There are going to be changes in these rules

1. HDFC Bank credit card holders will have to pay 1% charge as transaction fee if they pay their rent through third party apps like Cred, Cheq, MobiKwik, Freecharge. This charge can be up to a maximum of Rs 3,000 per transaction.

2. Apart from rent payment, the bank has also changed the charges for fuel transactions. Now customers will not have to pay any extra charge on fuel transactions less than Rs 15,000. On the other hand, for a fee of more than Rs 15,000, you will have to pay 1 percent charge on the transaction, but the maximum limit of the fee can be up to Rs 3,000.

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3. The bank has also made changes in the utility transaction charges. Customers will not have to pay any service charge on utility bills up to Rs 50,000. On transactions above Rs 50,000, you will have to pay a fee of 1% per transaction, the limit of which can be up to Rs 3000.

4. Customers will have to pay 3.5% mark up charge on international currency transactions.

5. The bank will charge zero service charge on direct payment of school and college fees. On the other hand, on using third party apps like Cred, Cheq, MobiKwik, Freecharge, customers will have to pay a fee of 1 percent per transaction or up to a maximum of Rs 3,000. Payments to international schools and colleges are not included in this.

5. If you fail to make the credit card payment on time, you will have to pay a penalty ranging from Rs 100 to Rs 1300. The penalty amount will depend on the outstanding amount.

6. The bank has changed the EMI processing fee of its credit card. If you process EMI through HDFC credit card after shopping from any website, then you will have to pay a fee of Rs 299 as processing charge for this. Along with this, customers will also have to pay GST in addition to these charges.

New rules will come into effect from August 1

HDFC Bank has informed on its official website that all the changes in the credit card rules will be implemented from August 1, 2024.

The post HDFC Bank new credit card rules will be effective from august 1st- 2024, Know details of changes first appeared on Rightsofemployees.com.

Crores of customers have got another blow from the bank after increasing the loan interest rate in the past. The new credit card charges are expected to be effective from the new year. Some customers have also received messages related to this.

There will be a change from January 1, 2023.

It has been told in the SMS that reached the customers that the fee structure of some credit cards will change from January 1, 2023. The bank has revised the fee structure for paying rent through third-party merchants. According to the information given on the official website, 1 percent of the total amount of the transaction will be charged as a fee for such payment. This fee will be taken from the rental transaction of the second month.

1 percent conversion fee will have to be paid, apart from this, changes have also been made in the ‘Reward Point System’ and International Transaction Charge on the bank side. If you do any transaction in Indian Rupee (INR) at an international location, then you will have to pay 1 percent conversion fee. If the merchant registered in any other country is in India, then this fee will also be applicable on that transaction.

Changes in Reward Point System as well Changes have also been made in the Reward Point System of Credit Cards by HDFC Bank. For example, an Infinia cardholder can redeem up to 1.5 lakh points every month on HDFC’s reward point portal SmartBuy. Whereas, Diners Black cardholders can redeem up to 75,000 points every month.

Similarly, Infinia card holders can redeem a maximum of 50,000 points every month on Tanishq vouchers. 3000 points can be redeemed every month on Millennia, Pharmeasy, Bharat and Paytm cards. This change will be applicable from 1 February.

The post HDFC Bank Credit Card Charges: Big News! After increasing the interest rate, now this service has also become expensive first appeared on Rightsofemployees.com.