Devaluation, Revaluation Alerts and Regular Updates – All Latest Updates in One Place

[saber.mbt]

🚨 Singapore Air / KrisFlyer Devaluation loading.. Effective 1st November 🚨

If you're sitting on loads of singapore air miles, It will be a good idea to plan your travel and lock in the rates on or before 31st October.

Redemption rates increasing by upto ~20% effective 1st November ! 💔

Existing Award Chart : https://www.singaporeair.com/saar5/pdf/ppsclub_krisflyer/charts/SQ_AwdChart.pdf

New Award Chart : https://www.singaporeair.com/conten...WayAdvantageSaverAwardChartupdated1Nov25 .pdf

Eco | Premium Eco | Business | First Class


They're also adding dynamic award option and partner award requirements are increasing too !

Economy Saver Award redemption rates will reduce by 5%.

Link to news Article : https://www.singaporeair.com/en_UK/sg/ppsclub-krisflyer/KFupdates2025/

 

[saber.mbt]

🚨 Devaluation alert: Above changes will come in to effect from 10 Oct 2025

IDFC FIRST Bank did a third update in list of excluded MCC codes in last 1 month, here is the full list 👇🏻

All earned Reward points will reflect and be ready for redemption post 30 working days from the date of transaction.

 

[saber.mbt]

🚨 Devaluation alert: ICICI AmazonPay Credit Card

Dear Customer,

Please note the upcoming changes to the features and benefits of your Amazon Pay ICICI Bank Credit Card XX50XX, effective Oct 11, 2025.

1. Changes in features and benefits:

• International Forex Mark-up has been reduced to 1.99%

2. Benefits that continue:

• No Joining Fees and No Annual Fees

• Enjoy unlimited 5% cashback on shopping* on Amazon.in and travel bookings (flights & hotels) through Amazon Pay for Amazon Prime Customers

• All other/Non-Prime customers can enjoy unlimited 3% cashback on shopping* on Amazon.in and travel bookings (flights & hotels) through Amazon Pay

• 2% unlimited cashback for transactions on Amazon Pay partner categories* (login and pay with Amazon, digitally fulfilled categories and physical gift cards on Amazon)

• 1% unlimited cashback on spends outside Amazon.in*

• No-cost EMI (sitewide) on eligible Amazon.in transactions will continue**

• 1% Fuel Surcharge Waiver across all fuel outlets in India.

3. Revised spend exclusions

• Certain transactions will not be eligible for cashback:


- For transactions on Amazon.in, Amazon Pay and Amazon Partners, no cashback on transactions on gold coins, EMI, rent, tax payments and education

- For other Merchant transactions: no cashback on transactions on EMI, rent, fuel, tax, education, utilities and international transactions.

Transaction categories

CategoryMerchant Category Code (MCC)
Utility4899, 4900, 4901, 3887, 4897, 5416, 5417, 4812, 4813, 4814, 4815, 4821, 4896, 4902, 3886
Rent7014, 7407, 5271, 6513
Fuel1361, 3851, 5172, 5541, 5542, 5983, 9752, 5555
Tax9311, 9313
Education8211, 8220, 8241, 8244, 8249, 8299, 8493, 8494, 7911
**For further details, please refer to the Terms & Conditions and MITC of your Card.

Sincerely,

Team ICICI Bank

Source: Gmail

 

[saber.mbt]

🚨 Devaluation alert:

ICICI Credit Card Devaluation (w.e.f. Oct 01, 2025)

3.5% Dynamic Currency Conversion fee,
Skill-Based Game & wallet load - 1% fee
Cash payment at branches - ₹150 per payment transaction



Source: https://www.icicibank.com/content/d...ssets/revamp-page-images/docs/pdf/mitc_cc.pdf

 

[Abhishek012]

🚨 Devaluation alert: Above changes will come in to effect from 10 Oct 2025

IDFC FIRST Bank did a third update in list of excluded MCC codes in last 1 month, here is the full list 👇🏻

All earned Reward points will reflect and be ready for redemption post 30 working days from the date of transaction.

View attachment 109510

5 more MCC Codes added on exclusion list (IDFC Debit Card Devaluation) -

Merchant Categories	Merchant Codes
Insurance Sales and Underwriting	6300
Financial Institutions – Merchandise & Services	6012
Security Brokers / Dealers	6211
Quasi Cash	6051
Wallet Upload	6540
All Unrecognized Debit Card MCC	E.g. 5413
Tolls and bridge fees (w.e.f 10th Oct 2025)	4784
Telecommunication Services (w.e.f 10th Oct 2025)	4814
Money Orders – Wire Transfers (w.e.f 10th Oct 2025)	4829
Utilities: Electric, Gas, Heating Oil, Sanitary, Water (w.e.f 10th Oct 2025)	4900
Precious stones and metals, watches, and jewellery (w.e.f 10th Oct 2025)	5094
Petroleum and petroleum products (w.e.f 10th Oct 2025)	5172
Service stations (with or without ancillary services) (w.e.f 10th Oct 2025)	5541
Automated fuel dispensers (w.e.f 10th Oct 2025)	5542
Clock, Jewellery, Watch and Silverware Stores (w.e.f 10th Oct 2025)	5944
Direct Marketing Insurance Services (w.e.f 10th Oct 2025)	5960
Fuel dealers — fuel oil, wood, coal, and liquefied petroleum (w.e.f 10th Oct 2025)	5983
Rent Payments (w.e.f 10th Oct 2025)	6513
Consumer Credit Reporting Agencies (w.e.f 10th Oct 2025)	7321
Debt collection agencies (w.e.f 10th Oct 2025)	7322
Charitable and social service organizations (w.e.f 10th Oct 2025)	8398
Civic, Fraternal, and Social Associations (w.e.f 10th Oct 2025)	8641
Fines (w.e.f 10th Oct 2025)	9222
Tax Payments (w.e.f 10th Oct 2025)	9311
Government Services – Not Elsewhere Classified (w.e.f 10th Oct 2025)	9399

​

 

[TripleAce]

Received the email today.

 

[TripleAce]

Account Variant? .

Y E S First.

 

[Fini7777]

Date: With effect from 15-09-2025
Credit Card/Bank Account/Debit Card: UPI Payments
Update:
UPI Transaction Limits Updated for Specific Merchant Categories
Several categories will have enhanced per-transaction and daily limits starting September 15, 2025, to support higher-value payments for investments, insurance, travel, and more.
Source:

 

[TripleAce]

Change of partners :
DreamFolks - Out
Elite Assist - In

 

[sun156]

Effective 15th October 2025, complimentary companion access to domestic airport lounges will be discontinued on Grande and Pioneer Debit Cards. Cardholders will continue to enjoy self-access to lounges at eligible domestic airports, as per the features and limits applicable to their respective debit card variant.

Debit Card Lounge List

www.indusind.bank.in

 

[saber.mbt]

🚨 Devaluation alert:

IDFC First Wealth Credit card:

💆Domestic Airport Spa access gone from IDFC Wealth CC ⭕



Dear Cardmember,

With your FIRST Wealth Credit Card, every journey begins with comfort. Enjoy seamless access to 40+ airport lounges across India, 800+ global airport lounges, and 8 Indian railway lounges-designed to make travel effortless.
Your premium lounge privileges:
•2 complimentary visits per quarter to global airport lounges
•2 complimentary visits per quarter to Indian airport lounges
•4 complimentary visits per quarter to Indian railway lounges
Spend ₹20,000 in a calendar month to easily activate your lounge privileges for the next month.

List of eligible lounges.
How to access lounges:
•Global airport lounges: Present your DreamFolks card at the entrance. For convenience, pre-book via DreamFolks web-access.
•Indian airport lounges: Present your FIRST Wealth Credit Card and boarding pass only
•Indian railway lounges: Present your FIRST Wealth Credit Card and train ticket only
Know more
Changes in lounge privileges:
Given the recent changes in Lounge vendor ecosystem, Airport Spas will no longer be part of our Lounge program from 1st December 2025.


We appreciate your understanding and your continued relationship with us.
Always You First,
Team IDFC FIRST Bank

 

[saber.mbt]

🚨 Devaluation alert:

Date: With effect from 01-11-2025
Credit Card: SBI Credit Cards


SBI Credit card: Devaluation (w.e.f. Nov 01, 2025)

- Fee on Wallet Load**1% fee will be applicable on wallet load transactions exceeding ₹1000

- Fee on Education Payments*1% of the transaction amount applicable on Education Payments made through third-party apps


Dear Cardholder,

We thank you for your continued patronage. At SBI Card, we are truly committed towards building relationship based on trust and transparency. With this endeavor, we are sending across this communication to inform you about important update regarding your credit card.

Fee on Education Payments:
With effect from 1st Nov 2025, Fee on Education Payments shall be applicable on your Credit Card as per the details given below:


ChargesDetails
Fee on Education Payments*1% of the transaction amount applicable on Education Payments made through third-party apps^.
However, payments made directly to colleges or schools via their websites or POS machines will not attract any fee.
Fee on Wallet Load:
With effect from 1st Nov 2025, Fee on Wallet Load shall be applicable on your Credit Card as per the details given below:

ChargesDetails
Fee on Wallet Load**1% fee will be applicable on wallet load transactions exceeding ₹1000
* Identified under Merchant Category Code (MCC) 8211, 8220, 8241, 8244, 8249 and 8299, on best effort basis.
^Third Party Apps like (but not limited to) CRED, Cheq, MobiKwik etc.
**Identified under Merchant Category Code (MCC) 6540 and 6541, on best effort basis.
The MCCs are defined by the network partners and are subject to change basis their discretion and such changes shall be implemented basis communication from the networks without any requirement for intimation/information to the customers.

For more details, please refer MITC or call us at 1860 500 1290, 1860 180 1290,
39 02 02 02 (Prefix local STD code) or 1800 180 1290 (Toll Free).

Warm regards,
SBI Card

source - https://www.sbicard.com/sbi-card-en/assets/docs/pdf/revised-charges.pdf

or

https://www.sbicard.com/sbi-card-en...portant-terms-and-conditions/mitc-english.pdf

 

[wanderer0]

Request to all to follow the post format suggested by @Fini7777 in the main post.

Date: With effect from DD-MM-YYYY
Credit Card/Bank Account/Debit Card: [Name of the card/account]
Devaluation Alert / Update / Revaluation Alert: [Short summary of the change]
Comments (if any): (Optional) [Can Include any tables, detailed info]
Source: [Attach link or screenshot]
Thread Link: [Any active thread link in TF]

 

[TripleAce]

From 3 to 2 devaluation!

 

[Fini7777]

Date: With effect from 04-10-2025
Bank Account: All Bank Accounts (Cheque Transactions)
Update: Continuous Cheque Clearing introduced by RBI – Cheques will now clear within a few hours
Comments:

• The Reserve Bank of India has implemented Continuous Cheque Clearing from October 4, 2025
• Under this new system, cheques will be processed and cleared within a few hours, rather than over several days.
• Customers are advised to maintain sufficient funds in their bank accounts at the time of issuing cheques
• Cheques will be cleared or returned unpaid within a few hours, without any further reference to the customer
• This initiative aims to make fund transfers faster, more reliable, and efficient across all Indian banks.

Key Change	Previous System	New System
Cheque Clearing Time	1–2 working days	Within a few hours
Action Required	Maintain funds by next day	Maintain funds at the time of issue
Applicable To	All scheduled banks in India	All scheduled banks in India

Source: https://economictimes.indiatimes.co...ofinterest&utm_medium=text&utm_campaign=cppst

 

[aishwarya]

Devaluation:
Rupay Platinum Debit cards lounge access is reduced to 1 per calendar year.

 

[some1anywhere]

Kotak Mahindra Bank
IMPORTANT UPDATE
Dear Customer,
Greetings from Kotak Mahindra Bank.

Effective 1st November 2025, the following changes will apply to your Kotak Everyday Debit Card benefits:

• BookMyShow: Flat 20% discount will now be capped at ₹100, valid once per month
• EazyDiner: Flat 30% discount will now be capped at ₹250 per month

If you have any queries, please contact us at 1800 266 6666.
Warm regards,
Kotak Mahindra Bank

 

[Esmail]

Date: With effect from 1-08-2025
Credit Card: Kotak Privy League Signature CC

Devaluation Alert / Update / Revaluation Alert:
For those who have LTF Privy League Signature CC as a perk of maintaining Privy League account status, beware Kotak has stopped crediting 6400 RPs from this quarter onwards.

Source: Verbal communication from customer services

I just learnt about it from this month since I didn't get my 6400 Reward points for the quarter ended September 2025. I had a paid variant of the card and used to get the reward points without fail, but this month I didn't get them. I complained to customer service and got to know that they have discontinued this card for new applications and existing paid cards have been converted to LTF and the reward points for doing monthly 1k value transaction has also been discontinued.
There was no official communication about this change from Kotak's end.

 

[plastikman]

I just learnt about it from this month since I didn't get my 6400 Reward points for the quarter ended September 2025. I had a paid variant of the card and used to get the reward points without fail, but this month I didn't get them. I complained to customer service and got to know that they have discontinued this card for new applications and existing paid cards have been converted to LTF and the reward points for doing monthly 1k value transaction has also been discontinued.
There was no official communication about this change from Kotak's end.

Yes, they haven't followed the due process. It was surprising. It was good while it lasted.