Devaluation
When an issuer cuts a reward rate, a milestone or a benefit, what it costs you, and what to do before the date it changes.
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Axis cut Air India transfers by 75%. Here is what each card can still move.
Axis Bank has moved Air India, Flying Blue and Qantas into Group A, the transfer group with a quarter of the yearly allowance. Accor is back at a worse rate, Hilton and Miles & More are new, and ITC is gone. Here is the yearly Air India ceiling on each card, before and after.
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Amex is changing five things before 11 October. Two of them cost you money.
American Express India withdraws two services and revises its card terms between 16 September and 11 October. The emergency replacement card goes, and the 50% annual fee waiver on the Membership Rewards Credit Card is reported to go with it.
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Amex Platinum Travel milestones change on 10 September: what each spend level loses
American Express is removing the ₹1.9 lakh milestone on the Platinum Travel Credit Card and swapping 22,500 points for a bigger Taj voucher. Here is what each spend level actually loses, why the deadline is earlier than it looks, and the spend at which the card stops covering its own fee.
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Amex Reward Multiplier ends 30 September 2026: what each card loses
American Express is discontinuing Reward Multiplier in India from 30 September 2026. Here is the per-card earn rate Amex publishes, the 25,000 point monthly ceiling on the bonus, what survives the cutoff, and the purchases most likely to earn nothing in the rush before it.
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