Why Are These Changes Happening?
Banks revise policies to:
- Encourage responsible spending
- Align with regulatory requirements
- Prevent fraud and misuse
- Adapt to technological advancements
Keeping track of these updates helps credit cardholders make informed decisions and get the most out of their cards.
Key Changes You Should Know
-
Axis Bank
- New redemption fees on EDGE Rewards
- Changes in interest rates
- Additional charges for fuel, rent, and wallet loads
-
YES Bank
- Limited rewards on flights and hotel bookings
- New spending thresholds for lounge access
-
HDFC Bank
- 1 percent fee on bill payments above ₹50,000
- 1 percent fee on fuel transactions above ₹15,000
-
SBI Card
- No more rewards on education, government bills, rent, and BBPS
- 1 percent fee on utility bills above ₹50,000
Why Should You Care?
- Avoid Hidden Charges – Stay ahead of changes to prevent surprise fees
- Maximize Rewards – Use your card strategically to get the best benefits
- Protect Your Credit Score – Adjust spending habits to maintain a strong credit profile
- Stay Tech-Savvy – Banks are upgrading payment systems, so it helps to be ready
- Prevent Service Disruptions – Ensure smooth transactions and uninterrupted services