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Credit Card

Credit Cards issued offered by Dhanlaxmi Bank are of two types in the form of Gold Credit Card and Platinum Credit Card. The cards offer attractive discounts and offers on spending done by customers using the card. Let us have a detailed look at each of the credit cards offered by Dhanlaxmi Bank.

Types of Credit Cards

Dhanlaxmi Bank Gold Credit Card

This Dhanlaxmi Bank Credit credit card comes loaded with a lot of features which are enumerated below:
 

  • The card offers 5% cash back on purchases made at supermarkets and departmental stores using the card
  • Availability of emPower, an online financial planning tool which can be used to budget, review and manage the expenses made by the cardholder
  • A free inclusive insurance cover provided in association with ICICI Lombard. The coverage includes Air Accident Insurance of Rs.20 lakhs, Lost Card Liability with 2 days pre-reporting of up to Rs.1 lakh, a Credit Shield payable on death and permanent total disability of up to Rs.1 lakh and Purchase Protection till up to 90 days from purchase of Rs.1 lakh.
  • The bank provides Global Customer assistance in case of any emergency
  • The card has low interest charges
  • There is no joining fee or annual fee charged on the card
  • A free add-on card is also available without any cost and annual fee.
  • The card promises exclusive rewards
  • The card can be registered for verified by VISA service
  • There is an interest fee credit period of 18 days minimum to a maximum of 48 days under the card


Dhanlaxmi Bank Credit Card Eligibility
 

  • The card can be availed by salaried individuals who have a minimum gross annual income of Rs.3 lakhs
  • The card is also available to self-employed individuals if they have a minimum gross annual income of Rs.4 lakhs

Dhanlaxmi Bank Platinum Credit Card

A credit card for premium customers with privileged benefits and offers. the features of the card and the related benefits are mentioned below:
 

  • The card offers platinum privileges across luxury goods, dining out, golf and travel related expenses
  • A unique online concierge facility for customer assistance
  • 5% cash back on movie tickets, supermarkets and department store purchases
  • A free inclusive insurance cover provided in association with ICICI Lombard. The coverage includes Air Accident Insurance of Rs.35 lakhs, Lost Card Liability with 2 days pre-reporting of up to Rs.2 lakhs, a Credit Shield payable on death and permanent total disability of up to Rs.2 lakhs, Purchase Protection till up to 90 days from purchase of Rs.2 lakhs, checked-in baggage insurance of up to Rs.25, 000, loss of travel documents for USD 500, flight miss due to transshipment for USD 300, delay in receipt of checked baggage for international travel for USD 300 if delay is in excess of 12 hours and delay in flight for international travel for USD 250 if the delay is for more than 12 hours
  • The bank provides Global Customer assistance in case of any emergency
  • Availability of emPower, an online financial planning tool which can be used to budget, review and manage the expenses made by the cardholder
  • The card has low interest charges
  • There is no joining fee or annual fee charged on the card
  • A free add-on card is also available without any cost and annual fee.
  • The card can be registered for verified by VISA service
  • There is an interest fee credit period of 20 days minimum to a maximum of 50 days under the card


Dhanlaxmi Bank Credit Card Eligibility
 

  • The card can be availed by salaried and self-employed individuals with a minimum gross annual income of Rs.6 lakhs and above.

Fees and Charges

The fees and charges under both the cards are listed below:
 

Description

Dhanlaxmi Bank Gold Credit Card

Dhanlaxmi Bank Platinum Credit Card

Cash Advance Fee

Rs.400 per transaction

Rs.400 per transaction

Service charges for railway booking

POS – Rs.30 + 2.5%

Online – 1.8%

POS – Rs.30 + 2.5%

Online – 1.8%

Service charges for fuel transactions

Rs.10 or 2.5%

Rs.10 or 2.5%

Late Payment Fee

30% of MAD subject to a minimum of Rs.400 and a maximum of Rs.600

30% of MAD subject to a minimum of Rs.400 and a maximum of Rs.600

Over limit fee

2.5% of the amount exceeding the limit subject to a minimum of Rs.300

2.5% of the amount exceeding the limit subject to a minimum of Rs.300

Reward Redemption Fee

Rs.75

Rs.75

Regular Finance Charges

1.5% per month

2% per month

Cash Advance charge

3% per month

3% per month

Finance Charges for default

3.5% per month

3.5% per month

Cheque Return / Standing Instruction dishonor charges

Rs.400

Rs.400

Card Replacement fee

Rs.300

Rs.300

Reissue of PIN mailer

Rs.100

Rs.100

Sales Slip Retrieval charges

Rs.300

Rs.300

Duplicate Statement generation

Rs.100

Rs.100

EMI processing fee

1% of converting amount subject to a minimum of Rs.200

1% of converting amount subject to a minimum of Rs.200

Outstation cheque collection

Rs.100

Rs.100

Foreign Currency Transaction fee

3.5%

3.5%

Cash limit as a % of total limit

15%

10%

Minimum  amount due

5% of total amount due subject to a minimum of Rs.200

5% of total amount due subject to a minimum of Rs.200

Apply for a Dhanlaxmi Credit Card

Dhanlaxmi Bank Credit Card can be applied online. The online application process is easy and simple and can be completed within few minutes without having the hassle to engage in physical application. Both the variants of the credit cards offered by the bank are available for the online application facility and can be easily applied through our portal.

  • Application Status - When a customer is interested in checking the status of the credit card application, Dhanlaxmi Bank provides an online portal that provides this information.
     
  • Credit card statement – Apart from the paper credit card statement that is sent out to the customer’s registered address every month, credit card holders from Dhanlaxmi Bank can also check these details online. Not only that, the online portal also allows you to view the details of your account before completion of the billing cycle as well.    
     
  • Repayment of the credit card bill – the credit card statement or bill is generated monthly and is dispatched to the customer by post or email. The minimum amount due payable must be paid every month and it is equivalent to 5% of the total amount due payable under the card. The minimum value of this minimum amount payable is Rs.200. This minimum amount or 5% of the total amount due is payable by the customer every month after the credit card bill is received by the cardholder.
     
  • Online payment – customers can pay their credit card bills online through net banking facility provided by the bank.
     
  • Other payment methods – beside the obvious online payment method which can be used to pay the credit card bills or the relevant minimum amount due, one can resort to other payment methods too for paying off the outstanding liability of the card. Cash payments can be made towards the bill by depositing the cash at the bank’s branches or the payment can also be made through a cheque or a demand draft drawn in favor of the bank with the mention of the credit card number and deposited at the bank’s branch. Placing an auto-debit instruction or a Standing Instruction on the savings account can also enable payment towards the credit card bill. ECS payments or payments through NEFT by mentioning the IFS code of the bank and the relevant transaction code can also be used as a means of paying the credit card bill.
     
  • Resolution of billing disputes – in case the cardholder disputes any charges mentioned in his credit card bill, the same should be communicated to the bank within a period of 30 days of receiving the bill failing which the complaint would not be honored.
     
  • Customer Care – Like a majority of private sector banks operating in India, Dhanlaxmi Bank is well known for its highly efficient customer service department. You can call any of the bank’s helpline numbers for assistance or leave a message on the bank’s website to provide feedback or seek important information. Lastly, you can also write directly to bank’s Kerala-based registered office. 
Dhanlaxmi Bank Credit Card
(3.7/5 ) 3 Reviews
Credit CardCredit Card
4/5

Good bank

Dhanlakshmi bank provides very good products and services. I applied for a Dhanlakshmi Gold credit card and the card has good cashback and discount benefits. I am hoping to receive good reward points once I start using my card for making transactions..Read more...

Male Profile Pic
Posted on: Jan 10 , 2017
Credit CardCredit Card
3/5

Gold credit card is very good

I am using the services of Dhanlakshmi and the credit card since 8 months. I could manage my finances really well. The bank has very good cycle of repayments and the interest rates are very low. I also got a insurance cover for free with this credit ..Read more...

Male Profile Pic
Posted on: Jan 10 , 2017
Credit CardCredit Card
4/5

Shopping benefits with my card

I am using Axis Bank Buzz Credit Card and my card has many online shopping benefits. This is a very good credit card for the ones who love to shop online. I got Flipkart vouchers worth Rs 8000 and additionally my card is eligible for 5% discount on F..Read more...

Male Profile Pic
Posted on: Jan 10 , 2017
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