HDFC Credit Card Cash Withdrawal Charges and Interest Rates

Imagine withdrawing ₹40,000 to ₹80,000 in cash through your HDFC credit card! Wouldn’t that be a great help during emergencies? This cash advance facility linked to all HDFC credit cards definitely makes these products stand out in the market. 

Read this blog to learn about HDFC credit card cash withdrawal charges, interest rates, withdrawal limits, and more.

Quick Overview

• The HDFC Bank credit card cash withdrawal charges are 2.5% or ₹500.
• Interest rates range anywhere between 1.99% to 3.49% for credit card cash withdrawal.
• The interest rate can be changed as and when regulated by the RBI.

HDFC Credit Card Cash Withdrawal Charges 

The HDFC Bank charges a 2.5% fee on the amount you withdraw or deducts ₹500 as withdrawal charges (whichever is higher).

Suppose you withdraw ₹50,000 cash by swiping your HDFC Bank credit card. You have to pay ₹1,250 as a withdrawal fee.

But, if you withdraw ₹5,000, the bank will deduct ₹500 from you as a withdrawal fee, as the regulation of deducting 2.5% will keep the bank from deducting only ₹125 from you. 

Keep in mind, this fee is at the discretion of the bank and can be changed over time. And remember that the withdrawal charges are applicable from the date you withdraw cash until the outstanding amount is fully paid.

HDFC Credit Card Cash Withdrawal Interest Rates 

Credit card cash withdrawals attract an interest rate, which is almost similar to the monthly finance charges applied to your HDCF credit card. This rate is calculated monthly on the cash taken out, starting from the withdrawal date to the date of settlement.  

Generally, the rate ranges anywhere between 1.99% to 3.49%. However, it can extend to 3.50% (maximum) for some rare cases. 

Note that the bank can change these rates to follow the latest RBI guidelines. And you are liable to bear the interest along with the HDFC credit card ATM withdrawal charges.

HDFC Bank Credit Card Cash Withdrawal Limit Per Day 

The credit card cash withdrawal limit or cash advance limit of the HDFC Bank ranges between 20% to 40%. It means, if your credit card limit is ₹2,00,000, you can withdraw an amount somewhere between ₹40,000 and ₹80,000. 

However, the kind of credit card you own (like regular, premium, super premium or co-branded) decides how much you can withdraw as a cash advance.

Pros of HDFC Credit Card Cash Advance Facility 

• Instant Cash: With the cash advance facility linked to your HDFC credit card, you can withdraw cash 24*7 from any ATM as per your need.
• Crisis Handling: During emergencies, having cash in hand helps you deal with situations in a better way. At that time, this facility proved to be a useful option. 
• Pay Back via EMI: After withdrawing cash using your HDFC Bank credit card, you can make the settlement via the EMI facility linked to your card.
• No Documentation, No Approval: The best thing about this facility is that you do not need to provide any documents or obtain approval from the bank.

Cons of HDFC Credit Card Cash Advance Facility 

• Withdrawal Charges: The main drawback of the HDFC credit card cash advance facility is that it attracts charges for every withdrawal.
• Pay Interest: Apart from withdrawal charges, interest is applied from the date you withdraw the amount till the settlement. 

4 Tips to Maximise Your HDFC Credit Card Cash Withdrawal Limit

1. Apply for an Increase: You can request an increase in your credit card cash withdrawal limit via NetBanking, by calling HDFC customer care or by visiting the nearest bank branch.
2. Show Proof of Income Increment: Suppose you recently received a salary hike or created another income source. Show the proof of income increment to your bank and increase your cash withdrawal limit. 
3. Improve Credit Score: A higher credit score ensures better repayment capacity. So, improve your credit score using proven strategies and become eligible for the limit increase. 
4. Apply for a Premium Credit Card: You must know that different credit cards come with different cash withdrawal limits. By choosing premium cards like HDFC Diners Club or Regalia, you can enjoy a significantly higher ATM withdrawal limit. 

How to Avoid High Charges on HDFC Credit Card Cash Advance Facility? 

• Repay the withdrawn amount as soon as possible to avoid paying higher interest.
• HDFC Bank sometimes provides special offers to its credit cardholders, such as lower cash advance fees.
• Avoid frequent cash withdrawals through your credit card, as each withdrawal attracts an additional charge.

Apply these tips and enjoy lower HDFC credit card cash withdrawal charges. Use the cash advance facility only when needed and settle the amount as soon as possible to lower the interest incurred. Remember, you can withdraw a specific amount in a day, not more than that.

However, if you opt for the FD-backed Credit Card offered by Stable Money, you can avail the cash withdrawal facility without paying any charges or incurring interest. 

Here, your FD works as collateral, and you can break it anytime to withdraw cash if required, without paying any additional charges.