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.

 

[dungeonMaster]

How did you get fee waiver on Magnus?

One time renewal fees waiver on 12L spends

 

[dan873]

Axis after giving free swiggy one vouchers
"We have a bigger 'giveaway' for customers in store"

 

[Deleted member 27665]

Axis credit card customers feeling now...

 

[ccdc]

Social media nhi bhai ye kuch cartoon log h jo jyada hi harm pohcha rhe h🤣

jo bhi hai inka reach itna badh gaya hai due to social media

 

[dungeonMaster]

Atleast education is not excluded 😂

 

[Rajat94]

Inhone Normal magnus ki kaise nahi li iss bar? Msg toh sirf atlas ka aaya hai.

Uska to antim sanskar kar diya. Ab kuch nhi bacha usmei.

https://www.axisbank.com/docs/default-source/default-document-library/credit-cards/terms-and-conditions-for-magnus-credit-card.pdf

 

[asahi]

I think buying citi cards business with overvaluation made a huge dent in axis’s purse. So via this brutal cuts, i think they’re aiming for cost cuttings

 

[Harry1]

Milestone and renewal benifit devalued.

Missed that part. Yeah, right.

But still better than every other cards like Infinia, Reserve, Magnus, SC Ultimate (maybe even SBI Cashback and BOB Eterna, if I include current Milestone benefits) except Magnus Burgundy for Normal category spends.

So, some people will still find it useful.

 

[OverdosingOnCopium]

Here it is

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

Eh that’s not too bad. It’s still very worth it for me due to the 0.4 value.

 

[tushu5121]

jo bhi hai inka reach itna badh gaya hai due to social media

Haa kuch to bill gates tk pohch gye..
Ar log idhar IIT ke baad 10saal ka exp hoke bhi taras jate h😂

 

[Dr. Drake]

with magnus first year they were badly exploited & devaluation was bound to happen but this is insane. The caps on miles transfer in group A itself is a bummer for travel card (Atlas)

For select lifestyle 3k card, literally nothing is left except golf that too conditional

 

[MangoRush]

Ye lo 🤣 🤣

I activated this shit 2 days back. WTF.

 

[Indian]

Axis just keeps falling to new depths

After Sep 23 devaluation, i thought magnus had become a stable product with decent benefits

But now ,it just became absolutely useless

Would pay 10k+gst or worst 12.5k+gst for this rubbishy

No good reason to keep the card , Removed Book my show offer shame on AXIS, , even kotak cards and fintech cards are providing attractive movie offers.

 

[saikat86]

Let's close Axis card together 😄

 

[chandra.prakash]

I am going to close Flipkart now.

 

[Pavan]

No one is posting on select did select survived

 

[SSV]

No one is posting on select did select survived

BIG NO.. It also got 🪓

 

[OverdosingOnCopium]

BIG NO.. It also got 🪓

Please post a link for that too. I might have to cancel mine tomorrow then.

 

[AlphaCAT]

If I complete my spend milestone of 15L on Atlas before 20th April then I should receive 10000 EM as milestone benefit.

Can anyone confirm?

Yes , you will . Just confirmed via Chat from CC . I am doing the same for Gold Tier . Currently have 3.8L spends in 1st month , will complete rest 3.7L before in 2nd month !

 

[Pavan]

BIG NO.. It also got 🪓

Where no pdf yet asking for friend he got paid select two days before