HDFC Credit Card Outstanding for moratorium per...

HDFC Credit Card Outstanding for moratorium period .

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Kindly note that the moratorium is a deferment of payment and not a waiver of interest. You are required to pay the minimum amount due or total outstanding along with accrued interest charges on the due date after 31st May 2020.

The link also mentions this as well

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13. How do I avail the credit card moratorium?

To avail the credit card moratorium,
(a) voluntarily defer paying the outstanding during this period i.e. make NIL payment
(b) turn off Auto Pay (in case the same is currently availed) through net banking / mobile banking to avail the benefit of the moratorium and reactivate the same post the end of moratorium period

Will interest be levied for the moratorium period on my credit card outstanding and loan on credit cards?

Yes, interest will be levied as per the contracted rate on the card.  Opting for 3 months moratorium allows you to defer the payment of your credit card dues and loan instalments taken on credit card till 31st May 2020. We encourage customers to make full payments towards the outstanding wherever possible to avoid / minimise levy of interest charges for this period.

Kindly note that the moratorium is a deferment of payment and not a waiver of interest. You are required to pay the minimum amount due or total outstanding along with accrued interest charges on the due date after 31st May 2020

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rahulkothu wrote:

Kindly note that the moratorium is a deferment of payment and not a waiver of interest. You are required to pay the minimum amount due or total outstanding along with accrued interest charges on the due date after 31st May 2020.

The link also mentions this as well

Yes , if one can pay his bill then he/she should pay the full amount , It is like minimum amount paid and keep giving interest on outstanding amount   as we all know credit card interest ratw is huge around 40% or more

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ZitOO wrote:

Yes , if one can pay his bill then he/she should pay the full amount , It is like minimum amount paid and keep giving interest on outstanding amount   as we all know credit card interest ratw is huge around 40% or more

Instead, use apps like snapay or biz paytm or payzapp and pay the full bill.
This will be cheaper and you may also gain some reward points.

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ramadesidime wrote:

Instead, use apps like snapay or biz paytm or payzapp and pay the full bill.
This will be cheaper and you may also gain some reward points.

What these apps will do?

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kirandr221996 wrote:

What these apps will do?

They will transfer money from your credit card to saving account in 2-3 days , charges vary but minimum 2.5% + GST

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