Finance Desk – Starting 1 July 2025, some big changes are being made to credit card rules by major banks like SBI Card, HDFC Bank, and American Express. These changes mainly affect fees, reward points, and insurance benefits.
Here’s a simple breakdown of what’s changing and how it may affect you:
SBI Card Changes (Effective from 15 July 2025)
Minimum Amount Due (MAD) Formula Updated
The new MAD will include:
100% of GST
100% of EMI
100% of fees/charges
100% of finance charges
Overlimit amount (if any)
2% of the remaining balance
Order of Payment Settlement Revised
Your payments will be adjusted in this order:
GST → EMI → Fees → Finance Charges → Balance Transfer → Retail Spends → Cash Advance
Free Air Accident Insurance Discontinued
SBI Card ELITE, MILES ELITE, MILES PRIME (Rs 1 crore cover)
SBI Card PRIME and PULSE (Rs 50 lakh cover)
HDFC Bank Credit Card Changes (From 1 July 2025)
1% Fee on Online Gaming Spends (above ₹10,000/month)
Platforms like Dream11, Rummy Culture, MPL
Capped at ₹4,999/month
No reward points on gaming spends
1% Fee on Wallet Reloads (above ₹10,000/month)
Platforms like PayTM, Mobikwik, Freecharge, Ola Money
Capped at ₹4,999/month
1% Fee on Utility Bill Payments
Consumer cards: Fee applies if monthly utility bills cross ₹50,000
Business cards: Fee applies if monthly utility bills cross ₹75,000
Capped at ₹4,999/month
Transaction Charges Capped (for rent, fuel, education)
Maximum fee: ₹4,999 per transaction
Reward Point Cap on Insurance Payments
Infinia / Infinia Metal: ₹10,000/month
Diners Black / Biz Black Metal: ₹5,000/month
Other cards: ₹2,000/month
American Express Update (From 12 June 2025)
No More Reward Points on Fuel for Gold Charge Card
No points on petrol, diesel, or CNG purchases
(Earlier: 1 point per ₹50 spent on fuel)
