Indian credit card devaluation and rule change tracker

No Membership Rewards points on fuel from 12 June 2025, insurance or cash withdrawals

Utility earn is capped at 10,000 Membership Rewards points per calendar month

The ₹20,000 monthly milestone requires enrollment and both monthly milestones run on the calendar month, not the billing cycle.

Membership Rewards points have no expiry while the cardmember remains enrolled; after card cancellation, accrued points generally must be redeemed within 30 days.

Fuel, insurance, utilities, cash transactions and point-of-sale EMI do not earn Membership Rewards points

Priority Pass membership is complimentary, but the cardmember and accompanied guests pay the prevailing usage fee.

Membership Rewards points do not expire while the card is active and in good standing; after cancellation they are forfeited after 30 days.

Membership Rewards points do not expire while the Card account remains active and in good standing.

Point-of-sale and merchant-site EMI do not earn points; American Express SafeKey EMI and post-purchase conversions remain eligible under issuer terms.

Accelerated partners and caps can change. CardMasters does not apply merchant-only rates to broad spend categories.

LIT has no joining or annual membership fee, but optional features carry separate 90-day fees plus GST and auto-renew unless disabled.

Paid 5X/10X, cashback, fuel-waiver and lounge features are not included in recommendation value unless CardMasters can observe both selection and fee.

Utility and telecom earn one base point per ₹100 but are capped at 100 points per transaction; aggregate monthly inputs cannot reproduce that transaction-level cap.

Utility and telecom earn 1 Reward Point per ₹100, capped at 100 points per transaction; BBPS transactions earn no rewards.

The current AU product page mentions a 1,000-point statement-cycle milestone but does not expose the qualifying spend threshold, so CardMasters does not include it in estimated annual value.

Reward Points expire after 2 years and may be forfeited after 12 months of card inactivity.

Each successful redemption costs ₹99 plus GST.

Utility and telecom spending outside eligible Google Pay bill payments does not earn cashback

The 5% and 4% categories share a ₹500 cashback cap per statement cycle

Airtel and utility cashback caps are dynamic from 12 Apr 2026. With no eligible base spend in a statement month, those two categories earn no cashback.

4 complimentary domestic lounge visits removed entirely.

Zomato, Blinkit and District Movies benefits are partner-wallet value-back, not statement cashback; CardMasters does not infer this merchant-routed value from broad spend.

From 28 Aug 2026, Axis says the DCC markup rises from 1.5% to 3.5%, gift cards remain excluded, and bridge, road and toll spends become excluded.

selected transfer partners cut from 1:2 to 2:1; transfer-partner list revised

cashback exclusions moved from individual MCC identification to spend-category identification; the excluded categories did not change.

The ₹1,000 welcome value is a one-time 5,000-point benefit after the first transaction within 30 days for eligible joining-fee customers, so it is excluded from recurring value.

Axis Bank has announced another Cashback Card terms update effective 28 August 2026; CardMasters must recheck this record when the revised terms take effect.

5% cashback on Flipkart and on Cleartrip each capped at ₹4,000/statement quarter (was uncapped).

4 complimentary domestic lounge visits discontinued entirely.

The published base earn is 1 Star per cumulative ₹500 of eligible spend. Each Star is worth ₹1.

The first reward cycle earns 2 Stars per ₹500. Later cycles earn 2 Stars per ₹500 only when the previous reward cycle had at least ₹100 of net eligible spend.

Google Pay may offer 4X after ₹15,000 and 8X after ₹30,000 of current-cycle eligible spend when a cycle starts at 2X. These promotional rates can change, so CardMasters does not model them as guaranteed value.

Up to 1,500 Stars may be earned per reward cycle, of which Axis Bank funds at most 750 Stars.

Rent, cash withdrawals, financial-institution payments, insurance, education, government, card fees and charges, wallet loads, and jewellery/watch/silverware transactions do not earn Stars.

Travel EDGE and direct-airline transactions earn 5 EDGE Miles per ₹100; online travel agencies and travel agents earn only the 2-mile base rate.

The 5,000-mile welcome benefit is one-time and requires a first transaction of at least ₹1,000 within 30 days, so it is excluded from recurring value.

The 1,500-mile renewal benefit starts from the second anniversary year and is excluded from the recurring estimate because it depends on renewal-fee payment.

1 Jun–31 Jul 2026: Axis doubles the standard welcome voucher under a limited-period offer; recurring value uses the standard benefit

No rewards or milestone spend credit on government, insurance, utilities/telecom, rent, fuel, jewellery, wallet, EMI, cash-withdrawal, fee or charge transactions

Non-IndiGo UPI earn is capped at 750 BluChips per statement month

1 Jun–31 Jul 2026: Axis doubles the welcome BluChips under a limited-period offer; standard welcome value remains 5,000 BluChips

No annual-fee waiver — ₹5,000 + GST charged every year regardless of spend

No rewards on government, insurance, utilities/telecom, rent, fuel, jewellery or wallet loads

35 EDGE Reward Points per ₹200 apply only to eligible monthly spend above ₹1.5 lakh and remain subject to issuer credit-limit caps.

Travel EDGE acceleration requires issuer-portal routing and is excluded from broad travel-spend estimates.

Axis Bank has announced another Magnus for Burgundy terms update effective 28 August 2026; CardMasters must recheck this record then.

SonyLIV renewal on ₹1.5 lakh annual spend was discontinued and replaced by a 1,000-point annual-spend milestone.

Movie transactions do not earn EDGE Reward Points even though the card carries a separate District ticket offer.

Axis Bank has announced another My Zone terms update effective 28 August 2026; CardMasters must recheck this record when the revised terms take effect.

At ₹0.20 per point, base rewards equal about 0.10% before the redemption fee; Neo's main value comes from merchant discounts that CardMasters does not add to generic-spend estimates.

From 1 July 2025, Zomato provides flat ₹120 off at ₹499 minimum order value, twice monthly; RuPay UPI-linked Neo payments are excluded.

Axis may forfeit unredeemed points 30 days after card closure or after minimum amount due remains outstanding for more than 90 days.

gold and jewellery added to points exclusions; government, utilities, gold and jewellery, rent, wallet, insurance, fuel and education excluded from milestone and fee-waiver calculations

EDGE miles transfer partners split into Group A (1L pts/yr cap) and Group B (4L pts/yr cap)

the Swiggy offer changed to a flat ₹150 instant discount on eligible ₹500+ orders, twice per calendar month.

The 5,000-point welcome benefit is one-time and requires ₹1,000 cumulative net spend within 30 days, so it is excluded from recurring value.

The anniversary membership bouquet depends on renewal-fee payment and settlement of the minimum amount due, so it is excluded from the recurring estimate.

Axis Bank has announced another terms update effective 28 August 2026; CardMasters must recheck this record when the revised terms take effect.

Samsung cashback and preferred-partner rewards require eligible merchant routing and are excluded from generic-spend estimates.

EDGE Reward Points expire after three years and can also expire after 365 consecutive days without an earn, redemption or EDGE REWARDS login.

Axis Bank has announced another terms update effective 28 August 2026; CardMasters must recheck this record when the revised terms take effect.

Retail Shopping includes department stores, grocery and apparel, but CardMasters models only grocery because the profile does not capture the other merchant categories.

EDGE Reward Points on EMI-converted purchases are reversed and are not restored if the EMI is cancelled.

BOBCARD states that exclusions apply to the advertised value-back rates; consult the current card terms before relying on a specific transaction category.

Etihad Guest Miles have no cash value and can be redeemed only through the Etihad Guest programme; CardMasters uses a conservative ₹0.50-per-mile estimate for comparison.

The issuer's monthly bonus requires four transactions, so it is excluded from modeled recurring value.

Etihad Guest Miles have no cash value and can be redeemed only through the Etihad Guest programme; CardMasters uses a conservative ₹0.50-per-mile estimate for comparison.

The issuer's monthly bonus requires four transactions, so it is excluded from modeled recurring value.

updated category rewards and redemption values apply; 10,000 Jewels redeem for ₹1,400 toward statement credit, bills or cash-equivalent options and ₹2,000 toward store, vouchers or digital gold

Edge+ Jewels require eligible transactions through Jupiter UPI; issuer-listed shopping merchants and Jupiter Flights are not inferred from broad online or travel spend.

Cash redemption is worth ₹0.10 per point; catalogue redemptions can be worth up to ₹0.25 per point and incur at least a ₹99 redemption fee.

Rent, fuel, cash, wallet loads, government, financial-institution and quasi-cash transactions do not earn points.

Domestic lounge access requires ₹60,000 qualifying spend in the preceding quarter; international access is limited to two visits per year.

Insurance rewards are capped at 5,000 points/month; utility, telecom and grocery rewards are capped at 2,000 points/month under the issuer's grouped wording.

Total reward accrual is capped at 75,000 points per statement cycle.

Flight/hotel redemptions are capped at 75,000 points/month and may cover at most 70% of the booking; cashback redemptions are capped at 50,000 points/month.

Selected airline and hotel loyalty transfers, including Turkish, Accor and Avianca LifeMiles, convert at 2 Reward Points to 1 loyalty point.

SmartBuy can earn up to 10X, but merchant-specific routing is excluded from modeled generic-category value.

At ₹0.15 per CashPoint, the base return is only 0.075% before the ₹50 redemption fee.

Only transactions of ₹200 or multiples of ₹200 earn CashPoints.

Utility and telecom earnings are each capped at 2,000 CashPoints/month; grocery at 1,000 points/month; RuPay UPI at 500 points/month.

Education payments through third-party apps do not earn rewards; direct school or college payments may earn the base rate.

The old 0.99% introductory interest feature is not available on cards sourced from 1 February 2024 onward.

From 1 Jul 2026, accelerated rewards on SmartBuy brand vouchers through GyFTR/Woohoo are capped at 3,000 RP/month within the overall 15,000 accelerated-RP monthly cap.

Redemption is capped at 2,00,000 RP per statement cycle; flights, hotels and airmiles at 1,50,000 RP/month; statement credit at 50,000 RP/month. Eligible travel, Apple and Tanishq redemptions can cover up to 70% of the transaction.

Insurance rewards are capped at 10,000 RP/month; grocery, utility and telecom rewards at 2,000 RP/month for each published category.

Reward Points expire after three years and are nullified after 365 days without a retail transaction on the card.

Rent, property-management and government spends do not earn rewards. A 1% fee applies from the second third-party rent transaction in a calendar month.

Points redeem only for train tickets through HDFC SmartBuy: minimum 100 points, maximum 70% of fare, and ₹99 + GST per successful redemption.

The recommendation treats generic EMI as ineligible because the profile cannot distinguish eligible merchant-EMI principal from excluded Smart/Dial EMI, interest, processing fees and GST.

Rewards accrue only on settled transactions of at least ₹100 and complete ₹100 multiples; monthly profile totals cannot reproduce per-transaction rounding.

The separate 5% SmartBuy cashback is dynamic and capped at ₹1,000/month and ₹12,000/year, so it is disclosed but not included without routed-spend confirmation.

Marriott Bonvoy points have no issuer-guaranteed cash value. CardMasters uses a conservative ₹0.40 stay valuation only when the user declares travel demand; otherwise recurring reward value is zero.

Points expire after 24 consecutive months without qualifying Marriott Bonvoy activity; eligible earning or redemption activity resets inactivity.

Entertainment and participating-Marriott merchant routing cannot be inferred from the current onboarding categories, so those rates are not applied to generic spend.

1% fee on rent, utility >₹50k/mo and gaming/wallet-loads >₹10k/mo (cap ₹4,999/mo); no reward points on gaming/wallet-load spends.

Only transactions of ₹200 or multiples of ₹200 earn CashPoints.

Grocery earnings are capped at 1,000 CashPoints/month; RuPay UPI earnings are capped at 500 CashPoints/month. These route-specific caps are not separately modeled.

Statement credit is ₹0.20 per CashPoint and costs ₹50 per redemption. Catalogue and SmartBuy travel can be worth up to ₹0.25 per point, with separate redemption restrictions and handling fees.

Education payments through third-party apps do not earn rewards; direct school or college payments may earn the base rate.

Paytm accelerated rates require Paytm-routed spend and are excluded from the estimate because the profile does not capture that route.

Statement cashback requires at least 500 CashPoints, is capped at 3,000 points/month and costs ₹50 per redemption request.

CashPoints are nullified after more than 365 days of card inactivity.

The 2% rate requires eligible bills or travel transactions initiated in PhonePe using the PhonePe card; issuer MCC and VPA/TID rules apply.

The 1% online-brand and QR Scan & Pay routes are disclosed but excluded from the estimate because the profile does not capture those routes.

Statement cashback requires at least 500 points. HDFC's July 2026 MITC states that PhonePe Uno points expire after one year; the older June product FAQ still says two years, so the estimate uses the newer, conservative term.

PIXEL CashPoints require at least 500 points before redemption to the PayZapp wallet for eligible brand vouchers.

The current product page advertises lifetime-free issuance, while HDFC's separate fee page still publishes the former ₹500 fee and ₹1 lakh waiver schedule; confirm the pricing displayed in the application journey.

The 5% and 3% rates depend on merchant packs and one platform selected during PayZapp setup; CardMasters does not apply them to generic category spend.

PIXEL CashPoints can be redeemed only after accumulating 1,000 points, into the PayZapp wallet for eligible brand-voucher purchases.

RuPay UPI earns 1%, capped at 500 CashPoints/month; SmartBuy can earn 5%, capped at ₹500/month, but overlapping offers cannot be combined.

1% fee on rent, utility above ₹50,000 and gaming/wallet loads above ₹10,000, subject to issuer caps; gaming and wallet-load spends earn no CashPoints.

base earn cut from 4 RP/₹150 to 5 RP/₹200 (~6% lower reward rate).

domestic lounge now spend-gated — 3 visits/quarter need ₹60,000 spend in the previous quarter.

Flight/hotel, cashback and airmile redemptions are capped at 50,000 points/month; travel bookings permit at most 70% payment with points.

Points are nullified after more than 365 days without a card transaction.

HDFC's product page and milestone PDF conflict on whether both ₹5 lakh and ₹7.5 lakh annual flight-voucher thresholds apply; the current product page lists both.

Cashback is credited as statement credit in the subsequent statement period.

The 10% route requires an eligible Swiggy transaction of at least ₹249; 5% and 1% routes require an eligible transaction of at least ₹100.

Monthly caps are ₹1,500 for eligible Swiggy spend, ₹1,500 for eligible online merchants and ₹500 for other eligible categories.

Ordinary eligible UPI earns 0.5%; the extra 1% requires the RuPay variant and Tata Neu UPI ID. The routes share a 500 NeuCoin monthly cap.

The 5% Tata-brand rate requires an eligible merchant MID/TID and a non-UPI transaction. The separate NeuPass benefit is conditional and is not included in the estimate.

Grocery, insurance, utility, and telecom/cable each have a 2,000 NeuCoin monthly cap. NeuCoins expire 12 months from the end of the month in which they are credited.

The separate NeuPass benefit can add 5% on selected Tata Neu purchases but is conditional and is excluded from modeled value.

Eligible UPI spend can earn up to 1%, subject to issuer route and cap conditions; UPI-routed spend is not modeled.

The 4-points-per-₹100 accelerator covers flights, published travel-aggregator MCCs and foreign-currency transactions; it is capped at 50,000 points/month then reverts to base earning

Partner conversion ratios and rupee values vary; CardMasters uses an explicitly internal ₹0.30 conservative estimate rather than presenting a dynamic issuer value as guaranteed

Merchant Category Codes control earning; utilities, education, government, jewellery, insurance, tax and several financial transaction types earn no points

1% fee introduced on wallet-load transactions of ₹5,000 or more

Rent and e-wallet loads do not earn points. Fuel, cash withdrawals, fees and EMI transactions are also excluded under current ICICI terms.

ICICI charges ₹99 plus GST for each reward redemption request; CardMasters includes one such request when points create redeemable annual value.

Unredeemed points expire after three years and are forfeited when the Credit Card account is closed.

ICICI publishes reward-point value as up to ₹1 depending on redemption. CardMasters uses ₹1 only when the user declares travel redemption demand; otherwise recurring reward value is zero rather than assuming an unsupported catalogue value.

Grocery, utility and education earn is capped at 1,000 points per category per statement cycle; insurance is capped at 5,000 points.

Invitation and approval remain controlled by ICICI Bank.

The 400-point essential-spend cap is shared across utilities, groceries, telecom, government, tax and departmental-store transactions

The 1% HPCL surcharge waiver applies only to ₹400–₹4,000 transactions; separate HP Pay Happy Coins require the HP Pay route and are excluded from recurring value

myCash is credited to the primary Cardholder's MakeMyTrip wallet, does not expire, and cannot be encashed or transferred to a bank account.

MakeMyTrip-specific earn is not applied to generic travel spend unless CardMasters can observe the merchant route.

Rent and e-wallet loads do not earn points. Fuel, cash withdrawals, fees and EMI transactions are also excluded under current ICICI terms.

ICICI charges ₹99 plus GST for each reward redemption request.

Unredeemed points expire after three years and are forfeited when the Credit Card account is closed.

Rent and e-wallet loads do not earn points. Fuel, cash withdrawals, fees and EMI transactions are also excluded under current ICICI terms.

ICICI charges ₹99 plus GST for each reward redemption request.

Unredeemed points expire after three years and are forfeited when the Credit Card account is closed.

CardMasters values Reward Points at the published ₹0.40 statement-credit rate, not the up-to-₹1 catalog value.

iShop advertises up to 6X on flights and vouchers and up to 12X on hotels; portal-specific variable rates are not applied to generic travel spend.

10X Reward Points apply only to incremental spend above ₹20,000 in a statement cycle. CardMasters models the 5X tier that applies up to that threshold, so the figures here understate a month where spend runs well above ₹20,000.

Rent, education, wallet loads and government payments earn 3X and insurance earns 1X — lower than the headline rate, but unlike most Indian cards these categories still earn rather than being excluded.

Cash withdrawals, fees, charges and GST are not eligible for Reward Points. EMI amortization is excluded from the benefit.

Effective 18 June 2026 the reward programme changed: 10X now applies from the first eligible dining, travel or international transaction, and the earlier ₹20,000 billing-cycle threshold no longer applies. Pages still showing the old structure are stale.

Insurance, utilities, railways and FASTag recharges earn 1X, not the 3X base.

UPI spend earns 1X up to ₹2,000 per transaction and 3X above ₹2,000. CardMasters does not model per-transaction UPI value because the profile captures monthly totals, not transaction size.

No Reward Points are earned on fuel, EMI transactions or cash withdrawals.

Reward Points are earned only on spends up to the credit limit in a billing cycle; spend beyond it earns nothing.

Reward Points are valid for 24 months from the date they are credited.

10X Reward Points apply only to incremental spend above ₹20,000 in a statement cycle. CardMasters models the 5X tier that applies up to that threshold, so the figures here understate a month where spend runs well above ₹20,000.

Rent, education, wallet loads and government payments earn 3X and insurance earns 1X — lower than the headline rate, but unlike most Indian cards these categories still earn rather than being excluded.

Cash withdrawals, fees, charges and GST are not eligible for Reward Points. EMI amortization is excluded from the benefit.

Bonus Reward Points are capped at 25,000 per month.

Effective 18 June 2026 the reward programme changed: 10X now applies from the first eligible dining, travel or international transaction, and the earlier ₹20,000 billing-cycle threshold no longer applies. Pages still showing the old structure are stale.

Insurance, utilities, railways and FASTag recharges earn 1X, not the 3X base.

UPI spend earns 1X up to ₹2,000 per transaction and 3X above ₹2,000. CardMasters does not model per-transaction UPI value because the profile captures monthly totals, not transaction size.

No Reward Points are earned on fuel, EMI transactions or cash withdrawals.

Reward Points are earned only on spends up to the credit limit in a billing cycle; spend beyond it earns nothing.

Reward Points are valid for 24 months from the date they are credited.

App travel bookings earn 20% bonus Reward Points on hotels and 10% on flights, capped at 8,000 bonus points per calendar month. Not modelled, because it requires booking through the issuer's app rather than ordinary card spend.

The product page still shows the retired "10X on incremental spends above ₹20,000" wording alongside the current category-based structure. CardMasters models the current structure, per IDFC's 18 June 2026 communication.

From 19 June 2026, 10X is category-based on eligible dining, travel, international and birthday purchases; the old incremental-spend-above-₹20,000 route no longer applies.

Reward Points are valid for 24 months from credit. Some FAQ copy on the issuer page still says points never expire, but the current detailed reward blocks explicitly state the 24-month validity.

Reward Points are earned only on spends up to the credit limit in a billing cycle; transactions beyond the limit do not earn points.

Each reward redemption costs ₹99 plus GST. Utility, insurance, railway and FASTag purchases earn only 1X; railway and FASTag spend are not separately modeled.

Effective 18 June 2026: base unit changed to ₹200, 10X moved to dining/travel/international from first eligible transaction, and points earned from the July 2026 statement cycle expire after 24 months

Utilities, insurance, railway spends and FASTag recharge earn only 1 point per ₹200; rent, government, education and wallet load are outside the 10X categories

Rewards apply only to spends up to the credit limit in each billing cycle; redemption costs ₹99 plus GST

No Reward Points are earned on fuel, EMI-converted transactions, fees and their GST, loan on card, balance transfer, cash withdrawals, or any transaction below ₹200. A fuel surcharge waiver still applies.

Insurance, utility, FASTag and railway spends earn 1 Reward Point per ₹200 rather than the base 4.

UPI spend through a linked FIRST DIGITAL card earns 3 Reward Points per ₹200 above ₹2,000 per transaction and 1 below it. CardMasters does not model per-transaction UPI value, because the profile captures monthly totals rather than transaction size.

Reward Points are earned only on spends up to the credit limit in a billing cycle, and the credit limit is set by the fixed deposit securing the card.

Reward Points are valid for 24 months from the date they are credited.

App travel bookings earn 10% bonus Reward Points on hotels and 5% on flights, capped at 8,000 bonus points a calendar month. Not modelled, because it requires booking through the issuer's app rather than ordinary card spend.

Insurance, utilities, rent, government, wallet load, railways, FASTag and education earn only 1 RP/₹150.

Travel redemption value is ₹1/point and can cover up to 70% of an eligible app booking; other listed redemptions are ₹0.25/point.

UPI cashback is 1% only for Scan & Pay through the IDFC FIRST Bank app. Third-party UPI-app spend earns no cashback, so CardMasters does not infer UPI value from an aggregate monthly input.

Total cashback is capped at ₹500 per statement cycle across all categories.

Cashback is posted only when at least the Minimum Amount Due is paid by the Payment Due Date; otherwise that cycle's cashback is forfeited.

Select categories earn 0.5% and do not count towards the online-spend threshold: utilities, rent, jewellery, wallet loads, insurance and government services.

EMI transactions and ATM cash withdrawals earn no cashback.

Annual reward multipliers apply progressively to incremental anniversary-year spend, not retroactively to all spend.

Fuel earns no points. Utility, insurance, government, education, real-estate and rent transactions do not earn accelerated points.

Cash-credit redemption is capped at 5,000 Reward Points per calendar month.

International purchases earn no Reward Points; the card's overseas value comes from the 0% foreign currency markup rather than rewards.

annual-fee reversal threshold increased from ₹50,000 to ₹1,00,000 of annual spend.

BPCL fuel rewards require eligible BPCL merchant recognition; generic fuel spend is conservatively excluded from modeled value.

The ₹99 redemption fee plus GST applies to reward-redemption requests; route-specific terms may differ.

Fuel value combines 3.25% rewards with a 1% surcharge waiver on eligible BPCL POS transactions up to ₹4,000; the waiver is capped at ₹100 per statement cycle.

BPCL fuel rewards require eligible BPCL merchant recognition; generic fuel spend is conservatively excluded from modeled value.

The ₹99 redemption fee plus GST applies to reward-redemption requests; route-specific terms may differ.

Fuel-surcharge waiver applies only to eligible BPCL POS fuel transactions and not UPI fuel payments.

From 1 April 2026, online cashback is capped at ₹2,000 and offline cashback at ₹2,000 per statement cycle, with a ₹4,000 aggregate ceiling.

Cashback does not apply to merchant EMI, Flexipay EMI, utility, insurance, fuel, rent, wallet, education, jewellery, railways, gift-card, digital-gaming, toll and government-related transactions.

Cashback is based on transaction posting or settlement date and is normally credited automatically within two working days after statement generation.

Cashback is automatically credited after the statement cycle; each accelerated merchant group has a separate ₹4,000 calendar-quarter cap.

Transactions below ₹100 and excluded merchant categories earn no cashback.

The annual fee is waived on ₹3.5 lakh of eligible annual spend.

Rail, air and e-catering bonuses apply only through the named IRCTC channels and eligible bookings

Since 1 July 2024, cashback has been replaced by equivalent-value Reward Points at ₹1 per Reward Point.

Education and school payments stopped earning Reward Points from 9 March 2026.

All Reward Points are forfeited after 13 consecutive months without a purchase transaction.

Reward Points expire after 24 months; eligible transactions must be at least ₹100.

₹1 crore air-accident insurance was discontinued from 15 July 2025; the ₹1 lakh fraud-liability cover remains.

Reward redemptions for physical products, statement credit and specified physical vouchers may attract ₹99 plus taxes.

Priority Pass use within India, guest visits and visits after the six complimentary international visits are charged up to US$27 plus taxes.

Travel Credits are valued at ₹0.50 through SBI Card travel bookings unless a user can realize a partner transfer value; CardMasters uses the lower published route.

Complimentary ₹1 crore air-accident insurance was discontinued on 15 July 2025.

Jul 2025: complimentary ₹50L air accident insurance withdrawn

2025: Club Vistara Silver and Trident Privilege Red memberships discontinued

Apr 2026: statement-credit redemption capped at 60,000 pts/month in fixed 4,000-pt blocks

SBI's current product page still includes Swiggy in its 10X list, but its dated customer notice reduced Swiggy to 5X from 1 April 2025; CardMasters applies the dated revision.

Utility payments made through SBI Card's website or app do not receive 5X rewards; they are valued only at the standard rate.

From 1 April 2026, statement-credit redemption uses fixed 4,000-point blocks and is capped at 60,000 points per card per calendar month; CardMasters conservatively values points at ₹0.25 through the rewards catalogue instead.

Fuel is excluded from Reward Points (MCC 5172, 5541, 5542, 5983). A separate 1% fuel surcharge waiver applies on transactions between ₹500 and ₹3,000, capped at ₹100 per statement cycle.

10X accrual on dining, movies, departmental stores and grocery is capped at 5,000 Reward Points per calendar month. Above the cap these categories earn the base 1 Reward Point per ₹150.

Reward Points expire 24 months after they are credited.

SBI publishes further reward exclusions only in its Shop-and-Smile Rewards Program terms, which are not available on sbicard.com. CardMasters models rent, wallet loads and government payments as non-earning on this card — that is a conservative CardMasters assumption, not an SBI statement.

Slice credits 1 monies unit per ₹1 of eligible spend, but cash redemption starts at 1% while the monies balance is up to ₹3 lakh. This conservative 1% cash value is used in recommendations.

The 1.5% and 2% redemption slabs require monies balances above ₹3 lakh and ₹5 lakh. The advertised 3% additionally requires a ₹5 lakh average quarterly Slice savings balance, so none of these higher slabs are assumed.

International transactions have zero bank forex markup but do not earn monies. Spark offers are personalized, activated, capped and time-bound, so they are not included in recurring value.

From 15 October 2024, complimentary international lounge access (within and outside India) was discontinued; domestic access is 2 visits per calendar year.

Utilities, supermarkets, insurance, rent/property management, schools and government payments earn 3 points per ₹150 (2%), not the headline 5 points per ₹150

Fuel earns no reward points; a 1% surcharge waiver is capped at ₹1,000/month

Rent payments also incur a 1% processing fee plus taxes

CardMasters uses the published ₹0.10 statement-credit value; the up-to-₹0.25 flight and hotel value depends on redemption route.

Online travel and airline acceleration is not applied to generic travel spend because the profile does not capture online merchant routing.

A ₹100 plus GST fee applies to each reward redemption request from 15 June 2026.

Originally launched with 3% on online shopping; structure shifted to 6% dining+travel — verify current category list before applying

CardMasters models ₹0.50 per POPcoin conservatively from POP's current 5%-back claim and YES BANK's published 10 POPcoins per ₹100 online earn; actual POP-app redemption options can vary.

Government and marketing/advertising transactions stop earning from the issuer's June 2026 statement cycle update.

This record covers only the YES BANK Klick card. AU KOSMO, PNB Kiwi, YES BANK credit-line and legacy Axis-Kiwi products are distinct and are not represented by this record.

Kiwi advertises separate promotional cashback and Neon membership benefits; these can change and are excluded from the recurring recommendation value.