Now it's ICICI Bank's turn—they've joined the 2024 devaluation party. Here’s a simplified breakdown of the changes:
Utility & Insurance Capping:
You will continue to earn reward points for utility and insurance spends up to Rs. 80,000 at the current earn rate on Rubyx and higher variant cards*.
For Coral and lower variant cards**, the cap is Rs. 40,000 for both utility and insurance spends
Grocery Capping:
Earn reward points for grocery and departmental store spends up to Rs. 40,000 per month on Rubyx or higher variant cards.
The cap is Rs. 20,000 per month for Coral...