Santa Claus comes around just once a year. In the meantime, there are Credit Cards.
Dhanlaxmi Bank is one of the oldest banks in the country. It has a pan India presence with headquarters based in Thrissur City of Kerala state. The bank was incorporated in the year 1927. It gained the status of scheduled commercial bank in the year 1977. The bank primarily works in the southern states of the country. However it has branches spread out in many North Indian states as well.
Dhanlaxmi Bank offers majorly two different types of credit cards which are the Gold and Platinum credit card and offers a wide range of offers and benefits across different categories.
The bank offers two types of credit cards:
Key Highlights: The Dhanlaxmi Bank Platinum Credit Card comes with a range of offers and benefits across different categories such as cashback, lifestyle, etc.
Joining Fee: Nil
Annual Fee: Nil
Features and Highlights:
Key Highlights: The Dhanlaxmi Bank Gold Credit Card offers the cardholder many benefits along with a comprehensive spending tool to track all expenses efficiently.
Joining Fee: Nil
Annual Fee: Nil
Features and Benefits:
| Type of Charge | Platinum Credit Card | Gold Credit Card |
|---|---|---|
| Joining Fee | Nil | Nil |
| Annual Fee | Nil | Nil |
| Finance Charge (Cash Advance) | 3.00% | 3.00% |
| Late Payment Fee | 30% of Minimum Amount Due | 30% of Minimum Amount Due |
| Finance Charge (Reguar) | 1.50% | 2.00% |
| Cash Advance Fee | Rs.400 per transaction | Rs.400 per transaction |
| Overlimit Fee | 2.5% of the amount outstanding (minimum – Rs.300) | 2.5% of the outstanding amount (subject to a minimum of Rs.300). |
| Reward Redemption Fee | Rs.75 | Rs.75 |
| Cheque Return Fee | Rs.400 | Rs.400 |
| Sales Slip Retrieval Fee | Rs.300 | Rs.300 |
| Outstation Cheque Fee | Rs.100 | Rs.100 |
| Foreign Currency Mark-up | 3.5% | 3.5% |
| Hotlisting charges | Rs.300 | Rs.300 |
| Late payment fee- PBC | 30% of MAD, Min: Rs.400, Max: Rs600 | 30% of MAD, Min: Rs.400 Max, Rs.600 |
| Late payment fee- PBT | 10% of MAD, Min: Rs.100, Max: Rs.200 | 10% of MAD, Min: Rs.100, Max: Rs.200 |
Dhanlaxmi Bank Platinum Credit Card: Your minimum annual gross income has to be Rs.6 lakh.
Any person with annual gross income Rs. 3 Lacs and above would be eligible for one of the two types of credit cards offered by the bank.
No, there is no joining fee.
Yes, you can get an add-on credit card and there is no joining fee for that.
Yes, there shall be penalty fee for late payments.
The payment can be made through internet banking or can be made through one of branches.
The credit limit is based on Dhanlaxmi Bank Ltd’s internal credit criteria. This would be communicated to the customer during the time of card delivery.
No, there is no annual fee associated with Dhanlaxmi Bank Credit Card.
Yes, there shall be a charge of 3.5% for foreign currency transactions.
For the Platinum credit card, the finance charge is 36% and for the Gold credit card, the finance charge is 36%.
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