HDFC Bank's Teacher's Platinum credit card is a premium card filled with a wide range of benefits and features for the educators of the country. The card offers a very attractive reward point system with card protection and helps you make the most of any kind of purchase.
The credit limit of the HDFC Teacher's Platinum credit card is completely at the discretion of the bank. There are several factors which are taken into consideration before assigning a credit limit of the card. These factors are credit score, the annual salary of the applicant, the credit report along with any past and ongoing debts.
Other HDFC Bank Credit Cards
You can redeem your reward points earned on your credit card through offline and online methods.
If you wish to redeem your points offline, you will have to download the rewards redemption form from the website and fill it with all the details required. Once you have, the form needs to be posted to the following address:
HDFC Bank Cards Division,
P.O. Box No. 8654,
Chennai - 600041.
However, if you wish to redeem your reward points, you can do so by following the steps mentioned below:
You can apply for the credit card through offline or online methods. If you do not have access to the internet, you can visit the branch of HDFC bank, fill out the application form and submit all the required documents to apply for the card.
Through online methods, you can either directly from the HDFC Bank website or through BankBazaar. To apply for the card through BankBazaar, here are the steps you will need to follow:
|Type of Charge||Amount|
|Interest-free period||Up to 50 days|
|Cash advance limit||40% of the credit limit|
|Minimum repayment amount||5% or a minimum amount of Rs.200|
|Additional card fee||Free|
|Cash advance charges||2.5% of the amount withdrawn or Rs.500. The higher amount among these will be taken.|
|Charges on revolving credit||3.49% per month|
|Payment return charges||2% of the payment amount subjected to a minimum of Rs.450.|
|Late payment charges||
If statement balance is less than Rs.100 - Nil
From Rs.100 to Rs.500 - Rs.100
From Rs.501 to Rs.5,000 - Rs.500
From Rs.5,001 to Rs.10,000 - Rs.600
From Rs.10,001 to Rs.25,000 - Rs.Rs.800
More than Rs.25,000 - Rs.950.
|Charges on over limit account||2.5% of the over limit amount subjected to a minimum of Rs.500|
|Cash processing fee||Rs.100|
|Rewards redemption fee||Rs.99 per redemption request.|
|Fuel transaction surcharge||Capped at Rs.250 per statement cycle|
|Balance transfer processing charges||1% of the balance transfer amount or Rs.250. The higher amount will be taken.|
|Card validation charges||Rs.2. The amount will not be reversed by the bank|
|Railway ticket purchase fee||1.8% of the transaction amount + GST|
|Reissue of damaged, stolen or lost card||Rs.100|
|Outstation cheque processing charges||
If cheque value is up to Rs.5,000 - Rs.25
If cheque value is more than Rs.5,000 - Rs.50
|Foreign currency transactions||3.5%|
The sum authorized by you will be credited to your HDFC Bank account in two days, though this is not applicable during weekends and bank holidays.
In order to guarantee precision, HDFC asserts that the card number is entered two times and double-checked before approving the disbursement. Nevertheless, if in certain situations a payment is made to a wrong Credit Card account, you can immediately notify the HDFC Customer Care.
HDFC constantly strives to add more banks to their quick transaction service and make things easier for their vast clientele. But if a certain bank is unlisted, you can transfer funds using NEFT.
Yes, it can. Most credit card issuers regularly tweak the options they offer. But they will do this only if customers are not using a particular benefit and will instantly replace it with another popular option.
Please notify the HDFC customer service right away. They will block it temporarily if you think that the card can be recovered. Otherwise, you will be issued a new card with a different number for a nominal fee.
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