What is a credit card devaluation?

Devaluation occurs when a bank reduces the monetary value of a reward point (e.g., from Rs. 1 to Rs. 0.50) or removes transfer partners, instantly reducing your portfolio's worth.

Should I hoard reward points?

No, reward points are not assets; they are liabilities for the bank. They do not earn interest and are subject to sudden devaluation. It's mathematically better to 'Earn and Burn'.

How does EQUIS track this?

Our calculator takes your current point balance and compares the old conversion ratio with the new one, showing you the exact INR loss you suffered.

Portfolio Damage Audit

Calculate the exact monetary loss when banks devalue credit card reward points. Track your portfolio's true worth.

＋Equis / Asset Analytics

FORM DEVAL · REV. 01

Select Asset

Affected Card

Monthly Burn Rate

Card expenditure

₹

DEVALUED

Damage Audit Report

Pre-Devaluation Yield (Annual)₹17,000

Current Yield (Annual)-₹350

The most infamous devaluation in Indian credit card history. Milestone bonuses were axed, reward transfer ratios were slashed by 50%, and the annual fee was hiked.

Net Financial Damage-₹17,350

Yield Destruction

-102.1%

EQUIS Recovery Protocol

You are actively losing ₹17,350 in net annual yield. We mathematically recommend downgrading this asset immediately.

Pivot to: HDFC Infinia / DCB

Execute Protocol ➔

EQUIS AUDIT • INDEPENDENT CALCULATION

#	Structural Change (Devaluation)
01	removeMonthly 25,000 EDGE Points milestone entirely removed.
02	removeMiles transfer ratio severely reduced from 5:4 to 5:2.
03	removeAnnual Fee increased from ₹10,000 to ₹12,500.
04	removeSpend-based lounge access introduced (₹50k/qtr).
05	removeBOGO movie tickets and Meet & Greet services revoked.