The Credit Card Expert

IndusInd Bank Credit Cards: An Important Update for Students and Parents Starting January 2025, education payments made using IndusInd Bank Credit Cards will see a 1% fee (plus GST) for amounts exceeding ₹45,000 in a single monthly statement cycle. This means: - Payments up to ₹45,000 remain free through platforms like PhonePe, Paytm, NoBroker, and more. - For amounts exceeding ₹45,000, a 1% fee applies to the surplus. For example: If you pay ₹45,500 in a month, you’ll be charged just ₹5 as a processing fee. Why does this matter? For students and parents managing education expenses, understanding these changes can help you better plan payments to avoid unnecessary fees. IndusInd has already applied similar charges for utility bills and wallet recharges since October 2024—this new step follows the same approach. What are your thoughts on such fees for education? Drop your comments below. P.S. Share this update to help others stay informed! ♻️ #TheCreditCardExpert #IndusIndBank

Big Changes Ahead for Axis Bank Credit Cards (And how they could affect you starting December 20, 2024) Are you an Axis Bank credit card holder? Then, this is for you. Effective December 20, 2024, Axis Bank is rolling out significant changes across its credit card portfolio—changes that reflect a growing trend among leading banks like HDFC Bank, IDFC FIRST Bank, and ICICI Bank. Here’s a quick breakdown of what’s changing: - Dynamic Currency Conversion Markup fee increases from 1% to 1.5%. - Reward Redemptions ₹99 per redemption on EDGE Rewards transactions. ₹199 for transferring EDGE Rewards/Miles to other loyalty programs. - Cash Payments and Late Fees Branch cash payment fees rise from ₹100 to ₹175. New penalties for consecutive missed payments. - Spending Limits A 1% transaction fee applies to wallets over ₹10,000, fuel above ₹50,000, and more. Specific cardholders take note: - Samsung India Axis Bank INFINITE Credit Card Cashback for Samsung products now applies to purchases made on Amazon (not Flipkart). - Flipkart Axis Bank Credit Card No cashback for government services like MCCs 9222, 9311, and 9402. The fine print reveals many updates that could affect how you use your card daily—from interest rates to benefits like lounge access. This marks another wave of devaluations in the credit card space. Staying informed helps you make smarter financial decisions and avoid unnecessary fees. If this was helpful, consider sharing it ♻️ with your network to keep them updated! P.S. How are you adapting to the evolving banking landscape? #AxisBank #TheCreditCardExpert

✈️ Krisflyer SBI Card: A New Milestone for Indian Travelers! Singapore Airlines and Sbi Cards have launched the KrisFlyer SBI Credit Card, now available in two variants—Base and Apex—to redefine the rewards experience for frequent flyers. Key Highlights: 💳 Base Variant: - Annual Fee: ₹3,540 (including GST). - Rewards: ➡ 5 KrisFlyer miles/₹200 on Singapore Airlines Group and international spends. ➡ 4 domestic + 4 international lounge visits/year. ➡ Milestone Rewards: Elite Silver membership on ₹2.5L annual spending (Singapore Airlines ecosystem). 💳 Apex Variant: - Annual Fee: ₹11,800 (including GST). - Rewards: ➡ 10 KrisFlyer miles/₹200 on Singapore Airlines Group spends, 8 miles/₹200 on international spends. ➡ 8 domestic + 8 international lounge visits/year. ➡ Milestone Rewards: Elite Gold membership on ₹7.5L annual spending (Singapore Airlines ecosystem). 💳 Additional Perks: ➡ Accelerated rewards on Scoot, Kris+, Pelago, and KrisShop. ➡ Priority Pass access valid for 2 years. ➡ Joining Bonus: 3,000 (Base) and 10,000 (Apex) KrisFlyer miles. Bottom Line: The Apex variant delivers a strong 3% reward rate and premium travel benefits. Frequent flyers looking for robust lounge access and accelerated rewards in the Singapore Airlines ecosystem will find this card valuable. 💬 Frequent travelers, is this the travel card you’ve been waiting for? Share your thoughts! ♻️ Repost to inform your network about this exciting new launch. #TheCreditCardExpert #SingaporeAirlines #SBICard #KrisFlyer Image credit - Singapore Airlines

𝗔𝗺𝗲𝗿𝗶𝗰𝗮𝗻 𝗘𝘅𝗽𝗿𝗲𝘀𝘀 𝗟𝗮𝘂𝗻𝗰𝗵𝗲𝘀 𝗥𝗲𝘄𝗮𝗿𝗱 𝗫𝗰𝗲𝗹𝗲𝗿𝗮𝘁𝗼𝗿 𝗶𝗻 𝗜𝗻𝗱𝗶𝗮: 𝗘𝗮𝗿𝗻 𝟮𝟬𝗫, 𝟭𝟬𝗫, 𝗮𝗻𝗱 𝟱𝗫 𝗠𝗲𝗺𝗯𝗲𝗿𝘀𝗵𝗶𝗽 𝗥𝗲𝘄𝗮𝗿𝗱𝘀 𝗣𝗼𝗶𝗻𝘁𝘀! Attention American Express credit cardholders! The Reward Xcelerator program has officially landed in India, bringing unparalleled rewards for your shopping experience. Here’s what you need to know: 💎 20X Membership Rewards Points - Centurion & Platinum Cards - Partner Brands: Darveys, RAS, and more. 🛍 10X Membership Rewards Points - Centurion & Platinum Cards - Partner Brands: Tata CLiQ Luxury, Bulgari, CocoCart, and Whispering Homes. ✈️ 5X Membership Rewards Points - Platinum Reserve Card - Partner Brands: Air India, DS Luxury, and more. What makes this program stand out? - No limits on reward points – earn as much as you spend! - No minimum spend required to participate. Valid across top luxury and lifestyle brands. 🗓 Offer Period: November 9, 2024 – January 31, 2026. This program is available exclusively for Centurion, Platinum Reserve, and Platinum Credit Cards. Supplementary cardholders are also eligible! 💬 Are you ready to accelerate your rewards with AMEX? Which brand are you shopping from first? ♻️ Share to spread the word among fellow AMEX users! Image credit - Wallpaper Cave #AmEx #TheCreditCardExpert

🚨 Bank of Baroda Credit Cards: Lounge Access Now Comes with Spending Criteria Starting January 1, 2025, BOBCARD credit cards will require a minimum quarterly spend to qualify for complimentary airport lounge access. (Yes, the free ride just got a little less free.) Here’s the breakdown: 💳 Premium Cards (Eterna, ICAI Exclusive, Tiara, etc.): ₹40,000 spend/quarter. 💳 Mid-Range & Other Cards (Varunah Plus, Yoddha, Premier, etc.): ₹20,000 spend/quarter. Key details: 🔑 This is a big change—previously, there were no spending criteria for lounge access. 🔑 Newly issued cards will enjoy a waiver during their first quarter (this doesn’t apply to upgrades). 🔑 BOBCARD has also updated the list of lounges available under its access program. What’s driving this trend? The surge in traffic at airport lounges nationwide has prompted issuers like BOBCARD and ICICI to introduce spending thresholds. Unfortunately, this means that complimentary lounge access is no longer truly free—it’s now conditional. 💬 Are you rethinking your credit card strategy with these changes? Let’s discuss in the comments! ♻️ Share to keep your network informed on the latest credit card updates. #BoBCard #TheCreditCardExpert

🚨 ICICI Bank Credit Card Updates: Key Changes Coming on Nov 15, 2024 🚨 Starting next week, ICICI Bank is implementing major updates to credit card rewards, fees, and benefits. Here’s a quick rundown to help you stay informed: 1. Capping Rewards by Category: Utility & Insurance: Rewards capped at ₹40,000/month for entry/mid-range cards and ₹80,000/month for premium cards. Grocery: Rewards capped at ₹20,000/month for entry/mid-range cards and ₹40,000/month for premium cards. Fuel: Surcharge waivers limited to ₹50,000/month for most cards, or ₹1 lakh/month with the Emeralde Mastercard Metal Card. 2. New Transaction Fees: 1% fee on education payments via third-party apps. 1% fee on utility spends exceeding ₹50,000/month. 1% fee on fuel spends exceeding ₹10,000/month. 3. Revised Exclusions & Charges: Exclusions: Rental, government, and education transactions won’t count for milestone rewards or annual fee waivers. Supplementary Card Fee: Now ₹199. Late Payment: New structure based on outstanding balance. Finance Charges: 3.75% p.m. (45% p.a.) 4. Lounge Access Requirement: Complimentary airport lounge access now requires a minimum spend of ₹75,000 in the previous quarter. 5. Discontinued Benefits: Spa benefits via Dreamfolks membership discontinued. 6. Annual Fee Waiver Threshold: Revised to ₹10 lakh for Emeralde, Emeralde Visa, and Emeralde Private cardholders. 7. No Rewards on Government Transactions: Government spends will no longer earn rewards points. If you’re an ICICI credit cardholder, these changes could impact your rewards strategy, fees, and perks. Make sure to review and adjust your spending to get the most out of your card benefits! 💬 How will these changes affect your credit card usage? ♻️ Share to keep your network informed on these updates! #ICICIBank #TheCreditCardExpert

🚨 SBI Card Update: No Reward Points for Digital Gaming 🚨 Starting December 2024, SBI Card will no longer earn reward points for spending on digital gaming platforms. (Yes, you read that right! No more points for gaming transactions.) This change affects popular SBI cards like: - AURUM - SBI Card ELITE - SimplyCLICK SBI Card - SBI Card PRIME, and more. The move builds on a June 2024 update when SBI Card removed rewards for government services, and now it’s expanding. If you're using these cards on gaming platforms, this could change your rewards game significantly. Here’s what’s important to know: - SBI’s Cashback card is not affected. - Other spending categories remain unchanged. Look out for more updates – this may be the start of a trend. 🕹 Bottom Line: Rewards for gaming are out, but some cards like SBI Cashback are still game-friendly. ➡️ How will this impact your rewards strategy? Are you rethinking your spending on digital platforms? P.S. Share to keep your network informed on the latest rewards updates! ♻️

𝐂𝐫𝐞𝐝𝐢𝐭 𝐂𝐚𝐫𝐝 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 𝐏𝐨𝐬𝐭-𝐏𝐚𝐧𝐝𝐞𝐦𝐢𝐜: 𝐀 𝐒𝐮𝐫𝐩𝐫𝐢𝐬𝐢𝐧𝐠 𝐋𝐞𝐚𝐝𝐞𝐫 Did you know that one bank is dominating post-pandemic travel spending with credit cards? Here's the breakdown: - HDFC Bank claims a staggering 50% share! - SBI Card follows at 16.5%. - ICICI Bank and Axis Bank take 14.4% and 11% respectively. The rest? A mere 8.1% combined. (Travel is back, and it’s clear which cards people trust to fuel their journeys.) Why is this important? Because understanding trends like these isn’t just data—it’s insight into consumer behavior, trust, and recovery post-pandemic. P.S. This is your reminder to check your wallet—do you have the right card for your next trip? 🌍✈️ Would love to know: Are you surprised by HDFC’s lead? Drop a comment below 👇

📉 YES BANK Credit Cards Face Another Round of Devaluations YES BANK’s credit card revamp earlier this year with new options like the Yes Reserv and Yes Marquee brought a fresh look and rewarding features—but this excitement may be short-lived. Here’s what’s changing: 1️⃣ Higher Spending Requirements for Airport Lounge Access Starting April 1, 2025, cardholders will need to meet higher quarterly spend limits to enjoy free lounge access. Spend requirements: -- MARQUEE/RESERV: ₹1 Lakh YES First Preferred/Business: ₹75,000 ELITE+/SELECT/WELLNESS PLUS: ₹50,000 2️⃣ Rewards Points Redemption Cap From December 1, 2024, a limit on reward points for flights and hotels is coming: only 70% of points can be redeemed per booking, with a monthly cap by card type. MARQUEE: 3,00,000 points RESERV: 2,00,000 points Other cards: 1,00,000 points 3️⃣ Increased Finance Charges Effective December 1, 2024, finance charges rise to 3.99% per month (47.88% annually) on most Yes Bank cards. These changes are likely to impact many cardholders. What’s your take on the rising spend requirements and rewards cap? #YesBank #TheCreditCardExpert

✈️ Are Airport Lounge Perks on Credit Cards Fading Away? ✈️ If you’re someone who loves the VIP treatment at airports, you may have noticed some changes to lounge access on your credit card lately. 🛋️ Many major banks in India are scaling back on these perks, and we’ve looked into why. In our latest article, we cover: 🛫 Why rising costs are driving these changes 💸 🛫 How fewer people carrying card balances impacts perks 🛫 Which banks are making the biggest changes and what it means for you Read the full article to understand what’s going on and how to make the most of your credit card rewards in this new landscape. #TheCreditCardExpert #CreditCardTips #TravelPerks #AirportLounge #CreditCardInsights