HDFC Bank will implement some changes to its credit card loyalty program from October 1, 2024, affecting how reward points can be redeemed. These updates primarily target customers using Infinia and Infinia Metal Cards.

The new rules include caps on redeeming points for popular products like Apple devices and Tanishq vouchers, tightening how frequently these rewards can be claimed. Let us understand these major changes in detail.

Advertisement

Changes in HDFC Bank Credit Cards from October 1, 2024

1. Reward Points for Apple Products

HDFC Bank will now allow cardholders to redeem only one Apple product per calendar quarter (April-June, July-September, October-December, January-March) through the SmartBuy platform, from October 1, 2024. This rule is specific to Infinia and Infinia Metal cardholders.

2. Tanishq Vouchers Cap

The redemption of reward points for Tanishq vouchers will also be capped at 50,000 points per calendar quarter, effective from October 1, 2024. This limit also applies only to Infinia and Infinia Metal Cards.

Changes Made in September 2024

Earlier in September, HDFC Bank also made other credit card-related changes. For utility bills, telecom, and cable payments, customers will now be able to earn a maximum of 2,000 reward points per calendar month.

Additionally, for certain credit cards like HDFC Bank Millennia Credit Card, UPI, Swiggy, Paytm, and Bharat cards, the existing capping rules will continue to apply as per the product features. This means the rewards system remains specific to each card type. It offers flexibility for different users based on their card’s features.

Also Read: Axis Bank and Mastercard Team Up to Launch MyBiz Credit Card for Small Business Owners

Changes in Education Payments and Easy EMI Transactions

Education payments made through third-party apps such as CRED, Cheq, and MobiKwik will no longer earn reward points. However, users can still accumulate points when they pay directly via the educational institution’s website or their POS machines. This change applies only to consumer credit cards, leaving business users unaffected.

Furthermore, Easy EMI transactions on MoneyBack+ and Freedom cards will not earn any reward points. This move indicates a shift in the bank’s reward policies for installment-based payments.

Reward Points on General Transactions

For those using Regalia First and Business Regalia First cards, customers will continue to earn 3 reward points for every Rs 150 spent on eligible transactions, allowing them to accumulate rewards on daily purchases. Hence, these changes reflect HDFC Bank’s attempts to tighten its reward point regulations and make sure that consumers use reward points more carefully.

Want to master the secrets of credit cards and make them work for you? The 1% Club Credit Card Masterclass can help. Details here