Vistara Credit Cardholders Alert: SBI, Axis, IDFC First To Modify Benefits From April 2025
Several prominent banks, including State Bank of India (SBI), Axis Bank, and IDFC First Bank, have informed their Vistara Credit Cardholders that certain benefits will be modified from April 2025. This move is likely to affect thousands of cardholders across the country.
As part of the modification, the respective banks will be introducing new features and reforms to their reward points, and other benefits associated with the Vistara Credit Card. Some of the changes include:
- Reward Points: The banks will merge the existing reward points with a new point-based system, which will be applicable on transactions made after April 2025. The new system is expected to provide more flexibility and options for redemption.
- Cardholders’ Tier-wise Benefits: The banks will no longer offer separate tier-wise benefits. Instead, they will offer a single-tier redemption system, which will apply to all cardholders.
- Fuel Surcharge Waiver: The current fuel surcharge waiver of 1% is set to expire, and cardholders will need to pay the full charge on transactions made at petrol pumps.
- Domestic and International Airport Lounge Access: The existing lounge access will be discontinued, and cardholders will only be able to access selected lounges with a fee.
- Return of Interest: The interest rates on interest-free periods for credit card transactions will be revised, and cardholders will be charged interest rates accordingly.
To ensure a smooth transition, the banks have requested cardholders to:
- Continue using their existing Vistara Credit Card until the modification takes effect in April 2025.
- Update their contact details with the respective banks to receive notifications regarding the changes.
- Review and understand the new benefits and terms and conditions associated with their Vistara Credit Card.
It is crucial for Vistara Credit Cardholders to be aware of these changes and their impact to make informed decisions regarding their credit card usage. With these modifications, cardholders can adapt to the new system and maximize the benefits from their credit cards.