HDFC Bank Diners Club Rewardz Credit Card Settlement

Learn the step-by-step settlement process, eligibility, and essential tips to clear your dues smartly.

What is Credit Card Settlement?

Credit card settlement means negotiating with the bank to pay a lump amount lower than your total outstanding, marking the account as “settled” instead of “closed.”

When Should You Consider Settlement?

- Continuous missed payments - High interest & penalty charges - Facing financial hardship - No scope of full repayment Tip: Settlement should be your last resort.

Steps to Settle HDFC Diners Club Rewardz Card

- Call HDFC customer care or visit the nearest branch - Explain your financial situation - Request for settlement option - Receive and review the offer - Get the settlement in writing before paying

After Settlement – Things to Note

- Your CIBIL score will drop - “Settled” status stays for 7 years - You may face difficulty getting future credit Tip: Always ask for a No Dues Certificate (NOC) post-payment.

Better Alternative – Payment Plans

Instead of settlement, consider: - EMI conversion of dues - Balance transfer to low-interest cards - Credit counseling