Starting August 1, HDFC Bank will introduce several changes to its credit card policies, directly affecting its credit card holders. Notably, a 1% charge will be imposed on all rental transactions made through third-party payment apps like PayTM, CRED, MobiKwik, and Cheq.
The maximum limit for this charge will be ₹3,000 per transaction. Additionally, the charge for educational transactions made via third-party apps will also increase to 1%. However, transactions made directly through the college or school’s website or their POS machines, as well as international educational payments, will not incur this fee.
Fuel Transaction Charges ⛽
- Consumer Cards: No additional charge for fuel payments under ₹15,000. For payments above ₹15,000, a 1% charge will be applied, with a maximum limit of ₹3,000 per transaction.
- Business Cards: No additional charge for fuel payments under ₹30,000. For payments above ₹30,000, a 1% charge will be applied, with a maximum limit of ₹3,000 per transaction.
Utility Payment Charges 💡💧
- Consumer Cards: No additional charge for utility payments under ₹50,000. For payments above ₹50,000, a 1% charge will be applied, with a maximum limit of ₹3,000 per transaction.
- Business Cards: No additional charge for utility payments under ₹75,000. For payments above ₹75,000, a 1% charge will be applied, with a maximum limit of ₹3,000 per transaction.
Note that insurance payments do not fall under the utility category, so their rules remain unchanged.
Charges on Easy-EMI Option 🛍️
If you opt for the Easy-EMI option at any online or offline store, you will incur a charge. Additionally, all fees will attract GST as per government regulations.
Important Information Table
| Transaction Type | Consumer Card Charges | Business Card Charges |
|---|---|---|
| Rental Transactions | 1% (max ₹3,000) | 1% (max ₹3,000) |
| Educational Transactions | 1% via third-party apps | 1% via third-party apps |
| Fuel Transactions | No charge below ₹15,000, 1% above ₹15,000 | No charge below ₹30,000, 1% above ₹30,000 |
| Utility Payments | No charge below ₹50,000, 1% above ₹50,000 | No charge below ₹75,000, 1% above ₹75,000 |
| Easy-EMI Option | Charges apply, plus GST | Charges apply, plus GST |
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