HDFC Bank, one of India’s famous banks, offers its customers a wide variety of credit products.HDFC Bank is a name to be reckoned with in the credit market with favorable interest rates on loans and credit cards.
Customers will benefit from various advantages of tailor-made HDFC Bank.
Credit cards are based on various needs.
The needs are enough for everybody, and depending on the lifestyle, it could vary for each of us. HDFC Bank offers different credit cards in the following categories to clearly recognise the customer’s spending habits:
- Shopping Card
- Cashback Card
- Rewards Card
- Travel Card
- Life Time Free Card
- Business Card
- Lifestyle Card
- Entertainment Card
You may select the one that fits your preferences and spending behaviour from the above mentioned credit cards. With deals and incentives offered in each category, you can save a huge amount.
KEY HIGHLIGHTS OF HDFC BANK CREDIT CARD ELIGIBILITY
| Age | 21 to 65 |
| Income Requirement | Minimum of INR 18,000 per month |
| Employment | Salaried or Self-Employed |
| Interest Free Period | Up to fifty days |
| ATM Cash Withdrawal Charges | 2.5% of amount withdrawn or INR 300 |
HDFC BANK CREDIT CARD ELIGIBILITY FACTORS
The following eligibility requirements must be met for individuals who choose to apply for an HDFC Bank credit card:
Age Criteria: You must fall under the age limit set by the bank to qualify for an HDFC Bank credit card. The applicant should have a minimum age of 21 and a maximum age of 65.Anyone who falls under this age limit can apply to HDFC Bank for a credit card.
Income Criteria: In order to use an HDFC Bank credit card, you must have a monthly income. According to the card’s features and requirements, the income parameters vary. INR 18,000 per month is the minimum income needed to get a standard HDFC Bank credit card.
In order to use a credit card from HDFC Bank, the client should provide evidence of a steady stream of income. You can be either an employee working in an existing business or a self-employed professional operating your own company.
Nationality: The applicant should be a resident of India or Non-Resident Indian.
FACTORS AFFECTING CREDIT CARD ELIGIBILITY CRITERIA
When applying for an HDFC Bank credit card, the applicant must verify the following items:
Income of the Applicant: When applying for a credit card, your salary plays an important part. This is the bank’s proof that you will be able to pay your credit card bill.
For a fixed deposit, you can also get an HDFC Bank credit card.
Age of the Applicant: It becomes a big responsibility to use a credit card. After a certain number of years, a person only gets a steady stream of income. Therefore, in giving a credit card, the banks are certain about age requirements as they expect a proper payment every month.
Credit History of the Applicant: Credit history is a straightforward demonstration of how a person handles his / her credit-related activities. For offering a credit card, a strong credit history is strongly desired by the lender.
Nationality Criteria of the Applicant: The applicant should be a resident of India or Non-Resident Indian.
HOW TO APPLY FOR HDFC BANK CREDIT CARD?
The process is easy if you want to apply for an HDFC Bank credit card, and you can follow the steps given below to get it:
CREDIT CARD APPLICATION ONLINE FOR NEW CUSTOMERS
- You can visit the ‘Credit Cards’ page on the official website of HDFC Bank.
- Enter your personal and contact details.
- After the verification, a representative from the bank will get in touch with and ask guide you through the process.
- To get an HDFC Bank credit card, you will have to submit KYC documents and income evidence.
- To apply for a credit card, you can also visit the nearest HDFC Bank branch.
CREDIT CARD APPLICATION ONLINE FOR EXISTING CUSTOMERS
- Visit the ‘Credit Cards’ page on the official website of HDFC Bank.
- You will have to enter your customer ID and mobile number for net banking.
- You may directly apply for a credit card online.
- To apply for a credit card, you can also visit a nearby HDFC Bank branch.
DOCUMENTS REQUIRED TO APPLY FOR A HDFC BANK CREDIT CARD
You need to request the following documents to apply for an HDFC Bank credit card:
- Address proof: Passport/ Driving Licence/ Voters ID etc.
- Identity proof: Bank Statement/ Voter Id/ Driving Licence/ Pension Book etc.
- Income Proof: Bank Statement/ Pay Slip/ Income Tax return.
- Pan Card.
- Passport size photo.
INTEREST-FREE CREDIT PERIOD ON HDFC BANK CREDIT CARD
HDFC bank cardholder can get up to 50 days of interest-free credit duration, but it is subject to change according to the scheme and card. If the previous month’s balance is not cleared in full on or before the due date, you will not get an interest-free period. Similarly, the interest-free duration for withdrawing cash from the ATM does not apply.
FEES AND CHARGES ON HDFC BANK CREDIT CARD
Annual Membership Fee: As defined by the bank, the cardholder would have to pay the annual membership fee for primary and add-on cards. The fees can vary according to the schemes for different cards. Annual payments shall not be refunded to the cardholder at the time of credit card closing.
Cash Advance Fees: The cardholder can use a credit card at any time to withdraw cash from ATMs in India and abroad. A fee of 2.5% of the amount withdrawn, or INR 300, will be paid for each transaction and will be added to the next monthly bill. Unlike other payments, ATM transactions do not have an interest-free duration.
Late Payment Charges: Late payment charges are applicable if minimum amount due is not paid on or before the due date. Following are the late payment charges applicable
| Less than INR 100 | Nil |
| INR 100 to INR 500 | INR 100 |
| INR 500.01 to INR 5000 | INR 400 |
| INR 5000.01 to INR 10,000 | INR 500 |
| INR 10,000.01 and above | INR 700 |
HOW TO INCREASE HDFC BANK CREDIT CARD LIMIT?
The bank shall, at its absolute discretion, decide the credit limit for HDFC Bank credit cards. At the time of card delivery, the available credit limit is conveyed to the cardholder.
The customer wishing to raise the credit limit can write to the bank asking for the credit limit to be increased. The cardholder has to submit financial records such as pay slip, bank statement, income tax returns, etc. when applying for the raise. The credit limit increase shall, however, be calculated at the sole discretion of the bank.
HDFC BANK CREDIT CARD CUSTOMER CARE
By calling the following numbers, you can contact the HDFC Bank credit card customer support service 24X7:
You can dial 1800 425 4332 toll-free from your cell phone and from your landlines in India.
How to Pay HDFC Bank Credit Card Bill?
To pay your HDFC Bank credit card bills, you can use the methods below:
HDFC Bank Account Holders: To make your credit card payments electronically, you can register for a net banking facility with the bank. You should request a written standing instruction following registration to automatically debit a pre-determined amount from your account. This will help you pay the bills on time and keep interest on late payment from being paid.
ALL CUSTOMERS
NEFT: By using the NEFT facility, you can pay your credit card bill from any other bank account. In various banks, the instructions may differ slightly, but in most cases, to make the payment via NEFT, you need to add your credit card number as the payee account number. Any payments made on a weekday during working hours are credited on the same day, while the payments made on the next business day are credited after working hours.
Bill Desk: The web page of the HDFC Bank Bill Desk that is set up to pay your credit card bills can be used. Fill out the information needed, which also includes the number of the credit card and the amount of the payment. To complete the credit card bill payment, the customers are then directed to HDFC Bank’s net banking portal. After a successful transaction, customers will receive an online transaction confirmation, as well as a transaction reference number.
Cash payment: By paying in cash at any of the branches closest to you, you can pay your HDFC Bank credit card bills. When you pay your credit card bill, a processing fee per payment will be paid by the bank.
Cheque payment: If you want to use cheques to cover your credit card bills, then you can do so in the same way as by paying cash for your credit card bills. You may also drop cheques at the bank ATMs where drop boxes are available for this reason, showing your credit card number and other necessary information. You will be cleared of the payment within 3 working days.
