Axis Bank Brutal Devaluation of Atlas/Reserve/M4B/Vistara/Samsung/Flipkart/Ace/Airtel/Myzone/IOCL & Other Credit Cards

[TechnoFino]

With effect from 20th April 2024, the following changes will be applicable on your favourite axis bank credit cards.

Magnus for Burgundy - https://www.axisbank.com/docs/defau...onditions-for-magnus-burgundy-credit-card.pdf
Magnus - https://www.axisbank.com/docs/defau...rms-and-conditions-for-magnus-credit-card.pdf
Atlas - https://campaign.axisbank.com/generic/axis-atlas-credit-card-terms-and-conditions.pdf
on atlas welcome benefit has been reduced to 2500 EM . Earlier it was 5000 EM

Vistara Platinum - https://www.axisbank.com/docs/defau...nditions-for-vistara-platinum-credit-card.pdf
Select - https://www.axisbank.com/docs/defau...rms-and-conditions-for-select-credit-card.pdf
Privilege - https://campaign.axisbank.com/generic/axis-privilege-credit-card-terms-and-conditions.pdf
Flipkart - https://campaign.axisbank.com/generic/flipkart-axis-bank-credit-card-terms-and-conditions.pdf
Ace - https://campaign.axisbank.com/generic/axis-bank-ace-credit-card-terms-and-conditions.pdf
Airtel - https://campaign.axisbank.com/generic/airtel-axis-bank-credit-card-terms-and-conditions.pdf
Indian Oil - https://www.axisbank.com/docs/defau...it-cards/indian-oil-axis-bank-credit-card.pdf

Domestic Lounge - https://www.axisbank.com/docs/default-source/default-document-library/credit-cards/dlg.pdf
Mile Transfer Program - https://campaign.axisbank.com/generic/miles-transfer-program-credit-card-terms-and-conditions.pdf

In short (what changed):

- Buy-one-Get-one free movie/non-movie ticket offer on BookMyShow will be discontinued.
- 24*7 complimentary concierge services will be discontinued (seems like no one using it).
- Complimentary airport meet & assist services reduced and/or discontinued.
- Gold/Jewelry, Govt. Services, Utilities not eligible for milestone, normal reward points - nothing.
- Domestic lounge access required 50,000 in previous 3 calendar months.
- and more..

For individual card related changes do refer respective pdfs.

 

[NShah]

Pdf ?
Usme voucher bacha ho ..waise v uska itna he use hai

Ye lo 🤣 🤣

 

[Vasuki]

Kuch din pehle main ye card lene wala tha. Axis wale kuch zyada hi bada chada ke bol rahe the is card ke bare me. Socha 50k asani se kharch ho jayenge ek saal me. Acha hua us waqt maine call disconnect kardiya. Bach gaya.

Can't defend 3.5 l .
Whooping massive number

But still great on edge reward on upi & fuel

 

[BhaiyaJi]

Thats why I got my LTF Myzone today

G o o d 🙏

 

[Vasuki]

I want to call now to cancel Select and IOCL, but I think there will be a high volume of calls. It might be better to wait a day or two.

Btw how you are sorted for 2 years?

Why cancel? U anyways have this year

 

[mrbean007]

Definitely planning to close this card though I have it LTF

 

[Gaara]

Share iocl pdf

I'm waiting for that @DocFixIt

 

[xiddy]

So glad i closed it.

 

[AlphaCAT]

 

[BhaiyaJi]

Mara v nhi ...
Kal marunga

Is week axis ki jaan nikal dunga 🤣

Aaram se bhai, maar mat dena Axis ko. Bank discount chahiye Axis ke

 

[zaid_2913]

Share iocl pdf

Here it is. Have a good laugh 😂

 

[Zacobite]

y

Effective 1st May 2024,

1. The maximum cashback on Airtel Mobile, Broadband, Wi-Fi and DTH bill payments via Airtel Thanks App in a statement cycle has been revised from Rs. 300 to Rs. 250.

2. The maximum cashback on other utility payments such as gas, electricity, etc., via Airtel Thanks App in a statement cycle has been revised from Rs. 300 to Rs. 250.
Utility spends on any other platform except Airtel Thanks app will not be eligible for cashback.

3. Access to domestic airport lounges will be based on a minimum eligible spend of Rs. 50,000 in the previous 3 calendar months. In the case of a newly issued card, the minimum spend criteria is waived for the month of card issuance as well as for the following 3 calendar months.

ICICI will be like, Welcome to the Club

icici sbi hdfc scb amex will have a good year end..if they are aggressive to leverage this anti axis sentiment

 

[Rajat94]

Here are the Changes in Axis ATLAS Credit card effective 20th April 2024:-

1. Spends on government services, utilities, gold/jewellery, rent, wallet, insurance and fuel will not be eligible for EDGE Miles earn, milestone achievement calculation and Tier evaluation.
2. Capping on earning 5 EDGE Miles for every Rs. 100 spent on TRAVEL EDGE , airlines and hotels up to cumulative transactions of Rs. 2,00,000 per month. Earn 2 EDGE Miles per Rs. 100 on spent above cumulative transactions of Rs. 2,00,000 per month.

3. Get up to 10,000 EDGE Miles as milestone benefit on achieving spends milestone:
​ Spends Milestone( in Rs.)​ Number of EDGE Miles​ On Rs. 3,00,000 spends​ 2,500​ On Rs. 7,50,000 spends​ Additional 2,500​ On Rs. 15,00,000 spends​ Additional 5,000​
4. Get up to 5000 EDGE Miles as annual Benefit basis tiers:
​ Cardholder tier​ Number of EDGE Miles​ Silver(Base)​ Not Applicable​ Gold​ 2,500​ Platinum​ 5,000​

5. Total EDGE Miles that can be transferred to partner points in a calendar year will be capped at 1.5 Lakh in a calendar year.
6. Maximum of 30,000 EDGE Miles to partners in Group A and Maximum of 1,20,000 EDGE Miles to partners in Group B. (https://campaign.axisbank.com/generic/miles-transfer-program-credit-card-terms-and-conditions.pdf)
7. Airport Meet & Assist, airport transfer and 24*7 complimentary concierge services will be discontinued.

 

[avinash2711]

Better close the card now, this is now an expensive 12.5k annual fee card without basic offers like golf,hotel memberships, car rentals.

I will close it. I will use last BOGO and then close it.

 

[AlphaCAT]

Ace / Flipkart / Privilege/ MyZone / IOCL

Atlas / Magnus / M4B all butchered !!

 

[Vasuki]

Ye lo 🤣 🤣

Thanks will discuss on this after Strom.
Looks like i have to put more money in hdfc now 💀

 

[Animal]

Tomorrow AXIS CC will be bombarded with card cancellations.

 

[Gaara]

Here it is. Have a good laugh 😂

Rs. 3.5 Lac or more in a card anniversary year

 

[nangkong]

Definitely planning to close this card though I have it LTF

why would you do that if its ltf? besides i think other cards like axis airtel and axis ace have also been devalued if you're looking to replace the flipkart axis card with another axis card.

 

[phoenix1386]

Thats why I got my LTF Myzone today

Always one step ahead. I like this.

 

[msk1437]

Time to pay off my bulk insurance and upgrade ito to myzone ltf