look news india
The month of September has started. With the beginning of this month, some rules related to credit card have also come into effect. have changed. If you also use a credit card, then it is important for you to know about these, because it is directly related to your pocket. These rules are related to RuPay credit card as well as HDFC Bank and IDFC First Bank credit cards. Let us know which rules of credit card have changed from today i.e. 1st September.
Rupay credit card holders will get benefit
From September 1, the reward point system is being changed for RuPay credit card customers. According to the National Payments Corporation of India (NPCI), from now on RuPay credit cards will also get reward points for UPI transactions like other payment service providers. NPCI had also issued a circular in this regard, in which emphasis was laid on increasing the importance of reward points in increasing the use of credit cards.
Reward Points Cap in HDFC Bank
HDFC Bank has implemented new reward point caps from September 1. Under this, the bank has limited the number of reward points earned from utility and telecom transactions to 2000 points in a month. On the other hand, if you pay school fees through third party apps like CRED, CheQ and MobiKwik, then you will not be given reward points for that. However, reward points will be given for paying schools through their website or point of sale (POS) device.
IDFC First Bank made new rules
There have been two major changes in the rules regarding IDFC First Bank's credit card. First of all, the bank has reduced the due date to 15 days after the statement is generated, which was 18 days earlier. That is, earlier customers used to get 18 days to make the payment after the statement was generated, whereas now they will get 15 days. At the same time, the bank has reduced the minimum due limit from 5% to 2% of the principal amount.