New Credit Card Regulations: Exciting News for Users! Credit card regulations for SBI, HDFC, ICICI, and Axis Bank have been modified

New Credit Card Regulations: Exciting News for Users! Credit card regulations for SBI, HDFC, ICICI, and Axis Bank have been modified

New Credit Card Regulations: Exciting News for Users! Credit card regulations for SBI, HDFC, ICICI, and Axis Bank have been modified

The HDFC Bank, SBI Bank, ICICI Bank, and Axis Bank credit cards have undergone changes. You should be aware of these guidelines if you use a credit card issued by any of these banks and are one of their customers as well

For those who own credit cards, several regulations have recently altered. Numerous large banks have modified the terms of service for their credit card holders, altering the features and benefits offered by the majority of cards. The credit cards issued by HDFC Bank, SBI Card, ICICI Bank, and Axis Bank in particular have undergone changes. You should be aware of these guidelines if you use a credit card issued by any of these banks and are one of their customers as well.

1. Rules for SBI Card Credit Cards

Beginning on January 1, 2024, cashback benefits on rent payments made with your Paytm SBI Credit Card will no longer be offered. Furthermore, the 10X reward points that were previously earned for EazyDiner online purchases made with the SimplyCLICK or SimplyCLICK Advantage SBI Card will now only be 5X. Online purchases made on Apollo 24x7, BookMyShow, Cleartrip, Dominos, Myntra, Netmeds, and Yatra will be charged to your card. Even so, 10X reward points will be applied.

2. Credit Card offered by HDFC Bank

The biggest private bank, HDFC Bank, has modified the terms of its two credit cards, the Regalia and Millenia.

Use the HDFC Regalia Card if you can.

1. The lounge access program will be available to you based on the amount you spend using credit cards.

2. To get lounge access, you must first visit the Regalia SmartBuy website, choose the lounge perks option, and then obtain the voucher for lounge admission if you spend Rs 1 lakh in a calendar quarter.

3. Every quarter, you are eligible for two free coupons for lounge access.

When using an HDFC Millenia credit card,

The same lounge access requirements as previously stated will also apply to this. If you meet the requirements, you must choose Lounge Access Voucher on the Millenia Milestone Page in order to get access. Every quarter, you are only eligible for one free lounge entrance coupon.

3. Rules for ICICI Bank Credit Cards

With effect from April 1, 2024, ICICI Bank is amending the guidelines for its 21 credit cards regarding access to airport lounges. To be eligible for airport lounge access perks, you must spend at least Rs 35,000 in a calendar quarter of the previous quarter if you use any of the cards mentioned below.

The list of ICICI Bank credit cards that provide advantages is provided below.

Card Coral from ICICI Bank

Secured Coral Credit Card from ICICI Bank

The LEADTHENEW Coral Credit Card from ICICI Bank

Credit Card Expressions from ICICI Bank

The HPCL SUPER SAVER Visa Credit Card from ICICI Bank

The Manchester United Platinum Credit Card from ICICI Bank

The Parakram Select Credit Card from ICICI Bank

Secured Coral Visa Credit Card from ICICI Bank for NRIs

The Coral Contactless Credit Card from ICICI Bank

Coral Rupay Credit Card from ICICI Bank

ICICI Bank Mastercard MINE Credit Card

4. Credit Card offered by Axis Bank

Axis Bank has modified the yearly fees, membership gifts, and features of the Magnus Credit Card. The Axis Bank Reserve Credit Card's terms and conditions have been modified by the bank.