Many big credit card issuers have made major changes in their credit card rules which may impact customers if ignored. So credit card holders of SBI Card, ICICI Bank, Axis Bank, Yes bank should note the following changes that will come into effect in April 2024.
SBI credit card changes in April
SBI Card has announced that accrual of reward points on rent payment transactions will be discontinued for certain credit cards effective from April 1, 2024.
Popular credit cards include AURUM, SBI Card Elite, SBI Card Elite Advantage, SBI Card Pulse and SimplyCLICK SBI Card. Further, the accumulation of reward points on rent payment transactions for certain credit cards will end on April 15, 2024
Check full list here
Yes Bank credit card changes from April 1, 2024
Starting April 1, YES Bank credit cards who spend Rs 10,000 or more in a calendar quarter will be eligible for complimentary domestic lounge access, according to various news report. It signifies that spending in the previous quarter will provide entry to the next quarter, as per the news reports
ICICI Bank credit card changes from April 1, 2024
According to the ICICI Bank website, “Starting Apr 01, 2024, you can enjoy One complimentary airport lounge access by spending Rs. 35,000 in the preceding calendar quarter. Spends made in the preceding calendar quarter will unlock access for the subsequent calendar quarter. To be eligible for complimentary lounge access in Apr-May-Jun, 2024 quarter, you need to spend a minimum of Rs.35,000 in the January-February-March 2024 quarter and similarly for following quarters.”
New ICICI Bank Credit Card rules: ICICI Bank to change airport lounge access benefits, reward points rules for these 21 credit cards
Axis Bank credit card changes from April 15, 2024
Reward points exclusion
Spending on fuel, insurance, and gold/jewelry will not be eligible for basic or expedited EDGE REWARD Points, adding to the list of category limitations already listed.
Spends on Annual fee waiver
Spends threshold for annual fee waiver will exclude spends done on Insurance, Gold/Jewelry & fuel categories.
Domestic & international lounge
The complimentary guest visits applicable on domestic & international lounge programs will be revised from 8 guest visits to 4 guest visits.
Domestic lounge
For the current calendar year, all Magnus customers will have four guest visits accessible from April 20th, 24 to December 31st, 24 regardless of the amount of guest visits used up to April 19th, 24.
From next calendar year onwards, Magnus customers can enjoy 4 complimentary guest visits per calendar year.
International lounge
For current card anniversary year, all Magnus customers will have 4 guest visits available from 20th April’24 till card anniversary date, irrespective of number of guest visits utilised till 19th April’24.
From next card anniversary year, Magnus customers can enjoy 4 complimentary guest visits on Priority Pass, per card anniversary year.
Axis Bank Credit Card major changes announced: Reward point earnings, lounge access, annual fee waiver rules changed for this credit card
