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.

 

[manish16]

Intend to apply for MyZone LTF in family. Pl suggest which network to take, Rupay or Visa or MasterCard?

 

[helloworld]

Intend to apply for MyZone LTF in family. Pl suggest which network to take, Rupay or Visa or MasterCard?

for this requirement, it doesn't matter. any network good.

 

[manish16]

for this requirement, it doesn't matter. any network good.

Okay...it's just for online offers from Axis during sale and for routine UPI payments

 

[helloworld]

Okay...it's just for online offers from Axis during sale and for routine UPI payments

If UPI requirement is there, not sure why other networks decision needed.? Go for obvious one. Rupay.

What exactly troubling you to make decision here? any other requirement?

 

[manish16]

If UPI requirement is there, not sure why other networks decision needed.? Go for obvious one. Rupay.

What exactly troubling you to make decision here? any other requirement?

Actually they provided MyZone on Mastercard. Should I request them over email to replace it with Rupay? Or what else can be done to get it on Rupay?

 

[helloworld]

Actually they provided MyZone on Mastercard. Should I request them over email to replace it with Rupay? Or what else can be done to get it on Rupay?

Chat or emai both works to switch to Rupay variant. Just drop a mail or message with your requirement, it will be done.

 

[manish16]

Chat or emai both works to switch to Rupay variant. Just drop a mail or message with your requirement, it will be done.

Customer care morons told me that the card will be converted to chargeable from LTF if network change is required 😑😒

 

[SSV]

Customer care morons told me that the card will be converted to chargeable from LTF if network change is required 😑😒

Ask them to trigger LTF neo Rupay SMS..if UPI is main concern for you…
More details discussed here ..

Thread 'Check if you have LTF NEO Rupay card offer with AXIS Customer Care by asking them to send Card Upgrade Consent SMS'
https://www.technofino.in/community...-them-to-send-card-upgrade-consent-sms.24708/

 

[helloworld]

Customer care morons told me that the card will be converted to chargeable from LTF if network change is required 😑😒

Some tips for you., (just incase if missed)

https://www.technofino.in/community/threads/ltf-sapphiro-emerald-credit-card.1657/post-77822

https://www.technofino.in/community...ion-news-wef-1st-april-2024.23656/post-551890

https://www.technofino.in/community/threads/sbi-simply-click.9621/post-412446

Btw, no such rule that changing network variant changes fee structure. But same not applies during upgrade, though.

 

[ShubhamJhawar]

Hi guys,
Need help from Atlas card holders. In the latest devaluation which will come to effect from 20th April, it mentions that alot of categories such as govt spends, insurance, etc will not be counted towards milestone benefits as well.

My query is - before this devaluation, only rent & fuel spends were excluded from milestone benefits.

So for someone who would have done - lets say 2 lacs spend before 20th April on insurance, govt transactions etc, will that 2 lacs be counted if 3 lacs milestone is hit post 20th April?

 

[SSV]

Hi guys,
Need help from Atlas card holders. In the latest devaluation which will come to effect from 20th April, it mentions that alot of categories such as govt spends, insurance, etc will not be counted towards milestone benefits as well.

My query is - before this devaluation, only rent & fuel spends were excluded from milestone benefits.

So for someone who would have done - lets say 2 lacs spend before 20th April on insurance, govt transactions etc, will that 2 lacs be counted if 3 lacs milestone is hit post 20th April?

Logically , YES ..It should count towards milestone..and I believe it will..

Note: I am not an Atlassian !!

 

[manish16]

Got the Privileged one! Waiting for the card to be dispatched and delivered.

Seems like they are following Technofino and will not dispatch my card till April 20th. Will not even activate it after 20th.

 

[bigbyte]

Seems like they are following Technofino and will not dispatch my card till April 20th. Will not even activate it after 20th.

Abhi bahot samay haI 20th April ko aane mei.

 

[Chiraggyl]

Is this lounge devaluation affect in myzone as well? I was keeping myzone for lounge only.. Shall I close this card? or upgrade to neo

 

[helloworld]

Is this lounge devaluation affect in myzone as well? I was keeping myzone for lounge only.. Shall I close this card? or upgrade to neo

basic cards with free lounge no longer a thing. for this purpose, you need to upgrade premium or super premium cards.

 

[telescope]

Is this lounge devaluation affect in myzone as well? I was keeping myzone for lounge only.. Shall I close this card? or upgrade to neo

Yes myzone also.

 

[bhaveshS]

Some tips for you., (just incase if missed)

https://www.technofino.in/community/threads/ltf-sapphiro-emerald-credit-card.1657/post-77822

https://www.technofino.in/community...ion-news-wef-1st-april-2024.23656/post-551890

https://www.technofino.in/community/threads/sbi-simply-click.9621/post-412446

Btw, no such rule that changing network variant changes fee structure. But same not applies during upgrade, though.

Waah motivation or thoughts esa ho wrna too naa ho

 

[bhaveshS]

Axis ace devalue k baad bhi LTF nhi de rahe boht zidi hai

 

[warden]

No
Nope, Bob Snapdeal will give 2.5% cashback. I have it. I think I'll close ace

Interesting - does it give 2.5% cashback on all online spends? Also do you know how many cards per person does BOB allow. I already have two BOB cards and willing to close them but unable to as the process is unknown

 

[James]

Interesting - does it give 2.5% cashback on all online spends? Also do you know how many cards per person does BOB allow. I already have two BOB cards and willing to close them but unable to as the process is unknown

Even for wallet load, it'll give 2.5% cashback. The limit is 33333 to receive 2.5% then 1%