Banks and credit card companies have lately been taking a hard look at benefits offered to cardholders. Now, IDFC First Bank has reduced such facilities on its credit cards, as per emails that its cardholders got on April 1. All cards have been affected, except its super premium IDFC First Private Credit Card.This comes on the heels of Axis Bank, ICICI Bank and Yes Bank devaluing their own card benefits recently.IDFC First Bank has cut reward points on online spending, set higher spending-based criteria for airport lounge access, and updated terms for utility and rent payments made through its cards. The changes will be effective from May 1, 2024.Moneycontrol reached out to IDFC First…
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Now, IDFC First Bank cuts credit card benefits; what it means for cardholders
