HDFC Bank offers the flexibility to withdraw cash using a credit card, but it comes with certain limitations and charges. Customers can avail of credit card cash withdrawals up to 40% of the credit limit. Exceeding the HDFC credit card cash withdrawal limits per day incurs additional fees.
If you’re wondering about the HDFC credit card cash withdrawal limit per day for your credit card, this guide will provide you with all the essential details. The blog also covers associated fees, methods to withdraw cash, and ways to minimize charges. Let’s explore the details.
Table of contents
- HDFC Credit Card Cash Withdrawal Limit Per Day
- HDFC Credit Card Cash WIthdrawal Charges and Interest Rates
- How to Avoid High Charges on Credit Card Cash Withdrawal?
- How to Withdraw Cash Using an HDFC Credit Card?
- How to Increase Your HDFC Credit Card Cash Withdrawal Limit?
- Is It a Good Idea to Withdraw Cash Using an HDFC Credit Card?
- Alternatives to Credit Card Cash Withdrawal
- FAQs
HDFC Credit Card Cash Withdrawal Limit Per Day
The HDFC credit card cash withdrawal limit per day depends on the specific HDFC credit card you own.
Typically, HDFC Bank allows cardholders to withdraw up to 40% of their total credit limit as a cash advance. However, corporate credit cards may have a cash withdrawal limit of 30%.
This means that if your credit limit is INR 1 lakh, you can withdraw between up to INR 40,000 as cash.
Millennia HDFC credit card cash withdrawal limit limits might differ from those of an HDFC Regalia or Diners Club card.
- HDFC Bank has implemented a daily ATM cash withdrawal limit of INR 2 Lakhs for accounts older than 6 months.
- For new accounts, the limit is capped at INR 50,000 per day for the first 6 months from the account opening date.
To check your card-specific HDFC credit card cash withdrawal limit per day, you can log in to your HDFC NetBanking account or contact customer support.
HDFC Credit Card Cash WIthdrawal Charges and Interest Rates
Many people look for ways to withdraw money from credit card without charges, but currently, HDFC charges a cash advance fee for ATM withdrawals.
To estimate the exact cost, you can use the HDFC credit card cash withdrawal charges calculator available on the HDFC website.
Check out the charges and interest rates applicable on HDFC credit card cash withdrawals-
Cash Withdrawal Limit
- HDFC Bank typically sets a cash withdrawal limit of 40% on most credit cards, but corporate cards may have a 30% limit.
- For example, if your credit limit is INR 1 lakh, you can withdraw INR 20,000 to INR 40,000 as cash.
Cash Advance Fee
- HDFC Bank charges a cash advance fee for each cash withdrawal transaction.
- The fee is 2.5% of the withdrawn amount or INR 500, whichever is higher. For instance, withdrawing INR 40,000 would incur a fee of INR 1,000 (2.5% of INR 40,000), while withdrawing INR 5,000 would incur a fee of INR 500.
- This fee is added to your credit card statement.
Interest Charges
- In addition to the cash advance fee, interest is charged on cash withdrawals from the withdrawal date until the settlement date.
- There is no interest-free period for cash withdrawals, and interest accrues from the day of the transaction until it’s paid in full.
- HDFC Bank credit cards have monthly interest rates ranging from 1.99% to 3.6%, which translates to annual interest rates of 23.88% to 43.2%. In case of default, the rate can increase to 3.5%.
ATM Fees
- HDFC Bank allows five free ATM transactions per month, depending on the location.
- After exceeding this limit, an ATM maintenance or interchange fee of INR 17 per cash withdrawal applies.
- For non-cash transactions, the fee is INR 6. These fees do not include taxes.
Late Payment Fee
- If the full amount is not repaid, late payment fees are charged on the outstanding balance, potentially ranging from 15% to 30%.
Please note that foreign transaction fees like markup fees, dynamic currency conversion charges, and ATM charges also apply if you use HDFC credit cards abroad or HDFC international debit cards.
Refer to the table below for a better understanding-
| Fee/Charge | Description |
| Cash Withdrawal Limit | Typically 40% of the credit limit (30% for corporate cards). |
| Cash Advance Fee | 2.5% of the withdrawn amount or INR 500, whichever is higher. |
| Interest Rate | Monthly interest rates range from 1.99% to 3.6% (23.88% to 43.2% annually); 3.5% in case of default. |
| ATM Fees | Up to 5 free ATM transactions per month, then INR 17 per cash withdrawal.INR 6 for non-cash transactions. |
| Late Payment Fees | Levied on outstanding balances if the full amount is not repaid; could be anywhere from 15% to 30%. |
Also Read: Check here all the details about HDFC loans against credit cards. Know the features, eligibility, and documents required for the loan.
How to Avoid High Charges on Credit Card Cash Withdrawal?
If you must withdraw cash, follow these tips to minimize charges:
- Repay as soon as possible to avoid accumulating interest.
- Check for special offers—HDFC sometimes offers lower cash advance fees on select cards.
- Use a loan instead—interest rates are much lower than cash withdrawals.
- Avoid frequent withdrawals, as each transaction incurs a separate fee.
How to Withdraw Cash Using an HDFC Credit Card?
Withdrawing cash from an HDFC credit card is simple and can be done via any ATM that accepts Visa, Mastercard, or RuPay cards. Follow these steps:
- Insert your HDFC credit card into the ATM.
- Select the “Cash Withdrawal” option.
- Enter the amount (ensure it is within your daily withdrawal limit).
- Enter your PIN to complete the transaction.
- Collect your cash and receipt.
However, please note that using an HDFC credit card to withdraw cash comes with fees and high interest rates.
How to Increase Your HDFC Credit Card Cash Withdrawal Limit?
If your HDFC credit card cash withdrawal limit per day is too low for your needs, there are ways to request an increase. However, banks set these limits based on your creditworthiness and repayment history. Here’s how you can improve your chances of increasing your cash withdrawal limit:
1. Request a Limit Increase on Your Existing Card
HDFC Bank allows eligible cardholders to request an increase in their credit and cash withdrawal limit. You can apply for an increase through:
- NetBanking: Log in to your HDFC account and check if you’re eligible for a limit enhancement.
- Customer Support: Call HDFC customer care to request a review of your withdrawal limit.
- Branch Visit: Visit your nearest HDFC branch and apply.
2. Improve Your Credit Score
A higher credit score boosts your eligibility for a limit increase. To maintain a good score:
- Pay all your credit card dues on time.
- Keep your credit utilization low.
- Avoid multiple loan applications within a short period.
3. Show Higher Income
If you’ve recently received a salary hike or have additional income sources, inform HDFC Bank. A higher income increases your repayment capacity, making you eligible for a higher HDFC credit card cash withdrawal limit per day in India.
4. Apply for a Premium HDFC Credit Card
Different credit cards have varying HDFC cash withdrawal limits. If you frequently need cash advances, upgrading to a premium card like HDFC Regalia or Diners Club may offer a higher HDFC Credit Card ATM withdrawal limit.
5. Accept Automatic Limit Increases
HDFC Bank periodically offers automatic credit limit increases to responsible cardholders. Accepting these offers can indirectly raise your HDFC Credit Card Cash Withdrawal Limit Per Day since cash withdrawals are a percentage of your total credit limit.
By following these steps, you can enhance your withdrawal limit and reduce financial constraints. However, always use cash advances wisely to avoid high HDFC credit card cash withdrawal charges.
Is It a Good Idea to Withdraw Cash Using an HDFC Credit Card?
While HDFC credit cards allow cash withdrawals, it is generally not advisable due to high charges. Here are some pros and cons:
Pros
- Immediate cash availability in emergencies.
- No need for prior approval like personal loans.
Cons:
- High finance charges that accumulate daily.
- No interest-free period on cash withdrawals.
- Can negatively impact your credit score if not repaid on time.
Instead, consider alternative options to withdraw money from a credit card without charges HDFC, which we discuss next.
Also Read: Check here all the major details on HDFC Credit Card Loan Repayment. Know the process, modes and important tips for repayment.
Alternatives to Credit Card Cash Withdrawal
Using a credit card for cash withdrawal should be your last resort, especially considering the high interest rates and HDFC credit card cash withdrawal repayment burden. To avoid high fees, consider these alternatives:
- Personal Loan from HDFC: Lower interest rates compared to cash advances.
- Overdraft Facility: HDFC Bank offers an overdraft option on savings accounts.
- EMI Conversions: Instead of withdrawing cash, convert expenses into EMIs
- Borrow from Friends or Family: A simple, interest-free option.
While the HDFC credit card cash withdrawal limit per day allows you to withdraw emergency cash, the associated fees make it a costly option. Consider alternatives like personal loans or overdraft facilities to avoid unnecessary expenses.
If you do withdraw cash, ensure quick repayment to minimize interest charges. For more details, check the HDFC credit card cash withdrawal charges calculator on the official HDFC Bank website. Always make informed financial decisions to keep your costs low!
FAQs
The HDFC credit card cash withdrawal limit per day is typically 40% of your total credit limit. Corporate cards may have a 30% limit. For accounts older than 6 months, the ATM cash withdrawal limit is INR 2 Lakhs. New accounts have a limit of INR 50,000 per day for the first 6 months.
You can typically withdraw up to 40% of your credit limit as cash. If your credit limit is INR 1 lakh, you can withdraw up to INR 40,000.
Yes, you can withdraw INR 5,000 if it’s within your available cash limit. Keep in mind the HDFC credit card cash withdrawal charges that apply.
– Cash Advance Fee: 2.5% of the withdrawn amount or INR 500, whichever is higher.
– Interest Rate: 1.99% to 3.6% per month (23.88% to 43.2% annually).
– ATM Fees: INR 17 per withdrawal after 5 free monthly transactions.
– Late Payment Fees: 15% to 30% of the outstanding balance.
Use the HDFC credit card cash withdrawal charges calculator available on the HDFC website to estimate the exact cost.
Currently, HDFC charges a cash advance fee for ATM withdrawals. Consider alternative options like a personal loan or overdraft facility.
– Repay the withdrawn amount as soon as possible.
– Look for special offers with lower cash advance fees.
– Consider a personal loan with lower interest rates.
– Avoid frequent withdrawals.
1. Insert your HDFC credit card into the ATM.
2. Select the “Cash Withdrawal” option.
3. Enter the amount (within your daily withdrawal limit).
4. Enter your PIN to complete the transaction.
5. Collect your cash and receipt.
– Request a limit increase through NetBanking, customer support, or a branch visit.
– Improve your credit score.
– Show higher income.
– Apply for a premium HDFC credit card.
– Accept automatic limit increases.
The cash withdrawal limit is 40% of the credit limit, and the charges are 2.5% of the withdrawn amount or INR 500, whichever is higher.
HDFC credit card holders can check both their total cash limit and available cash limit through net banking.
When you use an HDFC credit card to withdraw cash from an ATM, you can pay the money back through flexible EMIs (Equated Monthly Statement).
To learn more about education loans, the best bank accounts for students, forex, banking experience for global students, or international money transfers, reach out to our experts at 1800572126 to help ease your experience with studying abroad.
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