Revisions to HDFC Bank Credit Card terms from August 1: Know new charges, late payment fees

A 1% fee will be charged on the transaction amount, and is capped at Rs 3,000 per transaction for all third party apps and services like (but not limited to) CRED, PayTM, Cheq, MobiKwik, Freecharge, and others to pay rent.

2) Fuel Transactions:

If you spend more than Rs 15,000 per transaction on fuel, a 1% fee will be charged on the entire amount and limited to Rs 3,000 per transaction.

3) Utility Transactions:

If you spend more than Rs 50,000 per transaction on utilities, a 1% fee will be charged on the entire amount and limited to Rs 3,000 per transaction. No charge will be applicable on insurance transactions as these will not be considered as utility transactions.

4) Educational Transactions:

On education payments through third-party apps and services like (but not limited to) CRED, PayTM, Cheq, MobiKwik and others, a 1% fee will be charged and limited to Rs 3,000 rupees per transaction. There will be no fees if you make education payments through college/school websites or their POS machines. International education payments are excluded from this charge.

Some other key changes include:

1) International / Cross Currency Transactions:

A 3.5% markup fee will be applicable for an international / cross currency transaction.

2) Rewards Redemption towards Statement Credit:

A Rs 50 redemption fee will be charged if you redeem your rewards towards statement credit (CashBack)

8. Finance Charges:

Finance charges of 3.75% (per month) will be applicable from the transaction date till the outstanding balance is paid in full if you avail of the revolving credit facility & choose to pay an amount less than the total amount due reflected in the monthly billing statement. Applicable to all retail & cash transactions.

9. Processing fee for Easy-EMI:

EMI processing fee of up to Rs 299 will be charged if the Easy-EMI option is used at any online / offline store.

Late payment fee structure has been revised as follows:

From the homepage

SC on amended Waqf Act: What has been stayed, what remains

Congress seeks 70 seats in Bihar, of these 27 are ‘good’ by its yardstick

‘Despite pleading, she purposely took us to a small hospital far away’: Wife of Finance Ministry officer killed in BMW accident to cops; driver arrested