Credit Card News & Update- SBI Card Tata Neu Launch, Yatra Card Discontinuation, Visa Infinite Perks & RBI Penalties”

Today we’ve got four major updates from the world of credit cards and banking. From SBI Card’s exciting co‑branded launches with Tata Neu to the RBI’s latest penalties on top banks, we’ll break it all down. Let’s dive in!

1. SBI Card’s New Tata Neu Plus & Infinity Cards

In mid‑April, SBI Card entered the Tata Neu co‑branding arena with two fresh offerings: the SBI Card Tata Neu Plus and the SBI Card Tata Neu Infinity. Aiming to rival HDFC’s Tata Neu cards, these new SBI Cards deliver Tata‑brand perks and NeuCoin rewards.

1.1 Tata Neu Infinity SBI Card

• Joining & Annual Fee: ₹1,499 + taxes

• Welcome Benefit: 1,499 NeuCoins (effectively offsets the fee)

• Rewards: 5% value back as NeuCoins on Tata Neu App/Website & partner Tata brands

• Forex Charge: 1.99%

• Fee Waiver: Annual fee waived on ₹3 lakh annual spends

Lounge Access Distinction: Unlike HDFC’s Infinity (which offers unconditional lounge access), SBI’s Infinity requires you to spend ₹75,000 in the previous quarter to unlock complimentary airport lounge visits.

1.2 Tata Neu Plus SBI Card

• Joining Fee: ₹499 + GST

• Welcome Benefit: 499 NeuCoins upon realizing the joining charge

• Lounge Visits: 1 complimentary visits if you spend ₹50,000 in the previous quarter(4 Per Year)

• Renewal Fee Waiver: On ₹1 lakh annual spends

Everyday Friendly: Tata Neu Plus mirrors Infinity’s spend‑based lounge access but with lower fees and lighter requirements—perfect for regular Tata shoppers.

2. SBI Card Discontinues Yatra Co‑branded Card

SBI Card is phasing out several airline co‑branded cards—including Etihad, Vistara, Air India—and now the Yatra SBI Credit Card joins the list.

• What’s Changing: New Yatra SBI Cards will no longer be issued.

• Impact on You: Existing cardholders can continue using their cards and enjoying Yatra perks without interruption.

• Next Steps: If you loved exclusive flight and hotel savings via the Yatra card, explore alternative travel cards or booking platforms to fill the gap.

3. Complimentary Meet & Greet with Visa Infinite

Exclusive Visa Infinite Airport Perks are here for premium travelers. In partnership with Adani Digital Labs, Visa Infinite now offers one free Meet & Greet service per year at select Indian airports.

3.1 What’s Included?

• Curbside welcome by an Atithya officer

• Dedicated point‑of‑contact support

• Escort from curb to boarding gate

• Porter assistance (up to 3 bags) to check‑in

• Golf‑cart gate transfers (subject to availability)

• Guidance on airline & airport procedures

• 2‑hour departure‑lounge access

• Personal shopper at duty‑free (on request)

• Unlimited rescheduling

3.2 Eligibility & Airports

• Eligibility: Must hold a Visa Infinite card in good standing and have at least $1,000 in international spends over the past 12 months.

• Airports Covered (11): Mumbai, Delhi, Bangalore, Hyderabad, Chennai, Ahmedabad, Jaipur, Lucknow, Guwahati, Mangalore, Trivandrum, Goa.

• Popular Eligible Cards:

  • HDFC Infinia

  • IDFC Ashva

  • Yes Bank Marquee

  • Axis Reserve

  • IDFC WoW!

4. RBI Penalties on Three Major Banks

On 17 April 2025, the Reserve Bank of India imposed fines on Kotak Mahindra Bank, IDFC FIRST Bank, and Punjab National Bank for regulatory lapses. Here’s the breakdown:

Key Takeaway: These penalties target compliance systems, not customer transactions. Kotak faced the steepest fine for loan‑delivery guideline breaches, while IDFC FIRST and PNB were penalized for KYC and service‑rule lapses, respectively.

5. Kotak Bank ATM Charges Update

Starting 1 May 2025, Kotak Bank is revising ATM fees once you exceed your free‑withdrawal limit:

Note: If your account variant already includes complimentary ATM transactions, your free‑transaction limits remain unaffected. For any queries, contact Kotak’s Customer Care team.