Independent Research · Change Intelligence
Credit card changes, on the record
Every tracked change to Indian credit cards — rewards, fees, transfer partners, lounge access — as one dated, source-verified record. The market-wide view of the value timelines on every card page.
Counted once per distinct change — a bank-wide notice appears once, however many cards it touches. Counted per affected card instead, the same record holds 1,800 events, published in the open dataset.
A card of yours on this list? How much notice a bank must give before terms change, and how to escalate to the RBI Ombudsman when the answer from the issuer is no.
Follow along: RSS feed of every change, or subscribe to the effective-dates calendar — upcoming changes, each on the day it takes effect.
Latest changes across the market
The 40 most recent entries across 280 tracked cards, newest first — an issuer-wide notice appears once, with every card it touches. Pick a card above for its complete history.
- Issuer noticeUpcoming · effective 15 Nov 2026American Express· 5 changes across 7 cards▼ Redemption
Membership Rewards points kept separately for each card
One points balance across all your basic cards→A separate balance for each card; points cannot be moved between cards
From 15 November 2026, a member who holds two or more basic American Express cards has a separate Membership Rewards balance on each card, where today the points of all of them sit in one account. Existing points are split by the card that earned them, each card redeems from its own balance, and moving points from one card to another ends for good. Earn rates, redemption options and the value of a point do not change. A member who combined several cards' points to reach a bigger redemption now has to reach it on one card's balance.
▼ BenefitNew Account Cards no longer issued
New Account Cards available on request→No new Account Cards; existing ones keep working
From 15 November 2026 American Express stops issuing new Account Cards, the extra cards in a member's own name used to keep certain spends separate. Requests, including replacements for a lost, stolen or expired Account Card, are taken until 27 October, and an application started by then is completed by 3 November. An Account Card already issued keeps working.
◆ RewardPoints paused on a card still overdue at its next statement
No redemptions on any card while one is overdue→No earning or redemption on that card from its next statement until paid
From 15 November 2026, if a payment is still due when a card's next statement is generated, that card stops earning and redeeming Membership Rewards points from that statement date until the overdue balance is paid. Points already earned stay, and the member's other cards carry on, since each keeps its own balance. Amex's current Membership Rewards terms already forfeit the points of a statement left unpaid by the due date (reinstatable for a fee) and block redemptions on every card while any one is overdue; the new page does not say whether the forfeiture clause stays. Paying the overdue amount before the next statement date avoids the pause.
◆ MilestoneMilestone spend counted by posting date
Spend counted by purchase date→Spend counted by posting date; bonus by the end of that month
From 15 November 2026, spend towards a milestone counts on the date a transaction posts to the card rather than the date of the purchase, and the bonus points or voucher are credited by the end of the calendar month in which the milestone is reached. A purchase made on 30 November that posts in December counts towards December. Regular earning does not change, and bonuses already earned stay. A member aiming for a monthly milestone near the end of a month should allow a few days for purchases to post.
▼ FeeLate payment fee set on the total amount due
30% of the minimum amount due, ₹500 to ₹1,000→Slabs on the total amount due, ₹500 to ₹1,250
On statements generated after 15 November 2026, the late payment fee on American Express's credit cards is set by slabs of the total amount due, from ₹500 to ₹1,250, instead of 30% of the minimum amount due within ₹500 to ₹1,000. It is charged when nothing, or less than the minimum amount due, is paid by the due date. Amex says the change brings the fee in line with RBI requirements and refers members to its updated MITC, effective 15 November, for the slabs. Amex's charge cards are not affected.
Verification: American Express ↗ · Confidence: High
50% renewal-fee waiver at ₹90,000 of spend withdrawn
100% waived at ₹1,50,000 of annual spend; 50% at ₹90,000–₹1,49,999→100% waived at ₹1,50,000 of annual spend; no 50% tier
From 15 November 2026 American Express withdraws the MRCC's 50% renewal-fee waiver, which halved the ₹4,500 (plus GST) renewal fee for a member who spent ₹90,000 to ₹1,49,999 in a card membership year. Amex's notice names only the 50% tier; the full waiver at ₹1.5 lakh of annual spend, which its MRCC page lists, is not mentioned. A member spending between ₹90,000 and ₹1.5 lakh a year now pays the full fee.
Verification: American Express ↗ · Confidence: High
- Issuer noticeObserved 29 Jul 2026 · Upcoming · effective 15 Nov 2026Axis Bank· 3 changes across 11 cards▼ Benefit
Complimentary memberships renew only if you opt in
Memberships renewed automatically each year→Renewed only with the cardholder's explicit consent
From 15 November 2026 the complimentary memberships attached to the card — the lifestyle, dining and travel programmes bundled with the annual fee — renew only if you actively consent. Axis says renewal details and consent options will be shared closer to each renewal date. Read it as a cost-control move: a benefit you have to remember to claim is a benefit fewer people claim, so if you value one of these memberships, watch for the consent prompt rather than assuming it rolls over.
▼ BenefitMovie offer now needs Rs 25,000 of spend in the previous 3 months
Movie offer available to every cardholder, no spend condition→Rs 25,000 of eligible spend in the preceding 3 calendar months
From 1 November 2026 the card's movie benefit becomes spend-gated: you need Rs 25,000 of eligible spend in the previous three calendar months to qualify. A newly issued card is exempt for its issuance month plus the following three calendar months — but an upgrade between variants does not count as a new card. Only settled transactions count, settlement can lag the transaction by up to five working days, and interest, fees, charges, reversals and refunds are all excluded. EMI transactions count only at the monthly instalment billed, not the full purchase value.
▼ LoungePriority Pass stops working at Indian domestic lounges
Priority Pass accepted at eligible Indian domestic lounges→Credit card + boarding pass only; Priority Pass domestic-invalid in India
From 28 August 2026 the Priority Pass card is no longer valid for entry to domestic airport lounges in India. Axis directs cardholders to present the credit card itself with the boarding pass at the lounge reception instead. The allowance is unchanged — this is an authentication change, not a cut — but it matters if you were spending Priority Pass visits domestically, because those visits now have to come from the card's own domestic allocation. One useful carve-out in Axis's own words: lounges at Indian international terminals AFTER immigration still count as international and can still be entered with Priority Pass.
Verification: Axis Bank ↗ · Confidence: High
Dynamic Currency Conversion fee removed
0.99% DCC fee→No DCC fee
The 0.99% fee ICICI has charged on this card since 15 January 2026 when a purchase abroad, or with a merchant registered abroad, is billed in rupees no longer applies from 10 November 2026. The Signature and Platinum MakeMyTrip cards keep the standard fee.
Verification: ICICI Bank ↗ · Confidence: High
Forex mark-up drops to zero
0.99%→0% (no mark-up)
From 10 November 2026 ICICI charges no foreign-currency mark-up on the MakeMyTrip ICICI card, down from 0.99%. The older MakeMyTrip ICICI Signature and Platinum cards are excluded. The same day international spends outside MakeMyTrip stop earning myCash, so a purchase abroad carries no ICICI mark-up and earns no myCash.
Verification: ICICI Bank ↗ · Confidence: High
International spends outside MakeMyTrip stop earning myCash
1% myCash→No myCash
From 10 November 2026 the card's terms list international spends outside MakeMyTrip as earning no rewards, where they earned 1% myCash, and the 1% on other MakeMyTrip spends becomes 1% on other domestic ones. It lands with the end of the forex mark-up: the 0.99% plus GST that goes is slightly more than the 1% myCash that goes with it.
Verification: ICICI Bank ↗ · Confidence: High
New myCash expires after 24 months
Never expires→24 months from credit
myCash earned from 10 November 2026 is valid for 24 months. myCash earned before that date keeps the rule it was earned under and never expires; until this revision the card's terms said all of it would never expire.
Verification: ICICI Bank ↗ · Confidence: High
District movie buy-one-get-one becomes spend-gated
Available to every cardholder each month→Requires ₹25,000 of spend in the previous 3 months
From 1 November 2026 the MyZone buy-one-get-one movie offer at District is no longer unconditional — Axis requires ₹25,000 of spend in the previous three calendar months to qualify. The bar is waived for the month a card is issued plus the following three calendar months, but an upgrade between variants does not count as a new issuance. Only settled transactions count, and interest, fees, charges, reversals and refunds are excluded. This turns the card's signature entertainment perk into a spend-conditional one, in the same shape as the lounge gate added in 2024.
Verification: Axis Bank ↗ · Confidence: High
- Issuer noticeEffective 27 Oct 2026American Express· 1 change across 7 cards◆ Eligibility
New supplementary card applications paused
Open to new applications→New applications paused
American Express pauses new Supplementary Card applications from 27 October 2026 while it moves its Indian cards to a new technology platform. An application filled in by 11:59 PM on 26 October is processed until 3 November. Amex calls the pause temporary and has not said when applications reopen. The pause covers new applications only.
Verification: American Express ↗ · Confidence: High
International earn cut to 2X
5X (5 RP/₹150, about 0.83%)→2X (2 RP/₹150, about 0.33%)
From 26 October 2026 international spends on the Ashva earn 2 reward points per ₹150 instead of 5, and they still count towards the ₹20,000 statement-cycle spend that unlocks the 10X rate. The cut lands on the day IDFC FIRST stops reward points on international spends on most of its other cards; the Ashva stays an exception in the bank's cardmember letter, at the lower rate its own page announces.
Verification: IDFC FIRST Bank ↗ · Confidence: High
- Issuer noticeObserved 9 Sept 2026 · Effective 26 Oct 2026IDFC FIRST Bank· 1 change across 9 cards▼ Reward
International spends stop earning reward points
Reward points on international spends at the card's own rate→No reward points on international spends
From 26 October 2026 IDFC FIRST Bank credit cards stop earning reward points on international spends, except the Ashva, Mayura, Gaj, FIRST Private, FIRST WOW!, FIRST WOW! Black and IndiGo cards. IDFC announced it in its 9 September 2026 letter to cardmembers, the same letter that removed the forex markup, so paying abroad still costs no markup but earns nothing. On the Classic, Millennia, Select and FIRST Wealth this ends the 10X rate on international spends.
Verification: IDFC FIRST Bank ↗ · Confidence: High
International spends cut to 1 BluChip per ₹100
3 BluChips per ₹100 (base rate)→1 BluChip per ₹100
From 26 October 2026 international purchases earn 1 IndiGo BluChip per ₹100, down from the card's 3-per-₹100 base: a two-thirds cut on exactly the spend its zero forex mark-up draws in. The zero mark-up itself is unchanged. IDFC announced it on the card's own page ahead of the date.
Verification: IDFC FIRST Bank ↗ · Confidence: High
Early-closure fee window widens to two years
₹499 + GST if closed within one year of activation→₹499 + GST if closed within two years of activation
From 23 October 2026 SBM charges its ₹499 + GST cancellation fee on an SBM ZET card closed within two years of activation, up from one year. The fee itself is unchanged, and the card still has no joining or annual fee, so a reader who builds a score and closes the card should plan on keeping it for two years.
Verification: SBM Bank India ↗ · Confidence: High
Late payment fee moves from ₹299 flat to 5% of the outstanding
₹299→5% of the total outstanding, minimum ₹50 and maximum ₹1,000
From 23 October 2026 the SBM ZET card's late payment fee changes from a flat ₹299 to 5% of the total outstanding, with a floor of ₹50 and a ceiling of ₹1,000, plus GST. It is cheaper than today on a balance below about ₹6,000 and dearer above it, reaching the ₹1,000 ceiling on a balance of ₹20,000 or more.
Verification: SBM Bank India ↗ · Confidence: High
- Issuer noticeEffective 20 Oct 2026American Express· 1 change across 2 cards▼ Benefit
Complimentary Ace by Times Prime membership ends
Complimentary Ace by Times Prime membership→No longer offered; current memberships run to the end of their term
American Express stops offering the complimentary Ace by Times Prime membership on the Centurion and Platinum Card from 20 October 2026. A membership already enrolled stays active until the end of its current term, and a newly approved member still waiting for a code receives it by 20 October. Amex links the change to the new technology platform its Indian cards move to on 15 November.
Applies to 2 cards
American Express Centurion Card · American Express Platinum Card
Verification: American Express ↗ · Confidence: High
Late payment charges raised
₹500 (₹1,001–5,000) · ₹1,000 (₹5,001–25,000) · ₹1,250 (over ₹25,000)→₹700 (₹1,001–5,000) · ₹1,000 / ₹1,100 / ₹1,200 (to ₹10,000 / ₹15,000 / ₹25,000) · ₹1,300 (over ₹25,000)
From 11 October 2026 BOBCARD raises the OneCard's late payment charges. When ₹1,001 to ₹5,000 is outstanding the charge goes from ₹500 to ₹700; the single ₹1,000 slab for ₹5,001 to ₹25,000 is split into ₹1,000 up to ₹10,000, ₹1,100 up to ₹15,000 and ₹1,200 up to ₹25,000; and above ₹25,000 it goes from ₹1,250 to ₹1,300. Balances up to ₹1,000 are unchanged, and the charge applies only when the minimum amount due is not paid by the due date.
Verification: BOBCARD ↗ · Confidence: High
Shopping 10% needs more than ₹15,000 of spend in the statement cycle
50 Jewels per ₹100 on every eligible purchase→5 Jewels per ₹100 instantly; 45 more only if cycle spend tops ₹15,000
From 5 October 2026 the 10% shopping rate (50 Jewels per ₹100) at Amazon, Flipkart and Jupiter's other named brands is paid in two parts. 5 Jewels per ₹100 are credited on every purchase; the other 45 are added at the end of the statement cycle only if total qualifying spend in that cycle is more than ₹15,000, and are cancelled if it is not. In a lighter cycle the named brands therefore earn 1%, the same as everyday spend. The caps of 1,000 Jewels a transaction, 3,000 a merchant and 10,000 a cycle, the 25 Jewels per ₹100 on Jupiter Flights and everyday earning are unchanged. The two issuer-side documents disagree on the start date: CSB Bank's card terms date the new table from 5 October 2026 ("Applicable 05th October, 2026 onwards"), while Jupiter's own terms page gives 10 October ("Applicable till 09th October, 2026" for the old table). This record follows CSB, the issuer; a statement from the first days of October may still show the old rate.
Verification: CSB Bank ↗ · Confidence: High
- Bank-wide changeEffective 1 Oct 2026AU Small Finance Bank· 1 change across 6 cards▼ Fee
Fuel surcharge waiver cap cut from ₹150 to ₹100 a month
1% waiver, capped at ₹100 per statement month
From 1 October 2026 the Altura Plus's 1% fuel surcharge waiver (on fills of ₹400 to ₹5,000) is capped at ₹100 per statement month, down from ₹150, so the most it can save in a year falls from ₹1,800 to ₹1,200. AU announced it on the card's own page ("Effective 1st October 2026, Fuel Surcharge Waiver will be up to ₹100 per statement cycle") and moved the card into the ₹100 row of its MITC dated 30 September 2026.
Verification: AU Small Finance Bank ↗ · Confidence: High
- Bank-wide changeEffective 1 Oct 2026AU Small Finance Bank· 1 change across 2 cards▼ Fee
Forex markup raised from 1.99% to 3.49%
3.49% on international transactions
From 1 October 2026 AU raised the Zenith's cross-currency markup from 1.99% to 3.49%, so an international spend now costs about 4.1% on top once GST is added. AU announced it on the card's own page ("Effective 1st October 2026, Forex Markup will be revised from 1.99% to 3.49% for your international transactions") and moved the card into its 3.49% group in the Key Fact Statement v1.9 and the MITC dated 30 September 2026; the July 2026 editions still listed it at 1.99%.
Applies to 2 cards
Verification: AU Small Finance Bank ↗ · Confidence: High
- Bank-wide changeEffective 1 Oct 2026AU Small Finance Bank· 1 change across 2 cards▼ Lounge
Domestic lounge visits now need ₹50,000 of spend in the quarter before
2 complimentary domestic airport lounge visits per quarter on a purchase-active card→2 visits per quarter, only after ₹50,000 of spend in the previous calendar quarter
From 1 October 2026 the AU CA card's two complimentary domestic airport lounge visits a quarter follow the spend gate AU has applied to its other cards since 10 April 2026: they need net retail spend of ₹50,000 or more on the card in the previous calendar quarter, so the October to December visits depend on July to September spend. Until then a purchase-active card was enough. AU's airport lounge terms, issued on 30 September 2026, revise the condition "(for CA & CS from 1st Oct 2026)". The card is open only to Chartered Accountants.
Applies to 2 cards
Verification: AU Small Finance Bank ↗ · Confidence: High
Domestic lounge access gated behind ₹1L of spend in the previous quarter
2 complimentary domestic visits per calendar quarter, unconditional→2 per quarter only if ₹1,00,000 of eligible spend in the preceding calendar quarter
From 1 October 2026 the card's two complimentary domestic airport lounge visits per calendar quarter stop being unconditional: a member has to have spent ₹1 lakh or more in eligible transactions during the preceding calendar quarter to get them in the next one. Amex is easing the first quarter in — for October–December 2026 the bar is ₹70,000 of spend across July–September 2026 rather than ₹1 lakh. The allowance itself is unchanged at up to 8 visits a year; what changed is that lumpy spenders now lose whole quarters, since the ₹1 lakh has to land inside one quarter and does not carry over. A member pacing evenly toward the ₹4 lakh milestone clears the bar automatically; one who front-loads a year of spend does not.
Verification: CardAdvisor Research · Confidence: High
Excluded categories stop counting toward the Rs 3 lakh milestone bar
All spend counted toward the Rs 3 lakh anniversary threshold→Nine excluded merchant categories no longer count toward it
The Select's Rs 3 lakh anniversary-year milestone — which unlocks 6 extra international lounge visits, 6 extra golf rounds and the following year's Priority Pass renewal — keeps its benefits and its threshold, but narrows what counts toward it. From 1 October 2026 spend in the categories that already earn no reward points stops contributing: insurance, rent, fuel, educational services, utilities and telecom, wallet loads, gold and jewellery, government services and gift cards. If a meaningful slice of your Rs 3 lakh came from rent or utilities, the bar is now materially harder than the headline number suggests.
Verification: Axis Bank ↗ · Confidence: High
- Issuer noticeEffective 30 Sept 2026American Express· 1 change across 5 cards▼ Reward
Reward Multiplier discontinued; ShopWise e-vouchers keep their bonus
Bonus points on Reward Multiplier brand links and on ShopWise e-vouchers→Bonus points on ShopWise e-vouchers only (capped at 25,000 bonus points a month)
American Express is ending its Reward Multiplier programme on 30 September 2026. Bonus points on purchases made through Amex's links to individual brands, such as Apple, Myntra, Nykaa and MakeMyTrip flights and hotels, end with it; purchases made up to 11:59 PM on 29 September still earn under the old terms. Bonus points on e-vouchers continue through ShopWise, which Amex now runs as a separate platform, at the card's existing ShopWise rate and capped at 25,000 bonus points a month. Base earn and the value of a Membership Rewards point do not change.
Verification: American Express ↗ · Confidence: High
- Issuer noticeEffective 23 Sept 2026SBI Card· 1 change across 3 cards▼ Transfer
Air France-KLM Flying Blue removed as a transfer partner
Flying Blue at 1:1; 17 airline partners + 8 hotel partners (25 total)→Flying Blue removed; 16 airline partners + 8 hotel partners (24 total)
SBI dropped Air France-KLM Flying Blue from the MILES-family transfer table with no customer notice we could find. The archived copy of 4 August 2026 lists it as airline row 4 at 1:1; the PDF SBI re-issued on 23 September 2026 does not mention Flying Blue, Air France or KLM anywhere and lists 16 airlines. The change therefore lands between 4 August and 23 September 2026, dated here to the day the new PDF was created. Hotel partners are untouched at 8 and no other ratio moved. Applies identically to MILES, MILES PRIME and Miles Elite, because SBI publishes one transfer table for all three. Aeroplan, British Airways, Cathay and Qantas remain at 1:1 for the same kind of long-haul redemption.
Applies to 3 cards
SBI Card MILES · SBI Card Miles Elite · SBI Card MILES PRIME
Verification: SBI Card ↗ · Confidence: Reconstructed
- Issuer noticeEffective 22 Sept 2026Axis Bank· 4 changes across 10 cards▲ Transfer
Accor ALL returns as a transfer partner, in Group A
Accor ALL unavailable since 2 April 2026→Accor ALL back, in Group A
Accor Live Limitless is back in the EDGE transfer table, almost six months after Axis removed it on 2 April 2026. It returns in Group A, so it shares the smaller annual cap, and on several cards at a less generous ratio than the card gives its airline partners; the Atlas, for instance, moves 2 EDGE Miles into 1 Accor point where most of its airlines get 1 into 2. Check the card's own transfer table before planning a large transfer.
Applies to 10 cards
Axis Bank Atlas Credit Card · Axis Bank Burgundy Private Credit Card · Axis Bank Horizon Credit Card · Axis Bank Magnus Credit Card · Axis Bank Olympus Credit Card · Axis Bank Privilege Credit Card · Axis Bank Reserve Credit Card · Axis Bank Rewards Credit Card · Axis Bank Select Credit Card · IndianOil Axis Bank Premium Credit Card
▲ TransferCathay Asia Miles, Lufthansa Miles & More and Hilton Honors added
None of the three available→Asia Miles in Group A; Miles & More and Hilton Honors in Group B
Three new programmes joined the EDGE transfer table in the same overnight change. Cathay Pacific Asia Miles sits in Group A with the smaller annual cap; Lufthansa Miles & More and Hilton Honors sit in Group B with the larger one. Ratios vary by card.
Applies to 10 cards
Axis Bank Atlas Credit Card · Axis Bank Burgundy Private Credit Card · Axis Bank Horizon Credit Card · Axis Bank Magnus Credit Card · Axis Bank Olympus Credit Card · Axis Bank Privilege Credit Card · Axis Bank Reserve Credit Card · Axis Bank Rewards Credit Card · Axis Bank Select Credit Card · IndianOil Axis Bank Premium Credit Card
▼ TransferClub ITC removed as a transfer partner
Club ITC available→Club ITC removed
Axis dropped Club ITC from its EDGE transfer table in the same overnight change. It had been one of the better-value hotel routes left after the April 2026 cut, since ITC points redeem against stays and dining at ITC hotels in India.
Applies to 10 cards
Axis Bank Atlas Credit Card · Axis Bank Burgundy Private Credit Card · Axis Bank Horizon Credit Card · Axis Bank Magnus Credit Card · Axis Bank Olympus Credit Card · Axis Bank Privilege Credit Card · Axis Bank Reserve Credit Card · Axis Bank Rewards Credit Card · Axis Bank Select Credit Card · IndianOil Axis Bank Premium Credit Card
▼ TransferFlying Blue, Air India and Qantas moved into the smaller Group A transfer cap
Group B (the larger annual transfer allowance)→Group A (a quarter of the Group B allowance); ratios unchanged
Axis moved Air France-KLM Flying Blue, Air India Maharaja Club and Qantas Frequent Flyer from Group B to Group A of its EDGE transfer partners, overnight and without notice. The conversion ratios did not change, but Group A carries a quarter of the Group B annual allowance, so far fewer points can reach these three programmes each year. On the Atlas, for example, the most that can go to Air India in a calendar year falls from 1,20,000 EDGE Miles to 30,000.
Applies to 10 cards
Axis Bank Atlas Credit Card · Axis Bank Burgundy Private Credit Card · Axis Bank Horizon Credit Card · Axis Bank Magnus Credit Card · Axis Bank Olympus Credit Card · Axis Bank Privilege Credit Card · Axis Bank Reserve Credit Card · Axis Bank Rewards Credit Card · Axis Bank Select Credit Card · IndianOil Axis Bank Premium Credit Card
Verification: Axis Bank ↗ · Confidence: High
Tolls stop earning Uni Coins; public transport and insurance earn only up to a monthly limit
Tolls, public transport and insurance earned Uni Coins like other eligible spends→Tolls earn nothing; public transport earns on up to ₹20,000 and insurance on up to ₹50,000 of spend a month
From 19 September 2026, BOBCARD's MITC stops Uni Coins on tolls and bridge and road fees (MCC 4784), and pays them on public transport (MCC 4111, 4112 and 4131) only for the first ₹20,000 of spend a month and on insurance premiums (MCC 6300 and 5960) only for the first ₹50,000. Everyday spends still earn 1%.
Verification: BOBCARD ↗ · Confidence: High
Genie drops out of the 10% Swiggy cashback
Food ordering, Instamart, Genie and Dineout→Food ordering, Instamart and Dineout
HDFC's revised card T&C, published 18 September 2026, lists the 10% as "Swiggy App (Food ordering, Instamart & Dineout)" in §2.2. The April 2026 version read "Food ordering, Instamart, Genie & Dineout", so Genie parcel deliveries no longer earn the 10%. Caps and the ₹249 minimum are unchanged.
Verification: HDFC Bank ↗ · Confidence: High
- ▼ MilestoneObserved 10 Aug 2026 · Effective 10 Sept 2026American Express Platinum Travel Credit Card
Second milestone cut in six months — ₹1.9L tier deleted, ₹7L points traded for a bigger Taj card
₹1.9L→7,500 MR; ₹4L→10,000 MR; ₹7L→22,500 MR + ₹10,000 Taj voucher→₹1.9L→nothing; ₹4L→10,000 MR; ₹7L→₹20,000 Taj Experiences e-Gift Card, no points
From 10 September 2026 the ₹1.9 lakh milestone stops paying its 7,500 bonus Membership Rewards points altogether, and the ₹7 lakh milestone drops its 22,500 bonus points in exchange for doubling the Taj Experiences e-Gift Card from ₹10,000 to ₹20,000. The ₹4 lakh tier and its 10,000 points are untouched. Cumulatively a member who spends ₹7 lakh goes from 40,000 milestone points plus a ₹10,000 Taj voucher to 10,000 points plus a ₹20,000 Taj card — at this card's conservative ₹0.50/point that is roughly ₹30,000 of milestone value down to ₹25,000, and the loss is worse below ₹7 lakh because the entry tier now pays nothing at all. The bigger change is in kind rather than in size: 22,500 Membership Rewards points could transfer to Marriott Bonvoy or KrisFlyer, while a Taj e-Gift Card is only worth its face value to someone who was going to spend ₹20,000 at Taj anyway. This is the second devaluation of the same ladder in six months, after the 9 March 2026 restructure.
Verification: CardAdvisor Research · Confidence: High
- Issuer noticeEffective 9 Sept 2026IDFC FIRST Bank· 1 change across 14 cards▲ Fee
Forex markup removed
1% to 3.5%, depending on the card→0% (nil)
IDFC FIRST Bank stopped charging a markup on foreign-currency spends on all its credit cards from 9 September 2026, the effective date its letter to cardmembers gives. Its Key Fact Statement dated 15 September 2026 lists the markup on foreign-currency and currency-conversion transactions as nil, with no card-by-card exception, where the January 2026 edition charged 3.5% on most cards and less on a few (1.99% on the FIRST Select, 1.5% on the FIRST Wealth, 1.49% on the IndiGo card and 1% on the Ashva). The same letter says international spends stop earning reward points from 26 October 2026 on most IDFC FIRST cards; that is recorded as its own change.
Applies to 14 cards
IDFC FIRST Ashva Credit Card · IDFC FIRST Classic Credit Card · IDFC FIRST Digital RuPay Credit Card · IDFC FIRST EA₹N Credit Card · IDFC FIRST Hello Cashback Credit Card · IDFC FIRST HPCL Power+ Credit Card · IDFC FIRST Millennia Credit Card · IDFC FIRST Power Credit Card · IDFC FIRST Select Credit Card · IDFC FIRST SWYP Credit Card · IDFC FIRST Wealth Credit Card · IndiGo IDFC FIRST Credit Card · LIC Classic Credit Card · LIC Select Credit Card
Verification: IDFC FIRST Bank ↗ · Confidence: High
Axis Bank becomes a third issuer, on Mastercard and RuPay
On 3 September 2026 Scapia and Axis Bank launched the Scapia Axis Bank Credit Card, making Axis the third bank to issue the card after Federal Bank and BOBCARD. Axis issues the main card on Mastercard rather than Visa, with a RuPay edition for UPI. The headline terms match the other two banks: no joining or annual fee, zero forex markup, 10% in Scapia Coins on the main card and 5% on the RuPay edition, 20% on flights, hotels and buses booked in the Scapia app, and unlimited domestic lounges once ₹20,000 is spent in a billing cycle. Cards already issued by Federal Bank and BOBCARD are unaffected.
Verification: Axis Bank ↗ · Confidence: High
Standalone fee doubles to ₹1,00,000 for holders below the ₹5 crore relationship bar
₹50,000 + GST→₹1,00,000 + GST
Axis's customer notice states that from 1 September 2026 a revised annual fee of ₹1 lakh plus GST applies to the Burgundy Private - The One Card where total relationship value falls below ₹5 crore, doubling it from ₹50,000. The fee stays nil for clients who hold the relationship, so this bites only on the way out of the tier. Axis's own documents already disagree ahead of the date: the MITC prints ₹1,00,000 for both joining and annual fee today, while the Key Fact Sheet still prints ₹50,000. This is a separate date from the 28 August 2026 T&C batch and should not be folded into it.
Verification: Axis Bank ↗ · Confidence: High
Card phased out: holders move to Swiggy Ornge or Swiggy BLCK
HDFC is phasing the Swiggy HDFC Bank Credit Card out for every holder, with notices going out in phases until March 2027. Holders choose the Swiggy BLCK card (10% on Swiggy, ₹1,000 a year, first year free for a holder who pays a fee now) or the Swiggy Ornge card (5% on Swiggy, lifetime free for every moved holder); a holder who does not respond is moved to Ornge after at least 30 days' notice. The fee anniversary restarts and the card number changes, and the old card stops at the first use of the new one, after 60 days, or at its expiry. HDFC's own files date the process to September (migration terms dated 18-09-2026, both FAQs published on 30 September 2026); the exact start is not published. Rated a devaluation because both routes cost a heavy Swiggy user: the default halves the Swiggy rate, and the route that keeps 10% costs ₹1,000 a year.
Verification: HDFC Bank ↗ · Confidence: Reconstructed
3-month Swiggy One welcome membership ends
Complimentary 3-month Swiggy One membership on activating the card within 30 days, alongside 12-month Times Prime→Swiggy One offer ended; 12-month Times Prime remains
HSBC's introductory offer of a complimentary 3-month Swiggy One membership, for primary cardholders who activated the card within 30 days of issuance, ran from 15 September 2025 to 31 August 2026 and has not been extended: HSBC's product page no longer lists it. The 12-month Times Prime subscription is unaffected.
Verification: HSBC India ↗ · Confidence: High
1% fee on education payments through third-party apps
No fee→1% of the transaction amount
BOBCARD's Key Fact Statement for the OneCard adds an education transaction fee of 1% of the amount on education payments made through third-party apps, applicable from 29 August 2026. The fee is listed for third-party apps only.
Verification: BOBCARD ↗ · Confidence: High
Bills and utilities stop earning reward points
1 point per ₹50, eligible for 5X→No reward points and no 5X
From 29 August 2026 BOBCARD's terms for the OneCard stop reward points on bills and utilities, and those payments no longer count towards the 5X on your top two categories either. Until then they earned the base 1 point per ₹50 and could earn 5X, within a 25,000-point ceiling on 5X shared with education and insurance. Phone, electricity and other bill payments made with the card now earn nothing.
Verification: BOBCARD ↗ · Confidence: High
- Issuer noticeObserved 29 Jul 2026 · Effective 28 Aug 2026Axis Bank· 3 changes across 32 cards▼ Fee
Dynamic currency conversion markup more than doubles to 3.5%
1.5% + GST→3.5% + GST
Axis Bank raised the dynamic currency conversion mark-up from 1.5% to 3.5% plus GST. DCC applies when an overseas merchant offers to bill you in rupees instead of the local currency, and it stacks on top of the usual foreign-currency mark-up. Declining the rupee option at the terminal and paying in the local currency avoids the charge entirely.
Applies to 28 cards
Axis Bank ACE Credit Card · Axis Bank Airtel Credit Card · Axis Bank Atlas Credit Card · Axis Bank Cashback Credit Card · Axis Bank Flipkart Credit Card · Axis Bank Freecharge Credit Card · Axis Bank Freecharge Plus Credit Card · Axis Bank Horizon Credit Card · Axis Bank MyZone Credit Card · Axis Bank Neo Credit Card · Axis Bank Privilege Credit Card · Axis Bank Rewards Credit Card · Axis Bank Select Credit Card · Axis Bank Shoppers Stop Credit Card · Axis Bank SUPERMONEY RuPay Credit Card · Fibe Axis Bank Credit Card · Flipkart Axis Bank Super Elite Credit Card · Google Pay Flex Axis Bank Credit Card · IndianOil Axis Bank Credit Card · IndianOil Axis Bank Premium Credit Card · IndiGo Axis Bank Credit Card · LIC Axis Bank Signature Credit Card · Miles & More Axis Bank World Credit Card · Miles & More Axis Bank World Select Credit Card · Samsung Axis Bank Infinite Credit Card · Samsung Axis Bank Signature Credit Card · SpiceJet Axis Bank Voyage Black Credit Card · SpiceJet Axis Bank Voyage Credit Card
▼ FeeNew top late-payment slab of Rs 1,300 above Rs 50,000
Rs 1,200 on any total payment due above Rs 10,000→Rs 1,200 from Rs 10,001 to Rs 50,000; Rs 1,300 above Rs 50,000
Axis Bank added a fifth late-payment slab. Everything up to Rs 50,000 is unchanged, but a total payment due of more than Rs 50,000 now attracts Rs 1,300 instead of Rs 1,200. The same notice fixes the order in which a payment is applied to the outstanding: fees and charges including taxes first, then EMIs, interest, purchases and cash advances.
Applies to 32 cards
Axis Bank ACE Credit Card · Axis Bank Airtel Credit Card · Axis Bank Atlas Credit Card · Axis Bank Cashback Credit Card · Axis Bank Flipkart Credit Card · Axis Bank Freecharge Credit Card · Axis Bank Freecharge Plus Credit Card · Axis Bank Horizon Credit Card · Axis Bank Magnus Credit Card · Axis Bank MyZone Credit Card · Axis Bank Neo Credit Card · Axis Bank Olympus Credit Card · Axis Bank Privilege Credit Card · Axis Bank Reserve Credit Card · Axis Bank Rewards Credit Card · Axis Bank Select Credit Card · Axis Bank Shoppers Stop Credit Card · Axis Bank SUPERMONEY RuPay Credit Card · Fibe Axis Bank Credit Card · Flipkart Axis Bank Super Elite Credit Card · Google Pay Flex Axis Bank Credit Card · IndianOil Axis Bank Credit Card · IndianOil Axis Bank Premium Credit Card · IndiGo Axis Bank Credit Card · IndiGo Axis Bank Premium Credit Card · LIC Axis Bank Signature Credit Card · Miles & More Axis Bank World Credit Card · Miles & More Axis Bank World Select Credit Card · Samsung Axis Bank Infinite Credit Card · Samsung Axis Bank Signature Credit Card · SpiceJet Axis Bank Voyage Black Credit Card · SpiceJet Axis Bank Voyage Credit Card
▼ RewardTolls and road fees stop earning rewards; gift cards split into their own category
Bridge fees, road fees and tolls earned at the normal rate→No rewards or cashback on bridge fees, road fees and tolls
Axis Bank added bridge fees, road fees and tolls to the spends that earn nothing. Separately, gift card purchases move out of the Wallet spend category into a new Gift Card category; they already earned no rewards, and they continue to be excluded from spend-based fee waivers and milestone thresholds.
Applies to 32 cards
Axis Bank ACE Credit Card · Axis Bank Airtel Credit Card · Axis Bank Atlas Credit Card · Axis Bank Cashback Credit Card · Axis Bank Flipkart Credit Card · Axis Bank Freecharge Credit Card · Axis Bank Freecharge Plus Credit Card · Axis Bank Horizon Credit Card · Axis Bank Magnus Credit Card · Axis Bank MyZone Credit Card · Axis Bank Neo Credit Card · Axis Bank Olympus Credit Card · Axis Bank Privilege Credit Card · Axis Bank Reserve Credit Card · Axis Bank Rewards Credit Card · Axis Bank Select Credit Card · Axis Bank Shoppers Stop Credit Card · Axis Bank SUPERMONEY RuPay Credit Card · Fibe Axis Bank Credit Card · Flipkart Axis Bank Super Elite Credit Card · Google Pay Flex Axis Bank Credit Card · IndianOil Axis Bank Credit Card · IndianOil Axis Bank Premium Credit Card · IndiGo Axis Bank Credit Card · IndiGo Axis Bank Premium Credit Card · LIC Axis Bank Signature Credit Card · Miles & More Axis Bank World Credit Card · Miles & More Axis Bank World Select Credit Card · Samsung Axis Bank Infinite Credit Card · Samsung Axis Bank Signature Credit Card · SpiceJet Axis Bank Voyage Black Credit Card · SpiceJet Axis Bank Voyage Credit Card
Verification: Axis Bank ↗ · Confidence: High
- Bank-wide changeObserved 29 Jul 2026 · Effective 28 Aug 2026Axis Bank· 1 change across 2 cards▼ Fee
Dynamic currency conversion markup rises to 2%
1.5% + GST
Axis raised the dynamic currency conversion mark-up on the Magnus from 1.5% to 2% plus GST — not to the 3.5% it applied across most of the portfolio. DCC applies when an overseas merchant offers to bill you in rupees instead of the local currency, and it stacks on top of the usual foreign-currency mark-up. Declining the rupee option at the terminal avoids it entirely.
Applies to 2 cards
Axis Bank Magnus Credit Card · Axis Bank Olympus Credit Card
Verification: Axis Bank ↗ · Confidence: High
Dynamic currency conversion markup rises to 2.5%
1.5% + GST→2.5% + GST
Axis raised the dynamic currency conversion mark-up on the IndiGo Premium from 1.5% to 2.5% plus GST, not to the 3.5% it applied across most of its portfolio. DCC applies when an overseas merchant offers to bill you in rupees instead of the local currency, and it stacks on top of the usual foreign-currency mark-up. Declining the rupee option at the terminal avoids it entirely.
Verification: Axis Bank ↗ · Confidence: High
- Bank-wide changeEffective 13 Aug 2026SBI Card· 1 change across 3 cards▼ Transfer
Etihad Guest removed as a transfer partner
Etihad Guest at 1:1; 18 airline partners + 8 hotel partners (26 total)→Etihad Guest removed; 17 airline partners + 8 hotel partners (25 total)
SBI retired Etihad Guest from the MILES-family transfer table with no customer notice we could find. Pinned on both sides: the Wayback capture of 4 Aug 2026 still lists it as airline row 8, "Etihad Airways / Etihad Guest / 1:1", among 18 airlines, while the live PDF read on 15 Aug 2026 contains the string "Etihad" zero times across all seven pages and lists 17. The change therefore lands between 4 and 13 August 2026, narrower than the 30 Jul–13 Aug window first recorded. Hotel partners are untouched at 8 and no other ratio moved. Applies identically to MILES, MILES PRIME and Miles Elite — SBI publishes one transfer table with no per-card qualifier; the three differ in earn rate only. WARNING FOR ANYONE RE-READING THE RAW DIFF: its excerpts appear to say Cathay Pacific was removed. That is an artefact of the renumbering (old rows 9-18 became 8-17) mis-pairing chunks — Cathay is still row 7 and still transfers at 1:1.
Applies to 3 cards
SBI Card MILES · SBI Card Miles Elite · SBI Card MILES PRIME
Verification: SBI Card ↗ · Confidence: High
CRED UPI Scan & Pay cap removed
1%, capped at 500 CRED Points a statement cycle→1%, no cap
From 11 August 2026 IndusInd stopped capping the 1% CRED Reward Points on CRED UPI Scan & Pay, which had stopped at 500 CRED Points a statement cycle. The same revision dropped the note that Scan & Pay done outside CRED earns nothing; the card page now pays 1% on all other transactions. The 5% on e-commerce, CRED Pay, Store, Travel and CRED UPI online payments, and its 5,000-point cap, are unchanged.
Verification: IndusInd Bank ↗ · Confidence: High
How this is built
Every entry is authored from primary sources — issuer terms & conditions, MITC documents, pricing notices and product pages — and carries its own verification link. We never source our own site for history: the trigger for an entry is always a real-world change, never an edit to our data. The record spans 792 distinct changes across 280 active cards, and the same timeline appears on each card’s page alongside its full review. Where a bank published no document, the entry is marked CardAdvisor Research and verified against the card’s current terms; reconstructed dates are labelled as such.
Independent, no paid placements. Free to cite with attribution — this record is published as an open dataset (JSON and CSV downloads), alongside the card facts, at /data.
Cite this
Writing about this? Copy the HTML version — it credits the record with a working link. Plain text is for print, decks and PDFs.
Source: <a href="https://cardadvisor.in/changes">India credit card changes tracker</a>, CardAdvisor (CC BY 4.0).