HDFC Credit Card cash withdrawal, also known as a cash advance, is a feature offered on most HDFC credit cards. It allows cardholders to withdraw cash from ATMs just like a debit card. However, while this facility is convenient during emergencies, it comes with high charges, making it a costly option for credit. It’s recommended to use cash withdrawal only when absolutely necessary. Be sure to check your card’s withdrawal limit and applicable fees before using this feature.
The HDFC credit card cash advance feature allows you to withdraw cash from your credit card, similar to using a debit card. Instead of swiping your card for payments, this feature lets you access liquid cash for emergencies, which you can repay later along with applicable charges.
HDFC offers this facility on most of its credit cards. While the withdrawal limits and finance charges differ based on the card type, other aspects like the cash advance fee remain consistent across cards. Always check your card’s terms to understand the limits and fees before opting for a cash advance.
The cash withdrawal limit on a credit card, also known as the cash advance limit, determines how much cash you can withdraw from your available credit limit. This limit is usually a percentage of your total credit limit, ranging from 20% to 40%. For example, if your credit limit is ₹1 lakh and the cash limit is 30%, you can withdraw up to ₹30,000 as liquid cash, while the remaining ₹70,000 is reserved for card transactions.
For HDFC credit cards, the cash advance limit typically stands at 40% of the total credit limit for most cards. However, corporate credit cards may have different limits—30% for individual liability and 40% for corporate liability. Always check your card's specific terms to know the exact cash withdrawal limit.
Withdrawing cash from your HDFC credit card is simple and works similarly to using a debit card. You can withdraw cash from any ATM, not just HDFC ATMs.
Steps to Withdraw Cash:
Before making a withdrawal, ensure you have enough cash limit available on your credit card. You can check this through HDFC NetBanking or by contacting the HDFC credit card customer care service. Note that cash withdrawals may incur additional charges, especially when using non-HDFC ATMs.
Here’s a quick overview of the charges associated with the HDFC credit card cash advance feature:
Always check your specific card's terms to understand the applicable charges before using the cash withdrawal facility.
Use the cash withdrawal facility cautiously to avoid high costs.
Using the cash advance feature on your credit card does not directly impact your credit score, as credit bureaus report the overall outstanding balance rather than specific transactions like cash withdrawals.
However, if you fail to pay even the minimum due amount by the due date, it can negatively affect your credit score. To maintain a stable credit score, it's essential to track your outstanding balance and ensure timely payments. As long as payments are made on time, your credit score remains unaffected.
HDFC Credit Card Net Banking makes managing your card simple. You can easily see your credit limit, recent transactions, payment due dates, and reward points. It also lets you pay your bills, request card blocks or limit increases, and view statements without searching through emails
Paying your credit card bill is easy with HDFC Net Banking. Just go to the credit card section and choose the "Make Payment" option. You don't need to use any other payment method.
Yes, you can block your card if you lose it or suspect it's been stolen. Log in to your Net Banking account, select the card, and choose the "Block Card" option. Your card will be blocked immediately.
HDFC Credit Card Net Banking offers many helpful services. You can check your credit limit, reward points, and statements. You can also sign up for easy payment plans (SmartEMI or Insta Loans), increase your credit limit, and set up automatic payments. You can even generate your PIN, request a card block, or upgrade your card.
