What is the forex markup on the HDFC All Miles Credit Card?

3.5% of each foreign-currency transaction, before GST.

Which spends earn no rewards on the HDFC All Miles Credit Card?

No Reward Points or CashPoints on rent, from 1 Jan 2023 (MITC)

M16S / HDFC Bank / HDFC All Miles Credit Card

entry · rewards, travel

HDFC All Miles Credit Card

HDFC BankLast checked 31 Oct 2026closed to new applicants

It earns Page wording: '3X Reward Points for every Rs 150 you spend'. Accelerated earn: Page wording: '2X Reward Points for hotel bookings, mobile recharge and shopping'. The forex markup is 3.5%. Read from the issuer's own documents on 31 Oct 2026.

Annual fee: —
Fee waived at: Rs 1,00,000annual spend
Base return: —
Forex markup: 3.5%
Interest: 3.75%a month

Fees

Annual spend that waives the fee	Rs 1,00,000
Fee notes	Fee amount not printed on the page. First-year fee free on Rs 15,000 spend within the first 90 days; renewal free on Rs 1 lakh spend in a year.

Rewards

Welcome benefit	Cashback equivalent to the first year's fee on initial spending (terms not on page)
Reward currency	Reward Points
Base earn	Page wording: '3X Reward Points for every Rs 150 you spend'
Accelerated earn	Page wording: '2X Reward Points for hotel bookings, mobile recharge and shopping'
Spends that earn nothing	No Reward Points or CashPoints on rent, from 1 Jan 2023 (MITC)
Reward notes	base_return_pct not computed: the page gives no point value and its earn wording (3X per Rs 150 as base, 2X as the bonus) is internally inconsistent.

Travel and perks

Forex markup	3.5%
Fuel surcharge waiver	1% fuel surcharge waiver (limits not on page)

Charges and eligibility

Interest per month	3.75%
Cash advance fee	2.5% of amount, min Rs 500
Eligibility	Sourcing stopped; existing cardholders keep the benefits (product page)
Fine-print notes	Legacy card, closed to new applicants. The page links to changes effective 15 May 2026 that were not readable. New entry built only from the HDFC product page read 2026-10-12; fields the page does not state are null, and the bank-wide MITC charges (late fee slabs, rent/utility/wallet fees) were not re-read for this card.

Questions

What is the forex markup on the HDFC All Miles Credit Card?: 3.5% of each foreign-currency transaction, before GST.
Which spends earn no rewards on the HDFC All Miles Credit Card?: No Reward Points or CashPoints on rent, from 1 Jan 2023 (MITC)