Online Gaming

Customers who spend more than Rs 10,000 every month on online skill-based gaming platforms like Dream11, Rummy Culture or MPL will have to pay a 1% fee. This charge will be applicable on the total monthly gaming expenditure and its limit will be Rs 4,999. The bank said that reward points will not be given on these transactions.

Credit card users who load more than Rs 10,000 every month in third-party wallets like Paytm or Mobikwik will also be charged a 1% fee. This charge will be applicable on the total wallet-loading amount and its limit will also be maximum Rs 4,999.

Utility Payments

If more than Rs 50,000 is spent every month through consumer card or Rs 75,000 through business card, then 1% fee will be levied on utility payments. This charge will be applicable on the entire utility expenditure and its maximum limit will be Rs 4,999. The bank said that insurance payments will not be considered utility transactions.

Meanwhile, the limit of charges on rent, fuel and education payments has also been changed. However, the 1% charge will remain, but the maximum charge per transaction will be Rs 4,999. The charge for fuel will be applicable only when the transaction amount is more than Rs 15,000 or Rs 30,000. This charge for education will be applicable only when the payment is made through a third party app. This charge will not be applicable on payments made directly to schools or colleges.

Insurance

The limit of reward points will be fixed on insurance transactions. Up to 10,000 points will be available every month on Infinia and Infinia Metal cards. There will be a limit of 5,000 points on Diners Black and Bizz Black Metal. Most other cards will have a limit of 2,000 points. There will be no limit on insurance reward points on the Marriott Bonvoy card. HDFC Bank has said that GST will be applicable on all charges.

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A private sector bank is going to change its credit card rules (Credit Card New Rules) after just three days. We are talking about Yes Bank. Yes Bank has made two major changes in the benefits of its credit card, which will come into effect from December 1, 2024. These changes include changes in the rules related to reward points redemption and lounge access.

Reward Points Redemption

Yes Bank will impose a limit on the number of reward points that can be redeemed for flights and hotels from December 1, 2024. Cardholders can use their Yes Reward Points to cover up to 70 per cent of the total bill or the maximum monthly limit (whichever is lower). The monthly limits are as follows –

• Yes Private and Private Prime Cards: 6,00,000 points
• Marquee Card : 3,00,000 Points
• Reserve Card: 2,00,000 Points
• Other Yes Bank Credit Cards: 1,00,000 Points

This limit on redemption is in addition to the existing limit, which allows cardholders to use only 50% of their available points for gift vouchers and statement credits.

Lounge access

Yes Bank is also increasing the spending limits for complimentary airport lounge access on its credit cards. This change will be effective from April 1, 2025. Cardholders will have to meet these spending requirements in the previous quarter to avail domestic lounge access in the upcoming quarter:

• 6 lounge visits under Yes Marquee and 3 lounge visits under Yes Reserve card will cost Rs 1 lakh.
• Under Yes First Preferred and Yes First Business Card, you will have to spend Rs 75,000 for 2 lounge visits.
• Yes Elite+, Select, BYOC, Wellness Plus, and Yes Prosperity Business cards – Here you will have to spend Rs 50,000 for 1 or 2 lounge visits depending on the card.

The spend must be done within the specified quarters. For example, 21 December – 20 March for April-June access. The number of visits remains the same, but it is necessary to meet the new spend limit.

What do these changes mean for cardholders?

With these updates, Yes Bank joins other banks like ICICI Bank in increasing the requirements for lounge access. Cardholders can expect these changes to impact the way they maximize their rewards and airport lounge access.

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Reward Points Redemption

Yes Bank will impose limits on the number of reward points that can be redeemed for flights and hotels from December 1, 2024. Cardholders can use their Yes Rewards points to cover up to 70 per cent of the total bill or the maximum monthly limit (whichever is lower). The monthly limits are as follows –

The post Credit Card New Rules: New rules are being implemented from December 1, if you also have one then know it first appeared on Rightsofemployees.com.

1. Airport lounge access rules

ICICI Bank has increased the minimum spending limit for complimentary airport lounge access to Rs 75,000 per quarter from Rs 35,000 earlier. This limit will be applicable on various ICICI credit cards such as HPCL Super Saver Visa, Coral, Rubix, Sapphiro and Adani One Signature credit cards, among others.

2. Rewards cap on utility and insurance payments

Premium credit card holders (such as Rubix, Sapphiro, Emerald Visa) will get reward points on utility and insurance payments up to a maximum monthly spend of Rs 80,000. For other card holders, this limit has been kept at Rs 40,000 per month.

3. Rewards cap on grocery and departmental store spends

Premium card holders will be able to earn reward points up to a monthly spend of Rs 40,000 on groceries, while for other cards the limit is Rs 20,000.

4. Fuel Surcharge Waiver Rules

The bank will waive fuel surcharge on fuel transactions up to Rs 50,000 per month for all card holders. For Emerald Mastercard Metal Credit Card holders, this limit is Rs 1 lakh per month.

5. Certain payments will not be included in the spending limit

Rent, government, and education payments will not be included in the spending limit for annual fee reversal and milestone benefits. Additionally, the annual fee reversal limit on Emerald and Emerald Private Metal cards has been reduced from Rs 15 lakh to Rs 10 lakh.

6. Airport Spa Facility Discontinued

ICICI Bank has discontinued the spa service offered through Dreamfolks card. This facility was available to Sapphiro, Emerald, Adani One Signature and Emirates Emerald card holders.

7. Annual Fee for Supplementary Card Holders

Supplementary card holders will now be charged an annual fee of Rs 199, which will be included in the statement of the card anniversary month.

8. Charge on education and utility payments on third-party apps

There will be a 1% charge on educational transactions made through third-party payment apps like CRED, Paytm, Cheq, and MobiKwik. However, there will be no charge on making payments through the college or school website or POS machine. Apart from this, a 1% surcharge will also be levied on utility transactions above Rs 50,000.

All these new rules will be effective from November 15, so ICICI Bank credit card holders should plan their expenses keeping these changes in mind.

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Reward Points Redemption

Yes Bank will impose limits on the number of reward points that can be redeemed for flights and hotels from December 1, 2024. Cardholders can use their Yes Rewards points to cover up to 70 per cent of the total bill or the maximum monthly limit (whichever is lower). The monthly limits are as follows –

Lounge Access

The post Credit Card New Rules: New rules are being implemented from December 1, if you also have one then know it first appeared on Rightsofemployees.com.

Credit card users get the benefits of rewards, cashback and credit points etc. on using the card. Currently there are many credit cards available in the market. Users get different offers on all cards.

One of the cards present in the market is Amazon Pay ICICI Credit Card. You get great cashback on this card on fuel filling.

Also Read: Salaried taxpayers should keep these things in mind while filing ITR, otherwise refund will be stuck

There are going to be changes in the rules of Amazon Pay ICICI Credit Card from next month. If you also have this card then you should know about the new rule.

The rules are going to change from June

The company gives 1 percent reward point on rent payment with this card, but this will not happen from June 18. This means that from June 18, users will not get any reward points (Credit Card Reward Points) on rent payment.

Offer available on fuel surcharge

If the user uses Amazon Pay ICICI Credit Card to get fuel filled, then he gets a discount of 1 percent on every fuel surcharge payment. There is no limit on rewards on this card and there is no last date to redeem these points. Let us tell you that if users buy EMI or gold through this card, they do not get any reward points.

The post Credit Card New Rules: These credit card rules will change in June, check immediately first appeared on Rightsofemployees.com.