HDFC entry-level rewards card. 10X CashPoints on Amazon, Flipkart, Swiggy, BigBasket and Reliance Smart SuperStore (capped at 2,500 CashPoints/month); 1 CashPoint = up to ₹0.25 via SmartBuy/catalogue, ₹0.20 as statement cashback.
Data completeness: 85% · Last verified: 06 Jul 2026
All fees shown base + 18% GST (India card fees legally attract GST).
ICICI Bank has reduced reward multipliers on its iShop platform, specifically removing the 6X rewards for several partner brands.
SBI Credit Cards is implementing a devaluation, specifically reducing or removing reward points for offline restaurant spends and other categories on its cards.
The content provides general financial advice to 'earn and burn' reward points to mitigate the risk of devaluation, but does not specify any actual recent changes to specific card programs.
Standard Chartered Ultimate credit card underwent a devaluation that reduced its effective reward rate from approximately 3.3% to lower levels, with users also noting limited redemption options.
The content discusses alternatives to the HDFC Regalia following its devaluation, suggesting Citi Prestige and Diners Club Black as superior options despite higher fees.
IDFC FIRST Bank is devaluing its credit cards by increasing the reward earning base from ₹150 to ₹200 per point and revising the BOGO movie offer terms.
HDFC Bank is increasing the minimum spend threshold for earning reward points from ₹150 to ₹200 effective May 15, 2026.
IDFC FIRST Bank has restricted reward point earnings on the WOW! credit card by capping eligible spends at the assigned credit limit per billing cycle, preventing rewards on over-limit spends via mid-cycle repayments.
The user is seeking advice on re-evaluating and optimizing their credit card portfolio following a series of recent devaluations across multiple Indian card issuers.
Speculative discussion regarding potential future broad devaluations or fee hikes due to declining interest earnings for banks.
| Category | Type | Rate | Cap | Notes |
|---|---|---|---|---|
| online_shopping | points | 3.33%(13.333 pts @ ₹0.25) | ₹625 / monthly | 10X CashPoints (20 CP per ₹150) on Amazon and Flipkart, non-EMI. 1 CP = up to ₹0.25 → ~3.33% best value. Cap 2,500 CP/month is shared across all 10X partners (~₹625/mo). |
| food_delivery | points | 3.33%(13.333 pts @ ₹0.25) | ₹625 / monthly | 10X CashPoints on Swiggy (non-EMI). Shared 2,500 CP/month cap with other 10X partners. |
| online_groceries | points | 3.33%(13.333 pts @ ₹0.25) | ₹625 / monthly | 10X CashPoints on BigBasket (non-EMI). Shared 2,500 CP/month cap with other 10X partners. |
| groceries_offline | points | 3.33%(13.333 pts @ ₹0.25) | ₹625 / monthly | 10X CashPoints on Reliance Smart SuperStore (non-EMI). Shared 2,500 CP/month cap with other 10X partners. |
| all_spends | points | 0.33%(1.333 pts @ ₹0.25) | — | 2 CashPoints per ₹150 on all other eligible retail spends (~0.33% at best redemption). |
| fuel | points | 0.00%(0 pts @ ₹0.00) | — | Fuel spends earn no CashPoints; only the 1% surcharge waiver (₹250/statement cap) applies. |
| rent | points | 0.00%(0 pts @ ₹0.00) | — | Rent payments earn no rewards. |
| government | points | 0.00%(0 pts @ ₹0.00) | — | Government transactions earn no rewards. |
| wallet_load | points | 0.00%(0 pts @ ₹0.00) | — | Wallet loads / gift card / prepaid loads earn no rewards. |
These categories earn zero rewards on this card. Reward score is scaled down by up to −5%, proportional to how much of the standard basket sits in the excluded categories (v4.3 formula).
500 CashPoints on payment of joining fee (credited after activation as per T&C).
Zero Lost Card Liability
Zero liability on lost card upon reporting.
Quarterly milestone voucher
₹500₹500 gift voucher on ₹50,000 spends per calendar quarter.
Cap ₹500 / quarterly.
Swiggy Dineout discount
10% extra discount on Swiggy Dineout on eligible offers.
monthly.