HDFC Bank credit card rules change from today, all you need to know

If you use an HDFC Bank credit card, there is some news for you. The bank has implemented new credit card policies effective today, August 1, which will affect various transactions and introduce additional fees. The updates, although adding certain costs, seem to be part of a broader strategy to enhance the value and security of HDFC Bank's credit card services.

The changes were announced back in June this year and as mentioned already, come into effect today. Let us take a look at the rules that have changed for HDFC Bank credit card users.

Changes in rental, fuel and utility transactions

A 1% fee is now applied to rental payments made through third-party apps such as PayTM, CRED, and MobiKwik, capped at Rs 3,000 per transaction.

For utility payments, transactions exceeding Rs 50,000 will incur a 1 percent fee, capped at Rs 3,000. Transactions below this threshold and insurance-related payments are exempt from this fee.

Similarly, fuel purchases above Rs 15,000 will attract a 1 percent fee, also capped at Rs 3,000 per transaction. Smaller fuel transactions will remain unaffected.

Educational payments and international transactions

Educational transactions through third-party apps will incur a 1% fee, with a Rs 3,000 cap per transaction. However, international educational payments and direct payments through educational institution websites or their POS machines will not be charged this fee.

Coming to international purchases and payments, they will now see a 3.5% markup fee on cross-currency transactions.

Late payment and rewards redemption fee

Late payment charges have been revised, ranging from Rs 100 to Rs 1,300, based on the outstanding amount. Meanwhile, redeeming rewards points for statement credit or cashback will now cost Rs 50.

Changes in finance charges and easy-EMI processing fee

The finance charge for customers using revolving credit facilities is set at 3.75% per month, applicable from the transaction date until the outstanding balance is paid in full.

In addition to this, opting for the Easy-EMI facility will incur a processing fee of up to Rs 299 for converting purchases into EMIs at both online and offline stores.

Changes in Reward Structures

For Tata Neu credit cardholders, Tata Neu Infinity HDFC Bank Credit Card users will earn 1.5% NeuCoins on eligible UPI transactions made with the Tata Neu UPI ID, while transactions with other UPI IDs will earn 0.50% NeuCoins. Tata Neu Plus HDFC Bank Credit Card holders will earn 1% NeuCoins for transactions with the Tata Neu UPI ID and 0.25% NeuCoins for other UPI IDs.

How to modify your HDFC Bank credit card limit

Thinking about modifying your HDFC Bank credit card limit? It can be done within the comfort of your home.

You can start by visiting https://mycards.hdfcbank.com on your desktop or phone. Now, log in using your registered mobile number and the OTP you receive. For first-time users, you will need to enter the last four digits of your credit card.

Once logged in, navigate to the Credit Card Homepage and click on the "Card Control" tab. Here, you can enable or adjust settings for online, contactless, or international usage, as well as set your usage limits. Your card settings will be updated instantly upon making these changes.