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First, rent payments, and now utility payments category, banks are imposing extra charges on them. In a recent development, Yes Bank and IDFC First Bank announced that they will charge an additional 1% fee on all utility payments made using their credit cards starting from May 1, 2024. However, things were not always like this. We used to receive good rewards on utility payments, and there were no extra fees for paying utility bills. So, what exactly happened that forced banks to implement such rules? Let me tell you some possible reasons behind these changes in this video. Article on Moneycontrol & TechnoFino Community: 1% Extra Fees Imposed on Utility Payments Using Credit Cards | Why Banks Are Behind the Utility Category - [article will be published soon, link will be added here] Apply For SBI Cashback Credit Card: https://cutt.ly/IeiT3wXt Apply For HDFC Bank Infinia, Biz Black & Other Credit Card: https://cutt.ly/weiYtyYf Apply For Lifetime Free IDFC First Credit Cards: https://cutt.ly/0eiT3x7W Apply For American Express Credit Cards: https://bit.ly/TFAMEXGC Apply For Standard Charted Smart Credit Card: https://bitli.in/2Vw21pz Apply For HDFC Bank Credit Card: https://cutt.ly/KeiT5poF Apply For HDFC Bank TATA NEU Credit Card: https://bit.ly/TFTataNeu Apply For AU Bank Credit Card: https://cutt.ly/HeiT5Mg2 Upgrade Your Other Bank Credit Card To AU Bank Credit Card: https://cutt.ly/leiT6OPm Apply For Axis Atlas Credit Card: https://cutt.ly/neiT66U5 Apply For Axis Magnus Credit Card: https://cutt.ly/jeiYqbbO Apply For Yes Marque Credit Card: https://cutt.ly/aeiYwzTj Apply For ICICI Amazon Pay Credit Card: https://cutt.ly/6eiYeeVy Apply For HSBC Cashback Credit Card: https://cutt.ly/ueiYtvAv Apply For Indusind EazyDiner Credit Card: https://cutt.ly/AeiYy29e IndusInd Legend Credit Card (LTF): https://cutt.ly/CeiYoTO9 IndusInd Platinum Credit Card – LIFETIME FREE: https://cutt.ly/JeiYpo0R OneCard: https://1cardapp.page.link/SAoU [* Zerodha Account Opening Link- https://zerodha.com/open-account?c=ZM... {Zerodha India's Number 1 Broker} If you want to open an account with Upstox, you can open using this link- http://upstox.com/open-account/?f=6TJG ________ Facebook - / technofino Twitter - / technofino Instagram - / technofino Telegram- t.me/technofino Disclaimer- Some contents are used for educational purposes under fair use. Copyright Disclaimer Under Section 107 of the Copyright Act 1976, allowance is made for "fair use" for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational or personal use tips the balance in favor of fair use. "TechnoFino" is a "Technology" and "Finance" related channel, where you can get information about the latest technology (Technology used in the finance sector ) and finance (Like- Credit Card, Banking, Banking Technology, Mutual fund, Stock Market, Investment, etc) in Hindi. Please SUBSCRIBE to " TechnoFino " { Click Here- / @technofino } Thanks जय हिन्द, वन्दे मातरम Jai Hind, Vande Mataram