As of April 1, 2025, new credit card rules will come into effect in India, affecting account holders at major banks such as State Bank of India (SBI), Axis Bank, and IDFC First Bank. These changes will impact credit card benefits, reward systems, and policies, and it is essential for cardholders to be aware of these changes to maximize their benefits and avoid penalties.
The SBI Card reward points program is undergoing significant changes, with SimplyCLICK SBI cardholders no longer earning 10X reward points on Swiggy transactions, but instead receiving 5X. However, other partner brands, such as Myntra, BookMyShow, and Apollo 24, will still offer 10X reward points.
The Air India SBI Platinum Credit Card and Air India SBI Signature Credit Card will also see changes, with the rewards points per Rs 100 spent on Air India ticket reservations decreasing from 15 and 30, respectively, to 5 and 10.
Axis Bank is updating its Vistara Credit Card, waiving annual charges for cardmembers who renew their cards on or after April 18, 2025. However, complimentary memberships in Maharaja Club tiers are being discontinued, eliminating certain high-value inclusions.
IDFC First Bank is eliminating milestone rewards for its Club Vistara Credit Card, and cardholders will no longer be able to earn Maharaja Points. The card will be phased out, and free Club Vistara Silver Membership and travel benefits, such as Premium Economy Ticket vouchers and class upgrade vouchers, will no longer be available. Cardholders who renew their cards after March 31, 2025, will have their annual fee waived for one year, but primary travel benefits will be deleted.
It is crucial for credit card users to familiarize themselves with these changes to ensure they continue to receive maximum benefits and avoid any unexpected penalties during the upcoming financial year.