Credit Card adjustments: YES Bank to roll out new rewards redemption limits beginning subsequent month

YES Bank, with impact from Dec 1, will restrict the variety of YES Rewardz factors that are redeemable on flights and resort bookings. Cardholders can use their factors to cowl as much as 70 % of the full bill or as much as a month-to-month cap, whichever is decrease.

The month-to-month caps are:

MARQUEE Cards: 3,00,000 factors

RESERV Cards: 2,00,000 factors

Other YES Bank bank cards: 1,00,000 factors

Next monetary yr

From April 1, 2025, Yes Bank cardholders are supposed to satisfy these spending necessities within the earlier quarter with the intention to entry home lounges:

YES MARQUEE and YES RESERV Cards: ₹1 lakh for six or three lounge visits, respectively.

YES First Preferred and YES First Business Cards: ₹75,000 for 2 lounge visits.

YES ELITE+, SELECT, BYOC, Wellness Plus, and YES Prosperity Business Cards: Spend ₹50,000 for one or two lounge visits, relying on the cardboard.

Spending should happen inside designated quarters (e.g., Dec 21 – March 20 for April–June entry). The variety of visits stays the identical however requires assembly the brand new spending thresholds.

ICICI Bank

Meanwhile, ICICI Bank, beginning Nov 15, will enhance spend necessities for its personal lounge entry perks and implement new charges and restrictions throughout numerous transactions.

For particulars, one can learn this.

Some of the adjustments ICICI Bank has launched on its bank cards embrace the next

1.g ICICI Bank credit score cardholders will now have to spend Rs. 75,000 within the previous quarter to avail of home airport lounge entry within the subsequent quarter.

2 Some ICICI bank cards supplied Spa entry at home airports on the premise of the DreamFolks card.

3 Capping on incomes reward factors on insurance coverage and utility spends:

4. For some bank cards, the incomes of reward factors has been capped on utility spends of as much as Rs. 40,000/month, whereas for some bank cards, it has been capped to spends of as much as Rs. 80,000/month. The Merchant Category Codes (MCC) for utility spends are 4899, 4900, 4901, and 3887.

5. No reward factors on authorities transactions

The ICICI Bank Emeralde Mastercard Metal Credit Card will now not earn reward factors on Government-related spends.

6. Capping on incomes reward factors on grocery spends

For some bank cards, the incomes of reward factors has been capped on grocery and departmental retailer spends of as much as Rs. 20,000/month, whereas for some bank cards, it has been capped to spends of as much as Rs. 40,000/month.