CardPolo

Indian credit card devaluations

25 cuts we have reported for cards in India, newest first. 3 have not taken effect yet. Every row links to our write-up and its source.

  • Axis Bank 5
  • HDFC Bank 5
  • American Express 4
  • SBI Card 2
  • BOBCARD 2
  • IDFC FIRST Bank 2
  • PNB 1
  • Jupiter 1
  • AU Small Finance Bank 1
  • IndusInd Bank 1
  • ICICI Bank 1

Coming up

Announced, not yet in effect. Soonest first.

Upcoming devaluations
Takes effectBankWhat changedSource
15 Nov 2026American ExpressAmex India tightens Membership Rewards: the 50% fee waiver goes and points stop pooling across cards (now 15 Nov 2026)livefromalounge.com
15 Nov 2026Axis BankAxis memberships and Priority Pass stop auto-renewing from 15 November 2026: which cards, and what lapses
Axis Magnus, Axis Reserve, Axis Burgundy Private
campaign.axis.bank.in
1 Dec 2026SBI CardSBI Card adds a 1% fee on transport payments over ₹30,000 and on fuel above ₹50,000 a cycle from 1 December 2026
SBI BPCL Octane, SBI Cashback, SBI SimplyClick, SBI ELITE, SBI Prime, SBI Pulse, SBI Aurum, IRCTC SBI Premier, SBI Air India Signature
sbicard.com

Every cut we have reported

All reported devaluations
Takes effectBankWhat changedSource
1 Dec 2026SBI CardSBI Card adds a 1% fee on transport payments over ₹30,000 and on fuel above ₹50,000 a cycle from 1 December 2026
SBI BPCL Octane, SBI Cashback, SBI SimplyClick, SBI ELITE, SBI Prime, SBI Pulse, SBI Aurum, IRCTC SBI Premier, SBI Air India Signature
sbicard.com
15 Nov 2026American ExpressAmex India tightens Membership Rewards: the 50% fee waiver goes and points stop pooling across cards (now 15 Nov 2026)livefromalounge.com
15 Nov 2026Axis BankAxis memberships and Priority Pass stop auto-renewing from 15 November 2026: which cards, and what lapses
Axis Magnus, Axis Reserve, Axis Burgundy Private
campaign.axis.bank.in
1 Nov 2026Axis BankAxis Bank movie offer: buy one get one free now needs ₹25,000 spend, new rules from 1 November 2026
Axis MyZone
cardinsider.com
1 Nov 2026PNBPNB credit cards: ₹99 redemption fee, 1% utility fee and higher cash and late charges from 1 Novembercreditcard.pnb.bank.in
10 Oct 2026JupiterJupiter Edge+ puts its 50% shopping Jewels behind a ₹15,000 cycle spend from 10 October 2026jupiter.money
1 Oct 2026BOBCARDBOBCARD raises its lounge gate from ₹40,000 to ₹75,000 a quarter, and its finance charge to 45% a yearcardinsider.com
1 Oct 2026AU Small Finance BankAU Zenith and Vetta lose their low forex rates: 3.49% markup now, and the fuel waiver falls to ₹100
AU Bank Zenith
au.bank.in
30 Sept 2026American ExpressAmex India is shutting down Reward Multiplier on 30 September, and the deadline is the night beforeamericanexpress.com
30 Sept 2026HDFC BankHDFC Swiggy credit card phased out: auto-migration to Swiggy Ornge, new card number, what to do
HDFC Swiggy
hdfc.bank.in
10 Sept 2026American ExpressAmex Platinum Travel loses 30,000 milestone points and puts lounge access behind ₹1 lakh a quarterlivefromalounge.com
10 Sept 2026American ExpressAmex Platinum Travel India, second cut of 2026: the ₹1.9 lakh milestone is gone and lounge access now depends on last quarter's spendlivefromalounge.com
1 Sept 2026BOBCARDBOBCARD ends lifetime free on Easy, Select, Premier and Eterna: first year free now, then a feebobcard.co.in
28 Aug 2026Axis BankAxis Bank's August 28 sweep: DCC charges up, Priority Pass loses domestic lounges, gift cards stop counting
Axis Magnus, Axis MyZone
cardinsider.com
28 Aug 2026Axis BankAxis Bank credit card rules change August 28, 2026: DCC fee triples to 3.5%, rewards pulled from gift cards and tolls
Axis MyZone, Axis Magnus, Axis Burgundy Private
businesstoday.in
1 Jul 2026HDFC BankHDFC caps SmartBuy brand-voucher earnings at 3,000 points/month: Infinia hit hardest
HDFC Infinia (Metal), HDFC Diners Club Black, HDFC Regalia
savesage.club
1 Jul 2026HDFC BankHDFC puts Regalia Gold's domestic lounge access behind a ₹60,000 quarterly spend gate
HDFC Regalia Gold
cardexpert.in
18 Jun 2026IDFC FIRST BankIDFC First's second cut of 2026: movie tickets need ₹20,000 of spend, points now expire, and rewards stop at your credit limit
IDFC FIRST Wealth, IDFC FIRST Select, IDFC FIRST Wow
cardinsider.com
15 May 2026HDFC BankHDFC's own August document: ₹3,500 to replace a metal card, 1.75% on rupee-billed foreign spends, $27 a head for Priority Pass in India
HDFC Infinia (Metal), HDFC Regalia Gold, HDFC Regalia, Tata Neu Infinity HDFC
hdfc.bank.in
2 Apr 2026Axis BankAxis Bank drops Accor, Marriott and Qatar Airways as transfer partners, and halves the ratios on what is left
Axis Atlas, Axis Magnus, Axis Reserve, Axis Burgundy Private
livefromalounge.com
1 Apr 2026HDFC BankHDFC Infinia now demands ₹18L annual spend or ₹50L relationship value to keep the card
HDFC Infinia (Metal)
livefromalounge.com
1 Apr 2026IDFC FIRST BankIDFC First devalues its lifetime-free cards: base earn cut 25%, forex rewards halved
IDFC FIRST Wealth, IDFC FIRST Select
cardinsider.com
1 Apr 2026SBI CardSBI Cashback Card caps rewards at ₹4,000/cycle and cuts out gaming, tolls & govt spends
SBI Cashback
savesage.club
1 Apr 2026IndusInd BankIndusInd puts domestic lounge access behind quarterly spend, and asks for up to ₹5,00,000 a quarter
IndusInd Pinnacle
livefromalounge.com
15 Jan 2026ICICI BankICICI reworks rewards: Emeralde stops earning on rent, fuel, govt & tax; 2% gaming fee added
ICICI Emeralde Private Metal, Amazon Pay ICICI
businesstoday.in

Launches and improvements are in Indian card news. Holding one of these cards? My cards shows which of your cards a change touches.