As consumers prepare for festive shopping, India's leading banks and credit card issuers are offering a range of discounts across electronics, travel, fashion and e-commerce platforms. HDFC Bank, ICICI Bank, SBI Card, Axis Bank and Kotak Mahindra Bank have announced promotional deals that could help customers reduce the cost of major purchases during the Diwali shopping season.

According to offers compiled by BankBazaar from bank and credit card company websites as of October 24, 2026, Kotak Mahindra Bank is advertising discounts of up to ₹20,000 on select travel bookings, SBI Card is offering up to ₹16,000 off at Bajaj Electronics, and HDFC Bank has discounts of up to ₹15,000 at Vijay Sales through its EASYEMI programme.

The offers cover multiple spending categories, including domestic and international travel, hotel reservations, televisions, laptops, smartphones, home appliances and online purchases. However, the maximum advertised discount does not necessarily apply to every customer or transaction. The final benefit depends on the card variant, purchase amount, merchant, payment method and offer-specific terms.

Travel Deals: Kotak Mahindra Bank Leads With Discounts of Up to ₹20,000

Travel bookings remain an important category for festive credit card promotions, particularly for consumers planning domestic holidays, international trips or family visits.

Kotak Mahindra Bank is advertising an instant discount of up to 15%, capped at ₹20,000, on MakeMyTrip bookings made using select credit cards. Its offer on Yatra provides discounts of up to ₹7,000 on eligible credit card EMI transactions, while customers booking through EaseMyTrip can access discounts of up to ₹8,000 on qualifying EMI transactions.

HDFC Bank cardholders can receive discounts of up to ₹9,000 on eligible flight bookings through MakeMyTrip using EASYEMI. The bank also advertises a 10% instant discount on eligible domestic accommodation bookings through Agoda, capped at ₹3,000, along with a 15% discount on Cleartrip hotel gift vouchers.

ICICI Bank is offering up to 12% off international flight bookings through MakeMyTrip on eligible credit card EMI transactions. The discount is capped at ₹10,000 on a minimum purchase of ₹10,000. Its Goibibo promotion offers up to 12% off domestic flights, capped at ₹2,000 on a minimum transaction of ₹4,000, also through eligible credit card EMI transactions.

SBI Card is advertising discounts of up to ₹10,000 per card on eligible Air India EMI transactions. Axis Bank, meanwhile, offers up to 12% off flight bookings through Yatra, as well as hotel booking discounts of up to ₹5,000 on eligible EMI transactions. Its Ixigo promotion provides a flat 12% discount, capped at ₹1,200, on qualifying EMI purchases.

For travellers, the most suitable offer will depend on the booking value and the platform being used. A larger discount cap may be more attractive for expensive international tickets, while a smaller capped discount could provide better value on a relatively inexpensive domestic booking.

Electronics Shopping: SBI Card Offers Up to ₹16,000 Off

Electronics and home appliances typically account for a substantial share of festive spending, making bank discounts particularly relevant for customers planning high-value purchases.

SBI Card is advertising discounts of up to ₹16,000 at Bajaj Electronics on a minimum transaction of ₹20,000. At Aditya Vision, eligible customers can receive discounts of up to ₹8,000 on a minimum purchase of ₹25,000.

HDFC Bank is offering an instant discount of up to ₹15,000 at Vijay Sales through its EASYEMI programme. At Reliance Digital, eligible HDFC Bank cards provide a 7.5% instant discount, capped at ₹3,000, through EASYEMI.

ICICI Bank is advertising a 5% discount at Reliance Digital, capped at ₹12,500 on a minimum purchase of ₹10,000, subject to eligible credit card EMI conditions.

These offers could benefit customers purchasing televisions, laptops, smartphones, refrigerators, washing machines and other household appliances. However, shoppers should compare the final payable amount rather than selecting a retailer solely because it advertises the highest discount.

The product's selling price, exchange value, available cashback, warranty benefits and payment-related charges can all influence the final cost. Consumers should also verify whether the offer applies to the exact product and card they intend to use.

Amazon Deals: ICICI, SBI Card and Axis Bank Offer Different Benefits

Amazon purchases are another major category covered by festive credit card promotions, but the discount caps and transaction requirements differ considerably across issuers.

ICICI Bank is advertising a 10% discount on Amazon, capped at ₹11,250, on a minimum purchase of ₹2,490. The offer is available on eligible credit cards and credit card EMI transactions, subject to the applicable terms.

SBI Card is offering a 10% instant discount on eligible Amazon EMI transactions of at least ₹2,490, with the maximum discount capped at ₹49,250 per card. The unusually high advertised cap should not be interpreted as a guaranteed saving on every purchase; the actual benefit will depend on the qualifying transaction and the offer's detailed conditions.

Axis Bank offers a 10% instant discount on Amazon, capped at ₹1,250 for non-EMI transactions and ₹1,750 for eligible EMI transactions.

The difference between these offers can become significant for customers purchasing expensive electronics or multiple products. Nevertheless, the effective discount should be calculated against the actual purchase price, taking into account any restrictions on eligible products and payment methods.

Before completing an order, shoppers should confirm that the discount is visible at checkout and that the selected card qualifies for the promotion.

Fashion, Beauty and Lifestyle Shopping: Kotak and HDFC Bank Expand Benefits

Festive shopping also extends to clothing, beauty products, accessories and lifestyle purchases, with several card issuers offering discounts or enhanced rewards through selected platforms.

Kotak Mahindra Bank advertises a 20% instant discount on District, capped at ₹10,000, for eligible Kotak Solitaire credit cardholders. The bank also offers a 12.5% discount on Tata Cliq, capped at ₹1,000 on a minimum transaction of ₹3,000, and a 10% discount on Nykaa, capped at ₹500 on a minimum purchase of ₹4,000.

HDFC Bank cardholders can access accelerated rewards on eligible e-voucher purchases through platforms including Myntra, Ajio, Croma and Flipkart. The actual value depends on the specific credit card and its reward programme.

For consumers planning several smaller purchases, reward points and voucher benefits may provide useful savings over time. However, customers should compare the value of those rewards with direct discounts available through other payment methods.

HDFC Bank Credit Card Loan Offers: Check the Borrowing Cost Carefully

Apart from shopping discounts, HDFC Bank advertises loan facilities against credit cards of up to ₹1 crore, along with flat processing fees, a gift voucher of up to ₹500 on loan disbursal and a cash facility beyond the credit limit, subject to eligibility and applicable conditions.

Such facilities may provide access to funds for eligible customers, but they should be evaluated separately from festive shopping offers. A loan against a credit card remains a borrowing arrangement, and its cost can depend on the interest rate, processing fee, repayment period and other charges.

Consumers should review the complete repayment schedule and the total amount payable before accepting a loan. Borrowing simply to take advantage of a festive offer can undermine the savings if financing costs exceed the discount received.

How to Calculate the Real Savings From a Credit Card Offer

A headline discount is only one component of the final purchase cost. To identify the most beneficial offer, consumers should compare the effective savings after accounting for eligibility conditions and additional expenses.

Consider a hypothetical purchase of ₹50,000. A 10% discount capped at ₹1,250 would reduce the price by ₹1,250, leaving ₹48,750 payable before other charges. An offer providing a higher percentage discount but subject to a lower cap may deliver a smaller benefit on the same purchase.

For EMI transactions, the calculation becomes more complicated. Interest, processing fees and other applicable charges can reduce or eliminate the benefit of the advertised discount. A no-cost EMI offer should also be examined carefully to understand how the pricing, interest adjustment and fees are structured.

Consumers should therefore compare the following factors before choosing a card:

• Discount percentage and maximum cap: A high percentage does not always translate into a larger saving.

• Minimum transaction value: Check whether the purchase meets the spending threshold.

• Eligible card variants: Some promotions are restricted to selected cards or customer categories.

• EMI conditions: Confirm whether the discount requires EMI and calculate any associated costs.

• Merchant and product eligibility: Offers may exclude specific products, sellers or transaction types.

• Combination with other promotions: Verify whether exchange bonuses, sale prices, coupons and bank discounts can be used together.

• Reward points and cashback: Compare the value of alternative benefits before deciding on the payment method.

Important Precautions Before Using Festive Credit Card Offers

Credit card promotions can make festive purchases more affordable when used strategically, but consumers should avoid spending more simply to qualify for a discount.

Customers should read the official offer terms, confirm the promotion's validity and check whether the discount is applied instantly or credited later. They should also verify any exclusions, maximum usage limits, cancellation rules and refund conditions.

Credit cardholders must continue to meet their repayment obligations. Paying only the minimum amount due can lead to interest charges on the outstanding balance, potentially eroding the savings achieved through a promotional offer. Where possible, customers should use their cards for purchases they have already budgeted for and repay the outstanding amount in full by the due date.

Consumers should also avoid choosing a more expensive product or retailer solely to obtain a bank discount. A lower-priced product purchased without a promotional offer may still deliver better overall value.

Market Outlook

The festive credit card offers from HDFC Bank, ICICI Bank, SBI Card, Axis Bank and Kotak Mahindra Bank highlight the continuing importance of digital payments and card-based promotions in India's consumer spending market. Electronics retailers, online marketplaces, travel platforms and lifestyle brands are using bank partnerships to attract customers during one of the year's busiest shopping periods.

For consumers, the opportunity lies in matching the right card with an already planned purchase rather than treating a discount as a reason to spend more. SBI Card's advertised offer at Bajaj Electronics, HDFC Bank's EASYEMI promotion at Vijay Sales and Kotak Mahindra Bank's travel discounts may be particularly relevant to customers making large purchases, provided the eligibility requirements are satisfied.

Ultimately, the best Diwali deal is not necessarily the one with the largest headline discount. It is the offer that delivers the lowest effective cost after accounting for interest, fees, eligibility restrictions and alternative promotions. Careful comparison and disciplined repayment can help consumers enjoy festive savings without creating unnecessary financial pressure.