HDFC Bank Credit Card New Rule: The country’s largest private sector bank HDFC Bank has changed the rules of its credit card. These new rules have come into effect from August 1, 2024. The rules of charge in credit card have been revised. Here you have been given full details about what changes will be made in the rules of HDFC Bank credit card.
rental transaction
Customers using CRED, Cheq, MobiKwik, Freecharge and other such services to pay rent will be charged 1% on the transaction amount, limited to ₹3000 per transaction.
Fuel Transaction
There will be no extra charge for transactions less than ₹15,000 per transaction. However, transactions above ₹15,000 will attract a 1% charge on the entire amount, limited to ₹3,000 per transaction.
Utility Transactions
No extra charges will be levied for transactions less than ₹50,000.
Transactions above ₹50,000 will be charged 1% on the entire amount, limited to ₹3000 per transaction.
It is important to note that insurance transactions are exempt from this charge.
Educational Transactions
Payments made directly through the college or school websites or their POS machines will be charge-free.
However, transactions done through third party apps like CRED, Cheq, MobiKwik and others will attract a 1% charge, limited to ₹3000 per transaction.
International educational payments are excluded from this charge.
International/Cross Currency Transactions
A 3.5% markup charge will apply to all international or cross currency transactions.
late payment charge
The late payment charge structure has been revised depending on the outstanding amount from ₹100 to ₹1,300.
EMI Processing Charges
EMI processing charges of up to ₹ 299 will be applicable on availing the Easy-EMI option at any online or offline store. All the charges mentioned above are subject to GST as per government regulations, HDFC Bank said.
Other Variations
Apart from this, HDFC Bank will implement the change in its Tata Neu Infinity and Tata Neu Plus credit cards from August 1, 2024. From August 1, 2024, users of Tata New Infinity HDFC Bank credit card will get 1.5% NewCoins on eligible UPI transactions made using Tata New UPI ID.
