Here is a look at the revised rules.
SBI Cards credit card reward points
SBI Cards has revised its credit card reward points programme, with effect from January 1, 2023.
“Accrual of 10X Reward Points on online spends at Amazon. in with SimplyCLICK/SimplyCLICK Advantage SBI Card will be revised to 5X Reward Points w.e.f 01 Jan’23. Your card will continue to accrue 10X Reward Points on online spending at Apollo 24X7, BookMyShow, Cleartrip, EazyDiner, Lenskart & Netmeds. T&C,” as per the bank’s website.
HDFC Bank credit card rules
HDFC Bank has revised its credit card charges and reward points programme, with effect from January 1, 2023. Here is everything you need to know about the upcoming changes
For rent payments made through third-party merchants, a fee of 1% of the total transaction amount will be levied from the second rental transaction of the calendar month.
If you conduct a transaction (in-store or online) in Indian currency at an international location or with a merchant located in India but registered overseas, a dynamic & static conversion markup fee of 1 % will be charged.
From January 2023, the maximum number of Reward Points that may be redeemed per calendar month on the HDFC Bank SmartBuy portal for hotel and ticket bookings is 1,50,000 for Infinia, 75,000 for Diners Black, and 50,000 for all other cards.
Reward Point redemption for Tanishq vouchers on the HDFC Bank SmartBuy portal will be capped at 50,000 Reward Points per calendar month for Infinia cards.
Also, “rent payments will NOT earn Reward Points on all the cards Government related transactions will NOT earn Reward Points on all the cards except Business Regalia , Business Regalia first, Business Money back, CSC small business moneyback, Paytm Business, Flipkart Business, Retailio, Best Price Save Smart, Best Price Save Max and Pinelabs
Education related transactions will NOT earn Reward Points on Business Regalia , Business Regalia first, Business Money back, CSC small business moneyback, Paytm Business, Flipkart Business, Retailio, Best Price Save Smart, Best Price Save Max and Pinelab,” according to the HDFC Bank website.
ICICI Bank credit card
The private sector lender warned its customers by SMS on September 20, 2022, “Dear Customer, starting 20-Oct-22, all transactions on your ICICI Bank Credit Card towards rent payment will be charged a 1 per cent fee,”