It's Burgundy Debit Card devalue time

[mail_amity]

Received this exciting email from Axis bank today:
Link for the TnC: https://campaign.axisbank.com/generic/burgundy-updates-tnc.pdf

​

Dear Customer,​

​

As part of our constant endeavor to provide you with the best Debit Card experience, we would like to remind you of the following benefits* on your card:​

​

​ •​ Enjoy complimentary 4 movie tickets and 4 non-movie tickets every month via BookMyShow.​ ​ ​ •​ Get 3 complimentary domestic airport lounge visits per quarter.​ ​ ​ •​ Enjoy 25% off up to Rs. 1000 on dining, all year round, via EazyDiner.​ ​ ​ •​ Get 2 EDGE REWARD Points on every domestic spend of Rs. 200.​ ​ ​ •​ Get 6 EDGE REWARD Points on every international spend of Rs. 200.​ ​ ​ •​ Avail daily cash withdrawal limit of Rs. 3 lakh and purchase limit of Rs. 6 lakh.​

​

While you continue to make the most of your Axis Bank Burgundy Debit Card, we would like to update you regarding a few changes to the features on your Debit Card and/or Account with effect from 1st May 2024:​

​

​ •​ Access to complimentary domestic airport lounge will be based on a minimum eligible spend of Rs. 5,000 in the previous 3 calendar months. In case of a newly issued Debit Card, the minimum spend criteria is waived for the month of issuance as well as for the following 3 months.​ ​ ​ •​ A Dynamic Currency Conversion (DCC) markup fee of 1% plus GST will be applicable on international spends.​ ​ ​ •​ For BookMyShow movie and non-movie ticket offer, only one complimentary ticket can be availed per day.​ ​ ​ •​ A maximum of 2000 EDGE REWARD Points can be earned per month.​ ​ ​ •​ Debit Card transactions on select categories will not be eligible for EDGE REWARD Points.​

​

For more details, please click here.​

​

Also, the EDGE REWARD Points applicable to select offers/transactions on your Axis Bank Savings/Salary Account(s) will be revised. For more details, please click here.​

​

Always open to help you.​

 

[bhavatmaj]

Time to leave axis bank
I will move all my deposit to RBL

 

[kalyana36]

A maximum of 2000 EDGE REWARD Points can be earned per month.

Caps the rewards from CC payments to 2 lakhs maximum. Disappointed most by this one and the limit on BMS.

 

[OverdosingOnCopium]

Time to leave axis bank
I will move all my deposit to RBL

Lol why rbl? Could've choosen any other bank.

 

[Rishabh]

I think Burgundy Private Debit card is excluded from Devaluation as of today. May be tomorrow shall get the surprise devaluation gift from the bank for Private DC as well lol

 

[coolguy1]

Absolutely brutal! I think it's time to say goodbye to Axis and move on to better cards!

(Amex smiling wide in the corner)

 

[Trust Me]

Received this exciting email from Axis bank today:
Link for the TnC: https://campaign.axisbank.com/generic/burgundy-updates-tnc.pdf

​

Dear Customer,​

​

As part of our constant endeavor to provide you with the best Debit Card experience, we would like to remind you of the following benefits* on your card:​

​

​ •​ Enjoy complimentary 4 movie tickets and 4 non-movie tickets every month via BookMyShow.​ ​ ​ •​ Get 3 complimentary domestic airport lounge visits per quarter.​ ​ ​ •​ Enjoy 25% off up to Rs. 1000 on dining, all year round, via EazyDiner.​ ​ ​ •​ Get 2 EDGE REWARD Points on every domestic spend of Rs. 200.​ ​ ​ •​ Get 6 EDGE REWARD Points on every international spend of Rs. 200.​ ​ ​ •​ Avail daily cash withdrawal limit of Rs. 3 lakh and purchase limit of Rs. 6 lakh.​

​

While you continue to make the most of your Axis Bank Burgundy Debit Card, we would like to update you regarding a few changes to the features on your Debit Card and/or Account with effect from 1st May 2024:​

​

​ •​ Access to complimentary domestic airport lounge will be based on a minimum eligible spend of Rs. 5,000 in the previous 3 calendar months. In case of a newly issued Debit Card, the minimum spend criteria is waived for the month of issuance as well as for the following 3 months.​ ​ ​ •​ A Dynamic Currency Conversion (DCC) markup fee of 1% plus GST will be applicable on international spends.​ ​ ​ •​ For BookMyShow movie and non-movie ticket offer, only one complimentary ticket can be availed per day.​ ​ ​ •​ A maximum of 2000 EDGE REWARD Points can be earned per month.​ ​ ​ •​ Debit Card transactions on select categories will not be eligible for EDGE REWARD Points.​

​

For more details, please click here.​

​

​

I must be one of the rarest of outliers, because I haven't ever found any of those features even remotely enticing! So my Burgundy DC rests happily in peace in my locker from the outset!
.

 

[Vasuki]

Axis is trying to get rid of all HNI customer they gathered in last 6 months .
Viola

 

[Deleted member 27665]

Time to leave axis bank
I will move all my deposit to RBL

Next from RBL to which bank?

 

[SSV]

Axis is trying to get rid of all HNI customer they gathered in last 6 months .
Viola

Then what happens to those who got M4B LTF based on 10L sb ??

 

[Vasuki]

Then what happens to those who got M4B LTF based on 10L sb ??

More reason to move on .

 

[SSV]

More reason to move on .

But M4B is still a great card for some spenders!!! What happens to them now?

 

[Abhishek012]

EDGE REWARDS Program A. Transactions done with BURGUNDY Debit Card towards rent payment and utility services will not be eligible for EDGE REWARD points.

Category MCC Codes Insurance/FI/Foreign Currency 4829, 6012, 6050, 6051, 6211, 6300, 6381, 6399, 6531, 6532, 6533, 6534, 6535, 6611, 6760, 72726 Charities 8398 Govt. Services 8111, 9211, 9222, 9223, 9311, 9312, 9313, 9314, 9399, 9402, 9405, 9411 Jewellery 5094, 5944 Education 8211, 8220, 8241, 8244, 8249, 8299, 8493, 8494 Cash Withdrawal 6010, 6011 Fuel 5172, 5541, 5542, 5983 Transport 4111, 4119, 4121, 4131, 4214, 4789,4784 Wallet 4814, 6540 Visa 9700, 9701, 9702, 9950 Rent 6513 Utility 4814, 4816, 4899, 4900

 

[SSV]

EDGE REWARDS Program A. Transactions done with BURGUNDY Debit Card towards rent payment and utility services will not be eligible for EDGE REWARD points.

Category MCC Codes Insurance/FI/Foreign Currency 4829, 6012, 6050, 6051, 6211, 6300, 6381, 6399, 6531, 6532, 6533, 6534, 6535, 6611, 6760, 72726 Charities 8398 Govt. Services 8111, 9211, 9222, 9223, 9311, 9312, 9313, 9314, 9399, 9402, 9405, 9411 Jewellery 5094, 5944 Education 8211, 8220, 8241, 8244, 8249, 8299, 8493, 8494 Cash Withdrawal 6010, 6011 Fuel 5172, 5541, 5542, 5983 Transport 4111, 4119, 4121, 4131, 4214, 4789,4784 Wallet 4814, 6540 Visa 9700, 9701, 9702, 9950 Rent 6513 Utility 4814, 4816, 4899, 4900

Shubham ! ! What a farce !!

 

[Vasuki]

EDGE REWARDS Program A. Transactions done with BURGUNDY Debit Card towards rent payment and utility services will not be eligible for EDGE REWARD points.

Category MCC Codes Insurance/FI/Foreign Currency 4829, 6012, 6050, 6051, 6211, 6300, 6381, 6399, 6531, 6532, 6533, 6534, 6535, 6611, 6760, 72726 Charities 8398 Govt. Services 8111, 9211, 9222, 9223, 9311, 9312, 9313, 9314, 9399, 9402, 9405, 9411 Jewellery 5094, 5944 Education 8211, 8220, 8241, 8244, 8249, 8299, 8493, 8494 Cash Withdrawal 6010, 6011 Fuel 5172, 5541, 5542, 5983 Transport 4111, 4119, 4121, 4131, 4214, 4789,4784 Wallet 4814, 6540 Visa 9700, 9701, 9702, 9950 Rent 6513 Utility 4814, 4816, 4899, 4900

What about cc bill pay!
It comes under utility right

 

[Abhishek012]

What about cc bill pay!
It comes under utility right

Most websites/apps - yes.

 

[Vasuki]

Most websites/apps - yes.

Moye moyee @Baki

 

[Baki]

Moye moyee @Baki

Paytm Travel hai probably, But mera Burgundy DC master hai to Visa convert krvana pdega pehle mujhe.

1 may tk hai aur april mera bday month S ko loot lunga 10L ki payment krunga Dc se aur magnus ace band krva dunga. Fund sare hdfc mein transfer krke axis ki moye moye kr dunga.

 

[Rishabh]

I think Burgundy Private Debit card is excluded from Devaluation as of today. May be tomorrow shall get the surprise devaluation gift from the bank for Private DC as well lol

Axis didn't wait till today evening and shared the email in morning itself. Luckily not much impact to Burgundy Private debit card, only change is about introduction of DCC (Dynamic Conversion Charge) and revision of Edge Reward points for Savings Account.

So BookMyShow BOGO offer will continue as-is & no minimum spend criteria in previous quarter to avail free lounge access.

Still Axis never leaves the scope to surprise us someday with more devaluation, so should not be overjoyed

 

[techt]

Then what happens to those who got M4B LTF based on 10L sb ??

They might get ~6% interest and lose interest in continuing with them