{"id":8422,"date":"2024-11-30T11:43:03","date_gmt":"2024-11-30T06:13:03","guid":{"rendered":"https:\/\/namaskaraindia.com\/?p=8422"},"modified":"2024-11-30T11:43:07","modified_gmt":"2024-11-30T06:13:07","slug":"axis-bank-sbi-au-small-finance-bank-yes-bank-announce-december-changes-to-credit-card-policies","status":"publish","type":"post","link":"https:\/\/namaskaraindia.com\/axis-bank-sbi-au-small-finance-bank-yes-bank-announce-december-changes-to-credit-card-policies\/","title":{"rendered":"Axis Bank, SBI, AU Small Finance Bank &amp; Yes Bank Announce December Changes to Credit Card Policies"},"content":{"rendered":"<div class=\"gb-container gb-container-c61c35a0\">\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_72 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/namaskaraindia.com\/axis-bank-sbi-au-small-finance-bank-yes-bank-announce-december-changes-to-credit-card-policies\/#Changes_to_Credit_Card_Policies_Throughout_Main_Banks_in_December_2024\" title=\"Changes to Credit Card Policies Throughout Main Banks in December 2024\">Changes to Credit Card Policies Throughout Main Banks in December 2024<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/namaskaraindia.com\/axis-bank-sbi-au-small-finance-bank-yes-bank-announce-december-changes-to-credit-card-policies\/#Axis_Bank_Credit_Card_Coverage_Updates\" title=\"Axis Bank Credit Card Coverage Updates\">Axis Bank Credit Card Coverage Updates<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/namaskaraindia.com\/axis-bank-sbi-au-small-finance-bank-yes-bank-announce-december-changes-to-credit-card-policies\/#Efficient_Date_December_20_2024\" title=\"Efficient Date: December 20, 2024\">Efficient Date: December 20, 2024<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/namaskaraindia.com\/axis-bank-sbi-au-small-finance-bank-yes-bank-announce-december-changes-to-credit-card-policies\/#SBI_Card_Coverage_Updates\" title=\"SBI Card Coverage Updates\">SBI Card Coverage Updates<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/namaskaraindia.com\/axis-bank-sbi-au-small-finance-bank-yes-bank-announce-december-changes-to-credit-card-policies\/#Efficient_Date_December_1_2024\" title=\"Efficient Date: December 1, 2024\">Efficient Date: December 1, 2024<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/namaskaraindia.com\/axis-bank-sbi-au-small-finance-bank-yes-bank-announce-december-changes-to-credit-card-policies\/#AU_Small_Finance_Bank_Updates\" title=\"AU Small Finance Bank Updates\">AU Small Finance Bank Updates<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/namaskaraindia.com\/axis-bank-sbi-au-small-finance-bank-yes-bank-announce-december-changes-to-credit-card-policies\/#Efficient_Date_December_22-23_2024\" title=\"Efficient Date: December 22-23, 2024\">Efficient Date: December 22-23, 2024<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/namaskaraindia.com\/axis-bank-sbi-au-small-finance-bank-yes-bank-announce-december-changes-to-credit-card-policies\/#Yes_Bank_Credit_Card_Updates\" title=\"Yes Bank Credit Card Updates\">Yes Bank Credit Card Updates<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/namaskaraindia.com\/axis-bank-sbi-au-small-finance-bank-yes-bank-announce-december-changes-to-credit-card-policies\/#Efficient_Dates_December_1_2024_and_April_1_2025\" title=\"Efficient Dates: December 1, 2024, and April 1, 2025\">Efficient Dates: December 1, 2024, and April 1, 2025<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/namaskaraindia.com\/axis-bank-sbi-au-small-finance-bank-yes-bank-announce-december-changes-to-credit-card-policies\/#Key_Takeaways_for_Shoppers\" title=\"Key Takeaways for Shoppers\">Key Takeaways for Shoppers<\/a><\/li><\/ul><\/nav><\/div>\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Changes_to_Credit_Card_Policies_Throughout_Main_Banks_in_December_2024\"><\/span>Changes to Credit Card Policies Throughout Main Banks in December 2024<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Credit cardholders ought to put together for important modifications as a number of banks revise their bank card insurance policies beginning December 2024. These updates will have an effect on charges, rewards, and transaction processes, making <a href=\"https:\/\/namaskaraindia.com\/10-in-demand-it-business-ideas-to-watch\/\">it<\/a> essential for customers to adapt and keep away from surprising prices. Beneath are the important thing modifications introduced by Axis Bank, SBI Playing cards, AU Small <a href=\"https:\/\/namaskaraindia.com\/exciting-news-property-indexation-benefit-is-back-to-save-homeowners-money\/\">Finance<\/a> Bank, and Yes Bank.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Axis_Bank_Credit_Card_Coverage_Updates\"><\/span><strong>Axis Bank Credit Card Coverage Updates<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Efficient_Date_December_20_2024\"><\/span><strong>Efficient Date: December 20, 2024<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>Axis Bank will implement numerous modifications, together with price changes and redemption costs:<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>Redemption Charges<\/strong>:<ul><li><strong><a href=\"https:\/\/namaskaraindia.com\/10-legit-ways-to-make-money-online-from-home\/\">Money<\/a> Redemption<\/strong>: \u20b999 + 18% GST<\/li><li><strong>Mileage Transfers<\/strong>: \u20b9199 + 18% GST<\/li><\/ul><strong>Relevant Playing cards<\/strong>:<ul><li>Axis Bank Atlas<\/li><li>Magnus<\/li><li>Reserve Credit Playing cards<\/li><\/ul><strong>Exemptions<\/strong>: Citi-protege playing cards like Axis Bank Olympus and Horizon.<strong>Motion Level<\/strong>: Prospects are suggested to redeem or switch factors earlier than the deadline to keep away from costs.<\/li>\n\n\n\n<li><strong>Larger Curiosity Charges<\/strong>:\n<ul class=\"wp-block-list\">\n<li>Month-to-month rate of interest elevated to <strong>3.75%<\/strong>, impacting cardholders who carry ahead balances.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Different Price Changes<\/strong>:\n<ul class=\"wp-block-list\">\n<li>Auto debit reversals and test returns: \u20b9500 or 2% of the transaction quantity.<\/li>\n\n\n\n<li>Department money funds: \u20b9175 per transaction.<\/li>\n\n\n\n<li>Penalty for lacking the <strong>Minimal Quantity Due (MAD)<\/strong> for 2 consecutive cycles: \u20b9100.<\/li>\n<\/ul>\n<\/li>\n<\/ol>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"SBI_Card_Coverage_Updates\"><\/span><strong>SBI Card Coverage Updates<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Efficient_Date_December_1_2024\"><\/span><strong>Efficient Date: December 1, 2024<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>SBI Playing cards will introduce new costs and discontinue sure advantages:<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>Transaction Prices<\/strong>:\n<ul class=\"wp-block-list\">\n<li>Pockets hundreds above \u20b910,000.<\/li>\n\n\n\n<li>Utility funds exceeding \u20b925,000.<\/li>\n\n\n\n<li>Gaming transactions above \u20b910,000.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Utility <a href=\"https:\/\/namaskaraindia.com\/how-to-start-a-shoes-shop-business-start-a-shoe-shop-profit\/\">Cost<\/a> Charges<\/strong>:\n<ul class=\"wp-block-list\">\n<li>Funds above \u20b950,000 for electrical <a href=\"https:\/\/namaskaraindia.com\/adani-energy-solutions-q2-fy25-results-pat-jumps-172-to-rs-773-crore-revenue-up\/\">energy<\/a>, water, and fuel: <strong>1% transaction price<\/strong>.<\/li>\n\n\n\n<li>Funds under \u20b950,000 are exempt.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Rewards Coverage Changes<\/strong>:\n<ul class=\"wp-block-list\">\n<li>No reward factors for transactions on <a href=\"https:\/\/namaskaraindia.com\/50-startup-firms-creative-digital-duties-constructed-by-cube-2-0\/\">digital<\/a> gaming platforms.<\/li>\n\n\n\n<li>Impacts playing cards like SBI Premium, Life-style, and <a href=\"https:\/\/namaskaraindia.com\/dhanteras-diwali-offers-phonepe-comes-up-with-new-cashback-deal-on-digital-gold\/\">Gold<\/a> Playing cards.<\/li>\n<\/ul>\n<\/li>\n<\/ol>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"AU_Small_Finance_Bank_Updates\"><\/span><strong>AU Small Finance Bank Updates<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Efficient_Date_December_22-23_2024\"><\/span><strong>Efficient Date: December 22-23, 2024<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>AU Small Finance Bank is revising its <strong>Ixigo AU Credit Card<\/strong> options:<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>Reward Factors<\/strong>:\n<ul class=\"wp-block-list\">\n<li><strong>Frozen Classes<\/strong>: No factors for transactions in schooling, authorities <a href=\"https:\/\/namaskaraindia.com\/ai-helps-start-new-firms\/\">companies<\/a>, hire funds, and Bharat Invoice Cost System (BBPS).<\/li>\n\n\n\n<li><strong>Worldwide Transactions<\/strong>: No reward factors; as a substitute, a 0% foreign exchange markup on all worldwide transactions begins on <strong>December 23, 2024<\/strong>.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Revised Reward Level Limits<\/strong>:\n<ul class=\"wp-block-list\">\n<li>Telecom, utility, and insurance coverage transactions:\n<ul class=\"wp-block-list\">\n<li>Capped at <strong>100 factors per insurance coverage transaction<\/strong>.<\/li>\n\n\n\n<li>Earn 1 reward level for each \u20b9100 spent in these classes.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n<\/ol>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Yes_Bank_Credit_Card_Updates\"><\/span><strong>Yes Bank Credit Card Updates<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<h4 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Efficient_Dates_December_1_2024_and_April_1_2025\"><\/span><strong>Efficient Dates<\/strong>: December 1, 2024, and April 1, 2025<span class=\"ez-toc-section-end\"><\/span><\/h4>\n\n\n\n<p>Yes Bank will replace its rewards redemption and lounge entry insurance policies:<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>Reward Factors Redemption<\/strong>:\n<ul class=\"wp-block-list\">\n<li>New limits on factors redemption for flights and motels, various by card sort.<\/li>\n\n\n\n<li>Premium playing cards like YES PRIVATE and YES MARQUEE can have larger redemption caps.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Lounge Entry Spending Thresholds<\/strong> (Efficient April 1, 2025):\n<ul class=\"wp-block-list\">\n<li>YES MARQUEE cardholders: \u20b91,00,000 annual spend for six complimentary lounge visits.<\/li>\n\n\n\n<li>YES First Precedence cardholders: \u20b975,000 annual spend for 2 lounge visits.<\/li>\n<\/ul>\n<\/li>\n<\/ol>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Key_Takeaways_for_Shoppers\"><\/span><strong>Key Takeaways for Shoppers<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ol class=\"wp-block-list\">\n<li><strong>Plan Forward<\/strong>: Redeem reward factors and alter spending habits to keep away from surprising charges.<\/li>\n\n\n\n<li><strong>Overview Policies<\/strong>: Test particular person card phrases to perceive the implications of those updates.<\/li>\n\n\n\n<li><strong>Improve Rewards<\/strong>: Discover alternate methods to maximize advantages in gentle of lowered reward factors for particular classes.<\/li>\n<\/ol>\n\n\n\n<p>By staying knowledgeable and proactive, cardholders can navigate these modifications successfully whereas minimizing monetary impacts.<\/p>\n\n<\/div>\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p> &#8230; <a title=\"Axis Bank, SBI, AU Small Finance Bank &amp; Yes Bank Announce December Changes to Credit Card Policies\" class=\"read-more\" href=\"https:\/\/namaskaraindia.com\/axis-bank-sbi-au-small-finance-bank-yes-bank-announce-december-changes-to-credit-card-policies\/\" aria-label=\"Read more about Axis Bank, SBI, AU Small Finance Bank &amp; Yes Bank Announce December Changes to Credit Card Policies\">Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":8423,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false},"version":2}},"categories":[7],"tags":[4464,4465,4466],"class_list":["post-8422","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-live-news","tag-banking-updates","tag-credit-card-perks","tag-economic-news","generate-columns","tablet-grid-50","mobile-grid-100","grid-parent","grid-33"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/namaskaraindia.com\/wp-content\/uploads\/2024\/11\/Credit-card-tweaks-in-December-Axis-Bank-State-Bank-of.jpeg?fit=1200%2C675&ssl=1","jetpack-related-posts":[],"jetpack_shortlink":"https:\/\/wp.me\/peS26G-2bQ","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/namaskaraindia.com\/wp-json\/wp\/v2\/posts\/8422","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/namaskaraindia.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/namaskaraindia.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/namaskaraindia.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/namaskaraindia.com\/wp-json\/wp\/v2\/comments?post=8422"}],"version-history":[{"count":1,"href":"https:\/\/namaskaraindia.com\/wp-json\/wp\/v2\/posts\/8422\/revisions"}],"predecessor-version":[{"id":8426,"href":"https:\/\/namaskaraindia.com\/wp-json\/wp\/v2\/posts\/8422\/revisions\/8426"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/namaskaraindia.com\/wp-json\/wp\/v2\/media\/8423"}],"wp:attachment":[{"href":"https:\/\/namaskaraindia.com\/wp-json\/wp\/v2\/media?parent=8422"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/namaskaraindia.com\/wp-json\/wp\/v2\/categories?post=8422"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/namaskaraindia.com\/wp-json\/wp\/v2\/tags?post=8422"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}