- By Aditya Pratap Singh
- Wed, 29 May 2024 12:27 PM (IST)
- Source:JND
Credit Card Rules Change: Credit cards have become one of the essential financial tools for people. Last month, some banks revised their fee structure, and rules for their credit card. As per a report in the Economic Times, Bank of Baroda, IDBI Bank, Yes Bank, and HDFC Bank have made some changes in fee structure. If you have a Credit card from of any these banks then you must be aware of the new rules.
IDFC First Bank
According to IDFC First Bank, if the total payment by credit card for utility bills exceeds Rs 20,000, a 1 percent extra charge will be applicable. However, LIC Classic Credit Card and LIC Select Credit Card are not subject to utility surcharge. So, there will be no surcharge if your utility bill transactions (gas, electricity, and internet) within a statement cycle total Rs 20,000 or less with any of these. However, if they exceed Rs 20,000, 18 percent additional GST will be applicable on top of the 1 percent surcharge.
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BOBCARD One Co-Branded Credit Card
Bank of Baroda has increased the interest rate and late payment charges on its BOBCARD One co-branded credit card. According to the terms and conditions released on the GetOnecard website, the increased rates will be applicable from June 26, 2024. As per the GetOnecard website. Those who use the Bobcard One co-branded credit card will be charged in cases of delayed payment or partial payment or over-use of the card limit, according to the website.
Swiggy HDFC Bank Credit Card
One of the most popular credit cards of HDFC Bank, Swiggy HDFC Bank Credit Card has introduced a cashback program. As per media reports, starting June 21, 2024, this credit card will have a new cashback structure. The cashback received from the card will no longer appear as Swiggy Money on the Swiggy app. Instead, it will be visible on the credit card account from June 21.