Recently our very own @TechnoFino closed his relationship with Axis Bank. I'm sure a lot of us are curious about his primary card after that. What do you all think? And Dada.. Please let us know.
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Sumanta's Primary Card after Axis Closure.
- Thread starter Deleted member 13981
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I guess it as Amex trifecta
Yeah.. He closed all the cards and accounts etc.
Hmm ok. Is the information publicly available as why he did so? Lack of service? Conflicts?
Maybe.. But isn't it far less rewarding as compared to Axis? Amex needs a product lineup refresh. I really hope other players will come with better offerings for serious customers.
In India banks like SBI Card and RBL are making big money as their major profit share comes from charges and interest (late payment charges, finance charges, EMI interest and all). If they're getting money just by trapping customers in their cards, why would they be bothered to launch premium and more rewarding products.
Acceptance is less and charges for wallet load is higher when compared with visa but still with milestone benefits amex cards are surviving
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