Is there any annual charges for HDFC credit card?
Annual fees: Technically most Credit Cards charge an annual fee. But these fees are waived off if you use your card regularly and achieve a minimum spend – for example, the HDFC Bank Visa Signature Card will waive off the annual fee if you spend Rs 15,000 in 90 days of the card issuing date.
To avoid the finance charges, it is very important to pay off your HDFC Bank credit card dues on time. Avoid making the minimum payment due on your HDFC Bank credit card as that would attract very high-interest rates and also a late payment fee.24-Jul-2019
How can I make my HDFC credit card lifetime free?
The mandatory documents required for applying an HDFC lifetime-free credit card are:
No, the HDFC Bank Freedom credit card is not a lifetime free card. The card has an annual fee of Rs. 500 which must be paid every year.
Can I waive my annual credit card fee?
Call the customer service number on your statement or the back of your card, and provide identifying information like your name and account number. Then, ask if you can have a waiver for your annual fee. If this is successful, you're done.26-Aug-2022
How to Avoid Finance Charges. The easiest way to avoid finance charges is to pay your balance in full and on time every month. Credit cards are required to give you what's called a grace period, which is the span of time between the end of your billing cycle and when the payment is due on your balance.15-Sept-2022
Which credit card is best with no charges?
Top Zero Annual Fee Credit Cards in India
A lifetime free credit card is a card which does not charge the usual annual fee ever. They may charge some money for extra services like a hard copy of the itemized bill or may have some conditions as well for getting the card but technically no annual or joining fee.
Does HDFC credit card have monthly charges?
Monthly Membership Fee: Rs. 49 + GST. Monthly Fee waived off on retail spends of Rs. 5,000 in a month (Non-EMI Spends)
Best HDFC Credit Cards Of 2022
Can I get HDFC credit card with 15000 salary?
On an average, income requirement is between Rs 1,44,000 and Rs 25,00,000 per annum for both salaried persons and self-employed. You may be asked to submit your latest Income Tax Returns copy as income proof.
HDFC Credit Card Interest-free Period Typically, HDFC offers an interest-free period up to 50 days. If you make the payment within the interest-free period, i.e., on or before the due date, you don't have to pay any interest. This means you have enjoyed the credit facility at zero interest.
How long is Credit Card free?
The payment due date on your credit card can be between 18 and 25 days after the statement date, the day when the statement is made. So, the interest-free credit period can range from 18-48 days to 25-55 days depending on your credit card's payment due date.
Credit cards can help you improve your credit score, but only if you use them responsibly. Your payment history and borrowing amount are the two biggest factors in your credit score. Secured credit cards are an option for borrowers with a poor credit history.
How do I know if my Credit Card is free for life?
You could also look for the words “Lifetime Free" or “LTF" in the card application form. This means that you will not have to pay annual charges till you continue to use the card.22-Jun-2015
Experts generally don't recommend you ever cancel a credit card, unless you're paying for it (such as in the form of an annual fee) and not ever using it. And if this is the case, canceling a card once probably won't hurt you as long as you have a healthy credit history otherwise.
Do all credit cards have annual fees?
Do All Credit Cards Have Annual Fees? Not all credit cards charge an annual fee. In fact, many Capital One cards don't have annual fees. For cards that do charge a fee, the amount can vary.06-Dec-2021
But while these cards can help you improve your score or earn higher rewards, you don't have to pay a fee to maximize your spending; there are plenty of credit cards that don't charge an annual fee and still offer great value.05-Dec-2022
How do I get rid of annual fees?
Call the Card Issuer and Ask Once you've laid out your reasoning for wanting a waiver, it's time to call the credit card company. The number to call should be on the back of the card. Explain that you're seeking a waiver on the annual fee and why.28-Sept-2021
Hidden fees come in the form of annual fees, late payment fees, interest charges, and more. Every credit card comes with hidden fees in the form of annual fees, late payment fees, interest charges, that will only cost you more in the long run if you trigger them.03-May-2022
What is the risk of a credit card?
Risk of Ruining Your Credit Score Credit cards have a major impact on your credit score. Use your credit card wisely, and you'll be on the way to a great credit score, but if you make a mistake—like missing a payment for 30 or more days—your credit score will take a hit.29-Jan-2022
Is there any annual charges for HDFC credit card?