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

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Date: 10-05-2025
Credit Card: IDFC FIRST Bank Mayura Credit Card
Revaluation Alert: Starting 1st June, 2025.

• 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)

Credit Card: IDFC FIRST Bank Ashva Credit Card
Revaluation Alert: Starting 1st June, 2025.

• Hotel Bookings via IDFC FIRST App: Earn 50 bonus points per ₹150 + 10 base points (post ₹20,000 monthly milestone) → Effective ~16% reward rate
• Flight Bookings via IDFC FIRST App: Earn 30 bonus points per ₹150 + 10 base points (post ₹20,000 monthly milestone) → Effective ~10.67% reward rate
• Redemption Update: 1 Reward Point = ₹0.40 on travel bookings via the IDFC FIRST Bank Mobile App (earlier ₹0.25)

Credit Card: Other IDFC FIRST Bank Credit Cards
Revaluation Alert: Starting 1st June, 2025.

• Hotel Bookings via IDFC FIRST App: Earn 50 bonus points per ₹150 + 10 base points (post ₹20,000 monthly milestone) → Effective ~10% reward rate
• Flight Bookings via IDFC FIRST App: Earn 20 bonus points per ₹150 + 10 base points (post ₹20,000 monthly milestone) → Effective ~5% reward rate

Comments:

Feature	Mayura Credit Card	Ashva Credit Card	Other IDFC Credit Cards
Hotel Booking Reward Structure	50 Bonus + 10 Base Points per ₹150	50 Bonus + 10 Base Points per ₹150	50 Bonus + 10 Base Points per ₹150
Hotel Booking Effective Reward Rate	~20%	~16%	~10%
Flight Booking Reward Structure	30 Bonus + 10 Base Points per ₹150	30 Bonus + 10 Base Points per ₹150	20 Bonus + 10 Base Points per ₹150
Flight Booking Effective Reward Rate	~13.33%	~10.67%	~5%
Reward Point Redemption Value	₹0.50 per point (earlier ₹0.25)	₹0.40 per point (earlier ₹0.25)	₹0.25 per point (no change)

Source: click here and Emails From IDFC
Thread Link: Accelerated Rewards & Enhanced Value: IDFC MAYURA CREDIT CARD

 

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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.

Source: Email From Kotak
Thread Link: Kotak Myntra Credit Card Discontinued

 

[Fini7777]

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

 

[Fini7777]

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

 

[Fini7777]

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

 

[Fini7777]

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.

 

[Fini7777]

Date: 19-06-2025
Credit Card: Multiple SBI Credit Cards (Elite, Prime, Pulse & Co-branded variants)
Devaluation Alert:
🔹 Effective 15 July 2025 – Major policy changes in Minimum Amount Due (MAD) calculation & removal of Air Accident Insurance
🔹 Effective 11 August 2025 – Insurance removal extended to partner bank variants

1. Change in Minimum Amount Due (MAD) & Payment Settlement – Effective 15 July 2025

New MAD Formula:​

MAD =
✅ 100% of GST
✅ 100% of EMI Amount
✅ 100% of Fees/Charges
✅ 100% of Finance Charges
✅ Overlimit Amount (if any)
✅ + 2% of remaining balance

Revised Payment Settlement Order:​

Payments will now be applied in this order:

1. GST → 2. EMI → 3. Fees/Charges → 4. Finance Charges → 5. Balance Transfer → 6. Retail Spends → 7. Cash Advance

🔎 Impact: Higher dues may go unpaid longer, increasing finance charges if you don’t clear full balance.

2. Discontinuation of Complimentary Air Accident Insurance

Card Variant	Current Coverage	New Status
SBI Card ELITE	₹1 Crore	❌ Discontinued
SBI Card MILES ELITE	₹1 Crore	❌ Discontinued
SBI Card MILES PRIME	₹1 Crore	❌ Discontinued
SBI Card PRIME	₹50 Lakh	❌ Discontinued
SBI Card PULSE	₹50 Lakh	❌ Discontinued

W.e.f. 11 August 2025​

Impacted Co-branded SBI Cards – Insurance Coverage Discontinued
₹1 Crore Coverage Removed From:

• UCO Bank SBI Card ELITE
• Central Bank of India SBI Card ELITE
• PSB SBI Card ELITE
• KVB SBI Card ELITE & Signature
• Allahabad Bank SBI Card ELITE

₹50 Lakh Coverage Removed From:

• PRIME/PLATINUM cards issued via:
  
  • 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.

Source: Notices for Cardholders

 

[Fini7777]

Date: 19-06-2025
Bank Account: Kotak Mahindra Bank – Savings Account (Resident & NRI: NRE/NRO)
Update: Effective 18-June-2025 – Revised Interest Rates on all Kotak Savings Accounts

Updated Savings Account Interest Rates (w.e.f. 18-June-2025)

Account Type	Daily Balance Slab	Revised Interest Rate (p.a.)
Domestic (Resident)	Up to ₹50 lakh	2.75%
	Above ₹50 lakh – up to ₹3 crore	3.25%
Non-Resident (NRE/NRO)	Up to ₹50 lakh	2.75%
	Above ₹50 lakh – up to ₹3 crore	3.25%

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

 

[Fini7777]

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

 

[Fini7777]

Date: 28-06-2025
Credit Card: YES BANK Credit Card
Update: Effective Date 29-07-2025 – Changes to MAD Calculation & Cash Deposit Fee
Comments:

1. Revised MAD Formula:
   {Total GST + EMI amount + Membership/Rental/Wallet fees + Overlimit amount (if any)} + {(Other fees + Finance Charges + 2% of Retail/Cash outstanding) or ₹200, whichever is higher}
2. New Fee: ₹100 + GST for cash deposits made at YES BANK branches towards credit card repayment.

Users relying on branch cash deposits or paying only MAD should take note.
Source: Email from YES Bank

 

[hender]

Date: 19-06-2025
Credit Card: YES BANK Credit Card
Update: Effective Date 29-07-2025 – Changes to MAD Calculation & Cash Deposit Fee
Comments:

1. Revised MAD Formula:
   {Total GST + EMI amount + Membership/Rental/Wallet fees + Overlimit amount (if any)} + {(Other fees + Finance Charges + 2% of Retail/Cash outstanding) or ₹200, whichever is higher}
2. New Fee: ₹100 + GST for cash deposits made at YES BANK branches towards credit card repayment.

Users relying on branch cash deposits or paying only MAD should take note.
Source: Email from YES Bank

What was the charges earlier for 2 !

 

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Date: 28-06-2025
Credit Card: PhonePe HDFC Bank Co-branded Credit Card (Ultimo & UNO variants)
Update: Effective Date 26-06-2025 – PhonePe enters co-branded credit card segment with HDFC Bank
Comments: PhonePe and HDFC Bank have launched co-branded RuPay credit cards—‘Ultimo’ and ‘UNO’—offering high rewards on PhonePe platform and UPI spends. Users can apply via the PhonePe app.

Feature	PhonePe HDFC Bank Ultimo	PhonePe HDFC Bank UNO
Network	RuPay	RuPay
UPI Enabled	Yes – UPI Scan & Pay via any UPI app	Yes – UPI Scan & Pay via any UPI app
Rewards on PhonePe Spends(Recharge, Bill Payments, Travel, Hotels, Pincode)	10% Reward Points	2% Reward Points
Rewards on Top Online Brands(Flipkart, Amazon, Swiggy, Zomato, Uber, Myntra, AJIO)	5% Reward Points	1% Reward Points
Rewards on UPI Scan & Pay	1% Reward Points	1% Reward Points
Fuel Surcharge Waiver	1% Waiver	1% Waiver
Airport Lounge Access	8 Complimentary Visits per Year (2 per quarter)	❌ Not Available
Welcome Cashback Offer	₹500 Cashback₹50 × 10 UPI payments via PhonePe	₹250 Cashback₹25 × 10 UPI payments via PhonePe
Additional Instant Cashback	₹499 cashback on first UPI payment via PhonePe	₹249 cashback on first UPI payment via PhonePe
Reward Redemption	1 RP = ₹1 (Redeemable as statement credit via HDFC NetBanking)	1 RP = ₹1 (Redeemable as statement credit via HDFC NetBanking)
Joining/Annual Fee	₹999	₹499
Renewal Fee (Year 2 onwards)	₹999	₹499
Renewal Fee Waiver	Spend ₹2,00,000 in a year	Spend ₹1,00,000 in a year
Ideal For	High spenders, heavy PhonePe & travel users	Entry-level users with moderate digital spending
Application Mode	PhonePe App (Digital Onboarding)	PhonePe App (Digital Onboarding)

Source: click here

 

[Fini7777]

What was the charges earlier for 2 !

newly introduced Ig

 

[Fini7777]

Date: 28-06-2025
Credit Card: American Express Cards
Devaluation Alert: Effective Date 25-07-2025 – Convenience Fee for Amazon Vouchers Increased
Comments: Amex has announced a revision in the convenience fee for Amazon Pay and Amazon Shopping Gift Vouchers purchased via the Reward Multiplier platform.

• Old Fee: 0.75% + GST
• New Fee (Effective 25 July 2025): 1.5% + GST

✅ You will continue to earn Bonus Membership Rewards points on these vouchers through Reward Multiplier Portal.

Source: Email from AMEX India


Thread Link: click here

 

[sumeet]

nice space great effort