Every change to Indian card rewards in 2022

20 changes: 8 worse for you, 9 better.

Newest first. Each change links its story, with the before and after and the source · This year’s changes

22 Dec 2022 Emirates Skywards quietly hikes award miles by up to 20% Worse for you · Devaluation · Emirates
9 Dec 2022 BA Avios long-haul redemptions jump up to 92% outside UK/US Worse for you · Devaluation · British Airways
29 Nov 2022 Tata Group announces Air India-Vistara merger Changed · Partner change · Air India
22 Nov 2022 ICICI Bank launches invite-only Emeralde Private Metal card Better for you · Launch · ICICI Bank
22 Nov 2022 Flipkart Axis Bank Super Elite launches at ₹500 Better for you · Launch · Axis Bank
20 Sep 2022 RuPay credit cards go live on UPI Better for you · Launch · NPCI / RuPay
24 Aug 2022 RBI lifts American Express's 15-month new-customer ban Better for you · Improvement · American Express
1 Aug 2022 KrisFlyer kills the cheap Singapore stopover trick Worse for you · Devaluation · Singapore Airlines
5 Jul 2022 KrisFlyer hikes Saver award chart ~10% across the board Worse for you · Devaluation · Singapore Airlines
12 May 2022 Kotak quietly lists White Reserve — a card with no earn rate Better for you · Launch · Kotak Mahindra Bank
12 May 2022 SpiceJet and Axis launch the Voyage co-brand pair Better for you · Launch · Axis Bank
30 Mar 2022 Axis Bank agrees to buy Citi India's consumer banking arm Changed · Partner change · Axis Bank
29 Mar 2022 Marriott Bonvoy scraps award charts for dynamic pricing Worse for you · Devaluation · Marriott
28 Mar 2022 Qatar Airways Privilege Club ditches Qmiles, adopts Avios Changed · Partner change · Qatar Airways
17 Mar 2022 IHG One Rewards overhauls tiers, doubles Gold night requirement Worse for you · Devaluation · IHG
15 Mar 2022 Pinnacle's cash redemption cut from ₹1 to ₹0.75 Worse for you · Devaluation · IndusInd Bank
20 Feb 2022 OneCard tolls app-routed rent and caps the fuel waiver Worse for you · Fee change · OneCard
18 Feb 2022 Axis Bank launches Atlas, its dedicated air-miles card Better for you · Launch · Axis Bank
1 Feb 2022 Axis Magnus adds its legendary 25k-point monthly milestone Better for you · Improvement · Axis Bank
27 Jan 2022 Air India returns to the Tata Group Better for you · Launch · Air India

This year’s and last year’s changes · Every change by bank · The devaluation index