In a bid to tap the fast growing, e-commerce world, banks are also lapping up the area to increase their customer base as well as provide better customer experience with several offers and cashbacks.
HDFC bank also introduced the SmartBuy platform and as a disclaimer the site in the opening window says that the bank itself is not resorting to selling activity for different products. But features the offers thrown offer by different merchants for its banking customers.
It is more or less similar to the recently introduced YONO platform of SBI.
Know all about it here in detail.
Features: Basically, the Smart Buy gateway is specially routed for communicating different offers for the HDFC bank customers and the transaction on the platform can be routed only through the HDFC's net banking or debit or credit card facility.
Advantage: With such a facility, customers are better off in respect of cash backs and other reward points.
So, if you are a HDFC bank customer, you as a one-stop solution can visit the platform to know about the best deals on different products and services. Also, the facility to compare rates across product categories is available to make truly well informed decision.
Additionally, there is Easy EMI facility that can be availed on your HDFC bank cards for travel such as for specific airlines.
So, in case if you make your purchases through a HDFC card then surely you can visit the Smart Buy facility by HDFC bank other than the regular e-commerce web site to figure out the best deals for yourself across categories.
Currently, the Smart Buy of HDFC bank is providing 10X reward points on credit card payment and 5% cashback on debit card payment.