Reward points update on HDFC

[abhi2992]

currently hold HDFC Regalia and got this update yesterday

Revision in the Reward Points Program & Fee structure on your HDFC Bank Credit Card xx1935 w.e.f 1st January 2023.

Dear Customer, We have an important update for you.

There is a revision in the Reward Points Program on your HDFC Bank Credit Card as below, w.e.f 1st January 2023:

1.​ On the HDFC Bank SmartBuy portal, the redemption of Reward Points for flights & hotel bookings will be capped at 50,000 Reward Points per calendar month. 2.​ Redemption of Reward Points against statement balance (CashBack redemption) will be capped at 50000 Reward Points per calendar month w.e.f 1st February 2023. 3.​ For select Products & Vouchers, the redemption of Reward Points will be capped at 70% of the total value. The remaining amount must be paid using the same Credit Card w.e.f 1st February 2023. 4.​ Rent payments and Government transactions will NOT earn Reward Points. 5.​ Reward Points earned on grocery transactions will be capped at 2000 Reward Points per calendar month.

Revision in the Fee structure w.e.f 1st January 2023:

1.​ For rent payments made through third-party merchants, a fee of 1% of the total transaction amount will be levied from the second rental transaction of the calendar month. 2.​ If you conduct a transaction (in-store or online) in Indian currency at an international location or with a merchant located in India but registered overseas, a dynamic & static conversion markup fee of 1% will be charged.