HDFC Credit Card: People use HDFC Bank’s credit and debit cards a lot. There is always some offer on HDFC Bank cards. HDFC Bank’s credit cards are quite popular. However, the bank is now going to make many changes in its credit card reward program.
The new rules will be implemented by the bank from September 1. Due to this, you will get only 2000 reward points every month on utility transactions. Apart from this, reward points will no longer be available on education payments. Many banks have changed the rules to stop the use of personal cards in commercial and business transactions.
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Many credit card rules were changed on August 1.
HDFC Bank had changed many new rules on credit cards from August 1. In this, a 1 percent fee is being charged for utility transactions of more than Rs 50 thousand. Apart from this, this limit has been made Rs 75 thousand per transaction on business cards.
However, an insurance bill is not considered a utility transaction. Now the maximum limit of points to be received in a month has also been fixed. Along with this, a cap of 2000 reward points in a month has also been imposed on mobile and cable bills.
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Personal credit card being used in business transactions
The bank has informed us that in many cases people have used personal credit cards to do business-related transactions. Also, reward points are being earned by paying bills of other people. This also gives them the benefit of offers based on expenditure. Now after the limit on reward points, the credit card cannot be misused.
Along with this, HDFC Bank has said that no reward points will be given for making education payments through third-party apps like Cred, Paytm, Cheque, and Mobikwik.