Santa Claus comes around just once a year. In the meantime, there are Credit Cards.
  • HDFC Credit Card Cash Withdrawal

    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    HDFC charges a cash advance fee of 2.5% of the withdrawn amount or Rs.500, whichever is higher. For instance, if you have withdrawn Rs.30,000 from your HDFC credit card account, you will be levied a cash advance fee of Rs.750, similarly, if you have withdrawn Rs.5,000 you will be charged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

    • RBL Bank Credit Card
      "Easy to convert for EMI "
      0.5 4.0/5 "Great!"
      I got RBL card offer from BAJAJ Finance. I have been using this card past 10 months which is a life time free card. The credit limit is sufficient of 55K. EMI conversion is avail and I can convert via mobile app whenever required with nominal charge. I use this card for general purpose. Based on usage I get points but not yet redeem it.
      Was this review helpful? 76
      , chennai
      Reviewed on Mar 21, 2020
    • SBI Cards
      SBI Cards Credit Card
      "Good service"
      0.5 4.0/5 "Great!"
      SBI credit card have offers and reward points but I have not redeem them yet, this is a domestic card, the credit limit is of 50000 which I am very much satisfied as per my need. I got my statement on time. I used this card for personal purposes.The card is very user friendly.
      Was this review helpful? 81
      , hyderabad
      Reviewed on Mar 21, 2020
    • SBI Cards Credit Card
      "Ok service"
      0.5 5.0/5 "Blown Away!"
      I am using SBI credit card for more than three months, there are some reward points and offers in the card. I used this card for online shopping, fuel surcharge and groceries.The credit limit of the card is sufficient and I like the most about the card is that it is a life time free card and very good to use.
      Was this review helpful? 75
      , hyderabad
      Reviewed on Mar 21, 2020
    • IndusInd Bank Credit Card
      "Ok service"
      0.5 5.0/5 "Blown Away!"
      The bank agent suggest me to take credit card from INDUSIND and I have taken it because it doesn't have any annual fee. The offer and reward points are available in the card are good. I am satisfied with the limit of the card. I used the card for general purposes. But it will be nice, if the offers and reward points will be more.
      Was this review helpful? 60
      , jaipur
      Reviewed on Mar 21, 2020
    • IndusInd Bank Credit Card
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I am using INDUSIND credit card for 3 months. The card have no offers available and also there is no rewards. The only benefit is that its a life time free card and the credit limit is only for 75000 I am not that satisfied as i expected to get around 1.5 lakh. Apart from the limit over all experience is good.
      Was this review helpful? 59
      , chennai
      Reviewed on Mar 21, 2020
    • IndusInd Bank Credit Card
      "Excellent card"
      0.5 5.0/5 "Blown Away!"
      I have got INDUSIND credit card few months ago and I have used it for two months now ,the credit limit of the card is Rs.70000 which is a life time free card. The bank have informed me every details about the reward points and offers but I have not got any time check it. I am satisfied with their card service.
      Was this review helpful? 60
      , hyderabad
      Reviewed on Mar 21, 2020
    • ICICI Bank Credit Card
      "Good service"
      0.5 5.0/5 "Blown Away!"
      Am having ICICI credit card for two years, I feel good and have not face any issues. The best part about the card is its a life time free card. I used to get my card statement on time. I used this card for shopping, groceries and for many other personal purposes.I am using the bank mobile app which function smooth and simple.
      Was this review helpful? 71
      , faridabad
      Reviewed on Mar 21, 2020
    • SBI Cards Credit Card
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I have used SBI credit card for 2-3 months, but I have not got any time to check about the offers available in the card. The limit of the card is 38000 and I am satisfied because its a life time free card. I used to get my card statement on time and the net banking is also working very well.
      Was this review helpful? 77
      , faridabad
      Reviewed on Mar 21, 2020
    • IndusInd Bank Credit Card
      "Good service "
      0.5 4.0/5 "Great!"
      Since it is a life time free card offer from INDUSIND so I chosen it and applied through online. I received a call on time and they have done the verification process. Hence I received the card by 7 days, the credit limit is okay for me. Its easy to use for all purposes.
      Was this review helpful? 57
      , chennai
      Reviewed on Mar 21, 2020
    • Citibank Credit Card
      "Good "
      0.5 4.0/5 "Great!"
      CITI has provided good offers and benefits on 2 months before. So I chosen this card and applied through online. It is annual fee chargeable of 500 rupees bu there is waiver off option if I spend 30K within a year. The credit limit is 65K. There is EMI conversion avail for this card.
      Was this review helpful? 55
      , coimbatore
      Reviewed on Mar 21, 2020
    • HDFC Bank Credit Card
      "very good"
      0.5 5.0/5 "Blown Away!"
      I have used credit card from HDFC bank for 1 year which is very good and also very comfortable, its a life time free card and lots of offers are available in the card. This card was suggested to me by my colleague. Mobile banking also functions very smooth.
      Was this review helpful? 83
      , bangalore
      Reviewed on Mar 21, 2020
    • IndusInd Bank Credit Card
      "Average service"
      0.5 4.0/5 "Great!"
      INDUSIND bank credit card have an credit limit of of Rs.75000, there is no offers available in the card and it also have a charges of 3000 along with GST. I hardly receive any remainder messages for my bill payment due to that some time I could not pay my bill on time. I would advise them send my bill on time before the due date.
      Was this review helpful? 58
      , bangalore
      Reviewed on Mar 21, 2020
    • ICICI Bank Credit Card
      "Need to increase the credit limit "
      0.5 5.0/5 "Blown Away!"
      I have been using ICICI card for more than one year. They have provided an annual fee chargeable card and waiver off option is applicable. The credit limit is okay of 50K. Since I need to do purchase about 45K on some of the month so this limit is not sufficient. I swipe the card for travel, shopping and fuel purposes. I have not opted for EMI conversion.
      Was this review helpful? 59
      , kolkata
      Reviewed on Mar 21, 2020
    • Axis Bank Credit Card
      "Good card"
      0.5 4.0/5 "Great!"
      I have been using AXIS bank credit card for 3 years, Its a life time free card so I applied the card through bank. The agent have informed me everything about the card. I used to get offers of 10% on petrol bunk and shopping.The limit of the card is Rs.45000 and I used to pay my bill directly through bank.I am also using their net banking which is very good.
      Was this review helpful? 76
      , kolkata
      Reviewed on Mar 21, 2020
    • IndusInd Bank Credit Card
      "Good service"
      0.5 4.0/5 "Great!"
      I got INDUSIND credit card from few months ago.The card have an EMI conversion. I used the card for multi purposes like shopping, online payment, ticket booking. This is annually chargeable card, I am not satisfied with the credit limit of Rs.75000 as I am expecting more than than 1 lakh.
      Was this review helpful? 63
      , kolkata
      Reviewed on Mar 21, 2020
    • IndusInd Bank Credit Card
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I got a life time free card offer from INDUSIND bank hence applied through online on three months back. I received the call on time and the process was done on smooth. I got the card on exact time frame. The credit limit is sufficient and they provided good offers and benefit as well.I use this card for shopping and travel purpose.
      Was this review helpful? 50
      , kolkata
      Reviewed on Mar 21, 2020
    • RBL Bank Credit Card
      "Average service"
      0.5 1.0/5 "Really Bad"
      RBL credit card is a chargeable card, I always have to go to Bajaj Finance to pay my credit card bill. I am not satisfied with the customer service which has to be improved. I used this card when ever needed for shopping, fuel surcharge and bill payment.The limit of the card is fine.
      Was this review helpful? 85
      , ranchi
      Reviewed on Mar 21, 2020
    • HDFC Bank Credit Card
      "Good service"
      0.5 5.0/5 "Blown Away!"
      HDFC credit card is very convenience to use, I have been using the card for 4.5 months for Shopping, groceries, fuel surcharge and electricity bill payment also. I pay my credit card bill through ATM. I always get my bill on time, this card was suggested to me by the bank agent.
      Was this review helpful? 72
      , ranchi
      Reviewed on Mar 21, 2020
    • RBL Bank Credit Card
      "Okay service "
      0.5 3.0/5 "Satisfactory"
      I used RBL card for twice only. I get message or call for EMI conversion from banker. It is a life time free card. Once all the process done I received the card by 15 days. I am holding this card past 6 months. The credit limit is sufficient of 30K. Once I tried to convert for EMI of 3 months it was done on time without any problem. It is Bajaj card.
      Was this review helpful? 57
      , chennai
      Reviewed on Mar 21, 2020
    • SBI Cards Credit Card
      "Good card"
      0.5 5.0/5 "Blown Away!"
      I have been using SBI credit card for the last two months, the credit limit of the card was satisfied it was Rs.9,80,000. The bank agent came and collect my document he have informed me every detail about the card. The card have a charges of Rs.2299 in a year. I used to pay my credit card bill through bank. Am getting my card statement in softcopy but I wish the bank can send me a hard copy statement also.
      Was this review helpful? 91
      , gurgaon
      Reviewed on Mar 21, 2020
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