In a partial relief to HDFC Bank, the largest private sector bank of the country, the Reserve Bank of India (RBI) has allowed the lender to issue new credit cards, sources in the bank said. … HDFC Bank is by far the largest credit card issuer in the country, and remains so even after the ban.
Does HDFC issue credit card now?
MUMBAI: The Reserve Bank of India (RBI) has allowed HDFC Bank to issue credit cards to new customers in a partial rollback of the restrictions imposed by the central bank in December 2020. The ban on launch of new digital offerings will continue for now.
How many days does it take to get HDFC credit card?
How many days does it take to process an HDFC credit card application? Once HDFC receives your credit card application, it will take a maximum of 21 working days to deliver your credit card. If there are any issues or missing documents or information in the application, the process may get delayed further.
What is the minimum limit of HDFC credit card?
The minimum monthly salary to avail an HDFC credit card is Rs. 10,000.
How can I check my HDFC credit card limit?
Which number do I call to know my HDFC credit card limit? To find out your credit card limit, there are no calls to be made. You can SMS CCACL Last four digits of your credit card number to 5676712.
Is HDFC credit card ban lifted?
The central bank had in August lifted the partial ban on HDFC Bank allowing it to resume issuing credit cards. The embargo was enforced in December 2020. The curbs were imposed on the bank owing to multiple glitches in its internet and mobile banking systems over the past two years.
Why did RBI ban HDFC credit card?
On December 3 last year, RBI barred HDFC Bank from issuing new credit cards and introducing new digital products after multiple glitches linked to digital banking, cards and payments on the bank’s platform were reported in the past two years. HDFC Bank lost market share in credit cards while its rivals gained.
Does HDFC issue MasterCard?
The bank has open architecture for products including cards, says MD & CEO. The recent ban on MasterCard on acquiring new customers will not impact HDFC Bank as it has pacts with other payment platforms including Visa and RuPay. “Mastercard is a significant franchisee partner for the bank.
How can I talk to HDFC credit card customer?
HDFC Credit Card Toll Free Helpline Number- Other Locations
- 1800 266 4332. hdfc credit card customer care Ajmer.
- 1800 266 4332. hdfc credit card customer care Allahabad.
- 1800 266 4332. hdfc credit card customer care Bareilly.
- 1800 266 4332. …
- 1800 266 4332. …
- 1800 266 4332. …
- 1800 266 4332. …
- 1800 266 4332.
Is RBI allows HDFC credit card?
The RBI has partially lifted a ban on HDFC Bank, allowing the private lender to issue new credit cards. … The Reserve Bank of India (RBI) has partially lifted restrictions imposed on HDFC Bank, allowing the private lender to resume issuing credit cards after it was banned from doing so in December 2020.
Is HDFC regalia Card International?
With the HDFC Bank Regalia Credit Card, you enjoy a complimentary Priority Pass membership that offers access to 1000+ airport lounges across the world. With Regalia First, you get complimentary international lounge access thrice a year!
Which is better regalia or regalia first?
Bottomline. From above comparison chart, it’s quite evident that though Regalia and Regalia share the similar features, the benefits in Regalia First are lower than Regalia. This is quite expected as Regalia has higher income eligibility criteria and annual fees than Regalia First.
What is the salary limit for HDFC credit card?
Someone earning say Rs 50,000 per month is eligible for a different type of card than a person earning Rs 25,000 per month. On an average, income requirement is between Rs 1,44,000 and Rs 25,00,000 per annum for both salaried persons and self-employed.
Does credit limit increase automatically?
Credit limit increases can happen automatically with no action on your part, or by your request. Automatic credit limit increases may happen annually or if your card issuer notices you recently updated your income.
Can I overpay my credit card to increase limit?
One way to get more spending power is by overpaying your account and creating a negative credit card balance. By doing this, you’ll be able to artificially increase the amount you can spend on your card.
Is Regalia first a good card?
HDFC Regalia First Card is a good option for individuals who expect decent travel and shopping benefits from their credit card but do not want to spend a lot on joining and/or annual fee. It’s a low-fee variant of the premium travel credit card HDFC Regalia, offers lounge access at airports in India and abroad.
Is Regalia first card free?
Is HDFC Regalia First credit card lifetime free? No, the HDFC Regalia First credit card attracts a joining fee of Rs. 1000 + GST. The annual fee on the credit card is Rs.
Does HDFC charges for international transactions?
Will I be charged by HDFC bank for international transactions? Yes, you will be charged 3.5% and taxes when you make a transaction in foreign currency.
Can I convert HDFC Regalia reward points to cash?
Yes, you can convert your HDFC Bank credit card reward points to cash, but it is not available on all cards. … The amount will be added to your credit card account, which can be used to pay the outstanding principal.
Does HDFC debit card give lounge access?
Debit cards issued by popular banks like HDFC Bank, ICICI Bank, Axis Bank etc. provide free airport lounge access. … Prefer debit cards on MasterCard platform over Visa & RuPay as former has wider coverage of airport lounges in their network.
How do I activate my HDFC credit card?
How to Activate HDFC Credit Card through ATM
- Call phone banking and select the option to set credit card PIN.
- You will receive an OTP on registered mobile number.
- Now, insert the credit card in an HDFC Bank ATM.
- Select “Create new ATM PIN using OTP” option.
- Enter OTP received on your registered mobile number.
How can I close my HDFC credit card?
How do I deactivate my credit card? You can deactivate your credit card by calling the customer care number of HDFC Bank or download the credit card closure form, fill it and send it to the Manager, HDFC Bank Credit Cards, PO Box 8654, Thiruvanmiyur, Chennai – 600041.
How can I increase my credit card limit?
How can you increase the credit limit on your Credit Card?
- Boost Your Credit Score. …
- Repay dues on time. …
- Be careful about the Credit Utilisation Ratio. …
- Show proof of increase in income. …
- Reduce the financial obligations you have. …
- Apply for a new card.