What is revolving credit in HDFC credit card?
In case of installment accounts, you borrow a particular sum from the bank or NBFC only one time and pay it back in fixed installments over a fixed period of time. On the other hand, a revolving credit account, like a credit card, allows you to borrow money again and again, subject to your maximum credit limit.
Which type of HDFC credit card is best?
List of Top 10 HDFC Credit Cards in India 2022
|Credit Card||Annual Fee (in Rs.)||Best Suited For|
|HDFC Millennia Credit Card||1,000||Cashback|
|HDFC Titanium Times Credit Card||500||Movies & Dining|
|HDFC Platinum Times Credit Card||1,000||Movies & Dining|
|HDFC Diners Clubmiles Credit Card||1,000||Travel|
What is the minimum limit of HDFC credit card?
Income Eligibility for Top HDFC Credit Cards
|Credit Card||Minimum Income for Salaried|
|HDFC Millennia Credit Card||Rs. 25,000 p.m.|
|HDFC Times Titanium Credit Card||Rs. 25,000 p.m.|
|HDFC Times Platinum Credit Card||Rs. 35,000 p.m.|
|HDFC Diners Clubmiles Credit Card||Rs. 30,000 p.m.|
What is the interest rate for HDFC money back credit card?
The card offers 2X reward points on online shopping and 2 reward points on every retail spend. The benefits provided on this credit card are quite satisfactory as compared to the annual fee….HDFC MoneyBack Credit Card: Fees & Charges.
|Annual Fee||Rs. 500|
|Finance Charges||3.6% p.m. (43.2% p.a.)|
What is charges on revolving credit?
A revolving charge refers to a type of credit in which the amount owed and the length of time it is owed are variable. A credit card is a financial instrument that offers revolving charges.
What is interest on revolving credit?
The formula to calculate interest on a revolving loan is the balance multiplied by the interest rate, multiplied by the number of days in a given month, divided by 365. In a month with 31 days, you’ll multiply by 31 before dividing by 365. In a month with 30 days, you’ll multiply by 30 before dividing by 365.
Can I have two HDFC credit card?
To be more clear, Yes, you can have four credit cards “theoretically” as per CIBIL records. But, No, you can’t have 4 different HFC cards in reality.
Can I hold 2 HDFC credit cards?
Its a known fact that HDFC issues only one credit card for majority of their customers and for a selected few, they do issue two credit cards on exception, provided they’re eligible for such higher line of credit.
Can I get credit card for 18000 salary?
Banks do provide credit cards for low salaried (Rs 8,000- Rs 15,000) depending on the annual income. Eligibility on the card will be 3 times of the monthly salary.
What is the maximum limit of HDFC money back credit card?
HDFC Moneyback Credit Card Limit: Rs. 25,000 – Rs. 1,50,000.
Can we withdraw money from HDFC money back 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. However, before withdrawing the cash make sure you have enough cash limit on your card.