Credit Card Regulations: Before switching cards, be aware of the new guidelines as HDFC, SBI, and ICICI have altered

Credit Card Regulations: Before switching cards, be aware of the new guidelines as HDFC, SBI, and ICICI have altered

Credit Card Regulations: Before switching cards, be aware of the new guidelines as HDFC, SBI, and ICICI have altered

HDFC Bank Credit Card Rules: This information may be helpful to you if you too use credit cards. Indeed, a number of public and commercial banks have modified their credit card policies lately. A portion of these modifications need the cardholder to be informed of them. SBI Card, HDFC Bank, ICICI Bank, and Axis Bank are the banks that made this modification. Inform us of any modifications to the card.

The terms for the Regalia and Millennia credit cards have been modified by HDFC Bank. Regalia card holders will notice changes to the lounge access regulations as of December 1, 2023. The lounge admission program will be dependent on credit card expenditure as per the new regulations. In the event that you spend more than Rs 1 lakh in a calendar quarter, you will get two lounge admission tickets. In a similar vein, you will get lounge access after using your HDFC Millennia Card to spend Rs 1 lakh per quarter.

According to SBI Card, as of January 1, 2024, cashback for ticket payment transactions on your Paytm SBI Credit Card will no longer be available. From November 1, 2023, the 10X reward points for EasyDiner online purchases on SimplyClick/SimplyClick Advantage SBI Card will now be 5X reward points. When you make online purchases on Apollo 24×7, Bookmyshow, Cleartrip, Dominos, Myntra, Netmades, and Yatra, 10X reward points will be applied to your card.

Important adjustments have also been made by Axis Bank for credit card users. The Magnus Credit Card's annual cost and joining gift have changed thanks to Axis Bank. The bank has also made revisions in the terms and conditions of Axis Bank Reserve Credit Card.

The regulations governing credit card members' access to airport lounges and reward points may shortly be modified by ICICI Bank. According to the ICICI Bank website, beginning April 1, 2024, you may receive airport lounge access by paying Rs 35,000 in the preceding calendar quarter. Access for the next calendar quarter may be unlocked by spending during the preceding calendar quarter.