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
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 of what changes will be made in the rules of HDFC Bank credit card.
Rent transaction
Customers using CRED, Cheq, MobiKwik, Freecharge and other such services to pay rent will be charged 1% on the transaction amount, which will be limited to ₹ 3000 per transaction.
Fuel transactions
Transactions less than ₹15,000 per transaction will not attract any extra charge. However, transactions above ₹15,000 will attract a 1% charge on the entire amount, limited to ₹3,000 per transaction.
Utility transactions
Transactions less than ₹50,000 will attract a 1% charge 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 college or school websites or their POS machines will be charge-free.
However, transactions made 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 be applicable on all international or cross currency transactions.
Late Payment Charges
The late payment charge structure has been revised based on the outstanding amount from ₹100 to ₹1,300.
EMI Processing Charges
An EMI processing charge 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 Changes
In addition, HDFC Bank will implement the changes 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.
