The Ken analytical piece talks about:
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Lounge Access as the sole motive of the credit card users that fall in the mass category. This mass category is 60% of the credit card users in India. Banks may tighten the lounge access criteria for this cateogry.
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The total product cost has gone up to 25 BPS from 10 BPS because of the free lounge access
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In 2019, ICICI had evaluated free lounge access but it had to be dropped because of COVID-19.
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No restrictions are expected on Premium category cards
Another interesting point is: “Though 30–40% of a bank’s credit-card portfolio is given free lounge access, interestingly, only 3–5% of the cards see lounge usage, said a senior executive at a lounge provider.”
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