Archive · 2 Jun 2025
Credit Card Updates: Banks Revamp Rewards, Fees, and Lounge Access
Starting in June 2025, some banks are changing how their credit cards work.
Kotak Mahindra Bank will change rewards and add fees, like for rent and fuel.
Axis Bank's rewards card will stop giving points for certain purchases.
HDFC Bank's Tata Neu Infinity cardholders will need to spend a certain amount each quarter to get lounge access.
Also, using a RuPay card at international airport lounges will now cost extra.
These changes mean your card might earn fewer rewards or cost you more in fees, so it's essential to be aware of these updates.
Kotak Mahindra Bank is overhauling its credit card reward system and introducing new fees starting June 1, 2025.
Axis Bank is modifying its REWARDS credit card, removing rewards on certain spending categories from June 20, 2025.
HDFC Bank will change lounge access for Tata Neu Infinity cardholders, requiring a quarterly spend to earn vouchers starting June 10, 2025.
Kotak Mahindra Bank is increasing interest rates and implementing dynamic currency conversion fees.
RuPay cardholders with HDFC Bank will now pay an additional fee for international lounge visits.
- Who
- Credit cardholders and the respective banks (Kotak Mahindra, Axis, HDFC)
- What
- Changes to credit card rewards, fees, and lounge access policies by Kotak Mahindra Bank, Axis Bank, and HDFC Bank.
- When
- Starting from June 1, 2025, with different timelines for each bank.
- Where
- Various banks across India
- Why
- Banks are updating their rewards programs, fees, and access rules to manage costs, adapt to spending habits, and offer benefits.
Banks
Cardholders
Rewards and Fee Adjustments
Banks
Banks are adjusting rewards and fees to manage costs and adapt to changing consumer spending habits.
Cardholders
Some cardholders might be frustrated by reduced rewards and increased fees.
Lounge Access Policies
Banks
Banks are adjusting lounge access policies to control costs and offer the benefit to those who spend more.
Cardholders
Changes in lounge access could inconvenience travelers who previously had easy access.
- Kotak Mahindra Bank: Reward Changes Start
- June 1, 2025
- Axis Bank: Reward Changes Start
- June 20, 2025
- HDFC Bank: Lounge Access Changes
- June 10, 2025
- HDFC Tata Neu Infinity Card: Quarterly Spend for Lounge Access
- ₹50,000
- RuPay Cardholders: International Lounge Fee
- $3.25 per visit
- Kotak: Monthly Interest Rate Increase
- 3.50% to 3.75%
