HDFC Bank
Shoppers Stop BLACK HDFC Bank Credit Card
Reviewed by Aakarsh Mohan · Updated 28 July 2026 · How we rate cards
The Shoppers Stop Black HDFC Bank Credit Card is the premium variant of the Shoppers Stop HDFC Bank Credit Card, offering a stronger 7% value-back on Shoppers Stop spends and 2% on all other purchases — both in the form of reward points redeemable against Shoppers Stop vouchers at a 1:1 ratio. What distinguishes it from the base variant is its travel-friendly additions: complimentary domestic and international airport lounge access, and the ability to redeem reward points against air miles and travel bookings via the SmartBuy portal at a 2:1 ratio — a notably useful feature for a co-branded shopping card.
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Data last updated 28 July 2026.
At a Glance
Annual Fee
₹4,500
Joining Fee
₹4,500
Fee Waiver
N/A
Lounge Access
16 domestic + 8 international per year
Forex Markup
3.5%
Effective Yield
2% – 7%
Our Take
CreditGully Rating
Based on CreditGully editors' analysis. Not influenced by card issuers.
The Shoppers Stop Black HDFC Bank Credit Card is the premium variant of the Shoppers Stop HDFC Bank Credit Card, offering a stronger 7% value-back on Shoppers Stop spends and 2% on all other purchases — both in the form of reward points redeemable against Shoppers Stop vouchers at a 1:1 ratio.
What distinguishes it from the base variant is its travel-friendly additions: complimentary domestic and international airport lounge access, and the ability to redeem reward points against air miles and travel bookings via the SmartBuy portal at a 2:1 ratio — a notably useful feature for a co-branded shopping card.
The welcome benefits also cover the ₹4,500 joining fee comfortably — new cardholders receive a complimentary Shoppers Stop Black Membership (worth ₹4,500) along with a Shoppers Stop discount voucher worth ₹1,500.
For dedicated Shoppers Stop loyalists, this card offers strong in-store value. And with lounge access thrown in, it can serve as a reasonable travel companion for those who don't need a full-fledged travel card.
What We Like
The Shoppers Stop Black HDFC Bank Credit Card delivers a strong 7% value-back on Shoppers Stop spends through reward points, redeemable against Shoppers Stop vouchers at a 1:1 ratio (1 RP = ₹1). Welcome benefits — a complimentary First Citizen Black Membership worth ₹4,500 and a ₹1,500 discount voucher — together exceed the joining fee, making it an easy card to justify for regular Shoppers Stop shoppers.
What elevates this beyond a pure shopping card is its travel upside: 16 domestic and 8 international lounge visits annually give frequent flyers a tangible perk. Reward points can also be redeemed against air miles or travel bookings via HDFC SmartBuy at 2 RP = 1 Airmile/₹1 in travel value — a useful flexibility for cardholders who want to occasionally pivot their rewards toward travel.
Pros
- ✓Strong 7% value-back on all Shoppers Stop purchases
- ✓Reward points redeem at full ₹1 value against Shoppers Stop vouchers (1:1 ratio)
- ✓Complimentary domestic and international airport lounge access (16 + 8 visits annually)
- ✓Welcome benefits — First Citizen Black Membership and discount vouchers — that exceed the joining fee
Cons
- ✗No annual fee waiver based on spends
- ✗Lower redemption value when points are used for cashback or travel bookings (2 RP = ₹1)
- ✗Monthly cap of 2,000 reward points each on Shoppers Stop and non-Shoppers Stop spends
Get This Card If
- ✓Shoppers Stop is your go-to destination for fashion and lifestyle shopping
- ✓You prefer earning and redeeming reward points as vouchers to maximise in-store value
- ✓You want complimentary lounge access at domestic and international airports as a travel perk
- ✓You're comfortable with a ₹4,500 annual fee — and can offset it through welcome benefits and regular Shoppers Stop spends
Earning & Redemption
How You Earn
| Category | Reward rate | Yield | Cap * |
|---|---|---|---|
Shoppers Stop Spends (Retail/App) | 7% Reward Points (RP) | 7.00% | 2,000 RP per month (Shoppers Stop category) |
Non-Shoppers Stop Spends | 2% Reward Points (RP) | 2.00% | 2,000 RP per month (Non-Shoppers Stop category) |
Excluded Categories | No Reward Points | 0.0% | — |
Total earning cap: 4,000 reward_points per month across all categories. Earning stops once this limit is reached, regardless of per-category caps shown above.
* Category caps shown are based on publicly available card terms. Banks frequently revise caps and rates without notice — always verify current limits directly with the issuer before applying.
Milestone Rewards
| Spend | Benefit | Value | Summary |
|---|---|---|---|
| ₹50,000 | Weekend Bonus2,000 pts | ₹2,000 (Shoppers Stop Voucher) | Voucher awarded on a single transaction of ₹50,000+ at Shoppers Stop during weekends (Fri–Sun). Limited to 5 times per year. |
Redemption Value
| Channel | Value per point | Verdict |
|---|---|---|
| Shoppers Stop Redemption | ₹1.00 per point1:1 | Best value; full 1:1 redemption at Shoppers Stop stores and platform |
| SmartBuy (Flights/Hotels) | Up to ₹0.3 per point7:2 | Moderate; lower value compared to Shoppers Stop usage |
| Statement Credit (Cash) | ₹0.20 per point5:1 | Avoid; significant value loss |
What You Need to Know
Category-Specific Caps
Each category (Shoppers Stop, Non-SS, Grocery) has its own monthly reward cap.
Impact: High spenders may hit caps quickly, limiting effective reward rate.
Brand Lock-In
Maximum value requires redemption at Shoppers Stop (1 RP = ₹1).
Impact: Value drops significantly if used for travel or statement credit.
Weekend Bonus Limits
₹2,000 bonus is capped at 5 times per year and requires high-value single transactions.
Impact: Not a recurring monthly benefit; limited applicability.
Minimum Transaction Condition
Rewards are only earned on transactions of ₹150 or more.
Impact: Small transactions do not earn rewards.
Essential Fine Print
Reward Exclusions
Excluded Categories: Fuel, Wallet loading, Rent payments, Government transactions, Cash advances, and EMI transactions.
Welcome Offer
Shoppers Stop Voucher
Shoppers Stop voucher worth ₹1500 as welcome benefit on any transaction at Shoppers Stop
Shoppers Stop Black Membership
Complementary Shoppers Stop Black membership worth ₹4500
Lounge Access
Domestic Lounge Access
16 domestic lounge accesses (4 per quarter)
International Lounge Access
8 international lounge accesses (2 per quarter) per calendar year.
Milestone Benefits
Monthly Weekend Spend Bonus
Reward Points worth ₹2,000 per month for a purchase of ₹50,000 or above on Shoppers Stop on weekends. Weekend offer is Capped to maximum once in a month and 5 times in a year.
Additional Features
Zero Lost Card Liability
Zero liability on fraudulent transactions if the loss of card is reported immediately to the bank.
Fees & Charges
| Fee Type | Amount / Details |
|---|---|
| Joining Fee | ₹4,500 |
| Annual / Renewal Fee | ₹4,500 |
| Fee Waiver Threshold | N/A |
| Forex Markup | 3.5% |
| Reward Redemption Fee | ₹99 per redemption |
| Fuel Surcharge Waiver | 1% surcharge |
Eligibility Criteria
Salaried
Age: 21 - 60 years, Net monthly income > ₹70,000.
Self-Employed
Age: 21 - 65 years, ITR > ₹8.4 Lakhs per annum.
Nationality
Indian
Ready to apply for Shoppers Stop BLACK HDFC Bank Credit Card?
Annual fee: ₹4,500
Frequently Asked Questions
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Annual fee
₹4,500
2% – 7% yield