Starting in April 2025, several major banks in India may undergo changes to their credit card reward points, affecting cardholders. Reports suggest that SBI Bank, IDFC First Bank, and Axis Bank are likely to make changes, although these have not been officially confirmed. Specifically, SBI Bank’s reward points system may be revised, with potential reductions in points for certain purchases. For example, the Air India Platinum Credit Card’s 15 points per 100 rupees spent may be reduced to 5 points. Similarly, the Signature Credit Card’s 30-point earning rate may be lowered to 10 points.
IDFC First Bank’s Club Vistara Credit Card, which provides Maharaja Points, may be discontinued after March 31, 2025. Axis Bank’s Vistara credit card may also undergo changes, with no annual fee for card renewal starting April 18, 2025, and discontinuation of the Maharaja Club membership.
Using a credit card offers various advantages, including deductions of spent amounts from one’s account the following month, a spending limit specific to each card, and perks such as reward points and cashback offers. Credit card usage can also help boost one’s CIBIL score and provide quick payment options in emergencies. The changes announced, if confirmed, may impact cardholders’ earning potential and overall banking experience.