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.

 

[Harry1]

actually this is the only card I have from axis since last year magnus closure. worried about these two benefits after seeing select card, some how didn't receive any mail about them..

Good to know you have backup now. 🙂

Reserve pdf?

Btw, are debit cards also affected? For bms, lounge and golf benefits.

 

[hrish88]

Yeah! Seems it’s gone. Was bound to happen as I recently got the card xD

lol me too got it recently

 

[SSV]

Exactly. It would have been so much better instead of going on this rampage and getting a headshot on their reputation and reliability.

this was long gone in the last year ...

There is nothing left as reliability and reputation as such now with Axis. Not sure how they are gonna handle Citi customers. I have been with Citi for the past 13 years and I'm worried now.

Inspite of this, this bloke , some senior management guy came out and proudly said we will do this kind of things regularly by thumping his chest ...

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

Axis Bank suspends reward redemptions on Atlas Credit Card for select users: Here's why - CNBC TV18

Several cardholders received emails from the private lender, urging them to furnish details of their travel transactions spanning from November 1, 2023, to February 29, 2024.

www.cnbctv18.com

 

[Chhota Bheem]

Benefits on many of these entry level cards is still decent compared to HDFC, ICICI & SBI.

 

[Buttman]

Ab ace card bandh karne ka time aa gaya.
Axis ek chor bank hai jisse customer ki khusi dekhi nehi jaati.
Aagle baar 1.5% offline cashback upto 500 rupees kar dega yeh.
Ab yeh card to Flipkart se bhi bekar ho gaya.

Bhai Flipkart pe abse 1% cb instead of 1.5%

 

[SSV]

Benefits on many of these entry level cards is still decent compared to HDFC, ICICI & SBI.

okay, wait for another round in Q4 of this year ..

 

[SSV]

Bhai Flipkart pe abse 1% cb instead of 1.5%

yes sirrr 🫡🫡

 

[gvicky008]

Hmmm, the only benefit out of this would be shorter lines in lounge...😅😅

 

[Venky]

Inspite of this, this bloke , some senior management guy came out and proudly said we will do this kind of things regularly by thumping his chest ...

View attachment 46713

Can someone help me recover my annual fees by shorting Axis Bank Ltd. or something? 🤣

 

[BVCBVC is verified member.]

So for BOGO best and accessible options are

- ICICI Emeralde/ Sapphiro (Metal tough to get)
- Yes Marquee (Little Tough)
- SBI Elite/ Aurum ( Free Tickets)
- Visa Infinite Cards (Limited Quota)
- IndusInd premium Cards (Qty Depends on card)
- Some RBL cards.

Any idea on cards offering Meet and Greet now??

 

[SSV]

Can someone help me recover my annual fees by shorting Axis Bank Ltd. or something? 🤣

No its actually the other way... Its a good move from Investors' perspective ..

 

[Harry1]

So for BOGO best and accessible options are

- ICICI Emeralde/ Sapphiro (Metal tough to get)
- Yes Marquee (Little Tough)
- SBI Elite/ Aurum ( Free Tickets)
- Visa Infinite Cards (Limited Quota)
- IndusInd premium Cards (Qty Depends on card)
- Some RBL cards.

Any idea on cards offering Meet and Greet now??

Magnus burgundy still offers 4. Maybe reserve too. Yet to see reserv pdf.

 

[Learner]

I was blackmailing HDFC to move my account to Axis for better card if they can't upgrade theirs.

But no more from tomorrow as they may themselves drop me to Axis branch 😭

 

[drk]

Summary in short


Atlas - Milestone, Renewal, Miles Redemption, MCC change, M&G and Car removed


Airtel - Cashback Reduced , Spend Based Lounge


Ace - 1.5% instead of 2%, Spend Based Lounge


Vistara - MCC Change, Spend Based Lounge


BP One - MCC Exclusion, Cap on Insurance, Cap on Redemption, No Welcome Benefit


Select - Swiggy, BB min order value change, BMS removed


Magnus - BMS removed, M&G removed, Spend Based Lounge, Guest Lounge reduced , MCC Exclusion


Magnus Burgundy - BMS removed, M&G reduced, Spend Based Lounge, Guest Lounge Reduced, MCC Exclusion


Reserve - Airport Transfer Removed, MCC Exclusion, Annual Benefit Removed


Flipkart - Non Preferred Merchant is 1%, spend based lounge


Samsung - Spend Based Lounge


IOCL - Reward Capping, Spend based fee waiver increased

 

[MusicalMind]

Even if that was the case, a sensible bank would put controls in place to curb the abusers not carpet bomb the whole creditcard population.. people who genuinely use the card are now screwed just because the bank doesn't care for anyone.. not even the guys whole deposited 10laks or 30 laks trv... Everyone is royally screwed now

now axis bank use the deposited money to sell more credit cards and loans

 

[Harry1]

I was blackmailing HDFC to move my account to Axis for better card if they can't upgrade theirs.

But no more from tomorrow as they may themselves drop me to Axis branch 😭

Haha, today only I transferred some funds from hdfc to Axis🤣.

 

[Venky]

Any idea on cards offering Meet and Greet now??

Zenith+ but just 1 per quarter

 

[iamabhisekagar]

Axis customers be like: Are you comedy me😂 Flipkart CC was solely for 5% discount (which now SBI cashback has on every online transaction even Flipkart) 1.5 % is reduced to 1% which even debit cards give...some even pay higher. An already meagre list of domestic lounge is further restricted by 50k spends in last 3 months...what a joke that some debits cards are beating credit cards at their own game now. Mera journey shuru to hone se pehle hi khatam ho gaya👉👈 Socha tha Magnus lunga, maje karunga! Mere eligible hone tak bank hi na band ho jaye😭

Grabdeals se transaction kro to 5+5 = 10% mil jaata h Flipkart pe anytime ...above that grabdeals pe bonus offers bhi aate h kabhi kabhi. It still has a lot of value left IMO but yeah 350000 for fee waiver is not justified. Instead they should limit the cashback amount in a statement cycle like Millennia

 

[Vaastav]

Even if that was the case, a sensible bank would put controls in place to curb the abusers not carpet bomb the whole creditcard population.. people who genuinely use the card are now screwed just because the bank doesn't care for anyone.. not even the guys whole deposited 10laks or 30 laks trv... Everyone is royally screwed now

Lol, Even Burgundy Private 5cr TRV isn't spared

 

[helloworld]

Reserve pdf?

Btw, are debit cards also affected? For bms, lounge and golf benefits.

tried some combinations didn't worked. based on available information

Airport Transfer and Annual Benefit Removed. Usual MCC exclusion like M4B.