HDFC Bank Credit Card Holders Will not Get Cashback And EMI Benefits on Apple Products!

HDFC Bank customers may lose the benefits of cashback and EMI on credit card purchases of Apple products, the American company that makes the world-famous iPhone. The country’s largest private sector bank HDFC Bank has decided to end its tie-up with Apple.

HDFC Bank’s Group Head (Payments, Consumer Finance, Marketing and Liability Product Group), Parag Rao told a business newspaper, “We have worked with Apple for almost five years. After reviewing our tie-up, we have decided to temporarily break it. We monitor cost-to-income and sometimes this parameter does not work for a particular tie-up.” However, Apple has not said how much this will affect the cashback and EMI benefits for customers. The company’s Website According to, cashback and no-cost EMI is being offered on Apple products on Axis Bank, American Express and ICICI Bank cards.

Apple’s new iPhone series will be launched on September 9. New Apple Watch and AirPods can also be launched with it. Apple has given the tagline ‘It’s Glotime’ to the launch event, which may be a sign of Apple Intelligence features. This event will be organized at the company’s Steve Jobs Theater in the US. It will be live streamed on YouTube. In this event, Apple can also give information about the release date of iOS 18 and other software updates.

The company’s new smartphone series may include iPhone 16, iPhone 16 Plus, iPhone 16 Pro and iPhone 16 Pro Max. A new capture button can be found in these smartphones. Both iPhone 16 and iPhone 16 Plus can have dual rear camera units. These can have a 48-megapixel primary camera with f/1.6 aperture and up to 2x zoom. Apart from this, the ultra-wide camera can be f/2.2 aperture. Apple Intelligence features can also be found in the iPhone 16 series. The iPhone 15 Pro and iPhone 15 Pro Max of the iPhone 15 series introduced last year had Apple Intelligence features.