Rules of SBI, ICICI, Yes, Axis Bank changed from April 1. Credit card holders were completely affected.
With the start of the new business year 2024-25, many banks including SBI, Yes Bank, ICICI Bank and Axis Bank have made changes in their policies. These changes mainly affect the reward points and lounge access benefits associated with credit cards.
Reward Point Policy of SBI Card:
- From April 1, 2024, reward points will not be available on fare payments on some cards like SBI Card AURUM, SBI Card Elite, SimplyCLICK SBI Card.
ICICI Bank Lounge Access:
- In the quarter starting April 1, 2024, ICICI Bank customers will have to spend at least ₹35,000 in the previous quarter to get lounge access.
- This change will be applicable to many ICICI Bank Credit Cards including Coral Credit Card, MakeMyTrip ICICI Bank Platinum Credit Card.
Yes Bank Lounge Access Benefits:
- Yes Bank has also made changes in the policy for lounge access benefits from April 1, 2024.
- Now, all customers will have to spend at least ₹10,000 in the last quarter to get lounge access.
- This change will be applicable to all Credit Cards of Yes Bank.
Changes in Axis Bank credit card:
- Axis Bank has made changes in its Magnus Credit Card from April 20, 2024.
- These changes include not giving discounts on reward earnings, lounge access programs and annual fees.
- Now, reward points will not be available on spending on Insurance, Gold and Fuel categories.
- The bank will also make changes in the lounge access program of domestic airports.
- Now, customers will have to spend at least ₹50,000 in the last three months to get lounge access.
