HDFC Bank Credit Card Charges – Complete Guide & Fees Explained

Key Takeaways
 

• The bank charges you 2.5% of the withdrawal amount or a minimum fee of ₹500 for cash withdrawals.
   
• The bank adds penalty charges ranging from ₹600 to ₹1,300 when you miss payments.
   
• SmartEMI offers interest rates that are significantly lower than those for regular card usage.
   

Credit cards streamline shopping and payment processes for consumers. However, cardholders must understand the associated fees and charges.

Meet Rahul, a young professional working in Mumbai. He recently acquired his first HDFC Bank Credit Card. Rahul eagerly started using his new card for transactions. Unfortunately, he neglected to review the charge structure thoroughly. During his first billing cycle, he withdrew ₹10,000 cash. He also missed his ₹8,000 payment deadline inadvertently. Rahul experienced sticker shock upon reviewing his monthly statement. He incurred ₹500 for a cash withdrawal and a ₹750 late fee. The additional charges totalled ₹1,250 within a single month. He regretted not familiarising himself with the costs earlier.

Avoid repeating Rahul's costly mistake with card charges. This comprehensive guide clarifies all HDFC Bank Credit Card charges.

HDFC Bank Credit Card Joining and Annual Charges

Thinking about getting an HDFC Bank Credit Card? Start by checking the joining and annual fees. This helps you understand the real value and avoid any hidden costs.

Here is the list of the HDFC Bank Credit Card charges:
 

Understanding these charges helps you choose the right card. Compare different HDFC Bank Credit Card options before deciding.

HDFC Bank Credit Card Interest Rate Charges

HDFC Bank Credit Card charges interest rates up to 3.4% monthly. The bank may adjust the interest rate based on some factors. Your relationship with the bank affects the rate charged. The usage of the card also influences interest rates.

You can opt for SmartEMI on your credit card. This option helps if you make large purchases. SmartEMI converts your outstanding into an EMI scheme. You can repay it in pocket-friendly instalments. The interest rates on SmartEMIs are much lower.

HDFC Bank Credit Card Cash Withdrawal Charges

Cash Withdrawal Fee Structure

Every cash withdrawal transaction comes with a fee. The fee amount appears in the following month's statement. HDFC Bank charges 2.5% on the withdrawn amount. The minimum fee charged is ₹500. The bank levies whichever amount is higher.

Example Calculations

Withdrawing ₹40,000 with your HDFC Bank Credit Card costs ₹1,000. This fee is calculated at 2.5% of the amount. Withdrawing ₹5,000 will cost you a ₹500 fee. You pay the minimum fee for smaller withdrawals.

Important Points

Keep in mind this fee is at the bank's prudence. HDFC Bank Credit Card withdrawal charges may change anytime. The bank applies charges from the withdrawal date. Charges continue until you settle the payment completely.

HDFC Bank Credit Card Late Payment Charges

The bank charges fees for no payment or delayed payment:

These new charges are effective from 1st October 2025. Always pay your HDFC Bank Credit Card bills on time. Timely payments help you avoid late charges on the HDFC Bank Credit Card.

Bonus Tip: Set payment reminders on your phone three days early. This simple habit saves you from paying late fees.

HDFC Bank Credit Card Overlimit Charges

HDFC Bank Credit Card charges 2.5% on the overlimit amount. The minimum fee charged is always ₹500. You pay whichever amount is higher between the two. The fee applies only if you opt for the overlimit facility. Your balance going beyond the limit incurs this fee. The charges are based on the excess amount only.

HDFC Bank Credit Card Other Charges

Foreign Transaction Fee

You can use your card for international transactions. This attracts a foreign transaction fee on purchases. The fee varies depending on your card type. It usually ranges from 2% to 5% typically. HDFC Bank Credit Card charges this for currency conversions.

Goods & Services Tax (GST)

All credit card transactions are taxed as per GST. GST is levied on annual fees and interest payments. The applicable GST on card services is 18% currently. Your card issuer deducts this amount from your account.

Conclusion

Knowledge of HDFC Bank Credit Card charges helps you avoid unexpected financial burdens. Paying your bills on time significantly reduces your overall card expenses. Review all terms and conditions carefully before you use any features. Make informed decisions to maximise the benefits of your HDFC Bank Credit Card.

FAQs

1. Can I waive the annual fee on my HDFC Bank Credit Card? 

Yes, by meeting the specified annual spending criteria set by the bank.

2. Does HDFC Bank offer multiple credit cards to one customer? 

Yes, you can hold multiple HDFC Bank Credit Cards simultaneously.

3. How long does it take to receive an HDFC Bank Credit Card? 

The card typically arrives within 7 to 10 working days after approval.

4. Can I upgrade my existing HDFC Bank Credit Card? 

Yes, the bank allows upgrades based on your eligibility and usage patterns.

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About the Author

LoansJagat Team

‘Simplify Finance for Everyone.’ This is the common goal of our team, as we try to explain any topic with relatable examples. From personal to business finance, managing EMIs to becoming debt-free, we do extensive research on each and every parameter, so you don’t have to. Scroll up and have a look at what 15+ years of experience in the BFSI sector looks like.