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News & Updates

Find the latest industry news, policy changes, and market updates related to credit cards in India

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Axis Magnus for Burgundy Devaluation (August 2026)

Axis Magnus for Burgundy Devaluation (August 2026): DCC, Gift Cards, Tolls and the Priority Pass Change

Axis Bank revises Magnus for Burgundy terms from 28 August 2026, with identical changes on the standard Magnus. DCC markup rises to 2%, gift cards stop counting towards the ₹30 lakh fee waiver, tolls and FASTag stop earning EDGE Rewards, and Priority Pass no longer works at Indian domestic lounges. Here is the rupee cost of each change.

Abhijeet Kumar Abhijeet Kumar
credit-card-news-india-alert-monzy-2026

HSBC Live+ Credit Card Devaluation [July 2026]

Live+ Credit Card benefits clipped. International cashback gone, lounge access slashed to 2 visits/year, new exclusions. Here's exactly what changes and whether to keep the card.

Anmol Ratan Sachdeva Anmol Ratan Sachdeva