HDFC Bank Diners Club Black Metal Edition Credit Card Settlement
Everything You Need to Know.
Introduction
The Diners Club Black Metal Edition is HDFC Bank’s premium credit card offering. But what happens if you're unable to repay your dues? Let’s break down the settlement process.
What is Credit Card Settlement?
Credit card settlement means paying a negotiated amount (less than the total dues) to the bank if you cannot pay the full outstanding balance.
Why Settle a Premium Card Like This?
- High annual fees - Large credit limits - Risk of heavy interest & penalties - Financial hardships (job loss, medical emergency, etc.)
Step 1 – Contact HDFC Bank
Call HDFC’s customer care or visit the nearest branch. Request a credit card settlement due to genuine financial distress.
Step 2 – Submit Documents
You'll need to show proof of your financial hardship: - Salary slips - Medical bills - Layoff letter - Bank statements, etc.
Step 3 – Negotiate Terms
HDFC may offer a one-time settlement amount or an EMI-based reduced payment plan. Always ask for a written agreement.
Step 4 – Get Settlement Letter
After paying the agreed amount, ask for a ‘No Dues Certificate’ or Settlement Letter from the bank. This is important for future reference.
Impact on CIBIL Score
The settlement is reported as ‘Settled’ on your credit report—not ‘Closed. This lowers your credit score and affects future loan approvals.
Final Tip
Only choose settlement as a last resort. First, try EMI conversion, payment deferment, or restructuring to protect your CIBIL score!