HDFC Bank and IDFC FIRST Implement New Credit Card Rules from September 2024

From September 2024, new rules for credit card usage have come into effect at HDFC Bank and IDFC FIRST Bank. The changes are part of the banks’ compliance with evolving regulatory guidelines and are aimed at ensuring more transparency and better customer experience. HDFC Bank has revised certain features related to reward points, interest charges, and billing cycles. Customers will notice adjustments in how points are accrued on specific transactions and how late payment fees are applied. IDFC FIRST Bank has also rolled out updates that include changes in credit limits, EMI conversion options, and cash advance charges. The bank clarified that these modifications are intended to align services with customer behavior while maintaining financial discipline. Industry experts believe the new rules may influence how customers plan their spending and repayments. The overall impact is expected to encourage responsible credit card usage while offering greater clarity in terms of costs and benefits.