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Credit Card rules: Big update for customers, HDFC Credit Card rules will change from October 1, know what has changed?

HDFC Bank has changed some of its credit card rules, which will come into effect from October 1, 2024. In this regard, the bank has sent an email to its customers and informed them about the new rules.

New Delhi: The country’s largest lender HDFC Bank has announced changes in the loyalty program for some of its credit cards. After which now the rewards available on HDFC Bank’s Infinia and Infinia Metal cards have been limited. The bank has informed the customers associated with these cards through mail that the redemption of reward points for Apple products on the Smartbuy platform has been limited to a single product in every calendar quarter. Apart from this, the Smartbuy portal has limited the redemption of reward points for Tanishq vouchers to 50,000 reward points per calendar quarter. These changes will come into effect from the first date of next month i.e. October 1, 2024.

These changes were made last month

Earlier in the month of September also, HDFC Bank had changed many rules related to credit cards. In which the limit of reward points on utility transactions and telecom and cable transactions was made 2000 every month.

Also, reward points will not be awarded on education payments made through CRED, Cheq, MobiKwik and third party apps. However, reward points will be awarded on education payments made directly through the college/school website or their POS machines.

For Millennia, UPI, BIZ UPI, Swiggy, BIZ First, Paytm, Paytm Business, Easy EMI Millennia, Best Price Save Smart and Bharat Credit Cards, capping will be applicable as per the product feature.

No reward points will be given on Easy EMI transactions. Please note that the bank gives 3 reward points for every Rs 150 spent through credit card.

How much is the charge on INFINIA Credit Card?

According to the information given on the official website of HDFC Bank, “Joining/Renewal Membership Fee – 12,500 + Taxes. Welcome and renewal benefit of 12,500 reward points* will be available on fee collection and card activation. Apart from this, renewal membership will be waived if you spend Rs 10 lakh or more in a year.

Shyamu Maurya
Shyamu Maurya
Shyamu has done Degree in Fine Arts and has knowledge about bollywood industry. He started writing in 2018. Since then he has been associated with Informalnewz. In case of any complain or feedback, please contact me @informalnewz@gmail.com
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