Devaluation Axis ACE Credit Card Huge Devaluation Alert

[BVCBVC is verified member.]

Axis Ace was launched in Oct 2020.
It has completed 2.5 years without any devaluation and has given people the complete opportunity to juice out this card.
Whereas, Axis introduced 25k bonus for Magnus in Feb 2022, which means only 1 year is completed.
Still we can see Axis is continuously adding new transfer partners.
As per the previous logic, we can assume it continue Magnus without devaluation till June 2024 at minimum.
Magnus is a a card that Axis has specifically designed to rank themselves higher in Average spend per user when the report gets published every year.
Party is going on this year, Cheers 😉

Hope so. They might not devalue it completely.

1. Might Cap the limit of ER's per month (or)
2. Might Cap some percentage while redemption like HDFC DCB, Infinia (or)
3. Might reduce the milestone benefit ER's (or)
4. Might reduce the redemption 5:4 (or) something on these lines.

Axis has increased many people average spending per card on Axis cards and diverted many transactions from other banks as they offered lucrative 25000 ER's as an milestone benefit.

 

[shubhamosy]

.

 

[shubhamosy]

Maximum Rs. 500 (on transactions made on

SICK 🤣

 

[WandereR]

Don't give ideas. 🤫

500 and 300 caps monthly are quite restrictive already. Hope they don't kill this

 

[anil1750]

axis ace devalued by limiting cashback to Rs 500 for 5% and 4% merchants spend w e f 15 June 2023

 

[kohlionly]

DM you.

Me too can't read

 

[Patil007]

I think they finally decided to restrict cashback to single household bill payments only.

For those people not having other cards for Swiggy and Zomato, it's a drawback now.

I just calculated my spends on this card and looks like it hardly affects someone like me who only pays my own bills and doesn't use it for anything else.

I have not yet started utilities bill payment 🤣🤣 use pehle hi devalue ho gaya

 

[agarwalanimesh05]

DM you.

I also can't access the thread can you DM me too

 

[kochiro]

 

[rocky15]

@TechnoFino could someone confirm if the limits are applicable on each add on card or on main card, asking since it's not clarified and got seperate email for all addons

 

[Banking101]

Khatam tata good bye gaya

 

[WhoU]

@TechnoFino could someone confirm if the limits are applicable on each add on card or on main card, asking since it's not clarified and got seperate email for all addons

Cashbacks and reward points limit are usually on card account level. So it’s not separate for add on.

 

[H4CK_H0PP3R]

Only problem is overall spend to waive off annual fees which i will not able to make. Even if i tell parents they prefer cash for offline spends. I got this card just 15 days before. Now crying in corner.

 

[Avid_snake]

Anyone who has got this card as LTF?

 

[Rohith_Kumar_Sp]

It's been 2 days and I still haven't received any devaluation email. How are yall getting this email.

 

[Ankur dhanda]

Anyone who has got this card as LTF?

I don’t think it’s offered as LTF to anyone

 

[H4CK_H0PP3R]

It's been 2 days and I still haven't received any devaluation email. How are yall getting this email.

Same doubt, even i have not received any email & sms. So are we safe?

 

[Rohith_Kumar_Sp]

Same doubt, even i have not received any email & sms. So are we safe?

even on Axis's own page they still have an unlimited 5%, now where can i find the devaluation information

 

[akshayhs]

It's been 2 days and I still haven't received any devaluation email. How are yall getting this email.

You will get SMS. I also did not receive any email. The SMS contains the link which people are attaching as PDFs

 

[Chaitanya-a]

Same doubt, even i have not received any email & sms. So are we safe?

No one is safe. Card is devalued for everyone. Banks treat everyone same in terms of rewards program.