HDFC Platinum Debit Card - Benefits, Annual Fee, Limit Per Day & Charges

The HDFC Platinum Debit Card is a premium card offering a variety of benefits that can make your everyday transactions more rewarding and secure. From high transaction limits to attractive cashback rewards and insurance coverage, this card is designed to provide you with convenience and peace of mind. 

HDFC Platinum Debit Card Benefits

The following highlights some HDFC Platinum debit card benefits:

Welcome and Milestone Rewards

The HDFC Platinum Debit Card comes with various exciting rewards. For instance, during a promotional period (April 1, 2022, to June 30, 2022), cardholders received a Lifestyle voucher worth ₹500 as a welcome gift. Additionally, spending ₹40,000 or more within 90 days of card issuance made users eligible for a lifestyle voucher worth ₹2,000.

Higher Transaction Limits

This debit card provides generous daily transaction limits, allowing up to ₹5 lakh for shopping and ₹2 lakh for ATM withdrawals. For added convenience, users can adjust these limits within the prescribed range using HDFC Bank’s internet banking services.

Cash Withdrawal at POS

Cardholders can withdraw cash at merchant point-of-sale (POS) terminals, with a daily limit of ₹2,000 and a monthly cap of ₹10,000.

Cashback Rewards

The HDFC Platinum Debit Card offers cashback benefits. For every ₹200 spent on categories like apparel, groceries, dining, entertainment, supermarkets, etc., you can earn up to 1 cashback point. You can earn up to ₹100 spent on telecom and utilities. However, the following conditions apply:

• Maximum cashback per month is capped at ₹750.
• Cashback is applicable only for specific merchant categories.
• Reversed, cancelled, or refunded transactions lead to cashback reversal.
• Regular cashback points must be redeemed within 12 months, while promotional cashback expires in 3 months.
• Cashback cannot be redeemed if the account is closed.

Debit Card EMI Facility

With this card, you can enjoy no-cost EMI options for purchasing electronics, furniture, apparel, and smartphones. Any purchase above ₹500 can also be converted into EMIs. To check your eligibility for debit card EMI, you can send an SMS with ‘MYHDFC’ to 5676712 from your registered mobile number.

HDFC Platinum Debit Card Charges

The following table shows some charges of HDFC Bank Platinum debit card:

HDFC Platinum Debit Card Limit per Day

The HDFC Platinum Debit Card offers a daily shopping limit of ₹5 lakhs and allows ATM withdrawals up to ₹1 lakh daily. You can also use the card for cash withdrawals at merchant locations, with a transaction limit of ₹2,000 and a monthly cap of ₹10,000.

For security reasons, the ATM withdrawal limit is set to ₹50,000 per day and ₹10 lakhs per month for the first 6 months from the account opening date. After 6 months, the daily limit increases to ₹2 lakhs, while the monthly limit remains ₹10 lakhs.

HDFC Platinum Debit Card Eligibility

Both Indian residents and Non-Resident External (NRE) account holders are eligible to apply. For Indian residents, eligibility requires holding any of the following accounts:

• Current account
• Salary account
• Savings account
• Loan Against Shares (LAS) account
• SuperSaver account

HDFC Platinum Debit Card Insurance

The HDFC Platinum Debit Card offers several insurance covers to enhance your security:

• Death Cover for road, rail or air travel: Up to ₹12 lakh in case of accidental death during travel.
• Additional international air coverage: A flat ₹3 crore for air travel if you purchase your air ticket using a debit card.
• Zero liability protection: If your card is lost, you will not have to pay for any fake transactions made using it up to 30 days before you report the loss.
• Fire and burglary insurance: Covers items purchased using the debit card for up to 6 months, with a sum insured of ₹2 lakh.
• Loss of Checked Baggage: Insurance of ₹2 lakh for lost checked baggage during travel.

Here are some important you must remember to stay covered under the HDFC Platinum Debit Card insurance:

• To qualify for fire and burglary or loss of checked baggage insurance claims, the cardholder must have made at least one purchase using the debit card within the 3 months preceding the incident.
• Suppose the cardholder holds multiple debit cards under the same account. In that case, the insurance policy applies only to the card with the highest sum insured or indemnity limit.
• As of July 1, 2014, all debit cardholders must use their card at least once every 30 days for retail or online transactions to keep their free personal death insurance coverage active.

HDFC Platinum Debit Card International Transaction Charges

When using your HDFC Platinum Debit Card abroad, the following charges apply:

• Balance inquiries incur a fee of ₹25 + applicable taxes. For cash withdrawals, the cost is ₹125 + applicable taxes plus a 3.5% cross-currency markup for the non-managed segment.
• For the managed segment, the balance inquiry fee is ₹15 + applicable taxes. Cash withdrawals are charged at ₹110 + applicable taxes and a 3.5% cross-currency markup.

HDFC Platinum Debit Card Lounge Access

Starting January 1, 2024, you can enjoy two complimentary visits to the Clipper Lounge per quarter at airports across India. However, to avail of this benefit, you must make a minimum spend of ₹5,000 during the preceding calendar quarter.

Final Word

The HDFC Platinum Debit Card has features that provide convenience, security, and rewards for your everyday spending. Whether it is generous transaction limits, cashback offers, or comprehensive insurance coverage, this card is designed to enhance your financial experience. With global access, lounge visits, and exclusive privileges, the HDFC Platinum Debit Card is an excellent choice for those looking to maximise their economic benefits.

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