HDFC Credit Card: HDFC Bank’s credit cards are quite popular. However, the bank will change its credit card reward program many times. The new rules will be implemented from September 1. Due to this, you will get only 2000 monthly reward points on utility transactions. Apart from this, reward points will not be given on education payments. Many banks changed the rules to stop using personal cards in commercial and business transactions.
Many Credit Card Rules Were Also Changed From August 1
HDFC Bank changed many new rules on credit cards from August 1. A 1 per cent fee for more than Rs 50 thousand for utility transactions. Apart from this, this limit has been made 75 thousand rupees per transaction on business cards. However, an 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 monthly reward points has been imposed on mobile and cable bills.
Personal Credit Card Is Being Used In Business Transactions
The bank has informed us that many people have used personal credit cards to make business-related transactions. Also, reward points are earned by paying other people’s bills, which gives them the benefit of offers based on expenditure. The credit card cannot be misused after the reward point limit.
No Benefit Will Be Available On Payment Through Third-Party Apps Like CRED
In addition, 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 provided for paying fees directly from the school or college website or POS machine. Per the rules implemented on fee payment from August 1, a 1% fee is charged on transactions done through third-party apps.
Loss Of Reward Points On These Payments
You will not get more than 2000 monthly reward points for paying utility bills like electricity and water.
You will not get more than 2000 reward points even for recharging your phone and cable TV.
You will not get reward points for paying school and college fees through third-party apps like Cred.
You will not get reward points for paying school and college fees through business cards like BizBlack Metal Card and Biz Power.
HDFC Bank has also implemented new rules on co-branded cards like Swiggy and TataNew and premium cards like Infinia.
Redemption Limit Has Also Been Changed
In addition, from October 1, the Infinia card allows only 50,000 reward points per quarter to be spent on Tanishq vouchers.
