RBI Credit Card Rules: Many changes are going to come in the banking sector from April 1. This is going to have a direct impact on the common man. If you also use a credit card, then you also have to face many changes. Those who use credit cards must know the new changes.

Credit card rules will be affected.

Big changes are coming in the rules of banking in India. From April 1, 2025, these new rules will affect the account holders of the country. The new rules of the banking system will affect the benefits of credit cards, savings account rules, ATM withdrawal policies, and many other things.

It is important to be aware of these changes to avoid fines. In such a situation, you will be able to take full advantage of the banking system. Let's know about the rules of credit card changes.

Credit card rules are changing.

The financial year is starting. In such a situation, many big banks like State Bank of India (SBI), IDFC First Bank, and Axis Bank are going to change their credit card rules. These changes in the credit card will be related to fees, reward points, and other benefits. Let's know about all the changes.

Changes in SBI Credit Card

SBI has decided to reduce the reward points available on certain transactions for consumers on its credit card. SimplyClick SBI Card will now give only 5X reward points instead of 10X reward points on spending on Swiggy. Here it has been halved. Reward points will remain the same on some platforms. Similarly, the reward points of the SBI Air India Credit Card are also being reduced.

Axis Bank Credit Card Rules

Similarly, after the merger of Vistara and Air India, Axis Bank has changed the benefits of Vistara Credit Card. Those whose cards will be renewed from 18 April 2025 will not have to pay annual charges. At the same time, sub-consumers will not get a free Maharaja Club tier membership.

IDFC First Bank's Milestone Rewards ends

Milestone Rewards will stop on IDFC First Bank credit cards from March 31, 2025. Due to this, you will not get any special bonus on spending. Along with this, Club Vistara Silver membership and free vouchers like premium economy tickets and class upgrade vouchers will also end.

This will be the effect of the changes.

These changes will have many effects on the account holders. Now you will get less benefit from reward points on online shopping with credit card, ticket booking or travel. These big changes have been made regarding the cards of banks

Disclaimer: This content has been sourced and edited from Hr Breaking. While we have made modifications for clarity and presentation, the original content belongs to its respective authors and website. We do not claim ownership of the content.