USNMix Report: Do you use HDFC credit
card?
This rule is changing from 1st April.
This rule is changing from 1st April.
Since April 1, the bank is
revising the late payment charge.
In terms of market
capitalization, the country's largest private bank HDFC is going to change the
rules regarding credit card from April. The bank has alerted its credit card
customers about the changes in the rules. According to the report, the bank
alert says that it is revising the late payment charge from April 1. He warned
the customers that they do not ignore the due date given in the statement. Pay
from time to time.
Charging on these cards HDFC
Bank imposes a charge on late payment on all its credit cards except for
Infinia Card. These are different depending on the outstanding balance.
However, the bank gives a grace period of 45 to 51 days to the customer, in
which the outstation is to be filled in the period when purchasing it from the
card. During this time the bank does not charge interest or charge. But in the
statement, there is a strong charge after crossing due date.
After 1 April it will take
charge
Statement Balance: Between
501 to 5000
Late payment charge: 500
rupees
Statement Balance: Between
5001-10000
Late payment charge: Rs 600
Statement balance: between
10000 to 25000 rupees
Late Payment Charge: Rs 800
Statement Balance: Above
Rs.25000
Late Payment Charge: Rs 950
What is Due Date?
Any bank charges a late
payment charge when the customer is unable to pay even minimum amount. Minimum
Due Amount is 5 percent of total outstanding total. According to HDFC Bank, if
customers have to keep their credit scores high then they should pay credit
card outright on time.
Comments
Post a Comment