HDFC Bank has announced important updates to terms and charges for its credit card holders, effective from August 1, 2024. These changes affect almost every HDFC Bank credit card, marking a significant shift in their terms.

Let’s explore all the upcoming changes that will affect HDFC Bank credit cards in detail.

Reward Redemption Charges

If you redeem your rewards for statement credit (CashBack), there will be a fee of Rs 50. This fee does not apply to Infinia, Infinia (Metal Edition), Diners Black, Diners Black (Metal Edition), BizBlack Metal, Swiggy HDFC Bank, and Flipkart Wholesale cards.

Also, if you want to save Rs 50 on your rewards for statement credit, then redeem the remaining reward points before August 1, 2024.

Charge on Fuel Transactions

For Consumer Cards: If you spend under Rs 15,000 per transaction on fuel, there’s no additional fee. But if you spend more than Rs 15,000, a 1% fee applies on the entire amount, capped at Rs 3000 per transaction.

For Business Cards: If you spend less than Rs 30,000 per transaction on fuel, no additional fee will be charged. However, spending more than Rs 30,000 incurs a 1% fee on the total amount, capped at Rs 3000 per transaction.

Rental Transaction Charges

When you use services such as CRED, PayTM, Cheq, MobiKwik, Freecharge, and similar platforms to pay rent, there will be a 1% fee on the transaction amount, with a maximum cap of Rs 3000 per transaction.

International/Cross Currency Transactions

For international or cross-currency transactions, a 3.5% markup fee will be charged.

However, for specific cards like Infinia, Diners Black, Biz Black Metal, and others such as Regalia Gold and Tata Neu Infinity HDFC Bank, the markup fee remains lower at 2%.

For the 6E Rewards Indigo XL card, the markup fee is set at 2.5%.

Late Payment Charges

HDFC Bank has updated its late payment fee structure and new charges based on the outstanding amount are as follows:

Outstanding Amount Slab	Revised Charges
< = Rs 100	Nil
Rs 101 – Rs 500	Rs 100
Rs 501 – Rs 1000	Rs 500
Rs 1001 – Rs 5000	Rs 600
Rs 5001 – Rs 10000	Rs 750
Rs 10001 – Rs 25000	Rs 900
Rs 25001 – Rs 50000	Rs 1100
More Than Rs 50000	Rs 1300

Educational Transaction Charges

When you pay for education through college/school websites or their POS machines, there are no fees, except for international education payments.

However, if you use third-party apps such as CRED, PayTM, Cheq, MobiKwik, and similar services, there will be a 1% fee per transaction, capped at Rs 3000.

Utility Transaction Charges

For Consumer Cards: If you spend under Rs 50,000 per transaction on utilities, there’s no extra fee. But if you spend more than Rs 50,000, a 1% fee applies on the entire amount, capped at Rs 3000 per transaction.

For Business Cards: If you spend less than Rs 75,000 per transaction on utilities, no additional fee will be charged. However, spending more than Rs 75,000 incurs a 1% fee on the total amount, capped at Rs 3000 per transaction.

Insurance transactions are not considered utility transactions, so no additional charges will apply to them.

Also Read: Citibank Credit Cards To Be Replaced By Axis Bank Cards: What Customers Should Know

Easy-EMI Processing Fee

If you choose the Easy-EMI option at any online or offline store, you will incur an EMI processing fee of up to Rs 299.

Finance Charges

If you use the revolving credit facility and decide to pay less than the total amount due shown in your monthly billing statement, a finance charge of 3.75% per month will apply from the transaction date until the outstanding balance is completely paid off. This applies to all retail and cash transactions.

However, for Infinia, Infinia (Metal Edition), Diners Black, Diners Black (Metal Edition), and BizBlack Metal cards, the finance charge remains lower at 1.99% per month.

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