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Credit Card Charges In India 2022: Important news! How much do banks charge for late payment of credit card, know all the details

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ICICI Bank Credit Card Charge: Recently, ICICI Bank has increased the charge of the credit card. The new rule will come into effect from February 10.

ICICI Bank:

ICICI Bank has announced to increase some charges related to credit cards. In which late payment charge is also present. Apart from this, the charge on withdrawal of money from ATM by credit card i.e. Advance Withdrawal Charge will also be increased. All the banks associated with the credit card have different charges. Let us know about the charges associated with the credit cards of some special banks.

SBI Credit Card Charge:

There is no charge for less than 500 rupees. For bills up to Rs 501-1000, there is Rs 400. Late payment charge for Rs.1001-10,000 is Rs.750. Rs.950 on a bill of Rs.10001-25000. Rs 1,100 for Rs 25001-50,000 and Rs 1300 late payment charge for bills of Rs 50,000. Cash advance charge on SBI credit card is 2.5% on the amount of cash withdrawn or Rs.500. The overlimit charge is 2.5 percent or more of Rs 600. On auto debit or check return, 2% minimum or Rs 500 will be charged as fee.

HDFC Credit Card Charge:

There is no charge on bills below Rs 100. Late payment charge is Rs 100 on a bill of Rs 100 to Rs 500. 500 is on the bill from 501 to 5000 rupees. The payment charge for Rs 5001-1000 is Rs 600. 800 for a bill of Rs 10001-25,000. 25,001 to 50000 rupees is 1100 rupees. Late bill payment charge is Rs 1300 on bills up to Rs 50,000. On withdrawing cash from HDFC credit card, cash advance charge will be levied at 2.5% on the amount withdrawn or Rs.500, whichever is higher. Talking about the limit charge, it is 3% or maximum Rs 500. A minimum of 2% or Rs 450 will be charged as auto debit or check return fee. These charges will be taken up to a maximum of Rs 1500.

Axis Bank

According to the Axis Bank website, there are different types of credit cards ranging from Rs 100 to Rs 1,300. There is no charge on pending bills up to Rs.300. Apart from this, there is Rs 100 on due payment up to Rs 301-500. Rs.500 on due payment up to Rs.501-1,000, Rs.500 on due payment of Rs.1,001 to Rs.10,000, Rs.750 on 10,001-25,000, Rs.1000 for late payment of Rs.25,001 to Rs.50,000. And on the due payment of more than Rs 50,000, it is Rs 1000.

Citibank late payment charges

Late payment fee for Citibank credit card customers ranges from Rs 100 to Rs 1,300. There is no charge for late payment up to Rs.2,000. At the same time, Rs 600 for statement balance above Rs 2000 and Rs 1300 for statement balance above Rs 15,000.

Pravesh Maurya
Pravesh Maurya
Pravesh Maurya, has 5 years of experience in writing Finance Content, Entertainment news, Cricket and more. He has done BA in English. He loves to Play Sports and read books in free time. In case of any complain or feedback, please contact me @ businessleaguein@gmail.com
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