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.

 

[Openmasala]

Some of the features and Terms and Conditions on your Axis Bank Credit Card no. XXABCD will be revised w.e.f. 20-04-24. For details, visit Axbk.in/X1diCXqR9ZD

 

[D₹V]

@VISHESH_BANSAL @4uziaul @jack333 @D₹V @Chaitanya-a @pprakash11

Kidhar ho idhar Party ho rahi hai 🤣🤣🎉

I'm the happiest person right now 🥰.

 

[BhaiyaJi]

MY wife have myzone LTF so noneed of it

You can take Neo LTF just for the sake of having Axis cards for online discounts

 

[supperman]

Shame for Airtel Axis. At least they didn't touch the 10% cashback for select merchants.

 

[VISHESH_BANSAL]

Mere 36 k point redeem ho jaye bs
Axis iocl bach gya
Not Major problem for me .
100-5000 se devalue hokr
400-4000 hua hai
.

IOCL ka bhi sunne m aaya hai Fee waiver 50k se
3 Lakh kar diya🤣

 

[Gaara]

Well now the new age banks - AU / IDFC etc are looking good compared to the mess called axis. Also don't assume HDFC is silent. Buggers will devalue Infinia soon.

AU / IDFC are already taking classes from Axis. If you observe IDFC new cards and AU devaluations 😂

 

[SSV]

this is another thing I said about AXES last week..
They lived upto my expectations...

HDFC offering Infinia against investment - is it worth it?

The fact is, amongst larger banks Axis's FD rates are amongst the highest! Some smaller banks do offer rates that are a bit higher. Some SFBs offer even higher rates. But fair comparisons should be apple to apple. . Buy why would I only consider large banks ?

www.technofino.in

 

[BhaiyaJi]

I'm the happiest person right now 🥰.

Did you recommend Axis all these changes?

 

[ashwinkashwink is verified member.]

I'm the happiest person right now 🥰.

Freecharge Bach gaya hai kya 😜🤣

 

[AkashS]

I've received a message for Axis Flipkart credit card that I've to spend minimum 50,000 rupees for louge access. Does Axis MyZone credit card have minimum spend limit for airport lounge access?

 

[bigbyte]

Samsung Infinite mei kya devalue hua hai other than spend based criteria for lounge access?
I got my Samsung Infinity card about 20 days back, still waiting for joining ER. My dream of encashing them at double rate after getting privilege card is crushed already. Just want to recoup the joining amount, GST part tau doobega hee.

 

[zaid_2913]

IOCL ka bhi sunne m aaya hai Fee waiver 50k se
3 Lakh kar diya🤣

3 nai bhai, pure 3.5 😄

 

[BhaiyaJi]

IOCL ka bhi sunne m aaya hai Fee waiver 50k se
3 Lakh kar diya🤣

3.5 L A K H S bro

 

[Gaara]

IOCL ka bhi sunne m aaya hai Fee waiver 50k se
3 Lakh kar diya🤣

they were supposed to write 30k they made it 300k 😵

 

[WhoU]

There's no point in keeping this card now. They should just make this card LTF for everyone else nobody will be holding this card post renewal.

 

[BhaiyaJi]

Y

Freecharge Bach gaya hai kya 😜🤣

Ye bhi devalue hua hai bro

 

[Akash0043]

Koi option h accha.. neo is good?

Myzone is better than neo 😂

 

[thanix]

So Axis has shown only trailer last year. Glad that I didn't fell for M4B or Atlas mania. Once bitten twice shy. Feel Sorry for people who took the plunge for them. Cut down your relationship with Axis and avoid them like Plague or Covid...

 

[SSV]

I'm the happiest person right now 🥰.

Hey , hey ... I am the first one..
Count me in .. before you 😉 😉

 

[aashish2137]

Goodbye Axis, friendship with HDFC reinstated!