any transaction charges for gold purchased in jewellery outlet with HDFC Millenia Credit cards
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I want to purchase gold worth some amount (example: 49000) with my hdfc millenia credit card in a offical retail jewellery outlet. my credit limit is 1 lakh.
I wil repay entire amount immediately within statement due date. this is not an EMI
Are there any additional transaction charges/finance charges/hidden charges/other charges
do i need to pay anything extra amount other than 49000 (as said taken as example)
[comment added as below DM reply from social media hdfc help handle]
“wish to inform that you can use your credit card to purchase gold jewelry upto the limit available on your credit card without any additional charges. However the same cannot be converted to EMI”
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Some jewellery stores are charging 1% ~ 3% payment gateway fees for purchase of gold coins & bars using CC
pay by UPI otherwise ready to pay for premium of 2-4% above your buy value. Choice is yours.
Recently I did purchased jewellery without any extra cost using CC. So its completely dependent on Jewellery Shop.
if u are going to a branded store there will be no charges, however for local shop min 1.5% extra
this the DM reply from social media hdfc help handle
“wish to inform that you can use your credit card to purchase gold jewelry upto the limit available on your credit card without any additional charges. However the same cannot be converted to EMI”
Why not buy jewellery with a milestone benefit card?
what is the benefit.is milestone benefit card a credit card from hdfc. I only have millenia and I need to spend 50000 to make ltf.
As far as i know there are no additional charges from your credit cards issuer but the jewellery outlet may charge you card processing fees which can vary from 1% to 2% also you can try to negotiate with them that if they charge anything extra than you will not purchase anything.
Also there may be a slight chance that they will not charge anything extra.