IDFC First Bank and SBI are going to change the rules related to their credit cards from April 1. IDFC First Bank said that many annual benefits including milestone ticket vouchers will be discontinued from March 31. At the same time, SBI Card has also announced to revise its Club Vistara SBI and Club Vistara SBI Prime Credit Card.
New Delhi: Many financial rules have changed from March 1. Many rules will also be amended from the first date of next month, April 1. This includes rules related to IDFC First Bank and SBI credit cards. IDFC First Bank said that many annual benefits including milestone ticket vouchers will be discontinued from March 31. At the same time, SBI Card has also announced amendments to its Club Vistara SBI and Club Vistara SBI Prime Credit Card. Let us know about them in detail.
IDFC First Bank made these changes
Actually, private sector bank IDFC First Bank has announced to discontinue milestone ticket vouchers, renewal benefits and many other features from March 31, 2025. However, cardholders can continue to earn Maharaja Points till March 31, 2026, when the card will be completely closed.
According to the information given by the bank, Club Vistara Silver membership will no longer be available and complimentary vouchers including one premium economy ticket and one one-class upgrade voucher will also be discontinued. Apart from this, milestone vouchers will no longer be issued for premium economy tickets. At the same time, the annual fee has been waived for one year for those who renew their cards after March 31, 2025.
SBI credit card rules also amended
At the same time, economy ticket vouchers will no longer be available on Club Vistara SBI credit card. Apart from this, milestone benefits will be discontinued for annual spends of Rs 1.25 lakh, Rs 2.5 lakh and Rs 5 lakh. At the same time, Club Vistara SBI Prime Credit Card will not offer its premium economy ticket voucher. Apart from this, the renewal fee for the base card will be Rs 1,499, while the renewal fee for the PRIME card will be Rs 2,999. However, customers will get the option of fee waiver. Let us tell you that all these rules will be effective from the first date of next month i.e. 1 April 2025.
Decision taken after Vistara-Air India merger
Let us tell you that after the Vistara-Air India merger in November last year, loyalty programs under Air India’s Maharaja Club were changed, after which IDFC First Bank and SBI Cards have announced new rules. But Axis Bank and IndusInd Bank have not yet announced any change in the rules related to their co-branded credit cards.
