Important Changes in Credit Card Rules by HDFC, SBI, ICICI, and Axis Bank

If you are a credit card user, it’s essential to stay informed about recent changes in credit card rules introduced by major banks like HDFC, SBI, ICICI, and Axis Bank.

Here’s a breakdown of the modifications:

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HDFC Bank Credit Card Rules:

Regalia and Millennia Credit Cards

Changes in lounge access rules for Regalia cards are effective from December 1, 2023. Lounge access will now be based on credit card spending.

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Spending over Rs 1 lakh in a calendar quarter will provide two lounge access vouchers for Regalia cards.

Similarly, HDFC Millennia Cardholders will receive lounge access on spending Rs 1 lakh every quarter.

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SBI Card Rules:

Paytm SBI Credit Card

Cashback for fare payment transactions on Paytm SBI Credit Card has been discontinued from January 1, 2024.

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SimplyClick/SimplyClick Advantage SBI Card

From November 1, 2023, the 10X reward points for EasyDiner online purchases will now be 5X reward points. However, 10X reward points remain for online purchases on Apollo 24×7, Bookmyshow, Cleartrip, Dominos, Myntra, Netmades, and Yatra.


Axis Bank Credit Card Rules:

Magnus Credit Card

Changes in the annual fee and joining gift of Magnus Credit Card have been introduced by Axis Bank. Additionally, terms and conditions for Axis Bank Reserve Credit Card have been modified.


ICICI Bank Credit Card Rules:

Airport Lounge Access and Reward Points

ICICI Bank will implement changes in rules related to airport lounge access and reward points for credit card holders. Starting from April 1, 2024, airport lounge access can be availed by spending Rs 35,000 in the previous calendar quarter.

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Spending in the previous quarter will unlock access for the next quarter.

Stay updated and aware of these changes to make the most informed decisions regarding your credit cards.

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