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Infinia ATM Withdrawal fees

Weirdly cant find this information anywhere but does Infinia charge fees if you withdraw cash at an ATM?
Even without the information not being explicitly disclosed. Cash withdrawal is one feature that should never be used, unless in exigencies such as being stuck in a foreign county with no other alternative. Apart from such an emergency situation I don't think the customer cohort that is the target group for Infinia will ever need to use the feature to manage their working capital requirements.
 
"interest will be charged on cash advance amount"

Can you please explain this?

My only reasoning is I don't have to carry a debit card with me if the infinia has 0 withdrawal charges. Would help to know if there are any charges or fees or interest etc that's applicable
 
"interest will be charged on cash advance amount"

Can you please explain this?

My only reasoning is I don't have to carry a debit card with me if the infinia has 0 withdrawal charges. Would help to know if there are any charges or fees or interest etc that's applicable
if you withdraw some amount from infinia
HDFC will not charge you any cash advance fees, but they will charge you interest on the withdrawal Amount till you pay it back.
 
after 12am.. your day count starts.

end of day balance attract interest.
So, if someone does advance payment with nil or negative outstanding, there won't be any charges for withdrawal?

That seems a good option for cash withdrawal in foreign (just like magnus), as most of the times any exchange takes 3-4% extra for cash and Infinia/magnus charges are 2.36% only.

BTW, is gvp program 1% cb applicable on cash withdrawal also?
 
So, if someone does advance payment with nil or negative outstanding, there won't be any charges for withdrawal?

That seems a good option for cash withdrawal in foreign (just like magnus), as most of the times any exchange takes 3-4% extra for cash and Infinia/magnus charges are 2.36% only.

BTW, is gvp program 1% cb applicable on cash withdrawal also?
I asked about the finance charges on cash withdrawals, and the customer executive told me its 2.4%+GST per month. Even if I consider interest charged for 1 day, would I be charged 2.36% forex fees + (.09%) interest charges for 1 day = 2.45%? If yes, then Infinia is good backup option as an international debit card.
 
So, if someone does advance payment with nil or negative outstanding, there won't be any charges for withdrawal?

That seems a good option for cash withdrawal in foreign (just like magnus), as most of the times any exchange takes 3-4% extra for cash and Infinia/magnus charges are 2.36% only.

BTW, is gvp program 1% cb applicable on cash withdrawal also?

never tried that scenario.

In domestic, if I withdraw cash today then I have to clear all bills (settled, pending etc.) to avoid next day interest.

This is major advantage with IDFC cards, there its just like another transaction.

As per HDFC MITC.

Finance charges on cash advances are
applicable from the date of transaction until the payment is made in full.

When the customer carries forward any
outstanding amount or avails of Cash Advance, a finance charge calculated by average Daily Balance Method, will apply to balances carried forward and to fresh billings.
 
I am looking for the exact same information as well. I’m traveling to a country whose currency isn’t easily available in India (cheapest I could find was charging 15% commission on the forex).
I’m wondering if I can make an advance payment of a large amount on my Infinia and then use the Infinia to withdraw cash at ATMs abroad without any interest charges.

Will post an update here if I get more info from HDFC about this.
 
Update: Spent some time speaking to Infinia concierge, customer care, RM, and also Branch Manager. None of them had a confident answer. Branch Manager made an interesting point though. He said there are special scenarios where the banking system treats advance payments differently. In some scenarios, a transaction done on the credit card may not be automatically adjusted against an excess payment made in advance (some edge cases relating to large value transactions close to or exceeding credit limit). He mentioned that it is possible that cash withdrawals may also be treated differently. But he said he did not know all the details about this as he wasn’t an expert on credit card technicalities. Nevertheless, helpful chap.

I suppose one way to find out is trial and error. I just walked down to an ATM and withdrew Rs.100 using Infinia. Let’s see what happens!
 
Update: Spent some time speaking to Infinia concierge, customer care, RM, and also Branch Manager. None of them had a confident answer. Branch Manager made an interesting point though. He said there are special scenarios where the banking system treats advance payments differently. In some scenarios, a transaction done on the credit card may not be automatically adjusted against an excess payment made in advance (some edge cases relating to large value transactions close to or exceeding credit limit). He mentioned that it is possible that cash withdrawals may also be treated differently. But he said he did not know all the details about this as he wasn’t an expert on credit card technicalities. Nevertheless, helpful chap.

I suppose one way to find out is trial and error. I just walked down to an ATM and withdrew Rs.100 using Infinia. Let’s see what happens!

prev. balance & cur. balance..?

not exact number, just over the given limit or under the limit.
 
i do remeber i went without any cc to buy my first new vehicle and only carried my cc thinking would remove cash if needed and then i did and few days later some charges would levied after that never withdrawal any cash from cc.
We know that cash withdrawal incurs charges. There’s no confusion about that.
We are trying to figure out if the interest charges can be avoided by making advance payments.
 
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