Devaluation Alerts and Updates – All Latest Updates in One Place

[Fini7777]

Daily Devaluation Alerts – Verified Updates​

Strictly No Discussions | Clean Format | TF Select Level & Above Only​

This thread is dedicated exclusively to posting verified devaluation alerts related to:

• Credit cards
• Bank accounts
• Debit cards
• Savings/Current account features
• Reward Structure Changes
• Fee structure updates
• Lounge access revision, etc.

Posting Rules:​

1. Only members with a TF Level of 'TF Select' or above can post.
2. No discussions, replies, or off-topic comments. This is a read-only format thread.
3. No duplicate posts – check the last few entries before posting.
4. Post must be concise, clean, and easy to read.
5. Source/link must be included. No unverifiable rumors.
6. No promotions or referral content allowed.

✅ Post Format (Use this):​

Date: DD-MM-YYYY
Credit Card/Bank Account/Debit Card: [Name of the card/account]
Devaluation Alert: [Short summary of the change]
Comments (if any): (Optional)
Source: [Attach link or screenshot]
Thread Link: [Any active thread link in TF] - if available


🔁 Reminder: This thread should serve as a quick-scan bulletin board for anyone to stay updated on devaluations in one glance.
🔒 Violation of format/rules may lead to deletion without notice.


Final Note:
Devaluations used to be rare earlier, but these days they’re happening more frequently.
Going through multiple threads for every single update can be tiring, right?
So, here’s a central thread where all regular devaluation alerts will be posted — making it easy for everyone to quickly find and stay updated with the latest changes shared by our members.
I’ve started this thread to make things simpler for all of us, and I’m counting on your support and contributions to keep it going strong. 😊
Expecting your inputs regularly 🙌
Let me know your thoughts — suggestions are always welcome!
Let’s keep this thread useful, tidy, and informative for all. Thanks for your cooperation!

Kindly DM if u want to give any suggestions or share ur thoughts on this

🏆 Devaluation Alert Leaderboard​

Recognizing members for their first-reported devaluation alerts

🏅 Tier	Contributor	🔢 Alerts Reported
💎 Platinum
🥇 Gold
🥈 Silver
🥉 Bronze

​

 

[Anindya98]

Date: 16-05-2025
Credit Card/Bank Account/Debit Card: Kiwi Credit Card
Devaluation Alert: Minimum txn amount for rewards revised from multiples of 50 to multiples of 100
The minimum kiwis required to redeem is 500 now.
A customer is required to accumulate at least 500 Kiwis before redemption. Further, redemption of Kiwis can be made in multiples of 500 Kiwis only
Comments (if any):

Source: https://gokiwi.in/rewards-policy-v2/

 

[messypenguin]

Date: 16-05-2025
Credit Card/Bank Account/Debit Card: Kiwi Credit Card
Devaluation Alert: Minimum txn amount for rewards revised from multiples of 50 to multiples of 100
Comments (if any):
View attachment 97439
Source: https://gokiwi.in/rewards-policy-v2/

+ Minimum kiwis required to redeem is 500 now.

j. A customer is required to accumulate at least 500 Kiwis before redemption. Further, redemption of Kiwis can be made in multiples for 500 Kiwis only

 

[Fini7777]

Date: 16-05-2025
Credit Card: AMEX Gold Charge Card
Devaluation Alert: Effective 12 June 2025, you will not earn Membership Rewards® points on Fuel payments. Fuel includes petrol, diesel, CNG from Oil Marketing Companies (OMCs).
Comments: No MR points on fuel spends
Source:

American Express® Gold Card

Experience luxury and rewards with the American Express Gold Card, designed for exclusive lifestyles.

www.americanexpress.com

 

[Anindya98]

Date: 20-05-2025
Credit Card: Flipkart Axis Credit Card
Devaluation Alert: Effective 20 June 2025.

Comments: So kotak myntra won't be missed anymore. 80k per quarter statement cycle is not enough for personal usage on Flipkart
For me, the card has lost its charm and usefulness. I use the SBI Cashback card regularly until I hit the ₹65K monthly cap, and only switch to the Flipkart Axis card for orders above that value. In my opinion, they could have kept the cap at ₹1.2L per quarter instead. Also, the fee waiver criteria of ₹3.5L annually feels a bit too high.


Source: Axis Bank notification

 

[Fini7777]

Date: 20-05-2025 - Axis Credit cards

---

Credit Card: Axis Neo Credit Card​

Devaluation Alert (effective from 01-07-2025):
Zomato offer changed from 40% off on ₹200 (max ₹120) to a flat ₹120 off on ₹499 minimum spend, valid twice a month.
(The voucher code for the offer is AXISNEO)
Comments: The minimum order value to avail the offer has increased now and which excludes GST, restaurant charges, and Delivery Fee.
Thread Link: click here
Source: Axis Neo New T&C

Credit Card: Axis MyZone Credit Card​

Devaluation Alert (effective from 01-04-2026):
Sony LIV subscription benefit discontinued on ₹ 1.5 Lakh annual spend. Instead, get 1,000 EDGE Reward Points as milestone benefit.
Comments: From OTT subscription to reward points—clear downgrade.
Thread Link: click here
Source: Axis MyZone New T&C


Credit Card: Axis Flipkart Credit Card
Devaluation Alert (effective from 20-06-2025):

• Myntra cashback increased from 1% → 7.5%, capped at ₹4,000/quarter.
• Lounge access (4/year) discontinued.
• Flipkart & Cleartrip cashback capped at ₹4,000/quarter each.

Comments: Better cashback on Myntra, but losing lounges hurts value, and capping on Flipkart spends is not a good move IMO.

Platform	Cashback Rate	Cap per Quarter	Required Spend
Myntra	7.5%	₹4,000	₹53,334
Flipkart	5%	₹4,000	₹80,000
Cleartrip	5%	₹4,000	₹80,000

Thread Link: click here
Source: Axis Flipkart new T&C


Credit Card: Axis Magnus for Burgundy Credit Card
Devaluation Alert (effective from 20-06-2025):

• Reward structure revised:
  • Up to ₹1.5L/month: 12 pts/₹200
  • ₹1.5L to (Credit limit + ₹1.5L): 35 pts/₹200
  • Beyond that: back to 12 pts/₹200
• Excluded spend categories for reward earn/spend based fee waiver: Rent (up to ₹50K), Utilities, Telecom, Wallet, Govt. spends, Fuel, Insurance, etc.

Comments: Tiered rewards; more effort needed for maximum gain.
Thread Link: click here
Source: Axis Magnus for Burgundy new T&C


Credit Card: Axis Privilege Credit Card
Revaluation Alert (effective from 20-06-2025):
Get BOGO on movie tickets via the District app, 100% off on the 2nd ticket (up to ₹250), once a month.
Devaluation Alert (effective from 20-06-2025):
Excluded spend categories for reward earn/spend based fee waiver: Transactions made on Utility & Telecom, Rent, Wallet, Government services, Insurance, Gold & Jewellery, Fuel, Educational services
Comments: One more card for BOGO - Good move
Thread Link: click here
Source: Axis Privilege new T&C


Credit Card: Axis Select Credit Card
Revaluation Alert (effective from 20-06-2025):

• NEW BOGO movie tickets via the District app (max ₹250 off) twice per month
• BigBasket: Flat ₹500 off on Min order value of ₹2,500 (The voucher code for the offer is AXISSELECTCC)

Devaluation Alert (effective from 20-06-2025):
Excluded spend categories for reward earn/spend based fee waiver: Transactions made on Utility & Telecom, Rent, Wallet, Government services, Insurance, Gold & Jewellery, Fuel, Educational services
Comments: I think we can consider this card now if LTF
Source: Axis Select new T&C


Credit Card: Axis Rewards Credit Card
Devaluation Alert (effective from 20-06-2025):
Updates to Spend Exclusion Criteria for Reward Earnings
The following categories will be excluded from earning reward points:

• Transportation & Tolls, Utilities, Insurance, Educational Institutions, Government Institutions, Wallet Reloads, Rent, Fuel

Spend-Based Fee Waiver Calculation
The following categories will be excluded from minimum spend calculations for fee waivers:

• Rent, Wallet Reloads

Milestone Benefit Calculation
The following categories will be excluded from milestone eligibility calculations:

• Insurance, Wallet Reloads, Rent, Cash Withdrawals

(Effective 01-07- 2025):
Swiggy Instant Discount Offer: Get a flat ₹150 instant discount on a minimum txn of ₹500, twice per calendar month
(The voucher code for the offer is AXISREWARDS)
Source: Axis Bank Email notification - Attached below

​

Common changes Applicable for all cards:
Effective 20-06-2025:
Exclusion Criteria for Reward Calculations

• There is no change to the spend categories that are excluded from earning rewards.
• However, to simplify reward tracking, excluded transactions will now be identified based on spend categories instead of the 4-digit Merchant Category Code (MCC).
• The excluded spend categories are:
  • Movie, Fuel, Insurance, Utility, Rent, Wallet reloads, Jewelry, Education, Government Institutions.

Effective 01-10-2025:
Reward Points / Miles Forfeiture Policy

• The Bank reserves the right to forfeit unredeemed EDGE REWARD Points / EDGE Milesunder the following conditions:
  • If the credit card is closed and the points/miles remain unredeemed beyond 30 days from the closure date.
  • If the minimum amount due remains unpaid for more than 90 days.
• In case of card closure, it is recommended to redeem your EDGE REWARD Points / EDGE Miles within 30 days to avoid forfeiture.

 

[Riva]

Revaluation Alert (Effective 01-07- 2025):
Swiggy Instant Discount Offer: Get a flat ₹150 instant discount on a minimum txn of ₹500, twice per calendar month
(The voucher code for the offer is AXISREWARDS

In my opinion, For Axis Rewards, this is a devaluation. Earlier the minimum order was for 200, it's now changed to 500. So cannot be used for orders below 500!!

 

[Fini7777]

Date: 20-05-2025
Bank Account: Kotak 811 Savings Account
Update: Effective 16-06-2025, the Sweep-Out & Sweep-In limit for ActivMoney will be revised.


The revised limit will be applied automatically 30 days from this email.
Source: Email From Kotak Mahindra Bank

 

[iamcc]

Revaluation Alert (Effective 01-07- 2025):
Swiggy Instant Discount Offer: Get a flat ₹150 instant discount on a minimum txn of ₹500, twice per calendar month
(The voucher code for the offer is AXISREWARDS

In my opinion, For Axis Rewards, this is a devaluation. Earlier the minimum order was for 200, it's now changed to 500. So cannot be used for orders below 500!!

For which card?

 

[Fini7777]

For which card?

Axis rewards cc