HDFC Bank Slashes Infinia Credit Card Rewards, SmartBuy Voucher Points Reduced

• HDFC Bank's premium Infinia credit card will see reduced rewards starting January 16.
• The points multiplier on SmartBuy voucher purchases will drop from 5X to 3X, significantly impacting accelerated rewards.
• Effective return on vouchers will decrease from approximately 16.67% to about 10%.
• The base earn rate of 5 points per Rs 150 on everyday spending remains unchanged.
• Other banks like ICICI Bank are also tightening reward programs and introducing new fees, indicating an industry-wide trend.

Why It Matters: HDFC Bank has reduced SmartBuy voucher rewards on its Infinia credit card, reflecting a broader industry trend.