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.

 

[dan873]

They should atleast rethink of annual fee waiver after these devaluations.

They won't

If this was some other bank good spenders might have got LFT retention offers

Well this psycho bank would close the card without hesitation

 

[BhaiyaJi]

Now we all can just relax and stopping worrying about AXIS cards.

 

[falcon007]

Any other card which gives 1.5% CB?

Doesn't make any sense keeping this card to pay Rs. 590

Even if we get 1% from TataNeu, we need to spend Rs. 1,18,000 from Axis Ace, to break even.

 

[bing1309]

New devaluation kicked in for reserve, now it's definitely devalued. Its striped out its status completely. you don't have to renew the card almost all features are killed.

1. Capping on edge transfer normal usage partner devalued more than minimum.
2. Annual renewal of card edge points 50k removed
3. airport transfer removed (such a shame)

 

[RTR01]

Can someone pleased tell me how to redeem atlas miles to cash(credit to account).

 

[basant]

There would be spend based lounge access.
Only Atlas , BP, and Reserve would get unconditional lounge access.
Magnus would need 50k spend in last 3 months to access lounges

Did u got mail?

 

[Gaara]

They should atleast rethink of annual fee waiver after these devaluations.

Yes, we should start a twitter campaign 🤔

 

[falcon007]

Now we all can just relax and stopping worrying about AXIS cards.

I was worried having low limit.

Now I can simply close the card and live worry free.

Thanks Axis

 

[rogerthat]

So it was true afterall 🙁 I used Magnus as default card for four months and then it got devalued to nothing. Then used Atlas as default card for the next six months and now this one got devalued to nothing.

Axis is such an amazing bank that the more loyal you are to them the more they screw you. #%&$#^

 

[jade]

Time to invest more in axis bank stocks. Finally they are doing proper cost cutting and moving in the right direction.

As much as we think that our individual worries about credit card devaluation will harm the business of axis, the reality is that it was a loss making proposition for them to give unsustainable reward to capture the market share in the credit card industry.

Jefferies already recommends Axis stock for 2024, stating that it has an upside potential of 2.7 times. Axis stock can be good buy

 

[Deleted member 13981]

Customers to Axis today 🤣🤣

 

[BhaiyaJi]

I was worried having low limit.

Now I can simply close the card and live worry free.

Thanks Axis

Yes bro, apna kaam banta m** ch*** Axis

 

[iROS]

Source? What about M4B?

 

[Das.N]

Axis ace hume chodd ke chale gaye aur aaj hi ke din mein TF ace ho gaya.
Bah kya scene hai.

 

[Bohra]

Airtel axis ki bhi laga di

 

[Gaara]

Axis ace hume chodd ke chale gaye aur aaj hi ke din mein TF ace ho gaya.
Bah kya scene hai.

that was epic 😂

 

[s1t2y3a3m6]

I want to know, what's left to be devalued 🤣

Airtel a x i s

 

[Rohith-2009]

No

So, ACE is still best entry level Axis CC in terms of offline cashback.

Nope, Bob Snapdeal will give 2.5% cashback. I have it. I think I'll close ace

 

[BhaiyaJi]

Axis ace hume chodd ke chale gaye aur aaj hi ke din mein TF ace ho gaya.
Bah kya scene hai.

Aapka trophy points kahin devalue na ho jaye 🤣

 

[Vasuki]

my wife works in Axis, all this is BS 😀

B S -

New devaluation kicked in for reserve, now it's definitely you don't have to renew the card almost all features are killed.

Capping on edge transfer
renewal of edge points 50k removed
airport transfer removed (such a shame)
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Should not have merged this with atlas/ normal line for Axis cc devaluation