HDFC Credit Card Interest Rates

There are some similar attributes that the majority of credit cards from HDFC Bank would have, even though each HDFC card has a unique set of advantages. The following are some of them-

Here is the list of some of the HDFC credit card monthly interest rates-

The following are the processes to apply for an HDFC credit card online-

Step 1: Go to HDFC's official website.

Step 2: Go to the 'Credit Cards' area and choose a credit card based on your needs.

Step 3: Review the credit card eligibility requirements and required papers.

Step 4: Apply online by filling out all of the required information. You can also submit your credit card application and supporting documentation to an HDFC branch or ATM.

Step 5: Once the bank authorizes your application, you will receive your credit card at your communication address.

Step 6: When it is delivered, you must sign for it and give identification.

The following documents are necessary to apply-

1. KYC-PAN, address evidence, and ID proof
2. Passport-size photograph
3. Salary slip/Form 16

You can claim and redeem your HDFC Credit Card Reward Points through the following ways-

Redeem HDFC Credit Card Reward Points via Net Banking

• Log in to the official net banking portal and register your credit card.
• Click on the Redeem Reward Points.
• Select your card and click on Continue to proceed further for redemption
• Click on Redeem Reward Points.
• Select Points Range and Item Category to view the catalogue.
• Pick items by adding them to your shopping cart.
• After selection, click on the View Shopping Cart link to view items.
• Click on the check box to confirm.
• Finally, click on Redeem to confirm redemption.

Redeem HDFC Credit Card Reward Points via Post

• Download the Rewards Redemption Form from the official website.
• Fill out the Redemption Form and post it.

When you carry forward your due payment or take cash with your credit card, the bank charges you interest. In addition, nonpayment or incomplete payment may allow the bank to levy interest.

The following are the relevant scenarios in this regard-

If you carry the outstanding balance forward into the following credit cycle, the bank will charge you interest.

If you do not make any payments, you will be charged both interest and late payment costs.

The Credit Card Interest Rate kicks in the day cash is taken from the card. It will be charged every day until the debt is satisfied.

Paying more than minimum amount due but not the entire amount will result in a credit card interest rate. In this case, the amount of interest that must be paid is the total of the following amounts-

• Interest will be charged on the entire amount from the time of the transaction till the day of partial payment.
  
• Interest would be charged on the remaining balance after the partial payment date until the next statement generation date.

The time between an credit card transaction date and the credit card payment due date is known as the credit card interest-free period or grace period. As a result, it differs for each transaction made with your credit card.

HDFC typically provides an interest-free term of up to 50 days. If you pay within the interest-free period, that is, on or before the due date, you will not have to pay any interest. This indicates you made use of the zero-interest credit program.