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Credit Card Rules: From December 1, 2024, major banks of India have made major changes in the policy related to credit cards. These changes have been implemented on charges, reward points and transaction terms. Customers need to be aware of these revisions.

Credit Card Rules: From December 1, 2024, major banks of India have made major changes in the policy related to credit cards. These changes have been implemented on charges, reward points and transaction terms. It is very important for customers to be aware of these revisions so that they can avoid unnecessary charges. So that, you can get maximum benefits on credit cards.

SBI Credit Card

SBI Card will now charge 1% on utility bill payments of more than Rs 50,000.
Many cards like SimplyCLICK, AURUM and Gold SBI Card will not get reward points on payments made on digital gaming platforms.

Axis Bank Credit Cards

From December 20, 2024, a charge of Rs 9 + 18% GST will be applicable on cash redemption and Rs 199 + 18% GST on mileage poitransfersfer.
Transaction charges and interest rates on wallet load, fuel purchases and rent payments have been changed.

YES Bank Credit Cards

The redemption policy of reward points has been changed.
Reward points limits have been set for hotel and flight bookings. Redemption limits are higher on YES Private and YES MARQUEE cards.

Free airport lounge access will cost more from April 1, 2025. For example, YES MARQUEE cardholders will have to spend Rs 1 lakh for six lounge visits and YES First Preferred cardholders will have to spend Rs 75,000 for two visits.

AU Small Finance Bank Credit Card

The terms of reward point for the Ixigo AU Credit Card will be changed from 22 December 2024.
Reward points will not be available for government services, education, or rent payments in a Bharat Bill Payment System (BBPS).
Reward points will not be available on foreign purchases due to the implementation of 0% FX markup on foreign transactions from 23 December 2024.
Reward points have also been capped on utility, insurance and telecom transactions. Insurance transactions will get 1 point per Rs 100 with a limit of 100 points.