HDFC Bank Reduces Reward Points on Infinia Credit Card Voucher Purchases

HDFC Bank will reduce reward points on its premium Infinia credit card from January 16, lowering the multiplier on SmartBuy voucher purchases from 5X to 3X. This change decreases the effective reward rate on vouchers from about 16.7% to 10%, while the base earning rate on regular spending remains unchanged. The adjustment reflects a broader industry trend, with other banks also revising credit and debit card benefits to manage costs and update access policies.