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
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)
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.
Date: 01-07-2025 Credit Card:Tata Neu HDFC Bank Credit Cards Devaluation Alert:Effective Date 01-08-2025 – Neu Coins to Expire After 12 Months Comments:
Starting 1st August 2025, NeuCoins earned on Tata Neu HDFC Bank Credit Cards will have a validity of 12 months (including lock period) from the end of the month in which they are credited.
🔹 Example:
NeuCoins credited on 05-Aug-25 or 31-Aug-25 will both expire on 31-Aug-26.
🔸 Existing Non-Promotional NeuCoins (earned before 01-Aug-25) will expire on 31-Jul-26. This update will be reflected in user accounts during July–August 2025.
🔸 Promotional/Welcome NeuCoins will retain their original validity as communicated at issuance.
Date: 02-07-2025 Bank Account:Karnataka Bank Savings Account Update:Effective Date 01-08-2025 – Major Hike in Minimum Average Balance (MAB) Requirements Comments:
Karnataka Bank has revised its Minimum Average Balance (MAB) requirements sharply upward from August 2025:
Date: With effect from 01-07-2025
Bank Account:Punjab National Bank Savings Account Revaluation Alert: No penal charges for non-maintenance of Minimum Average Balance across all Savings Account schemes Comments: Very good move from public sector banks, will be very helpful for low-income group and Students, hope more banks Follow this in future. Source: click here
Payzapp has removed the wallet to account transfer charges, but from Aug 1st payzapp will increase wallet load charges through cc from current 1.5% to 2.5%. Also direct payment through non hdfc cc will incur charges 1-2.5% depending on category.
Date: With effect from 01-08-2025
Credit Card:IndusInd Bank Credit Cards Devaluation Alert: Revision in Minimum Amount Due (MAD) Calculation
Effective from 1st August 2025, IndusInd Bank will revise the formula for calculating the Minimum Amount Due (MAD) on its credit cards. This change may result in a higher MAD in certain cases.
🔹 New MAD Formula:
MAD =
100% of EMI amount
100% of GST
100% of Fees/Charges
100% of Finance Charges
Overlimit Amount (if any)
2% of Retail Spends / Cash Advance / Remaining balance
⚠️ While positioned as a way to provide payment flexibility, this change increases the portion of fees and charges required to be paid upfront.
💡 Recommendation: Always try to pay the Total Amount Due (TAD) to avoid interest and protect your credit score. Source: Email from IndusInd Bank
Date: With effect from 31-07-2025
Bank Account:Kotak811 Savings Account Update: Access to Kotak Mobile Banking App will be discontinued for Kotak811 users
Kotak811 users will no longer be able to access their accounts via the main Kotak Mobile Banking app from 31st July 2025.
🔹 To continue managing your Kotak811 account, download and switch to the dedicated Kotak811 app.
🔹 Download Link:https://5.kmbl.in/xaDXuQgZ Source: Official communication from Kotak Bank via whatsapp
Revaluation Alert : No penal charges shall be levied for non-maintenance of Minimum Average Balance across all Savings Account schemes.
Comments: Indian Bank has taken a significant step by waiving off minimum balance charges, joining PNB, BOB, and Canara Bank in this initiative. This customer-friendly decision will provide substantial relief to low-income account holders.
Sourced from Indian bank's official X page :Source
Date: With effect from 01-Oct-2025 Credit Card/Bank Account/Debit Card: Federal Bank Celesta Devaluation Alert: Spend condition introduced for Lounge access, visits reduced to 2 per quarter, add-on card holders not eligible for lounge visit. Comments (if any):
Customers need to spend INR ₹ 60,000 or more in a quarter (21st Mar - 20th Jun|21st Jun - 20th Sep|21st Sep-20th Dec|21st Dec-20th Mar), to automatically qualify for complimentary lounge privilege in the subsequent quarter (1st Jul-30th Sep 1st Oct-31st Dec 1st Jan- 31st Mar 1st Apr-30th Jun).
Date: With effect from 22-07-2025
Credit Card:PhonePe SBI Card SELECT BLACK / SELECT PURPLE Update: Launch of two new co-branded cards offering up to 10% rewards on PhonePe ecosystem spends Source:
Feature
PhonePe SBI Card SELECT BLACK
PhonePe SBI Card SELECT PURPLE
Network
RuPay & Visa
RuPay & Visa
Welcome Benefit
₹1,500 PhonePe Gift Card
₹500 PhonePe Gift Card
Reward Rate
🔹 10 RP/₹100 on PhonePe & Pincode
🔹 5 RP/₹100 on other online spends
🔹 1 RP/₹100 elsewhere
🔹 3 RP/₹100 on PhonePe & Pincode
🔹 2 RP/₹100 on other online spends
🔹 1 RP/₹100 elsewhere
Date: With effect from 21-07-2025
Credit Card:American Express® Platinum Card (Charge Card issued by Amex India) Update: Get up to 10% off on diamond jewellery purchases and jewellery repurposing services at Rosa Amoris Jewellery LLP, Mumbai Offer Highlights:
🔹 Offer 1: 10% off on Diamond & Gemstone Jewellery
Instant 10% discount on eligible diamond and gemstone jewellery (excludes Solitaire and Signature Collection)
Maximum savings: ₹1,00,000 per transaction
No minimum spend
Applicable only at Rosa Amoris exclusive store in Mumbai
Date: With effect from 26-07-2025
Credit Card:Kotak Cashback+ Credit Card Update: New cashback card with targeted 5% returns on online food, groceries, and entertainment Comments:
Cashback Structure
Spend Category
Cashback Rate
Monthly Cap
Online food delivery, groceries, entertainment
5% (accelerated)
₹500 per billing cycle
Fuel across any station
3%
Part of ₹500/month cap
Other eligible spends
0.5% unlimited
No cap
Cashback Redemption: 1 RP = ₹1 via Kotak Rewards Platform
Fuel Surcharge Waiver: 1% (₹500–₹4,000 txn range), up to ₹3,500/year
Annual Fee: ₹750 + GST (waived on spends of ₹2L/year)
Exclusions: No cashback on Rent, B2B, Utilities, Insurance, Education, Wallets, Govt. payments, EMI, Gaming
Reward Validity: Cashback expires after 1 year if unclaimed
Important: Cashback is based on MCC (Merchant Category Codes)
Date: With effect from 22-07-2025
Credit Card:AU Bank, Yes Bank, and IndusInd Bank Credit Cards Update: Some AU Bank, Yes Bank, and IndusInd Bank Credit Cards are now eligible for Air India Maharaja Club reward point transfers Comments:
Air India Maharaja Club has expanded its list of credit card transfer partners by adding:
Most popular cards like Legend, Pinnacle, etc. are now eligible
Reward Points can now be converted to Maharaja Points
✅ AU Bank Credit Cards
Newly added as a partner bank
Reward points transfer to Maharaja Club now supported
Benefit to Cardholders:
Cardholders of these banks can now use their accumulated reward points for Air India flight redemptions, upgrades, and more travel perks through the Maharaja Club loyalty program.
Date: 01-10-2025 (Effective From) Bank Account:HDFC Bank Preferred Banking Update: Revised eligibility criteria for HDFC Bank Preferred Programme Comments:
HDFC Bank is revising the eligibility criteria for its Preferred Banking programme, effective October 1, 2025. A new flexible Total Relationship Value option has been introduced along with updated thresholds for existing criteria. New Eligibility Criteria – Qualify by Meeting Any One:
Criteria Type
Revised Requirement
Savings Account
₹4 Lakhs Average Monthly Balance
Current Account
₹6 Lakhs Average Quarterly Balance
Combined Balances (SA + CA + FD)
₹20 Lakhs
Corporate Salary Account
₹2 Lakhs+ Net Monthly Salary
New Option – TRV
₹50 Lakhs+ Total Relationship Value
What is TRV?
TRV = Total value of balances across eligible HDFC Bank Savings, Current, Fixed Deposits, Outstanding Loans, and Investment Accounts.
This provides a more holistic and flexible method to remain qualified under the Preferred Banking programme.
