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.

 

[Tensor]

Axis ace hume chodd ke chale gaye aur aaj hi ke din mein TF ace ho gaya.
Bah kya scene hai.

Ace Reincarnated 🤣

 

[BhaiyaJi]

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

Capping is pretty low right? AFAIK

 

[Zacobite]

Kya Flipkart ka cashback 1.5 se 1% ho gaya?

yes sir... ho gaya

 

[Dexter]

Magnus PDF: https://www.axisbank.com/docs/defau...onditions-for-magnus-burgundy-credit-card.pdf

 

[Bohra]

Airtel a x i s

It's also devalued

 

[BhaiyaJi]

Next expected devaluation from Axis
No rewards on LTF cards 🤣 🤣 🙈👿

 

[Rishi Mittal]

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

 

[BhaiyaJi]

It's also devalued

Reward rate reduce hua?

 

[Zacobite]

It's also devalued

SELECT, ACE ATLAS , SAMSUNG, FK, VISTARA, IOCL, RESERVE, MAGNUS, Burgundy AND AIRTEL.. ALL DEVALUED TODAY..Year End Bonanza by Axis Productions..

 

[Das.N]

It's also devalued

Airtel axis ko kya hua?

 

[Vasuki]

IOCL

Isse kyu toda 💀

 

[shubhank008]

LMAO ATLAS changes, excluding all the other devaluations done, 30k EM transfer cap PER YEAR for most of the airlines ?
Get lost, will cancel it as well. Better start building business with HDFC (no better, but not this kind of bullcrap)

 

[Bohra]

Reward rate reduce hua?

Cap reduced from 300 to 250 for airtel bills and bill payments

 

[Zacobite]

Your Axis Bank Vistara Infinite Card XXxx has been cancelled as per your request. For queries, call 18004190064 - Axis Bank

No tension now!!

And i got the devaluation. message after closing card 1 week ago...and a message saying 1 paise balance on cc needs to be transferred and i shd call. customer service

 

[ccdc]

someone pls create a thread of all axis devaluations done this month

 

[Gaara]

IOCL

What they did to IOCL I was considering it @DocFixIt

 

[RajS]

Axis Flipkart Devaluation. Offline spends

While you continue to make the most of your FLIPKART AXIS BANK Credit Card, we would like to update you regarding a few changes to the features on your Credit Card:

Effective 20th April 2024, unlimited cashback on all eligible spends other than transactions on Flipkart or preferred partners will be revised from 1.5% to 1%.

Effective 1st May 2024, access to domestic airport lounges will be based on a minimum eligible spend of Rs. 50,000 in the previous 3 calendar months. In the case of a newly issued card, the minimum spend criteria is waived for the month of card issuance as well as for the following 3 calendar months. For more details, please click here.
For more details on your

 

[BhaiyaJi]

Axis is basically saying to low or mid level spends - LTF cards lelo aur bass bank discount enjoy karo

 

[snike1792]

So Axis Flipkart and Axis Airtel got devalued. Need to think now whether these cards are any useful. Airtel still feels useful but there's gonna be a mass cancellation for Flipkart card

 

[RajS]

Now Axis Flipkart as well