Credit Card rates

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Credit card rates refer to the rates of interest that are charged by the banks to the cardholders for their credit card transactions. There are various credit limits given by each bank for each category of the cards that are issued. In order facilitate maximum benefits for their cardholders banks have innovated various categories of the credit cards that are issued based on criteria of the cardholders themselves.

Credit Card rates offered by different banks

Credit cards rates differ from bank to bank. Then in each bank there are various rates of interests that are charged for the time period taken for the particular credit. Usually for almost all banks there are no interests charged if the entire payment is cleared within the payment due date.

The actual rates of credit card interests come in effect with the overdraft of the time of the credit limit that is taken. There are certain banks that do not have the facility of any credit time overdraft. In this cardholders must pay back the entire amount of credit due within the statement due date.

HSBC Bank
Card Name Time Period
(credit period)
Rate of interest
Platinum and Gold Cards 6 months 1.25%
Platinum and Gold Cards 18 months 1.50%
Classic Credit Card 6 months 1.50%
Classic Credit Card 18 months 1.65%
HDFC Bank
Card Name Time Period
(credit period)
Rate of interest (per annum)
Premium Card 2.65%
Classic Card 2.65%
Special Benefit Card 2.65%
Commercial Card 2.65%
ICICI Bank
Card Name Time Period
(credit period)
Rate of interest (monthly)
Platinum Card 18 days to 48 days 3.15%
Gold card 18 days to 48 days 3.40%
Titanium Card 18 days to 48 days 3.15%
Preferred Card 18 days to 48 days 3.15%
American Express Cards
Card Name Time Period
(credit period)
Rate of interest (monthly)
Platinum Card 21 days None (no revolving credit)
Kingfisher First Credit Card 21 days None (no revolving credit)
Air India gold Card 21 days None (no revolving credit)
American Express Card 21 days None (no revolving credit)
SBI Credit Cards
Card Name Time Period
(credit period)
Rate of interest (monthly)
Platinum Card 20 – 50 days 3.10%
NRI Platinum Card 20 – 50 days 1.99%
Gold Platinum 20 – 50 days 3.35%
Silver Card 20 – 50 days 3.35%