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  • HDFC Credit Card Cash Withdrawal

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  • HDFC Credit Card cash withdrawal or cash advance is one of the features available on most of the HDFC Credit Cards. The facility allows the cardholders to use their credit cards to withdraw cash from an ATM.

    The content below discusses about the features, benefits, fees and charges involved and other details about the HDFC cash advance feature.

     

    What Is HDFC Credit Card Cash Advance Feature?

    Credit card cash advance is the technical term used for the cash withdrawal feature available on credit cards. Unlike regular credit card transactions, which involve swiping the card at the point of sale terminal or using it for online transactions, cash advance feature allows you to withdraw liquid cash from the credit card and pay it later, hence the name cash advance.

    With regards to HDFC cash advance, just like most other banks, HDFC offers cash withdrawal feature on most of its credit cards. While the amount of cash you can withdraw from each type of the card and finance charges may vary, the rest of the components like the advance fee, credit type, etc., remain same across the cards.

     

    HDFC Credit Card Cash Limit

    Credit card cash limit or cash advance limit is the amount of cash you can withdraw using a credit card. Typically denoted in percentage, the cash limit is a portion of total credit limit on a credit card but not an addition to the limit. For instance, if your credit card’s total credit limit is Rs.1 lakh, the cash limit would typically be 20% to 40% of it. If the cash limit is 20%, you can use up to Rs.20,000 as liquid cash from your credit card. The remaining Rs.80,000 should be spent for card transactions only.

    HDFC typically offers a cash advance limit of 40% on most its credit cards except for corporate credit cards which have a cash withdrawal limit of 30% under individual liability and 40% under corporate liability.

     

    HDFC Credit Card Cash Withdrawal Fee

    The cash advance or the cash withdrawal feature on credit cards is not free. A transaction fee or a cash advance fee will be charged for every transaction and the same would be added to the bill in the next statement.

    HDFC charges a cash advance fee of 2.5% of the withdrawn amount or Rs.500, whichever is higher. For instance, if you have withdrawn Rs.30,000 from your HDFC credit card account, you will be levied a cash advance fee of Rs.750, similarly, if you have withdrawn Rs.5,000 you will be charged Rs.500 as the cash advance fee. However, the cash advance fee is subject to change at the discretion of the bank. Further, the cash advances do attract a finance charge equal to finance charges on the cash withdrawn and will be charged from the date of withdrawal till the payment is paid in full.

     

    Interest Charges On HDFC Credit Card Cash Withdrawal

    Cash withdrawals using credit cards do attract interest or finance charges just like the regular payments made using the card. Finance charge or interest will be levied at a monthly percentage rate from the date of withdrawal till the amount is paid back in full. Each credit card has a different rate of interest ranging from 1.99% per month to 3.49%.

    You can check the terms and conditions of your HDFC Credit Card to find out the interest rate specific to your card. For your convenience, we have listed finance charges on a few HDFC Credit Card variants.

     
    HDFC Credit Card Variant Finance Charge or Interest Rate
    Monthly rate Annual rate
    JetPrivilege Diners Club, JetPrivilege Diners Black and JetPrivilege Infinia Credit Cards 1.99% 23.88%
    Jet World, Jet Signature, Regalia, Business Regalia, Doctors Regalia, Regalia First/Business Regalia First and other cards 3.49% 41.88%
    In case of default 3.5% (Max. interest rate) 42%
     

    The interest rates are, however, subject to change depending on the spending on the card, payback and card utilization patterns.

    One important thing to know about HDFC cash advances is that there is no interest free period. Interest will be charged from the date of withdrawal till the payment is made in full. The payable finance charges will be added to the cardholder’s account till the amount is paid back in full.

     

    Reward Points On HDFC Credit Card Cash Withdrawal

    Unlike card transactions, cash withdrawals using HDFC Credit Cards are not eligible for reward points. No matter how much cash you withdraw, you will receive zero reward points for cash advances.

     

    How To Withdraw Cash Using An HDFC Credit Card?

    Cash from HDFC Credit Cards can be withdrawn at any of the ATMs, not necessarily from HDFC ATMs. And the procedure to withdraw cash is similar to withdrawing cash using a debit card.

    • Visit HDFC ATM kiosk
    • Insert your credit card, enter your PIN
    • Select your preferred language
    • From the options, select ‘Cash withdrawal’
    • Enter the amount and press ‘Confirm’

    However, before withdrawing the cash make sure you have enough cash limit on your card. If you are not aware of the available cash, find the same in your net banking account linked to your credit card or call HDFC customer care centre.

     

    HDFC Cash Withdrawal Fees And Charges

    A summary of all the charges applicable on HDFC cash advance feature is provided below.

    Description of Charges HDFC Credit Card Cash Advance
    Interest Free Period NIL
    Cash advance fee 2.5% of cash withdrawn or Rs.500 (whichever is higher)
    Minimum repayment amount 5% on the outstanding or minimum Rs.200
    Cash advance limit 40% of credit limit
    Finance charges (on revolving credit) 1.99% - 3.5% per month or 23.88% - 42% p.a.
     

    Pros And Cons Of HDFC Cash Advance Facility

    Now that we have discussed about the various features available under the HDFC cash advance or cash withdrawal facility, let us look at the advantages and disadvantages of using the facility.

    Benefits Of HDFC Cash Advance Facility

    • Cardholders can withdraw liquid cash in times of cash crunch and when credit card payments are not allowed for a particular transaction.
    • No need to pay any fee if the facility is unused
    • No documentation required
    • No approval from the bank
    • No wait time. Instant money available 24x7
    • Cash can be withdrawn from any bank ATM located in and outside the country

    Drawbacks Of HDFC Cash Advance Facility

    • Attracts a cash advance fee for every withdrawal
    • Interest will be levied from the date of withdrawal
    • No interest free period
    • Not eligible for reward points
    • High interest rate compared to regular card transactions
     

    Frequently Asked Questions (Faqs) On HDFC Credit Card Cash Advance

    1. Can I withdraw cash from any bank ATM?
    2. Yes, the credit card cash withdrawal facility can be availed at any bank ATM.

    3. Does the cash advance fee get credited to my outstanding instantly?
    4. No, the cash advance fee and other finance charges will reflect in your next billing statement.

    5. How does cash limit impact my credit limit?
    6. Cash limit is a percentage of credit limit. When you withdraw cash using your HDFC credit card, it will get debited from your available cash limit on the card affecting the total credit limit.

    7. Can I increase the cash limit on my HDFC credit card?
    8. You can apply for a cash limit enhancement on your HDFC credit card only after using it for 6-12 months. However, increasing the limit is completely at discretion of the bank. To check the eligibility of your card for limit enhancement, you can call HDFC customer care.

    9. Where can I check the total cash limit and available cash limit on my HDFC credit card?
    10. If your HDFC credit card has a net banking account, you can check your total cash limit and available cash limit on the card by logging in to your account either on online website or HDFC mobile app. Alternatively, you can also call HDFC customer care, provide your credit card details and check your cash limit.

      

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    HDFC Credit Card Cash Withdrawal Reviews

    • ICICI Bank Credit Card
      "Good card "
      0.5 5.0/5 "Blown Away!"
      I am using ICICI Bank coral credit card quite for a long time. This is a life time free card, credit limit is fine. Customer service and responsiveness was good and the rate of interest was fine. I applied this card through online and i use this card for all purpose.
      Was this review helpful? 0
      , kolkata
      Reviewed on Feb 27, 2020
    • HDFC Bank
      HDFC Bank Credit Card
      "Best card "
      0.5 5.0/5 "Blown Away!"
      I am using HDFC Bank regalia credit card more than 2 years. This is a travel card mostly i use this card for travel purpose and i am getting international airport lounge access. Annual charges for this card is Rs. 1000 and wavier not idea. I am happy with the credit limit what they given.
      Was this review helpful? 0
      , kolkata
      Reviewed on Feb 27, 2020
    • HSBC Bank Credit Card
      "Need to provide card for my pin code "
      0.5 5.0/5 "Blown Away!"
      I have applied HSBC Visa Platinum credit card through online. I got call from bank that they unable to provide card because my pincode is negative. Customer service was good, actually i use this card for my travel purpose like international flight booking mostly because i fly a lot.
      Was this review helpful? 0
      , kolkata
      Reviewed on Feb 27, 2020
    • IndusInd Bank Credit Card
      "Average Service"
      0.5 3.0/5 "Satisfactory"
      I am residing in Orissa which is my current location but instead of Orissa, it was mentioned as Chennai when I applied for Indusind Bank credit card hence not taken the card . Also , I am having an issues with my current address proof . The agent gave a clear picture about the card process.
      Was this review helpful? 0
      , chennai
      Reviewed on Feb 27, 2020
    • SBI Cards Credit Card
      "Good"
      0.5 4.0/5 "Great!"
      I am using IRCTC SBI credit card more than 4 years. Annual charges are not sure. The customer service and responsiveness was good. Mostly i use this card for all purpose but not tried for train ticket booking which I don't know how to use it. Credit limit is sufficient and good.
      Was this review helpful? 0
      , bangalore
      Reviewed on Feb 27, 2020
    • IndusInd Bank Credit Card
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I have applied for Indusind Bank credit card through online .I have not availed this credit card since have multiple credit cards with me .The credit card details was clearly shared by the agent and the service was really good and also the process was satisfied so far .
      Was this review helpful? 0
      , jaipur
      Reviewed on Feb 27, 2020
    • SBI Cards Credit Card
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I am using SBI credit card which was taken through online .The credit limit was very good and there are cash back offers as well as reward points .There was fuel benefits as well as movie offers and there was no drawbacks faced so far on using this credit card.
      Was this review helpful? 0
      , ludhiana
      Reviewed on Feb 27, 2020
    • Axis Bank Credit Card
      "Best Card"
      0.5 5.0/5 "Blown Away!"
      3 years ago, i have started using Axis bank credit card. I can use this card in stead of cash purchase. Its good card for traveling, purchasing garment. Axis bank offered me add on card also as per my reputation. They have offered me a credit limit of Rs. 1.80 lakhs. I need to pay the annual fee of Rs. 500. They were ready to increase the credit limit but i refused them.
      Was this review helpful? 0
      , jamshedpur
      Reviewed on Feb 27, 2020
    • SBI Cards Credit Card
      "Good Card"
      0.5 1.0/5 "Really Bad"
      I have already holding a credit card but for the secondary card purpose, i had applied the credit card from SBI and the guy came to my place for the verification on the next day they have sent me a mail stating that they cannot provide this card under un-avoidable circumstances. I sent a reply to them that I'm also not interested on this card.
      Was this review helpful? 0
      , jamshedpur
      Reviewed on Feb 27, 2020
    • HSBC Bank Credit Card
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      I have applied for HSBC Bank credit card through online but not availed this card since have another credit card. I have not faced any issues and the agent shared the whole process of this card .There was proper response from online as well as from bank end .I have not submitted any of my documents.
      Was this review helpful? 0
      , chennai
      Reviewed on Feb 27, 2020
    • YES Bank Credit Card
      "Average"
      0.5 4.0/5 "Great!"
      I have got the update from Yes bank, someone will come and collect documents but there was no response and nobody turned up hence dropped the plan of taking this credit card .The agent gave a clear picture about the card process when applying this card.
      Was this review helpful? 0
      , jaipur
      Reviewed on Feb 27, 2020
    • HSBC Bank Credit Card
      "Good International card"
      0.5 5.0/5 "Blown Away!"
      I'm holding already 3 credit card which is not useful for me and I would like to have HSBC credit card but my credit score is low even if i applied for this card it will be cancelled due to bank norms so have closed the card from my end. I don't like to pay annual fee for any cards.
      Was this review helpful? 0
      , chennai
      Reviewed on Feb 27, 2020
    • YES Bank Credit Card
      "Good Service"
      0.5 4.0/5 "Great!"
      I have applied for Yes bank credit card through online .I have not taken this card later got the update card was not processed from bank end.I have not submitted any of my documents for this card.I have got callback one time from bank end after there was no followup.
      Was this review helpful? 0
      , surat
      Reviewed on Feb 27, 2020
    • ICICI Bank Credit Card
      "Okay card"
      0.5 3.0/5 "Satisfactory"
      ICICI card is available with me since past 6 to 8 months but this card is useful in traveling because they have a tie up with makemytrip website hence they will provide 30 to 40% discount on green hotel. They will provide EMI facility also. I'm not fully satisfied with the credit limit and features available on this card. Their net banking facility is not working sometimes which could be upgraded.
      Was this review helpful? 0
      , surat
      Reviewed on Feb 27, 2020
    • HDFC Bank Credit Card
      "Helpful card in critical situations"
      0.5 5.0/5 "Blown Away!"
      HDFC given me a over limit usage on credit card by without having any additional charges if i pay the over limit amount before the bill generation. Since 3 to 4 years, I'm holding my HDFC credit card. They have keep on upgrading my credit card and the limit as well after checking the credit score. In online, if i use the payzpp app for booking food via swiggy there will be 30% off and if i purchase any electronic items, we get the no cost EMI facility.
      Was this review helpful? 0
      , surat
      Reviewed on Feb 27, 2020
    • SBI Cards Credit Card
      "SBI fulfill our needs"
      0.5 4.5/5 "Excellent!"
      I got the offer only from SBI so that i opted for this card. They have given me a good credit limit. There is a annual fee of Rs. 2999 after paid that fee, they will provide a gift coupon worth of Rs. 3000. I'm getting discounts on pantaloons, traveling, hotel booking. Still I'm not received my first month bill but till now i have no idea about the annual fee payment method.
      Was this review helpful? 0
      , surat
      Reviewed on Feb 27, 2020
    • SBI Cards Credit Card
      "Need to improve in customer service "
      0.5 3.0/5 "Satisfactory"
      I am using SBI simply save visa credit card and it is a life time free card. Credit limit is good, i use this card for shopping and bill payments. EMI options are available and i am getting statement through email. Customer service need to be improved.
      Was this review helpful? 0
      , noida
      Reviewed on Feb 27, 2020
    • HSBC Bank Credit Card
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I have applied for HSBC Bank credit card through online . But could not process for this card without payslip. The card process was clearly shared by the agent .I haven't submit any of my documents and here was no drawbacks faced when applied for this credit card .
      Was this review helpful? 0
      , mumbai
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    • American Express Credit Card
      "Best travel and shopping card"
      0.5 4.0/5 "Great!"
      I am using AMERICAN EXPRESS credit card more than 4 years. Annual charges for this card is Rs. 5000 if i spend annually Rs. 5-6L in a year no need to pay the annual charges. If i spend more amount also i am getting bonus coupon, travel and shopping, airport lounge domestic only. Credit limit is sufficient and good Rs. 4L, customer service and responsiveness was good.
      Was this review helpful? 0
      , noida
      Reviewed on Feb 27, 2020
    • IndusInd Bank Credit Card
      "Need to improve in service"
      0.5 3.0/5 "Satisfactory"
      I have applied INDUSIND Bank credit card through online. I applied this card basically it is a life time free card. I am keeping all my documents ready but nobody came and collected from me, post that i have not receive any calls or message from bank.
      Was this review helpful? 0
      , noida
      Reviewed on Feb 27, 2020
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