M16S / Devaluation Index
Data · updated with every news post
Credit card Devaluation Index
327 changes logged since 15 Jan 2024. 233 are cuts and 19 are mixed, a cut score of 242.5 across 22 banks (AU, Amex, Axis, Bank of Baroda, CSB, City Union, Equitas, Federal, HDFC, ICICI, IDFC, Indian, IndusInd, J&K Bank, Kotak Mahindra, Punjab National, RBL, SBI Card, South Indian, Union Bank of India, Utkarsh, Yes).
What is counted. This index counts 327 dated changes: our news posts, and the card histories we backfilled from issuer notices for the 100 most-held cards, dated 15 Jan 2024 to 15 Nov 2026. Banks with fewer cards in the backfill have fewer chances to show a cut, so a low count does not prove a bank was generous. Nothing is added from memory or from other sites: every count links to the bank's own notice or to our post that cites it.
Cuts by bank
A change that touches cards from two banks counts once for each bank. The numbers in brackets are the posts behind each count, listed below.
Cuts by quarter
A change is counted in the quarter it takes effect. If the notice gives no date, the quarter we published it.
How it is counted
Every change is tagged with one change type, read from the bank's or regulator's own document:
- Cut: cardholders get less. A lower earn rate, a new cap, a new spend gate on a perk, a fee rise, fewer lounge visits.
- Mixed: the same notice takes one benefit away and improves another. It counts as half a cut, because we do not weigh how big each part is.
- Improvement: cardholders get more. Counted, but not in the cut score.
- Launch: a new card. Rule: a regulator or network change that is not one bank's choice. Neither is a cut.
- Change: the bank's document gives the new term and its date but not the old one, so we cannot say whether cardholders gained or lost. Not a cut. A closure to new applicants is also logged as a change.
Cut score = cuts + half the mixed changes. It is a count of notices, not a measure of how much value was lost. One large cut and one small cut both score 1.
The full log is on the news page, and by bank on the change log, and the counts are in data.json. Spotted a cut we missed? Send us the bank's notice.
The changes behind the counts
- American Express MRCC drops 50% annual fee waiver, Nov 2026
The 50% annual fee waiver on spends of Rs 90,000 or more in a Card Membership year is removed from the Membership Rewards Credit Card.
- American Express India ends Membership Rewards pooling across cards, Nov 2026
From 15 November 2026 Membership Rewards points are kept separately for each Basic Card, and transfers of points from one Card to another are discontinued. Earn rates and redemption options stay the same.
- American Express India counts spend milestones by posting date from Nov 2026
Monthly spend milestones are assessed on the date a transaction posts to the Card, not the purchase date. The benefit is credited by the end of the month in which the milestone is met. Transactions posted before 14 November 2026 follow the old structure.
- American Express India stops issuing new Account Cards, Nov 2026
Effective 15 November 2026 new Account Cards are no longer available. Requests were open until 27 October 2026, and existing Account Cards keep working.
- Standard Chartered Beyond: zero forex markup till 31 Dec 2026
Standard Chartered has dropped the 2% forex markup on its Beyond credit card from 21 October to 31 December 2026, and doubled the monthly EazyDiner and BookMyShow offers for the same period.
- AU Zenith+ credit card forex markup cut to 0% from 1 Dec 2026
AU Small Finance Bank will charge no forex markup on the Zenith+ credit card from 1 December 2026, down from 0.99%. Its card terms updated on 2 November 2026 show the change.
- Air India launches Maharaja Shop to earn Maharaja Points, Nov 2026
Air India launched the Maharaja Shop on 5 November 2026, a members-only store where Maharaja Club members earn Maharaja Points on eligible purchases. The points go to award flights and upgrades.
- Kotak Private credit card: Rs 49,000 fee, zero forex, invite only, Nov 2026
Kotak Mahindra Bank now has a public page for its invite-only Kotak Private credit card. Its terms show a Rs 49,000 annual fee, waived for eligible Kotak Private clients, and nil forex markup.
- ICICI cards lose air accident cover and INOX, fees rise, Dec 2026
From 15 December 2026, ICICI Bank ends air accident cover on 7 cards, CFAR cover on 4 and the INOX benefit on 9. Card replacement goes to Rs 300 plus GST from 11 December.
- Axis Vistara credit cards stop working for spends after 15 Dec 2026
Axis Bank says its Vistara credit cards will be discontinued for spends after 15 December 2026, after Vistara merged into Air India. Select holders are offered another Axis card in its place.
- RBI bans dark patterns and mis-selling by banks from 1 January 2027
From 1 January 2027, banks must take explicit consent for each product, set consent to No by default, make cards easy to cancel and state the spend behind any lifetime free fee waiver.
- ICICI 1838 Reserve credit card launched, Rs 1,75,000 fee, Oct 2026
ICICI Bank and Times Internet launched the invite-only 1838 Reserve Visa card in New Delhi on 30 October 2026. It costs Rs 1,75,000 plus GST to join and every year, with no waiver.
- HDFC updates CIBIL within 15 days of overdue payment, Oct 2026
HDFC Bank's card terms dated 31 October 2026 cut the time to update CIBIL after an overdue payment from 30 days to 15, and drop the Rs 99 redemption fee for Tata Neu Infinity and Plus.
- PNB credit card charges rise from 1 Nov 2026: cash, late fee, rewards
From 1 November 2026, PNB Visa and RuPay credit cards pay 2.5% on cash advances, late fees up to Rs 1,200, Rs 99 per reward redemption and 1% on utility bills above Rs 50,000 a cycle.
- Axis Bank changes credit card EMI foreclosure interest, Oct 2026
Axis Bank EMI plans booked from 20 October 2026 get a pro-rated interest refund if closed before the payment due date. The 3% foreclosure charge, minimum Rs 300, stays.
- Air India and SBI Card to launch Visa co-brand credit card, Oct 2026
Air India and SBI Card announced a new Visa co-brand credit card for Maharaja Club members on 28 October 2026. Fees, earn rates and the launch date are not yet published.
- PNB credit cards add 1% fee on utility payments above Rs 50,000, Nov 2026
From 1 November 2026 utility payments above Rs 50,000 in a billing cycle carry a 1% charge, at most Rs 2,000 per transaction. It was nil before.
- PNB credit cards add Rs 99 fee per reward redemption, Nov 2026
From 1 November 2026 each reward redemption request on PNB Visa and RuPay credit cards costs Rs 99 plus GST. It was nil before.
- PNB credit cards raise returned payment fee to 2% of amount, Nov 2026
From 1 November 2026 a returned cheque or failed ECS or auto debit costs 2% of the payment amount with a minimum of Rs 400. Before, it was Rs 100 per instrument on Visa Classic and Gold, Rs 250 on Visa Platinum and Signature, and Rs 200 on the other variants.
- PNB credit cards reset late payment fee bands, Nov 2026
From 1 November 2026 late fee on Total Amount Due is nil up to Rs 500, Rs 500 up to Rs 1,000, Rs 750 up to Rs 10,000, Rs 1,000 up to Rs 50,000 and Rs 1,200 above. Before, it was nil up to Rs 1,000, then Rs 500, Rs 600 and Rs 750 above Rs 10,000.
- PNB credit cards raise cash advance fee to 2.5%, Nov 2026
From 1 November 2026 cash advance on PNB Visa and RuPay credit cards is 2.5% of the amount or Rs 400 at PNB ATMs, Rs 500 at other domestic ATMs and Rs 500 at overseas ATMs, whichever is higher. Before, it was 2% with minimums from Rs 100 to Rs 300 depending on the variant and ATM.
- Tata Neu HDFC cards: NeuCoins must be claimed in app from 25 Nov 2026
From 25 November 2026, NeuCoins earned on Tata Neu HDFC Bank credit cards stop landing automatically. The primary cardholder claims them in the Tata Neu app within 12 months.
- SBI Card adds 1% fee on big fuel and transport spends from 1 Dec 2026
From 1 December 2026, SBI Card charges 1% on fuel spends above Rs 50,000 in a billing cycle and on any single transport transaction above Rs 30,000.
- Paytm AU SFB card launches with family lounge visits, Oct 2026
AU Small Finance Bank and Paytm launched a lifetime-free RuPay card on 21 October 2026: up to 12 family lounge visits a year on round trips booked on Paytm, and 2% on eligible Paytm UPI.
- IDFC FIRST keeps reward points on international spends, Sep 2026
IDFC FIRST credit cards have zero forex markup from 9 September 2026 and still earn reward points on international spends. The bank dropped its planned 26 October cut in a later letter.
- Axis Priority Pass and hotel memberships need consent from 15 Nov 2026
From 15 November 2026, Axis Bank renews Priority Pass and hotel memberships on 9 premium cards only if the cardholder gives explicit consent.
- Amex India changes Membership Rewards and late fees from 15 Nov 2026
From 15 November 2026, Amex India keeps points separately per card, pauses points when a payment is overdue, ends the MRCC 50% fee waiver and bases late fees on the total due.
- MakeMyTrip ICICI card: zero forex, new myCash rules from Nov 2026
From 10 November 2026, the MakeMyTrip ICICI Bank Credit Card drops its forex markup and DCC fee, stops myCash on international spends outside MakeMyTrip, and gives new myCash a 24-month life.
- Eternal SBI Card launches October 2026 with Zomato, Blinkit discounts
SBI Card and Eternal have launched the Eternal SBI Card on RuPay and Mastercard: Rs 499 plus GST a year, 10% off on Zomato, District and Blinkit up to Rs 2,000 a month.
- Axis Bank movie offers need Rs 25,000 spend from 1 November 2026
From 1 November 2026, Axis Bank MY ZONE, PRIVILEGE, SELECT and NEO cardholders must spend Rs 25,000 in the previous 3 months to use the card's movie offer.
- SBI Card to add 1% fee on transport above Rs 30,000, Dec 2026
From 1 Dec 2026 SBI Card charges 1% of the transaction amount on every transportation transaction above Rs 30,000 (MCCs 4111, 4784, 4131).
- SBI Card to add 1% fuel fee above Rs 50,000 a cycle, Dec 2026
From 1 Dec 2026, if fuel transactions in a billing cycle exceed Rs 50,000, SBI Card charges 1% on the total fuel spends.
- American Express India pauses new supplementary cards from 27 Oct 2026
New supplementary Card applications are paused from 27 October 2026. Applications started earlier are processed until 3 November 2026.
- IDFC FIRST Bank cuts Ashva international rewards to 2X, Oct 2026
From 26 Oct 2026 Ashva earns 2X reward points on eligible international transactions. The Ashva page lists 5X on international spends before this date.
- AU and Paytm launch the lifetime free Paytm AU SFB RuPay card, Oct 2026
On 21 October 2026 AU announced the Paytm AU SFB Credit Card, a lifetime free RuPay card with up to 2% rewards on eligible Paytm UPI spends, 5% on Paytm Travel and Paytm Gold, and up to 12 family lounge visits a year.
- American Express Platinum Card ends free Ace by Times Prime, Oct 2026
The complimentary Ace by Times Prime Membership offer is withdrawn from 20 October 2026. Members already enrolled keep it until their current validity ends.
- Edge+ CSB card ties 50% shopping Jewels to Rs 15,000 cycle spend, Oct 2026
From 5 October 2026 the 50% Jewels on Shopping brands (Amazon, Flipkart, Myntra and others) need qualified spends above INR 15,000 in the statement cycle, else only 5%. The 5,000 Jewel cap per cycle on Jupiter Flights travel spends is listed as N/A in the updated table.
- HDFC Bank Marriott Bonvoy ties welcome night to fee levy for new cards, Oct 2026
Cardmembers onboarded up to 30 Sep 2026 get the Free Night Award and 10 Elite Night Credits after the first Rs 500 eligible spend or fee levy, whichever is earlier. Those onboarded from 1 Oct 2026 get both within 6 weeks after fee levy.
- Axis Bank narrows the Select Rs 3 lakh milestone spend count from October 2026
From 1 Oct 2026 spends in categories that earn no points (insurance, rent, fuel, education, utilities and telecom, wallet, gold/jewellery, government, gift card) stop counting towards the Rs 3 lakh milestone for 6 extra lounge visits and 6 golf rounds.
- AU CA and CS cards move to Rs 50,000 quarterly spend for lounges, Oct 2026
From 1 October 2026 the revised domestic lounge terms apply to the AU CA and AU CS cards: net retail spend of at least Rs 50,000 in a calendar quarter earns complimentary domestic lounge access in the next quarter.
- American Express Platinum Travel adds spend condition to lounge visits, Oct 2026
From 1 October 2026 the card gives 2 complimentary domestic lounge visits per calendar quarter after eligible spend in the preceding quarter: Rs 70,000 in Q3 2026 for Q4 visits, then Rs 1 lakh per quarter.
- American Express India ends Reward Multiplier on 30 Sep 2026
The Reward Multiplier program is discontinued from 30 September 2026. Accelerated Membership Rewards points continue on eligible e-voucher purchases through ShopWise.
- SIB OneCard stops reward points on bills and utilities, Sep 2026
From 15 September 2026 bills and utilities payments earn no reward points and do not count for 5X rewards.
- HDFC Bank BizBlack welcome benefit changes to All Accor+ Explorer, Sep 2026
For cards set up from 15 Sep 2026 the welcome benefit is All Accor+ Explorer Membership. Cards set up from 25 Oct 2025 to 14 Sep 2026 get Club Marriott Annual Membership plus a Taj Stay voucher worth Rs 5000. Both need Rs 1.5 lakh spend in the first 90 days.
- IDFC FIRST Bank introduces zero forex markup, Sep 2026
From 9 Sep 2026 all IDFC FIRST Bank credit cards carry zero forex markup on international transactions. The notice cites savings of up to 3.5%.
- BOBCARD sets Select joining and first-year fee to Rs 0 from September 2026
From 1 September 2026 the BOBCARD Select page states a joining and first-year fee of Rs 0. From the second year, Rs 750 annual fee waived from year two on Rs 70,000 spend in the preceding card anniversary year. The 17 July 2026 key fact statement lists a first-year fee of Rs 750.
- BOBCARD sets Premier joining and first-year fee to Rs 0 from September 2026
From 1 September 2026 the BOBCARD Premier page states a joining and first-year fee of Rs 0. From the second year, Rs 1,000 annual fee waived from year two on Rs 1,20,000 spend in the preceding card anniversary year. The 17 July 2026 key fact statement lists a first-year fee of Rs 1,000.
- BOBCARD sets Eterna joining and first-year fee to Rs 0 from September 2026
From 1 September 2026 the BOBCARD Eterna page states a joining and first-year fee of Rs 0. From the second year, Rs 2,499 annual fee waived from year two on Rs 2,50,000 spend in the preceding card anniversary year. The 17 July 2026 key fact statement lists a first-year fee of Rs 2,499.
- Axis Bank stops rewards on bridge fees, road fees and tolls, August 2026
From 28 Aug 2026 spends on bridge fees, road fees and tolls earn no rewards or cashback on these Axis Bank cards. Gift card purchases move to their own spend category and still earn nothing.
- Axis Bank ends Priority Pass use at Indian domestic lounges, August 2026
From 28 Aug 2026 the Priority Pass card is not valid for domestic airport lounges in India. Holders present the Axis card itself. Priority Pass stays valid at international lounges.
- Axis Bank sets a Rs 1,300 late fee on dues of Rs 50,000 and above, August 2026
From 28 Aug 2026 the late payment fee is INR 1,300 for outstanding balances of INR 50,000 and above. Below INR 50,000 the fee is unchanged.
- Axis Bank raises the Magnus foreign currency markup from 1.5% to 2%, August 2026
From 28 Aug 2026 the dynamic currency conversion markup on the MAGNUS and MAGNUS for BURGUNDY cards rises to 2% from 1.5%.
- Axis Bank raises the foreign currency markup from 1.5% to 3.5%, August 2026
From 28 Aug 2026 the dynamic currency conversion markup rises to 3.5% from 1.5% on these Axis Bank cards.
- BOBCARD ends air and non-air accidental death cover on three cards, Aug 2026
The air and non-air accidental death cover is not available on Eterna, Premier and Select cards issued after 15 July 2026, and is discontinued for all cardholders effective 25 August 2026.
- Axis Bank raises the Horizon markup to 3.5% and large late fee to Rs 1,300
From 21 Aug 2026 the HORIZON dynamic currency conversion markup rises from 1.5% to 3.5%. For outstanding balances of INR 50,000 and above the late payment fee is INR 1,300.
- Axis Bank sets Atlas foreign currency markup at 3.5% from August 2026
The Axis Atlas product page lists the dynamic currency conversion markup as 3.5% on Indian-rupee transactions abroad, revised with effect from 21 Aug 2026.
- CSB OneCard stops reward points on bills and utilities, Aug 2026
From 12 August 2026 bills and utilities payments earn no reward points and do not count for 5X rewards.
- BOBCARD raises Eterna lounge spend gate from Rs 40,000 to Rs 75,000, Jul 2026
From 15 July 2026 unlimited domestic lounge access on Eterna needs Rs 75,000 of spend in the preceding calendar quarter, up from Rs 40,000.
- BOBCARD raises Eterna finance charge from 3.25% to 3.75% a month, Jul 2026
From 15 July 2026 the Eterna finance charge is 3.75% per month (45% per annum), up from 3.25% per month (39% per annum).
- ICICI Bank ends lounge spend exemption on Adani One Signature and MakeMyTrip, Jul 2026
The exemption from the Rs 75,000 quarterly spend condition for domestic lounge access ran till 30 Jun 2026. From 1 Jul 2026 both cards need that spend in a calendar quarter to unlock lounges in the next one.
- HDFC Bank Diners Club Privilege ties lounge access to Rs 60,000 quarterly spend, Jul 2026
From the calendar quarter starting 1 Jul 2026, 2 domestic and 1 international lounge visits per quarter are available as vouchers on spends of Rs 60,000 or more in the preceding quarter.
- HDFC Regalia Gold ties domestic lounge visits to Rs 60,000 quarterly spend, Jul 2026
From the quarter starting 1 July 2026, 3 domestic lounge visits per calendar quarter need spends of Rs 60,000 or more in the preceding calendar quarter. 6 international Priority Pass visits a year continue.
- HDFC Infinia caps SmartBuy brand voucher points at 3,000 a month, Jul 2026
From 1 July 2026, SmartBuy brand vouchers bought through GyFTR or Woohoo earn a maximum of 3,000 accelerated Reward Points per calendar month. The limit sits inside Infinia's unchanged 15,000 monthly accelerated-points SmartBuy cap.
- Axis Bank offers Magnus free for life to Burgundy Salary customers, July 2026
Customers onboarded under the Burgundy Salary segment on or after 1 Jul 2026 can get the MAGNUS card with nil joining and annual fee, without the usual welcome benefits. Otherwise the fee is Rs 12,500 + taxes.
- Axis Bank waives the Horizon fee for new Burgundy Savings customers, July 2026
The Horizon product page lists the joining and annual fee as 3,000, nil for customers with a Burgundy Savings Account opened on or after 1 Jul 2026.
- AU Bank changes fuel fair usage charge to 1% on all fuel spend, Jul 2026
From 1 July 2026 there is no charge if each fuel transaction is under Rs 10,000 and monthly fuel spend is under Rs 25,000. Above either limit, AU charges 1% on the entire monthly fuel spend.
- Utkarsh raises the finance charge on superCard and Wish to 3.5% a month from Jun 2026
From 21 June 2026 the interest on unpaid dues (not cash advances) rises from 3% a month (36% a year) to 3.5% a month (42% a year). The same revision is in the Wish Credit Card MITC.
- Utkarsh adds a Rs 100 account maintenance charge on superCard and Wish from Jun 2026
From 21 June 2026 an Account Maintenance Charge of Rs 100 plus taxes applies for year 1. It is waived in all cases except a customer-initiated closure within 12 months of card issuance. The same charge is in the Wish Credit Card MITC.
- IDFC FIRST Bank makes reward points expire after 24 months, Jun 2026
Reward points earned from the July 2026 statement cycle are valid for 24 months from the credit date. The existing balance as of the July 2026 statement cycle stays redeemable until July 2028. Earlier notices on these cards described points as never expiring.
- IDFC FIRST Bank ties movie offer to Rs 20,000 prior-month spend, Jun 2026
From 18 Jun 2026 the buy one get one movie offer on Wealth, Select and Ashva needs Rs 20,000 or more spent in the previous calendar month. For August 2026 the qualifying month is July 2026.
- IDFC FIRST Bank caps rewards at credit limit per cycle, Jun 2026
From 18 Jun 2026 reward points are earned on spends up to the credit limit per billing cycle. Spends above that earn no points.
- IDFC FIRST Bank pays 10X from first dining and travel spend, Jun 2026
From 18 Jun 2026 dining, travel and international purchases earn 10X from the first eligible transaction, with no Rs 20,000 minimum spend. All other categories earn 3X; insurance, utilities, railways and FASTag earn 1X.
- Yes Bank narrows the fuel surcharge waiver band on Marquee and Reserv, June 2026
From 15 June 2026 the 1% fuel surcharge waiver covers transactions of Rs 500 to Rs 5,000 on Marquee and Rs 500 to Rs 4,000 on Reserv. Before that date the band was Rs 400 to Rs 5,000.
- Yes Bank raises cash advance minimum fee from Rs 500 to Rs 650, June 2026
From 15 June 2026 cash withdrawals carry a fee of 2.5% or Rs 650, whichever is higher. Before that date the fee was 2.5% or Rs 500.
- Yes Bank raises plastic card reissue fee from Rs 100 to Rs 199, June 2026
From 15 June 2026 a lost, stolen or damaged plastic card costs Rs 199 per reissue. The February 2026 edition listed Rs 100 plus GST for these cards.
- Yes Bank raises branch cash deposit fee to Rs 500 and adds cheque fee, June 2026
From 15 June 2026 depositing Rs 1,000 or more in cash at a Yes Bank branch towards card repayment costs Rs 500 plus GST, up from Rs 100 plus GST. Cheque deposits of Rs 1,000 or more at branches cost Rs 250 plus GST.
- Yes Bank raises auto debit failure charge to 2.5% or Rs 500, June 2026
From 15 June 2026 an auto debit failure or return costs 2.5% or Rs 500, whichever is higher, capped at Rs 5,000 per customer per statement. The earlier charge was 2% or Rs 450, capped at Rs 1500 per statement.
- IndusInd Bank adds 1% fee on transport spends above Rs 40,000, Jun 2026
From 15 Jun 2026 a 1% fee plus GST applies to cumulative transport transactions (MCCs 4111, 4112, 4784, 4131) above Rs 40,000 in a statement cycle.
- IndusInd Legend lowers fuel fee threshold to Rs 30,000, Jun 2026
From 15 Jun 2026 a 1% fee plus GST applies on cumulative fuel transactions above Rs 30,000 in a statement cycle on Legend. The threshold was Rs 50,000 until 14 Jun 2026. EazyDiner Signature stays at Rs 50,000.
- IndusInd Legend raises dynamic currency conversion fee to 2%, Jun 2026
From 15 Jun 2026 the dynamic currency conversion fee on Legend is 2% plus GST, up from a 1% mark-up fee. EazyDiner Signature stays at 1% plus GST. Figures are from the Schedule of Charges.
- IndusInd Bank revises late payment charge slabs, Jun 2026
From 15 Jun 2026 slabs by outstanding balance are Rs 100 for Rs 101 to Rs 500, Rs 500 for Rs 501 to Rs 1,000, Rs 600 for Rs 1,001 to Rs 5,000, Rs 750 for Rs 5,001 to Rs 10,000, Rs 900 for Rs 10,001 to Rs 25,000, Rs 1,100 for Rs 25,001 to Rs 50,000 and Rs 1,300 above Rs 50,000. The earlier slab for Rs 501 to Rs 1,000 was Rs 350 and for Rs 1,001 to Rs 10,000 was Rs 550. Figures are from the Schedule of Charges.
- AU Bank adds 1% charge on transport spends above limits, Jun 2026
From 14 June 2026 AU charges 1% on the entire monthly transportation spend (MCC 4111, 4112, 4784) when it exceeds 50% of the credit limit or Rs 25,000, whichever is lower. IRCTC, some travel partners and ixigo AU cards are excluded.
- Yes Bank brings back the overlimit facility at Rs 550 a transaction, June 2026
From 1 June 2026 Yes Bank reintroduces the overlimit facility. A standard overlimit charge of Rs 550 plus GST applies to any transaction that exceeds the assigned credit limit, subject to eligibility.
- PhonePe SBI Card Select Black cuts reward caps and adds exclusions, Jul 2026
Monthly cap on eligible PhonePe spends falls from 2,000 RPs to 500 RPs on insurance plus 1,500 RPs on other spends. Cap on eligible online spends falls from 2,000 to 1,000 RPs. Tolls, gifts, jewellery, education, and non-PhonePe-app utility, insurance and UPI spends stop earning.
- Utkarsh cuts cash advance interest on superCard and Wish to 2.5% a month from May 2026
From 21 May 2026 cash advance interest for ATM withdrawals and transfers to a bank account falls from 3% a month (36% a year) to 2.5% a month (30% a year). The same revision is in the Wish Credit Card MITC.
- HDFC Bank PIXEL Play raises card re-issue fee from Rs 100 to Rs 199, May 2026
The fee to re-issue the physical card, for example to change the design, is Rs 100 plus GST up to 19 May 2026 and Rs 199 plus GST from 20 May 2026.
- HDFC Bank PIXEL Go and Play set 1.75% markup on rupee spends abroad, May 2026
From 20 May 2026 a markup fee of 1.75% applies to transactions in Indian currency at an international location or at merchants in India registered overseas.
- HDFC Bank MoneyBack and Freedom move reward accrual to Rs 200, May 2026
From 15 May 2026 Reward Points accrue on spends in multiples of Rs 200 instead of Rs 150. The base rate is 2 points per Rs 200 on Moneyback and Money Back Plus and 1 point per Rs 200 on Freedom.
- HDFC Bank MoneyBack and Freedom set card re-issue fee at Rs 199, May 2026
From 15 May 2026 the re-issuance fee for a lost, stolen or damaged card is Rs 199 for non-metal variants and Rs 3,500 for metal variants.
- HDFC Bank Diners Club Privilege earns 4 points per Rs 200, May 2026
From 15 May 2026 Diners Club Privilege earns 4 Reward Points for every Rs 200 spent on eligible categories.
- HDFC Bank Diners Club Privilege sets card re-issue fee at Rs 199, May 2026
From 15 May 2026 the re-issuance fee for a lost, stolen or damaged Diners Club Privilege card is Rs 199.
- HDFC Regalia Gold earns 5 points per Rs 200 from May 2026
Regalia Gold earns 5 Reward Points for every Rs 200 spent on eligible categories from 15 May 2026.
- HDFC Regalia Gold adds Boarding Edge travel benefits, May 2026
Cardholders pick 2 benefits every calendar quarter by uploading a boarding pass on SmartBuy: spa access, Uber airport transfers, hotel dining or hotel room upgrades.
- HDFC Bank adds 1.75% markup on INR spends at overseas merchants, May 2026
From 15 May 2026, a markup fee of 1.75% applies on all transactions in Indian currency at an international location, or at merchants located in India but registered overseas.
- J&K Bank sets new annual fees on Eminent and Platinum cards from 1 May 2026
From 1 May 2026 Eminent carries an annual fee of INR 1,500, waived on annual spends of INR 3,00,000, and Platinum INR 500, waived on INR 1,00,000. Platinum Privilege stays free.
- Swiggy HDFC card needs Rs 249 minimum for 10% cashback from Apr 2026
From 21 April 2026, a transaction must be at least Rs 249 to earn 10% cashback on Swiggy app spends. The 5% and 1% tiers keep a Rs 100 minimum.
- Swiggy HDFC card posts cashback daily and settles it on the statement date, Apr 2026
From 18 April 2026 cashback is posted on a day-to-day basis and settled under the card account on the statement date, instead of being posted once on the statement date.
- Swiggy HDFC card earns 5% cashback on Cleartrip from Apr 2026
Transactions on Cleartrip earn 5% cashback for statements starting 17 April 2026, based on merchant name.
- ixigo AU domestic lounge access needs Rs 50,000 quarterly spend, Apr 2026
From 13 April 2026 ixigo AU cardholders get 2 complimentary domestic airport lounge visits in a quarter only after net retail spend of Rs 50,000 or more in the previous calendar quarter. Add-on cardholders are not eligible.
- Axis Bank swaps Airtel card Swiggy cashback for Zomato and Blinkit, April 2026
From 12 Apr 2026 the 10% cashback on Swiggy, Zomato and BigBasket becomes 10% value back on Zomato, Blinkit and District Movies, up to INR 200 a month per partner on orders of INR 499 or more.
- Axis Bank ends Airtel card lounge access from April 2026
From 12 Apr 2026 the 4 complimentary domestic lounge visits on the AIRTEL AXIS BANK card are discontinued.
- Axis Bank ties Airtel card cashback caps to base cashback from April 2026
From 12 Apr 2026 cashback on 25% Airtel spends is capped at twice the base cashback earned in the statement month, and on 10% Airtel spends at the base cashback, instead of INR 250.
- AU sets Rs 50,000 quarterly spend for domestic lounges, Apr 2026
From 10 April 2026 a cardholder needs net retail spend of at least Rs 50,000 in a calendar quarter to get complimentary domestic lounge access in the next quarter. Only primary cardholders qualify.
- Yes Bank lifts Marquee and Reserv utility fee threshold to Rs 50,000, April 2026
From 1 April 2026 the 1% utility fee on Marquee and Reserv applies only when utility spend in the previous calendar month exceeds Rs 50,000, up from Rs 25,000. The fee is capped at Rs 5000 per transaction.
- Yes Bank lifts Marquee and Reserv toll fee threshold to Rs 75,000, April 2026
From 1 April 2026 the monthly Tolls/Bridges spend threshold for the 1% transportation fee on Marquee and Reserv is Rs 75,000, up from Rs 50,000. The fee also applies to any single transaction above Rs 10,000.
- SBI Card limits statement credit to multiples of 4,000 points, Apr 2026
From 1 Apr 2026 Reward Points for Statement Credit can be redeemed only in multiples of 4,000 Points, on all eligible cards except the two PhonePe cards.
- SBI Card caps statement credit redemption at 60,000 points, Apr 2026
From 1 Apr 2026 redemption of Reward Points for Statement Credit is capped at 60,000 Points per month on all eligible cards except Air India SBI Signature and the two PhonePe cards.
- Kotak White drops education and transport from White Pass spends, Apr 2026
From 1 Apr 2026 education and transportation categories are excluded from the milestone spends that earn White Pass on the Kotak White Credit Card.
- Kotak White ties lounge access to Rs 1,00,000 quarterly spend, Apr 2026
From 1 Apr 2026 two complimentary airport lounge visits in a calendar quarter need spends of Rs 1,00,000 or more in the previous calendar quarter. Jan to Mar 2026 spends unlock the Apr to Jun 2026 quarter.
- J&K Bank adds welcome vouchers on new credit cards from 1 April 2026
Newly issued cards get a welcome gift voucher on the first eligible transaction from 1 April 2026: INR 500 on Eminent and INR 250 on Platinum Privilege and Platinum.
- J&K Bank revises credit card reward structure from 1 April 2026
From 1 April 2026 Eminent earns 1 Reward Point per INR 100 and 3 points on online travel, apparel, dining and electronics; Platinum earns 2 points per INR 100 on online, department store, pharmacy and utility spends; Platinum Privilege earns 2 points on monthly spends beyond INR 15,000. No points on insurance, education, rent, wallet, fuel, cash and select transport and toll transactions.
- J&K Bank starts quarterly spend milestone vouchers from 1 April 2026
Quarterly milestones are counted from 1 April 2026 for existing and new cards: Eminent gets a INR 750 voucher on quarterly spends above INR 1,50,000, Platinum a INR 500 voucher above INR 75,000, and Platinum Privilege INR 100 to INR 350 vouchers on quarterly spends from INR 30,000.
- IDFC FIRST Bank sets Wealth and Select lounge quota from April 2026
From 1 Apr 2026 Select includes 1 domestic airport lounge visit per quarter. Wealth includes 1 domestic lounge visit, 1 international lounge visit and 1 golf access per quarter. Spending Rs 20,000 in the current month unlocks the benefit for the next month.
- ICICI Bank ties BookMyShow benefit to Rs 25,000 quarterly spend, Apr 2026
From 1 Apr 2026 the BookMyShow benefit on these cards needs Rs 25,000 of spend in the previous spends quarter. Spends from 26 Dec 2025 to 25 Mar 2026 unlock April to June 2026.
- HDFC Infinia ties continued access to Rs 18 lakh spend or Rs 50 lakh balances, Apr 2026
From 1 April 2026, continued access to the Infinia programme depends on Rs 18 lakh card spends (primary plus add-ons) in a financial year, or relationship value of Rs 50 lakh. Cardholders who miss it are offered the next best card variant.
- BOBCARD starts core reward points on telecom spends from April 2026
From 1 April 2026 telecom spends (MCC 4814) earn core reward points on all BOBCARD variants. The notice lists the core rate as 3 points per Rs 100 on Eterna, 2 on Premier and 1 on Select.
- BOBCARD adds 1% fees on education apps, tolls and rail bookings, Apr 2026
From 1 April 2026 a 1% fee (maximum Rs 5000 per transaction) applies to online education fee payments through third party apps. A flat 1% fee applies to toll and bus transactions (MCC 4784) of Rs 5000 or more, and 1% (maximum Rs 5000) to railway bookings of Rs 30,000 or higher.
- Axis Bank swaps MY ZONE Sony LIV renewal for 1,000 points, April 2026
From 1 Apr 2026 the Sony LIV renewal on Rs 1,50,000 annual spend ends. The card instead earns 1,000 EDGE Reward Points on Rs 1.5 lakh annual spends.
- BPCL SBI Card raises annual fee waiver spend to Rs 1 lakh from May 2026
The Rs 499 annual fee is reversed at annual spends of Rs 1 lakh, up from Rs 50,000.
- SBI Card revises late payment charges from May 2026
From 1 May 2026 no charge applies up to Rs 100 due (was up to Rs 500). Rs 100 applies above Rs 100 up to Rs 500, and Rs 500 above Rs 500 up to Rs 1,000 (was Rs 400). Higher slabs are unchanged.
- J&K Bank adds lounge and lifestyle benefits on revamped credit cards from 12 March 2026
Travel, lifestyle and entertainment benefits apply from 12 March 2026: Eminent gets 2 domestic lounge visits per quarter and 1 international visit per half-year, Platinum Privilege 1 domestic visit per quarter, and Platinum 2 domestic visits per year (1 per half-year).
- SBI Cashback card excludes gaming, tolls and government, Apr 2026
From 1 Apr 2026 the CASHBACK SBI Card earns no cashback on Digital Gaming Platforms/Merchants (MCCs 7993, 7994, 5816), Tolls (4784) and Government related transactions (9222, 9311, 9402).
- SBI Cashback card caps cashback at Rs 4,000 a cycle, Apr 2026
From 1 Apr 2026 cashback is capped per statement cycle: 5% online up to Rs 2,000 and 1% offline up to Rs 2,000, Rs 4,000 in total.
- Federal Bank Scapia card stops rewards on insurance, utility and telecom, Feb 2026
From 27 February 2026 the Scapia Federal card earns no rewards on insurance, utility, telecom and cable spends. The agreement already barred rewards on fuel, rent and several other categories.
- Federal Bank Scapia card sets domestic lounge spend gate at Rs 20,000, Feb 2026
For statements generated on or after 27 February, domestic lounge access on the Scapia Federal card unlocks at Rs 20,000 total monthly spend per user, counted across Visa and RuPay. The same document lists Rs 10,000 on Visa or Rs 15,000 on RuPay in a billing cycle as the earlier gate.
- SIB OneCard sets 2% fee on rent and wallet transfers from Feb 2026
From 1 February 2026 rent payments on third-party apps carry a 2% transaction fee over the app's own convenience fee. Monthly transfers to wallets or bank accounts above Rs 10,000 carry a 2% fee on the full amount. The MITC does not state the earlier rate.
- ICICI Bank caps transportation rewards per statement cycle, Feb 2026
From 1 Feb 2026 rewards on transportation transactions are capped per statement cycle at Rs 20,000 on Sapphiro, Rubyx and Emeralde, and at Rs 10,000 on Coral, HPCL and Manchester United cards.
- American Express India launches ShopWise bonus points, Feb 2026
ShopWise, an e-voucher platform, launched on 1 February 2026 and credits Bonus Membership Rewards points on eligible purchases. Bonus points are capped at 25,000 per month.
- IDFC FIRST Bank raises rewards base to Rs 200 per point, Jan 2026
From 18 Jan 2026 the earning base moves from Rs 150 to Rs 200 per reward point. 10X is 10 points per Rs 200 and 3X is 3 points per Rs 200.
- IDFC FIRST Bank withholds rewards if minimum due missed, Jan 2026
From 18 Jan 2026 a cycle earns no reward points if the Minimum Amount Due is not paid by the due date. Points already credited for that cycle are reversed.
- IDFC FIRST Bank limits FASTag and railway rewards, Jan 2026
From 18 Jan 2026 FASTag recharges and railway spends earn 1X (1 point per Rs 200). A 1% fee applies on FASTag recharges above Rs 10,000 in a billing cycle and on railway spends above Rs 25,000 in a billing cycle.
- ICICI Bank adds fees on wallet loads, gaming and transport, Jan 2026
From 15 Jan 2026 ICICI Bank charges 1% on wallet loads of Rs 5,000 or more, 2% on skill-based gaming and 1% on transportation transactions above Rs 50,000.
- Emirates Skywards ICICI Emeralde cuts earn to 2 miles per Rs 100, Jan 2026
From 15 Jan 2026 the card earns 2 Skywards Miles per Rs 100 instead of 2.5. No miles accrue on insurance, utility, government and education payments.
- ICICI Emeralde Private Metal adds Rs 3,500 fee on supplementary cards, Jan 2026
From 15 Jan 2026 each supplementary card on the Emeralde Private Metal costs a one-time fee of Rs 3,500 plus GST.
- ICICI Bank raises Dynamic Currency Conversion fee, Jan 2026
From 15 Jan 2026 statements the DCC fee on rupee transactions abroad is 3.50% on most cards, up from 1%. It is 2.00% on Emeralde Private Metal and Emeralde, 1.99% on Amazon Pay and 1.49% on Times Black.
- SBI Card revises domestic lounge list for Prime, Miles Prime, Jan 2026
SBI Card Prime and Miles Prime are in lounge Set B, with a revised list of 30 participating domestic lounges from 10 Jan 2026. The PDF does not state the number of visits.
- RBL Bank adds 1% fee on FASTag loading and toll payments above Rs 10,000, Jan 2026
From 7 January 2026 RBL Bank charges a 1% fee on FASTag loading and toll payment transactions above Rs 10,000 per transaction per card (MCC 4784, 4111 and 4131). The RBL MITC lists this as a card charge for its credit cards.
- IndusInd Bank ends air accident insurance cover, Dec 2025
The air accident insurance coverage feature on IndusInd credit cards was discontinued from 21 Dec 2025.
- HDFC 6E Rewards XL card discontinued, features end Dec 2025
The Indigo HDFC Bank 6E Rewards and 6E Rewards XL cards are discontinued and not accepting new applications. All product features and benefits ended on 1 December 2025 and existing holders were migrated to another HDFC Bank card.
- CSB OneCard raises rent and wallet transfer fees from 1% to 2%, Dec 2025
From 1 December 2025 rent payments on third-party apps carry a 2% transaction fee, up from 1% until 30 November 2025. Monthly transfers to wallets or bank accounts above Rs 10,000 also move from a 1% to a 2% fee, charged on the full amount.
- Equitas Selfe ties its two chosen memberships to fees or spend milestones from Nov 2025
From 24 November 2025 the memberships on the Selfe card apply on payment of the joining or annual fee or on spend milestones of Rs 60,000 in the first 3 months for year 1 and Rs 2,40,000 a year from year 2. The previous MITC sent the membership voucher code after card approval.
- Equitas PowerMiles ties its luxury memberships to fees or spend milestones from Nov 2025
From 24 November 2025 the complimentary luxury memberships on PowerMiles apply on payment of the joining or annual fee or on spend milestones of Rs 1,20,000 in the first 3 months for year 1 and Rs 4,80,000 a year from year 2. The previous MITC sent the membership voucher code after card approval.
- HDFC Tata Neu Plus ends NeuCoins on monthly EMI billing, Nov 2025
From 17 November 2025, NeuCoins are no longer given on the monthly billing of EMI principal. For loans opened from 17 September 2025, NeuCoins on eligible merchant category codes are credited on settlement of the purchase.
- HDFC Tata Neu Infinity ends NeuCoins on monthly EMI billing, Nov 2025
From 17 November 2025, NeuCoins are no longer given on the monthly billing of EMI principal. For loans opened from 17 September 2025, NeuCoins on eligible merchant category codes are credited on settlement of the purchase.
- AU NOMO cash withdrawal limit set at 50% of card limit, Nov 2025
From 7 November 2025 the NOMO cash withdrawal limit is 50% of the card limit. The January 2025 MITC listed it at 70% of the card limit.
- HDFC Bank MoneyBack+ sets cashback redemption value at 20 paise a point, Nov 2025
From 1 Nov 2025 the value of cashback redemption against the statement balance is 20 paise per point for Money Back Plus.
- HDFC Regalia and Regalia Gold set statement-credit redemption at 15 paise a point, Nov 2025
From 1 November 2025, redeeming Reward Points as cashback against the statement balance is valued at 15 paise per point on Regalia and Regalia Gold.
- HDFC 6E Rewards program phased out from Nov 2025
The 6E Rewards program was phased out from 1 November 2025. Unused 6E Rewards were auto-converted to IndiGo BluChip at 1:1 on that date.
- HDFC Bank PIXEL Go and Play cap insurance points, end gaming points, Oct 2025
From 1 Oct 2025 CashPoints and Reward Points on insurance transactions are capped at 2,000 per month and online skill based gaming earns no CashPoints or Reward Points.
- HDFC Bank PIXEL Go and Play finance charge set at 3.75% a month, Oct 2025
The finance charge on revolving credit and cash advances is 3.75% a month, 45% a year, excluding GST, marked as a new change effective 1 Oct 2025.
- HDFC Bank PIXEL Go and Play add 1% fees on rent, fuel, utility, wallet, gaming, Oct 2025
From 1 Oct 2025 a 1% fee applies to rent, to fuel above Rs 15,000, to utility above Rs 50,000 a month, to education paid through third party apps, and to wallet loading and online skill gaming above Rs 10,000 a month. Caps are Rs 4,999 per transaction or per month.
- HDFC Bank IRCTC card moves Rs 500 voucher milestone to calendar quarters, Oct 2025
Cards issued before 1 Oct 2025 got a Rs 500 voucher every 90 days from issuance on Rs 30,000 spends. Cards issued from 1 Oct 2025 get it every calendar quarter on Rs 30,000, and all customers move to the calendar quarter from 1 Jan 2026.
- HDFC Bank IRCTC card adds Rs 500 welcome voucher on lifetime free cards, Oct 2025
Lifetime free IRCTC cards issued from 1 Oct 2025 to 31 Dec 2025 get a Rs 500 welcome gift voucher on activation, with one transaction in the first 37 days. Cards issued up to 30 Sep 2025 get no welcome benefit on lifetime free or first year free cards.
- Swiggy BLCK HDFC card adds 1% fuel fee above Rs 15,000, Oct 2025
From 1 October 2025, a 1% fee applies on fuel transactions above Rs 15,000. The fee is capped at Rs 4,999 per transaction.
- Swiggy BLCK HDFC card adds 1% fee on third-party education payments, Oct 2025
From 1 October 2025, a 1% fee applies on education payments made through third-party apps like CRED, Nobroker and Cheq, capped at Rs 4,999 per transaction. Direct school or college payments and international education payments are not charged.
- City Union Bank adds 1% fees on wallet loads, fuel, utility and gaming spends from 1 Oct 2025
From 1 October 2025 the CSK and SRH cards charge 1% on wallet loads, and 1% once cumulative spends per statement cycle reach INR 50,000 on fuel, INR 25,000 on utilities or INR 10,000 on online skill-based gaming.
- Axis Bank ends Reserve offers on Oberoi hotels from October 2025
The Reserve product page states that offers on Oberoi hotels and resorts are discontinued with effect from 1 Oct 2025.
- Axis Bank can forfeit unredeemed EDGE points 30 days after card closure, Oct 2025
From 1 Oct 2025 Axis Bank reserves the right to forfeit unredeemed EDGE Reward Points and EDGE Miles 30 days after card closure, or when the minimum amount due is outstanding for more than 90 days.
- SBI Card adds 1% fee on wallet loads above Rs 1,000, Nov 2025
From 1 Nov 2025 SBI Card charges 1% of the transaction amount on every wallet load transaction above Rs 1,000.
- SBI Card adds 1% fee on education payments via apps, Nov 2025
From 1 Nov 2025 a 1% fee applies to education payments made through third-party apps. Payments made directly to colleges or schools through their websites or POS machines carry no fee.
- Union Bank raises credit card interest to 3.00% a month, Sept 2025
Union Bank's credit card MITC Version 1.4, effective from 25 September 2025, charges service charges of 3.00% a month (36% a year) whether or not the minimum payment due is paid by the due date. The MITC effective 2 December 2024 charged 2.50% a month (30% a year) when the minimum was paid and 2.95% a month (35.4% a year) when it was not.
- Union Bank raises minimum cash withdrawal fee to Rs 500, Sept 2025
Union Bank's credit card MITC Version 1.4, effective from 25 September 2025, sets the cash withdrawal fee at 3% of the cash advance or a minimum of Rs 500 at both own bank and other bank ATMs. The MITC effective 2 December 2024 had minimums of Rs 200 at own bank ATMs and Rs 250 at other bank ATMs.
- SBI Card adds Rs 200 cheque processing fee from Sep 2025
From 15 Sep 2025 a Cheque Processing Fee of Rs 200 applies to outstanding payments made by cheque. Payments by UPI, BBPS and NEFT stay free of extra charges.
- IDFC FIRST Bank sets Ashva joining fee benefit of up to 7,500 points, Sep 2025
For Ashva cards generated on and after 1 Sep 2025 the joining fee payment benefit is up to 7,500 reward points, in three milestones of 2,500 points each.
- Unity Bank BharatPe card earns 2% on all bill-period spend slabs from Aug 2025
From 14 August 2025 the rewards table shows one 2% rate across all Bill Period Unpaid Spends slabs. Until 13 August 2025 the rate was 0% on Rs 1 to Rs 999, 1% on Rs 1,000 to Rs 9,999 and 2% on Rs 10,000 and above. Rewards are Zillion Coins (4 Zillion Coins = Rs 1).
- Unity Bank BharatPe card lets spends from Rs 1,000 go to up to 12 EMIs from Aug 2025
From 14 August 2025 bill period unpaid spends of Rs 1,000 and above convert to up to 12 EMIs as opted by the cardholder, at 24% APR on reducing balance. Until 13 August 2025 spends of Rs 1,000 to Rs 9,999 converted to 3 EMIs and only Rs 10,000 and above could go up to 12 EMIs.
- Utkarsh superCard links the physical card fee to a Rs 10,000 FD from Aug 2025
From 11 August 2025 the physical card fee is nil with a fixed deposit of Rs 10,000 or more (Rs 249 plus taxes if the FD falls below that or the account closes within 12 months), Rs 99 plus taxes with an FD of Rs 5,000 to below Rs 10,000 (plus Rs 150 on breach), and Rs 249 plus taxes otherwise. Cards issued from 7 March 2025 to 11 August 2025 were charged Rs 249 only when the FD was below Rs 2,000.
- Utkarsh superCard moves to 1% cashback on all spends from Aug 2025
From 11 August 2025 superCard earns 1% cashback on UPI and non-UPI spends, capped at Rs 500 a month on UPI (via the super.money app) and Rs 10,000 a month on non-UPI, on transactions of Rs 100 or more. Before that it earned 0.5% on non-UPI spends capped at Rs 200 per statement cycle and up to 5% on UPI spends.
- IRCTC SBI Card Premier drops air and rail accident cover, Jul 2025
From 26 Jul 2025 the complimentary Rs 50 lakh air accident cover and Rs 10 lakh rail accident cover on IRCTC SBI Card Premier are discontinued.
- ICICI Bank ends the Emeralde monthly membership plan, Jul 2025
ICICI Bank stopped issuing the Emeralde Credit Card with a monthly membership plan from 24 Jul 2025. The same line covers the Emeralde Private Credit Card.
- SBI Card ends free air accident cover on five cards, Jul 2025
From 15 Jul 2025 SBI Card discontinues the complimentary Air Accident insurance: Rs 1 crore on Elite, Miles Elite and Miles Prime; Rs 50 lakhs on Prime and Pulse.
- IndusInd EazyDiner Signature revises reward points, Jul 2025
From 15 Jul 2025 hotel and travel spends earn 10 reward points per Rs 100, up from 4. One reward point is valued at Rs 0.10. Dining spends no longer earn reward points.
- IndusInd EazyDiner Signature ends lounge access and movie offer, Jul 2025
From 15 Jul 2025 complimentary domestic lounge access and movie tickets through BookMyShow are discontinued.
- IndusInd EazyDiner Signature caps dining discount at Rs 2,000, Jul 2025
From 15 Jul 2025 the dining discount stays at 25% up to Rs 1,000 per transaction. It is capped at Rs 2,000 per calendar month without a spend condition, and unlocks a further Rs 3,000 with Rs 30,000 of non-dining spends in the previous month. The total cap is Rs 5,000 per calendar month.
- RBL Bank ties World Safari domestic lounge visits to Rs 35,000 spend, July 2025
From 1 July 2025 the 2 complimentary domestic lounge visits per quarter on the World Safari card need Rs 35,000 or more of spend in the previous calendar quarter. Below that spend, there is no domestic lounge access in the next quarter.
- HDFC Bank IRCTC card raises fee cap to Rs 4,999, utility on monthly basis, Jul 2025
From 1 Jul 2025 the maximum 1% charge on rent, fuel, education and utility rises from Rs 3,000 to Rs 4,999. Utility is charged at 1% on cumulative monthly spends above Rs 50,000 instead of per transaction.
- HDFC Bank BizBlack adds gaming, wallet, utility fees, caps insurance points, Jul 2025
From 1 Jul 2025 a 1% charge applies to online skill gaming and wallet loading above Rs 10,000 a month and to utility above Rs 75,000 a month, each capped at Rs 4,999 a month. Gaming earns no points and insurance Reward Points are capped at 5,000 a month.
- HDFC Bank adds 1% fee on wallet loads and gaming above Rs 10,000, Jul 2025
A 1% fee applies on wallet loading (excluding PayZapp) and on online skill-based gaming spends above Rs 10,000 in a calendar month. Each fee is capped at Rs 4,999 per month.
- HDFC Tata Neu Plus stops NeuCoins on online skill-based gaming, Jul 2025
Online skill-based gaming transactions (MCC 5816) no longer earn NeuCoins from 1 July 2025.
- HDFC Tata Neu Infinity stops NeuCoins on online skill-based gaming, Jul 2025
Online skill-based gaming transactions (MCC 5816) no longer earn NeuCoins from 1 July 2025.
- HDFC Bank stops rewards on online skill-based gaming from Jul 2025
Online skill-based gaming transactions no longer earn Reward Points or CashPoints on any HDFC Bank credit card from 1 July 2025.
- HDFC Bank charges 1% on rent payments, capped at Rs 4,999, from Jul 2025
A 1% fee on the transaction amount applies on rental transactions on any applicable merchant. The fee is capped at Rs 4,999 per transaction.
- HDFC Bank caps insurance reward points per month from Jul 2025
Reward Points on insurance transactions are capped at 10,000 a month for Infinia and Infinia (Metal Edition), 5,000 a month for Diners Black Metal Edition and Diners Black, and 2,000 a month for all other credit cards.
- BOBCARD starts core reward points on utility bills from July 2025
From 1 July 2025 utility bill payments (MCC 4900) earn core reward points on all BOBCARD variants. The notice lists the core rate as 3 points per Rs 100 on Eterna, 2 on Premier and 1 on Select.
- BOBCARD sets 1,000 point minimum for statement balance redemption, Jul 2025
From 1 July 2025 redeeming reward points against the statement balance needs a minimum of 1000 points on all credit card variants.
- BOBCARD raises finance charge to 3.75% a month on Premier and Select, Jul 2025
From 1 July 2025 the finance charge is 3.75% per month (45% annualized) on all BOBCARD variants except Eterna, Eterna FD and Tiara, which includes Premier and Select.
- Axis Bank caps Reserve 2X international earn at the credit limit, June 2025
From 20 Jun 2025 the RESERVE card earns 30 points per INR 200 on international spends up to the credit limit a calendar month. Beyond that it earns 15 points per INR 200.
- Axis Bank caps Magnus accelerated 35 point earn at credit limit plus Rs 1.5 lakh
From 20 Jun 2025 the 35 points per INR 200 rate applies on monthly spends above INR 1.5 lakh up to the credit limit plus INR 1.5 lakh. Spends beyond that earn 12 points per INR 200.
- Axis Bank ends Flipkart card lounge access and halves welcome voucher, June 2025
From 20 Jun 2025 the 4 complimentary domestic lounge visits end. The welcome Flipkart voucher falls from INR 500 to INR 250 for cards issued after 20 Jun 2025.
- Axis Bank Flipkart card lifts Myntra to 7.5% and caps cashback, June 2025
From 20 Jun 2025 Myntra earns 7.5% cashback, up from 1%, capped at INR 4,000 a statement quarter. Flipkart and Cleartrip stay at 5%, each capped at INR 4,000 a statement quarter.
- Axis Bank caps Magnus for Burgundy 35 point earn at credit limit plus Rs 1.5 lakh
From 20 Jun 2025 the 35 points per INR 200 rate applies on monthly spends above INR 1.5 lakh up to the credit limit plus INR 1.5 lakh. Spends beyond that earn 12 points per INR 200.
- American Express Gold Card stops points on fuel spends, Jun 2025
From 12 June 2025 the Gold Card earns no Membership Rewards points on fuel payments (petrol, diesel and CNG from oil marketing companies).
- HDFC Tata Neu cards move domestic lounge access to quarterly spend vouchers, Jun 2025
From 10 June 2025, direct swipe lounge access ended. Tata Neu Plus gets 1 domestic lounge voucher and Tata Neu Infinity gets 2 on spending Rs 50,000 or more in a calendar quarter.
- Kotak Zen Signature caps and drops category rewards, Jun 2025
From 1 Jun 2025 Zen points are earned on education and insurance spends up to Rs 70,000, utility up to Rs 50,000 and government up to Rs 40,000 per statement cycle. Wallet load, fuel, rent and online skill based gaming stop earning. These categories no longer count toward milestones.
- Kotak Zen Signature cuts cash redemption to Rs 0.20 per point, Jun 2025
From 1 Jun 2025 cash value for redemption falls from Rs 0.25 to Rs 0.20 per Zen Point, with a minimum of 2,000 Zen Points for cash redemption. Redemption against catalogue categories stays at Rs 0.25 per point.
- Kotak Zen Signature ties lounge access to Rs 75,000 quarterly spend, Jun 2025
From 1 Jun 2025 two domestic airport lounge visits in a calendar quarter need quarterly spends of Rs 75,000 or more in the previous quarter.
- Kotak Zen Signature revises fuel surcharge waiver terms, Jun 2025
From 1 Jun 2025 the 1% fuel surcharge waiver applies to transactions between Rs 500 and Rs 5000, with a maximum waiver of Rs 3,500 in an anniversary year.
- Kotak changes minimum amount due to 1% of purchases, Jun 2025
From 1 Jun 2025 Minimum Amount Due is 1% of purchase transactions and cash advances, plus 100% of EMI, fees and charges (including finance or interest charges), taxes and any over limit amount, plus any unpaid prior MAD. The earlier basis was 5% of purchases plus 5% of finance charges.
- Kotak League Platinum caps utility rewards and drops categories, Jun 2025
From 1 Jun 2025 reward points on utility spends are earned only up to Rs 35,000 per statement cycle. Wallet load, online skill based gaming, insurance, government, rent, education and fuel spends stop earning. These categories no longer count toward milestones.
- Kotak League Platinum cuts cash redemption to Rs 0.07 per point, Jun 2025
From 1 Jun 2025 cash value for redemption falls from Rs 0.10 to Rs 0.07 per reward point, with a minimum of 2,000 reward points for cash redemption. Redemption against other categories stays at Rs 0.10 per point.
- Kotak League Platinum revises fuel surcharge waiver terms, Jun 2025
From 1 Jun 2025 the 1% fuel surcharge waiver applies to transactions between Rs 500 and Rs 4,000, with a maximum waiver of Rs 3,500 in an anniversary year. Fuel transactions do not earn reward points.
- Kotak 811 caps utility rewards and drops categories, Jun 2025
With effect from 1 Jun 2025 reward points on utility spends are earned only up to Rs 35,000 per statement cycle. Education, wallet loading, fuel, rent, government, insurance and online skill based gaming stop earning, and these spends no longer count toward milestones.
- Kotak 811 cuts cash redemption to Rs 0.10 per point, Jun 2025
With effect from 1 Jun 2025 redemption value of reward points falls from Rs 0.25 to Rs 0.10 per reward point, with a minimum of 2,000 reward points for cashback redemption. Redemption against mobile recharge, shopping and similar categories stays at Rs 0.25 per point.
- Kotak 811 revises fuel surcharge waiver terms, Jun 2025
With effect from 1 Jun 2025 the 1% fuel surcharge waiver applies to transactions between Rs 500 and Rs 4,000, with a maximum waiver of Rs 3,500 in each calendar year.
- Swiggy HDFC card earns 5% on Amazon and Flipkart grocery from May 2025
Transactions on Amazon and Flipkart registered with MCC 5411 earn 5% cashback for statements starting 10 May 2025.
- IndusInd Bank adds 1% fuel fee above Rs 50,000, May 2025
From 4 May 2025 fuel transactions up to Rs 50,000 in a statement cycle attract no fee. Above Rs 50,000 a 1% fee plus GST applies to the whole cumulative fuel spend for that cycle.
- Yes Bank raises Marquee and Reserv lounge spend gate to Rs 1,00,000, April 2025
From 1 April 2025 Marquee and Reserv need Rs 1,00,000 spent in the previous quarter to qualify for complimentary domestic lounge access in the next quarter.
- Club Vistara SBI Card Prime ends renewal and milestone tickets, Apr 2025
For cards due for renewal after 1 Apr 2025 the renewal Premium Economy ticket voucher and the milestone tickets (at Rs 1.5, 3, 4.5 and 8 lakh annual spend) are discontinued. The Rs 2,999 renewal fee is waived in such cases.
- SBI SimplyCLICK cuts Swiggy rewards from 10X to 5X, Apr 2025
Reward Points on online spends at Swiggy with the SimplyCLICK SBI Card drop from 10X to 5X from 1 Apr 2025. 10X stays on Apollo 24X7, BookMyShow, Cleartrip, Dominos, IGP, Myntra, Netmeds and Yatra.
- IndusInd Bank limits cash redemption to 50% of balance, Apr 2025
From 1 Apr 2025 cash credit redemption is limited to the lower of 50% of the points balance and the product monthly cap. Points earned on unpaid spends are pulled back if the Minimum Amount Due is missed by the next statement date, and points on the fractional part of spends above the base multiplier are no longer awarded.
- IndusInd Bank sets Rs 149 fee on cash redemption, Apr 2025
From 1 Apr 2025 redeeming reward points as cash credit on the IndusMoments portal carries a fee of Rs 149 plus GST. The twid Pay With Rewards fee is Rs 10, Rs 15 or Rs 20 plus GST by redemption slab and Rs 50 plus GST for flights.
- Air India SBI Signature cuts Air India ticket earn to 10 points, Mar 2025
From 31 Mar 2025 the accelerated earn on Air India tickets bought by the primary cardholder on the Air India website or app falls from 30 to 10 Reward Points per Rs 100.
- Utkarsh superCard lowers the FD threshold for the physical card fee to Rs 2,000 in Mar 2025
For physical cards issued from 7 March 2025 to 11 August 2025, the Rs 249 plus taxes fee applied only when the fixed deposit fell below Rs 2,000. For cards issued from 1 November 2024 to 7 March 2025 the threshold was Rs 5,000.
- IndusInd Bank ends Legend lounge access, Mar 2025
Complimentary lounge access was discontinued on the Legend Credit Card from 7 Mar 2025.
- AU Altura changes minimum amount due method, Feb 2025
From 15 February 2025 the Altura minimum amount due is 5% of principal outstanding plus 100% of fees, interest, EMIs, annual fee and GST for customers who paid the previous total due on time, and 2% of principal plus the same items otherwise.
- IndusInd Bank ends InterMiles redemption on all cards, Jan 2025
Redemption of reward points towards InterMiles stopped on all IndusInd credit cards from 21 Jan 2025.
- SIB OneCard needs Rs 750 in each of 3 categories for 5X rewards, Jan 2025
From 6 January 2025 the 5X reward points on the top 2 spend categories of a month need a minimum spend of Rs 750 in each of the 3 categories used to qualify. The base earn stays 1 reward point per Rs 50.
- Indian Bank OneCard 5X rewards need Rs 750 in each of 3 categories, Jan 2025
From 6 January 2025 the Indian Bank One co-branded card's 5X rewards on the top 2 spend categories of a month need a minimum spend of Rs 750 in each of at least 3 categories. Before, purchases across 3 categories in a month were enough to qualify.
- CSB OneCard needs Rs 750 in each of 3 categories for 5X rewards, Jan 2025
From 6 January 2025 the 5X reward points on the top 2 spend categories of a month need a minimum spend of Rs 750 in each of the 3 categories used to qualify. The base earn stays 1 reward point per Rs 50.
- ICICI Bank ties domestic lounge access to Rs 75,000 quarterly spend, Jan 2025
From 1 Jan 2025 complimentary domestic lounge access on these cards needs Rs 75,000 of spend in the previous calendar quarter. Rent, government, education and EMI spends do not count.
- BOBCARD adds 1% fee on wallet loads and ends points on them, Jan 2025
From 1 January 2025 wallet loading transactions (MCC 6539, 6540, 6541, 6542) carry a 1% processing fee and earn no core reward points.
- BOBCARD adds 1% fees on large utility and fuel transactions, Jan 2025
From 1 January 2025 a 1% processing fee (maximum Rs 3000 per transaction) applies to utility transactions (MCC 4900) of Rs 50,000 or higher, and a 1% fee applies to fuel transactions of Rs 10,000 or higher. The fuel fee does not apply to the HPCL ENERGIE card.
- BOBCARD removes the 500 point UPI reward cap per cycle, Jan 2025
From 1 January 2025 BOBCARD removed the earlier cap of 500 reward points per statement cycle on UPI transactions.
- BOBCARD ties Eterna and Premier lounge access to quarterly spend, Jan 2025
From 1 January 2025 Eterna keeps unlimited domestic lounge visits only with Rs 40,000 spent in the preceding calendar quarter. Premier keeps 1 visit per quarter only with Rs 20,000 spent in the preceding calendar quarter.
- BOBCARD ends golf benefits on Eterna from January 2025
From 1 January 2025 golf benefits are discontinued on the Eterna and Eterna FD cards, along with Yoddha, The Sentinel and Rakshamah.
- AU raises Priority Pass usage charge to USD 35, Jan 2025
From 1 January 2025 Priority Pass usage in India and visits above the complimentary international visits are charged USD 35 per visit, up from USD 27. Applies to Zenith+, Zenith, Vetta and ABC Pro.
- AU domestic lounge access becomes spend based, Jan 2025
From 1 January 2025 AU enabled complimentary domestic lounge access on Visa/RuPay AU credit cards only on meeting a spend-based eligibility test. The notice covers Zenith, Vetta, Xcite Ace, Xcite Ultra, SPONT, NOMO and ABC Pro.
- ixigo AU sets 1 point per Rs 100 on utility, telecom and insurance, Dec 2024
From 22 December 2024 ixigo AU earns 1 reward point per Rs 100 on utility, telecom and insurance spends, with insurance capped at 100 reward points per transaction.
- ixigo AU withdraws reward points on international spends, Dec 2024
From 22 December 2024 international transactions on the ixigo AU card earn no reward points. AU links this to the 0% forex markup it introduced in December 2023.
- ixigo AU stops reward points on rent, education, government and BBPS, Dec 2024
From 22 December 2024 ixigo AU cardholders earn no reward points on rent (MCC 6513), education and government, and BBPS transactions.
- Axis Bank adds 1% fees on wallet, fuel, utility, education and gaming, Dec 2024
The MITC lists a 1% fee applicable from 20 Dec 2024 on wallet loads from INR 10,000, fuel from INR 50,000, utilities from INR 25,000 and online skill-based gaming from INR 10,000 per statement cycle, and on third-party app education payments.
- IndusInd Legend revises bonus points milestone, Dec 2024
From 15 Dec 2024 Legend earns 3,000 bonus reward points on spends of Rs 5,00,000 or above within one year of card issue. Low MCC spends (fuel, transport and tolls, utilities, insurance, education, telecom and government among them) do not count where the anniversary year completes after 15 Dec 2024.
- SBI Card adds 1% fee on utility payments above Rs 50,000, Dec 2024
From 1 Dec 2024, if utility payments in a billing cycle add up to more than Rs 50,000, SBI Card charges a 1% fee on the total utility amount.
- SBI Card stops reward points on digital gaming from Dec 2024
SBI Card lists AURUM, SBI Card Elite, Pulse, SimplyCLICK, PRIME and SimplySAVE among the cards that earn no Reward Points on Digital Gaming Platforms/Merchants from 1 Dec 2024.
- IndusInd Bank changes Legend airport lounge list, Nov 2024
The list of airport lounges for Legend and Pinnacle changed from 15 Nov 2024.
- ICICI Bank drops rent, government and education spends from fee waiver, Nov 2024
From 15 Nov 2024 rent, government and education payments no longer count toward the spend threshold for annual fee reversal and milestone benefits.
- ICICI Bank caps utility, insurance and grocery rewards on top cards, Nov 2024
From 15 Nov 2024 rewards on Emeralde, Sapphiro and Rubyx are capped per statement cycle at Rs 80,000 of utility spend, Rs 80,000 of insurance spend and Rs 40,000 of grocery and departmental store spend.
- ICICI Bank caps utility, insurance and grocery rewards on mid cards, Nov 2024
From 15 Nov 2024 rewards on Coral, HPCL Coral, Platinum Chip and Manchester United Signature are capped per statement cycle at Rs 40,000 of utility spend, Rs 40,000 of insurance spend and Rs 20,000 of grocery and departmental store spend.
- MakeMyTrip ICICI Signature gives Priority Pass to new applicants, Nov 2024
Customers who applied on or after 15 Nov 2024 get a Priority Pass membership with access to 1,400+ lounges in 145+ countries. Customers who applied earlier keep DreamFolks with 650+ lounges in 100+ countries.
- ICICI Bank adds 1% fee on fuel, utility and education payments, Nov 2024
From 15 Nov 2024 ICICI Bank charges 1% on fuel transactions above Rs 10,000, 1% on utility payments above Rs 50,000 and 1% on education payments made through third-party apps.
- ICICI Bank sets 2% forex mark-up on Emeralde cards, Nov 2024
From 15 Nov 2024 the foreign currency mark-up is 2% on the Emeralde Private Metal and Emeralde cards. The standard ICICI Bank mark-up in the same document is 3.50%.
- SBI Card raises finance charge to 3.75% a month from Nov 2024
From 1 Nov 2024 the rate of Finance Charges is 3.75% p.m. on all unsecured SBI credit cards, except Shaurya and Defense cards.
- RBL Bank ShopRite stops reward points on six more spend categories, Oct 2024
From 15 October 2024 purchases in Quasi-Cash, Education, Government Services, Contracted Services, Cash and Bills2Pay no longer earn reward points on the ShopRite card.
- RBL Bank ShopRite excludes 14 categories from annual fee waiver spend, Oct 2024
From 15 October 2024 spends on Fuel & Auto, Utilities, Insurance, Quasi-Cash, Railways, Real Estate/Rental, Education, Wallet/Service Providers, Government services, Contracted Services, Cash, Miscellaneous, Bills2Pay and EMI conversion, plus fees and GST, do not count toward the Rs 1,50,000 annual spend that waives the Rs 500 fee.
- Air India SBI Signature card closed to new customers, Oct 2024
SBI Card stopped issuing the Air India SBI Signature Credit Card from 10 Oct 2024.
- HDFC Infinia caps Tanishq voucher redemption at 50,000 points a quarter, Oct 2024
On HDFC Bank SmartBuy, redemption of Reward Points for Tanishq vouchers is capped at 50,000 Reward Points per calendar quarter from 1 October 2024. This applies only to Infinia and Infinia Metal cards.
- HDFC Infinia caps Apple product redemption at one a quarter, Oct 2024
On HDFC Bank SmartBuy, redemption of Reward Points for Apple products is capped to one product per calendar quarter from 1 October 2024. This applies only to Infinia and Infinia Metal cards.
- Club Vistara SBI Card Prime closed to new customers, Sep 2024
SBI Card stopped issuing new Club Vistara SBI Credit Card PRIME cards from 28 Sep 2024.
- PNB halves the value of a credit card reward point to Rs 0.25, Sep 2024
From 1 September 2024 one PNB credit card reward point is worth Rs 0.25. The notice's example uses a rate of 0.5 before the change; balances as on 31 August 2024 were adjusted so their value stayed the same.
- IndusInd Legend caps monthly cash redemption of points, Sep 2024
From 1 Sep 2024 upper limits on cash redemption of reward points apply on various IndusInd cards. The linked reward points table lists a monthly cap of 5,000 points on Legend.
- HDFC Bank caps utility and telecom Reward Points at 2,000 a month, Sep 2024
From 1 Sep 2024 Reward Points earned on utility transactions are capped at 2,000 per calendar month, and Reward Points earned on telecom transactions are capped at 2,000 per calendar month. Millennia, UPI, Swiggy, Paytm and a few other cards keep their own product feature caps.
- HDFC Bank MoneyBack+ stops rewards on wallet loads and Easy EMI, Sep 2024
From 1 Sep 2024 wallet loading and Easy EMI transactions earn no Reward Points on MoneyBack+. Education payments through third party apps also earn none.
- HDFC Bank Freedom stops rewards on wallet loads and Easy EMI, Sep 2024
From 1 Sep 2024 wallet loading and Easy EMI transactions earn no Reward Points on Freedom. Utility and telecom points are capped at 2,000 each per month and third party education payments earn none.
- HDFC Bank stops rewards on education paid via third party apps, Sep 2024
From 1 Sep 2024 education payments made through third party apps such as CRED, Cheq and MobiKwik earn no Reward Points, and points already earned there are reversed. Payments made directly to schools and colleges are not covered by this line.
- HDFC Bank BizBlack caps utility and telecom Reward Points, Sep 2024
From 1 Sep 2024 Reward Points on utility transactions are capped at 2,000 per calendar month, and Reward Points on telecom and cable transactions are capped at 2,000 per calendar month.
- HDFC Bank caps utility and telecom reward points at 2,000 a month, Sep 2024
Reward Points on utility transactions (MCC 4900) and on telecom and cable transactions (MCC 4812, 4814, 4899) are each capped at 2,000 Reward Points per calendar month. Product-level caps continue on Millennia, Swiggy and some other cards.
- HDFC Tata Neu Plus stops NeuCoins on third-party education payments, Sep 2024
Education payments made through third-party apps like CRED, Cheq and MobiKwik no longer earn NeuCoins. Payments made directly on college or school websites or their POS machines still earn NeuCoins.
- HDFC Tata Neu Infinity stops NeuCoins on third-party education payments, Sep 2024
Education payments made through third-party apps like CRED, Cheq and MobiKwik no longer earn NeuCoins. Payments made directly on college or school websites or their POS machines still earn NeuCoins.
- HDFC Millennia stops reward points on wallet loads and Easy EMI, Sep 2024
Wallet loading (MCC 6540) and Easy EMI transactions no longer earn Reward Points on Millennia cards.
- HDFC Bank stops reward points on education payments via apps, Sep 2024
Education payments made through third-party apps like CRED, Cheq and MobiKwik no longer earn Reward Points on consumer cards. Payments made directly on college or school websites or their POS machines still earn points.
- Standard Chartered Ultimate charges 2% forex markup upfront, Aug 2024
From 25 August 2024 all overseas transactions on the Ultimate card carry a 2% forex markup at posting. This replaces waiting for a separate 1.5% cashback posting.
- AU Bank adds 1% fair usage charge on fuel and utility spends, Aug 2024
From 15 August 2024 AU charges 1% on monthly fuel spends above 50% of the credit limit or Rs 50,000, whichever is lower, and 1% on monthly utility spends above Rs 50,000. Corporate and Purchase cards are excluded.
- AU Bank sets card interest at 3.75% a month, Aug 2024
From 15 August 2024 the interest rate (APR) is 3.75% per month (45% per annum) on all AU credit cards except Zenith+, Corporate and Purchase cards.
- HDFC Bank Shoppers Stop Black adds rent, fuel, utility, education fees, Aug 2024
From 1 Aug 2024 a 1% fee applies to rent paid through apps, to fuel above Rs 15,000 per transaction, to utilities above Rs 50,000 per transaction and to education paid through third party apps, each capped at Rs 3,000 per transaction. The notice also sets an Easy-EMI processing fee of up to Rs 299 and a Rs 50 fee for redeeming rewards as statement credit.
- HDFC Bank MoneyBack+ adds rent, fuel, utility, education fees, Aug 2024
From 1 Aug 2024 a 1% fee applies to rent paid through apps, to fuel above Rs 15,000 per transaction, to utilities above Rs 50,000 per transaction and to education paid through third party apps, each capped at Rs 3,000 per transaction. Easy-EMI processing fee is up to Rs 299 and redeeming CashPoints as statement credit costs Rs 50.
- HDFC Bank IndianOil card adds Rs 50 statement credit redemption fee, Aug 2024
From 1 Aug 2024 redeeming rewards towards statement credit (CashBack) on the IndianOil HDFC Bank Credit Card carries a fee of Rs 50.
- HDFC Bank Freedom adds rent, fuel, utility, education fees, Aug 2024
From 1 Aug 2024 a 1% fee applies to rent paid through apps, to fuel above Rs 15,000 per transaction, to utilities above Rs 50,000 per transaction and to education paid through third party apps, each capped at Rs 3,000 per transaction. Redeeming rewards as statement credit costs Rs 50.
- HDFC Bank BizBlack adds rent, fuel, utility, education fees, Aug 2024
From 1 Aug 2024 a 1% fee applies to rent paid through apps, to fuel above Rs 30,000 per transaction, to utilities above Rs 75,000 per transaction and to education paid through third party apps, each capped at Rs 3,000 per transaction. Insurance is not treated as utility.
- HDFC Tata Neu Plus resets UPI NeuCoins to 0.25% plus 0.75% on Neu UPI ID, Aug 2024
From 1 August 2024, eligible UPI spends earn 0.25% NeuCoins on any UPI ID, plus an extra 0.75% on the Tata Neu UPI ID. UPI NeuCoins stay capped at 500 a month. The card's T&C table lists the earlier UPI rate as 1%.
- HDFC Tata Neu Infinity resets UPI NeuCoins to 0.5% plus 1% on Neu UPI ID, Aug 2024
From 1 August 2024, eligible UPI spends earn 0.5% NeuCoins on any UPI ID, plus an extra 1% on the Tata Neu UPI ID. UPI NeuCoins stay capped at 500 a month. The card's T&C table lists the earlier UPI rate as 1.5%.
- HDFC Millennia adds 1% fees on fuel, utility, rent and education, Aug 2024
A 1% fee applies on fuel spends above Rs 15,000 per transaction and utility spends above Rs 50,000 per transaction, on the full amount. Rent and third-party-app education payments also carry 1%. Each fee is capped at Rs 3,000 per transaction.
- HDFC Millennia charges Rs 50 to redeem CashPoints for statement credit, Aug 2024
From 1 August 2024, redeeming rewards towards statement credit (CashBack) on the Millennia card carries a Rs 50 redemption fee.
- HDFC Bank sets late payment fee slabs on credit cards from Aug 2024
Late payment charges by statement amount: nil up to Rs 100, Rs 100 for Rs 101 to 500, Rs 500 for Rs 501 to 1,000, Rs 600 for Rs 1,001 to 5,000, Rs 750 for Rs 5,001 to 10,000, Rs 900 for Rs 10,001 to 25,000, Rs 1,100 for Rs 25,001 to 50,000 and Rs 1,300 above Rs 50,000. Infinia (Metal Edition) is excluded.
- SBI Card stops reward points on government payments for co-brand cards, Jul 2024
From 15 Jul 2024 Reward Points do not accrue on government related transactions on the listed co-brand cards.
- BOBCARD stops core reward points on special MCCs for Eterna, Premier, Select, Jul 2024
From 15 July 2024 Eterna, Premier and Select earn no core reward points on the special merchant categories in the notice (including agriculture, contractors, transportation, telecom, utility, insurance, rent, education and government), and none on fuel.
- Axis Bank launches the Horizon travel card in July 2024
The HORIZON card carries a joining fee of INR 3000 + GST and an annual fee of INR 3000 + GST. It earns 5 EDGE Miles per INR 100 on Travel Edge and airline spends and 2 EDGE Miles per INR 100 on other spends, for cards issued on or after 1 Jul 2024.
- Swiggy HDFC card credits cashback to the statement from Jun 2024
For statements generated from 21 June 2024, cashback is auto-redeemed against the outstanding amount due for the next cycle instead of being paid as Swiggy Money. Swiggy Money earned on earlier statements stays redeemable on the Swiggy app.
- SBI Card stops reward points on government payments June 2024
SBI Card lists AURUM, SBI Card Elite, Pulse, SimplyCLICK, PRIME and SimplySAVE among the cards that earn no Reward Points on government related transactions from 1 Jun 2024.
- IndusInd Bank revises fuel surcharge waiver caps, May 2024
From 5 May 2024 the fuel surcharge waiver covers transactions from Rs 500 to Rs 3000. The cap per billing cycle is Rs 100 on Legend and Rs 250 on EazyDiner Signature.
- Axis Bank ties Privilege domestic lounge access to Rs 50,000 spend, May 2024
From 1 May 2024 PRIVILEGE domestic lounge access needs Rs 50,000 of spends in the previous 3 calendar months. New cards are exempt for the issue month and the next 3 months.
- Axis Bank ties Magnus domestic lounge access to Rs 50,000 spend, May 2024
From 1 May 2024 MAGNUS domestic lounge access needs Rs 50,000 of spends in the previous 3 calendar months. New cards are exempt for the issue month and the next 3 months.
- Axis Bank ties Flipkart card lounge access to Rs 50,000 spend, May 2024
From 1 May 2024 FLIPKART AXIS BANK lounge access needs INR 50,000 of spends in the previous 3 months. New cards are exempt for the issue month and the next 3 months.
- Axis Bank ties Magnus for Burgundy lounge access to Rs 50,000 spend, May 2024
From 1 May 2024 domestic lounge access needs Rs 50,000 of spends in the previous 3 calendar months. New cards are exempt for the issue month and the next 3 months.
- Axis Bank ties Airtel card lounge access to Rs 50,000 spend, May 2024
From 1 May 2024 AIRTEL AXIS BANK lounge access needs INR 50,000 of spends in the previous 3 calendar months. New cards are exempt for the issue month and the next 3 months.
- Axis Bank ties ACE domestic lounge access to Rs 50,000 spend, May 2024
From 1 May 2024 ACE domestic lounge access needs INR 50,000 of spends in the previous 3 calendar months. New cards are exempt for the issue month and the next 3 months.
- Axis Bank caps Reserve points transfers by partner group, April 2024
From 20 Apr 2024 RESERVE holders can transfer at most 1 lakh EDGE Reward Points a calendar year to Group A partners and 4 lakh to Group B partners.
- Axis Bank Reserve stops points on insurance, fuel, gold and wallet, April 2024
From 20 Apr 2024 spends on insurance, fuel, gold/jewellery and wallet earn no EDGE Reward Points on the RESERVE card. Insurance, fuel and gold also stop counting towards the annual fee waiver.
- Axis Bank ends the Reserve 50,000 point annual benefit, April 2024
From 20 Apr 2024 the annual benefit of 50,000 EDGE Reward Points on the RESERVE card is discontinued.
- Axis Bank ends the Reserve airport transfer service, April 2024
Airport Transfer service on the RESERVE card is discontinued from 20 Apr 2024. Requests raised up to 19 Apr 2024 are fulfilled.
- Axis Bank caps Privilege points transfers by partner group, April 2024
From 20 Apr 2024 PRIVILEGE holders can transfer at most 1 lakh EDGE Reward Points a calendar year to Group A partners and 4 lakh to Group B partners.
- Axis Bank changes the Privilege milestone and drops vouchers, April 2024
The PRIVILEGE milestone is 10,000 EDGE Reward Points on Rs 2.5 lakh spend in a card anniversary year. Multi brand vouchers at double redemption value on every Rs 2.5 lakh and the 24*7 concierge are discontinued.
- Axis Bank widens Privilege milestone and fee waiver exclusions, April 2024
From 20 Apr 2024 government services, utilities, gold/jewellery, rent, wallet, insurance, fuel and educational services spends do not count towards the PRIVILEGE milestone or annual fee waiver.
- Axis Bank Privilege stops points on gold and jewellery from April 2024
From 20 Apr 2024 gold/jewellery spends (MCC 5094, 5944) earn no EDGE Reward Points on the PRIVILEGE card.
- Axis Bank raises the Privilege annual fee waiver spend to Rs 5 lakh, April 2024
Customers onboarded from 20 Apr 2024 get a Rs 1,500 fee waiver on Rs 5 lakh spend in the preceding year. Earlier customers keep Rs 2.5 lakh until card anniversaries after 20 Apr 2025, then Rs 5 lakh applies.
- Axis Bank splits Magnus points transfers into capped partner groups, April 2024
From 20 Apr 2024 MAGNUS holders can transfer at most 1 lakh EDGE Reward Points a calendar year to Group A partners and 4 lakh to Group B partners.
- Axis Bank cuts Magnus lounge guest visits from 8 to 4, April 2024
From 20 Apr 2024 complimentary guest visits on the MAGNUS card fall from 8 to 4, on both domestic and international lounge programs.
- Axis Bank Magnus stops points on insurance, gold and fuel from April 2024
From 20 Apr 2024 spends on insurance, gold/jewellery and fuel earn no base or accelerated EDGE Reward Points on the MAGNUS card and do not count towards the annual fee waiver threshold.
- Axis Bank ends Magnus movie offer, concierge and meet and assist, April 2024
From 20 Apr 2024 the MAGNUS card drops the BookMyShow buy one get one offer, the 24*7 concierge service and the 8 complimentary airport meet & assist services.
- Axis Bank raises the IndianOil card fee waiver spend to Rs 3.5 lakh, April 2024
Customers onboarded from 20 Apr 2024 get a Rs 500 fee waiver on Rs 3.5 lakh spend. Earlier customers need INR 50,000 until anniversaries on and after 20 Apr 2025, then INR 3.5 lakh.
- Axis Bank stops IndianOil card points on rent, wallet and insurance, April 2024
From 20 Apr 2024 rent, wallet, insurance, gold/jewellery, utilities and government spends earn no EDGE Reward Points on the INDIANOIL AXIS BANK card.
- Axis Bank sets Flipkart card base cashback at 1% from April 2024
From 20 Apr 2024 transactions other than Flipkart, preferred merchants and excluded categories earn a base cashback of 1% on the FLIPKART AXIS BANK card.
- Axis Bank caps Magnus for Burgundy points transfers by group, April 2024
From 20 Apr 2024 holders can transfer at most 2 lakh EDGE Reward Points a calendar year to Group A partners and 8 lakh to Group B partners.
- Axis Bank halves Magnus for Burgundy meet and assist services, April 2024
From 20 Apr 2024 the complimentary airport meet & assist services drop from 8 to 4 a calendar year. The BookMyShow buy one get one offer and the 24*7 concierge service are discontinued.
- Axis Bank cuts Magnus for Burgundy lounge guest visits to 4, April 2024
From 20 Apr 2024 complimentary guest visits fall from 8 to 4 on the domestic and international lounge programs.
- Axis Bank Magnus for Burgundy stops points on insurance, gold, fuel, April 2024
From 20 Apr 2024 spends on insurance, fuel and gold & jewellery earn no base or accelerated EDGE Reward Points and do not count towards the annual fee waiver threshold.
- Axis Bank halves the Atlas welcome miles for cards sourced from April 2024
Cards sourced from 20 Apr 2024 get 2,500 EDGE Miles on the first transaction within 37 days. Cards sourced from 20 Dec 2022 to 20 Apr 2024 got 5,000 EDGE Miles within 30 days.
- Axis Bank caps Atlas accelerated travel miles at Rs 2 lakh a month, April 2024
From 20 Apr 2024 the ATLAS card earns 5 EDGE Miles per Rs 100 on Travel EDGE, airline and hotel spends up to Rs 2,00,000 a month, and 2 EDGE Miles per Rs 100 above that.
- Axis Bank caps Atlas miles transfers by partner group from April 2024
From 20 Apr 2024 EDGE Miles transfers to partners are capped at 1,50,000 a customer ID a calendar year, with at most 30,000 to Group A and 1,20,000 to Group B partners.
- Axis Bank Atlas drops miles on rent, fuel, utilities and more from April 2024
From 20 Apr 2024 the ATLAS card earns no EDGE Miles on gold/jewellery, rent, wallet, government, insurance, fuel and utilities spends. The same categories stop counting towards milestone spends and tier evaluation.
- Axis Bank ends Atlas airport meet and assist and concierge from April 2024
From 20 Apr 2024 the ATLAS card loses the tier based Airport Meet & Assist and Airport Transfer benefit and the 24*7 complimentary concierge service.
- Axis Bank cuts Airtel card cashback caps from INR 300 to INR 250, April 2024
From 20 Apr 2024 the monthly cap on 25% Airtel bill cashback and on 10% utility cashback via Airtel Thanks falls from INR 300 to INR 250 a statement cycle. Utility spends elsewhere earn no cashback.
- Axis Bank ACE ends cashback on utility bills outside Google Pay, April 2024
From 20 Apr 2024 utility spends on any platform other than Google Pay (MCC 4814, 4816, 4899, 4900) earn no cashback on the ACE card.
- Axis Bank ACE base cashback falls from 2% to 1.5% from April 2024
Cashback on other eligible merchants is 1.5% from 20 Apr 2024, against 2% until 19 Apr 2024.
- SBI Card stops reward points on rent payments for co-brand cards, Apr 2024
From 15 Apr 2024 Reward Points do not accrue on rent payments on the listed co-brand cards.
- Yes Bank ties domestic lounge access to Rs 35,000 quarterly spend, April 2024
From 1 April 2024 domestic lounge access depends on spending Rs 35,000 or more in a quarter to qualify for complimentary access in the next quarter.
- SBI Card stops reward points on rent payments from April 2024
SBI Card lists AURUM, SBI Card Elite, Pulse, SimplyCLICK, PRIME and SimplySAVE among the cards that earn no Reward Points on rent payments from 1 Apr 2024.
- IDFC FIRST Bank adds 1% utility fee above Rs 20,000, May 2024
From 1 May 2024 a 1% fee applies to utility spends once aggregate utility spends exceed Rs 20,000 in a billing cycle. Utility spends keep earning 1X.
- IDFC FIRST Bank sets Rs 249 minimum rent fee, May 2024
From 1 May 2024 the 1% rent and property management fee stays but carries a minimum of Rs 249 per transaction.
- IDFC FIRST Bank cuts online rewards to 3X up to Rs 20,000, May 2024
From 1 May 2024, reward points on online spends up to Rs 20,000 in a statement cycle are revised to 3X (3 points per Rs 150). Education, wallet load and government spends earn 3X and stop counting toward the 10X threshold. Wealth and Select earn 10X on online and offline spends above Rs 20,000; Millennia keeps 10X on incremental spends above Rs 20,000 per month.
- IDFC FIRST Bank trims Wealth and Select movie offers, May 2024
From 1 May 2024 the buy one get one movie offer is revised to up to Rs 125 off twice per month on Select and up to Rs 250 off twice per month on Wealth.
- IDFC FIRST Bank caps Wealth and Select lounge visits, May 2024
From 1 May 2024 Select gets 2 domestic airport lounge visits per quarter. Wealth keeps 4 airport lounge and spa visits per quarter, capped at 2 domestic and 2 international. Both need Rs 20,000 spent in a calendar month to activate lounge benefits for the next month.
- Edge CSB Bank RuPay card moves to 2% on one chosen category plus 0.4% base, Mar 2024
From 27 March 2024 the Edge CSB Bank RuPay card earns 2% cashback on one category the user picks (Travel, Food or Shopping) and 0.4% on all other spends, capped at Rs 3,000 (15,000 Jewels) per billing cycle.
- SBI Aurum drops physical DreamFolks card from March 2024
From 1 Mar 2024 SBI Card stops issuing a physical card for DreamFolks Membership. AURUM cardholders get the benefit through aurumcreditcard.com or the SBI Card mobile app.
- IndusInd Bank revises reward points program, Mar 2024
IndusInd revised its reward points program with effect from 1 Mar 2024. The linked table on the bank site lists Legend at Rs 0.75 per point for non-cash redemption and Rs 0.50 per point for cash redemption.
- ICICI Bank stops reward points on rent and wallet loads, Feb 2024
From 5 Feb 2024 rent pay and e-wallet loading transactions earn no reward points on ICICI Bank credit cards. The Amazon Pay ICICI Bank card is exempt.
- ICICI Bank moves government payments into the utility category, Feb 2024
From 5 Feb 2024 government transactions count as utility payment transactions on ICICI Bank credit cards, so they follow the utility earn rules and caps. The Amazon Pay ICICI Bank card is exempt.
- HDFC Infinia moves Turkish, Accor and Avianca transfers to 2:1, Jan 2024
From 15 January 2024, 2 Reward Points convert to 1 Loyalty Point for Turkish Miles, Accor and Avianca Life Miles.