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Axis Bank Brutal Devaluation of Atlas/Reserve/M4B/Vistara/Samsung/Flipkart/Ace/Airtel/Myzone/IOCL & Other Credit Cards

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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.
 
Last edited by VasukiVasuki is verified member.:
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anirban.choudhury said:
Axis Atlas is still a very good card and maybe the best airmiles card out there in terms of normal spending.
Barring few MCC , atlas would still be giving 4% airmiles even with 30k EM transfer cap to group A , we can manage to get 3-4 solid international stays at Grand Mercure type properties with Accor or transfer to Aeroplan or Vistara and get return EU flights at economy class or one way Business class.
For travel spends with 5EM per 100 , my default travel card would still be Atlas, the best part is I can book directly with hotels and get those nights counted towards my elite status.

Lounge access is still intact.

Infact we can now easily diversify our spends among other cards too , instead of planning to spend 15 on Atlas , we can do 5-6 on Atlas majority travel spends , 4 on Platinum Travel and may be 2-3 lakhs on GC/MRCC or Infinia/DCB. For someone who is into travel and doesn't care much about Business class flight , he can still manage a couple of international or domestic vacations entirely funded by credit cards.
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interesting, with 15L spends in a year, 2 vacations looks solid deal. would you be kind enough to elaborate more on this. Thanks
 
helloworld said:
my assumption:

Those who applying 'myzone' and 'neo' under current LTF program, do note that

- their time yet to come.

Because of on going LTF, they may halt the PDFs of these cards for now (obviously, if they do any changes now, no one will apply them or think twice).

3K Fee Select card doesn't have BoGo or required min. 1000 for Swiggy offer (20%). They're not that generous to keep myzone 120 on 500 (24%) and due to pytm restructure may cut the costs with movie too, because now both need money to develop further.

So, think for a moment and do not go in a hurry.
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wo cards to pehle se hi mare hue h , or kitta maarenge
 
How can axis even justify 3.5 lakh fee waiver for IOCL ? In a month you can't spend more than 5K as you get only 50 Rs surcharge waiver and only 1000 er points max. Also for online spends one can spend max Rs 5000 to get 250 points and that's it you can spend more than that if you do so you won't get any ER points. For offline transactions it's 1 ER point per Rs 100 spent ( minimum transaction size to earn ER point 200 ) . Even if one spends max at fuel and online and say some offline transaction it would max come out to Rs 12000 a month. So in a year one can at max spend 144000 and that too other than feul reward rate would be very poor. Who is nuts to spend 3.5 lakhs a year for fee waiver ? Why such a heavy 🪓 on entry level credit card which doesn't have any benefits and is not subject to abuse also.
 
gvicky008 said:
interesting, with 15L spends in a year, 2 vacations looks solid deal. would you be kind enough to elaborate more on this. Thanks
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There are many permutations and combinations possible
You can get return EU via Avios from as low as a 41k miles that's 20.5 k
Again can get Paris return at 28/30k Virgin Atlantic points
South Korea can be done in the same range

Marriot and Accor hotels can be booked for as low as 7000-8000 MB points or 3000-5000 INR with Accor points.
 
techt said:
😉 Why do you think so ?
I have been a long time Axis bank customer and have been using ace for the past 2 years. Never involved into any of those tricks, still I am affected.

Axis, during its 1st devaluation of magnus must have understood the abuse patterns and should have taken necessary actions. Simple checks like, marking users who is maxing out rewards and verifying them would have stopped this.
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This is common sense, do you find this valuable thing with AXES , is question here that needs to be answered../
and we all know the answer, if someone doesn’t know , is it AXES fault?? 😉
 
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rixypanther said:
How can axis even justify 3.5 lakh fee waiver for IOCL ? In a month you can't spend more than 5K as you get only 50 Rs surcharge waiver and only 1000 er points max. Also for online spends one can spend max Rs 5000 to get 250 points and that's it you can spend more than that if you do so you won't get any ER points. For offline transactions it's 1 ER point per Rs 100 spent ( minimum transaction size to earn ER point 200 ) . Even if one spends max at fuel and online and say some offline transaction it would max come out to Rs 12000 a month. So in a year one can at max spend 144000 and that too other than feul reward rate would be very poor. Who is nuts to spend 3.5 lakhs a year for fee waiver ? Why such a heavy 🪓 on entry level credit card which doesn't have any benefits and is not subject to abuse also.
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Unless you share the card or use it for business needs and then axis swoops in and take aways all your points for non-personal use. This card has become a joke. 😀
 
rixypanther said:
How can axis even justify 3.5 lakh fee waiver for IOCL ? In a month you can't spend more than 5K as you get only 50 Rs surcharge waiver and only 1000 er points max. Also for online spends one can spend max Rs 5000 to get 250 points and that's it you can spend more than that if you do so you won't get any ER points. For offline transactions it's 1 ER point per Rs 100 spent ( minimum transaction size to earn ER point 200 ) . Even if one spends max at fuel and online and say some offline transaction it would max come out to Rs 12000 a month. So in a year one can at max spend 144000 and that too other than feul reward rate would be very poor. Who is nuts to spend 3.5 lakhs a year for fee waiver ? Why such a heavy 🪓 on entry level credit card which doesn't have any benefits and is not subject to abuse also.
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Crap card now
 
bvc19296 said:
What is Axis gonna do with their CC's portfolio now?? All major cards now got devalued and mass closure of the cards. Imagine the efforts and marketing campaigns they have spent on gaining and retaining the customers. Phase wise devaluation would have been better on many cards.
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Dont worry grand opening was done by Axis , now every bank will follow
 
Pankhuri said:
It was bound to fail. Abusers are fine with getting their cards closed, they know the risk. Those who would engage in this would be genuine users. And no genuine users want to give their bills to a fucking bank like it is their spouse or IT dept.
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Very valid point and in my previous posts regarding axes, this was my whole point…
How dare they ask for invoices for even ₹500 spent at the airports…
What a humiliation from customer perspective….
Still people liked axes as they are giving good rewards…
Now see what happened…
Warning:
This won’t be last time , this will happen again
Source: as per some senior management guy which was published in the media on the other day
 
Nishan11 said:
I am glad I didn't opted for burgundy & decided to wait for a bit.

Will only keep their credit cards ( Atlas & Privilege) till renewal, then I will close them. Will continue with airtel card.

But no other banking relation with Axis ever.
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I guess After previlgae will move to Atlas and earn edge miles ..

What can u Book for 6k edge miles - in air ticket
 
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