Joining fee: ₹499 plus applicable GST.
The Joining fee is charged after 90 days from the card's issuance, but only if the customer hasn't activated or used the card with a minimum spend of ₹500, as specified in the application form during sign-up.
Renewal fee: ₹499 plus applicable GST.
The Renewal Fee is exempted upon reaching an annual spending of ₹50,000 in the previous year.
Goods and Services Tax (GST)
Starting from July 1st, 2017, Goods and Services Tax (GST) applies to all fees, charges, and interest transactions. The GST amount depends on the place of provision (POP) and the place of supply (POS). If POP and POS are in the same state, then the applicable GST will be CGST and SGST/UTGST; otherwise, it will be IGST.
GST for fees/interest transactions billed on the statement date will be shown in next month's statement.
The GST charged will not be refunded in case of any dispute regarding fees and charges/interest.
The Retailio HDFC Bank Credit Card comes with a joining fee of ₹499 plus applicable GST. This fee is levied after 90 days from the card's issuance if the customer hasn't activated or used the card with a minimum spend of ₹500, as specified during sign-up. Additionally, there is a renewal fee of ₹499 plus applicable GST, which is waived if the cardholder achieves an annual spending of ₹50,000 in the preceding year. These charges are designed to ensure the smooth operation of the card and provide customers with valuable benefits and rewards tailored to their spending habits.
No, the Retailio HDFC Bank Credit Card comes with a minimal joining fee of ₹499 plus applicable taxes.
The Retailio Credit Card incurs annual charges of ₹499 plus applicable taxes. Nevertheless, these charges are waived upon reaching an annual expenditure of ₹50,000 in the preceding year.