Some banks and card issuers have changed their credit card related fees, charges and rules in May 2024. Credit card customers should be aware of the changes and ensure to follow the latest fees and guidelines prescribed by the bank or credit card company. The banks that have changed their credit card rules this month are Bank of Baroda, Yes Bank, IDBI Bank and HDFC Bank.

Swiggy HDFC Bank Credit Card

If you are a user of Swiggy HDFC Bank Credit Card, then there is good news for you. Now the cashback structure of this credit card has been revised. These changes will be effective from June 21, 2024. Any cashback earned from June 21 will be visible in the credit card statement instead of Swiggy Money. This means that the cashback will reduce the statement balance of the next month. In this way your bill will be reduced.

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IDFC First Bank

IDFC First Bank has said that it will charge 1% plus GST extra if the total amount of payment made through credit card for utility bills exceeds Rs 20,000. If your utility bill transactions (gas, electricity and internet) within a statement cycle are Rs 20,000 or less, then there will be no surcharge. However, there will be no utility surcharge on First Private Credit Card, LIC Classic Credit Card and LIC Select Credit Card.

BOBCARD One

Bank of Baroda has increased the interest rate and late payment fee on its BOBCARD One co-branded credit card. The increased rates will be effective from June 26, 2024.

Yes Bank

Yes Bank has revised various aspects of all its credit cards, except the ‘Private’ credit card type. These changes only affect the fuel fee category on some of the bank’s credit card types. These changes are related to the calculation of expenditure level for waiver of annual and joining fees, with the exception of ‘Private’. The terms of extra fee for utility transactions have also changed.

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