Attention credit card users! Big credit card rule changes in July of HDFC Bank, ICICI Bank, SBI Card, Citibank

SBI Card announced that accrual of reward points on government related transactions will be discontinued for certain credit cards from July 1, 2024. List of SBI Credit Cards where reward points will not be applicable on government related transactions with effect from July 15, 2024, as per the SBI Card website.

ICICI Bank has announced revisions to various credit card services effective July 1, 2024. One includes the revision of the card replacement fee from Rs 100 to Rs 200 on all cards (except for the Emerald Private Metal Credit Card).
Here is a look at the credit card charges that will be discontinued.

1. Cheque / Cash pick-up fee
A fee of Rs 100 per pick-up will be discontinued.
2. Charge slip request
A fee of Rs 100 per charge slip will be discontinued.
3. Dial-a-draft – transaction fee
The deduction of 3% of the draft value amount, with a minimum cost of Rs 300, would be discontinued.
4. Outstation cheque processing fee
Also, 1% of the cheque value, subject to a minimum of Rs 100 will be discontinued.
5. Duplicate statement request (beyond 3months)
A fee of Rs 100 will be discontinued for duplicate statement.

Axis Bank notified Citibank credit card customers about migrating all relationships, including credit card accounts, which is expected to be completed by July 15, 2024
Axis Bank sent an email notification to Citibank credit card customers that the migration of all relationships, including card will be completed by July 15, 2024. It also said that Citi-branded card will continue to work seamlessly till they receive their new Axis Bank cards within a few months (by the end of the year) after the migration.
The points accumulated till the migration date will remain never expiring. However, points earned post migration will expire after three years. E.g.: Points earned on 10-08-2024 will expire on 10-08-2027.

HDFC Bank has implemented new rates for credit card rent payments made via platforms such as CRED, Paytm, Cheq, MobiKwik, and Freecharge. Customers would be charged a 1% fee on rent transactions with a ceiling of Rs 3,000 per transaction. This is effective from August 1, 2024.


Tata Neu Infinity HDFC Bank Credit Card: Starting 01 August 2024, customers will earn 0.5% back as NeuCoins on eligible UPI transactions. Additionally, if you use Tata Neu UPI ID for the transaction, you will get extra 1% back as NeuCoins.