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]

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

they have heights FD interest rates

 

[Trust Me]

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

~6% interest in Axis SB account ?!!!
.

 

[techt]

~6% interest in Axis SB account ?!!!
.

LoL sorry , I mistook for FD, SB hardly gives 3% ... with tax it could be ~2%.

 

[Vishalagg5]

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

Please elaborate, what is the devaluation in edge reward points for the debit card?
It would be great if you could share pdf link for the new T&Cs.

 

[Rishabh]

Please elaborate, what is the devaluation in edge reward points for the debit card?
It would be great if you could share pdf link for the new T&Cs.

Some categories are added under Exclusion for rewards, refer below:

https://campaign.axisbank.com/generic/burgundy-updates-tnc.pdf

 

[Vishalagg5]

Some categories are added under Exclusion for rewards, refer below:

https://campaign.axisbank.com/generic/burgundy-updates-tnc.pdf

This link is for burgundy debit card. Are the exclusions same as for burgundy private debit card?

 

[shashankrt]

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

Well... either they convert to some other form of Burgundy (salary or investments) else actually pay axis 30K for M4B. Reason is even after paying 30K they will lose less money compared to current interest rate loss.
Currently most are in wait and watch mode and I am evaluating moving to Indus Pioneer.

 

[Rishabh]

This link is for burgundy debit card. Are the exclusions same as for burgundy private debit card?

Oh yes I shared the wrong one since I have both normal Burgundy debit & Private debit card. For Private debit card, no such exclusions mentioned in the email except introduction of DCC charge & Saving account rewards update.

So BookmyShow & Reward points criteria not changed for Burgundy Private Debit card.

 

[Abhishek012]

Mobikwik -

Add money upto 199999 per day for free.

Transfer back to bank for free using Pocket UPI or wallet to bank transfer. Mcc is wallet,

Best use case is Axis Burgundy Debit card - 1% edge points (2K daily) for free, which can be converted to Airmiles at 5:4, if you have Magnus Burgundy. Only till 30th April, as devaluation is from 1st May.

2L transaction per day for 18 days though may get your account blocked 😂, so do at your own risk.

 

[BMR]

Dear Friends,

I just opened my Burgundy salary account this week. I have to make a payment of 640000 for my magnus card.

How should I pay the credit card bill using my burgundy debit card so as to get the maximum edge reward points?

I also have HDFC platinum card and will pay 75k using that hdfc card, but need some more suggestions to get some points for rest of the payment.

Thanks for any suggestions in advance.