HDFC Credit Card | Nice Security Option - Set N...

HDFC Credit Card | Nice Security Option - Set Net Limit & Sub Limit Of Card | Will surely help to reduce high value frauds

Score: 3 Votes: 3
Score: 3 Votes: 3
Score: 3 Votes: 3
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Deal Subedar
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I think this is best option for security purpose. Will help much to avoid high value frauds..

Example : If user is having credit limit of 10 Lacs, he can fix limit of 30-50K, as per our regular requirement. This can be done through netbanking itself. And as and when required, user can withdraw sublimit / net limit through net banking and get transaction done.

User can set their own sub limit:

“Credit Sub limit” means the total credit limit than can be utilized on your credit cards as per the defined frequency.
“Credit Limit per transaction” means the maximum amount that can be spent on an individual transaction.
If the existing daily or transaction limit is zero, then the full credit limit is available for usage.

User can set their own net limit:

The “Limit Per Transaction” means the maximum amount than can be spent on your credit card on an individual transaction.
The “Daily Net Limit” means the maximum amount that can be spent on your credit card on a daily basis.
If the existing daily or transaction limit is zero, then the full credit limit is available for usage.

Long back I asked SCB for similar option, but it was not possible during those days. If same option is available with other cards too, then please inform..

6 Comments  |  
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I wish Citibank India would launch this feature. They do not even allow to set limits for the add on cards! https://cdn2.desidime.com/assets/textile-editor/icon_evil.gif

CC @A2Zdeals @disclaimer

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Yes, I use this feature. Can be very helpful if case of a fraud. Also, HDFC CC is damn fast. Today I initiated a payment on massdrop and got a call from CC within 30 sec to confirm the payment was done by me. They always do that in case of a international payment.

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Deal Subedar
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@thrifty_indian wrote:

Yes, I use this feature. Can be very helpful if case of a fraud. Also, HDFC CC is damn fast. Today I initiated a payment on massdrop and got a call from CC within 30 sec to confirm the payment was done by me. They always do that in case of a international payment.


OFFTOPIC:what is massdrop and What did you buy?

Stupendous man
Deal Captain
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@sagardrokr wrote:

@thrifty_indian wrote:

Yes, I use this feature. Can be very helpful if case of a fraud. Also, HDFC CC is damn fast. Today I initiated a payment on massdrop and got a call from CC within 30 sec to confirm the payment was done by me. They always do that in case of a international payment.


OFFTOPIC:what is massdrop and What did you buy?

https://www.massdrop.com/buy/centrance-dacport-...

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Deal Subedar
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now, one can even block/limit international usage of their hdfc credit card

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Deal Newbie
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International usage limit/blocking option has been in existence for atleast 2 years now. But if you disable it you can’t generate netsafe cards.

Some banks do have this daily limit and per transaction limit for netbanking.

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