Major changes are coming for HDFC and ICICI Bank customers from October 1, 2024. Here’s a breakdown of the upcoming updates regarding credit card reward redemptions and debit card lounge access:
1. HDFC Infinia Credit Card – Reward Point Redemption Limits
Apple Product Redemptions
- Current Rule: No limit on the number of Apple products that can be redeemed using reward points.
- New Rule (Effective October 1, 2024): Infinia cardholders can only redeem points for one Apple product per quarter on the HDFC SmartBuy platform.
Tanishq Voucher Redemptions
- Current Rule: No cap on reward points used for Tanishq vouchers.
- New Rule (Effective October 1, 2024): Redemption of reward points for Tanishq vouchers will be capped at 50,000 points per quarter.
2. ICICI Bank Debit Cards – Lounge Access Rule Update
Spending Threshold for Lounge Access
- New Rule (Effective October 1, 2024): To unlock complimentary airport lounge access, ICICI Bank debit cardholders must spend at least ₹10,000 in the preceding quarter.
Applicable Cards:
- ICICI Coral Debit Card
- ICICI Rubyx Debit Card
- ICICI Expressions Series Debit Cards
Benefit: Cardholders meeting the spending threshold will receive two complimentary lounge visits per quarter.
Planning ahead is key to making the most of these new changes!