Date: 10-06-2025 Credit Card:Kotak Myntra Credit Card Update: Card to be discontinued and upgraded to Kotak Zen/League Platinum Credit Card effective 10th July 2025. All Myntra-related benefits, including the 7.5% instant discount, will be discontinued. Comments:
Existing annual fee, transaction limits, and other terms will remain unchanged.
Outstanding balances, including EMIs, will be transferred to the new card.
Users must manually enable online, contactless, and international transactions via mobile banking.
If the cardholder opts out but has outstanding dues, the card will still be migrated.
Date: 10-06-2025 Credit Card:American Express Platinum Credit Card Update:Effective 5 June, 2025
Redeem 20,000 Membership Rewards points for a ₹10,000 Taj Experiences Gift Card (earlier required 25,000 points). Comments: Log in to your account to redeem your points, search for "Taj" in the redemption catalog and select the ₹10,000 voucher for 20,000 points. Source: Email from AMEX
Date: 19-06-2025 Credit Card:IndusInd Bank EazyDiner Signature Credit Card Devaluation Alert:Effective Date 15-07-2025 – Major downgrade in benefits, caps introduced, reward points devalued, and fee increased.
Dining Discount
Feature
Before
After (from 15-07-2025)
Discount per transaction
25% off, max ₹1,000
Unchanged
Monthly discount cap
No cap (only per-transaction limit)
₹2,000 (no spend condition)
Bonus discount
Not Applicable
Additional ₹3,000 if ₹30,000 non-dining spend in prior month
Max monthly discount
Unlimited
₹5,000 (₹2,000 base + ₹3,000 bonus)
Reward Points
Category
Before
After
Dining
10 RP / ₹100
❌ No reward points
Hotel & Travel booking
4 RP / ₹100
✅ 10 RP / ₹100
Reward Point Value
1 RP = ₹0.20
⚠️ 1 RP = ₹0.10 (50% devaluation)
Removed Benefits
❌ Complimentary Airport Lounge Access
❌ BookMyShow Movie Ticket Discounts
Annual Fee
Before
After
₹1,999 + GST
₹2,999 + GST
🎟️ New Renewal Benefit
₹7,500 Postcard Hotels stay voucher as a renewal perk.
Comments: A massive devaluation. From uncapped dining discounts to a layered cap structure, halved reward point value, and removal of key lifestyle benefits — this downgrade hits heavy. Even the increase in RP earning on travel doesn’t compensate for the loss. Source: Email From IndusInd Bank Thread Link:click here
Date: 19-06-2025 Credit Card:IDFC Ashva & Mayura Credit Card Update:Effective Date 01-07-2025 – Movie ticket benefit platform shifted from BookMyShow to District by Zomato App
Card Name
Previous Platform
New Platform
Discount Cap per Use
Monthly Frequency
Ashva Credit Card
BookMyShow
District by Zomato App
₹400
2 times/month
Mayura Credit Card
BookMyShow
District by Zomato App
₹500
2 times/month
Comments: The benefit remains largely the same in structure, but now requires booking via the District by Zomato app, which may affect usability or preference for some users. Source: Email from IDFC
Date: 19-06-2025 Payment Method: RuPay Credit Cards via UPI Update: MDR being charged on < ₹2,000 transactions by most UPI payment business apps
Most UPI-based business/payment apps like:
Paytm Business
HDFC SmartHub Vyapar
Some Others have started charging MDR (Merchant Discount Rate) even for customer-initiated transactions below ₹2,000 via RuPay Credit Cards on UPI for small merchants too.
Exception:
As of now, PhonePe and very few apps are not charging MDR on such transactions and continues to allow zero-MDR below ₹2,000.
Source: Personally verified by me (Merchant)
Current Observation (Needs Confirmation):
There are multiple reports suggesting that MDR (Merchant Discount Rate) is being applied on RuPay credit card transactions via UPI, including those below ₹2,000.
It appears that this may not be app-wide, but rather merchant-specific – especially among small and part-time merchants across platforms like Paytm Business, GPay Business, HDFC SmartHub, PhonePe, etc.
Some merchants still report zero MDR on the same platforms, further indicating a non-uniform rollout.
We’ll continue monitoring and will update this post once there is more clarity or an official confirmation on the MDR implementation status.
UCO, Central Bank, PSB, KVB, South Indian Bank, Karnataka Bank, Allahabad Bank, City Union Bank, Union Bank of India, OBC, Federal Bank, Bank of Maharashtra
Comments: This is a massive blow to SBI premium cardholders. Losing ₹1 Cr/₹50L Air Insurance makes travel riskier without add-on cover. The new MAD structure may increase interest liability for those paying minimum dues. Definitely reconsider your card strategy if insurance or repayment flexibility was a key factor.
Comments: This is a significant downward revision, especially for lower balance holders. Earlier, Kotak offered higher-tiered interest rates even for modest balances, which now stand uniformly reduced to 2.75% p.a. across the board for balances under ₹50L. Better to use their ActiveMoney feature now.
Now, Many banks are reducing interest rates to 2.7% p.a Source: click here
Date: 19-06-2025 Credit Card:HDFC Infinia Metal Credit Card Devaluation Alert: Effective already (confirmed via support) – Priority Pass access now limited to international lounges only
Key Change:
Priority Pass issued with HDFC Infinia Metal can no longer be used for domestic lounge access.
It is now restricted to international lounge usage only.
This change was not explicitly communicated via email/SMS, but is now updated on the HDFC Bank website and acknowledged via customer care.
Comments: This is a stealth downgrade for frequent domestic travelers who relied on Priority Pass. While Infinia still offers unlimited domestic lounge access, the coverage is very limited List of Domestic lounges. Source: Email
