HDFC
Reduced Rate of Interest Offer


Terms and Conditions

  1. Select HDFC Bank International Credit Card members (customers) will be eligible for ‘Reduced Rate of Interest’ offer (henceforth mentioned as ‘RRI offer’) on his balance carried forward, if the Card member uses his / her HDFC Bank Credit Card for a minimum value of retail spends during respective statement cycle of the promotion period, as communicated in the direct mailer
  2. The offer of ‘RRI offer’ is valid only on retail transactions and is not valid on Cash / Balance Transfer / Balance Transfer on EMI / Cash on Call / Personal Loan on Credit Card / Dial an EMI / EMI transactions
  3. HDFC Bank shall levy interest and other charges as per the ‘Schedule of Charges’ towards spends such as Cash Withdrawal / Cash on Call / Dial-An-EMI / EMI / Balance Transfer / Balance Transfer on EMI during the offer period, to be paid by the customer as per the terms & conditions applicable thereon
  4. The offer is open to select Card members who hold a valid and current HDFC Bank International Credit Card wherein no payment with respect to the Card is overdue
  5. For customers who do not receive the ‘RRI offer’ communication, existing charges will apply
  6. The ‘RRI offer’ is valid only for 6 months from the date as communicated in the communication
  7. The savings amount from this ‘RRI offer’ will reflect as a credit to the customer’s HDFC Bank Credit Card A/c. within 90 days .E.g. if the customer spends in the month of May-June ‘09, revolves in the July ‘09 statement, the savings due to RRI would get credited and reflect in his August ‘09 statement
  8. The customer would be required to pay at least the Minimum Amount Due (MAD) applicable for each statement to avoid levy of late payment charges
  9. The ‘Reduced Rate of Interest’ offer will be withdrawn if the Card member turns overdue / delinquent on his / her HDFC Bank Credit Card at any point during the promotion period
  10. Card members are not bound in anyway to participate in this offer. Any such participation is voluntary
  11. Only valid retail transactions will be considered for the offer. HDFC Bank will not be responsible for invalid transactions
  12. Spends made online by Card members will be considered as retail spends during
    the offer period
  13. Retail spend on add-on Credit Card will also be considered for this promotion to consider ‘RRI offer’ eligibility
  14. On the closure of offer, the standard rate of interest will be applicable on the balance carried forward as per the card member agreement
  15. Service tax and / or other taxes / charges etc., may be applicable to this offer under law from time to time
  16. If a Card member has more than 1 (one) HDFC Bank Credit Card, the spends on the Cards cannot be clubbed by the Card member in order to qualify for the said offer. In case the Card member holds more than 1 (one) Credit Card with HDFC Bank; the Card member would need to call up the Customer Care Call Centre and confirm which card(s) the said offer may be availed for
  17. No two offers can be availed of, or combined, at this point of time by the Card member
  18. Returned purchases, disputed or unauthorized / fraudulent transactions, EMIs and Card account fees will not be considered for any of the offers
  19. HDFC Bank reserves the right at anytime, without prior notice, to add, alter, modify, change or vary all or any of these terms and conditions or to replace wholly or in part, the above offer by another offer, whether similar to the above offer or not, or to withdraw it altogether and such addition / alteration / amendments / modifications or changes shall be binding on the Card member
  20. Above offer is by way of a special facility for select HDFC Bank Credit Card members only and nothing contained herein shall prejudice or affect the terms and conditions of the card member agreement. The terms of the above offer shall be in addition to and not in derogation of the terms and conditions contained in the card member agreement
  21. All disputes, if any, arising out of or in connection with or as a result of above offer or otherwise relating hereto shall be subject to the exclusive jurisdiction of the competent courts / tribunals in Chennai only, irrespective of whether courts / tribunals in other areas have concurrent or similar jurisdiction
  22. The Card members will not hold HDFC Bank responsible for, or liable for, any actions, claims, demands, losses, damages, costs, charges and expenses, which a Card member may suffer, sustain or incur by way of participation in the above offer.