HDFC, Kotak & American Express Credit Card Rule Changes Coming Into Effect in July 2025

Q1 of FY 2025-2026 has just wrapped up, and the economy is stepping into the next quarter with many key shifts in motion. From a 50-basis-point (bps) repo rate cut by the Reserve Bank of India (RBI) to declining interest rates on savings and fixed deposits, the financial situation is changing every second. 

Quarter 2 of FY 2025-2026 has brought some other changes, this time directly affecting credit card users. Major issuers like SBI Card, HDFC Bank, Kotak Mahindra Bank, and American Express are revising their credit card rules.

Scroll down to check the changes in the credit cards which you own.

What are the New Changes in the SBI Credit Card?

SBI Card has rolled out multiple updates, effective July 15, 2025, that impact the way your credit card benefits and payments work. One of the key changes includes the discontinuation of complimentary air accident insurance, along with updates to minimum payment calculations and settlement orders.

Refer to this table to know more about the changes to SBI credit cards

These changes mean that cardholders will no longer be eligible for complimentary air accident insurance after July 15, 2025.

Read More - RBI's 2025 Credit Score Reforms: Implications for Loan Eligibility

What are the New Changes in HDFC Credit Cards?

HDFC Bank will revise its credit card charges starting July 1, 2025, focusing on transparency and aligning with user spending patterns. While some transactions will attract new charges, reward structures have also been capped.

Key updates to HDFC credit cards are summarized below

The aim is to curb misuse of credit cards for non-standard spending while rewarding regular and essential usage patterns.

What are the Changes in Kotak Mahindra Bank Credit Card?

Kotak Mahindra Bank has made a major product-level change for its co-branded credit card portfolio. The Myntra Kotak Credit Card will be discontinued starting July 10, 2025.

Here’s what customers need to know:

Existing users will be migrated automatically and should ensure they’re aware of what the new card offers — and what it doesn’t.

What are the New Changes in the American Express Credit Card in 2025?

American Express has also tweaked its rewards program. The Amex Gold Credit Card will no longer offer points for fuel spends.

Also Read - Top 5 Credit Cards Offering Maximum Cashback

Here’s the change summarized

This means that cardholders will no longer earn any reward points when purchasing fuel using their Amex Gold Credit Card, effective mid-June 2025.

Conclusion

These upcoming credit card changes are a reminder of how unpredictable the personal finance space has become. Whether you're a premium cardholder or use your credit card for everyday transactions, staying informed is crucial. 

Review your card’s terms, adjust your spending strategies, and plan to avoid unexpected fees or lost benefits.

As credit card companies continue to tighten and tweak their offerings in response to evolving consumer behaviour and regulatory requirements, being aware of such updates can help you maximise value and avoid unpleasant surprises.

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