HDFC Bank Credit Card Rules: If you are also a customer of HDFC Bank and also use the credit card of this bank, then this news is very useful for you. Yes, HDFC Bank has changed some important rules and charges for those using its credit card.
According to the information given by HDFC Bank, all the changes will come into effect from August 1, 2024. Earlier, the bank had changed the interest rate of long term FD by 20 basis points. The changes from tomorrow will have a direct impact on your pocket. Let us know about these changes in detail-
1% charge on rental transactions
HDFC Bank is changing the rules related to credit cards from tomorrow i.e. 1 August 2024. Now, 1% of the transaction amount will be charged for paying rent through apps like CRED, Cheq, MobiKwik and Freecharge. This charge will be up to a maximum of Rs 3000 only.
Relief on payment of petrol and diesel
Apart from this, no extra charge will be levied on payment of petrol and diesel less than Rs 15000. But 1% charge will be levied on payment of more than Rs 15000, which will be up to a maximum of Rs 3000.
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Rules for business card holders:
If business card holders spend less than Rs 30,000 on filling petrol in one go, then no extra money will be taken from them. But if petrol worth more than Rs 30,000 is filled in one go, then 1% of the total amount will be charged. But this charge will not exceed Rs 3000 under any circumstances.
A markup fee of 3.5% will be charged
If you make any transaction in the currency of another country, then you will be charged a markup fee of 3.5%. For Infinia, Infinia (Metal Edition), Diners Black, Diners Black (Metal Edition), Biz Black Metal Card, Regalia Gold, BizPower, Tata New Infinity HDFC Bank, this fee will be 2% and for 6E Rewards Indigo XL it will be 2.5%.
Changes in late payment fee structure:
The bank has also changed the late payment fee structure. From tomorrow, no late fee of any kind will have to be paid for less than Rs 100. Rs 100 will have to be paid for payments between Rs 101 to Rs 500, Rs 500 for Rs 501 to Rs 1000, Rs 600 for Rs 1001 to Rs 5000, Rs 750 for Rs 5001 to Rs 10000, Rs 900 for Rs 10001 to Rs 25000, Rs 1100 for Rs 25001 to Rs 50000 and Rs 1,300 will have to be paid for payments above Rs 50000.
Redemption fee of Rs 50
If you use your rewards as statement credit (cashback), you will be charged a redemption fee of Rs 50. No fee will be applicable on reward redemption on Infinia, Infinia (Metal Edition), Diners Black, Diners Black (Metal Edition), BizzBlack Metal, Swiggy HDFC Bank, Flipkart Wholesale cards.
You will have to pay more interest
If you pay an amount less than your monthly bill, then you will have to pay 3.75% (per month) interest from the date of transaction till the full balance is paid. This applies to all money and goods purchases. But on Infinia, Infinia (Metal Edition), Diners Black, Diners Black (Metal Edition) and BizzBlack Metal cards, this interest rate will be 1.99% per month.
EMI processing fee also increased
If you choose the option of Easy-EMI from an online or offline shop, then you will be charged EMI processing fee of up to Rs 299. Earlier it was Rs 199. GST fixed by the government will be payable separately on all types of fees.
