{"id":35015,"date":"2025-07-02T16:52:33","date_gmt":"2025-07-02T11:22:33","guid":{"rendered":"https:\/\/edunovations.com\/currentaffairs\/?p=35015"},"modified":"2025-07-02T16:52:59","modified_gmt":"2025-07-02T11:22:59","slug":"sbi-credit-card-july-changes","status":"publish","type":"post","link":"https:\/\/edunovations.com\/currentaffairs\/national\/sbi-credit-card-july-changes\/","title":{"rendered":"SBI Credit Card July Changes 2025: HDFC &amp; Kotak Rule Updates You Must Know for Exams"},"content":{"rendered":"\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_86 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/sbi-credit-card-july-changes\/#SBI_Credit_Card_July_Changes_2025_%E2%80%93_Learn_about_major_rule_updates_from_SBI_HDFC_Bank_and_Kotak_Mahindra_effective_July_2025_including_new_charges_discontinued_benefits_and_reward_point_limits_Ideal_for_banking_and_civil_service_exam_prep\" >SBI Credit Card July Changes 2025 \u2013 Learn about major rule updates from SBI, HDFC Bank, and Kotak Mahindra effective July 2025, including new charges, discontinued benefits, and reward point limits. Ideal for banking and civil service exam prep.<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/sbi-credit-card-july-changes\/#Major_Credit_Card_Rule_Changes_Effective_July_2025\" >Major Credit Card Rule Changes Effective July 2025<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/sbi-credit-card-july-changes\/#1_Overview_of_Upcoming_Rule_Changes\" >1. Overview of Upcoming Rule Changes<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/sbi-credit-card-july-changes\/#2_SBI_Cards_Revised_Insurance_and_Payment_Rules\" >2. SBI Cards: Revised Insurance and Payment Rules<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/sbi-credit-card-july-changes\/#3_HDFC_Bank_New_Charges_Reward_Caps\" >3. HDFC Bank: New Charges &amp; Reward Caps<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/sbi-credit-card-july-changes\/#4_Kotak_Mahindra_Migration_of_Myntra_Card\" >4. Kotak Mahindra: Migration of Myntra Card<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/sbi-credit-card-july-changes\/#5_Why_These_Changes_Matter\" >5. Why These Changes Matter<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/sbi-credit-card-july-changes\/#6_What_Cardholders_Must_Do\" >6. What Cardholders Must Do<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/sbi-credit-card-july-changes\/#%F0%9F%8C%9F_Why_This_News_is_Important\" >\ud83c\udf1f Why This News is Important<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/sbi-credit-card-july-changes\/#A_Impact_on_Financial_Planning\" >A. Impact on Financial Planning<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/sbi-credit-card-july-changes\/#B_Relevance_for_Exam_Aspirants\" >B. Relevance for Exam Aspirants<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/sbi-credit-card-july-changes\/#C_Reflection_of_Systemic_Trends\" >C. Reflection of Systemic Trends<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/sbi-credit-card-july-changes\/#%F0%9F%8F%9B_Historical_Context\" >\ud83c\udfdb Historical Context<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/sbi-credit-card-july-changes\/#Evolution_of_Credit_Card_Framework\" >Evolution of Credit Card Framework<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/sbi-credit-card-july-changes\/#Regulatory_Push_for_Responsible_Usage\" >Regulatory Push for Responsible Usage<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/sbi-credit-card-july-changes\/#Shift_in_Bank_Strategic_Focus\" >Shift in Bank Strategic Focus<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/sbi-credit-card-july-changes\/#%F0%9F%93%8B_Key_Takeaways_from_Credit_Card_Rule_Changes\" >\ud83d\udccb Key Takeaways from Credit Card Rule Changes<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/sbi-credit-card-july-changes\/#FAQs_Frequently_Asked_Questions\" >FAQs: Frequently Asked Questions<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/sbi-credit-card-july-changes\/#1_What_are_the_new_changes_announced_by_SBI_Cards_from_July_15_2025\" >1. What are the new changes announced by SBI Cards from July 15, 2025?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/sbi-credit-card-july-changes\/#2_Which_HDFC_Bank_credit_card_transactions_will_incur_a_new_1_fee_from_July_1_2025\" >2. Which HDFC Bank credit card transactions will incur a new 1% fee from July 1, 2025?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-21\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/sbi-credit-card-july-changes\/#3_What_is_changing_for_Kotak_Mahindra_Banks_Myntra_credit_card_users\" >3. What is changing for Kotak Mahindra Bank&#8217;s Myntra credit card users?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-22\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/sbi-credit-card-july-changes\/#4_Will_reward_points_be_affected_by_the_new_rules\" >4. Will reward points be affected by the new rules?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-23\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/sbi-credit-card-july-changes\/#5_Why_are_banks_making_these_credit_card_changes_in_2025\" >5. Why are banks making these credit card changes in 2025?<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-24\" href=\"https:\/\/edunovations.com\/currentaffairs\/national\/sbi-credit-card-july-changes\/#Some_Important_Current_Affairs_Links\" >Some Important Current Affairs Links<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"SBI_Credit_Card_July_Changes_2025_%E2%80%93_Learn_about_major_rule_updates_from_SBI_HDFC_Bank_and_Kotak_Mahindra_effective_July_2025_including_new_charges_discontinued_benefits_and_reward_point_limits_Ideal_for_banking_and_civil_service_exam_prep\"><\/span><strong>SBI Credit Card July Changes 2025<\/strong> \u2013 Learn about major rule updates from SBI, HDFC Bank, and Kotak Mahindra effective July 2025, including new charges, discontinued benefits, and reward point limits. Ideal for banking and civil service exam prep.<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Major_Credit_Card_Rule_Changes_Effective_July_2025\"><\/span>Major Credit Card Rule Changes Effective July 2025<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"1_Overview_of_Upcoming_Rule_Changes\"><\/span>1. Overview of Upcoming Rule Changes<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Starting <strong>July 1 &amp; 15, 2025<\/strong>, major Indian banks like SBI, HDFC Bank, and Kotak Mahindra Bank will roll out significant updates to credit card norms. These changes include new fees, reduced benefits, revised minimum payment rules, and phasing out of some card perks. The adjustments aim to promote financial responsibility among users and streamline bank operations <\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"2_SBI_Cards_Revised_Insurance_and_Payment_Rules\"><\/span>2. SBI Cards: Revised Insurance and Payment Rules<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">From <strong>July 15<\/strong>, SBI will discontinue free air accident insurance on high-end cards\u2014such as Elite, Miles Elite, Miles Prime, Prime, and Pulse. It\u2019s also updating the <strong>Minimum Amount Due (MAD)<\/strong> formula and payment settlement priority, designed to embed faster debt repayment and reduce user interest burden <\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"3_HDFC_Bank_New_Charges_Reward_Caps\"><\/span>3. HDFC Bank: New Charges &amp; Reward Caps<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Effective <strong>July 1<\/strong>, HDFC introduces a <strong>1% transaction fee<\/strong> (capped at \u20b94,999\/month) on online gaming, wallet loading, and rent or utility payments beyond \u20b950k for consumer cards and \u20b975k for business cards. Also, reward points for insurance premiums will be capped (e.g., 10,000\/mo for Infinia, 5,000 for Diners Black, and 2,000 for other consumer cards) <\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"4_Kotak_Mahindra_Migration_of_Myntra_Card\"><\/span>4. Kotak Mahindra: Migration of Myntra Card<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">On <strong>July 10<\/strong>, Kotak will discontinue the <strong>Myntra Kotak Credit Card<\/strong>, automatically upgrading users to the <strong>Kotak League Credit Card<\/strong>. Cardholders should compare features and understand the terms of the replacement card <\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"5_Why_These_Changes_Matter\"><\/span>5. Why These Changes Matter<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">These policy shifts reflect changing bank strategies to rationalize perks, manage costs, and nudge customers toward responsible financial habits. With rising digital and insurance-related billing, banks are adjusting risk models and revenue streams accordingly.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"6_What_Cardholders_Must_Do\"><\/span>6. What Cardholders Must Do<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Review your card\u2019s new terms and prohibitive charges<\/li>\n\n\n\n<li>For SBI users: anticipate higher MAD and earlier payments<\/li>\n\n\n\n<li>For HDFC users: curb wallet, gaming, and rent-related spending<\/li>\n\n\n\n<li>For Kotak users: note migration and assess League Card suitability<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\" id=\"SBI-credit-card-July-changes\"><img decoding=\"async\" src=\"https:\/\/currentaffairs.adda247.com\/wp-content\/uploads\/multisite\/sites\/5\/2025\/06\/28123412\/20250628_1232_Credit-Card-Policy-Shift_simple_compose_01jytnfbpae94t507sjsrsnc59.png\" alt=\"SBI credit card July changes\" title=\"SBI credit card July changes\"\/><figcaption class=\"wp-element-caption\">SBI credit card July changes<\/figcaption><\/figure>\n<\/div>\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%F0%9F%8C%9F_Why_This_News_is_Important\"><\/span>\ud83c\udf1f Why This News is Important<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"A_Impact_on_Financial_Planning\"><\/span>A. Impact on Financial Planning<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">These updates directly influence how students &amp; aspirants manage expenses using credit cards. For instance, higher minimum dues (SBI) and usage charges (HDFC) affect budgeting\u2014crucial for disciplined money management, especially for aspirants juggling loans or savings.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"B_Relevance_for_Exam_Aspirants\"><\/span>B. Relevance for Exam Aspirants<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Government exam preparatory syllabus often includes Banking &amp; Finance sections. These rule changes involving RBI regulations, bank risk management, consumer choice, and digital transaction evolution are potential current affairs questions.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"C_Reflection_of_Systemic_Trends\"><\/span>C. Reflection of Systemic Trends<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">By cutting freebies and raising fees, banks signal a shift toward sustainable, risk-aware credit norms. This aligns with RBI\u2019s broader push for financial prudence and consumer awareness, reinforcing principles of fiscal responsibility\u2014a recurring theme in banking-focused questions.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%F0%9F%8F%9B_Historical_Context\"><\/span>\ud83c\udfdb Historical Context<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Evolution_of_Credit_Card_Framework\"><\/span>Evolution of Credit Card Framework<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Since its 1980s introduction in India, credit card usage has surged alongside economic liberalization and digital payments. Traditionally, banks offered rich freebies (insurance, lounge access, reward points) to attract users.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Regulatory_Push_for_Responsible_Usage\"><\/span>Regulatory Push for Responsible Usage<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Concerns around mounting consumer debt and default rates prompted the RBI to emphasize stronger minimum payment mandates and transparent settlement norms in early 2020s, laying groundwork for changes like SBI\u2019s revised MAD formula.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Shift_in_Bank_Strategic_Focus\"><\/span>Shift in Bank Strategic Focus<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Recent years have seen banks recalibrating credit card models. HDFC\u2019s move to cap rewards and impose fees aligns with global trends of rationalizing high-cost freebies. Similarly, Kotak\u2019s card rationalization follows a consolidation strategy to streamline offerings and optimize costs.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%F0%9F%93%8B_Key_Takeaways_from_Credit_Card_Rule_Changes\"><\/span>\ud83d\udccb Key Takeaways from Credit Card Rule Changes<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>S.No.<\/th><th>Key Takeaway<\/th><\/tr><\/thead><tbody><tr><td>1.<\/td><td>SBI will <strong>discontinue complimentary air accident insurance<\/strong> on select cards from <strong>July\u202f15,\u202f2025<\/strong>.<\/td><\/tr><tr><td>2.<\/td><td>SBI\u2019s <strong>Minimum Amount Due (MAD)<\/strong> formula and payment settlement priorities will be revised from <strong>July\u202f15<\/strong>, to encourage faster repayment.<\/td><\/tr><tr><td>3.<\/td><td><strong>HDFC Bank<\/strong> introduces a <strong>1% fee<\/strong> (max \u20b94,999\/month) on gaming, wallet loads, rent and utility payments above thresholds from <strong>July\u202f1<\/strong>.<\/td><\/tr><tr><td>4.<\/td><td>HDFC will impose <strong>caps on reward points<\/strong> for insurance payments: e.g., 10k points for Infinia, 5k for Diners Black.<\/td><\/tr><tr><td>5.<\/td><td><strong>Kotak\u2019s Myntra card<\/strong> will be phased out by <strong>July\u202f10<\/strong>, with users migrated to <strong>Kotak League Credit Card<\/strong>.<\/td><\/tr><\/tbody><\/table><figcaption class=\"wp-element-caption\">SBI credit card July changes<\/figcaption><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"FAQs_Frequently_Asked_Questions\"><\/span><strong>FAQs: Frequently Asked Questions<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"1_What_are_the_new_changes_announced_by_SBI_Cards_from_July_15_2025\"><\/span>1. What are the new changes announced by SBI Cards from July 15, 2025?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">SBI will discontinue complimentary air accident insurance on select premium cards and update the Minimum Amount Due (MAD) formula to ensure faster repayment.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"2_Which_HDFC_Bank_credit_card_transactions_will_incur_a_new_1_fee_from_July_1_2025\"><\/span>2. Which HDFC Bank credit card transactions will incur a new 1% fee from July 1, 2025?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">The 1% fee will apply to transactions related to online gaming, wallet reloads, and rent or utility payments that exceed \u20b950,000 on consumer cards and \u20b975,000 on business cards.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"3_What_is_changing_for_Kotak_Mahindra_Banks_Myntra_credit_card_users\"><\/span>3. What is changing for Kotak Mahindra Bank&#8217;s Myntra credit card users?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">On July 10, 2025, the Myntra co-branded credit card will be discontinued, and existing cardholders will be migrated to the Kotak League Credit Card.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"4_Will_reward_points_be_affected_by_the_new_rules\"><\/span>4. Will reward points be affected by the new rules?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Yes. HDFC Bank will cap reward points earned on insurance premium payments\u201410,000 points\/month for Infinia, 5,000 for Diners Black, and 2,000 for other cards.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"5_Why_are_banks_making_these_credit_card_changes_in_2025\"><\/span>5. Why are banks making these credit card changes in 2025?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Banks are shifting towards responsible lending, cost optimization, and aligning customer behavior with evolving RBI compliance and digital usage patterns.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Some_Important_Current_Affairs_Links\"><\/span>Some Important Current Affairs Links<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button is-style-outline is-style-outline--1\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/edunovations.com\/currentaffairs\/category\/national\/\" target=\"_blank\" rel=\"noreferrer noopener\">State Current Affairs<\/a><\/div>\n\n\n\n<div class=\"wp-block-button is-style-outline is-style-outline--2\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/edunovations.com\/currentaffairs\/category\/sports\/\" target=\"_blank\" rel=\"noreferrer noopener\">Sports Current Affairs<\/a><\/div>\n\n\n\n<div class=\"wp-block-button is-style-outline is-style-outline--3\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/edunovations.com\/currentaffairs\/category\/international\/\" target=\"_blank\" rel=\"noreferrer noopener\">International Current Affairs<\/a><\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/edunovations.com\/currentaffairs\/category\/banking\/\" target=\"_blank\" rel=\"noreferrer noopener\">Banking Current Affairs<\/a><\/div>\n\n\n\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/edunovations.com\/currentaffairs\/category\/railway\/\" target=\"_blank\" rel=\"noreferrer noopener\">Railways Current Affairs<\/a><\/div>\n\n\n\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/edunovations.com\/currentaffairs\/category\/defence\/\" target=\"_blank\" rel=\"noreferrer noopener\">Defence Current Affairs<\/a><\/div>\n<\/div>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button is-style-outline is-style-outline--4\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/edunovations.com\/currentaffairs?newsmaticargs=custom&amp;posts=today\" target=\"_blank\" rel=\"noreferrer noopener\">Daily Current Affairs<\/a><\/div>\n\n\n\n<div class=\"wp-block-button is-style-outline is-style-outline--5\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/edunovations.com\/currentaffairsinhindi\/\" target=\"_blank\" rel=\"noreferrer noopener\">Current Affairs In Hindi<\/a><\/div>\n\n\n\n<div class=\"wp-block-button is-style-outline is-style-outline--6\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/edunovations.com\/currentaffairs\/category\/news-and-notifications\/\" target=\"_blank\" rel=\"noreferrer noopener\">News and Notifications<\/a><\/div>\n<\/div>\n\n\n\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/play.google.com\/store\/apps\/details?id=com.edunovations.quiz\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" width=\"900\" height=\"150\" src=\"https:\/\/edunovations.com\/currentaffairs\/wp-content\/uploads\/2023\/03\/Banner-current-affairs-2-1.jpg\" alt=\"Download this App for Daily Current Affairs MCQ&#039;s\" class=\"wp-image-247\" title=\"\" srcset=\"https:\/\/edunovations.com\/currentaffairs\/wp-content\/uploads\/2023\/03\/Banner-current-affairs-2-1.jpg 900w, https:\/\/edunovations.com\/currentaffairs\/wp-content\/uploads\/2023\/03\/Banner-current-affairs-2-1-300x50.jpg 300w, https:\/\/edunovations.com\/currentaffairs\/wp-content\/uploads\/2023\/03\/Banner-current-affairs-2-1-768x128.jpg 768w\" sizes=\"(max-width: 900px) 100vw, 900px\" \/><\/a><figcaption class=\"wp-element-caption\">Download this App for Daily Current Affairs MCQ&#8217;s<\/figcaption><\/figure>\n\n\n\n<figure class=\"wp-block-image size-full\" id=\"News-Website-Development-Company\"><a href=\"https:\/\/www.martindiainfotech.com\/\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" width=\"900\" height=\"150\" src=\"https:\/\/edunovations.com\/currentaffairs\/wp-content\/uploads\/2023\/04\/News-Website-Development-Company-Banner.png\" alt=\"News Website Development Company\" class=\"wp-image-438\" title=\"News Website Development Company\" srcset=\"https:\/\/edunovations.com\/currentaffairs\/wp-content\/uploads\/2023\/04\/News-Website-Development-Company-Banner.png 900w, https:\/\/edunovations.com\/currentaffairs\/wp-content\/uploads\/2023\/04\/News-Website-Development-Company-Banner-300x50.png 300w, https:\/\/edunovations.com\/currentaffairs\/wp-content\/uploads\/2023\/04\/News-Website-Development-Company-Banner-768x128.png 768w\" sizes=\"(max-width: 900px) 100vw, 900px\" \/><\/a><figcaption class=\"wp-element-caption\">News Website Development Company<\/figcaption><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>SBI Credit Card July Changes 2025 \u2013 Learn about major rule updates from SBI, HDFC Bank, and Kotak Mahindra effective July 2025, including new charges, discontinued benefits, and reward point limits. Ideal for banking and civil service exam prep. Major Credit Card Rule Changes Effective July 2025 1. Overview of Upcoming Rule Changes Starting July&#8230;<\/p>\n","protected":false},"author":6,"featured_media":35040,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10,14],"tags":[24233,23680,24232,24235,24234,24238],"class_list":["post-35015","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-national","category-banking","tag-credit-card-updates-2025","tag-exam-current-affairs","tag-hdfc-credit-card-charges","tag-july-2025-bank-rules","tag-kotak-credit-card-news","tag-sbi-card-rule-change"],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/posts\/35015","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/comments?post=35015"}],"version-history":[{"count":2,"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/posts\/35015\/revisions"}],"predecessor-version":[{"id":35041,"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/posts\/35015\/revisions\/35041"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/media\/35040"}],"wp:attachment":[{"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/media?parent=35015"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/categories?post=35015"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/edunovations.com\/currentaffairs\/wp-json\/wp\/v2\/tags?post=35015"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}