Devaluation Alerts and Updates – All Latest Updates in One Place

[Fini7777]

Daily Alerts: Devaluations, Revaluations & Latest Updates – Verified Updates Only​

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

This thread is dedicated exclusively to posting verified alerts and updates related to the following:

• Credit Cards
• Bank Accounts (Savings / Current)
• Debit Cards
• Reward Structure Changes
• Lounge Access Revisions
• Fee / Charge Updates
• Product Devaluations or Revaluations
• Any relevant changes from banks, NBFCs, card issuers, etc.

Note: 'Updates' include revaluations, benefit additions, or policy changes too. All verified changes are welcome here.

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 / Update / Revaluation 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 and other Updates 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!

All discussions and irrelevant posts will be deleted at the end of each day to keep the thread clean.
Kindly DM if u want to give any suggestions or share ur thoughts on this

 

[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

 

[Fini7777]

Date: 31-05-2025
Credit Card: RBL Bank World Safari Credit Card
Devaluation Alert: Effective 01-07-2025
Domestic airport lounge access will now require a minimum spend of ₹35,000 in the previous calendar quarter. Only the primary cardholder is eligible; add-on cardholders are excluded.
Comments (if any): Now RBL also joined in the list, Anyways this is not a useful card unless used for International txns.
Source: Email from RBL Bank



Date: 31-05-2025
Credit Card: RBL Bank SuperCard
Devaluation Alert: Effective 01-07-2025
domestic airport lounge access will be completely discontinued for RBL SuperCard.
Source: Email from RBL Bank

 

[Fini7777]

Date: 31-05-2025
Debit Card: IndusInd Bank Select and exclusive Debit Cards
Devaluation Alert: Effective 01-07-2025
complimentary domestic airport lounge access will require a minimum spend of ₹5,000 in the preceding calendar quarter.
Comments: Another debit card joins the quarterly spend condition bandwagon. Entry-level users may find this restrictive.



Debit Card: IndusInd Bank Debit Cards (Eligible variants listed below)
Update: Effective From 01-03-2025
the Delightful Deal Offer partner will change from Swiggy to Zomato. Offer structure remains the same.
Offer Details:
For Cards: Grande, Grande Care, Pioneer, Solitaire, Pioneer Private

• 20% off up to ₹600/month (3 times/month)
• Max discount: ₹200 per transaction
• Minimum Order Value: ₹600
• Valid only on Friday, Saturday, and Sunday

For Cards: Titanium Delights, World Delights, Select, Partner, Care, Exclusive, Platinum Duo, Platinum Plus, Platinum Premier, Signature 5K, Signature Delite 7.5K, Signature Supreme 10K

• 10% off up to ₹300/month (3 times/month)
• Max discount: ₹100 per transaction
• Minimum Order Value: ₹600
• Valid only on Friday, Saturday, and Sunday

Comments: Only the delivery partner changed; offer remains unchanged. Users preferring Swiggy may find it inconvenient.

Source: click here

 

[Fini7777]

Date: 31-05-2025
Bank Account: ICICI Bank Savings Account
Update: Effective 01-07-2025
Certain service charges on savings accounts have been revised effective 01-07-2025, following a periodic review.
Comments (if any): Review the attached PDF carefully to understand how these changes may impact your account usage and charges.
Source: Email from ICICI Bank

 

[Fini7777]

Date: 31-05-2025
Debit Card: Axis Bank Flipkart Debit Card
Update: Axis Bank has launched the Flipkart Debit Card, offering 5% cashback on Flipkart purchases.
Comments: Only for customers onboarded on "Axis Advantage Savings Account"
Source: For more details click here

 

[Abhishek012]

Date: 31-05-2025
Debit Card: Axis Bank Flipkart Debit Card
Update: Axis Bank has launched the Flipkart Debit Card, offering 5% cashback on Flipkart purchases.
Comments: Only for customers onboarded on "Axis Advantage Savings Account"
Source: For more details click here
View attachment 99060

They also launched Axis bank Flipkart Cobranded UPI Network Payment because UPI Network also offer 5% Cashback.

Just like a debit card is a payment network/payment mode,

Similarly, UPI is also a payment network/payment mode.

The debit card is being highlighted as the "Co-branded Axis Flipkart Debit Card" because it offers 5% cashback.

But the co-branded partnership is not limited to the debit card network/payment mode — there is a co-branded partnership on the UPI network/payment mode as well.

That’s exactly why 5% cashback is also being offered on the UPI payment mode.

Still not getting it?

Okay, think of it like this — if UPI existed in a physical card form, what would you call it then?

Answer - “Axis Bank has launched Flipkart Cobranded UPI Card, offering 5% cashback on Flipkart purchases.”

You would use that wording, right?

Just because UPI doesn’t exist in a physical form, the mind is struggling to process that this is also an “Axis Bank Flipkart Co-branded UPI” which is offering a 5% cashback. 😛😛

 

[Fini7777]

Date: 31-05-2025
Debit Card: Bank of Baroda VISA Sapphire Debit Card
Devaluation Alert: Effective 01-07-2025
Complimentary airport transport transfer service will be discontinued from 01-07-2025. Previously
Comments: The main benefit of this card is out.
Source: SMS from BOB
Thread Link: Sapphire and Opulence dc from bank of baroda airport transfer distance reduced silently.

 

[Fini7777]

Date: 31-05-2025
Debit Card: Bank of Baroda Opulence Debit Card
Devaluation Alert: Effective 01-07-2025
The airport transport transfer service distance has been reduced from 40 km to 25 km in most cities. For Bangalore and Hyderabad, the revised limit is 35 km. Service is now strictly point-to-point with no detours or stopovers.
Comments: Reduction in service radius significantly impacts convenience. Cardholders in extended suburbs and excluded areas (e.g., Mumbai’s Vasai-Virar belt) may now need to bear additional charges.
City Coverage:
Vijayawada, Patna, Raipur, Ahmedabad, Gandhinagar, Rajkot, Surat, Vadodara, Ranchi, Belgavi, Bengaluru, Hubli, Mangalore, Mysuru, Kochi, Thiruvananthapuram, Bhopal, Gwalior, Indore, Aurangabad, Jalgaon, Kolhapur, Latur, Nagpur, Nanded, Nashik, Pune, Bhubaneswar, Amritsar, Jalandhar, Ludhiana, Bikaner, Jaipur, Jaisalmer, Jodhpur, Udaipur, Chennai, Coimbatore, Madurai, Hyderabad, Agra, Ghaziabad, Lucknow, Varanasi, Dehradun, Kolkata, Siliguri, Chandigarh, New Delhi, Jammu, Srinagar, Puducherry, Mumbai
Thread Link: click here

 

[Fini7777]

Date: 31-05-2025
Credit Card: BOB Credit Cards
Revaluation Alert: Starting 01-07-2025, reward points will now be earned on utility bill payments (electricity, gas, water etc) at the base reward rate.
Update: For Snapdeal credit card Auto redemption of reward points is discontinued. Cardholders must manually redeem points via the BOBCARD Portal or Mobile App.
Update: Effective July 1, 2025, a minimum of 1,000 reward points will be required for redemption against the statement balance across all credit card variants.
Comments: A positive move earlier excluded categories now contribute to rewards, adding more value to routine spending..
Source: Email from BOBCARD
Thread Link: BOB Cards Break the Trend: Earn Rewards on Utility Bills from July 1

 

[Fini7777]

Date: 31-05-2025
Credit Card: IDFC FIRST Bank Mayura Credit Card
Revaluation Alert: Enhanced travel benefits starting immediately.

• Hotel Bookings via IDFC FIRST App: Earn 50 bonus points per ₹150 + 10 base points (post ₹20,000 monthly milestone) → Effective ~20% reward rate
• Flight Bookings via IDFC FIRST App: Earn 30 bonus points per ₹150 + 10 base points (post ₹20,000 monthly milestone) → Effective ~13.33% reward rate
• Redemption Update: 1 Reward Point = ₹0.50 on travel bookings via the IDFC FIRST Bank Mobile App (earlier ₹0.25)

Comments: Excellent update for frequent travelers. Doubled point value + high earn rate = strong proposition for app-based bookings.
Source: click here
Thread Link: Accelerated Rewards & Enhanced Value: IDFC MAYURA CREDIT CARD

 

[Fini7777]

Date: 31-05-2025
Credit Card: HDFC Bank Credit Card
Devaluation Alert: Introduction of new charges and caps across several spend categories.

Key Changes: Effective July 1, 2025​

1. Online Skill-Based Gaming Transactions(MCC: 5816):
   • 1% fee if monthly spends exceed ₹10,000 (on full amount)
   • Max charge capped at ₹4,999/month
   • No reward points on such transactions
2. Wallet Loading Transactions(MCC: 6540):
   • 1% fee if monthly wallet loads exceed ₹10,000
   • Max charge capped at ₹4,999/month
3. Utility Transactions(MCC: 4900):
   • 1% fee if monthly utility spends exceed ₹50,000
   • Max charge capped at ₹4,999/month
   • Insurance transactions excluded
4. Updated Charge Cap for Rent, Fuel, Education Transactions:
   • 1% charge continues
   • Max fee per transaction now capped at ₹4,999
   • Fuel fee only applicable if txn > ₹15,000
   • Education charge only on payments via third-party apps (not via direct school/college sites or POS)

Comments: Major blow to heavy spenders and wallet/gaming users. Even reward point exclusion on gaming adds to the impact. Important to revisit monthly spending patterns post-July.
Source: Email from HDFC Bank
Thread Link: HDFC Bank Credit Card Devaluation Effective From 1st July 2025

 

[Fini7777]

Date: 01-06-2025
Bank Account: Canara Bank Savings Account
Update: Effective June 1, 2025
Canara Bank has abolished the requirement to maintain a minimum balance across all savings account types, including regular, salary, and NRI accounts.
Comments: This customer-friendly move eliminates penalties for non-maintenance of minimum balance
Source: click here
Thread Link: Canara Bank Waives Minimum Balance Requirement On All Savings Accounts