Dhanlaxmi Bank was founded in 1927. Headquartered at Thrissur, Kerala, it was the brain child of a group of enterprising and ambitious entrepreneurs who believed in working together for the betterment of the 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 focused and customised approach has helped Dhanlaxmi Bank build a huge customer base. Today, with over 600 touch points 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 along with personalised financial planning assistance. The bank also offers overdraft and credit facilities through its range of 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.
Dhanlaxmi Bank Credit Cards are available in two variants
Dhanlaxmi Bank Credit Card offers a range of features and benefits, the same have been listed below.
The following are the detailed features of Dhanlaxmi Bank Credit Card
|Name of the Card||Features|
|Gold Credit Card|
|Platinum Credit Card|
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 of a vast variety of gifts ranging from personal belongings, office gear to technological equipment and household utilities featuring in the reward catalogue. The rewards are the same for both Gold and Platinum card holders.
The details of fee charged for both variants of 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|
The charges and finance charges for Dhanlaxmi Bank Credit Card is as mentioned below:
|Name of the charge||Amount|
|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 Minimum Amount Due subject to minimum of 400 and maximum of 600||30% of Minimum Amount Due subject to minimum of 400 and 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|
|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|
On the bank website: The Dhanlaxmi Bankl 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/personal/credit_card.aspx#1
Simply select the type of card you wish to apply for and click on the 'Apply' tab link under the corresponding card. Applicant is required to key in the required information and submit the application.
By visiting the bank: Alternatively, applicant can drop in a written application along with documents at any of the Dhanlaxmi Bank?s branch or at any of the 628 touch points authorised 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 works to ensure you get your credit card without any hassles and much faster than usual.
To enjoy uninterrupted features of the Dhanlaxmi Bank Credit Card, the applicant is required to fulfil the below mentioned eligibility criteria. The eligibility criterion for both variants of the cards is the same.
The following documents must be attached while applying for a Dhanlaxmi Bank Credit Card:
Dhanlaxmi Bank Credit Card customers can make payments for their credit card through any of the below mentioned ways.
In case of any queries regarding Dhanlaxmi Bank Credit Card, customer can reach the bank in the manner most convenient to them:
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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 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, applicant 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 increase in credit card limit. The application should be supported by 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 Customer Care centre to get the card unblocked and reactivated.
No, the Add-On card will not enjoy a separate credit limit. In fact, the total outstanding on the credit card including fees, charges, interest and taxes of both Primary Cardholder and Add-On Cardholder cannot exceed the card Credit Limit pre-specified by the bank. The Primary Cardholder assumes responsibility of all charges and payments due on the Add-On card.
The continuation of the credit facilities and others 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% of Credit Limit as Cash Limit as against 15% of Credit Limit as Cash Limit for 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. Bank holds complete authority to reject any EMI conversion application. Please note,
Both variants of Dhanlaxmi Bank Credit card offer a free insurance cover.
The limit of liability is as under:
|Type of Coverage||Type of Card|
|Credit Shield ? Payable on Accidental death and PTD||Upto 1,00,000||Upto 10,00,000|
|Purchase Protection upto 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 in excess of 12 hours|
|Delay in Flight (International)||-||USD 250 in excess of 12 hours|