences of customer behaviour. The exclusive credit card Trump constitutes 65% of the cash back for their credit card base.
The cask back offers are given to the customers so that they can be lured to swipe their cards or use their mobile money by shopping through them. The cash back offer is displayed on the bank records when ever the purchase is made. Mostly merchants do this for no other or extra cost and it is a way in which we can save money apart from network atm fee.
However if we think that how the bank can afford to give its customers a cash back it is simple that by charging the merchant a certain amount of fee on the transaction of credit card the bank takes a cut on the project when the cash back offer is prevelant.These offers generally coincide with the shopping festivals running across the country. At the time of these festivals the merchants offer huge discounts and also does tie up with major banks to offer this difference to the customers which is given to them in the form of cash back.
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