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.
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.
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% |
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