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]

Now you are talking..
You need search with a massive torch light to see what is left without being AXED 🪓🪓🪓🪓🪓🪓

Massive 🔦 needs massive recharge

 

[Vasuki]

Soch raha tha MyZone ko Rupay me convert karwa lu, ab band karne ki soch raha hu kyukii "rakhaunga to vivaad ho jaayega"

Axis ki kal lunga ab 🤗

 

[navam]

Inhone Normal magnus ki kaise nahi li iss bar? Msg toh sirf atlas ka aaya hai.

 

[Vasuki]

@NShah dm 💀

 

[rogerthat]

@S S V @Bigde all of the sudden am feeling SC cards are best 🙁 😛

If only SCB had an Air Miles card!

 

[rogerthat]

Was thinking to get airtel axis card, to optimize wifi bill but decided against it due to uncertainty with axis. Thank god didn't applied.
But had got atlas recently, thinking it's much better than my magnus, and got waiver on magnus fees just for bms but that's also discontinued 😭

How did you get fee waiver on Magnus?

 

[RajeshV]

Basic broadband ka bill 5000 per month hai?

He's talking about Airtel. 999 plan is typically considered basic (which after including GST becomes ₹1178)

 

[Swastik]

Axis just keeps falling to new depths

After Sep 23 devaluation, i thought magnus had become a stable product with decent benefits

But now ,it just became absolutely useless

Would pay 10k+gst or worst 12.5k+gst for this rubbish

 

[Pankhuri]

Basic broadband ka bill 5000 per month hai?

meant airtel one. 25% would max out at 1000. Their 999 plan with gst would be around 1178.

 

[_amit_]

Axis ki kal lunga ab 🤗

Kya lega? Ab to vo RP bhi nahi denge retention ke liye. Kah denge ki band kar rahe hai, kitno se baat kare, sabko band karna hai.

From Tomorrow retention team is working 70 hours / week with Murti's grandson photo as wallpaper.

"Agle janam mujhe murti hi keejo"

 

[Harry1]

Samsung Infinity card mei kya devalue hua, any pdf?

Only lounge .

 

[falcon007]

Annual Fees for Ace charged in current billing cycle.
Thode din pehle aa jati ye news to Kam se Kam 590 rs toh bach jaate

 

[HumorSimpson]

Yeah received sms and email and on twitter someone mentioned axis will drop a domb and less than 24 hr already 20 page

But this is carpet bombing

 

[bigbyte]

He's talking about Airtel. 999 plan is typically considered basic (which after including GST becomes ₹1178)

Okay . .. ..

 

[Rajat94]

If I complete my spend milestone of 15L on Atlas before 20th April then I should receive 10000 EM as milestone benefit.

Can anyone confirm?

 

[Saipsy]

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.

Milestone and renewal benifit devalued.

 

[PavanPavan is verified member.]

Guys some please update on select

 

[Saiv]

As this is the trend, we may see further devaluations in next coming quarters. No more LTF cards, increase in basic cards fees, higher spending criteria for reversals. Higher minimum amounts for rewards earnings, reduced number of rewards per minimum amount, removing 10% off on Select merchants, increased minimum order value for instant discounts(min ₹1K value on swiggy/zomato even for myzone & neo) removing bms offers on all cards. This is just a beginning for more bloodbath

 

[real_name_hidden]

Axis card paani m gya..... Chappak

 

[abhiver]

Yeh log Fees mein Devaluation kab karenge...

Reliability khatam kar di Axis ne Credit Card par se