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

Card Name	Current Insurance Benefit	What’s Changing (From July 15, 2025)
SBI Card Elite	₹1 crore air accident cover	Benefit discontinued
SBI Card Miles Elite	₹1 crore air accident cover	Benefit discontinued
SBI Card Miles Prime	₹1 crore air accident cover	Benefit discontinued
SBI Card Prime	₹50 lakh air accident cover	Benefit discontinued
SBI Card Pulse	₹50 lakh air accident cover	Benefit discontinued

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

Transaction Type	New Charge/Cap	Notes
Wallet Loading / Online Gaming	1% fee (capped at ₹4,999/month)	Applies to spends on PayTM, Mobikwik, and skill gaming
Utility Bill Payments	A fee applies if the spend exceeds ₹50,000 (consumer cards) / ₹75,000 (business cards)
Insurance Payments (Reward Points)	10,000 cap (Infinia), 5,000 (Diners Black), 2,000 (most others)	The Marriott Bonvoy card is exempt
Rent, Fuel, Education Payments	The existing 1% fee continues but is now capped at ₹4,999 per transaction	Fuel: Fee applicable only if > ₹15,000/₹30,000. Education: Fee applies only via third-party apps
Gaming Spends	No reward points

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:

Current Card	Status	New Card After Migration	Action Required
Myntra Kotak Credit Card	Discontinued (from July 10, 2025)	Kotak League Credit Card	Review new features, terms, and reward structures

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

Card Name	Transaction Type	Previous Benefit	What’s Changing (From June 12, 2025)
Amex Gold Credit Card	Fuel (petrol/diesel/CNG)	Reward points applicable	No reward points on any fuel purchases across all fuel types

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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