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.

 

[Rajat94]

Tier benefit removal from atlas is so upseting. I would have been able to cross till platinum but now airport transfer, meet and greet gone.
Any other card which offers airport transfer except zenith+ and bob sapphire debit card?

Also 2miles/200 rs is only capped for 2L spend on travel and hotel right? What about 2L+ spend on online shopping?

For Flight and Hotel - 5EM/Rs.100 upto spends Rs.2 Lakh and 2EM/Rs.100 for spends more than 2 Lakh
For all other spends - No Change. 2EM/Rs.100 on all spends

 

[nknaveen457]

Nothing happening atlas is safe at-last

Who told you atlas is safe? I just received the notification where they have excluded transaction done on government services for miles and spend limit calculation. Also, they have removed 2500 miles annual reward for silver tier customer and also removed conceirge and meet and greet service. I was mainly using it to earn miles for tickets booked through government agent ( balmer laurie) and its useless.

 

[Rajat94]

One after other

 

[Card_Maddy]

Magnus ka toh jo oxygen pe rakha tha wo bhi hata diya !

 

[helloworld]

updated post with whatever PDFs I can, by changing URLs .. do share the pdf URLs for other cards, you received.

myzone survived with pytm bogo, swiggy 500 min. order. as of now..

 

[BrokenBoot]

Im Telling Yall it all happened coz of money rotation and Abusers. otherwise i don’t think any bank would devalue their most premium cards at this level. they would be bearing losses before devaluation compared to Now !

 

[rafzy]

Im Telling Yall it all happened coz of money rotation and Abusers. otherwise i don’t think any bank would devalue their most premium cards at this level. they would be bearing losses before devaluation compared to Now !

Even if that was the case, a sensible bank would put controls in place to curb the abusers not carpet bomb the whole creditcard population.. people who genuinely use the card are now screwed just because the bank doesn't care for anyone.. not even the guys whole deposited 10laks or 30 laks trv... Everyone is royally screwed now

 

[Rajat94]

Did anyone confirm with axis that Airport Meet & Assist, airport transfer on ATLAS have been withdrawn from immediate effect or they will accept bookings till 19th April 2024, like they are doing for Magnus under new T&C's?

 

[AlphaCAT]

Did anyone confirm with axis that Airport Meet & Assist, airport transfer on ATLAS have been withdrawn from immediate effect or they will accept bookings till 19th April 2024, like they are doing for Magnus under new T&C's?

Will accept till 19 April

 

[Rajat94]

Will accept till 19 April

And bookings can be for travel dates beyond 19th April?

 

[HOME_CARDER]

Did anyone confirm with axis that Airport Meet & Assist, airport transfer on ATLAS have been withdrawn from immediate effect or they will accept bookings till 19th April 2024, like they are doing for Magnus under new T&C's?

As per my knowledge all the new changes will be effective from April 20th.

 

[SSV]

Axbk.in/XlRvRhJEI20

Now ,this will ease a bit in the airport lounges ..
Still a long way to go though !!

 

[bvc19296]

Did anyone confirm with axis that Airport Meet & Assist, airport transfer on ATLAS have been withdrawn from immediate effect or they will accept bookings till 19th April 2024, like they are doing for Magnus under new T&C's?

Will be accepted till 19th April 2024.

 

[SSV]

Please post a link for that too. I might have to cancel mine tomorrow then.

https://www.axisbank.com/docs/default-source/default-document-library/credit-cards/terms-and-conditions-for-select-credit-card.pdf

see the first post , it is updated with all the PDFs

 

[bvc19296]

Now ,this will ease a bit in the airport lounges ..
Still a long way to go though !!

Yes it will. As we discussed in some other thread the other day.

Not being harsh, Lounge benefits has to be minimised on base Rupay cards

 

[helloworld]

Now ,this will ease a bit in the airport lounges ..
Still a long way to go though !!

unlike other banks, they're asking 50k in last 3 months (not based on quarter or some period like that). It means at any point of time, last 3 months should be >50k (~17k every month mandatory spends on any axis card they're expecting).

 

[Rajat94]

Will be accepted till 19th April 2024.

I am asking for ATLAS.

 

[dealminer]

Lounge benefits has to be minimised on base Rupay cards

Tata nunu 🥸

 

[SSV]

Yes it will. As we discussed in some other thread the other day.

Not being harsh, Lounge benefits has to be minimised on base Rupay cards

most of the entry level and mid tier cards acces will be removed / some spend based criteria will be applied in the coming 6 to 12 months..
Only Super premiums will be spared,... Premium cards also will need to fulfill spend criteria...
All this my guess.
After one year, we will see some sanity in the lounges

 

[bvc19296]

unlike other banks, they're asking 50k in last 3 months (not based on quarter or some period like that). It means at any point of time, last 3 months should be >50k (~17k every month mandatory spends on any axis card they're expecting).

That was more than 17K per month for the 95% Magnus users. Almost every one targeted and spent beyond 1L before September 2023 which was called Magnus Era.