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    BusinessGold Charges

    Uploaded by

    Shivam Vinoth
    The document outlines various charges associated with the Business Gold Credit Card, including: - An interest free period of up to 50 days. Annual/renewal fee of Rs. 199 with spend-based waiver conditions. - Interest rates starting at 3.4% per month (40.8% annually) on revolving credit balances. Higher rates apply for cash advances and defaults. - Additional fees for cash advances, late payments, returned payments, cash deposits, balance transfers, fuel purchases, tickets, card replacements and more. - Service tax is applicable to all fees, interest and charges. Existing cards will be upgraded to the Business Platinum Chip card on renewal.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    BusinessGold Charges

    Uploaded by

    Shivam Vinoth
    47 views1 page
    The document outlines various charges associated with the Business Gold Credit Card, including: - An interest free period of up to 50 days. Annual/renewal fee of Rs. 199 with spend-based waiver conditions. - Interest rates starting at 3.4% per month (40.8% annually) on revolving credit balances. Higher rates apply for cash advances and defaults. - Additional fees for cash advances, late payments, returned payments, cash deposits, balance transfers, fuel purchases, tickets, card replacements and more. - Service tax is applicable to all fees, interest and charges. Existing cards will be upgraded to the Business Platinum Chip card on renewal.

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    The document outlines various charges associated with the Business Gold Credit Card, including: - An interest free period of up to 50 days. Annual/renewal fee of Rs. 199 with spend-based waiver conditions. - Interest rates starting at 3.4% per month (40.8% annually) on revolving credit balances. Higher rates apply for cash advances and defaults. - Additional fees for cash advances, late payments, returned payments, cash deposits, balance transfers, fuel purchases, tickets, card replacements and more. - Service tax is applicable to all fees, interest and charges. Existing cards will be upgraded to the Business Platinum Chip card on renewal.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    47 views1 page

    BusinessGold Charges

    Uploaded by

    Shivam Vinoth
    The document outlines various charges associated with the Business Gold Credit Card, including: - An interest free period of up to 50 days. Annual/renewal fee of Rs. 199 with spend-based waiver conditions. - Interest rates starting at 3.4% per month (40.8% annually) on revolving credit balances. Higher rates apply for cash advances and defaults. - Additional fees for cash advances, late payments, returned payments, cash deposits, balance transfers, fuel purchases, tickets, card replacements and more. - Service tax is applicable to all fees, interest and charges. Existing cards will be upgraded to the Business Platinum Chip card on renewal.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 1

    SCHEDULE OF CHARGES

    (Version 1.4)
    Description of Charges

    Business Gold Credit Card

    Interest Free Period

    Up to 50 days

    Minimum Repayment Amount

    5%, Minimum Rs. 200

    Cash Advance Limit

    30% of the credit limit

    Annual / Renewal Fee

    Rs. 199

    Spend condition for waiver of annual charges

    1st year fee waiver condition:


    Rs. 5,000 retail spends in first 3 months from the card setup date.
    Renewal fee (2nd year onwards) waiver condition:
    Rs. 15,000 retail spends in 12 months from card renewal date.

    Additional Card fee

    Life time free

    Charges On revolving Credit

    W.e.f. 1 Sep14,
    Initial interest rate at card issuance will be 3.4% p.m. (40.8% p.a.)
    This can change periodically based on spends, payback and utilization patterns.
    The maximum interest rate, in the event of default will be 3.5% p.m. (42% p.a.)
    Cards issued against fixed deposit: 1.99% p.m. (23.88% p.a.) applicable from transaction
    date.

    Cash Advance Charges

    2.5% on amount withdrawn or Rs. 300 whichever is higher.

    Late Payment Charges


    (Basis Credit Card bill amount)

    Statement Balance
    Bills up to Rs.100
    Bills between Rs. 100 and Rs. 500
    Bills between Rs. 501 and Rs. 5,000
    Bills between Rs. 5,001 and Rs. 20,000
    Bills above Rs. 20,000

    Charges on over limit account

    2.5% of over limit amount, subject to a minimum of Rs. 500

    Payment return Charges

    2% of payment amount, subject to minimum of Rs. 450

    Cash Processing Fees

    Rs. 100 (for all card payments made by depositing in HDFC Bank branches or ATMs)

    Balance Transfer / Balance Transfer on EMI


    Processing Charges

    2% of BT / BT on EMI amount or Rs. 250, whichever is higher

    Petrol Surcharge
    (subject to minimum of Rs. 10)

    2.5% - Waived off for transaction value between Rs. 400 to Rs. 5000
    th
    W.e.f. 15 Aug14. It will be capped at maximum of Rs. 250 per statement

    Railway Ticket Purchase Fee

    Rs. 30 + 2.5% of transaction amount

    Reissue of Lost, Stolen or Damaged Card

    Rs. 100

    Outstation Cheque Processing Charge

    Cheque value upto Rs. 5,000 Fee will be Rs. 25,


    Cheque value above Rs. 5,000 - fee will be Rs. 50

    Retrieval Fees (Charge slip)

    Rs. 125 per Chargeslip

    Foreign Currency Transactions

    Bank charges Cross currency mark-up of 3.5%

    st

    Late Payment Charges


    Nil
    Rs. 100
    Rs. 400
    Rs. 500
    Rs. 700

    Service Tax
    Applicable on all fees, interest and other charges
    Please note, We have discontinued this product and all existing cards are being automatically upgraded to Business Platinum Chip
    Credit Card on Renewal/Reissuance. Annual fee for Business Platinum Chip Credit Card is Rs. 299 + taxes.

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