Seems like they will honor current TnC for transactions posted before 15 Nov
Not quite. It means all transactions on any bill produced before 15 Nov will be under current TnC. If your billing date is the 16th of the month, all transactions posted from 15 Oct - 16 Nov will be under the new TnC. So do take note of the your billing date.
But let's wait till the full details of the new scheme are out on 9 Oct along with details of how they work during the transition period.
