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.

 

[Dr. Drake]

Cards to be closed before renewal -
Atlas, Select, Fk

Cards will keep for axis offer (LTF) - only for axis offers
Ace & Myzone

Axis pretty much messed up, unless large chunk of guys close there cards other banks will follow & it won't be pretty sight

 

[RTR01]

My last redemption of magnus is myntra multi brand vochure. Will not trust axis again.

 

[Vasuki]

This much you haven't given as alimony.

Finally u r here

 

[SSV]

Hope @Harry1 bhai is still feeling the same... 😉

Taking a Stand Against The Axis Bank Credit Card Circus

Hello TFCians, As you are already aware, Axis Bank has issued notices to many Atlas credit card holders, requesting invoices for their spending on travel categories over the last few months. Axis Bank has suspended affected customers' Edge Reward accounts and asked them to submit these invoices...

www.technofino.in

 

[BhaiyaJi]

Bkl kuch samaj ni aa raha

Kaha padu

Kaha likhu

Itne thread khule hai

mai toh sant baithunga bas

Axis ka bhi yehi haal to abuses ko figure out karte time

 

[HumorSimpson]

what is there in Magnus to devalue..

It's time they change name to minimus

 

[Akash0043]

Cards to be closed before renewal -
Atlas, Select, Fk

Cards will keep for axis offer (LTF) - only for axis offers
Ace & Myzone

Axis pretty much messed up, unless large chunk of guys close there cards other banks will follow & it won't be pretty sight

How you got ace LTF🥹

 

[FinITech]

Yes, just now got the mail. The only good in Axis Ace is 2% offline spends. Now I will close it and use Flipkart card instead. It will give 1.5% anyway and we can spend more to get the annual fee waiver!

Now Flipkart card will give only 1% cashback for offline spends..

 

[Dr. Drake]

so they didn't like 6 foot under , they wanted it to be 12 foot under .. to make sure it can not resurrect itself .. 😉

Who was that guy who was spamming to get magnus Burgundy in every other post. Should get his opinion here 😛

 

[Vasuki]

Bkl kuch samaj ni aa raha

Kaha padu

Kaha likhu

Itne thread khule hai

mai toh sant baithunga bas

Usse kuch nhi hoga

Holi hai 😄
Aur axis ne keechad kr diya

 

[telescope]

ACE ATLAS , FK, VISTARA, IOCL, RESERVE, MAGNUS AND AIRTEL.. ALL DEVALUED TODAY.. Major exodus of CC expected.. lounge crowds will reduce.. Infinia and other premium cards will become the most wanted.. ENCALM lounge will record lower profits 🙂

No fear, until scapia is here.

 

[HumorSimpson]

Finally u r here

Antim sanskar mein Shamil hona hamara sanskar Hai.

 

[Akash0043]

It's time they change name to minimus

Ab to lgta jab tak apne aukat hogi magnus like
Magnus my zone na bnn jaye 🤣🤣🤣

 

[garvit99]

Axis Vistara Signature Credit Card has been devalued again:

Free lounge access removed.

https://www.axisbank.com/docs/default-source/default-document-library/credit-cards/terms-and-conditions-for-vistara-signature-credit-card.pdf

 

[Riya Sharma]

What is the devaluation on Privilege?

 

[SSV]

Who was that guy who was spamming to get magnus Burgundy in every other post. Should get his opinion here 😛

It is none other than my best mate @drsel , an AXES gem...
@DocFixIt mate, where is our mate ?? did you see him lately....?

 

[iROS]

Not even a single category they excluded from devaluation!!

 

[fageriaji]

I just received sms for updated T&C.
It's a huge devaluation of Airtel Axis Bank Card.
Axis bank is doing devaluation in every credit card.
Maximum cashback capped 250/- from 300/-
And Lounge benefit only if you spend 50k in last 3 months

Here are T&C.

 

[Shroud]

Who was that guy who was spamming to get magnus Burgundy in every other post. Should get his opinion here 😛

It was @drsel
Most probably he is crying in a corner...... Let's not disturb him😝

 

[its_karan]

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

@DocFixIt said AU is stepsis of Axis