Dhanlaxmi Bank Credit Card

The Dhanlaxmi Bank Platinum Credit Card is your gateway to an exclusive realm of tailored privileges. This card brings a wealth of enticing offers, enhancing your shopping experience. Beyond that, it provides practical solutions for your billing and financial management requirements. With the Dhanlaxmi Bank Platinum Credit Card, you can treat yourself to fine dining and enriching travel experiences, among other benefits.

Features and Benefits of Dhanlaxmi Bank Credit Card

Dhanlaxmi Bank Credit Card offers a range of valuable features and benefits:

  1. Wide Range of Credit Cards: Dhanlaxmi Bank typically offers a variety of credit card options, allowing customers to choose a card that suits their specific needs and preferences.
  2. Credit Limit: Cardholders are assigned a credit limit based on their creditworthiness and financial profile, which enables them to make purchases and access credit as needed.
  3. Interest-Free Period: Enjoy a grace period (usually up to 50 days) during which you can make purchases without incurring interest, provided you pay your bills in full by the due date.
  4. Cash Withdrawals: Dhanlaxmi Bank credit cards can be used to withdraw cash from ATMs in India and abroad, although this may attract cash advance fees and immediate interest charges.
  5. Reward Points: Earn reward points for every transaction made using the credit card, which can be redeemed for various products, discounts, or services.
  6. Discounts and Cashback: Some Dhanlaxmi Bank credit cards offer discounts or cashback on specific categories such as dining, travel, or fuel.
  7. Purchase Protection: Cardholders may be covered against damage, fraudulent transactions, or duplicate products for a certain period from the date of purchase.
  8. Zero or Low Joining Fees: Some Dhanlaxmi Bank credit cards may come with zero or low joining fees, making it more accessible for customers.
  9. Add-on Cards: Cardholders can often request additional cards for their family members, extending the benefits of the primary card.
  10. Online Account Management: Access your credit card account online to check balances, view transaction history, and make payments conveniently.
  11. Customer Support: Dhanlaxmi Bank typically provides customer support services, allowing cardholders to inquire about their credit limits, transactions, and resolve any issues or concerns.
  12. Global Acceptance: Dhanlaxmi Bank credit cards are generally accepted internationally, allowing you to use them for transactions and cash withdrawals worldwide.

Dhanlaxmi Bank Credit Card Fees and Charges

Here are the fees and charges associated with the the Dhanlaxmi Bank Credit Card:

  1. Joining Fee: The joining fee is the one-time fee you pay when you acquire a credit card. Some Dhanlaxmi Bank credit cards may have zero joining fees, while others may charge a nominal amount, typically ranging from Rs. 500 to Rs. 2,500.
  2. Annual Fee: This is the yearly fee you pay for the maintenance of your credit card. Some credit cards may offer a waiver on the annual fee if you meet specific spending criteria. Annual fees can vary widely, ranging from Rs. 500 to Rs. 5,000 or more.
  3. Interest Charges: If you carry a balance on your credit card beyond the interest-free period, you’ll be subject to monthly interest charges, which can range from about 1.99% to 3.5% per month.
  4. Cash Advance Fee: When you withdraw cash from an ATM using your credit card, you may incur a cash advance fee, usually around 2.5% to 3% of the withdrawn amount or a minimum amount, typically Rs. 300 to Rs. 500.
  5. Late Payment Charges: If you fail to pay the minimum amount due on time, you’ll be charged a late payment fee, which can range from Rs. 100 to Rs. 1,000 or more.
  6. Over Limit Fee: If you exceed your credit limit, an over-limit fee may be applied, often around Rs. 500 to Rs. 1,000.
  7. Foreign Currency Transaction Fee: When you make transactions in a foreign currency, a foreign currency markup fee is charged, which is typically around 3.5% of the transaction amount.
  8. Card Replacement Fee: If your credit card is lost, stolen, or damaged, a fee is charged for card replacement, which can vary but is usually around Rs. 100 to Rs. 500.
  9. Duplicate Statement Fee: If you require duplicate statements, you may be charged a fee, often around Rs. 100 per statement.
  10. EMI Conversion Charges: If you choose to convert a transaction into an EMI, there may be a processing fee, often around 2% to 3% of the transaction amount.
  11. Reward Redemption Fee: Some banks charge a fee for redeeming reward points, typically around Rs. 99 to Rs. 250.

Dhanlaxmi Bank Credit Card Eligibility Criteria

Here are essential criteria for applying for an Dhanlaxmi Bank Credit Card:

  1. Age: Applicants are generally required to be within a specific age range, often between 21 and 65 years. The minimum age may be lower for add-on cardholders.
  2. Income: The income level varies depending on the card type. For example, a higher income may be required for premium or platinum cards.
  3. Credit Score: A good credit score is essential for credit card approval. Dhanlaxmi Bank and other financial institutions typically prefer applicants with a credit score of 750 or higher.
  4. Employment Status: Credit card applicants are usually required to be salaried employees or self-employed individuals. The bank may specify a minimum period of employment or self-employment.
  5. Residential Status: Applicants must be Indian residents or have a valid residency status in India. Some credit cards may be available for Non-Resident Indians (NRIs) as well.
  6. Documentation: Applicants need to provide accurate and complete documentation, including proof of identity, address, and income. Common documents include PAN card, Aadhaar card, passport, salary slips, bank statements, and income tax returns.
  7. Credit History: A clean credit history with no defaults, late payments, or significant outstanding debts is typically expected.

Documents Required for Dhanlaxmi Bank Credit Card

To apply for the Dhanlaxmi Bank Credit Card, you must provide the following documents:

1. Identity Proof:

  • Passport
  • Aadhaar card
  • Voter ID
  • Driver’s License
  • PAN Card
  • Any other government-issued photo ID

2. Address Proof:

  • Aadhaar card
  • Voter ID
  • Utility Bill (electricity, water, gas, etc.) not more than 3 months old
  • Bank account statement
  • Rental agreement (if applicable)
  • Passport (if not used as an identity proof)

3. Income Proof:

  • Salary slips (usually the latest one or two)
  • Bank statements for the last three months
  • Income tax returns (ITR)
  • Form 16 (if applicable)
  • Business financial statements (for self-employed individuals)

4. Passport-sized Photographs: You may need to provide recent passport-sized photographs as specified by the bank.

5. Application Form: You must complete the credit card application form provided by Dhanlaxmi Bank, ensuring that all fields are accurately filled out.

6. Credit Score: While not a document you submit, Dhanlaxmi Bank will check your credit score as part of the application process. Ensure that your credit score is in good standing before applying.

7. Employment Proof: Salaried individuals may need to provide employment proof, such as a letter from their employer, while self-employed individuals may need to submit business-related documents.

How To Apply for Dhanlaxmi Bank Credit Card

To apply for a Dhanlaxmi Bank Credit Card, follow these steps:

1. Check Eligibility:

  • Visit Dhanlaxmi Bank’s official website to check the eligibility criteria for the specific credit card you are interested in. Ensure you meet the age, income, and other requirements.

2. Select the Card:

  • Choose the Dhanlaxmi Bank Credit Card that best suits your financial needs and lifestyle.

3. Gather Required Documents:

  • Collect the necessary documents, including proof of identity, address, and income. Be prepared to provide the documents as per the bank’s requirements.

4. Online Application:

  • Visit the Dhanlaxmi Bank website.
  • Navigate to the credit cards section.
  • Find and select the specific credit card you want to apply for.
  • Click on the “Apply Now” or “Apply Online” button.

5. Complete the Application Form:

  • Fill out the online credit card application form with accurate personal and financial information. Ensure all details are correct.

6. Document Submission:

  • Upload the required documents as specified in the application form. Make sure the documents are clear and meet the bank’s requirements.

7. Application Verification:

  • Dhanlaxmi Bank will review your application and documents. This process may also include a credit check.

8. Wait for Approval:

  • Wait for the bank’s decision regarding your credit card application. The bank will notify you of the outcome.

9. Credit Card:

  • If your application is approved, Dhanlaxmi Bank will issue and deliver your credit card to the address provided in your application.

10. Activate the Card:

  • Follow the instructions provided with the card to activate it, typically by calling a designated phone number or visiting the bank’s nearest branch.

11. Read Terms and Conditions:

  • Familiarize yourself with the terms and conditions associated with your Dhanlaxmi Bank Credit Card, including annual fees, interest rates, and the card’s features and benefits.

List of Dhanlaxmi Bank Credit Card

Here are some of the credit cards offered by Dhanlaxmi Bank Credit Card:

  1. Dhanlaxmi Bank Empower Credit Card
  2. Dhanlaxmi Bank Platinum Credit Card
  3. Dhanlaxmi Bank Gold Credit Card
  4. Dhanlaxmi Bank Silver Credit Card
  5. Dhanlaxmi Bank Classic Credit Card
  6. Dhanlaxmi Bank Women’s Credit Card
  7. Dhanlaxmi Bank Signature Credit Card
  8. Dhanlaxmi Bank Business Credit Card