Credit card devaluations and changes in India

Indian credit card changes (Sept 2026): 12 dated changes logged across 7 issuers, newest first. Latest: MakeMyTrip and Adani One ICICI cards: lounge access now needs ₹75,000 spend a quarter (2026-07-01). Every entry links its source and says which CardLens cards it touched; card data was updated on the verification date shown.

All changes, newest first

1. 1 Jul 2026DevaluationICICI Bank

   MakeMyTrip and Adani One ICICI cards: lounge access now needs ₹75,000 spend a quarter

   From 1 July 2026 the MakeMyTrip ICICI Bank card and both Adani One ICICI cards (Signature and Platinum) follow the same rule as other ICICI cards: complimentary airport lounge access only if you spent ₹75,000 in the previous calendar quarter. These co-brands previously had no spend condition. Times Black and the Emeralde family stay unconditional.

   Cards: MakeMyTrip ICICI Bank Signature, Adani One ICICI Bank Signature · Source: CardInsider – ICICI updates lounge access rules for Adani One & MMT cards · verified 2026-09-19

2. 1 Apr 2026DevaluationIndusInd Bank

   IndusInd links lounge access to quarterly spend (₹1.5L, ₹5L on premium cards)

   IndusInd Bank announced on 1 April 2026 that complimentary domestic lounge visits become spend-linked, with the benefit applying from July 2026: ₹5 lakh spend in the previous quarter on premium cards such as Pinnacle, ₹1.5 lakh on other variants. CardLens now applies that gate when it counts usable lounge visits.

   Cards: Legend, Pinnacle, Avios Visa Infinite, EazyDiner IndusInd Platinum, Tiger · Source: SaveSage – Credit card devaluations in 2026 · verified 2026-09-19

3. 12 Apr 2026DevaluationAxis Bank

   Airtel Axis Bank card: Swiggy and BigBasket cashback dropped, lounge visits withdrawn

   From 12 April 2026 the 10% bucket covers Zomato, Blinkit and District instead of Swiggy, Zomato and BigBasket, category caps unlock only after a base level of spend, and the four complimentary domestic lounge visits a year are discontinued. The 25% on Airtel bills and 10% on utilities via Airtel Thanks continue with their caps.

   Cards: Airtel Axis Bank · Source: SaveSage – Credit card devaluations in 2026 · verified 2026-09-19

4. 1 Apr 2026DevaluationSBI Card

   CASHBACK SBI Card: 5% online cashback capped at ₹2,000 a month, new exclusions

   From 1 April 2026 the 5% on online spends is capped at ₹2,000 per statement cycle (down from ₹5,000), the 1% on offline spends at ₹2,000, and total cashback at ₹4,000 a cycle. Digital gaming platforms (MCC 7993, 7994, 5816), tolls (4784) and government transactions (9222, 9311, 9402) no longer earn cashback, on top of the existing rent, fuel, utility, insurance and education exclusions.

   Cards: CASHBACK SBI Card · Source: SBI Card – customer notices · verified 2026-09-19

5. 1 Apr 2026Policy changeSBI Card

   SBI Card reward points: statement-credit redemption in blocks of 4,000, max 60,000 a month

   Reward points on SBI cards can be redeemed as statement credit only in multiples of 4,000 points and up to 60,000 points per card per calendar month. Small balances therefore sit unredeemed for longer; the realistic point value CardLens uses is unchanged.

   Cards: SimplyCLICK SBI Card, SimplySAVE SBI Card, SBI Card PRIME, SBI Card ELITE, SBI Card PULSE, SBI Card MILES ELITE, Air India SBI Signature, AURUM +4 more · Source: SaveSage – Credit card devaluations in 2026 · verified 2026-09-19

6. 1 Apr 2026Policy changeHDFC Bank

   HDFC Infinia: ₹18 lakh annual spend or ₹50 lakh relationship expected to retain the card

   From 1 April 2026 HDFC Bank expects Infinia holders to either spend ₹18 lakh a year across primary and add-on cards or hold ₹50 lakh total relationship value with the bank; accounts below both thresholds may be downgraded. Earn rates, SmartBuy multipliers and transfer ratios were not cut in this notice. HDFC has not published the segment-wise treatment, so treat downgrade reports as unconfirmed.

   Cards: Infinia Metal · Source: SaveSage – HDFC Infinia changes April 2026 · verified 2026-09-19

7. 1 Apr 2026New feeBank of Baroda

   Bank of Baroda: 1% fee on education, large toll/bus and railway transactions

   From 1 April 2026 BOB cards charge 1% on education payments, 1% on toll and bus transactions above ₹5,000 and 1% on railway bookings above ₹30,000. CardLens already excludes education from rewards on these cards; the fee is a further cost if you route fees through the card.

   Cards: BOBCARD ETERNA, BOBCARD PREMIER, BOBCARD EASY, BOBCARD SELECT, BOBCARD TIARA, HPCL BOBCARD ENERGIE · Source: SaveSage – Credit card devaluations in 2026 · verified 2026-09-19

8. 1 Apr 2026New feeDBS Bank

   DBS: 1% fee on large travel, railway and wallet-load transactions

   From 1 April 2026 DBS credit cards charge 1% on select travel transactions above ₹10,000, railway transactions above ₹20,000 and wallet loads of ₹5,000 or more.

   Cards: DBS Vantage · Source: SaveSage – Credit card devaluations in 2026 · verified 2026-09-19

9. 16 Sept 2025Policy changeAll banks

   DreamFolks exits domestic lounge access: entry now via bank and operator apps

   After Adani and Encalm withdrew their lounges from the DreamFolks platform, DreamFolks discontinued lounge services in India from 16 September 2025. Domestic lounge entry now runs through the issuing bank's app or the operator's app (Encalm HOI at Delhi and Hyderabad, Adani LoungeOne at Adani airports); IDFC FIRST moved to Elite Assist. International access continues through Priority Pass, Diners Club and Amex programmes. The CardLens lounge inventory reflects the new access routes.

   Source: CardInsider – DreamFolks exits India's domestic lounge access market · verified 2026-09-19

10. 1 Jul 2025New feeHDFC Bank

    HDFC Bank: 1% fee on rent, high utility and gaming spends; insurance reward caps

    From 1 July 2025 HDFC cards charge 1% (capped at ₹4,999 a month) on rent payments, on all utility transactions once monthly utility spend crosses ₹50,000 on personal cards, and on online skill-based gaming above ₹10,000 a month (gaming also earns no points). Insurance reward points are capped at 10,000 a month on Infinia, 5,000 on Diners Black and 2,000 on other cards.

    Cards: Infinia Metal, Diners Club Black Metal, Regalia Gold, Regalia, Millennia, Swiggy HDFC Bank, Tata Neu Infinity HDFC Bank, Tata Neu Plus HDFC Bank +10 more · Source: Business Standard – HDFC credit card users alert: new fees, reward caps from July 1 · verified 2026-09-19

11. 1 Jul 2025DevaluationICICI Bank

    ICICI Bank: lounge access only after ₹75,000 spend in the previous quarter

    From 1 July 2025 most ICICI credit cards give complimentary domestic lounge access only if the cardholder spent ₹75,000 in the previous calendar quarter (for July–September, spend between 26 March and 25 June is counted). Emeralde, Emeralde Private, Emeralde Private Metal, Diamant, Emirates Emeralde and Times Black keep unconditional access.

    Cards: Coral, Rubyx, Sapphiro · Source: Finology – New ICICI credit card lounge access rules effective July 2025 · verified 2026-09-19

12. 20 Jun 2025DevaluationAxis Bank

    Axis Bank 2025 devaluation: spend-gated or withdrawn domestic lounges, fewer guest visits

    In phases across June, July and October 2025 Axis Bank removed complimentary domestic lounge access from several cards, made it conditional on ₹50,000 spend in the previous three months on others, cut guest visits on Atlas from 8 to 4 a year and revised the accelerated EDGE Rewards structure on Magnus for Burgundy from 20 June 2025. Cards on CardLens carry the post-change entitlements.

    Cards: Atlas, Magnus, ACE, Flipkart Axis Bank, SELECT, Privilege, MY ZONE · Source: Finology – Axis Bank credit card devaluation 2025: key changes explained · verified 2026-09-19

Machine-readable: /data/changes.json · open data. Missing something? The issuer notice pages are linked from sources.