HDFC Credit Card Interest Rates

Here is the table for the credit card HDFC interest rate-

Here are some prominent features offered-

HDFC Bank also provides credit card loans as part of its Insta Loan and Insta Jumbo Loan programs. When you take out an instant loan, your credit limit will be limited for the amount you borrow, but when you take out an instant jumbo loan, you can borrow more money. However, each user's eligible loan amount and interest rate are different.

If you are having trouble paying off a credit card bill from another company, you can transfer the balance to your credit card. This will enable you to pay in convenient installments without incurring any fees or penalties. Though lower than credit card finance costs, interest rates will still be charged on balance transfers.

With HDFC Bank's Smart EMI option, you can break up large purchases into smaller payments that you can make over a period of three to twenty-four months, or even longer in some circumstances.

For these EMIs, interest is typically charged; however, the bank also provides no-cost EMI options with some merchants.

Some of the top credits cards offered by HDFC Bank are-

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 features are include-

This card gives you free airport lounge visits: With a gratis Priority Pass membership, you can visit over 1,000 airport lounges worldwide. In a calendar year, the primary member and the add-on credit cards will receive six complimentary trips to lounges outside of India.

You Get 2 RPs for every Rs.150 spent with the card and you receive 50% more RPs on dining purchases.

There is a 25,000 InterMiles points as a welcome incentive and when you book flights and accommodations using the InterMiles website, you can earn up to 16 InterMiles.

There is a premium travel card with the best air miles programme in the industry and you can make visits to domestic and international airport lounges.

You can make hotel reservations and purchase airline tickets using the diners club website. After you pay the card's annual fee, you'll receive a welcome bonus of 2,500 reward points.

You get free golf games on golf courses in India and throughout the world. For every Rs.150 paid, you will receive 5x reward points.

• 2.5% cashback on all online purchases (on minimum purchase of Rs.2,000).
• 5% cashback on Flipkart, Amazon, and SmartBuy and PayZapp airfare and hotel reservations.
• All offline purchases and wallet reloads get 1% cashback (minimum purchase of Rs.100)
• 1% reduction in fuel surcharge. The highest monthly waiver allowed is Rs.250.

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 applicant needs to be at least 21 years old, and the add-on cardholder must be at least 18 years old.
• The applicant must be either salaried or self-employed.
• The applicant must have a steady source of income and a strong credit score.
• The minimum monthly pay for a salaried employee is Rs.12,000, while the annual compensation for self-employed individuals is Rs.2 lakh.

The following documents are necessary to apply for any Credit Card-

1. KYC-PAN, address evidence, and ID proof are required.
2. One photograph, one salary slip/form 16, and one salary slip/form 16.

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.

Whilst each HDFC card has its own set of benefits, there are several qualities that most HDFC Bank credit cards share. Some advantages are illustrated below-

• HDFC Bank provides credit card loans through their Insta Loan and Insta Jumbo Loan services. In the event of an Insta Loan, your credit limit will be blocked for the amount borrowed, however an Insta Jumbo Loan allows you to borrow a sum that exceeds your available credit limit.
  
• With HDFC Bank's Smart EMI option, you can divide large purchases into instalments and pay them off over a period of 3 to 24 months, or longer in some situations. Interest is normally charged on such EMIs, although the bank also offers no-cost EMIs with certain merchants.
• If you have outstanding balance on another provider's credit card that you are having difficulty repaying, you can transfer the balance to your credit card. This will allow you to pay in convenient installments without incurring any penalties or finance costs.
  
  Balance transfers will still incur interest charges, although they will be lower than credit card finance charges.