Any History of a Card Being "Revalued"?

[rogerthat]

During the current Axis devaluation fiasco I read in a thread that credit cards are cyclic products and their benefits will increase and decrease. I was wondering if there is any history of a card after devaluation being "revalued", that is, the features that were removed being added on again.

I am about to cancel my Magnus card and just wanted to know if there is any chance of the card being elevated to super premium level again in the future because it might not be very easy to acquire super premium cards going forward. I have no chance of getting HDFC Infinia or even DCB, or ICICI Emeralde Metal or any such super premium card.

 

[Akashn]

AU ixigo. They added 0 forex after launch

 

[mj01]

Yes Private was recently revalued. Though not easy to get it!

 

[sxchzy]

unless banks see very negative response on a card no revaluation should be expected

 

[OverdosingOnCopium]

HSBC Premier underwent a major reevaluation

 

[techt]

Yes Private was recently revalued. Though not easy to get it!

What did they revalue ?

 

[rogerthat]

What did they revalue ?

I think that has to do with Yes refurbishing their credit card portfolio after coming back from losses. Though I expect it to go the Axis way.

 

[phagocyte536]

They are better off launching a new one rather than making a dead card better

 

[Zacobite]

During the current Axis devaluation fiasco I read in a thread that credit cards are cyclic products and their benefits will increase and decrease. I was wondering if there is any history of a card after devaluation being "revalued", that is, the features that were removed being added on again.

I am about to cancel my Magnus card and just wanted to know if there is any chance of the card being elevated to super premium level again in the future because it might not be very easy to acquire super premium cards going forward. I have no chance of getting HDFC Infinia or even DCB, or ICICI Emeralde Metal or any such super premium card.

if all other cards are so difficult to get.. and your usage of magnus gives you enough value for the fee you pay or ltf.. keep the card.. even if this card doesn't get revalued it may help you get upgrades /c2c, credit limit increase etc.. vs resetting it to get a new card.. if it is ltf definitely kp it

 

[rogerthat]

if all other cards are so difficult to get.. and your usage of magnus gives you enough value for the fee you pay or ltf.. keep the card.. even if this card doesn't get revalued it may help you get upgrades /c2c, credit limit increase etc.. vs resetting it to get a new card.. if it is ltf definitely kp it

No it is not LTF it is paid. It still used to give good returns with BMS and Gift Edge and lounge and I was planning to renew the card by paying the fees... Now BMS and lounges are gone so the card is no longer worth it. I don't know why I don't get premium cards despite meeting most of the criteria. I even have a HDFC salary account and am ready to spend 15-20L using credit cards in a year.

Anyway I think I should better close the card now. I don't think they are going to resurrect Magnus now. God knows even Axis Bank itself doesn't look very healthy right now given then don't seem to be able to afford even Book My Show tickets.

 

[Zacobite]

No it is not LTF it is paid. It still used to give good returns with BMS and Gift Edge and lounge and I was planning to renew the card by paying the fees... Now BMS and lounges are gone so the card is no longer worth it. I don't know why I don't get premium cards despite meeting most of the criteria. I even have a HDFC salary account and am ready to spend 15-20L using credit cards in a year.

Anyway I think I should better close the card now. I don't think they are going to resurrect Magnus now. God knows even Axis Bank itself doesn't look very healthy right now given then don't seem to be able to afford even Book My Show tickets.

helps in your credit history as well.. i wd kp it and use it to maximize.. if u spend 15-20 L it will definitely return gd value and open up new alternatives.. especially if other cards are not been given.. strange.. try and find out whyy.. any old default? address? error in docs.. income.. it will be good to dig deeper

 

[mj01]

What did they revalue ?

Check this thread-

Revaluation - Yes Private Credit Card Going To Be More Lucrative From 24th December 2023

Yes Bank has finally decided to upscale their super premium credit card offering. Starting from 24th Dec 2023, all Yes Private credit card holders will earn more rewards on their spends and get more benefits out of the credit card. Here, I'm attaching an image showing the new rewards and...

www.technofino.in

 

[anonymuos]

HSBC Cashback also got revalued (some benefits reduced but some improved, overall good)

 

[iamabhisekagar]

I also believe Axis will Revalue some of their CCs....when will happen...nobody knows. I think they are just trying to find a middle ground by devaluations. Abusers will move on to some other card...and when the dust settles, revaluations will happen.

 

[OverdosingOnCopium]

I also believe Axis will Revalue some of their CCs....when will happen...nobody knows. I think they are just trying to find a middle ground by devaluations. Abusers will move on to some other card...and when the dust settles, revaluations will happen.

Hopefully you’re right.

 

[raghumahajan]

ICICI HP Coral visa credit card gives 2.5% cash back on HP petrol pump on swiping on ICICI POS machines.
Revaluation from April 5, they give cash back on any machine swiped on HP petrol pumps