If you want to compare between the HDFC bank credit card and ICICI credit card, then this is just the article you need to read. Before getting into the differences, let’s trace back to the history and details of each bank. Considering the ICICI bank, it thinks big and is always looking for marketshare and profound growth. On the other hand, HDFC bank is more cautious and conservative that grows at proficient measured pace without involving any undue risks.
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| HDFC bank credit card |
Since mid-1999, ICICI bank had already started its venture of retail banking, but by the end of January-2000, the bank had already introduced personal loans, car loans, home loans and credit cards. On the other hand, HDFC Bank started its retail landing in the year 1998, which was year before ICICI bank came into the field. The bank took more time to launch its credit cards which was only two years back.
A few differences between HDFC bank credit card and ICICI credit card
It should be noted that ICICI bank issued almost 3 million credit cards, which is actually twice the total number of HDFC bank credit card. Industry reviewers have pointed out, however, the effective number of users of the ICICI bank is not so impressive. In the field of online trading, where you will find a relatively lower risk, the ICICI bank boasts two-third of the total market share.
Besides, if you look at other financial data of both banks you will have an idea why the HDFC bank is celebrated for its quality services that claim better credit card performance, while the ICICI bank has been successful in issuing more number of credit cards. Record has it that according to the stock market the HDFC bank is valued at a higher premium at Rs. 585 current price and the bank is also valued at 3.5 times book value. In contrast, the ICICI bank is quoted at Rs. 415 and has an estimated book value of Rs. 194.
Also, it should be noted that the financial operations of the HDFC bank is more profitable with its net margin at 3.2 % and is higher than the ICICI bank’s 2.4%. On an average, HDFC bank pays off an interest of 3.2% but ICICI bank offers 4.5%.
While the HDFC bank offers credit cards in various categories like Super Premium, Featured Cards, Premium Travel, Premium, Regular, Premium Women, Cashback & commercial, etc., the ICICI bank offers credit cards in categories like ‘ICICI Bank More Cards’, ‘ICICI Bank The Gemstone Collection Credit Cards’, ‘ICICI Bank Airline Credit Cards’, ‘ICICI Bank Unifare Metro Credit Cards’, ‘ICICI Bank Fuel Credit Cards’, etc.
The HDFC Indian Promoters Holding is 23.2 %, Mutual Funds if 10.5 %, Foreign Institutional Fills is 30.7 %, ADR & GDR is 17.3 %, Public Holding at 18.4 % and the number of shareholders is 4.5 lakhs +. On the contrary, The ICICI Bank Indian Promoters Holding is 0 %, Mutual Funds is 26.6 %, Foreign Institutional Investors is 35.9 %, ADR & GDR is 26.9 %, Public Holding is 10.6 % and the approximate number of shareholders is 7 lakh +, etc.
The HDFC credit/deposit ratio is 80.7 %, while the ICICI bank credit/deposit ratio is 103.6 %. The HDFC Bank has an approximate 66,000 employees, while the ICICI Bank has 58,000 employees. The net fixed deposits of the HDFC Bank are Rs. 2,378 crores, while the net fixed deposits of the ICICI Bank is Rs. 5,432 crores.
Everything aside, it just boils down to which ban’s credit card offers features that are in line with your requirement. Once you figure that out, the bank becomes secondary.
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