HDFC Bank will implement several modifications to its credit card regulations effective August 1, 2024. These revisions will impact different categories of transactions and charges for credit card users.
HDFC credit card rules
A notable adjustment involves the implementation of a 1% charge on rental transactions conducted via third-party payment applications such as PayTM, CRED, MobiKwik, and Cheq. The fee will be limited to Rs 3,000 per transaction. It results in an additional expense for clients utilizing these popular apps for rent payments.Regarding utility transactions, the bank has introduced a revised fee schedule. Transactions below Rs 50,000 will remain unaffected, while those exceeding this threshold will be subject to a 1% charge, also capped at Rs 3,000 per transaction. This modification specifically targets higher-value utility payments.
