- 1 How do HDFC credit cards work?
- 2 What is minimum amount due in HDFC credit card?
- 3 How is credit card payment done?
- 4 What is the salary limit for HDFC credit card?
- 5 Is HDFC giving credit card?
- 6 What are the disadvantages of credit card?
- 7 What happens if I overpay my credit card balance HDFC?
- 8 What will happen if I only pay minimum on credit card?
- 9 What happens if we dont pay HDFC credit card bill?
- 10 Is Credit Card good or bad?
- 11 What happens if I pay credit card before statement?
- 12 What is the best way to pay credit card bill?
- 13 Can I get credit card with 10000 salary?
- 14 Can I get credit card with 15000 salary?
- 15 What is minimum salary required for credit card?
How do HDFC credit cards work?
You have completed your purchases at your favourite store and use your Credit Card at the checkout counter. The storekeeper will swipe your card or insert it into a POS or point of sale machine. In most cases, the store will ask you to enter a PIN (personal identification number) to authenticate the transaction.
What is minimum amount due in HDFC credit card?
The minimum amount due on your HDFC credit card is 5% of the total outstanding amount on the card or Rs. 200, whichever is higher. Also, if there are any EMIs or unpaid dues from the previous statements, those will be added to your current outstanding and hence your minimum amount due also increases.
How is credit card payment done?
At the end of each monthly billing cycle, the card issuer will tell you how much you owe, the minimum payment it requires from you, and when that payment is due. By making at least the minimum payment, and making it on time, you’ll stay in good standing with your credit issuer.
What is the salary limit for HDFC credit card?
|HDFC Bank Credit Card Eligibility Criteria|
|Maximum Age||60 years (for salaried), 65 years (for self-employed)|
|Minimum Income Required||Rs. 10,000 onwards|
|Other Criteria||Should have a regular source of income Should have a decent credit score|
Is HDFC giving credit card?
HDFC Bank Credit Card Offers Our Credit Cards are tailor-made to match every single requirement of yours. With that comes, the Credit Card offers that you can’t miss.
What are the disadvantages of credit card?
Disadvantages of using credit cards
- Established credit -worthiness needed before getting a credit card.
- Encouraging impulsive and unnecessary “wanted” purchases.
- High-interest rates if not paid in full by the due date.
- Annual fees for some credit cards – can become expensive over the years.
- Fee charged for late payments.
What happens if I overpay my credit card balance HDFC?
When you overpay your credit card bill, it remains in your credit card account which can be used for future purchases. However, if you want to claim a refund, you will have request it in form of writing or contact the customer care over phone for refunding.
What will happen if I only pay minimum on credit card?
What Happens If I Make Only the Minimum Payment on My Credit Card? Offering only the minimum payment keeps you in debt longer and racks up interest charges. It can also put your credit score at risk.
What happens if we dont pay HDFC credit card bill?
Currently HDFC Bank charges 1.10% as balance transfer fee. As a Credit Card holder, if you do not make the minimum payment on your Credit Card which is 5% of statement balance by stipulated date or time on your bill, you will be subjected to a late payment fee.
Is Credit Card good or bad?
Credit cards are neither good nor bad. They are financial tools that must be used with care. Cards can help or hurt your finances if you don’t use them responsibly. At the same time, credit cards used properly offer a convenient payment method that can build credit and earn rewards for users.
What happens if I pay credit card before statement?
By making a payment before your statement closing date, you reduce the total balance the card issuer reports to the credit bureaus. That in turn lowers the credit utilization percentage used when calculating your credit score that month.
What is the best way to pay credit card bill?
It’s best to pay the statement balance on your credit bill by the due date each month. Doing so will allow you to avoid incurring any interest or fees. You could alternatively pay your current balance, which will be higher than your statement balance, since it includes charges from the current billing cycle.
Can I get credit card with 10000 salary?
Can I get a credit card with a 10000 salary? You can get a credit card with a salary of Rs. 10,000, but you won’t have a wide variety of options when it comes to picking the credit card you want. You might not even be able to get a credit card from a specific lender that you prefer.
Can I get credit card with 15000 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 minimum salary required for credit card?
Credit Card Eligibility
|Credit Card Provider||Age Requirement||Min. Income Requirements|
|Citibank||23 – 60 years||Rs. 25,000 per month|
|HDFC Bank||21 – 60 years||Rs. 13,500 per month|
|HSBC Bank||21 – 60 years||Rs. 3.00 lakh per annum|
|ICICI Bank||21 – 60 years||Rs. 15,001 per month|