RBI’s Big Update! What Will Credit Card Portability Mean For You?

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The Reserve Bank of India (RBI) has allowed credit card portability, which permits users to switch their credit card providers.

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Whether Visa, MasterCard, RuPay, or any other credit card network – you can now choose one of your choice.

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The RBI has also restricted credit card issuers from entering into agreements without portability for their customers.

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From October 2023, you can switch between credit card networks without restrictions.

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You can change your credit card network either when applying for the card or on renewing annually.

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Choose a credit card network that offers the best services and rewards.

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With IDFC FIRST Bank Credit Cards, you enjoy never-expiring Reward Points and best-in-class privileges and benefits tailored to your needs.

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