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Dhanlaxmi Bank Credit Card

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.

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 low rate of interest.
  • Enjoy free overseas travel insurance cover on every ticket purchased using Dhanlaxmi Bank Credit Card.
  • Offers global customer assistance from anywhere in the world for cases of theft, fraud and loss of card.
  • Enjoy 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 lowest rate of interest.
  • Enjoy Add-On card 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 CardFeatures
Gold Credit Card
  • Worldwide acceptance at all outlets accepting VISA cards.
  • Choice to pay Minimum Due or Total Outstanding on due date. Minimum Amount Due 5% of the Total Amount Due subject to a minimum of 200.
  • Low rate of finance charges on carry forward of unpaid balance.
  • Add-On card facility available for family members including spouse, parents, children or siblings above age 18.
  • Instant cash withdrawal option up to pre-specified limit.
  • Interest free credit of 18-48 days on retail purchases if previous month?s outstanding is cleared.
  • Online railway ticket booking facility.
  • Convenience to pay utility bills online.
  • Option to convert every purchase over and above 4000 into easy EMIs.
  • Enjoy Visa Secure Code safety. Generate a One Time Password (OTP) before every online transaction to ensure maximum security.
  • Air Accident Insurance Cover (death only) of 20,00,000.
Platinum Credit Card
  • Globally accepted at all outlets accepting VISA cards.
  • Option to pay Total Outstanding or Minimum Due on due date. Minimum Amount Due 5% of the Total Amount Due subject to a minimum of 200.
  • Low rate of finance charges on carried forward unpaid balance.
  • Avail Add-On card facility for family members including spouse, parents, children and siblings above age 18.
  • Instant cash withdrawal option up to pre-specified limit.
  • Interest free credit of 20-50 days on retail purchases provided previous month outstanding is paid in full.
  • Avail online railway ticket booking facility.
  • Convenient way to pay utility bills online.
  • Easy conversion of purchase transactions above 4000 into EMIs.
  • Enjoy enhanced safety with Visa Secure Code. Generate One Time Password (OTP) every time before making an online transaction to ensure maximum safety.
  • Air Accident Insurance Cover (death only) of 35,00,000.
  • Exclusive benefits on fine dining and experiential travel.

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 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.

  • Minimum reward exchange value = 500 reward points.
  • Total of 610 items in reward catalogue.
  • Higher spending translates to higher reward points. Heavy card users enjoy more lucrative rewards like LCD TV and Air Conditioner in exchange of over 2,00,000 reward points.

Dhanlaxmi Bank Credit Card Fee Details

The details of fee charged for both variants of Dhanlaxmi Bank Credit Card are as under:

Name of the CardAnnual FeeRenewal FeeAdd-On Card
Gold Credit CardNILNILNIL
Platinum Credit CardNILNILNIL

Dhanlaxmi Bank Credit Card Charges Details

The charges and finance charges for Dhanlaxmi Bank Credit Card is as mentioned below:

Name of the chargeAmount
 Gold Credit CardPlatinum 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 Fee400 per transaction400 per transaction
Outstation Cheque Pick-up Fee100 per payment100 per payment
Payment Dishonour Charges400400
Card Replacement Fee300300
Sales  Slip Retrieval Charges300 per charge slip300 per charge slip
Foreign Currency Transaction Fee3.5%3.5%
Late Payment/Delayed Payment Charges30% of Minimum Amount Due subject to minimum of 400 and maximum of 60030% of Minimum Amount Due subject to minimum of 400 and maximum of 600
Over Limit Charges2.5% of over limit amount subject to a minimum of 3002.5% of over limit amount subject to a minimum of 300
Reward Redemption Fee7575
Duplicate Statement Generation100100
emPower Tool annual chargesNILNIL
Cash Limit as % of Total Limit10%15%
Railway Ticket Surcharge
  • At Point of Sales Terminal - 30/- plus 2.5% of the transaction
  • Online booking - 1.8% of the transaction amount
  • At Point of Sales Terminal - 30/- plus 2.5% of the transaction
  • Online booking - 1.8% of the transaction amount
Fuel Surcharge10 or 2.5%10 or 2.5%
Reissue of PIN Mailer100100
EMI processing fee1% of the amount to be converted subject to a minimum of 2001% of the amount to be converted subject to a minimum of 200
Plan your Rewards fee (annual)NILNIL

How to Apply for Dhanlaxmi Bank Credit Card

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/credit-card/

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.

Eligibility Criteria for Dhanlaxmi Bank Credit Card

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.

  • 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.
  • Applicant 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 the purpose of 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 own Dhanlaxmi Bank saving or current account.
  • Auto Debit facility - Give standing instructions to your bank to deduct 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 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 Numbers

In case of any queries regarding Dhanlaxmi Bank Credit Card, customer 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

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Dhanlaxmi Bank Credit Card FAQs

✅ What is the finance charge levied on Dhanlaxmi Bank Credit card?

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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.

✅ How is the Dhanlaxmi Bank Credit Card limit fixed?

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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.

✅ Can I increase my credit limit on Dhanlaxmi Bank Credit Card?

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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.

✅Can Dhanlaxmi Bank block my credit card without prior intimation?

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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.

✅ Will Add-On card have a separate credit limit?

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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.

✅ Can Add-On card remain functional even if Primary card is discontinued?

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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.

✅ Are Cash Limit and Credit Limit on credit card different?

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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.

✅ Will Add-On card accrue reward points?

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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.

✅ Can Add-On card member redeem reward points?

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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.

✅ Can all purchases made on any variant of Dhanlaxmi Bank Credit Card be converted into EMIs?

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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,

  • Availing the EMI service will reduce the cardholder?s credit limit to the extent of all EMI facilities availed.
  • Once 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.

✅ What kind of insurance benefits do I enjoy on my Dhanlaxmi Bank Credit Card?

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Both variants of Dhanlaxmi Bank Credit card offer a free insurance cover.

The limit of liability is as under:

Type of CoverageType of Card
 GoldPlatinum
Credit Shield ? Payable on Accidental death and PTDUpto 1,00,000Upto 10,00,000
Purchase Protection upto 90 days from purchaseRS. 1,00,000RS. 10,00,000
Air Travel related Insurance
Air Accident Insurance (Death only)RS. 20,00,000RS. 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

✅ How can I redeem my rewards?

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  • 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 of 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.