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]

Reserve devalued
Airport transfer removed
Annual benefits of 50k ER removed only joining would get 50K

Pdf link please?

 

[helloworld]

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

None of the axis cards providing BoGo on BMS. Including M4B.

 

[BVCBVC is verified member.]

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

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

What about BOGO and M&G??

 

[Harry1]

None of the axis cards providing BoGo on BMS. Including M4B.

He asked for M&G. That's what I replied.

 

[mastfun]

What about BOGO and M&G??

None for BOGO! and M&G same as Magnus Burgundy!

 

[HumorSimpson]

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

 

[HumorSimpson]

@DocFixIt said AU is stepsis of Axis

You too devalued your name 🤔

 

[puneri.jaws]

Reserve pdf?

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

Any idea on this @TechnoFino

 

[BVCBVC is verified member.]

I have been trying increase my CL on Magnus for the past week so no use of it now. Anyways they are going to increase tomorrow which will be of no use now.

Just 17.5K limit enough to get the benefit out of Magnus now. All of a sudden Myzone card seems better now.

 

[its_karan]

You too devalued your name 🤔

Han

Moderators aaj jaage hai

Maang toh 1 mahine pehle rakh di thi

 

[BVCBVC is verified member.]

Any idea on this @TechnoFino

If there is any official PDF on Reserve he will definitely update on the original post. Just waiting for the official PDF document if there is any.

 

[irahul80]

Nothing happening atlas is safe at-last😛

chilla chilla ke bata de sabko ... jo thoda bahut bacha hai wo bhi AXIS waale loot le aake 😁

 

[BrokenBoot]

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

That's The Real Problem, it is Really a Challenge to Counter Abusers and Money Rotators In these Cases . So they goes the other and easy way out. That's Why Somewhere its the fault of Abusers too.
You See , they did try asking people proof of personal spending , but looks like failed

 

[PavanPavan is verified member.]

chilla chilla ke bata de sabko ... jo thoda bahut bacha hai wo bhi AXIS waale loot le aake 😁

Am not even getting sleep bro ..I was planing to move to axis 🙁 now even am thinking asking sorry to RM ..

 

[PavanPavan is verified member.]

That's The Real Problem, it is Really a Challenge to Counter Abusers and Money Rotators In these Cases . So they goes the other and easy way out. That's Why Somewhere its the fault of Abusers too

If am imperia atleast am getting a locker free

 

[R!ppEr]

Waiting for the dust to settle so that we can focus on an alt card now

 

[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??

For movies, few more cards.

BOB Eterna (Paytm)
AU Zenith/Zenith+ on BMS
(Some more AU cards are there in Paytm too)
IDFC Wealth/Select (Paytm)

 

[sjmajumder]

Received multiple mails from Axis on devaluation.

Lounge access devaluation - spend of 50K per quarter is it for all cards? Other banks have not done this.

 

[Predator]

That's The Real Problem, it is Really a Challenge to Counter Abusers and Money Rotators In these Cases . So they goes the other and easy way out. That's Why Somewhere its the fault of Abusers too

Bro Axis itself is an abuser.

 

[R!ppEr]

For movies, few more cards.

BOB Eterna (Paytm)
AU Zenith/Zenith+/Aurum on BMS
(Some more AU cards are there in Paytm too)
IDFC Wealth/Select (Paytm)

I feel so bad that I'll have to use Paytm going forward 🥲