YES Bank, with affect from Dec 1, will limit the number of YES Rewardz components which are redeemable on flights and resort bookings. Cardholders can use their components to cowl as a lot as 70 % of the total invoice or as a lot as a month-to-month cap, whichever is lower.
The month-to-month caps are:
MARQUEE Cards: 3,00,000 components
RESERV Cards: 2,00,000 components
Other YES Bank financial institution playing cards: 1,00,000 components
Next financial yr
From April 1, 2025, Yes Bank cardholders are speculated to fulfill these spending requirements inside the earlier quarter with the intention to entry house 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 two lounge visits.
YES ELITE+, SELECT, BYOC, Wellness Plus, and YES Prosperity Business Cards: Spend ₹50,000 for one or two lounge visits, counting on the cardboard.
Spending ought to occur inside designated quarters (e.g., Dec 21 – March 20 for April–June entry). The number of visits stays the equivalent nevertheless requires meeting the model new spending thresholds.
ICICI Bank
Meanwhile, ICICI Bank, starting Nov 15, will improve spend requirements for its private lounge entry perks and implement new fees and restrictions all through quite a few transactions.
For particulars, one can study this.
Some of the changes ICICI Bank has launched on its financial institution playing cards embrace the subsequent
1.g ICICI Bank credit score rating cardholders will now should spend Rs. 75,000 inside the earlier quarter to avail of house airport lounge entry inside the subsequent quarter.
2 Some ICICI financial institution playing cards equipped Spa entry at house airports on the premise of the DreamFolks card.
3 Capping on incomes reward components on insurance coverage protection and utility spends:
4. For some financial institution playing cards, the incomes of reward components has been capped on utility spends of as a lot as Rs. 40,000/month, whereas for some financial institution playing cards, it has been capped to spends of as a lot as Rs. 80,000/month. The Merchant Category Codes (MCC) for utility spends are 4899, 4900, 4901, and 3887.
5. No reward components on authorities transactions
The ICICI Bank Emeralde Mastercard Metal Credit Card will no longer earn reward components on Government-related spends.
6. Capping on incomes reward components on grocery spends
For some financial institution playing cards, the incomes of reward components has been capped on grocery and departmental retailer spends of as a lot as Rs. 20,000/month, whereas for some financial institution playing cards, it has been capped to spends of as a lot as Rs. 40,000/month.
