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

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TechnoFino

Founder
TF Family
Founder
Admin
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.
 
Last edited by a moderator:

100Rabh_negi

TF Premier
As airport lounge access has been devalued on axis cards and requires 50K spends in last quarter starting 1st may, will it be possible for someone to get Airtel axis card before that and use airport lounge access without any such restrictions?
 

SSV

TF Pioneer
Contributor
VIP Lounge
As airport lounge access has been devalued on axis cards and requires 50K spends in last quarter starting 1st may, will it be possible for someone to get Airtel axis card before that and use airport lounge access without any such restrictions?
1) General processing time to get AIrtel Axis is about 10 to 15 days.. yes .. before May1 the exisitng rules apply
2)50K spend not the last quarter, it is in the last 3 months (i.e. rolling 3 months).. that is AXES for you .. Kaching !!! ;)
 

100Rabh_negi

TF Premier
1) General processing time to get AIrtel Axis is about 10 to 15 days.. yes .. before May1 the exisitng rules apply
2)50K spend not the last quarter, it is in the last 3 months (i.e. rolling 3 months).. that is AXES for you .. Kaching !!! ;)
I was checking this t&c in the pdf shared in OP thread. Looks like newly issued card owner should be able to use lounge access till 30th June without any such restrictions. Any way to check if visit it going to be paid or complementary while swiping the card @ lounge?
 

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James

TF Ace
They're now charging the redemption fee. Why?
It's showing

Redemption Fee is Applied of ₹ 49.0+ GST will be charged to your next Credit Card/ Savings Account statement

They said changes from 19th Apr only. But why are they charging now?
 
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The first post in this thread is a WikiPost, and can be edited by anyone with the appropriate permissions.
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