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.

 

[its_karan]

We already have other better options for utility payments.

Please name some

I really feel there should be an RBI norm that disallows devaluation in the first year of a sign up unless fees are refunded. In any other business you can't just take away what you took money for.

Business continuity 1 year bhi toh guaranteed honi chahiye

So not even good enough to cover a basic broadband connection fully 🤦‍♂️

Airtel ke plans hi cover kar lete

ye log

 

[JSFinance]

Will Atlas still give miles for rent less than 50k as rent was already excluded earlier with this condition ?

 

[bvc19296]

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

Your Fav Axes Magnus was exempted from premium/Super premium now.

 

[SSV]

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).

Which is very good ... only the real spenders will be allowed into the lounges freely.. others can pay..

 

[bvc19296]

Which is very good ... only the real spenders will be allowed into the lounges freely.. others can pay..

Yes lounges will be less accessed at least by 25%-30% now.

 

[Buttman]

Atlas and Neo

Firbhi axis pe govt spends and jewellery spends pe points the. Ab sab gaya

 

[SSV]

Yes lounges will be less accessed at least by 25%-30% now.

Now, my ULIP based Infinia Metal LTF tastes even much sweeter than before !!

Mind you: It is my first ever HDFC card... icing on the cake !!

 

[rogerthat]

Words cannot describe how bad I'm feeling right now ,

Magnus was my 1st Super Premium Card ,at a time when DCB or Infinia seemed beyond my reach(I've got separate beef with HDFC ,but that's for another thread) ,Axis gave me Magnus ,

And even after Sep 23 devaluation, i stuck with them because of non spend based benefits ,Lounge ,Meet and Greet ,Guest access etc

But now Axis has chopped off any reason to hold on to this card ,

And I'm shattered

Same here bro, same here. I was infact thinking of continuing Magnus for the lounge, BMS (we watch a lot of movies) and Eazydiner benefits.

Now I am mortified. For the thought that despite sticking with them and giving them so much business (about a lakh every month) they still don't want me and shoos me and my business away!

 

[bvc19296]

Can someone with adequate knowledge please explain me this, was Axis not earning anything when we swiped our cards online or offline? I mean I am certain that people and me did spend big on this card in the past year and half.

Meet & Greet was barely used by everyone on the Magnus even though they had the quota left. It was a great benefit but was it that abused that they couldn’t cover the cost even when a significant portion of the allotted quota went unused? Didn’t even think of reducing the number straight killed the whole program at once, nice.

BOGO was one of the best feature for me but how much it could have costed? Like was everyone redeeming all 5 tickets every damn month?

Lounge access is acceptable ki okay, you gotta cut them down, I can even accept the 50k criteria as this was indeed a premium card and 50k/quarterly is not the end of the world but Hello? People are paying almost 12-14k just for the fees and some people like me also renewed it with no benefits just for the features they offered.

Their concierge I’ve never tried but I am sure not many holders used that too to such an extent where they had to completely kill the whole desk!

The MCC’s they removed were the big ticket ones after all. How is a normal person, with at least 24 lakhs worth of ITR or someone whom a bank deems worthy of giving a 4 lakhs worth of credit every month, not gonna spend significantly on these categories????

Sadly, I renewed this card back in December and hence there is nothing that I can do now.

Its a bit of a rant but also I am genuinely asking the questions that I asked. 😅

PS- Koi Emeralde Private Metal ya Zenith+ dila do bhai. Lage toh 100-50 upar chalega. 🤣

It would have been better part atleast with BOGO 250 capping or 3 times a month with Magnus and 2 M&G. Killed it all of a sudden.

 

[Predator]

Yes lounges will be less accessed at least by 25%-30% now.

kha se laye bhai ye data?

Rupay abi zinda hai and sasta bhi

 

[SSV]

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..

because of this ...

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

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/default-source/default-document-library/credit-cards/terms-and-conditions-for-magnus-burgundy-credit-card.pdf Magnus -...

www.technofino.in

 

[Swastik]

Same here bro, same here. I was infact thinking of continuing Magnus for the lounge, BMS (we watch a lot of movies) and Eazydiner benefits.

Now I am mortified. For the thought that despite sticking with them and giving them so much business (about a lakh every month) they still don't want me and shoos me and my business away!

At this pointnit seems Axis bank credit card arm is going into a nosedive ,
They don't care about anyone, even themselves

 

[bhanubryant]

Just got Atlas card made, this month only. 😂

 

[Venky]

It would have been better part atleast with BOGO 250 capping or 3 times a month with Magnus and 2 M&G. Killed it all of a sudden.

It would have been better part atleast with BOGO 250 capping or 3 times a month with Magnus and 2 M&G. Killed it all of a sudden.

Exactly. It would have been so much better instead of going on this rampage and getting a headshot on their reputation and reliability.

 

[Deleted member 27665]

Axis My Zone filhaal Zone mein hai

 

[SSV]

Exactly. It would have been so much better instead of going on this rampage and getting a headshot on their reputation and reliability.

this was long gone in the last year ...

 

[hrish88]

I dont see reserve in the list.has that survived this somehow?

 

[bvc19296]

Exactly. It would have been so much better instead of going on this rampage and getting a headshot on their reputation and reliability.

There is nothing left as reliability and reputation as such now with Axis. Not sure how they are gonna handle Citi customers. I have been with Citi for the past 13 years and I'm worried now.

 

[Buttman]

Means atlas has no renewal benefit for silver tier

Yeah! Seems it’s gone. Was bound to happen as I recently got the card xD

 

[JSFinance]

Will Atlas still give miles for rent less than 50k as rent was already excluded earlier with this condition ?

Anyone ? Is this condition gone now ?