Credit Card Perks Slashed: SBI, HDFC, ICICI Cut Benefits. Is Your Card Affected?

• Indian banks, including SBI, HDFC, ICICI, Axis, and American Express, are significantly reducing credit card benefits.
• Changes include limited airport lounge access, vanishing movie offers, harder-to-earn reward points, and increased minimum spend thresholds.
• Amex Platinum Travel Card now offers fewer points and requires higher spending for Taj voucher; SBI Card reduced lounge visits.
• ICICI Bank removed complimentary movie tickets from Platinum cards and capped monthly reward points.
• HDFC Bank reversed a major reward multiplier cut on its Infinia card after customer backlash.