HDFC Credit Card International Transaction Charges
Before you use your HDFC Bank credit card abroad, you will have to know the additional charges you will need to pay. Most cardholders assume that there are no additional fees and charges levied on their card when it is used abroad and are surprised when the bill is generated. If you are planning to travel to an international destination and would like to use your HDFC credit card, it is good to educate yourself about the international transaction charges.
International Transaction Charges You Should Know Before Using Your HDFC Bank Credit Card
- Foreign Currency Conversion Fee: When you swipe your credit card to make a purchase with an overseas merchant, the merchant will ask you if you wish to convert the transaction into your domestic currency under Dynamic Currency Conversion (DCC). If you decide to not convert your transaction using DCC, the transaction will be converted by your credit card network provider like MasterCard or Visa. It is always advisable to convert your international credit card transactions using your credit card network provider as the conversion rates under DCC is considerably high. Once your credit card network provider has converted your transaction, you will see the bill amount in your local currency in your credit card statement.
- Foreign Transaction Charge: A Foreign Transaction Fee is a surcharge that is charged on your credit card bill if you use your card to make a purchase in a currency that is not your domestic currency or a transaction that passes through a foreign bank. Generally, a foreign transaction fee on credit cards is around 3% but it differs from bank to bank. This fee is partly charged by your payment networks like Visa or MasterCard and partly by your credit card provider. Not all credit card providers charge this fee. Therefore, it is very important to get in touch with your credit card provider to check if they will charge you this fee.
- Cash Advance Fee: Cash advances are usually expensive. When this benefit is used in an international location, the charges are higher. What is the benefit of cash advance? Most of the credit cards have the cash advance feature that allows their cardholders to withdraw cash using their credit card. A surcharge is levied to use this benefit. When you use your credit card overseas to withdraw cash, you will be required to pay an additional fee called the cash advance fee. It can vary anywhere between 1-4% depending on the credit card you hold. If you are planning to use your credit card to withdraw cash in an international location, please be aware that apart from the general cash advance fee, you will be charged an international cash advance fee as well.
Foreign Currency Transaction Fee on HDFC Bank Credit Cards
HDFC Bank credit cards | Cross Currency Markup Fee | Cash Advance Fee |
Diners ClubMiles | 3.5% of the transaction amount | 2.5% of the amount withdrawn or Rs.500 whichever is higher |
Signature | 3.5% of the transaction amount | 2.5% of the amount withdrawn or Rs.500 whichever is higher |
Doctor's Superior | 3.5% of the transaction amount | 2.5% of the amount withdrawn or Rs.500 whichever is higher |
Bharat CashBack | 3.5% of the transaction amount | 2.5% of the amount withdrawn or Rs.500 whichever is higher |
Freedom Card | 3.5% of the transaction amount | 2.5% of the amount withdrawn or Rs.500 whichever is higher |
Business Bharat CashBack | 3.5% of the transaction amount | 2.5% of the amount withdrawn or Rs.500 whichever is higher |
Business Freedom Card | 3.5% of the transaction amount | 2.5% of the amount withdrawn or Rs.500 whichever is higher |
| 2% of the transaction amount | 2.5% of the amount withdrawn or Rs.500 whichever is higher |
| 3.5% of the transaction amount | 2.5% of the amount withdrawn or Rs.500 whichever is higher |
| 3% of the transaction amount | 2.5% of the amount withdrawn or Rs.500 whichever is higher |
Note: Please note that the above charges are charged by HDFC Bank. Your payment network processor like MasterCard and Visa can charge you an additional fee. Please get in touch with your payment network processor for more details.
Tips for Using your Credit Card in Abroad
- Avoid using your credit card when on an international trip. You could rather use your credit card to book your flight tickets or for your hotel bookings. Consider carrying cash in the local currency to pay your bills abroad.
- Get in touch with your credit card provider and check if your credit card is enabled to be used in an international location. Most of the credit cards are issued to be used both domestically and internationally. However, few credit cards require you to manually activate it for international usage.
- Always carry a copy of your credit card information with your credit card provider's phone number. If you lose your credit card, you will be able to block it immediately.
- Check your credit card insurance. There are insurances that are specially designed to protect you from fraudulent credit card transactions. Make sure you have the required credit shield before you travel abroad.
- Carry more than one card and consider carrying them separately for security purposes. If you have an issue with one of your cards, you can use the other one to save time.
FAQs on HDFC Credit Card International Transaction Charges
- Is it possible to use my HDFC Bank credit card abroad?
Yes, the HDFC Bank credit card can be used abroad. However, the activation process must be completed in order to use the card abroad.
- Will the cash advance fee be the same for all the credit cards provided by HDFC Bank?
Yes, the cash advance fee will be the same for all the credit cards provided by HDFC Bank.
- Will the cross-currency markup fee be the same for all the credit cards provided by HDFC Bank?
No, the cross-currency markup fee will not be the same for all the credit cards provided by HDFC Bank.
- Will I be charged a fee in case I use the credit card abroad?
Yes, a fee will be levied in case you use the credit card abroad.
- What is the cash advance fee for the Business Platinum card that is offered by HDFC Bank?
The cash advance fee for the Business Platinum card that is offered by HDFC Bank is Rs.500 or 2.5% of the amount that is withdrawn (whichever is higher).
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