Updated on May 28, 2026
Author: MybankingTips Team
HDFC Bank offers the Global Value Program (GVP) for credit cardholders who frequently make international transactions.
The program allows eligible HDFC credit card users to earn cashback, bonus reward points, and milestone travel vouchers on international spending by paying a nominal annual membership fee.
The offer is currently valid till 31 December 2031.
What Is HDFC Global Value Program (GVP)?
The HDFC Bank Global Value Program is an optional add-on service available on most HDFC retail and business credit cards.
Once enrolled in the program, users can receive:
- 1% cashback on international spends
- Welcome reward points
- Annual milestone travel vouchers
The membership comes with:
- Joining Fee: ₹199 + GST
- Annual Renewal Fee: ₹199 + GST
The program automatically renews every year unless canceled by the cardholder.
HDFC Global Value Program Benefits
1% Cashback on International Transactions
Cardholders registered under the program can earn:
- 1% cashback on eligible international spends
- Maximum cashback capped at ₹1,000 per statement cycle
This benefit can help partially offset forex markup charges on international spending.
Welcome Benefit
After successful registration, users receive:
- 500 bonus Reward Points
- Applicable on the first international transaction
This is a one-time activation benefit valid only during the first year of membership.
Milestone Benefit
Users spending ₹1.5 lakh or more annually on international transactions can earn:
Voucher options include:
- Yatra
- MakeMyTrip
- Cleartrip
- EaseMyTrip
The milestone benefit is available once every year.
Eligible HDFC Credit Cards
The Global Value Program is applicable on most:
- Retail credit cards
- Business credit cards
Including premium cards such as:
- HDFC Regalia Gold Credit Card
- HDFC Diners Club Black Metal Credit Card
- HDFC Infinia Credit Card
- BizPower
- BizBlack
However, the program is not applicable on:
- Corporate cards
- Commercial credit cards
How to Activate HDFC Global Value Program
Cardholders can activate the program by:
- Calling HDFC Bank customer care
- Requesting activation for Global Value Program
The bank may ask users to confirm acceptance of terms and conditions before activation.
Important Activation Details
- Activation may take up to 5 business days
- Confirmation is sent through SMS or email
- Users can also activate the offer via email request
Important Terms & Conditions
Transactions Not Eligible
The following transactions do not qualify:
- Cash withdrawals
- Balance transfers
- EMI conversions
- Cash-on-call transactions
- Refunded or canceled transactions
Other Conditions
- Cannot be clubbed with certain ongoing offers
- Spending across multiple HDFC cards cannot be combined for milestone calculation
- Membership auto-renews annually
- Users must contact the bank separately to cancel the program
Is HDFC Global Value Program Worth It?
The value of the program depends largely on your international spending pattern.
Worth Considering If You:
- Frequently shop internationally
- Travel abroad regularly
- Use premium HDFC cards with lower forex markup
- Spend significantly in foreign currency
May Not Be Useful If You:
- Rarely make international transactions
- Use cards primarily for domestic spending
For premium cards like HDFC Infinia Credit Card or HDFC Regalia Gold Credit Card that already offer lower forex markup fees, the additional 1% cashback can further improve overall value on foreign spends.
Bottom Line
The HDFC Bank Global Value Program can be a useful add-on for users who frequently make international transactions.
For a relatively low annual fee of ₹199 + GST, cardholders can earn cashback, bonus reward points, and milestone travel vouchers on eligible forex spending.
However, users should calculate their actual international spending and forex costs before enrolling, as the program may not provide enough value for occasional international transactions.