Credit Card: Credit card has become a part of our life now. We mostly use these credit cards called credit cards for shopping and other transactions.
This is due to changes in the credit card related rules of many banks from today i.e. July 1. Currently ICICI Bank, SBI Bank, HDFC Bank have announced their new rules.
SBI Bank
SBI has announced that from today (July 1) customers will not get bonus points for any government transaction. Also, this facility will be discontinued from July 15 in some SBI cards.
ICICI Bank
Now ICICI card holders have come up with a new rule where they have to pay Rs 200 instead of Rs 100 to switch the card. With this, the Rs 100 charge for check and cash withdrawals will be discontinued.
Similarly, the charging of Rs.100 for requesting a charge slip will also be stopped from today. They have also decided to stop the 1% percentage charge on check value ie Rs.100 to be specific.
HDFC Bank
HDFC Bank is also going to change its credit card rules but not in July. This rule will come into effect from August 1. Accordingly, customers using HDFC Bank Limited’s credit card will now have to pay more for those using platforms like CRED, Paytm, Cheq, MobiKwik and Freecharge.
Citibank
HDFC Bank has also introduced new charges for credit card rentals made through sites like Great, Paytm, Check, Mobiquik and Freecharge. A maximum per transaction of Rs. 3,000 will be charged a 1% percentage on rental transactions for customers. It will come into effect from August 1, 2024.
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