Skip Cashback: HDFC Bank Cards Exclude Apple Products!

HDFC Bank Terminates Partnership with Apple: Impact on Credit Card Benefits

HDFC Bank customers who use credit cards for purchasing Apple products may soon find themselves without certain benefits such as cashback and easy EMI options. The decision comes after HDFC Bank—India’s largest private sector bank—announced the termination of its collaboration with Apple, a company renowned for its innovative technology and products like the iPhone.

Reasons for Partnership Termination

According to Parag Rao, Group Head of Payments, Consumer Finance, Marketing, and Liability Product Group at HDFC Bank, the decision followed a comprehensive review of their long-standing partnership with Apple, which lasted nearly five years. He stated, “We monitor cost-to-income, and sometimes this parameter does not align favorably for specific collaborations.” However, Apple has remained silent regarding the extent to which customers will be impacted by the withdrawal of these benefits.

Alternative Options for Customers

Despite the loss of benefits from HDFC Bank, customers can still avail cashback and no-cost EMI offers on Apple products through other banks such as Axis Bank, American Express, and ICICI Bank. This gives iPhone enthusiasts several options to consider while making significant purchases.

Upcoming Launch of Apple’s New iPhone Series

In exciting tech news, Apple is scheduled to launch its new iPhone series on September 9. This highly anticipated event will also introduce new products, including the latest Apple Watch and AirPods. The launch will take place at the esteemed Steve Jobs Theater in California and will be live-streamed on YouTube, allowing fans worldwide to witness the unveiling.

What to Expect from the New iPhone Series

The new iPhone series is expected to include models such as iPhone 16, iPhone 16 Plus, iPhone 16 Pro, and iPhone 16 Pro Max. Exciting features are on the horizon, including:

Having previously debuted Apple Intelligence features in the iPhone 15 Pro and Pro Max models, Apple enthusiasts are eager to see how these innovations evolve with the iPhone 16 series.

Anticipated Software Updates

Along with new hardware announcements, Apple is poised to share crucial information regarding the release date of iOS 18 and upcoming software updates, further engaging their user base and driving excitement around their products.