RBI Policy & Regulatory Updates Feed

Cardmembers lose integrated select-brand portal acceleration on the Reward Multiplier page (Apple, Tanishq, MakeMyTrip, Nykaa, Myntra, Ajio, Lenovo, etc.) effective 30 September 2026. ShopWise e-voucher acceleration (up to 5X MR on 200+ brands) continues independently — equivalent reward value is accessible by buying ShopWise e-vouchers for the same merchants before checkout. No change to base earn rates, transfer ratios, or fee waivers.

For users who never use the complimentary memberships: saves ₹5,000–₹15,000/year in unutilised auto-renewal charges. For active users: must actively opt-in.

TBD — awaiting official SBI Card notice for specific impact numbers.

Borrowers with floating EBLR contracts experience transparent quarterly rate resets aligned directly with RBI policy transmissions without discretionary lender markup.

Cash advance fee hike: ~₹100–200 extra per cash withdrawal. Forex markup hike (2.0%→3.5% on mass cards): ~₹1,500 extra per ₹1L of international spend. Reissuance fee ₹199 added (previously free on most variants).

On ₹20,000/month general spend: monthly rewards drop from 533 RPs to 500 RPs — a 6% reduction. Annual reward loss: ~400 RPs.

Annual fuel value loss for ₹7,000+/month fuel spenders: up to ₹2,250/year.

For heavy ride-hailing users (>₹10K/month), ₹50–100/month reward loss. Moderate annual loss: ~₹600–₹1,200.

Significant interest savings for high-credit borrowers switching from MCLR or non-bank HFC regimes.

Late-payment fee ceiling up by ₹100 in top slab (~₹800/year extra for repeat offenders). Reward structures untouched on most cards.

Users spending ₹10,000–15,000/month on utilities/insurance previously qualified for lounge; now they need ₹20,000 in general retail spend.

Wallet load surcharge hits users who pay bills via credit card load — a common optimization method now costs 1% extra.

Each lounge visit is worth ₹300–₹500 in access fees. Losing 4 visits = ₹1,200–₹2,000 in annual value lost.