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New credit card rules for different banks will be kicked off from April 01, 2025. Let’s know them one by one.
New Credit Card Rules From April 1 (AI Generated)
Credit Card Rule Changes From April 1: Starting April 1, several new rules in different banks’ credit cards including fewer rewards, annual fee waiver, and updated benefits will roll out from next month. Air India SBI Credit Card, SimplyCLICK SBI Card, and many more have new rules.
Changes For Air India SBI Credit Card Users
Significant reductions will be observed for Air India SBI Credit Card users. The Air India SBI Platinum Credit Card will now offer 5 reward points per ₹100 spent on Air India ticket bookings, down from 15 points. Similarly, the Air India SBI Signature Credit Card will provide only 10 points per ₹100 spent, a significant drop from the earlier 30 points. These changes are likely to heavily impact frequent travelers who depend on SBI’s co-branded Air India cards for accumulating travel benefits.
Annual Fee Waiver By IDFC First Bank
IDFC First Bank will waive the annual fee for one year for those renewing their cards after March 31, 2025. However, with key benefits being discontinued, customers who previously utilized this card for Vistara travel perks might need to consider alternative options.
SimplyCLICK SBI Card
SBI Card is set to reduce reward points on specific transactions. SimplyCLICK SBI Cardholders will now earn 5X reward points on Swiggy, a reduction from the previous 10X. However, the 10X reward benefit will still be available for other partner brands such as Myntra, BookMyShow, and Apollo 24.
Revisions By Axis Bank For Vistara Credit Card
Following Vistara’s merger with Air India, Axis Bank will revise the benefits of its Vistara Credit Card effective from April 18, 2025. Cardholders renewing their cards on or after this date will not be charged an annual fee, but several valuable perks will be removed.