Credit Card FAQs
- What is a Credit Card?
A Credit Card is a payment tool that allows you to make purchases and pay for them later. It comes with a predetermined credit limit that you can use to make online or in-store purchases. You will receive a monthly statement detailing your spends, and you can choose to pay the full balance or a portion of it, with interest applied to the remaining balance if not paid in full.
- What is the purpose of a Credit Card?
A Credit Card allows you to buy products and services on credit, while you can pay for the same at a later date. It enables you to make purchases instantly and you do not have to postpone your expenses due to a lack of cash at hand or if you have limited funds in your Savings Account.
- How does a Credit Card Work?
When you use a Credit Card for a transaction, the bank pays the merchants or retailers on your behalf. After that, you have to repay the amount to the bank. Each month, you receive a statement detailing your charges, and you have the option to pay the full balance or a minimum payment on or before the Credit Card due date.
- How to apply for a Credit Card?
Here is how you can apply for a new HDFC Bank Credit:
- Apply for a Credit Card online through HDFC Bank's website by following these steps:
- Visit the Credit Card page on our website.
- Check your eligibility through our online eligibility calculator.
- Get right recommendation of HDFC Bank Credit Card for you.
- Provide your address and employment details for review.
- Authorise the application using Net Banking or your Debit Card.
- We will review your application internally. Upon successful approval, we will issue you a new Credit Card.
2. Visit your nearest HDFC Bank branch:
- Apply for a Credit Card using a physical form.
- Provide the necessary details and get your Credit Card delivered to your doorsteps.
- How to check the eligibility for an HDFC Bank Credit Card?
You can easily check your eligibility by visiting the HDFC Bank Credit Card page on the website. Enter your Mobile Number and Date of Birth, and we will let you know if you are eligible to get an HDFC Bank Credit Card.
- What are the documents required while applying for a Credit Card?
For existing HDFC Bank customers:
a. Being an HDFC Bank customer, your latest mailing address is updated in our records, so we will NOT need your address documents for an HDFC Bank Credit Card application, but we will require your income documents. In the event we do need your address proof, we will let you know accordingly. Acceptable income proof documents include salary slip or income tax return for the last 3 years.
b. In case your latest mailing address requires changing, you will need to provide your latest Address proof and income proof. Acceptable mailing address proof documents include an Aadhar card, Indian passport, voter ID (issued in India), and driving license (issued in India). Acceptable income proof documents include salary slip or income tax return for the last 3 years.
For new customers: We will need your address, income, and identity proof, as listed in the application process.
- Can cardholders who already have a Credit Card apply for another one?
You can easily apply for an HDFC Bank Credit Card despite already having a Credit Card if:
a. Your existing Credit Card is from another bank
b. You have a good Credit Score
However, if you already have an HDFC Bank Credit Card, we will not be able to give you another HDFC Bank Credit Card.
- How can I track and control my Credit Card spending?
Visit the HDFC Bank MyCards portal to effortlessly monitor and manage your Credit Card expenses.
- How can I track and control the Spends on my Credit Card?
Easily monitor and control your Credit Card Spends through HDFC Bank MyCards.
- Do I have to pay Credit Card bills if I don't use my Card?
HDFC Bank Credit Cards come with certain payable charges irrespective of whether you use your Card. However, if you meet certain conditions, we can waive those charges. Click here to know the conditions mentioned above.
- In what ways can cardholders utilise their reward points?
Once you have accumulated Reward Points, you can redeem them for products through the rewards catalogue, gift vouchers, flight tickets, hotel bookings etc., through NetBanking.
- What are the rules pertaining to interest payments on purchases made using a Credit Card?
You don't have to pay interest on all purchases. However, suppose you do not repay the total outstanding amount on or before the bill due date. In that case, the unpaid dues and all additional transactions begin attracting interest till the pending amount is repaid in full.
- What does Late Payment Fee on Credit Cards mean?
If you do not pay the minimum amount due on your Credit Card by the payment due date, you will be levied a late payment fee. Frequent late payments may affect your Credit Rating.
