HDFC Credit Card Fees & Charges

HDFC credit card interest rate is applicable, in case you do not pay the full outstanding amount by the due date. Also, called as finance charge, this fee is applicable in case of cash withdrawals, partial bill payment, carrying forward the outstanding amount in the next billing cycle, and missed payments. The interest rate for HDFC credit cards generally ranges from 23.88% to 43.2% per annum, and may vary from one credit card to another. The finance charges for some top HDFC credit cards are listed as follows:

The annual or renewal fee on HDFC credit cards may vary from one credit card to another. The fee is lower for entry level cards, and higher for premium category cards. This fee is added to the credit card account on card issuance  (as joining fee) and on completing the card anniversary year (as renewal or annual fee). The fee is applied once a year and reflects in the account statement, when charged. Most cards also come along annual fee waiver conditions, on spending the minimum spending value.

Forex markup fee or foreign transaction fee is applicable on international payments with a credit card. The fee is applicable on retail transactions outside India, online transactions in foreign currency, overseas ATM cash withdrawals, domestic transaction on POS linked to overseas account such as at Duty Free shops. This fee is charged by the bank,  for converting denominations.

Usually, HDFC credit cards come along a foreign exchange markup fee of 3.5% of the transaction value. Some cards,however, offer a low forex markup rate than 3.5%, as listed below:

The late payment charges on your HDFC credit card are charged, when you fail to pay even the minimum amount  by the due date. This fee is a flat amount, charged as per the outstanding balance.

HDFC balance transfer charges are implied, when you transfer your outstanding credit card bill from other credit card to your new or existing HDFC credit card. The  processing fee for balance transfer to HDFC credit cards is 1% of the Balance Transfer amount or Rs. 250, whichever is higher. The balance transfer interest rate is decided by the bank as per internal policies.

The overlimit fee on HDFC credit cards is charged if you spend more than the credit limit assigned to your credit card. The applicable over limit fee on HDFC cards is, 2.5% of the overlimit amount, subject to a minimum of Rs. 550. Note that, this fee is not applicable on HDFC Bank Infinia (metal addition). Additionally, the over limit facility is not offered on the Paytm HDFC Bank Digital Credit Card, thus the charges are not applicable. 

Note: GST @18% is applicable on all fees, interest and other credit card charges.

What is HDFC credit card annual fee?
The annual fee on your HDFC credit card, may vary from one credit card to another. The fee may range from Rs. 500 to up to Rs. 12,500 or more. Annual fee may be Nil in case a credit card is offered to you under the ‘lifetime free’ offer.

What is the processing fee in HDFC credit card?
The processing for HDFC credit cards may vary, depending upon the credit facility availed. The processing fee for Insta Loan, Jumbo Loan and Smart EMI on your HDFC credit card is Rs. 999+GST. However, for balance transfer on EMI, the fee is 1% of loan amount or Rs. 250, whichever is higher.

Are finance charges applicable even if the minimum payment due on my HDFC Bank Credit card is cleared?
If you clear the minimum payment due on a credit card, you are exempted from paying the late payment fee. However, the interest charges will be applicable on the outstanding balance amount.

What is the HDFC credit card interest rate?
The interest rate for HDFC credit cards generally ranges from 23.88% to 43.2% per annum. It is applicable on your credit card purchases, when you carry forward any outstanding amount, withdraw cash or miss a payment. In such situations, credit card interest rate is calculated on a daily reducing balance method on the amount carried forward and to fresh transactions as well.