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.

 

[HumorSimpson]

View attachment 46659

Ravi will not win those many seats as the number of devals done by axis today

 

[Harry1]

My take on Atlas -
On a brighter note, they forgot to exclude Education category 🤣.

And most importantly the reward rates are still same.

Capping of 30K on Group A may seem less though specially for people using it only for travel. 6L travel spends will get to threshold.

For normal spends, capping looks solid at 15L spends. So, spend on normal category and use miles on travel category.


There is vistara also in Group B, which can be useful for some people.

 

[Vasuki]

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

Didn't see him any discussion..
Neither in groups

 

[Oscar]

At the end of the fiscal year, they usually try to hit their targets by doling out freebies like candy at a carnival. But AXIS, being the rebel, has decided to switch things up. Forget the goodies! they're on a mission to slash through those cards like a ninja slicing watermelons at a fruit market

 

[SSV]

What is the devaluation on Privilege?

Here it is

https://campaign.axisbank.com/generic/axis-privilege-credit-card-terms-and-conditions.pdf

 

[Vasuki]

Ravi will not win those many seats as the number of devals done by axis today

I support Putin to do ww3 & destroy axis Bank cc sales ceo

 

[Maxlovenick]

It says For Magnus Burgundy… Any idea for Normal Magnus ???

 

[Akash0043]

Jitni shiddat se sablog axis ka discussion krre
Utna padte to UPSC nikal dete 🤣🤣

 

[Vasuki]

My take on Atlas -
On a brighter note, they forgot to exclude Education category 🤣.

And most importantly the reward rates are still same.

Capping of 30K on Group A may seem less though specially for people using it only for travel. 6L travel spends will get to threshold.

For normal spends, capping looks solid at 15L spends. So, spend on normal category and use miles on travel category.


There is vistara also in Group B, which can be useful for some people.

Point baad me decipher hoga 😁

 

[BhaiyaJi]

At the end of the fiscal year, they usually try to hit their targets by doling out freebies like candy at a carnival. But AXIS, being the rebel, has decided to switch things up. Forget the goodies! they're on a mission to slash through those cards like a ninja slicing watermelons at a fruit market

THey probably closed their targets by giving ACE card offers to all since a month. They just care about new cards issued or new customers only.

 

[A Little Extra is Good]

What about International Lounge access?
Does that remain unlimited without spend criteria?

 

[Gaara]

@DocFixIt said AU is stepsis of Axis


Age Age dekho

Vehicle finance company AU Financiers (India) Ltd in 1996 and converted to a small finance bank on 19 April 2017. ( if this considered 7 years)

AU - started in 1996 - 28 years
Axis - Started in 1993 - 31 years

 

[_amit_]

See at the positive side, there was still something left in Magnus to be devalued, which means there still is a lot left to devalue in the current ones which got affected. So we can experience this again...

 

[garvit99]

Axis Signature Vistara :

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

 

[R!ppEr]

wow, market crash wala feeling aa raha hai yahan toh! 😀

 

[Deleted member 27665]

Axis Bank 1993-2024 RIP 🥲

 

[Vasuki]

Vehicle finance company AU Financiers (India) Ltd in 1996 and converted to a small finance bank on 19 April 2017. ( if this considered 7 years)

AU - started in 1996 - 28 years
Axis - Started in 1993 - 31 years

 

[bigbyte]

Samsung Infinity card mei kya devalue hua, any pdf?

 

[Vasuki]

See at the positive side, there was still something left in Magnus to be devalued, which means there still is a lot left to devalue in the current ones which got affected. So we can experience this again...

Bs kar bhai rulayega kya

 

[iROS]

I really feel there should be an RBI norm that disallows devaluation in the first year of a sign up unless fees are refunded. In any other business you can't just take away what you took money for.

Rightly said about it.