New Credit Card Rules: Millions of customers of Kotak Mahindra Bank, Axis Bank and HDFC Bank are going to be shocked since 1 June 2025. The bank is going to make major changes in its credit card airport lounge access, fuel charanj and reward system. All these changes are necessary for customers who often spend bills, fuel, rent or other on credit cards. Now many important expenses such as electricity-water bills, school-faces, wallet loading, fuel, rent, government service, insurance and online gaming on reward points will not be available either or you will not get it till a fixed timeline.
Kotak Mahindra Bank (Kotak Mahindra Bank)
It is going to make a big change in all its credit card reward system. For example, there will be no rewards on the Kotak Privy League Signature Card and a reward on fuel, and the utility bills will get only up to Rs 75,000. Apart from this, now many cards will also be charged a new 1% transaction charge if you do more than the fixed limit like rent, education, wallet load, utility, fuel or online gaming. For example, this charge will be applicable to utility expenses of more than Rs 75,000 or fuel expenditure of more than Rs 50,000. The interest rate of cards is also being increased. Now there will be 3.75% (45% annually) every month. International transactions will be charged with dynamic currency conversion ranging from 2% to 5%. Also, the charge on failed auto debit instructions will also increase and now the minimum amount will be 1% of the total outstanding dues.
Axis Bank
Axis Bank has been making changes in its reward cards since 20 June 2025. Now getting a reward point will be based on the category of expenditure, not on the merchant code as before. This will make it easier for customers to understand which expenses will get rewards, but many expenses can also be out of the reward. However, Axis has also added some new offers on swiggy, which can give relief to food enthusiasts.
HDFC Bank (HDFC Bank)
HDFC Bank is also not far behind. Since 10 June 2025, the rules of airport lounge access on Tata Neu Infinity Credit Card are changing. Now the card will not get direct entry, but will get a voucher through SMS/email on spending Rs 50,000 every quarter, which will have to be used within 120 days and in 180 days. Domestic lounge will be benefited only 8 times every year, and the international access will remain the same. Rupay card holders will now have to pay an additional charge of $ 3.25 on every visit.