credit card devaluation

AU Bank sending email notifications to their credit card holders informing upcoming devaluation updates. 1. Discontinuation of Reward Points/Cashback: AU Credit Cardholders will not earn Reward Point/Cashback on the below mentioned spends categories & on BBPS transactions starting 1st...

Credit cards were not very popular in India until a few years ago. However, with India emerging as a digital payment powerhouse, credit card payments have become a significant part of it. Indian credit card issuers have issued approximately 9.50 crore credit cards as of October 2023. While the...

ICICI Bank recently launched its flagship credit card, the ICICI Bank Emeralde Private Metal Credit Card. It was issued to a select few individuals in India. However, within a few days of the launch, ICICI Bank decided to devalue this product. The devaluation occurred when ICICI Bank silently...

As we near the end of 2023, it's time to look back at the eventful year in the Indian credit card industry. We've witnessed significant shifts, such as Axis Magnus and Axis Reserve cards transforming from nearly useless to incredibly rewarding and then back to being relatively less rewarding...