Hdfc Bank Credit Card Charges 1 August 2024: HDFC Bank has made significant updates regarding terms and charges for its credit card holders. As per the information on the bank’s official website, these changes are effective from August 1, 2024.
HDFC Bank brought significant changes regarding terms, payments and charges to its credit card holders. As per the information on the bank’s official website, the revisions to the HDFC Bank Credit card charges will be effective from August 1, 2024.
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HDFC Credit Card Payment New Rule
Here’s a list of the revisions to your HDFC Bank Credit card charges that will apply starting next month:
Rental Transactions:
For all third party apps and services like (but not limited to) CRED, PayTM, Cheq, MobiKwik, Freecharge, and others to pay rent, a 1% fee will be charged on the transaction amount and is capped at Rs 3,000 per transaction.
Fuel Transactions:
Consumer Cards: If you spend less than Rs 15,000 per transaction on fuel, no additional fee will be charged. But, if you spend more than Rs 15,000 per transaction on fuel, a 1% fee will be charged on the entire amount and it is capped at Rs 3,000 per transaction.
Business Cards: In case the spend is less than Rs 30,000 per transaction on fuel, no additional fee will be charged. However, if you spend more than Rs 30,000 per transaction on fuel, a 1% fee will be charged on the entire amount and it is capped at Rs 3,000 per transaction.
Utility Transactions:
For consumer cards holders, if you spend less than Rs 50,000 per transaction on utilities, no additional fee will be charged. But, if you spend more than Rs 50,000 per transaction on utilities, a 1% fee will be charged on the entire amount and it is capped at Rs 3,000 per transaction.
For business card holders, if you spend less than Rs 75,000 per transaction on utilities, no additional fee will be charged. A 1% fee will be charged on the entire amount if you spend more than Rs 75,000 per transaction on utilities and it is capped at Rs 3000 per transaction.
Insurance transactions will not be considered as utility transactions and therefore no charges will be applicable.
Educational Transactions:
If you make education payments through third-party apps and services like (but not limited to) CRED, PayTM, Cheq, MobiKwik and others, a 1% fee will be charged and capped at Rs 3,000 per transaction. However, on education payments through college/school websites or their POS machines, there will be no fees. International education payments are excluded from this charge.
HDFC Credit Card Payment New Rule: Other key changes
International / Cross Currency Transactions:
A 3.5% markup fee will be applicable if you make an international/cross currency transaction.
Markup fee will remain 2% for select premium cards including Infinia, Infinia (Metal Edition), Diners Black, Diners Black (Metal Edition), Biz Black Metal Card, Regalia Gold, BizPower, Tata Neu Infinity HDFC Bank while 2.5% markup fee will be applicable for 6E Rewards Indigo XL.
Late Payment:
HDFC’s late payment fee structure has been revised as follows:
Outstanding Amount Slab Revised Charges
| Outstanding amount slab (in rupees) | Revised Charges (in rupees) |
| < = Rs 100 | Nil |
| Rs 101 – 500 | Rs 100 |
| Rs 501 – 1000 | Rs 500 |
| Rs 1001 – 5000 | Rs 600 |
| Rs 5001 – 10000 | Rs 750 |
| Rs 10001 – 25000 | Rs 900 |
| Rs 25001 – 50000 | Rs 1100 |
| > Rs 50000 | Rs Rs 1300 |
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Rewards Redemption:
A Rs 50 redemption fee will be charged if you redeem your rewards towards statement credit (CashBack). Rewards Redemption charge will not be applicable for Infinia, Infinia (Metal Edition), Diners Black, Diners Black (Metal Edition), BizBlack Metal,Swiggy HDFC Bank,Flipkart Wholesale.
Finance Charges:
For customers using the revolving credit facility and hence paying an amount less than the total amount due on their monthly billing statement, finance charges of 3.75% per month will apply from the transaction date till the outstanding balance is paid in full. This applies to all retail and cash transactions.
The finance charge will remain 1.99% per month for Infinia, Infinia Metal Edition, Diners Black, Diners Black Metal Edition, and BizBlack Metal cards.
Easy-EMI Processing Fee:
If you avail the Easy-EMI option at any online or offline store, a processing fee of up to Rs 299 will be charged.
All fees are subject to GST as per government regulations.
Merchant Category codes are defined by the network (Visa, Master Card, Rupay, Diners). HDFC Bank does not define the merchant category.
