Dhanlaxmi Bank Credit Card
Dhanlaxmi Bank offers a variety of credit card options that suit varying individual needs. Dhanlaxmi Bank credit cards are offered across multiple categories, including shopping, dining, travel, fuel, movies & more. To help you find your perfect Dhanlaxmi Bank credit card, check the most popular credit cards along with their features, benefits, fees, charges, & eligibility.
Dhanlaxmi Bank Credit Card
Dhanlaxmi Bank was founded in 1927. Headquartered in Thrissur, Kerala, it was the brainchild of a group of enterprising and ambitious entrepreneurs who believed in working together to improve society. Almost a century since its inception, Dhanlaxmi Bank still upholds the beliefs and values of its founders. Its vast repertoire of baking services together with its focused and customised approach has helped Dhanlaxmi Bank build a huge customer base. Today, with over 600 touchpoints spread across the country, Dhanlaxmi Bank enjoys a pan-India presence.
The bank caters to the distinctive needs of corporate, retail, and institutional investors and helps every client enjoy a unique, one-off banking experience. Its line of operation includes Personal Finance, Corporate Finance, NRI Banking, Micro and agri banking, SME Assistance for small and medium-level enterprises, and personalised financial planning assistance. The bank also offers overdraft and credit facilities through its loan services and credit cards.
Keeping abreast with the customer requirements, Dhanlaxmi Bank in collaboration with VISA cards ventured into the credit card market. The card provides easy and safe access to money. Furthermore, with unique features, numerous benefits, and lucrative rewards, Dhanlaxmi Bank's Credit Card is indeed a shopper's delight.
Types of Dhanlaxmi Bank Credit Card
Dhanlaxmi Bank credit cards are available in two variants
- Gold Credit Card
- Platinum Credit Card
Features and Benefits of Dhanlaxmi Bank Credit Card
Dhanlaxmi Bank Credit Card offers a range of features and benefits, the same have been listed below.
- Global acceptance as the card can be used in India and abroad at all outlets accepting VISA cards.
- Offers 5% Cash Back on all retail transactions made at supermarkets and departmental stores.
- Allows you to better manage your money with Empower? the online financial planning tool.
- Offers Cash Advance service at a low rate of interest.
- Enjoy free overseas travel insurance coverage on every ticket purchased using the Dhanlaxmi Bank Credit Card.
- Offers global customer assistance from anywhere in the world for cases of theft, fraud, and loss of cards.
- Enjoy an interest-free period on purchases made on the card.
- Enjoy added security for online transactions through the Visa Secure Code. Generate a One Time Password (OTP) before every online transaction for maximum security.
- Offers lucrative reward points with every swipe of the card.
- Enjoy easy conversion of online purchases into EMIs for payments above 4000 at the lowest rate of interest.
- Enjoy Add-On cards for near and dear ones.
- Convenient way to pay utility bills online.
- Offers credit card with no annual fee or renewal charges.
Detailed Features of Dhanlaxmi Bank Credit Card
The following are the detailed features of Dhanlaxmi Bank Credit Card
| Name of the Card | Features |
| Gold Credit Card |
|
| Platinum Credit Card |
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Dhanlaxmi Bank Credit Card Rewards Details
Dhanlaxmi Bank Credit Card offers reward points that are linked with every purchase. These reward points can be redeemed from time to time in exchange for a vast variety of gifts ranging from personal belongings, and office gear to technological equipment and household utilities featured in the reward catalogue. The rewards are the same for both Gold and Platinum card holders.
- Minimum reward exchange value = 500 reward points.
- A total of 610 items are in the reward catalogue.
- Higher spending translates to higher reward points. Heavy card users enjoy more lucrative rewards like LCD TVs and Air Conditioner in exchange for over 2,00,000 reward points.
Dhanlaxmi Bank Credit Card Fee Details
The details of the fee charged for both variants of the Dhanlaxmi Bank Credit Card are as under:
| Name of the Card | Annual Fee | Renewal Fee | Add-On Card |
|---|---|---|---|
| Gold Credit Card | NIL | NIL | NIL |
| Platinum Credit Card | NIL | NIL | NIL |
Dhanlaxmi Bank Credit Card Charges Details
The charges and finance charges for the Dhanlaxmi Bank Credit Card are as mentioned below:
| Name of the charge | Gold Credit Card | Platinum Credit Card |
|---|---|---|
| Finance Charge (Regular) | 2% p.m. | 1.5% p.m. |
| Finance Charges (Cash Advance) | 3% p.m. | 3% p.m. |
| Finance Charges (in case of default) | 3.5% p.m. | 3.5% p.m. |
| Cash Advance Fee | 400 per transaction | 400 per transaction |
| Outstation Cheque Pick-up Fee | 100 per payment | 100 per payment |
| Payment Dishonour Charges | 400 | 400 |
| Card Replacement Fee | 300 | 300 |
| Sales Slip Retrieval Charges | 300 per charge slip | 300 per charge slip |
| Foreign Currency Transaction Fee | 3.5% | 3.5% |
| Late Payment/Delayed Payment Charges | 30% of the minimum amount due subject to a minimum of 400 and a maximum of 600 | 30% of the minimum amount due subject to a minimum of 400 and a maximum of 600 |
| Over Limit Charges | 2.5% of over limit amount subject to a minimum of 300 | 2.5% of over limit amount subject to a minimum of 300 |
| Reward Redemption Fee | 75 | 75 |
| Duplicate Statement Generation | 100 | 100 |
| Empower Tool annual charges | NIL | NIL |
| Cash Limit as % of Total Limit | 10% | 15% |
| Railway Ticket Surcharge |
|
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| Fuel Surcharge | 10 or 2.5% | 10 or 2.5% |
| Reissue of PIN Mailer | 100 | 100 |
| EMI processing fee | 1% of the amount to be converted subject to a minimum of 200 | 1% of the amount to be converted subject to a minimum of 200 |
| Plan your Rewards fee (annual) | NIL | NIL |
How to Apply for a Dhanlaxmi Bank Credit Card
On the bank website: The Dhanlaxmi Bank Credit Card can be applied online. The applicant is simply required to log on to the official website of the bank and navigate to the Credit Card page. The page can also be reached directly at the link: https://www.dhanbank.com/credit-card/
Simply select the type of card you wish to apply for and click on the 'Apply' tab link under the corresponding card. The applicant is required to key in the required information and submit the application.
By visiting the bank: Alternatively, an applicant can drop in a written application along with documents at any of the Dhanlaxmi Bank's branches or any of the 628 touch points authorized by the bank. Bank associates will then contact you to process the application further.
Through MyMoneyMantra: You can also apply for the Dhanlaxmi Bank Credit Cards through www.mymoneymantra.com. We have experienced experts who will help you through the whole process of credit card application, documentation, and the work to ensure you get your credit card without any hassles and much faster than usual.
Eligibility Criteria for Dhanlaxmi Bank Credit Card
To enjoy the uninterrupted features of the Dhanlaxmi Bank Credit Card, the applicant is required to fulfill the below mentioned eligibility criteria. The eligibility criterion for both variants of the cards is the same.
- Both Indian residents and non-Indian residents are eligible.
- The applicant can be salaried or self-employed.
- A salaried person should have a minimum gross annual income of 3,00,000.
- A self-employed person should have a Minimum Gross Annual Income of 4,00,000.
- Applicants should enjoy a healthy credit score.
Documents Required for Dhanlaxmi Bank Credit Card
The following documents must be attached while applying for a Dhanlaxmi Bank Credit Card:
- Photo identification cum address proof - Passport, Voter ID Card, Driving License, or Aadhaar Card, any document can be used for photo identification cum address proof.
- Income Proof - Income Tax Returns and bank account statements reflecting annual gross income status.
- NRI status proof in case of Non-Resident Indian.
Making Dhanlaxmi Bank Credit Card Bill Payment
Dhanlaxmi Bank Credit Card customers can make payments for their credit card through any of the below-mentioned ways.
- Pay card dues online using your own Dhanlaxmi Bank savings or current account.
- Auto Debit facility - Give standing instructions to your bank to deduct the Minimum Amount Due (MAD) or Total Amount Due (TAD) automatically from your bank account on the due date.
- Dhanlaxmi Bank Auto Debit: Authorise Dhanlaxmi Bank to deduct the Minimum Amount Due (MAD) or Total Amount Due (TAD) directly from your bank account.
- Debit Card: Use any debit card to clear dues online.
- Over-the-counter Payment: Pay card dues over-the-counter at any Dhanlaxmi bank branch across India.
- Cheque or Demand Draft issued in favour of Dhanlaxmi Bank mentioning the 16-digit Dhanlaxmi Bank Credit Card number.
Dhanlaxmi Bank Credit Card Customer Care Details
In case of any queries regarding the Dhanlaxmi Bank Credit Card, customers can reach the bank in the manner most convenient to them:
- E-mail at customercare@dhanbank.co.in
- Call Customer Care at +91 - 0487 6613000
Dhanlaxmi Bank Credit Card FAQs
The finance charges, 2% p.m. for Gold Credit card members and 1.5% p.m. for Platinum Credit card members, are charged in case the previous month's bill is not paid in full. Finance charges are also charged for all cash advances (3% p.m. for both Gold and Platinum members) from the date of transaction until the date of settlement.
The credit limit for the Dhanlaxmi Bank Credit Card is directly dependent upon the income status and a positive CIBIL credit score of the applicant. However, a Platinum Credit Card comes with a higher credit limit than the Gold Credit Card variant.
Yes, applicants can enjoy a higher credit card limit on his/her Dhanlaxmi Bank Credit Card. Upon completion of 1 year of membership, the applicant can apply for an increase in credit card limit. The application should be supported by the latest financial documents. However, the bank at its sole discretion can reject the application without stating a reason for the same.
Dahanlaxmi Bank Credit Card comes with an inbuilt safety feature wherein the card will automatically get blocked in case it is never used or remains unused for over a period of 90 days. There will be no prior intimation on this from the bank. The cardholder is required to get in touch with the bank authorities through the Customer Care Centre to get the card unblocked and reactivated.
No, the Add-On card will not enjoy a separate credit limit. The total outstanding on the credit card including fees, charges, interest, and taxes of both the Primary Cardholder and Add-On Cardholder cannot exceed the card Credit Limit pre-specified by the bank. The Primary Cardholder assumes responsibility for all charges and payments due on the Add-On card.
The continuation of the credit facilities and other features on the Add-On card will remain effective only till the time the Primary Card is functional.
The Cash Limit and Credit Limit are two different features of the credit card. The bank sets up a separate cash withdrawal limit which is lower than the Credit Limit assigned on the credit card. Dhanlaxmi Bank's Gold Credit Card has a 10% credit limit as a cash limit against a 15% credit limit as a cash limit for the platinum credit card.
Yes, the Add-On card will accrue reward points. However, these reward points will be applicable as per the terms and conditions of the Add-On card irrespective of the Reward Program applicable on the Primary Card.
No, Add-On card member cannot redeem reward points independently. The reward points accrued on the Add-On card will be clubbed with the reward points of the Primary cardholder, who can then redeem the reward points.
Yes, every retail purchase can be converted into an EMI subject to a minimum value of 4000. Also, the decision to convert a retail transaction into an EMI is dependent on the credit status of the cardholder and the available credit limit. The bank holds complete authority to reject any EMI conversion application. Please note,
- Availing the EMI service will reduce the cardholder's credit limit to the extent of all EMI facilities availed.
- Once the EMI facility is availed, the reward points if any that accrued on the original purchase will stand reversed.
- EMI schedule will begin from the date of conversion.
Both variants of the Dhanlaxmi Bank Credit card offer free insurance coverage.
The limit of liability is as under:
| Type of Coverage | Type of Card | |
| Platinum | Gold | |
| Credit Shield? Payable on Accidental death and PTD | Upto 1,00,000 | Upto 10,00,000 |
| Purchase Protection up to 90 days from purchase | RS. 1,00,000 | RS. 10,00,000 |
| Air travel-related Insurance | ||
| Air Accident Insurance (Death only) | RS. 20,00,000 | RS. 35,00,000 |
| Loss of Check-in baggage | - | Upto RS. 25,000 |
| Loss of Travel Documents | - | USD 500 |
| Missing Flight due to Transhipment | - | USD 300 |
| Delay in receipt of Checked Baggage (International) | - | USD 300 over 12 hours |
| Delay in Flight (International) | - | USD 250 over 12 hours |
- Reward points have a validity of 2 years post which they will lapse automatically.
- Points can be redeemed through Internet Banking.
- Points can only be redeemed in exchange for products listed in the reward catalogue. Bank updates its reward catalogue from time to time.
- Reward points can be redeemed only by the Primary cardholder.
- Reward points cannot be exchanged for cash.