Features & Benefits of HDFC Credit Card

Some common features of HDFC Bank Credit Card

• Annual fees and renewal fees will vary for each cardholder depending on the card held and will be informed at the time of applying for the card.
• Credit-free period up to 50 days is available. If the cardholder opts for revolving payment, then an interest as low as 1.9% p.m. will be applied on the balance carried forward.
• Cash withdrawal charges at 2.5% of the amount withdrawn with a minimum of Rs. 500 will be collected.
• Limit on the Credit Card will be fixed by HDFC bank based on several criteria and the limit has to be shared among the Add On members as well. The same will be informed to the cardholder at the time of delivering the card.
• If the card is used beyond the limit, 2.5% of the overlimit will be charged for all cards except Infinia.
• A late fee ranging from Rs. 100 to Rs. 750 is applied per statement cycle for the card dues not paid in accordance to the due date.

Benefits

HDFC Credit Cards are the most popular cards among each segment of users because of the following reasons:

• Instant approval on applying for the card online.
• It can be automatically set to pay recurring bills like phone, electricity, and water bills.
• It has the best 'buy now and pay later' option. You also get a grace period up to 50 days from the date of purchase. During the grace period, interest will not be charged on the outstanding amount.
• You will earn reward points for every purchase with the card which can be redeemed for exciting gifts and vouchers.
• The Applicant can easily apply for HDFC Jumbo Instant Loan.
• With selected offline and online merchants, HDFC offers a host of cash back and discounts.
• The Credit Card statement gives an item wise list of expenditures made on the Credit Card, which helps you keep track of your expenses.