Purchase Card

Purchase Card

Key Features

• Purchase Cards can be used for vendor payments to address high volume – low value purchases
• It enables a closed loop payment ecosystem with various TIDs and MCC restrictions
• Maximize savings with extended payment term upto 50 days
• Cash withdrawal facility is restricted on Purchase cards

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Business Benefits

• Reduces transaction processing time, cost of high volume and low value transactions
• Streamlines payment processes, enables account management control
• Reduces cost of goods by consolidating supplier base and negotiating favourable pricing from preferred suppliers

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How does a Purchase Card help?

An HDFC Bank Purchase Card is an excellent solution given to corporates that helps reduce purchasing costs considerably as follows:

• It eliminates the delay and cost of traditional purchase transactions.
• It enables effective control to track and manage spending.
• It automates purchase processes for easy account management.
• Purchase card brings in process efficiency by enabling a single card for all purchases, also improving manpower productivity.
• It brings more accountability & transparency throughout the payment cycle through various reports on data spends pattern

What are the fees and charges applicable to a Purchase Card?

Please click here to view the fees and charges applicable on your Purchase Credit Card.
Goods and Services Tax (GST)

• Effective 1st July 2017 Service Tax , KKC & SBC of 15% is replaced by Goods&Service Tax (GST) at 18%
• The applicable GST would be dependent on place of provision (POP) and place of supply (POS).If POP and POS is in the same state then applicable GST would be CGST and SGST/UTGST else, IGST.
• GST For FEE & Charges / Interest transactions Billed on statement date will reflect in next month statement.
• GST levied will not be reversed on Any dispute on Fee & Charges / interest.

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How to redeem the reward points?

• Customer can redeem the reward points as cash back on request and share the request form to P.O Box Credit Card Division.
• Minimum reward points required to redeem: 2500

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How can I change / update address on my Purchase Credit Card ?

You can change / update the Address by writing an email to corporateassist@hdfcbank.com. You can also change it online by logging on to the HDFC Bank Corporate Portal.

OR

You can change / update the Address on your Credit Card account by downloading the Application form for the change of Contact details – Credit cards

Fill in the details in the form and send it to:
Manager, HDFC Bank Cards Division,
PO BOX # 8654
Thiruvanmiyur PO
Chennai - 600 041.

I have applied for a Credit Card - would like to know the status?

Click here to check the status of your credit card application. You are required to input the 16 digit Application reference number and Mobile number or Date of Birth (DDMMYYYY)

How can I register for Online Credit Card service (Netbanking)?

If you are an existing HDFC Bank account holder and have already registered for NetBanking then you can easily register for the Online Credit Card service as well.

• Step 1 : Login into NetBanking with your Customer ID and password
• Step 2 : Once inside NetBanking, click on "Credit Cards" Tab
• Step 3 : Click on the "Register New Card" link on the left hand side.
• Step 4 : Enter your Credit Card number, expiry date, credit card ATM PIN and click on "Submit".

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What payment channels can I use and how?

HDFC Bank account holder can make payments through below channels

• 1. Auto pay
  You can provide standing instructions to debit your HDFC Bank Account automatically for either the minimum amount due or the total monthly outstanding amount on your Credit Card. Your account with HDFC Bank should be a sole or a joint account with an 'any' or 'either' signing mandate.
• 2. HDFC Bank NetBanking
  HDFC Bank savings/current account holders can register for NetBanking and transfer the outstanding Credit Card amount online. To link your Credit Card to NetBanking, please log in to your HDFC Bank NetBanking account and link using your Credit Card ATM PIN.
• 3. ATM Funds Transfer
  All you have to do is walk in to any HDFC Bank ATM in India, at any time and transfer the bill amount from your Savings or Current Account to your Credit Card Account
• 4. HDFC Bank Mobile Banking Application
  Download and install the HDFC Bank Mobile Banking App on your mobile phone and enable internet access. Log in to the Mobile App using your Customer ID and go to the ‘Credit Card’ tab, choose ‘Credit Card Payment’ and make your payments using your HDFC Bank Savings Account.

Non- HDFC Bank Savings Account Holder

• 1. Non-HDFC Bank NetBanking – BILL DESK
  You can now make your Credit Card payments online from any other bank account, if you do not have an account with HDFC Bank.
  Click here to make card payment through BILL DESK
• 2 NEFT/ Visa Money Transfer
  You can transfer funds from any other bank account to your HDFC Bank Credit Card account electronically. Please contact your bank for more details on NEFT/VISA Money Transfer. Use IFSC Code HDFC0000128 for card payment through NEFT.

Have more questions, check our FAQs Section 

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