Revisions to Your HDFC Bank Credit Card Terms Effective August 1st , 2024

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Vishalraj9196
Important upadate  Credit Card. EffectiveAugust 1st , 2024, the following revision to your HDFC Bank Credit card charges will apply. IMG20240626000713834

1. Rental Transactions:

If you use services like (but not limited to) CRED, PayTM, Cheq, MobiKwik, Freecharge, and others to pay rent, a 1% fee will be charged on the transaction amount and capped at ₹3000 per transaction.

Category.          Merchant Category Codes (MCC)
Rent 6513
2. Fuel Transactions:

If you spend less than ₹ 15000  per transaction on fuel, no additional fee will be charged. However, if you spend more than ₹ 15000  per transaction on fuel, a 1% fee will be charged on the entire amount and capped at ₹3000 per transaction.

Category.           Merchant Category Codes (MCC)
Fuel 1361,5172,5541,5542,5983,9752
3. Utility Transactions:

If you spend less than ₹ 50000 per transaction on Utilities, no additional fee will be charged. However, if you spend more than ₹50000  per transaction on utilities, a 1% fee will be charged on the entire amount and capped at ₹3000 per transaction.

Category.           Merchant Category Codes (MCC)
Utility 4900
Insurance transactions will  not be considered as Utility transactions and hence no charge will be applicable.

4. Educational Transactions:

If you make education payments through college/school websites or their POS machines, there will be no fees. International education payments are excluded from this charge. However, on education payments through third-party apps like (but not limited to) CRED, PayTM, Cheq, MobiKwik and others, a 1% fee will be charged and capped at ₹3000 per transaction.

Category.           Merchant Category Codes (MCC)
Education 8211,8220,8241,8244,8249,8299
5. Late Payment:

Our late payment fee structure has been revised as follows:

Outstanding Amount Slab Revised Charges
<= ₹ 100 Nil
₹ 101 - 500 ₹ 100
₹ 501 - 1000 ₹ 500
₹ 1001 - 5000 ₹ 600
₹ 5001 - 10000 ₹ 750
₹ 10001 - 25000 ₹ 900
₹ 25001 - 50000 ₹ 1,100
> ₹ 50000 ₹ 1,300
6. Rewards Redemption towards Statement Credit:

If you redeem your rewards towards statement credit (CashBack), a ₹50 redemption fee will be charged.

7. Finance Charges:

Finance charges of 3.75% (per month) will be applicable from the transaction date till the balance is paid in full for all transactions. Applicable to all retail & cash transactions.

8. Easy-EMI Processing Fee: 

If you avail the Easy-EMI option at any online / offline store, EMI processing fee of up to ₹299 will be charged.

All fees are subject to GST as per government regulations.



The Merchant Category codes are defined by the network (Visa, Master Card, Rupay, Diners). HDFC Bank does not define the merchant category.



For more details, kindly refer to MITC <link>



If you have any questions or need further information, please contact our customer service team or visit your nearest HDFC Bank branch.





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.
Top Comments
Helpful Helpful
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Charges, charges, everywhere.

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Helpful Helpful
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Charges, charges, everywhere.

Commentator Commentator
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Yaa very good for All Credit Card holders
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Helpful Helpful
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I hate redemptn charges

Finance Mentor Finance Mentor
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yes, give some then take away a bit of it... feels sick!
Finance Mentor Finance Mentor
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For me, point6. 50 statement cashback charges shall hurt, nothing else...

Wildfire Wildfire
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Does that mean, every cashback redemption will attract 50 rupees charge?

Then this too worst pensive

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Deal Cadet Deal Cadet
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Is this applicable for all HDFC credit card including millennia?

Finance Mentor Finance Mentor
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I think so...
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Commentator Commentator
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It's alright. They are mostly trying to stop commercial transactions and money rotation. Can't fault them there.

Deal Subedar Deal Subedar
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Because of money rotation banks are forced to take such steps.... People exploit the points system so much.....

Deal Newbie Deal Newbie
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pdf link ?

Deal Subedar Deal Subedar
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Utility pe Per month ka capping hai kya 50k ka?

Deal Captain Deal Captain
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Add this for Tata Neu Card



Important Update: Changes to NeuCoins Earned on UPI Transactions.Dear Valued Cardholder,Greetings from HDFC Bank!We want to inform you about an upcoming change to your Tata Neu Infinity HDFC Bank Credit Card (ending in xx9536) regarding NeuCoins earned on UPI transactions.New Changes Effective from 01-08-2024:1.5 % back as NeuCoins on eligible UPI transactions made using your Tata Neu UPI ID.0.50 % back as NeuCoins on other eligible UPI ID transactions.Total NeuCoins earned on eligible UPI transactions capped to 500 NeuCoins per calendar month.Please Note: NeuCoins earned before 01-08-2024 are secure and will not be affected.For more details, please click here.Thank you for your attention to this update and for being a valued HDFC Bank customer.Warm Regards, HDFC Bank

Savings Mentor Savings Mentor
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"If you redeem your rewards towards statement credit (CashBack), a ₹50 redemption fee will be charged"

So Millennia is now officially worse than Amazon Pay ICICI, Flipkart Axis and their own HDFC Swiggy. And of course SBI Cashback is far superior.

Spearhead Spearhead
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I am only having millennia from HDFC and didn't receive either this email or SMS

Deal Cadet Deal Cadet
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I also have Milennia and got the email

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Deal Newbie Deal Newbie
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I still didn't receive this email.. wondering why?

Deal Newbie Deal Newbie
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Anybody cn guide how can I pull cash from credit card with any charges or like transferring credit to Cash in account

Deal Cadet Deal Cadet
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.
Deal Captain Deal Captain
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So if I do fuel for 2000rs and all no extra charges will come?

Deal Cadet Deal Cadet
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Is Easy Emi different from the no cost emi we do on Flipkart/emi (where it was charging ₹199+GST) ?

replyuser
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