From October 1, 2024, the bank is going to make some big changes in the rules of credit card. Some important changes have been made in the loyalty program of select credit cards of HDFC and they will be implemented from October 1, 2024. All the customers using HDFC credit card have also been informed by the bank by sending mail in this regard.

Will anything change?

Under the new rules, if customers buy any Apple product using the ‘Smartbuy’ platform, then now they can get rewards for the purchase of this product only once in 3 months. Also, from October 1, 2024, you can now get reward points only once on a quarterly basis for shopping from Tanishq. Keep in mind that these changes will be applicable only on HDFC Bank’s Infinia and Infinia Metal Credit Cards.

There have been changes before

Let us tell you that on 1 September 2024, necessary changes were made in the rules of credit card by HDFC Bank. After these changes, a maximum of 2000 reward points could be obtained in a month for doing utility transactions through HDFC Bank credit card. Not only this, if you use HDFC Bank credit card to pay the bill of a telecom company, then a maximum of 2000 reward points can be obtained for this in a month. Also, no reward will be received on education payments made with the help of third party apps like CRED, Mobikwik.

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Due to this, you will get only 2000 reward points every month on utility transactions. Apart from this, reward points will not be given on education payments. Earlier, many banks have changed the rules to stop the use of personal cards in commercial and business transactions.

Many rules of credit card were also changed from August 1

HDFC Bank had changed many new rules on credit card from August 1. In this, 1 percent fee is being charged for utility transactions of more than Rs 50 thousand. Apart from this, this limit has been made 75 thousand rupees per transaction on business cards. However, insurance bill is not considered a utility transaction. Now the limit of maximum points available in a month has also been fixed. Also, a cap of 2000 reward points in a month has been imposed on mobile and cable bills.

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Use of personal credit card in business transactions

The bank has informed that in many cases people have used personal credit cards for business transactions. Reward points are also being earned by paying bills of other people. This also gives them the benefit of offers based on expenditure. Now after imposing a limit on reward points, the credit card cannot be misused.

You will not get any benefit on payment through third party apps like Cred

Along with this, HDFC Bank has said that no reward points will be given for making education payments through third party apps like CRED, PayTM, Cheq and MobiKwik. However, reward points will be given for paying fees directly from the school or college website or POS machine. As per the rules implemented on fee payment from August 1, 1 percent fee is being charged on transactions made through third party apps.

The post HDFC Bank again changed the rules of credit card, Will be implemented from September 1 first appeared on Rightsofemployees.com.