What is the entrance fee for a credit card?
The entrance fee is payable on acceptance of your application for a new credit card. This fee varies between Rs 100 to Rs 400 depending upon the issuing bank and the type of card requested. More often than not, this fee is waived. • When do I have to pay the annual fee? The annual fee is payable in advance, at the start of every year and could be as low as Rs 400 for a Cancard or could go as high as Rs 1,500 for an HSBC Gold Card. The annual fee is not paid for in cash, but is billed into the first billing statement received by the card member. • How high are the supplementary or add-on card fees? The Supplementary card/add-on card fee is the fee payable per additional card that a member may request for his close family member like father, brother, sister or spouse. This fee varies between Rs 125 to Rs 1,000. • Is it advisable to use the cash advance facility? Cash advance (withdrawal) fees are payable when you withdraw cash from an automatic teller machine using your credit card. Cash
