AU SFB Devalues Zenith Credit Card, Effective 1st Jan 2026
30 December 2025
AU Small Finance Bank is revising the reward structure and milestone benefits of its Zenith Credit Card, thus reducing the value-back it offers from 1st January 2026 onwards. Currently, for every Rs. 100 spent, card users get 20 reward points on dining, 10 reward points on international, grocery and departmental store purchases and 5 reward points as the base rate on other eligible spends. However, post devaluation, accelerated reward categories will earn 5 reward points per Rs. 100 spent and the base rate will decrease from 5 to 3 reward points. Moreover, the current quarterly and yearly milestone bonuses will be replaced with a new benefit of 1,000 bonus reward points on reaching Rs. 50,000 monthly spends.
IDFC FIRST Bank Launches Invite-Only Gaj Metal Credit Card
27 December 2025
IDFC FIRST Bank has launched Gaj Metal Credit Card, a new invite-only premium card designed for affluent travellers and lifestyle-focused consumers. The metal card comes with 0% forex markup, accelerated reward points on travel spends, and premium privileges such as domestic and international lounge access, airport meet-and-greet services, and luxury hotel benefits. At an annual fee of Rs. 12,500, this card offers up to 33.33% savings on travel along with premium travel & lifestyle benefits.
IDFC FIRST Bank Credit Cards Undergo Devaluation, Effective 18th Jan 2026
22 December 2025
IDFC FIRST Bank is revising the reward program of all its credit cards from 18th January 2026 onwards. Cardholders will no longer accrue any reward points if they do not pay at least the minimum amount due by the payment due date of that billing cycle. Reward earnings on railway spends have also been restricted under the fair usage policy. In addition, rewards on international purchases have been changed from up to 10X to 5X for cards like Ashva and Mayura, while cards like Wealth, Select and Classic will now earn rewards on the base of every Rs. 200 spent, instead of the previous Rs. 150. Furthermore, revisions in other features, like milestone benefit and complimentary lounge access, for certain card variants will apply in March and April 2026.
ICICI Bank Revises Credit Card Rules for 2026
22 December 2025
ICICI Bank has announced a significant revision to its credit card rules effective January-February 2026, including a 2% fee on transactions made on online gaming platforms and a 1% charge on transportation spends over Rs. 50,000 under select merchant categories. The changes also affect wallet-loading fees and various reward benefits across credit cards, advising cardholders to review the updated terms and conditions carefully.
IDFC FIRST Bank Launches Diamond Reserve Credit Card
17 December 2025
IDFC FIRST Bank has launched a new credit card named Diamond Reserve which comes at an annual fee of Rs. 3,000. This card comes with zero forex mark-up fee and benefits ranging across lifestyle-related categories, like travel, shopping, movies and others. Similar to most other IDFC FIRST cards, it also comes with an incremental reward structure accompanied with higher savings on travel bookings made on the bank’s app. In addition, it also offers certain premium-range benefits, like airport meet and greet, golf access, and luxury hotel stays.
Google Pay & Axis Bank Launch “Flex by Google Pay” Co-Branded Credit Card
17 December 2025
Google Pay has partnered with Axis Bank to launch the Google Pay Flex Axis Bank Credit Card, a digital, RuPay-powered credit card integrated within the Google Pay app. The card allows consumers to make seamless UPI and card payments across online and offline merchants. Cardholders earn rewards on every spend, which can be redeemed on UPI transactions through Google Pay. Additionally, the card offers dining benefits, welcome benefits, and flexible repayment options.
SBI Card Launches Co-Branded Credit Cards with Landmark
10 December 2025
SBI Card has introduced a new range of co-branded credit cards in partnership with Landmark, available in three variants—Base, Select and PRIME. These cards offer enhanced value-back on spends at Landmark Group brands such as Lifestyle, Home Centre, SPAR and MAX, along with accelerated rewards on dining, movie and international transactions. The cards are well-suited for frequent Landmark shoppers looking to maximize value across both online and in-store purchases, while also earning better rewards on select lifestyle categories.
YES BANK PaisaSave Credit Card to Be Revamped Effective December 15, 2025
5 December 2025
YES BANK Paisabazaar PaisaSave Credit Card is undergoing a revamp, effective post December 15, 2025. As part of this update in its cashback program, the card will shift its focus from accelerated benefits on online spends to travel and dining. So, cardholders will earn accelerated cashback of 6% on all online and offline spends made under these two categories, without any platform or merchant restrictions. All other eligible spends, including UPI transactions, will earn a base cashback rate of 1%.
PNB Launches Luxura Credit Card on the RuPay EKAA Network
4 December 2025
Punjab National Bank has launched PNB Luxura Credit Card, a premium metal card on the RuPay EKAA network. The card offers 40,000 welcome reward points and 10,000 milestone points, along with luxury hotel benefits like a 2+1 complimentary night stay and 1+1 dining and spa privileges. The card also offers complimentary lounge access, movie ticket offers, golf benefits, concierge services and more.
RuPay has launched EKAA — A New Super-Premium Credit Card Network
4 December 2025
RuPay has marked its entry into the luxury credit card segment with the launch of RuPay EKAA platform. The network offers premium perks like exclusive concierge services, complimentary golf lessons, BOGO offers on movie tickets, access to concerts & events, and much more. With EKAA, RuPay aims to offer luxury benefits across travel, entertainment, and lifestyle.
BOBCARD Launches Cashback Credit Card
26 November 2025
BOBCARD has launched BOBCARD Cashback - a new cashback-focused option in its credit card lineup which is offered to customers with a net annual income of Rs. 3 lakh or more. This card focuses on the needs of frequent online shoppers with 5% cashback on online spends and a 1% base cashback rate on other categories. It also offers a choice between two fee plans, a monthly plan of Rs. 49 and an annual plan of Rs. 499, thus allowing the users the flexibility to choose as per their convenience.
RBL Bank Launches Two Premium Metal Credit Cards: Lumière & Nova
20 November 2025
RBL Bank has entered the high-end credit card segment with the launch of Lumière and Nova, both crafted as metal cards. Lumière is an invite-only option with an annual fee of Rs. 50,000, designed for ultra-HNI clients with travel and luxury privileges. Whereas, Nova at an annual fee of Rs. 12,500, offers 6% value-back on flights/hotels, lounge access, golf rounds and other lifestyle benefits.
Kotak Mahindra Bank Revises Credit Card Terms & Conditions Effective December 5, 2025
6 November 2025
Kotak Mahindra Bank has announced updates related to its credit card terms and conditions, effective 5 December 2025. Key revisions include changes to late payment charges, overlimit facility, and credit card token management. Besides this, the issuer has also added details for its new Kotak 811 Super Money Credit Card.
Scapia & Federal Bank Launch Add-On Credit Card
6 November 2025
Scapia, in partnership with Federal Bank, has launched an add-on credit card that allows families to share credit responsibly. Each add-on member will receive their own virtual and physical card, ensuring independence and transparency. Primary cardholders can get up to 3 add-on cards and share their credit limit & travel benefits with family members.
IndusInd Bank and CRED Come Together to Offer Two Co-branded Credit Cards
16 September 2025
IndusInd Bank and CRED have collaborated to bring forth two co-branded credit cards. These are CRED IndusInd Bank RuPay Credit Card which is an entry-level card and Sovereign Credit Card which is an invite-only offering. CRED RuPay targets those who prefer to make online transactions by providing a value-back of up to 5% as rewards on these spends, including UPI transactions. On the other hand, Sovereign card comes with premium benefits and is designed for high net-worth individuals.
Swiggy HDFC Credit Card now offers discounts on Paytm Travel bookings
29 August 2025
Swiggy and HDFC Bank have upgraded their co-branded credit card by adding 6% discount on domestic and international flights and intercity bus bookings via Paytm Travel. This benefit is available for both existing and new cardholders.
Flipkart and SBI Card Launch Co-Branded Credit Card with Up to 7.5% Cashback
29 August 2025
Flipkart, in partnership with SBI Card, has launched Flipkart SBI Card offering up to 7.5% cashback across leading brands. Cardholders can earn 5% cashback on Flipkart and Cleartrip, 7.5% on Myntra, 4% on select merchants like Zomato, PVR, Netmeds and Uber, and 1% on other eligible spends. The card comes with a joining fee of Rs. 500 and a welcome gift card worth Rs. 250, along with an additional limited-time offer of up to Rs. 1,000 gift vouchers.
HSBC Bank Announces up to 12X Rewards on ‘Travel with Points’ Platform
21 August 2025
HSBC Bank has launched rewards marketplace similar to HDFC Bank’s SmartBuy and ICICI Bank iShop. Cardholders can redeem their reward points to make travel bookings through the platform wherein they can earn up to 12X rewards on hotel booking, up to 6X rewards on flight booking and 2X rewards on car rental. The 12X and 6X reward rates are currently applicable only on the bank’s premium offerings - HSBC Prive and HSBC Premier Credit Cards, whereas other eligible cards (like HSBC TravelOne, Visa Platinum and Rupay Platinum) will earn 6X and 4X rewards on these categories, respectively. This presents a significant saving opportunity for HSBC cardholders, particularly those who own premium cards.
IDFC FIRST Bank and Indigo Airlines Collaborate to Launch Co-branded Credit Card
4 Aug 2025
After their co-branded card collaboration with HDFC Bank and Kotak Mahindra Bank, Indigo Airlines has now partnered with IDFC FIRST Bank to launch Indigo IDFC FIRST Dual Credit Card. Available at an annual fee of Rs. 4,999, the card offers value-back as Indigo BluChips, which are redeemable against Indigo flight ticket bookings. Cardholders will get two physical credit card – Mastercard and Rupay variant – sharing a common credit limit. The bank also offers it as a Secured Card, backed by an FD of Rs. 1 lakh or more, suitable for people who are new to credit or are facing difficulty in getting a regular card due to a damaged credit score.
PhonePe Launches Co-branded Credit Cards with SBI Card
22 July 2025
SBI Card has joined hands with PhonePe to launch two credit cards - PhonePe SBI Card PURPLE and PhonePe SBI Card SELECT BLACK, wherein the former is base variant and the latter is a premium variant. Cardholders earn the highest rewards on utilities, recharges, bill payments, etc. made via PhonePe platform. In addition to this, the cards also offer accelerated rewards on other online spends. Since most cards exclude expenses like utilities and insurance payments from their rewards program, this card could be a good option for those who have considerable expenses in these categories and are loyal to PhonePe.
3.33% value-back across all spends
Unlimited domestic and international visits
Joining Fee: ₹10,000+ Taxes
Annual/Renewal Fee: ₹10,000+ Taxes
