Axis Bank's 29 July notice stopped being a notice this week and became the terms on the card. Five distinct changes took effect on Thursday 28 August across the Axis portfolio, none of them large on its own and all of them the kind that show up on a statement before they show up in a review. Nothing else on the record took effect this week, but the week closed with a fee doubling three days out and an Amex milestone cut eleven days out, both already announced.
What took effect this week
Dynamic currency conversion more than doubled. The DCC mark-up — charged when an overseas merchant offers to bill you in rupees and you accept — rose from 1.5% to 3.5% plus GST on most Axis cards. Axis carved the top of the range out: the Magnus went to 2%, the Olympus to 1.8%, and the Reserve, Primus and Burgundy Private notices carry no DCC clause at all. The charge sits on top of the card's ordinary foreign-currency mark-up, and it is entirely avoidable: pay in the local currency and it never applies. The practical change is that accepting rupee billing on a mid-tier Axis card is now a 3.5% mistake rather than a 1.5% one.
Tolls stopped earning, and gift cards became a category of their own. Bridge fees, road fees and tolls joined the list of spends that earn nothing. Gift card purchases moved out of the wallet category into a new gift-card category; they already earned no rewards, and they stay outside spend-based fee waivers and milestone thresholds. We had applied both exclusions to the card records on 25 August, three days ahead of the date, on the owner's instruction — the prose was already right on the 28th, and no reward figure moved in either direction because the engine does not price toll spend.
A fifth late-payment slab. Everything up to ₹50,000 of total due is unchanged; above ₹50,000 the late-payment charge is now ₹1,300 instead of ₹1,200. The same notice fixes the order a payment is applied to the outstanding balance: fees and charges first, then EMIs, interest, purchases and cash advances. The Burgundy Private and Primus are outside this clause.
Priority Pass stopped opening Indian domestic lounges. On the Magnus, Olympus, Primus, Reserve, Burgundy Private, Select and Samsung Infinite, the Priority Pass card is no longer accepted at domestic lounges in India from 28 August. You present the credit card itself with a boarding pass, and the visit draws on the card's own domestic allowance. Axis is explicit that the allowance is unchanged — this is an authentication change, not a cut — and equally explicit about the carve-out: lounges after immigration at Indian international terminals still count as international and still take Priority Pass. Where it bites is a holder who had been spending Priority Pass visits domestically to preserve the card's own quota; that route is closed.
Every one of these rows carries Axis's own per-card revision PDF as its source. Where a card's own notice does not carry a clause, the card is left out of that row rather than assumed in — the three Priority Pass cards whose notices do not resolve (both Miles & More cards and the IndiGo Premium) are deliberately not asserted.
The record for this week: dates, before and after, sources
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
- Issuer noticeObserved 29 Jul 2026 · Effective 28 Aug 2026Axis Bank· 1 change across 7 cards▼ Lounge
Priority 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
- 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
Announced, taking effect later
Two of the scheduled changes on the record at the end of this week matter more than anything that took effect in it.
Axis Burgundy Private, 1 September. The standalone annual fee doubles from ₹50,000 to ₹1,00,000 plus GST for holders whose total relationship value sits below ₹5 crore. It stays nil above the bar, so this bites on the way out of the tier, not on the way in. Axis's own documents already disagreed ahead of the date — the MITC printed ₹1,00,000 while the Key Fact Sheet still printed ₹50,000 — and we followed the notice.
American Express Platinum Travel, 10 September. The second cut to the same milestone ladder in six months: the ₹1.9 lakh tier stops paying its 7,500 bonus points altogether, and the ₹7 lakh tier trades 22,500 points for a Taj e-Gift Card doubled to ₹20,000. This one is sourced from the cardmember e-mail as reported by two specialist publishers rather than from an Amex document — Amex's product page still showed the old ladder — and the row says so. Amex has paused new applications across its India line-up, so this is a change for existing holders only.
Further out, three Axis benefit gates from the same 29 July batch land in October and November: the Select's ₹3 lakh milestone stops counting excluded categories from 1 October, the movie offer on four cards and the MyZone's District buy-one-get-one become spend-gated from 1 November, and complimentary memberships on six premium cards renew only with consent from 15 November.
Everything scheduled as this week ended, soonest first
Dates are the issuer’s effective dates; the calendar feed carries the same dates.
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
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
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
- 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
- ▼ 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
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
- 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
- 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 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
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
- 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
Catalogue: re-read against the issuer this week
- All 46 SBI cards, against SBI's own booklet index. SBI's digitised membership-kit page tags every booklet with the card it belongs to, and hashing the 35 booklets we could resolve showed no two cards share a file. Eight records changed: SBI Card Paytm and Paytm Select now exclude government and rent spend, as their booklet's MCC table says; BPCL SBI Card excludes rent, as its sibling Octane already did; and Aurum, Elite, Pulse, Prime and SimplySAVE exclude online gaming, per SBI's October 2024 card list. The Doctor's cards' 0% deductible is confirmed from SBI's document.
- HDFC Diners Club Black, against HDFC's MITC (version 4.6, August 2026). Section K settles the lounge mechanism in the bank's words: the card is swiped at the lounge terminal, with ₹2 debited and reversed to confirm the visit. Priority Pass is named in that document for the Infinia and never for the Diners Black; our record had said as much, and now cites the document.
- Every Axis card, against Axis's Priority Pass list and its own T&Cs. Axis's support-page list of Priority Pass-eligible cards turned out to be incomplete — it omits the Olympus, which verifiably carries the membership — so it proves nothing on its own. The Atlas was re-verified against its own T&C instead: no Priority Pass, the card is the credential domestically and internationally, and the document confirms our tier table. The Magnus RuPay variant's stale record was fixed in the same pass.
- American Express, all six India cards. Amex closed the Platinum Charge and Platinum Reserve again, the last two cards it was still sourcing, so the whole India line-up is now paused for new applicants. Verified from the notice on all six product pages on 29 August. Thirteen reader-facing surfaces that had pointed at the Reserve as the way in were corrected.
- Amex → Virgin Atlantic transfer ratio corrected to 5:4 from an outdated 2:1 on both Membership Rewards cards.
How to read this
Dates on every row are the issuer's effective dates; where the record knows when we observed a change, that date is shown separately. Sources are linked on each row, and the provenance tier says whether the source is the issuer's own document or a specialist publisher's report.
A quiet week here is a statement about our record, not about the market. The tracker's document intake is uneven — some issuers' documents cannot be fetched at all, and a share of the catalogue has no document source yet — so a change we have not recorded may well exist. If you know of one, the suggest form reaches the editor directly, and the full ledger is at /changes.
Cite this
Every row referenced above is in the open change record (https://cardadvisor.in/changes), dated and sourced. The write-up is a dated document and is not edited after publication; later corrections go on the corrections page.
Source: <a href="https://cardadvisor.in/press/credit-card-changes-2026-w35">Indian credit card changes, 24 Aug – 30 Aug 2026</a>, CardAdvisor (CC BY 4.0).
I have spent over a decade on Indian credit cards, mostly for the points and miles. I am a software engineer by profession, I hold and use the cards I write about, and I redeem through airline and hotel transfer partners: Avios, KrisFlyer, Flying Blue, Air India Maharaja Club, Accor ALL, Marriott Bonvoy and Taj. What I write about is what a card is actually worth after the fine print, the caps and exclusions that decide the real return, and the changes issuers make quietly. No paid placements.
Frequently asked questions
What changed on Axis Bank credit cards on 28 August 2026?
Does the Priority Pass change reduce my lounge visits?
How do I avoid the higher dynamic currency conversion charge?
Written from the issuer’s own documents and our dated change record. The full ledger → · How we work →