Credit Card Changes, 28 September–4 October 2026: AU raises its forex markup

1. 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.

   Applies to 6 cards

   AU Altura Plus Credit Card · AU Bank Vetta Credit Card · AU Bank Xcite Credit Card · AU Xcite Ace Credit Card · AU Xcite Ultra Credit Card · AU Zenith Credit Card

   Verification: AU Small Finance Bank ↗ · Confidence: High

2. 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

   AU Bank Vetta Credit Card · AU Zenith Credit Card

   Verification: AU Small Finance Bank ↗ · Confidence: High

3. 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

   AU CA Credit Card · AU CS Credit Card

   Verification: AU Small Finance Bank ↗ · Confidence: High

4. ▼ LoungeObserved 10 Aug 2026 · Effective 1 Oct 2026American Express Platinum Travel Credit Card

   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

5. ▼ MilestoneObserved 29 Jul 2026 · Effective 1 Oct 2026Axis Bank Select Credit Card

   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

6. 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.

   Applies to 5 cards

   American Express Centurion Card · American Express Gold Card · American Express Platinum Card · American Express Platinum Reserve Credit Card · American Express Platinum Travel Credit Card

   Verification: American Express ↗ · Confidence: High

Dates are the issuer’s effective dates; the calendar feed carries the same dates.

1. ▼ RewardEffective 5 Oct 2026Jupiter Edge+ CSB Bank RuPay Credit Card

   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

2. ▼ FeeEffective 11 Oct 2026OneCard Credit Card

   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

3. Issuer noticeUpcoming · effective 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

4. ▼ FeeUpcoming · effective 23 Oct 2026SBM ZET Credit Card

   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

5. ◆ FeeUpcoming · effective 23 Oct 2026SBM ZET Credit Card

   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

6. Issuer noticeObserved 9 Sept 2026 · Upcoming · 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.

   Applies to 9 cards

   IDFC FIRST Classic 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 · LIC Classic Credit Card · LIC Select Credit Card

   Verification: IDFC FIRST Bank ↗ · Confidence: High

7. Issuer noticeUpcoming · effective 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.

   Applies to 7 cards

   American Express Centurion Card · American Express Gold Card · American Express Membership Rewards Credit Card · American Express Platinum Card · American Express Platinum Reserve Credit Card · American Express Platinum Travel Credit Card · American Express SmartEarn Credit Card

   Verification: American Express ↗ · Confidence: High

8. ▼ BenefitUpcoming · effective 1 Nov 2026Axis Bank MyZone Credit Card

   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

9. Issuer noticeObserved 29 Jul 2026 · Upcoming · effective 1 Nov 2026Axis Bank· 2 changes across 10 cards
   ▼ Benefit

   Movie 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.

   Applies to 5 cards

   Axis Bank MyZone Credit Card · Axis Bank Neo Credit Card · Axis Bank Privilege Credit Card · Axis Bank Select Credit Card · IndiGo Axis Bank Premium Credit Card

   ▼ 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.

   Applies to 6 cards

   Axis Bank Burgundy Private Credit Card · Axis Bank Magnus Credit Card · Axis Bank Olympus Credit Card · Axis Bank Reserve Credit Card · Axis Bank Select Credit Card · Samsung Axis Bank Infinite Credit Card

   Verification: Axis Bank ↗ · Confidence: High

10. 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.

    Applies to 7 cards

    American Express Centurion Card · American Express Gold Card · American Express Membership Rewards Credit Card · American Express Platinum Card · American Express Platinum Reserve Credit Card · American Express Platinum Travel Credit Card · American Express SmartEarn Credit Card

    ▼ Benefit

    New 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.

    Applies to 4 cards

    American Express Centurion Card · American Express Gold Card · American Express Platinum Card · American Express Platinum Reserve Credit Card

    ◆ Reward

    Points 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.

    Applies to 7 cards

    American Express Centurion Card · American Express Gold Card · American Express Membership Rewards Credit Card · American Express Platinum Card · American Express Platinum Reserve Credit Card · American Express Platinum Travel Credit Card · American Express SmartEarn Credit Card

    ◆ Milestone

    Milestone 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.

    Applies to 5 cards

    American Express Gold Card · American Express Membership Rewards Credit Card · American Express Platinum Reserve Credit Card · American Express Platinum Travel Credit Card · American Express SmartEarn Credit Card

    ▼ Fee

    Late 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.

    Applies to 4 cards

    American Express Membership Rewards Credit Card · American Express Platinum Reserve Credit Card · American Express Platinum Travel Credit Card · American Express SmartEarn Credit Card

    Verification: American Express ↗ · Confidence: High

11. ▼ FeeUpcoming · effective 15 Nov 2026American Express Membership Rewards Credit Card

    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