From SBI, HDFC to ICICI Bank: Why credit card issuers are tightening their reward policies

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Credit card companies like American Express, ICICI Bank, SBI, and HDFC Bank are tightening their reward policies, making it harder for users to earn benefits. This shift involves moving to more demanding milestone structures, reducing perks, and increasing spending requirements for rewards like lounge access and bonus points. Banks are adjusting these policies due to rising defaults and the high cost of benefits, prompting cardholders to strategize their spending to optimize card usage.

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