Revisions to HDFC Bank Credit Cards Effective August 1st , 2024

Effective August 1st , 2024, the following revision to HDFC Bank Credit card charges will apply.

1% Charge on Rental Transactions

All rental transactions (Merchant Code 6513) made through third-party platforms such as CRED, Paytm, CheQ, and Mobikwik shall now carry a 1% charge. This charge on rental transactions made with HDFC credit cards through others shall be capped at ₹3,000 per transaction.

Utility Transactions

HDFC Bank has recently implemented a charge for large utility bill payments made with both its consumer and business credit cards. Individuals using HDFC consumer credit cards will incur a 1% fee, capped at ₹3,000 (per transaction) if their utility bill payment exceeds ₹50,000 in a single transaction. This change is unlikely to impact the majority of consumer credit card users, as it’s uncommon for individuals to make such large bill payments in a single transaction.

Similar to consumer credit cards, HDFC business credit card holders will also face a new charge on utility payments. Those who make transactions of ₹75,000 or more in a single transaction with their HDFC business credit card will be subject to a 1% charge, capped at ₹3,000 per transaction.

Educational Transactions

Those who make educational payments through third-party apps like CRED, PayTM, Cheq, MobiKwik, and any other shall be charged a 1% fee, which shall be capped at ₹3,000 per transaction. Any educational transaction made directly to the institution’s website or POS machines with an HDFC credit card shall not be charged any fees. There shall also be no charge for international education payments.

Educational transactions are categorized under MCCs 8211, 8220, 8241, 8244, 8249, and 8299.

Reward Redemption Charges

This is one of the most significant changes for many entry-level HDFC credit card users in our opinion. All of those who used to redeem their reward points for statement credit shall now be charged a fee of ₹50. This is applicable to all HDFC Bank credit cards except Infinia, Infinia (Metal Edition), Diners Black, Diners Black (Metal Edition), BizBlack Metal, Swiggy HDFC, and Flipkart Wholesale.

1% Charge Fuel Transactions Above ₹15,000

Fuel transaction fees are categorized under several MCCs: 1361, 5172, 5541, 5542, 5983, and 9752.

Consumer Cards

Transactions Fee
Transactions Below ₹15,000 No Fee
Transactions Above ₹15,000: 1% Fee Capped at ₹3000 Per Transaction

Business Cards

Transactions Fee
Transactions Below ₹30,000 No Fee
Transactions Above ₹30,000: 1% Fee Capped at ₹3000 Per Transaction

Easy-EMI Processing Fee

If you opt for the Easy-EMI option at any online or offline store, an EMI processing fee of up to ₹299 will be charged.

Late Payments

The late payment structure for HDFC credit cards shall also be revised during this round of changes.

Outstanding Amount Charges
₹101 – ₹500 ₹100
₹501 – ₹1000 ₹500
₹1001 – ₹5000 ₹600
₹5001 – ₹10000 ₹750
₹10001 – ₹25000 ₹900
₹25001 – ₹50000 ₹1,100
Greater Than ₹50000 ₹1,300

International/Cross Currency Transactions

A 3.5% markup fee will be applicable for international or cross-currency transactions.

However, the markup fee will remain at 2% for Infinia, Infinia (Metal Edition), Diners Black, Diners Black (Metal Edition), Biz Black Metal Card, Regalia Gold, BizPower, and Tata Neu Infinity HDFC Bank cards. The markup fee for 6E Rewards Indigo XL cards will be 2.5%.

For more details, kindly refer to MITC.