Credit Card News: AmEx Gold, HDFC Tata Neu, Kotak Solitaire, HDFC Infinia Bharat, Axis Privilege,Fi

Major card and payments changes you need to know (June 2025 update)

1) AmEx Gold Charge Card — No more fuel rewards

Effective date: 12 June 2025
What changed: American Express Gold Charge Card will stop awarding Membership Rewards (MR) points on fuel transactions (petrol, diesel, CNG) at OMCs from 12 June 2025.
Why it matters: If you were using fuel spends to meet the ₹1,000 monthly threshold to get 6X rewards, you’ll lose that route — you’ll need a replacement spend category or card to hit the multiplier.
On-screen graphic: AmEx Gold Charge Card with a “12 June 2025” stamp
Voiceover / Host (V.O.):

“As mentioned earlier, the American Express Gold Charge Card will stop awarding Membership Rewards points on fuel transactions. From 12 June 2025, you won’t earn MR points on petrol, diesel, or CNG payments at OMCs. If you were using fuel spends to hit your 6X on ₹1,000 monthly threshold, you’ll need a new strategy.”

2) HDFC Bank Tata Neu Infinity — Lounge access revamp

Effective date: 10 June 2025
What changed: Tata Neu Infinity cardholders can no longer swipe directly at airport lounges. Instead, lounge access is moved to quarterly spend-based vouchers — cardholders earn vouchers only after hitting specific quarterly spending milestones.
Impact: Encourages higher on-card spends to unlock lounge access; direct swipe convenience is gone.
On-screen graphic: Tata Neu Infinity card + “10 June 2025” banner
Voiceover:

“Effective 10 June 2025, Tata Neu Infinity cardholders can’t swipe directly at airport lounges. Instead, you earn lounge vouchers based on quarterly spending milestones—pushing you to swipe more to unlock access.”

3) RBI actions & digital-wallet review — regulatory watchlist

Regulatory alert + consumer safety focus
Transition graphic: RBI logo + breaking-news ticker

3.1 Penalties

• Deutsche Bank AG, India: penalty of ₹50 lakh

• Yes Bank: penalty of ₹29.60 lakh
  (Reason: non-compliance; not transactional fraud.)

3.2 E-wallet scrutiny after BluSmart collapse
Following BluSmart’s EV collapse, the RBI is reviewing closed-loop wallets (which currently fall outside PPI rules). Potential outcomes being discussed: escrow mandates or PPI-like guidelines to better protect consumer funds if such wallet issuers fail.

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4) Kotak Solitaire Banking — Invite-only premium service

Program launch: invite only for customers with TRV ≥ ₹75 lakh
On-screen graphic: “Kotak Solitaire” logo + TRV meter rising to ₹75 lakh

4.1 Key features

• Up to ₹25 lakh credit line

• Pre-approved home loans up to ₹7.5 crore

• Dedicated Relationship Manager & concierge

• FD-like savings account interest (priority rates)

• Preferential loan rates

4.2 Solitaire Credit Card perks

• No joining fee

• 10 Air Miles / ₹100 on Kotak Unbox flights/hotels

• Zero forex markup

• Unlimited lounge access (2 guests/domain)

• Visa Infinite benefits

4.3 Family & debit card benefits

• Benefits extended to 14 family members

• Debit card includes a Napa Dori kit (cardholder + keychain)

5) Axis Privilege Credit Card (AmEx Network) — New limited-time offers

On-screen graphic: Axis Privilege card + “BOGO Movie Ticket” badge
Notes: Offers apply to Axis Privilege AmEx variant only; strong food, grocery, travel discounts, and a BOGO movie ticket perk.

5.1 Food & grocery offers (until 30 June 2025)

T&Cs: Caps apply; one use / user / month; exclusions include milk, baby items, etc.

5.2 Yatra travel offer (Saturdays: 26 Apr – 26 Jul 2025)

T&Cs: One redemption per card per month per category; valid only on the Yatra app/web.

6) Infinia Reserve — HDFC’s next ultra-premium card (rumour)

Status: Rumoured upcoming launch; positioned above current Infinia.
On-screen: “Infinia Reserve: The Next Ultra-Premium Card”
VO:

“HDFC is reportedly prepping to launch the ‘Infinia Reserve’—their next-level super-premium card. Details pending, but insider leaks suggest it's positioned above the current Infinia. Stay tuned for benefits, fees, and launch details.”

7) HDFC Infinia Bharat — RuPay variant rumour

Positioning: Domestic-usage focused; likely RuPay variant of Infinia with UPI rewards emphasis. Forms hint at strong UPI rewards and core Infinia-style perks once officially announced.
On-screen graphic: “Infinia Bharat: RuPay Variant”

8) Fi Money joins Air India Maharaja Club — Fi-Coins → Maharaja Points

What changed: Fi Money users can convert Fi-Coins into Air India Maharaja Points.
Details:

• Conversion rate: 100 Fi-Coins = 2 Maharaja Points

• Minimum conversion: 100 Fi-Coins (multiples only)

• Transfers are irreversible

• Credit time: 3–5 business days

• Active Maharaja account required

Final takeaways — what you should do now

• If you used AmEx Gold for fuel to meet multipliers, identify alternate spend categories or cards for your 6X strategy.

• Tata Neu Infinity holders: check your quarterly statement for voucher thresholds and plan spend accordingly (lounge swipe convenience is gone).

• Premium banking customers: if invited to Kotak Solitaire, assess credit lines and family coverage vs fees.

• Watch limited Axis/AmEx offers before 30 June 2025 (food/grocery codes + Yatra Saturdays) — they can be valuable if used correctly.

• Monitor RBI guidance on e-wallets — changes could affect closed-loop wallet functionality and consumer protection.

• If you hold Fi Money balance and redeem for Air India rewards, remember conversion is irreversible and takes 3–5 business days.