New credit card rules: These 4 banks made big changes in credit card rules, before knowing how much would be spent, there would be big losses!

New credit card rules: Bank of Baroda, Yes Bank, IDBI Bank, and HDFC Bank changed their credit card rules in May.

Credit card customers should be aware of the changes and ensure to follow the latest charges and guidelines set by the bank or credit card company. Banks that have changed their credit card rules this month include Bank of Baroda, Yes Bank, IDBI Bank, and HDFC Bank.

If you are a user of Swiggy HDFC Bank Credit Card then there is good news for you. Now the cashback structure of this credit card has been improved. These changes will be effective from June 21, 2024. Any cashback earned from June 21 onwards will appear in the credit card statement instead of Swiggy Money. This means that cashback will reduce next month's statement balance. This will reduce your bill.

IDFC First Bank has said that if the total amount of credit card payments for utility bills is Rs. Rs 20,000 will attract an additional charge of 1 percent plus GST. If your utility bill transactions (Gas, Electricity, and Internet) in one statement cycle exceed Rs. There will be no surcharge on Rs 20,000 or less. However, the utility surcharge will not be applicable to First Private Credit Card, LIC Classic Credit Card, and LIC Select Credit Card.

Bank of Baroda has increased the interest rates and late payment charges on its BOBCARD One co-branded credit card. The increased rates will be applicable from June 26, 2024.

Yes Bank has revamped various aspects of all its credit cards except the 'Personal' credit card type. These changes only affect fuel charge limits on certain bank credit card types. These changes relate to the calculation of cost levels for annual and joining fee exemptions other than 'Private'. The terms of additional charges for utility transactions have also been changed.