Credit Card: Now after rent payment, banks are imposing additional charges on utility payments through bank cards. Now Yes Bank and IDFC First Bank have also joined this list. The bank has announced that they will charge an additional 1 percent on all payments made using their credit cards from May 1, 2024. Thus, this method may prove useful for you.
This means that if a Yes Bank credit card holder makes a payment of less than Rs 15,000 in a credit bill cycle, no additional charges will be charged, but if it exceeds Rs 15,000, Rs 1 Percentage will be charged. Along with this, 18 percent GST will also be charged on it. The requirement is in case of Yes Bank credit card, and for IDFC First Bank there is a free credit limit of Rs 20,000.
Reward tradition will end
Till now, companies used to provide rewards on credit card usage. Whereas now they are allowed to charge fees. Now the question is why are banks imposing these charges? A simple answer to this is that they are getting lower margins by not charging fees. Therefore he is getting his profits through this fee.
This way you can save money
If you want that you do not have to pay separate charges for utility bills, you can use RuPay credit card. There are no charges on merchant payments on this card. If you transfer money through UPI. Thus, users get one month’s time to pay the credit card bill. People who swipe credit cards at petrol pumps. Start using them by RuPay Credit Card by scanning it with the UPI scanner. With this you can not only save your money. Rather you can ensure your contribution to Digital India.