HDFC Credit Card Charges and Interest Rate: Apart from the joining fee for HDFC Credit Card membership, a number of charges may be levied on your HDFC Credit Card depending on the nature and occasion of the transaction. Renewal fee is a fee charged at regular annual intervals and other charges and interest are charged as you use or misuse the facility.
Some of the major HDFC credit card charges are: Annual Membership Fee, Cash Advance Fee, Cash Payout Fee, HDFC Credit Card Interest Rate, EMI Conversion Fee, Late Payment Fee, Overlimit Fee, Card Re-issue Fee, Check Payment Fee, Payment Dishonor Fee ,Forex Transaction Fee,Forex Conversion Markup Fee etc.
There are also HDFC credit card fees that may be charged on your HDFC credit card. In this article you will get to know HDFC credit card charges in detail. Apart from this, you will also be able to get information about HDFC credit card interest rate.
HDFC Credit Card Charges and Interest Rate
Get detailed information about various types of HDFC Credit Card charges and interest rates applicable on HDFC Credit Card.
How much is the charge for HDFC Credit Card?
Apart from membership entry fee and annual membership fee on HDFC Credit Card, various types of charges depending on the nature of transaction and facility usage are detailed in the paragraphs below.
HDFC Credit Card Fees
The following types of charges may be imposed on HDFC Credit Card usage, depending on how you are using the card and the services available on the card. So let us know about these charges:
HDFC Credit Card Subscription Entry Fee and Annual Subscription Fee
Available in different features and variants, while availing HDFC credit card, you have to pay membership entry fee and annual membership fee for the usage of the credit card. This fee is payable on annual basis. HDFC Credit Card membership entry fee and annual membership fee varies as per the variant of the card. Read the linked article to know about HDFC Credit Card membership entry fee and annual membership fee.
HDFC Credit Card Charges for Cash Withdrawal / ATM Withdrawal
All HDFC Credit Card variants allow cash withdrawal from domestic or international ATMs up to the approved cash withdrawal limit. This cash withdrawal facility is helpful for us in meeting emergency cash requirements.
But for this facility we have to pay cash advance fee and interest which is minimum of Rs 500 or 2.5% of the amount withdrawn, whichever is higher.
HDFC Credit Card EMI Conversion Charges
Purchases made with HDFC Credit Card come with the option of payment in installments. Except for fuel, gold and jewellery, purchases worth more than ₹ 10,000 can be converted into EMI. HDFC Credit Card charges EMI Conversion Charges for using HDFC Credit Card EMI Conversion facility. One time EMI Conversion Processing Fee and EMI Conversion Interest Rate (HDFC Credit Card EMI Conversion Interest Rate) is applicable on the amount converted into EMI.
| EMI Conversion Charge | |
| EMI Conversion Processing Fee | EMI Conversion Processing Fee |
| EMI Conversion Processing Fee | EMI Conversion Processing Fee |
| HDFC Credit Card EMI Pre Closure / Cancelation Charges | EMI Conversion Processing Fee |
HDFC Credit Card Loan Processing Fee and Loan Preclosure Charge
| HDFC credit card loan | HDFC credit card loan | HDFC credit card loan |
| HDFC Insta Loan | ₹999+GST | 3% of principal outstanding |
| HDFC Insta Loan | ₹999+GST | 3% of principal outstanding |
| HDFC Insta Loan | ₹499+GST | 3% of principal outstanding |
HDFC Credit Card Charges List- Other Charges and Fees
HDFC Bank Credit Card Interest Rate
Different HDFC Credit Card interest rates (finance charges) apply as per the card type and are as follows:
| Card Variants | Monthly Interest Rate (On Average Daily Due) | Annual Rate (On Average Daily Dues) | |
| Infinia HDFC Bank Credit Card | 1.99% | 23.88% | |
| Infinia Metallic HDFC Bank Credit Card | |||
| Diners Black HDFC Bank Credit Card | |||
| Tata Neu Infinity HDFC Bank Credit Card | 3.49% | 41.88% | |
| Paytm HDFC Bank Credit Card Mobile | 3.75% | 45.00% | |
| Tata Neu Plus HDFC Bank Credit Card | |||
| Secured HDFC Credit Card | 1.99% | 23.88% | |
| All other HDFC credit cards | 3.60% | 43.20% |
HDFC Credit Card Late Payment Fee / Payment Default Charge:
Applicable for all variants except Infinia Metallic Card Outstanding amount
| below ₹100 | Zero |
| For dues ranging from ₹100 to ₹500 | ₹100+GST |
| For dues ranging from ₹501 to ₹5000 | ₹500+GST |
| For dues ranging from ₹5001 to ₹10000 | ₹600+GST |
| For dues ranging from ₹10001 to ₹25000 | ₹800+GST |
| For dues ranging from ₹25000 to ₹50000 | ₹1100+GST |
| For dues above ₹50000 | ₹1300+GST |
How to calculate HDFC Credit Card Minimum Due Amount:
The minimum due amount mentioned in the monthly statement issued for HDFC Credit Card is arrived at/calculated as follows:
Minimum due amount=
5% (Retail Balance + Cash Advance Balance) +
100% monthly finance charges +
100% other charges +
100% Loan EMI +
100% tax
Overdue Interest Charge
Normally the applicable interest rate (finance charge) of HDFC Credit Card is charged for overdue interest.
Late Payment Fee/Payment Default Charge: Late Payment Fee
HDFC Credit Card issues a monthly statement every month on the due billing date. The due date is on the 20th day after the bill is issued. Cardholders are required to pay the total due amount by this due date to avail the interest free period or can pay the minimum due amount. If the cardholder pays the minimum due amount of the bill by the due date, then overdue interest charge on the outstanding amount is charged from the date of transaction.
If the cardholder does not pay even the minimum due amount of the bill or makes payment after the due date, then along with the overdue interest charge, late payment fee / payment default charge (HDFC Credit Card Charges for late payment / Payment Default) is also charged. Which is payable as per the amount outstanding.
