Dhanlaxmi Bank Gold Credit Card

1. Cashback: Get 5% cashback on your purchases at supermarkets and departmental stores.
2. Rewards: Earn reward points on your expenses and redeem them from a host of products in the rewards catalogue. You need at least 600 points to make a redemption.
3. Free insurance: With your Gold Credit Card, you are entitled to Rs. 20 lakhs coverage for air accidents. You will also receive up to Rs. 1 lakh Credit Shield which pays out in case of death or permanent and total disability.
4. Lost card liability: You also get up to Rs. 1 lakh in case of lost card liability with 2 days of pre-reporting.
5. Purchase Protection: Get protected against damaged, duplicate or fraudulent products and charges for up to 90 days from the date of your purchase. The insurance covers up to Rs. 1 lakh.
6. Zero Joining Fees: Avail of this card from Dhanlaxmi Bank free of cost. There are no joining fees for the main as well as the add on cards.
7. No annual fees: There are no annual fees for the main cardholder as well as the add on cards.

Dhanlaxmi Bank Gold Credit Card Fees and Charges

Type of Charge	Amount
Joining Fee	Nil
Annual Fee	Nil
Renewal fee	Nil
Add on Card	Nil
Interest on revolving credit	2% per month (24% per annum). In case of default, the charges increase to 3.5% per month.
Minimum due	5% of the billed amount subject to a minimum of Rs. 200.

Other Fees and Charges

Type of Charge	Amount
Late Payment Charges	30% of the minimum amount due subject to a minimum of Rs. 400. Only a maximum of Rs. 600 will be charged.
Cash advance transaction charge	Rs. 400 per transaction.
Interest on cash advance	3% per month (36% per annum)
Cash advance limit	10% of the total credit limit.
Over limit charges	2.5% of the amount exceeding the credit limit subject to a minimum of Rs. 300.
Surcharge on Railway Bookings	Counter: Rs. 30 + 2.5% Online: 1.8%
Fuel surcharge	2.5 % of the transaction subject to a minimum of Rs. 10.
Foreign Currency Transaction	3.5%
Card replacement	Rs. 300
Reward Redemption Fee	Rs. 75
Plan Your Rewards Annual Fee	Nil
emPower Tool Annual Fee	Nil
EMI Processing Fee	1% of the conversion amount subject to a minimum of Rs. 200.
Outstation cheque collection	Rs. 100
Cheque return	Rs. 400
ECS default/dishonour	Rs. 400
Duplicate statement	Rs. 100
Chargeslip request	Rs. 300
Reissue of PIN mailer	Rs. 100

Dhanlaxmi Bank Gold Credit Card Eligibility Criteria

To qualify for this credit card, you must meet the following requirements.

1. Salaried individuals must be earning a gross annual income of Rs. 3 lakhs.
2. Self-employed should be earning at least Rs. 4 lakhs gross annual income.

Credit cards make payments easy for all expenses online and offline while offering various benefits

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Dhanlaxmi Bank Gold Credit Card FAQs

• How do I claim insurance provided by my Dhanlaxmi Bank Gold Credit Card?

  The insurance policy is provided by ICICI LOMBARD. You must inform them about any loss or damage within 15 days to make a claim. ICICI LOMBARD will inform you about the process of claiming insurance and the documents required. You can then submit the required documents and investigation report to them. ICICI LOMBARD will then decide on the admissibility of the claim. If it is approved, the payment will be made to you within 15 working days of the receipt of the documents. If further investigation is required, this period maybe extended.

• How is the interest-free period calculated?

  With your Dhanlaxmi Bank Gold Credit Card, you are entitled to a range of 18 to 48 days interest free periods on your purchases. For example, for a billing cycle that is dated on the 20th of every month, if you make a purchase on the 20th, you will receive a 48-day credit period as you will be billed only in the next cycle. If you make the purchase on the 19th, then your period is reduced to 18 days.

• Can I increase my credit limit on the Dhanlaxmi Bank Gold Credit Card?

  After completing 12 months of card membership, cardholders are entitled to apply for an enhanced credit limit on their Dhanlaxmi Bank Gold Credit Card. Customers need to provide the required documents declaring their income to the bank. Based upon this, the bank can increase the credit limit at its sole discretion.

• How do I pay my credit card bill?

  You can make payments towards your credit card through any of the following ways.

  1. Visit any Dhanlaxmi Bank Branch during working hours and deposit cash.
  2. Drop a cheque or DD favouring “Dhanlaxmi Credit Card no.” followed by your 16 digit card number at any Dhanlaxmi Bank Branch.
  3. Pay online using your Dhanlaxmi online banking account.
  4. Set an auto-debit instruction to make payments against your credit card.
  5. You can make payments through ECS and NEFT.
• What happens if I default on a payment?

  If you miss paying the minimum amount due by the payment due date, the bank submits the record to CIBIL which will negatively affect your credit score. Your interest rate will increase to 3.5% per month. You will also be charged a penalty fee. Failure to pay the dues after notifications will attract legal action to recover the debt. In case of death or permanent and total disability, insurance should be filed for as soon as possible. Sufficient notice will be provided to the nominee or successor for payment of the cardholders dues.