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.

 

[bengaltiger]

Sorry I was not following for sometime. for lounge access related Q.

domestic :
If I have spent 50k in March then April, May , June I can use domestic lounge.
July not possible to access.

International only total 4 visit? And no guest visit allowed?

Basically its crap card for 10k yearly fee.

Any alternative card to replace magnus?

 

[Vasuki]

Sorry I was not following for sometime. for lounge access related Q.

domestic :
If I have spent 50k in March then April, May , June I can use domestic lounge.
July not possible to access.

International only total 4 visit? And no guest visit allowed?

Basically its crap card for 10k yearly fee.

Any alternative card to replace magnus?

For lounge?
Axis atlas has no spend thing

Kotak zen ,white for International lounge (ltf)

 

[basant]

Can we use atlas card directly on international lounges or only thru dreamfolk

For lounge?
Axis atlas has no spend thing

Kotak zen ,white for International lounge (ltf)

 

[Vasuki]

Can we use atlas card directly on international lounges or only thru dreamfolk

Priority pass is issued

 

[Vasuki]

Can we use atlas card directly on international lounges or only thru dreamfolk

Mind you
Look at miles transfer restrictions

+ It's a decent card for travel if u spend 4-5 Max not more .

 

[basant]

Priority pass is issued

I didnt got priority pass

 

[Vasuki]

I didnt got priority pass

Sorry via dreamfolks only

I got si and Atlas at same time forgot pp came with si not atlas .

 

[manish16]

Having Airtel, SI and IOCL LTF. Have some electronic purchases in line with SI. But, wished to have Privilege card for 2X redemption. In dilemma now, to close SI or IOCL, already got 30K ER points but as per recent devaluation in base cards, anticipates further devaluation in Privilege or SI in near future, before my planned redemption of ER points.

 

[Vasuki]

Having Airtel, SI and IOCL LTF. Have some electronic purchases in line with SI. But, wished to have Privilege card for 2X redemption. In dilemma now, to close SI or IOCL, already got 30K ER points but as per recent devaluation in base cards, anticipates further devaluation in Privilege or SI in near future, before my planned redemption of ER points.

Bro get previlge today by closing iocl .

Redeem & get back iocl .
Or Neo rupay ltf .

If u gonna wait for tomorrow one less day for 20 april

 

[manish16]

Will they provide IOCL again and that too LTF? So, at the end, one should have both SI and Privilege card for best redemption value? Pl help in deciding to close between Airtel or IOCL LTF.

 

[Vasuki]

Will they provide IOCL again and that too LTF? So, at the end, one should have both SI and Privilege card for best redemption value? Pl help in deciding to close between Airtel or IOCL LTF.

Bro can't say about iocl Ltf ..
Don't close Airtel that's for sure

U got 30k edge reward welcome benefit now u can discard unless u want to shop on Samsung.com for less than ,50k product

 

[manish16]

Again, will closing SI, will forfeit 30K ER points also? Given the condition that I will still have my IOCL active which is also a reward based card. Axis Bank customer care representative are giving conflicting response to the same query. Somebody said it will expire, someone else said, they don't.

 

[ketz1981]

Lately, I just transfer Magnus ER points upon reaching 20k to Club ITC as Axis cannot be trusted.

 

[ketz1981]

Lately, I just transfer Magnus ER points upon reaching 20k to Club ITC as they cannot be trusted.

My Magnus is free till Jan next year. Still think 2.4% reward rate to convert to Club ITC Green Points is good till 1.5 lakhs and anything beyond is a bonus. If I have to pay annual fees next year, I'll just downgrade. I don't need it for lounge access as I have DCB.

 

[bigbyte]

Again, will closing SI, will forfeit 30K ER points also? Given the condition that I will still have my IOCL active which is also a reward based card. Axis Bank customer care representative are giving conflicting response to the same query. Somebody said it will expire, someone else said, they don't.

Don't talk too much with customer care unless you want to waste your time.
People here are more knowledgeable.

And unless you want to risk multibrand vouchers worth 6250 ( corresponding to your 30k ER) get Privilege card asap and encash your ER.

After 20th, Multibrand vouchers and double rate encashment for Privilege, most probably, won't be available

 

[Vasuki]

Again, will closing SI, will forfeit 30K ER points also? Given the condition that I will still have my IOCL active which is also a reward based card. Axis Bank customer care representative are giving conflicting response to the same query. Somebody said it will expire, someone else said, they don't.

Ask about si ? What's conflicting

 

[Vasuki]

Lately, I just transfer Magnus ER points upon reaching 20k to Club ITC as Axis cannot be trusted.

True

Trust is the main issue

 

[Vasuki]

Don't talk too much with customer care unless you want to waste your time.
People here are more knowledgeable.

And unless you want to risk multibrand vouchers worth 6250 ( corresponding to your 30k ER) get Privilege card asap and encash your ER.

After 20th, Multibrand vouchers and double rate encashment for Privilege, most probably, won't be available

Good information
Commander

 

[prateekm03]

I upgraded my FK to SI recently (To be delivered tomorrow), does anyone have any trick to get my ER for SI before 20 (I also hold privilege and ace, will close privilege after 20).

 

[bigbyte]

Good information
Commander

Kaahe ka commander . I am just a new recruit .
Sab aap logon se hee seekha hai. Tera tujhko arpan kya laage mera.