HDFC Bank Teachers Platinum Credit Card

Annual feeRenewal fee

₹500 + GST

Fee waiver rule

Starting from February 15, 2019, with the Teachers Platinum Credit Card, if you spend ₹50,000 annually, you will receive a waiver on the annual fee for the following year.

Add-on card fee

Up to 3 lifetime free Add-on Credit Cards

EMI spend earning

Reward Points /CashPoints accrued will be reversed if a retail transaction is converted into SmartEMI.

Government spend earning

Government related transactions will not earn Reward Points /CashPoints.

Insurance spend earning

Reward Points accrued for insurance transactions will have a cap of 2000 per month.

Rent earning

Rent payments will not earn Reward Points /CashPoints on all the cards.

Utilities earning

Reward Points earned on Utility transactions will be capped at 2000 Reward Points per calendar month.

Reward exclusions

EasyEmi and e - wallet loading transaction will not accrue Reward Points.

Reward caps

Up to 3X Reward Points on spends of ₹200 with an annual capping of 2,400 Reward Points

Flight redemption

Flights & hotels bookings are capped per calendar month at 50,000 reward points.

Hotel redemption

Credit Card members can redeem up to a maximum of 50% of booking value through Reward Points

Voucher and product redemption

Cardmembers can redeem upto 70% of product/Voucher value through Reward Points /CashPoints on select vouchers/products

Point expiry

Reward Points /CashPoints are valid only for 2 years from the date of accumulation

Benefit given each anniversary year

500 Reward Points on Teacher's Day (05th September) every year.

Fuel surcharge waiver

1% fuel surcharge waiver on transactions from ₹400 to ₹5,000; max waiver ₹250/cycle.

Surcharge on railway tickets

1% + GST will be charged on Railway Ticket Purchases

Balance transfer terms

Balance Transfer Processing Charges: 1%.

Forex markup

3.5% on foreign currency transactions.3.50% of transaction value

Dynamic currency conversion markup

A Markup fee of 1.75% will be levied on all transactions carried out in Indian Currency at an international location.

Cash advance fee

2.5% or ₹500 whichever is higher.

Cash advance interest

All cash advances also carry a finance charge equal to charges on revolving credit.

Cash withdrawal limit

40% of the Credit Limit.

Interest on unpaid balance

3.75% per month (i.e., 45% per annum)

Interest-free period

Up to 50 days of interest-free credit from the date of purchase

Over-limit fee

2.5% of the overlimit amount subject to minimum of ₹550

Payment return or dishonour fee

2% of the payment amount (minimum ₹450)

Statement or duplicate statement fee

₹10 per duplicate physical statement.

Card replacement fee

₹199 for non-metal cards

Cash payment / cash deposit fee

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

Education / school fee charge

1% fee will be levied on Education transactions done through third party applications.

Fee on online skill-based gaming spends

1% fee will be levied on Online Skill based gaming spends exceeding ₹10,000 in a calendar month.

Reward redemption fee

₹99 + GST per catalogue redemption request

Wallet load charge

1% fee will be levied on Wallet loading spends exceeding ₹10,000 in a calendar month.

Fuel transaction fee

1% fee will be levied on Fuel transaction exceeding ₹15,000 for consumer cards.

Rent transaction fee

1% fee on transaction amount will be levied on rental transactions.

Utility transaction fee

Utility Charges: 1% fee will be levied on spends exceeding ₹50,000 per Calendar month for consumer cards.

Age the primary cardholder must be

For a salaried employee Age: Minimum 21 years and maximum 60 years. For self-employed Age: Minimum 21 years and maximum 65 years.

Minimum age

Minimum 21 years