HDFC RECENT CREDIT CARD CHANGES

44°
Deal Newbie
Vaibhav56
Hi,

As we all know HDFC last month, made some changes to its credit cards.

Have one query regarding utility bill payment (mentioned in point 3) not exceeding monthy 50k for avoiding 1% charges.

So, my question, is it that the per transaction amount should not exceed 50k or monthly total of ulitity bill should not be exceed beyond 50k?

Happy to know!!Screenshot20240723-212931

Disclaimer
We are not SEBI/IRDA registered. The information provided herein is for education purposes only. We will not be responsible for any of your profit/loss with this channel's suggestions. Consult your financial advisor before making any decisions.
4 Comments  |  
4 Dimers
  • Sort By
Post Mogul Post Mogul
Link Copied

Fuel - Applied on the total transacted amount

[If you spend less than Rs 15,000 per transaction on fuel, no additional fee will be charged by the bank.
However, if you spend more than Rs 15,000 per transaction on fuel, a 1 percent fee will be charged on the entire amount and capped at Rs 3,000 per transaction]

Utility - Per transaction

[if you spend less than Rs 50,000 per transaction on utilities, no additional charges will be levied.
However, if you spend more than Rs 50,000 per transaction on utilities, a 1 percent fee will be charged on the entire amount and capped at Rs 3,000 per transaction]

Education - Per transaction

Dealama

Also following things to keep in mind

1. Reward Points earned on Utility transactions will be capped at 2000 Reward Points per calendar month.

2. Reward Points earned on Telecom & Cable transactions will be capped at 2000 Reward Points per calendar month.

3. Education payments made through third-party apps like (but not limited to) CRED, Cheq, MobiKwik, and others will NOT earn Reward Points.

However, education payments made directly through college/school websites or their POS machines will earn Reward Points.

4. Wallet loading and Easy EMI transactions will not earn Reward Points.

Note: The Merchant Category Codes (MCC) are set by the network (Visa, MasterCard, Rupay, Diners), not by HDFC Bank.

😧

Deal Newbie Deal Newbie
Link Copied

That means , aggregate of the utility transactions does not matter, even it comes above 50k upon adding up total amount. Only per transaction amount does not exceed 50k?

Deal Cadet Deal Cadet
Link Copied

It is clearly mentioned as per transaction

Deal Cadet Deal Cadet
Link Copied

Please clarify what would happen if I will make payment on redgirrafe through payzapp. How much fees will be charged??

replyuser
Click here to reply
Reply