Could you provide more insights from your conversation coz if avg lounge cost per person is around Rs1000, I do not see card companies giving it as freebie, as to recoup this amount on transaction pf lets say 60,000 and MDR around 1.5%, plus lounge facility is a small portion of the benefits offered to CCs, also with very few customers revolving credit card balance interest income will reduce and then banks have to focus on their overall product costs and devalue their cards.
If we look at SBI cards I think in its concall its income has dropped due to lesser revolvers, so product managers will have to cut costs.
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