Major credit card rule changes in July 2025: Check latest updates from SBI, HDFC Bank, and Kotak Mahindra Bank

Several banks, including SBI, HDFC Bank, and Kotak Mahindra Bank, are updating their credit card rules starting in July 2025. SBI is discontinuing free air accident insurance on select cards, while HDFC Bank introduces new transaction fees and reward point limits. Kotak Mahindra Bank will replace the Myntra Kotak Credit Card with the Kotak League Credit Card.