HDFC Bank Credit Card Rules: HDFC Bank is going to make big changes in its credit card rules. These rules will come into effect from August 1, 2024.
HDFC Bank Credit Card Rules: There is big news for crores of credit card holders of the country’s largest bank HDFC Bank. The bank is going to change the rules of its credit card. These will come into effect from August 1, 2024. If you also use HDFC’s credit card, then we are telling you about its new charges.
Changes are going to happen in these rules
1. If HDFC Bank credit card holders pay their rent through third party apps like Cred, Cheq, MobiKwik, Freecharge, then 1 percent charge will have to be paid as transaction fee. This charge can be up to a maximum of Rs 3,000 per transaction.
2. Apart from rent payment, the bank has also changed the fee for fuel transactions. Now customers will not have to pay any extra charge on fuel transactions less than Rs 15,000. On the other hand, you will have to pay 1% charge on transactions above Rs 15,000, but the maximum limit of the charge can be up to Rs 3,000.
3. The bank has also made changes in the utility transaction charges. Customers will not have to pay any kind of service charge on utility bills up to Rs 50,000. On the other hand, on transactions above Rs 50,000, you will have to pay 1% charge per transaction, the limit of which can be up to Rs 3000.
4. Customers will have to pay 3.5% mark up charge on international currency transactions.
5. The bank will charge zero service charge on direct payment of school and college fees. On the other hand, on using third party apps like Cred, Cheq, MobiKwik, Freecharge, customers will have to pay 1% per transaction or a maximum of Rs 3,000. International schools and colleges payments are not included in this.
5. If you fail to make the credit card payment on time, you will have to pay a fee ranging from Rs 100 to Rs 1300. The penalty amount will depend on the outstanding amount.
6. The bank has changed the EMI processing fee of its credit card. If you process EMI through HDFC credit card after shopping from a website, then you will have to pay a fee of Rs 299 as processing charge for this. Along with this, customers will also have to pay GST in addition to these charges.
New rules will come into effect from August 1
HDFC Bank has informed on its official website that all the changes in the credit card rules will be implemented from August 1, 2024.
