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Don't expect bumper rewards on card spends this festive season

Analysts say the changes made by banks on credit cards this year reflect the new reality after the sharp 250-basis point increase in interest rates by the Reserve Bank of India (RBI) since May 2022 to restrain inflation. One basis point is 0.01 percentage point. ET analysed credit card rewards and charges for HDFC Bank, SBI Card and Axis Bank, which together make up more than 50% of the outstanding cards in the market. ....

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Money matter: 5 financial changes coming into effect from Sept

Money matter: 5 financial changes coming into effect from Sept
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Eight financial changes that may impact you this September

From the end of deadlines for exchanging Rs 2,000 notes, providing nomination or opt-out for investments in MFs and demat accounts to significant changes to Axis Bank Magnus and Reserve card, there is much happening in the financial arena you need to be aware of. ....

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axis bank credit card: Credit Card Rule Change: Axis Bank reduces benefits on Axis Magnus, Axis Reserve credit card; check new rules

Do you use the Axis Bank Magnus credit card or the Axis Bank Reserve credit card? The private sector lender has revised reward points, annual waiver fee, and other terms and conditions of these two credit cards. Take a look at the new rules ....

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Axis Bank Makes Major Changes In Magnus Credit Card; Check Details Here

With effect from September 1, Axis bank has made the decision to reduce the value of rewards on the card and stop some payments from collecting reward points. ....

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