New Delhi: Consumers planning festive-season purchases can explore credit card discounts from five major banks and card issuers — Kotak Mahindra Bank, SBI Card, HDFC Bank, ICICI Bank and Axis Bank. The offers highlighted to cover holiday bookings, electronics and online shopping, with advertised discounts reaching ₹20,000 on selected transactions.

The offers were compiled from BankBazaar listings and bank and credit card issuer websites as of October 24, 2026. However, the benefits vary by card, merchant, purchase value and payment method. Some deals apply only to eligible equated monthly instalment (EMI) transactions, while others are available on non-EMI purchases.

1. Kotak Mahindra Bank: Discounts on travel bookings

Kotak Mahindra Bank is offering discounts of up to ₹20,000 on holiday bookings through MakeMyTrip using selected credit cards, according to the report.

The offer could interest families planning domestic or international holidays during the festive season. Travel discounts can reduce booking costs, particularly when applied to larger holiday packages.

Customers should check the eligible card list, minimum booking amount, applicable travel products and offer period before making a reservation. The maximum advertised discount may not apply to every booking, and the final benefit will depend on the transaction and the offer’s terms.

2. SBI Card: Savings on electronics and online shopping

SBI Card is offering discounts of up to ₹16,000 at Bajaj Electronics, The offer could benefit consumers purchasing televisions, refrigerators and other household appliances.

The report also lists an instant 10% discount on Amazon EMI purchases, with a stated maximum discount of ₹49,250 per card. However, customers should verify the current validity and conditions before relying on this figure.

The official SBI Card festive-offers page lists the Bajaj Electronics offer with a minimum transaction value of ₹20,000 and validity from October 2 to November 16, 2026. Its listed Amazon offer, meanwhile, was valid only until October 20, making it expired as of October 29 unless a separate extension or replacement offer applies.

This illustrates why customers should verify individual offers rather than assume every deal in a festive-season roundup remains active.

3. HDFC Bank: Discounts at Vijay Sales

HDFC Bank is offering discounts of up to ₹15,000 at Vijay Sales under its EASYEMI scheme, the report states.

The offer may be useful for shoppers planning higher-value electronics purchases through eligible instalment transactions. Before choosing EMI, cardholders should compare the total amount payable with the price available through a regular payment.

Interest, processing fees and other charges may affect the overall savings. An advertised discount is most beneficial when the reduction in price exceeds any additional costs associated with the transaction.

Customers should also confirm whether their specific HDFC Bank credit card qualifies and whether the product and purchase amount meet the offer requirements.

4. ICICI Bank: Offers on Amazon and Reliance Digital

ICICI Bank’s listed offers include discounts of up to ₹12,500 on eligible credit card EMI purchases at Reliance Digital. The report also highlights a 10% Amazon discount, capped at ₹11,250.

These offers may appeal to consumers buying smartphones, home appliances and other electronics. However, the maximum discount should not be treated as a guaranteed saving on every purchase.

The bank’s official festive-offer page lists multiple deals with different validity periods, minimum transaction values and payment conditions. Customers should check the relevant product offer before completing the transaction, particularly when using EMI or shopping through a specific merchant platform.

5. Axis Bank: Additional savings on Amazon

Axis Bank’s offers highlighted in the report include discounts of up to ₹1,250 on eligible non-EMI Amazon purchases and ₹1,750 on qualifying EMI transactions.

Although these advertised discounts are lower than some of the other offers, they could still reduce the final cost of an eligible purchase.

Customers should compare the benefit with the price available through other payment methods. They should also check whether the offer applies to their card variant, product category and transaction amount before placing an order.

What customers should check before using an offer

Credit card discounts can reduce festive shopping expenses, but the headline amount alone does not determine whether a deal offers good value.

Consumers should consider the following points before making a purchase:

  • Offer validity: Confirm that the offer is still active on the date of the transaction.
  • Eligible cards: Check whether the discount applies to the specific credit card being used.
  • Minimum transaction value: Verify the minimum purchase or booking amount required.
  • Maximum discount: Understand the cap on savings and whether the discount applies once per card or across multiple transactions.
  • EMI conditions: Check the interest rate, processing fee, tenure and any other charges.
  • Returns and cancellations: Review whether a refund or cancelled order affects the discount or cashback.
  • Total cost: Compare the final payable amount with prices offered through other payment methods and sellers.

A 10% discount, for example, does not automatically make a purchase cheaper if another seller offers a lower base price. Similarly, an EMI offer may not provide meaningful savings if the associated charges outweigh the discount.

Responsible spending remains important

Festive offers can make planned purchases more affordable, particularly when consumers already intend to buy an appliance, book a holiday or replace an electronic device. The benefit is less clear when a discount encourages unnecessary spending.

Cardholders should set a budget, compare prices and ensure they can repay their credit card bill on time. Carrying an unpaid balance can result in interest charges that outweigh the savings from a promotional offer.

The five banks and issuers highlighted to provide options across travel, electronics and e-commerce. The most suitable deal will depend on the purchase, the cardholder’s eligibility and the final cost after all applicable charges.

With offer conditions and expiry dates varying by bank and merchant, checking the latest official terms before payment remains essential.