Many banks including SBI, HDFC Bank and Kotak Mahindra Bank have revised their credit card rules, which will come into effect in July 2025. These include the discontinuation of free air accident insurance on certain SBI cards, the introduction of new transaction fees and reward point limits by HDFC Bank, and the gradual replacement of the Myntra Kotak Credit Card with the Kotak League Credit Card. The updated terms of these credit cards should be reviewed by cardholders to prevent any loss.