Do you also use credit card? These rules will change in June; Know what will be the effect

Credit Card Rules Changing in June 2025: Major Updates from HDFC, Axis, Kotak, and Amex That You Must Know

New Delhi – If you use a credit card from HDFC Bank, Axis Bank, Kotak Mahindra Bank, or American Express, it's important to be aware of upcoming changes that will come into effect starting June 2025. These updates will significantly impact benefits like airport lounge access, cashback, reward points, and various transaction charges.

Several leading private banks are revamping their credit card policies. These changes are likely to affect how you earn and use rewards, the fees you pay, and your overall card usage experience. Here's a detailed breakdown of the key modifications and how they may impact your wallet.

HDFC Bank to Change Lounge Access Rules from June 10, 2025

Starting June 10, 2025, HDFC Bank is introducing new terms for Tata Neu Infinity and Tata Neu Plus credit card holders. Currently, users can swipe their cards directly to access airport lounges. However, this will no longer be allowed.

Under the new policy, lounge access will be provided only to customers who meet specific quarterly spending requirements. Instead of unrestricted access, eligible users will receive lounge access vouchers based on their spending in a given quarter. This means cardholders must spend a minimum amount every three months to enjoy lounge benefits.

Kotak Mahindra Bank to Introduce New Charges from June 1, 2025

From June 1, 2025, Kotak Mahindra Bank will impose additional charges on several types of credit card transactions. The updated fee structure includes:

• Charges on failed standing instructions

• Extra fees for dynamic currency conversion

• Additional charges on utility payments, education fees, mobile wallet top-ups, gaming transactions, and fuel purchases (petrol/diesel)

These changes could reduce the overall cashback and reward earnings for users, especially those who use their cards for essential services or international spending.

Axis Bank Revises Flipkart and Rewards Credit Card Benefits from June 20, 2025

Axis Bank is also modifying the benefits of two of its popular credit cards:

1. Flipkart Axis Credit Card:

   • Cashback on Myntra purchases will increase.

   • However, complimentary airport lounge access will be discontinued.

2. Axis Rewards Credit Card:

   • Not all purchases will be eligible for reward points.

   • Users will have to spend more annually to qualify for a waiver on the card’s annual fee.

These changes are designed to realign benefits with user spending habits, but they may reduce the overall value cardholders previously enjoyed.

American Express Gold Charge Card to Drop Fuel Rewards from June 12, 2025

Effective June 12, 2025, American Express will stop offering reward points on fuel purchases made with the Gold Charge Card. This includes transactions involving petrol, diesel, and CNG across all fuel stations.

Amex has clarified that no reward points will be granted for any fuel transactions, regardless of the amount or location. This update may be disappointing for users who frequently used their Amex cards to earn rewards on fuel expenses.

What Cardholders Should Do Now

If you hold a credit card from any of these banks, it's crucial to review the new terms before they take effect. Analyze your spending habits and assess whether your current card still suits your needs.

You may want to:

• Explore alternative cards with better reward structures.

• Adjust your spending to meet new eligibility thresholds.

• Avoid categories that now incur additional charges.

By staying informed, you can make better financial decisions and ensure you're getting the most value out of your credit card.

Final Thoughts

The upcoming credit card rule changes from HDFC Bank, Kotak Mahindra, Axis Bank, and American Express are part of a broader trend where banks are tailoring benefits to specific spending behaviors. While some users may benefit from the revised perks, others might need to rethink their usage or switch to more rewarding alternatives.

Stay updated and make sure you're using your card in a way that maximizes your benefits under the new guidelines starting June 2025.