HDFC Credit Card Fees and Charges

Interest free period is basically the time during which you can use your credit card without paying any interest on your purchases. If you settle your complete credit bill during this period, you will not have to pay any interest. This period usually starts from the date of purchase and lasts until the payment due date mentioned on your bill. 

HDFC Bank usually gives an interest free grace period of 50 days on its credit card, depending on when the transaction is made during the billing cycle.

HDFC Credit Card Interest Rate Calculation: 

The HDFC Bank considers various factors when calculating credit card interest. The factors considered by the bank are the date of transaction, amount of transaction, date of statement, date of payment, and the total outstanding amount. To understand the interest calculation, check the simple example given below: 

Example: Consider that an HDFC Bank credit card has an interest rate is 3.50% per month (42% p.a.). The date of transaction is 1 November 2025, amount is Rs.10,000, statement date is 6 November 2025 and amount due is Rs.10,000. In this case, the payment due date was 30 November 2025 and the minimum amount due is Rs.500. 

If you have paid the full amount by due date, which in this case is 26 November 2025, you will not be charged any interest. However, if you fail to do so, the bank will apply finance charges will apply on the outstanding balance. Do note that the bank may also charge a late payment fee . 

Now, let us assume that you have made a partial payment of Rs.5,000 on 21 November 2025. After this, you are not making any purchases until the next credit card statement is generated. In this case your interest will be calculated as follows: 

1. You will be charged an interest from the transaction date to the date of partial payment, which in this case is 21 days. The calculation will be as follows: 

(21x Rs.10,000x 42%) / 365 = Rs.241.64 

1. You will also be charged an interest from the date of partial payment to the date of next statement, which in this case is 15 days. The calculation will be as follows:  

(15x Rs.5,000x42%) / 365 = Rs.86.30 

1. The total amount of interest charged will be Rs.241.64 + Rs.86.30 = Rs.327.94

Withdrawal Charges for HDFC Credit Card: 

The withdrawal charges are applicable when you withdraw cash from the bank’s ATM using your credit card. The HDFC Bank charges 2.5% of the amount withdrawn or Rs.500, whichever is higher, as withdrawal charges. Let us understand the applicable withdrawal charges from the example given below: 

1. If you withdraw Rs.24,000 from the ATM using an HDFC Bank credit card, the applicable withdrawal charges will be 2.5% of Rs.12,500. In this case, you will have to pay a withdrawal fee of Rs. 600. 

1. If you withdraw Rs.4,000 from the ATM using an HDFC Bank credit card, the applicable withdrawal charges will be 2.5% of Rs.100. In this case, you will have to pay a withdrawal fee of Rs.500, since the percentage calculated is less than Rs.500. 

Note: Do note that when you withdraw from the ATM, finance charges are also applicable apart from withdrawal charges. That is why withdrawing from ATM is more expensive and should be done only during emergencies.

HDFC Credit Card Joining and Renewal Fee: 

The HDFC Bank charges a joining fee when the credit card is issued. In most cases, the entry-level credit cards offered by the bank have a lower joining fee in comparison to premium credit cards. Once you complete a year from the credit card’s issuing date, a renewal fee is charged by the bank. In some cases, the renewal fee is waived if you achieve the spend-based milestone set by the bank. 

HDFC Credit Card Forex Charges: 

The bank charges a foreign transaction fee, also known as a forex markup fee, every time you make a transaction using your credit card on foreign shores. When you make a purchase in a foreign country, the transaction is processed through an overseas account. This fee is charged by the bank for converting the foreign currency into Indian rupees.  

HDFC Bank charges a forex markup fee of up to 3.5%. Do note that the percentage of markup charges varies from card to card.

HDFC Credit Card Late Payment Charges: 

The bank will charge a late payment fee if you fail to clear your credit card's outstanding balance amount. This fee is charged when you fail to pay even the ‘Minimum Amount Due’.  

1. For outstanding balance up to Rs.100, you will not be charged anything. 

1. For outstanding balance from Rs.101 up to Rs.500, you will have to pay a fee of Rs.100. 

1. For outstanding balance from Rs.501 up to Rs.1,000, you will have to pay a fee of Rs.500. 

1. For outstanding balance from Rs.1,001 up to Rs.5,000, you will have to pay a fee of Rs.600. 

1. For an outstanding balance of Rs.5,001 up to Rs.10,000, you will have to pay a fee of Rs.750. 

1. For an outstanding balance of Rs.10,001 up to Rs.25,000, you will have to pay a fee of Rs.900. 

1. For an outstanding balance of Rs.25,001 up to Rs.50,000, you will have to pay a fee of Rs.1,100. 

1. For an outstanding balance of Rs.50,00, you will have to pay a fee of Rs.1,300.

HDFC Credit Card Overlimit Fee: 

The overlimit fee is basically the amount charged by the bank when you spend more than the credit limit assigned to your card. For instance, you have a credit limit of Rs.1 lakh for your HDFC Bank credit card, and you have made purchases worth Rs.1.20 lakhs, then you will be charged an overlimit fee.  

HDFC Bank usually charges an overlimit fee of 2.5% of the amount, subject to a minimum of Rs.550. Do note that this fee is not applicable on Paytm HDFC Bank Digital credit card, as there is no overlimit fee provided.

HDFC Credit Card Balance Transfer Fee: 

A balance transfer fee is the amount charged by the bank when you transfer outstanding balance from one credit card to another credit card. HDFC Bank charges a balance transfer fee of 1% of the transfer amount, or Rs.250, whichever is higher.  

HDFC Credit Card Reward Redemption Fee: 

Reward redemption fee is basically the amount charged when you raise a request for redeeming rewards earned on your credit card. HDFC Bank charges a reward redemption fee of Rs.99 plus taxes. Do note that the reward redemption fee waiver conditions may vary depending on the credit card variant.