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

[TechnoFinoTechnoFino is verified member.]

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.

 

[Vasuki]

@varun__goel_ aa jao axis ko gaaliya Dene 😂

 

[real_name_hidden]

 

[Gaara]

Airtel axis ko kya hua?

Utility CB capped at 250 from 300

 

[Bohra]

Airtel axis ko kya hua?

Reward caps reduced to 250 instead of 300

 

[anirban.choudhuryanirban.choudhury is verified member.]

Did u got mail?

Yes +3 words

 

[BhaiyaJi]

And i got the devaluation. message after closing card 1 week ago...

Axis kah raha hai priya grahak aap pareshan na ho humne card he devalue kar diya hai

 

[curios_mind_huh]

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. #%&$#^

Just let us know about your next choice of card. I'd use the answer as a precautionary measure.

 

[Das.N]

Next expected devaluation from Axis
No rewards on LTF cards 🤣 🤣 😈🙈👿

Abb to axis ke baas LTF card hi rakhna padega, ICICI ki tarah baas sale k time instant discounts lene k liye.
Rewards points/cashback to bhul hi jao
Fir Chor axis to ICICI ki tarah instant discounts bhi jyada nehi dete.

 

[CyberPsych]

This is now useless for me already had Flipkart cc which offer same cb for the purchase

Axis Flipkart and HDFC Tata neu card also give 1.5%. So Ace does not have an upper hand now. I guess 1.5 % is now the max on offline spends.

They heard it and FK axis offline spends is devalued from 1.5% to 1% 🤣

 

[Vasuki]

So Axis Flipkart and Axis Airtel got devalued. Need to think now whether these cards are any useful. Airtel still feels useful but there's gonna be a mass cancellation for Flipkart card

Bitch want 1.5 lakh in 3 month just for lounge..
@S S V 😂😂

 

[anotheruser]

Lol. That guy was called by so many names by people.

 

[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)

 

[BhaiyaJi]

@varun__goel_ aa jao axis ko gaaliya Dene 😂

Haan bhai maja aa raha hai

 

[sourpai]

So Magnus Burgundy also got devalued. 50K spend requirement for lounge access was not expected for a premium card like this !!!

 

[kshitij_0]

Abhi Atlas lene ka point hai? Apply karne wala tha 7 days baad. Aaj hi MyZone LTF close karwaya

 

[real_name_hidden]

Document attached for details

 

[varun__goel_]

@varun__goel_ aa jao axis ko gaaliya Dene 😂

Kya mtlb kal Axis ke shares ke girne vaale hai...🙂

 

[Zacobite]

SELECT, ACE ATLAS , FK, VISTARA, IOCL, RESERVE, MAGNUS AND AIRTEL.. ALL DEVALUED TODAY..

Your Axis Bank Vistara Infinite Card XXxx has been cancelled as per your request. For queries, call 18004190064 - Axis Bank

No tension now!!

And i got the devaluation. message after closing card 1 week ago...and a message saying 1 paise balance on cc needs to be transferred and i shd call. customer service

 

[SSV]

someone pls create a thread of all axis devaluations done this month

It’s better the other way. What is not devalued

 

[iROS]

Magnus PDF: https://www.axisbank.com/docs/defau...onditions-for-magnus-burgundy-credit-card.pdf

Just got the SMS from Axis Bank 🙄