any transaction charges for gold purchased in jewellery outlet with HDFC Millenia Credit cards

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Last Comment 2022-02-03

2022-02-02

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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https://www.desidime.com/discussions/any-transaction-charges-for-gold-purchased-in-jewellery-outlet-with-hdfc-millenia-credit-cards?page=1#post_8243390

rahulsoni0706846

2022-02-02

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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.

https://www.desidime.com/discussions/any-transaction-charges-for-gold-purchased-in-jewellery-outlet-with-hdfc-millenia-credit-cards?page=1#post_8243504

budweiser

2022-02-02

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Some jewellery stores are charging 1% ~ 3% payment gateway fees for purchase of gold coins & bars using CC

https://www.desidime.com/discussions/any-transaction-charges-for-gold-purchased-in-jewellery-outlet-with-hdfc-millenia-credit-cards?page=1#post_8243512

bhopali91355

2022-02-02

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pay by UPI otherwise ready to pay for premium of 2-4% above your buy value. Choice is yours.

https://www.desidime.com/discussions/any-transaction-charges-for-gold-purchased-in-jewellery-outlet-with-hdfc-millenia-credit-cards?page=1#post_8243514

navkr

2022-02-02

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Recently I did purchased jewellery without any extra cost using CC. So its completely dependent on Jewellery Shop.

https://www.desidime.com/discussions/any-transaction-charges-for-gold-purchased-in-jewellery-outlet-with-hdfc-millenia-credit-cards?page=1#post_8243549

karanoshan

2022-02-02

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if u are going to a branded store there will be no charges, however for local shop min 1.5% extra

https://www.desidime.com/discussions/any-transaction-charges-for-gold-purchased-in-jewellery-outlet-with-hdfc-millenia-credit-cards?page=1#post_8245049

seeker9898

2022-02-03

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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”

https://www.desidime.com/discussions/any-transaction-charges-for-gold-purchased-in-jewellery-outlet-with-hdfc-millenia-credit-cards?page=1#post_8245059

mihir2812711

2022-02-03

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Why not buy jewellery with a milestone benefit card?

https://www.desidime.com/discussions/any-transaction-charges-for-gold-purchased-in-jewellery-outlet-with-hdfc-millenia-credit-cards?page=1#post_8247188

seeker9898

2022-02-03

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mihir2812711 wrote:
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.

https://www.desidime.com/discussions/any-transaction-charges-for-gold-purchased-in-jewellery-outlet-with-hdfc-millenia-credit-cards?page=1#post_8247212

sujith8786

2022-02-03

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Ask beforehand to the shop cashier..so u don’t end up paying premium..
Or
If the 49k jewelry consists of multiple items.. just buy the minimum value jewelry first and wait for the amount to reflect in your cc unbilled amount..if it’s Same as bill amount u may proceed with the rest of the purchase..