Credit Card Devaluation Report, 2026

Every reward rule across the 80+ cards Tapwise tracks has a curated baseline from the issuer's MITC document. Our scraper re-fetches MITC + issuer reward pages weekly and compares the parsed structure to the baseline. When something material has changed (a rate dropped, a cap was added, a category was excluded), the diff lands as a row in our internal change-alerts table.

We never auto-apply devaluations. Every alert sits in a queue for human review against the source document. Only rules confirmed by review are pushed into the public reward database. This report counts every alert logged, whether reviewed yet or not; the "human-reviewed" percentage shows how much of the window has been worked through.

Severity is set by the scraper from the magnitude of the change: a rate drop more than 1 percentage point or a new cap below ₹2,000/mo is high; smaller rate trims and new caps above that threshold are medium; cosmetic rewording is low and excluded from the "notable" list above.

Refreshed daily. Last refresh: 2026-07-19.