You will get a voucher after spending Rs 50,000

If you spend at least Rs 50,000 in a quarter, you will be eligible for lounge access.

Tata Neu Infinity HDFC Credit Card holders will get 2 free domestic lounge vouchers every quarter i.e. maximum 8 vouchers per year.

Tata Neu Plus HDFC Credit Card holders will get 1 voucher every quarter i.e. maximum 4 per year.

Upon qualifying the eligibility, the customer will be informed via SMS and email. The voucher can be claimed by visiting that link and logging in with the bank-registered mobile number. The voucher must be claimed within 120 days and used within 180 days from the date of issue.

How to check eligibility and expenditure status?

After June 10, 2025, customers will be able to check the status of their expenses and voucher eligibility by visiting HDFC NetBanking or MobileBanking App.

Go to the Credit Card section.

Select Tata Neu card.

Click on Redeem Reward Points.

Then go to MyReward Spend Promo Details and see the information.

If your card is upgraded, lost or reissued, only spends on the new card will count for eligibility.

Existing benefits applicable till 9th ​​June 2025

Tata Neu Infinity cardholders can avail 8 free domestic lounge access every year i.e. 2 per quarter till June 9, 2025, while Tata Neu Plus cardholders can avail 4 free accesses i.e. 1 per quarter. This facility will be available on VISA and RuPay cards at a charge of Rs 2 per entry.

Changes in international lounge access too

From 1 June 2025, Tata Neu Infinity VISA cardholders will be issued Priority Pass for international lounge access only on request. This pass will allow 4 free international visits in a year, 1 per quarter. Thereafter, a fee of US $27 + GST ​​will be charged per visit. The same fee will apply to guest visits through Priority Pass.

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Changes in SBI Card

SBI Card has announced changes in its reward points program and other benefits. These changes will be applicable to SimplyCLICK SBI Card, Air India SBI Platinum Credit Card and Air India SBI Signature Credit Card.

Decrease in reward points

• The reward points earned on SimplyCLICK SBI card for ordering from Swiggy will be reduced from 10X to 5X. However, 10X reward points will still be available on online shopping on Myntra, Netmeds, Cleartrip, Dominos, Yatra, BookMyShow, and Apollo 24×7.
• The reward points received for every ₹100 spent on SBI Platinum Credit Card will be reduced from 15 to 5.
• The reward points earned for every ₹100 spent on Air India SBI Signature Credit Card will be reduced from 30 to 10.

Changes in insurance cover

SBI Card has also decided to discontinue its complimentary insurance cover. The complimentary air accident insurance coverage of ₹50 lakh will be discontinued from 26 July 2025. And the complimentary rail accident insurance of ₹10 lakh will also be discontinued.

IDFC First Bank Card Changes

IDFC First Bank has also changed the benefits of its Club Vistara credit card.

Changes in Club Vistara Card

• The milestone benefits available on Club Vistara IDFC First Bank card will not be available from April 1, 2025.
• However, customers will be able to avail Maharaja Points till March 31, 2026.
• Club Vistara SBI Card will no longer offer economy ticket vouchers and milestone benefits on annual spend limits of ₹1.25 lakh, ₹2.5 lakh, and ₹5 lakh.
• Premium economy ticket voucher will also no longer be available on Club Vistara SBI Prime Card.

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The bank has decided to charge 1 percent extra on payment of utility bill through credit card (AU Small Finance Bank Credit Card). Earlier, credit card customers of HDFC Bank, Yes Bank and IDFC First Bank also have to pay extra charge on payment of utility bill after a certain limit.

This rule of AU Small Finance Bank will come into effect from August 15, 2024. This means that 1 percent extra charge will have to be paid for paying utility bills after a certain limit using AU Small Finance Bank credit card. Apart from this, extra charge will also have to be paid on fuel spend after a certain limit.

Also Read: Railway Service Closed: Online and offline reservations and 139 service will be closed tonight in Delhi

Yes Bank will charge a surcharge on payment of utility bills of more than Rs 50,000
. AU Small Finance Bank will charge 1% extra on bill payments of more than Rs 50,000 in a statement cycle through credit card. However, no extra charge will be levied on bill payments of less than Rs 50,000 in a statement cycle.

After a certain limit, you will have to pay extra charge on fuel spend as well

In a statement cycle, if the total fuel spend exceeds 50 per cent of your credit limit or Rs 50,000, whichever is lower, then 1 per cent charge will be levied on the total fuel spend beyond this limit.

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New rule of credit card

RBI Credit Card Rules: Reserve Bank of India has made major changes in the rules related to it to provide great relief to credit card holders. The Reserve Bank has made preparations to end the arbitrariness of banks and finance companies regarding credit cards. Now customers will have the option to choose the credit card of their choice. According to the new rule, customers will not only be able to choose the card as per their wish, but will also be able to choose the billing cycle as per their convenience. In the new rule, customers will easily get the facility to change the billing or statement date of their credit card as per their convenience.

You will be able to choose credit card as per your choice

Reserve Bank of India recently issued a circular giving credit card-debit card users the option to choose card networks of their own choice. According to this circular issued on March 6, customers can ask for the card network of their choice from card issuers, be it banks or financial companies. You can choose any option of your choice from card payment networks like Visa, MasterCard, American Express, Diners Club International and RuPay.

What is the purpose of RBI?

RBI wants that banks or credit card issuing banks and non-banks should give the option of different card networks to their customers while issuing cards. At the same time, existing customers can get the facility to choose the option at the time of renewal of their card. This rule of RBI will come into effect from September 6, 2024.

New rule of credit card billing cycle

Along with choosing the card, RBI has also issued new rules regarding credit card billing. According to the new rule, existing credit card customers can change the billing cycle as per their convenience. In the new rule, customers will have the facility to change the billing cycle. The cardholder can change the billing cycle as per his convenience.

What will be the benefit to card holders?

Credit card companies give a time period to the customers. In which all the expenses incurred on the card are added up and sent to you in the form of a bill by a certain date. After the bill is generated, you have to pay the bill till the due date. This is called billing cycle. Till now only credit card companies used to decide what will be the billing cycle for the customer, but now customers will be able to change the billing cycle of their credit card at least once as per their wish.

Post Office Scheme : Great schemes of Post Office in which you can start investing from Rs 100, 500 and even Rs 1000.

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Moneycontrol has seen a copy of this mail sent to customers. In the mail, it has been said from the bank that non-personal usage of your credit card has been seen. The bank has also mentioned the names of some merchants. The bank has said that as per the policies, the credit card can be used only for personal expenses. All other uses including business and commercial are prohibited under the Axis Bank Card Member Agreement. According to the mail, the bank has found that users are using the card for unauthorized expenses to earn reward points.

Using personal credit for business expenses is against the terms and conditions

Tejas Ghongadi, co-founder of The Points Code, said that using personal credit for business expenses is against the terms and conditions. Axis Bank seems to have sent this mail to users who have used a particular payment gateway. Such gateway is used for business payment.

The right step for the sustainability of the rewards program

Ankur Mittal, co-founder and CTO of Card Insider, said that the bank’s decision to stop the redemption of reward points for some users is the right step for the sustainability of the rewards program. He said that Axis Bank has tried to ensure that genuine users continue to get the benefits of rewards while restricting business spends on personal cards.

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These changes in SBI will be effective from March 15, 2023. Earlier, SBI Card had increased the processing fee on rent payment for credit card users to Rs 99 + taxes in November 2022.

Other banks are also charging

ICICI Bank is charging a processing fee of 1% of the rent from its credit card holders. The processing fees have come into effect from October 20, 2022. HDFC Bank has limited the reward points to 500 on rent payment through credit. 1% of the transaction amount + taxes applicable from the second rental payment of the month.

Bank of Baroda is also charging 1% fee on rent payments through credit card from February 1, 2023. From March 3, 2023, credit card holders of IDFC First Bank will have to pay 1% charge on rent payments through credit cards. Kotak Mahindra Bank has started charging 1% of the transaction amount + tax from February 15, 2023, subject to certain conditions.

Apart from credit card companies, third-party platforms also charge.
Many tenants enter the landlord’s bank account details or UPI address in the recipient’s option on platforms like Paytm, Cred, NoBroker, PayZap, Red Giraffe, Mobikwik, PhonePe and credit Used to pay by card. However, these third-party platforms charge a convenience fee for making rent payments through credit cards.

Mobikwik- 2.36% extra charge for rent payment by credit card PhonePe- 2% extra charge for rent payment by credit card Paytm- 1.75% extra charge for rent payment by credit card

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The interest rate charged on credit cards ranges from 40-45 percent on an annual basis. Announcing the RBI MPC today, Governor Das said that the penalty and interest charged on loans or credit cards cannot become a source of profit for them. The Reserve Bank is working in this direction and very soon it will fix the penalty rule on loans and credit cards.

Transparency is necessary regarding penalty and interest rate

Giving information about the decisions taken in the RBI MPC meeting, it was said that there is a need for transparency and proper guidelines regarding the penalty and interest rate on loans and credit cards. At present, each credit card issuing entity decides on its own interest and penalty. At present, there is no such guideline on the basis of which the decision regarding penalty and interest should be taken.

SBI Card charges monthly interest up to 3.5%

For example, SBI card charges up to 3-3.5% interest on payment after the due date. If the minimum amount is not deposited till the due date, then the hefty amount is also recovered as a penalty. At present, interest is calculated from the transaction date if the full payment is not made on the due date. However, later after the instructions of RBI, its calculation is being done from the due date of payment. Despite this, there is still no uniformity in this regard.

The Reserve Bank will first prepare a draft related to the guidelines. After this, it will be discussed together with different stake holders like banks, multiple entities and borrowers and then the final guideline will be issued. When the final guideline will be issued by RBI in this regard, it will be applicable to all banks, NBFCs and other financial entities.

Additional interest up to 1-2% per month

Apart from credit cards, charges on various types of financial transactions including loan EMI, check bounce will be included in the purview of RBI guidelines. The aim of the Reserve Bank is to bring transparency and uniformity regarding all types of charges. At present, a penalty of up to 1-2 per cent is imposed every month for not paying the EMI on the loan on time. Apart from this, late fee charge is also charged separately. The rules for each entity are different.

The post RBI issue new guideline for credit card! Big news for credit card holders, up to 40% interest is charged on late payment, check new guideline first appeared on Rightsofemployees.com.