Several banks in India, including YES Bank, Axis Bank, SBI, and AU Small Finance Bank, have introduced changes to their credit card policies. YES Bank has revised the redemption limits for Yes Rewardz points, capping it at 70% of the invoice amount or a specific number of points per month. Axis Bank has changed the terms and conditions of its Airtel Axis Bank credit card, including a 25% cashback on recharge or bill payments made through the Airtel Thanks platform. SBI has introduced a 1% fee on utility bills over ₹50,000, including insurance premiums, mobile bills, and electricity bills. AU Small Finance Bank has reset the reward point usage for Ixigo credit card holders, restricting reward points from being applied to government, education, and rent transactions. Additionally, Ixigo credit card holders will no longer earn reward points on international transactions, and the rate of earning reward points on utility, insurance, and telecom expenses has been reduced. These changes are expected to come into effect from December 2024. Cardholders are advised to review the new terms and conditions to understand the impact on their credit card usage.
Important Update for Credit Cardholders: Key Changes Ahead – Stay Informed, Stay Ahead
by newsworm | Dec 4, 2024 | Au Small Finance Bank, Axis bank, Banking, State Bank of India