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.

 

[Vasuki]

Samsung Infinity card mei kya devalue hua, any pdf?

Nothing in joining benefits which is only essential 💀

 

[Swastik]

What about International Lounge access?
Does that remain unlimited without spend criteria?

Seems like international lounge access and eazydiner discounts are only thing left to cut ,but should be soon enough

And I'm not waiting for that, I'm done with Axis

 

[iROS]

What about International Lounge access?
Does that remain unlimited without spend criteria?

They haven’t mentioned anything particularly on International Lounge Visits.

 

[luckymurari]

Samsung Infinity card mei kya devalue hua, any pdf?

No devaluation on this card. So far

 

[abhiver]

Samsung Infinite ! New lounge rules to kick in from 01 May (Labour Day / Mayday ) 😂

Ek yehi rehta tha

 

[RajeshV]

 

[shashankrt]

Here it is

https://campaign.axisbank.com/generic/axis-privilege-credit-card-terms-and-conditions.pdf

One thing which is common is removal of concierge and splitting of transfer partners.
Also not sure how capping of transfer partners works for multiple cards.

 

[elishsodhi]

Hi all,
I have got a mail from Axis for AXIS IOCL card fee reversal revised to 3.5 Lakh. Earlier it was 50K per annum.

Any suggestion for another petrol card with less fee reversal or LTF.
Also will need a Rupay card

 

[R!ppEr]

lage haath bhai log ye bhi bata do rent payment ke liye konsa card use karu ab

 

[bigbyte]

No devaluation on this card. So far

Spend based Lounge access criteria introduced.

 

[varun__goel_]

Axis Bank 1993-2024 RIP 🥲

I wouldn't be surprised if this happens FR😪

 

[Pankhuri]

Maximum cashback capped 250/- from 300/-

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

 

[rogerthat]

Can anyone tell me what good is left in Magnus now? Isn't it only a regular credit card now with nothing other than 50 days of interest free credit like ICICI Platinum or something?

 

[Saarthak Parihar]

Its 2 lakh edge point for group A and 8 lakh edge point for group B

That's for Magnus for Burgundy holders (I guess)

 

[Pavan]

@S S V @Bigde all of the sudden am feeling SC cards are best

 

[_amit_]

Bs kar bhai rulayega kya

Soch raha tha MyZone ko Rupay me convert karwa lu, ab band karne ki soch raha hu kyukii "rakhaunga to vivaad ho jaayega"

 

[dungeonMaster]

Was thinking to get airtel axis card, to optimize wifi bill but decided against it due to uncertainty with axis. Thank god didn't applied.
But had got atlas recently, thinking it's much better than my magnus, and got waiver on magnus fees this year just for bms but that's also discontinued 😭

 

[prc1990]

Cards to be closed before renewal -
Atlas, Select, Fk

Cards will keep for axis offer (LTF) - only for axis offers
Ace & Myzone

Axis pretty much messed up, unless large chunk of guys close there cards other banks will follow & it won't be pretty sight

Your ACE is LTF?

 

[dungeonMaster]

@S S V @Bigde all of the sudden am feeling SC cards are best

Which sc card are you talking about?

 

[bigbyte]

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

Basic broadband ka bill 5000 per month hai?