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Devaluation, Revaluation Alerts and Regular Updates – All Latest Updates in One Place

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Federal Bank Celesta - Oct '25 New
Date: With effect from 01-Oct-2025
Credit Card/Bank Account/Debit Card: Federal Bank Celesta
Devaluation Alert: Spend condition introduced for Lounge access, visits reduced to 2 per quarter, add-on card holders not eligible for lounge visit.
Comments (if any):
1752675085988.webp

Signet: 20,000 - 1 domestic access/quarter
Imperio: 40,000 - 2 domestic access/quarter
Celesta: 60,000 - 2 domestic access/quarter [No spend criteria for international access]
1752681871576.webp

Source: https://www.federalbank.co.in/airport-lounge-t-c
Thread Link:
N

Thread 'Federal Celesta Devaluation'

Customers need to spend INR ₹ 60,000 or more in a quarter (21st Mar - 20th Jun|21st Jun - 20th Sep|21st Sep-20th Dec|21st Dec-20th Mar), to automatically qualify for complimentary lounge privilege in the subsequent quarter (1st Jul-30th Sep 1st Oct-31st Dec 1st Jan- 31st Mar 1st Apr-30th Jun).
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    • Hey Everyone!

    I hope you all are doing well. Over the past few weeks, I’ve been tied up with some urgent work and unfortunately couldn’t keep the thread as active as I usually do.

    To keep the momentum going and ensure our community stays informed with the most recent updates, I warmly invite all of you — our valued members and fellow moderators — to share any important news, alerts, or insights that you’ve come across during this period. There are around 10 updates need to be posted.

    Your contributions will be immensely helpful in keeping this thread a comprehensive and trusted resource for everyone. Let’s come together and keep the discussions flowing without any breaks!
    Thank you all for your support and enthusiasm. Looking forward to your updates!
     
    SBI Card Complimentary Air Accident Insurance Removed

    From July 15, 2025, SBI Card will discontinue complimentary air accident insurance on several premium cards like ELITE, PRIME, and MILES ELITE.

    No more ₹1 crore (ELITE/MILES ELITE) or ₹50 lakh (PRIME/PULSE) insurance covers for cardholders from July 15th.

    m.economictimes.com

    Major credit card rule changes in July 2025: Check latest updates from SBI, HDFC Bank, and Kotak Mahindra Bank - The Economic Times

    Several banks, including SBI, HDFC Bank, and Kotak Mahindra Bank, are updating their credit card rules starting in July 2025. SBI is discontinuing free air accident insurance on select cards, while HDFC Bank introduces new transaction fees and reward point limits. Kotak Mahindra Bank will...
    m.economictimes.com m.economictimes.com
     
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    IndusInd EazyDiner Credit Card devaluation effective July 15, 2025:

    Dining rewards (10 points/₹100) completely removed.

    Reward point value slashed by 50% (1RP = ₹0.10, was ₹0.20).

    Monthly dining discount now capped at ₹2,000. For up to ₹5,000, you must spend ₹30,000 on non-dining in the past month.

    Airport lounge access and BookMyShow offers discontinued.

    Annual fee hiked to ₹2,999 + GST (was ₹1,999 + GST).

     
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    Axis Bank from July 1st 2025 onwards:

    ATM transaction fee after free limit up from ₹21 to ₹23/transaction, affects savings, NRI, trust, and premium customers.

    ICICI Bank:

    Non-home branch and non-ICICI ATM fees increased; IMPS, cash deposit/withdrawal charges also revised upward.

    www.businesstoday.in

    Financial changes in July 2025: Higher ATM fees, new Tatkal rules, Aadhaar OTP must for bookings - BusinessToday

    Four major financial changes are set to impact consumers from July 2025, including revised ATM fees from Axis and ICICI Banks, and new Aadhaar OTP requirements for train bookings.
    www.businesstoday.in www.businesstoday.in
     
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    Alert/Update: SBI Cards (Source - Received in email)
    With effect from 15 Jul 2025, the calculation for Minimum Amount Due (MAD) and the order of Payment Settlement will be revised as below:

    Calculation for Minimum Amount Due (MAD):
    100% of GST + 100% of EMI amount + 100% of Fees/Charges + 100% of Finance Charges + Overlimit Amount (if any) + 2% of remaining balance outstanding.

    Order of Payment Settlement
    Payments received against the Cardholder's outstanding will be adjusted against
    100% of GST, 100% of EMI amount, 100% of Fees/Charges, 100% of Finance Charges, Balance Transfer, Retail Spends and Cash Advance in that order.

    For More Details
    Please refer to MITC here or call us at 1860 500 1290, 1860 180 1290, 39 02 02 02 (Prefix local STD code) or 1800 180 1290 (Toll Free).
     
    Virtual King said:
    Alert/Update: SBI Cards (Source - Received in email)
    With effect from 15 Jul 2025, the calculation for Minimum Amount Due (MAD) and the order of Payment Settlement will be revised as below:

    Calculation for Minimum Amount Due (MAD):
    100% of GST + 100% of EMI amount + 100% of Fees/Charges + 100% of Finance Charges + Overlimit Amount (if any) + 2% of remaining balance outstanding.

    Order of Payment Settlement
    Payments received against the Cardholder's outstanding will be adjusted against
    100% of GST, 100% of EMI amount, 100% of Fees/Charges, 100% of Finance Charges, Balance Transfer, Retail Spends and Cash Advance in that order.

    For More Details
    Please refer to MITC here or call us at 1860 500 1290, 1860 180 1290, 39 02 02 02 (Prefix local STD code) or 1800 180 1290 (Toll Free).
    Click to expand...

    IMO, MAD is never part of devaluation, revaluation etc. first of all one should never carry forward their credit card balance. Its better to take loan, emi instead keeping unpaid billed amount in credit card.
     
    Apply For LTF Scepia Credit Card
    Phonepe SBI Cards Launch - Jul'25 New
    Date: With effect from 22-07-2025
    Credit Card:     PhonePe SBI Card SELECT BLACK / SELECT PURPLE
    Update: Launch of two new co-branded cards offering up to 10% rewards on PhonePe ecosystem spends
    Source:
    1753555005864.webp 1753554965338.webp
    FeaturePhonePe SBI Card SELECT BLACKPhonePe SBI Card SELECT PURPLE
    NetworkRuPay & VisaRuPay & Visa
    Welcome Benefit₹1,500 PhonePe Gift Card₹500 PhonePe Gift Card
    Reward Rate🔹 10 RP/₹100 on PhonePe & Pincode
    🔹 5 RP/₹100 on other online spends
    🔹 1 RP/₹100 elsewhere    		🔹 3 RP/₹100 on PhonePe & Pincode
    🔹 2 RP/₹100 on other online spends
    🔹 1 RP/₹100 elsewhere
    Reward Redemption1 RP = ₹1, Redeemable as Statement Credit1 RP = ₹1, Redeemable as Statement Credit
    Reward CapMax 2000 RP/month per categoryNo specific cap mentioned per category
    Milestone Benefit₹5,000 Yatra Voucher on ₹5L annual spend₹3,000 Yatra Voucher on ₹3L annual spend
    Lounge Access4 Domestic Visits/Year + Intl. Priority Pass (first 2 yrs)Not available
    Fuel Surcharge Waiver1% (₹500–₹4,000), Max ₹250/month1% (₹500–₹3,000), Max ₹100/month
    Annual Fee₹1,499 + GST (Reversible on ₹3L spend from 2nd yr)₹499 + GST (Reversible on ₹1L spend from 2nd yr)


    Thread Link: click here
     
  • New
    • AMEX PLAT Charge Update - Jul'25 New
    Date: With effect from 21-07-2025
    Credit Card:     American Express® Platinum Card (Charge Card issued by Amex India)
    Update:     Get up to 10% off on diamond jewellery purchases and jewellery repurposing services at Rosa Amoris Jewellery LLP, Mumbai
    Offer Highlights:

    🔹 Offer 1: 10% off on Diamond & Gemstone Jewellery​

    • Instant 10% discount on eligible diamond and gemstone jewellery (excludes Solitaire and Signature Collection)
    • Maximum savings: ₹1,00,000 per transaction
    • No minimum spend
    • Applicable only at Rosa Amoris exclusive store in Mumbai
    • Available on supplementary cards as well
    • Excludes EMI transactions
    • Blackout dates apply (Raksha Bandhan, Independence Day, Ganesh Chaturthi & Visarjan, Gandhi Jayanti/Dussehra)

    🔹 Offer 2: 10% off on Jewellery Repurposing​

    • Get 10% discount on the final quoted price (excluding design/labour charges)
    • Minimum spend: ₹5,00,000
    • Maximum savings: ₹50,000
    • Up to 5 pieces can be submitted for transformation
    • Includes one complimentary expert consultation
    • Additional charges (e.g. labour, new materials) apply at regular rates
    This offer is valid from 21 July 2025 till 21 October 2025 (both days included).
    Source: click here
     
  • New
    • Kotak CC Launch - Jul'25 New
    Date: With effect from 26-07-2025
    Credit Card:     Kotak Cashback+ Credit Card
    Update:     New cashback card with targeted 5% returns on online food, groceries, and entertainment
    Comments:

    Cashback Structure​

    Spend CategoryCashback RateMonthly Cap
    Online food delivery, groceries, entertainment5% (accelerated)₹500 per billing cycle
    Fuel across any station3%Part of ₹500/month cap
    Other eligible spends0.5% unlimitedNo cap
    • Cashback Redemption: 1 RP = ₹1 via Kotak Rewards Platform
    • Fuel Surcharge Waiver: 1% (₹500–₹4,000 txn range), up to ₹3,500/year
    • Annual Fee: ₹750 + GST (waived on spends of ₹2L/year)
    • Exclusions: No cashback on Rent, B2B, Utilities, Insurance, Education, Wallets, Govt. payments, EMI, Gaming
    • Reward Validity: Cashback expires after 1 year if unclaimed
    • Important: Cashback is based on MCC (Merchant Category Codes)
    Source: click here

    Credit Card: Kotak Air+ Credit Card
    Update:     Air Miles-focused card with capped accelerated earning via Kotak Unbox
    Comments:

    Air Miles Structure​

    Spend CategoryAir Miles Earn RateMonthly Cap
    Flights/Hotels via Kotak Unbox5 Air Miles / ₹10015,000 Air Miles / cycle
    Other spends2 Air Miles / ₹100No cap
    • Welcome + Renewal Benefit: 2,500 Air Miles each (on fee payment)
    • Lounge Access: 2 Intl. + 4 Domestic annually (Primary cardholder only)
    • FX Markup: 2% on international transactions
    • Fuel Surcharge Waiver: 1% (₹400–₹7,500 txn range), up to ₹4,500/year
    • Air Miles Redemption:
      • 1 Mile = ₹1 on Kotak Unbox (Flights/Hotels)
      • Max 80% of booking value can be paid with miles
      • Partner transfer: Min 1,000 miles required
    • Exclusions: No Air Miles on Utilities, Insurance, Telecom, Rent, Govt., Wallets, EMI, Gaming, Fuel, Cash Advance, Intl. spends
    • Annual Fee: ₹3,000 + GST (no waiver)
    Source: click here
     
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  • New
    • AIR INDIA loyality prog Update - Jul'25 New
    Date: With effect from 22-07-2025
    Credit Card:     AU Bank, Yes Bank, and IndusInd Bank Credit Cards
    Update:     Some AU Bank, Yes Bank, and IndusInd Bank Credit Cards are now eligible for Air India Maharaja Club reward point transfers
    Comments:
    Air India Maharaja Club     has expanded its list of credit card transfer partners by adding:
    • AU Small Finance Bank
    • Yes Bank
    • IndusInd Bank
    ✅ Yes Bank Credit Cards
    • Transfer enabled via Yes Rewardz portal
    • Transfer ratio and eligible cards: click here
    ✅ IndusInd Bank Credit Cards
    • Most popular cards like Legend, Pinnacle, etc. are now eligible
    • Reward Points can now be converted to Maharaja Points
    1753557734558.webp

    ✅ AU Bank Credit Cards
    • Newly added as a partner bank
    • Reward points transfer to Maharaja Club now supported
    1753557784051.webp

    Benefit to Cardholders:
    Cardholders of these banks can now use their accumulated reward points for Air India flight redemptions, upgrades, and more travel perks through the Maharaja Club loyalty program.
     
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