With its entry into 2025, the world has been currently experiencing loads of new changes to those possessing credit cards. RBI and other large banks including SBI, HDFC, and Kotak Mahindra have rewritten the terms of the credit card, which may have caused impact on your pocket and your financial planning. New charges, interventions to reward points, and adjustments in insurance facilities may stun you. So, let us learn these changes in a very simple and appealing manner in order to enable you use your credit card very wisely.
The New Limit On The Reward Points
The reward points have been limited to a monthly amount on HDFC bank. Infinia card has a limit of 10,000, Diners Black has a limit of 5,000, and other cards have the limit of 2000 points. The incentives synchronized on online gaming expenditure will end. This implies that you might be required to alter your spending behavior in the pursuit to get more rewards. No fee is charged on the payments of insurance, but point limit will be implemented.
Free Insurance Facility Terminates
SBI Card has withdrawn the provision of free air accident insurance on few of its premium cards effective July 15, 2025. SBI Card Elite, Miles Elite and Miles Prime with the Rs 1 crore cover will be discontinued. There is also cancellation of the Rs 50 lakh insurance in SBI Card Prime and Pulse. This alteration is a huge setback to the cardholders who had been using this facility.
The Card Change That Kotak Underwent
With effect from July 10, 2025, Kotak Mahindra Bank has ceased offering the Myntra Kotak Credit Card. All users shall be transferred to Kotak League Credit Card. One should check what the new card has to offer and what rewards the user can obtain because the previous perks will be outdated. Your expenditure and savings plan can be adversely impacted by this transformation.
Minimum Due Amount Changes
SBI Card has modified the minimum due amount (MAD). It will now include GST, EMI, fees, finance charges, and 100 percent of the amount exceeding the limit as also 2 percent of the amount outstanding. This is applicable starting July 15, 2025 and is meant to enable quicker repayment of loans.
The New Regulations Of RBI
In 2025, consumer protection and transparency became one of the accents of RBI. The new credit card issue must be preceded by OTP based consent. One should ensure that the process of closing the card must be completed within 7 working days failing which banks will levy a penalty of Rs 500 per day. The aim of these rules is to avoid fraud and unauthorized use.
Wise Application Tips
In such changes, prudent utilisation of credit card should matter. Take a retrospective of your expenses, identify alternative ways which you can use to make payments to prevent new and additional expenses.
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