Personal Finance Credit card interest rates on rise; here's how you can clear dues quickly Updated : September 26, 2020 11:43 AM IST HDFC Bank has recently raised the interest rates on the revolving balances on credit cards and late payment fees due to the rising default rates due to the on-going COVID-19 pandemic. Interestingly, other banks are now considering following the same strategy. In such a situation, the credit card customers who may have just come out of moratorium will have to pay extra charges and high interest rates if they do not repay their dues on time. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.