HDFC Bank: Crores of customers of the country’s largest private sector bank HDFC may get a shock. The bank has changed the rules of its credit card. These new rules will come into effect from August 1, 2024. That is, making payment through credit card in 2 days can prove to be expensive.
HDFC Bank: Crores of customers of the country’s largest private sector bank HDFC may get a shock. The bank has changed the rules of its credit card. These new rules will come into effect from August 1, 2024. That is, making payment through credit card in 2 days can prove to be expensive. These changes of HDFC Bank can affect the use of your credit card. Plan your transactions carefully and avoid unnecessary charges. Know the full rules here.
Rental transaction
Platforms: On using CRED, Cheq, MobiKwik, Freecharge and other such services.
New charges: 1% charge on transaction amount, limited to ₹3000 per transaction.
Fuel transactions
Less than ₹15,000: No additional charge.
More than ₹15,000: 1% charge on entire amount, limited to ₹3,000 per transaction.
Utility transactions
Less than ₹50,000: No additional charge.
More than ₹50,000: 1% charge on entire amount, limited to ₹3,000 per transaction.
Insurance transactions: Exempt from this charge.
Educational transactions
Direct payments: Payments made through college or school websites or their POS machines are charge-free.
Third Party Apps: 1% charge on transactions made through CRED, Cheq, MobiKwik and other apps, limited to ₹3,000 per transaction.
International Educational Payments: Excluded from this charge.
International/Cross Currency Transactions
New Charge: 3.5% markup charge on all international or cross currency transactions.
Late Payment Charge
Revised based on balance amount ranging from ₹100 to ₹1,300.
EMI Processing Charge
New Charge: Processing charge up to ₹299 on availing Easy-EMI option at online or offline stores.
Other Changes
Tata New Infinity and Tata New Plus Credit Cards: From August 1, 2024, users of these cards will get 1.5% NewCoins on eligible UPI transactions made using Tata New UPI ID.
