The largest private bank in the nation that issues credit cards, HDFC Bank, has modified its reward program. If you have received different benefits by using a credit card to pay, you should study the change in reward points at least once. On all cards, reward points have been capped. On the other hand, payments for rent, education, and government expenses won't qualify for reward points when made using normal credit cards.
Credit card fees of HDFC Bank will also change.
Additionally, the bank modified the pricing schedule for a few of its chosen credit cards. The latest adjustments to the Hamfi structure and reward point system will take effect on January 1, 2023, and the bank will inform its customers via SMS. The bank's website, point 6, explains how reward point changes work. Your HDFC Bank Credit Card will have a reward point scheme that looks something like this, according to the bank.
Major Changes in Reward Points
1- 75,000 on Diners Black, 1,50,000 reward points on Infinia, and 50,000 on all other cards can be earned per calendar month on travel-related purchases, including flights and hotels.
2- On Infinia cards, the number of reward points on Tanishq coupons is capped at 50,000 per calendar month.
3- A maximum of reward points of 3,000 can be redeemed for cash back each calendar month.
4- Reward Points can only be redeemed for 70% of the total cost of certain products and coupons.
5- Rent payments will not earn reward points. In addition, reward points will not be available for payment using the other cards except for small cards used for government transactions.
6- Rewards for purchases made in the name of education have also been restricted.
7- The number of reward points earned on grocery purchases will also be limited each month.
8- The bank has also altered the payment cost structure in conjunction with this. Customers have also received this information via SMS and the bank's website.