HDFC Bank credit card rule change: Restrictions on reward points, these transactions won’t earn points
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The bank sent an email informing credit card customers about these changes. The following revisions to your HDFC Bank Credit Card will apply from September 1, 2024:
1. Reward Points earned on Utility transactions will be capped at 2000 Reward Points per calendar month.
2. Reward Points earned on Telecom & Cable transactions will be capped at 2000 Reward Points per calendar month.
3. Education payments made through third-party apps like (but not limited to) CRED, Cheq, MobiKwik, and others will NOT earn Reward Points. However, education payments made directly through college/school websites or their POS machines will earn Reward Points.
New HDFC Bank credit card rules from August 1, 2024: New charges, late payment fee, bill payment rules, and more
4. Wallet loading and Easy EMI transactions will not earn Reward Points.
Note: The Merchant Category Codes (MCC) are set by the network (Visa, MasterCard, Rupay, Diners), not by HDFC Bank.
HDFC Bank has made major revisions to other credit card related transactions as well. Here is a look at those changes which are applicable from August 1, 2024.
Fuel Charges
1% fee will be levied on Fuel transaction exceeding — Rs 15,000 for consumer cards Rs.30,000 for business cards Fee will be applied on the total transacted amount. Fee capped at Rs 3000 per transaction.
