HDFC Bank Credit Card Cash Withdrawal

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HDFC Bank Credit Card’s Cash Withdrawal Fees

Credit cards by HDFC Bank offer a quick and easy way to carry out online and offline transactions. In addition, you can make cash withdrawals from HDFC Bank credit cards. Opting for this facility gives you access to funds up to a certain percentage of your credit limit.

It is essential to remember that this facility comes with a cash withdrawal or cash advance fee, along with interest charges. This makes it essential to know the associate fees and charges and plan repayment better.

HDFC Bank Credit Card Cash Withdrawal Fee and Charges

Refer to the following table to know the cash withdrawal charges on your HDFC Bank credit card:

Particulars	Fee and Charges
Credit card cash withdrawal fee	2.5% of the amount or ₹500, whichever is higher.

Disclaimer: Please note that all figures mentioned above are subject to change at the discretion of HDFC Bank.

Example:

You have an HDFC Bank credit card. You choose to withdraw a certain amount due to some personal emergency. Now, as the bank charges 2.5% or ₹500, whichever is higher, take a look at what the cash withdrawal fee calculation would look like for the following scenarios:

Scenario 1:

Withdrawn amount: ₹5000
Charges: 2.5%*5000=₹125

As the calculated value is lower than ₹500, you would pay ₹500 as the cash withdrawal charges.

Scenario 2:

Withdrawn amount: ₹75,000
Charges: 2.5%*75,000=₹1,875

Now, as the calculated value is higher than ₹500, you would pay the actual amount, i.e. ₹1,875 as the cash withdrawal charges.

How to Withdraw Cash Using an HDFC Bank Credit Card

HDFC Bank allows you to get funds conveniently using your credit card at any ATM. Follow these steps for HDFC Bank credit card cash withdrawal:

Go to your nearest ATM
Insert or swipe your HDFC Bank credit card into the slot
Select the ‘Cash Withdrawal’ option
Enter the amount you wish to withdraw
Enter your credit card PIN
Wait for the machine to process your amount
Collect the cash and your credit card

Note that some cards may require an OTP received on your registered mobile number to verify your transaction. This adds to the security of your credit card via two-factor authentication.

HDFC Bank Credit Card Cash Limit

With the majority of credit cards, you can withdraw a fixed amount based on your existing credit card limit. For HDFC Bank credit cards, the cash withdrawal limit is 40% of your total credit card limit.

For example, if you have a credit limit of ₹80,000, you can make a cash advance of up to ₹32,000 using your card. You would have to use the remaining amount for transactions.

Interest Rate on HDFC Bank Credit Card Cash Withdrawal

Apart from the cash withdrawal charges, the bank levies interest on the amount from the time when cash is withdrawn. Here are the details:

Particulars	Fees and Charges
Credit Card Cash Withdrawal Interest Rate	Ranges from 1.99% to 3.75% per month

Disclaimer: Please note that all figures mentioned above are subject to change at the discretion of the bank.

Here is the interest rate applicable for specific cards by the bank:

Credit Card Variant	Interest Rate (p.m.)	Interest Rate (p.a.)
Infinia (Metal Edition), Infinia, BizBlack Metal Card, H.O.G Diners Club, Diners Black Metal Edition, Diners Black	1.99%	23.88%
Other Credit Card Variants	3.75%	45%

Disclaimer: The interest is to be paid in addition to the cash withdrawal charges. The bank may change these rates if and when mandated by RBI.

Charges applicable in case of default	3.50% p.m. (Maximum) 42% p.a.

Disclaimer: The interest rates are only indicative and subject to change at the discretion of the bank.

Pros and Cons of HDFC Bank Cash Advance Facility

Here are some benefits and limitations associated with the facility of cash withdrawal with HDFC Bank credit cards:

Pros	Cons
Enjoy quick access to cash in case of an emergency Avoid penalties and charges by paying the amount back on time Get funds without waiting for approval or filing lengthy forms No need to apply for a loan when you can get cash up to a pre-approved limit Keep track of your due amount using the net and mobile banking option	The interest rates could be higher than regular credit card interest rates You will not earn reward points for making this type of withdrawal You need to pay fees for making withdrawals, which adds to your financial burden

DISCLAIMER

The information provided by BFDL herein above is related to the Non-Partnered Banks/ NBFCs and is just for the purpose of information and under no circumstances the information provided hereinabove is intended to be source of advice or recommending any financial advice or endorsement of any sort.

The information including interest rates or fees and charges with regard to any credit card, provided on this website is gathered through publicly available sources over the internet and is considered as accurate and reliable to the best of our knowledge. BFDL disclaims any responsibility or liability regarding inaccuracies, omissions, mistakes etc. as well as offers by the Non-Partnered Banks or NBFCs. The use of information set out is entirely at the User’s own risk and User should exercise due care prior taking of any decision, on the basis of information mentioned hereinabove. You are advised to visit/ contact the respective Banks/ NBFCs to verify the information before making any application or opening an account. Further, BFDL does not undertake any responsibility or liability to update this information. YOU ARE SOLELY RESPONSIBLE FOR ANY LIABILITY OR DAMAGE YOU INCUR THROUGH ACCESS TO OR USE OF THE SITE OR SUCH INFORMATION OR MATERIALS EXCEPT WHERE THE LAWS AND REGULATIONS OF A PARTICULAR JURISDICTION CONCERNING WARRANTIES CANNOT BE WAIVED. Additionally, display of any trademarks, tradenames, logo and other subject matters of intellectual property owners. Display of such Intellectual Property along with the related product information does not imply BFDL’s partnership with the owner of the Intellectual Property of such products.

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Are there any charges levied on HDFC Bank credit card cash withdrawals?

You need to pay a cash advance fee on each withdrawal transaction you carry out through your HDFC Bank credit card. This fee is 2.5% of your withdrawal amount or ₹500, whichever is higher. You will also need to pay interest on the total amount withdrawn.

Can I transfer money from an HDFC Bank credit card to a bank account?

No, you cannot make direct bank transfers using your credit card. However, you can add some money from your credit card account to a wallet and then transfer this amount. You can also withdraw cash using your credit card and deposit it into your bank account.

What is the charge if I withdraw cash from an HDFC Bank credit card?

You will need to pay a cash withdrawal fee of 2.5% of the amount you withdraw or ₹500, whichever is higher. You will also need to pay interest on the amount you withdraw from the date of the withdrawal. The rate of interest would vary depending on your credit card variant.

Can I withdraw money from an HDFC Bank credit card at any ATM?

Yes, you can make a credit card cash withdrawal using your HDFC Bank credit card at any ATM, provided the same is within the specified limit. This is subject to your eligibility for this facility.