look news india
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 are given complete information about what changes will be made in the rules of HDFC Bank credit card.
rental transaction
Customers using CRED, Cheq, MobiKwik, Freecharge and other such services for fare payments will be charged 1% on the transaction amount, limited to ₹ 3000 per transaction.
Fuel Transactions
Transactions below ₹15,000 per transaction will not attract any additional charges. However, transactions above ₹15,000 will attract a 1% fee on the entire amount, capped at ₹3,000 per transaction.
Utility Transactions
Transactions below Rs 50,000 will attract a fee of 1% on the entire amount, limited to Rs 3000 per transaction.
It is important to note that insurance transactions are exempt from this charge.
Educational Transactions
There will be no charges for payments made directly through the college or school website or their POS machines.
However, transactions done through third-party apps like CRED, Cheq, MobiKwik and others will attract a 1% fee, limited to ₹3000 per transaction.
International educational payments are excluded from this fee.
International/Cross Currency Transactions
A 3.5% markup fee will apply to all international or cross currency transactions.
Late Payment Fees
The late payment fee structure has been increased from ₹100 to ₹1,300 depending on the outstanding amount.
EMI Processing Fee
An EMI processing fee of up to ₹299 will be applicable on availing the Easy-EMI option at any online or offline store. All charges mentioned above are subject to GST as per government regulations, HDFC Bank said.
Other Changes
In addition, HDFC Bank will implement the change in its Tata New Infinity and Tata New 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 the Tata New UPI ID.
