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.

 

[anirban.choudhuryanirban.choudhury is verified member.]

Devaluation mails started coming in
Started with Ace

 

[iamabhisekagar]

their application acceptance is very less and also caps are there.

Still better than ACE now

 

[RajeshV]

 

[BhaiyaJi]

Devaluation mails started coming in
Started with Ace

Other cards are also expected?

 

[MangoRush]

ATLAS also devalued. I closed it 4 days ago, still sending emails to me.

 

[Deleted member 11974]

ace,airtel,miles and more , atlas have been affected

 

[Gaara]

Same with ACE

 

[BhaiyaJi]

ATLAS also devalued. I closed it 4 days ago, still sending emails to me.

Aap unke priya grahak honge

 

[basant]

Devaluation mail for atlas also received

 

[ak93]

Dear Customer,​ ​ As part of our constant endeavor to provide you with the best Credit Card experience, we would like to remind you of the following benefits on your card:​ ​ Earn 2 EDGE Miles on every Rs. 100 spent* (1 EDGE Mile = Re. 1) and redeem it across travel and hotel partners via miles/points transfer program.​ ​ ​ ​ ​ Enjoy up to 18 complimentary domestic airport lounge access and up to 12 complimentary international airport lounge access in a year, applicable for guest visits as well*.​ ​ ​ ​ ​ Avail 1% fuel surcharge waiver on fuel transactions between Rs. 400 to Rs. 4000*.​ ​ ​ ​ ​ Enjoy 25% off up to Rs. 800 on dining, all year around, via EazyDiner*.​ ​ While you continue to make the most of your ATLAS Credit Card, we would like to update you regarding a few changes to the features on your Credit Card, effective 20th April 2024:​ ​ Spends on government services, utilities, gold/jewellery, rent, wallet, insurance and fuel will not be eligible for EDGE Miles earn, milestone achievement calculation and Tier evaluation*.​ ​ ​ Earn 5 EDGE Miles for every Rs. 100 spent on TRAVEL EDGE , airlines and hotels up to cumulative transactions of Rs. 2,00,000 per month. Earn 2 EDGE Miles per Rs. 100 spent above cumulative transactions of Rs. 2,00,000 per month*.​ ​ ​ Get up to 10,000 EDGE Miles as milestone benefit on achieving spends milestone:​ ​ ​ ​ Spends Milestone( in Rs.)​ Number of EDGE Miles​ On Rs. 3,00,000 spends​ 2,500​ On Rs. 7,50,000 spends​ Additional 2,500​ On Rs. 15,00,000 spends​ Additional 5,000​ ​ ​ Get up to 5000 EDGE Miles as annual Benefit basis tiers:​ ​ ​ ​ Cardholder tier​ Number of EDGE Miles​ Silver(Base)​ Not Applicable​ Gold​ 2,500​ Platinum​ 5,000​ ​ ​ Total EDGE Miles that can be transferred to partner points in a calendar year will be capped* at 1.5 Lakh in a calendar year.​ ​ ​ All partners under Miles Transfer Program are classified into two groups (Group A & Group B). For redemption, you will be able to transfer:​ ​ ​ ​ a.​ Maximum of 30,000 EDGE Miles to partners in Group A.​ ​ ​ b.​ Maximum of 1,20,000 EDGE Miles to partners in Group B.​ ​ ​ ​ For details on Groups A & B, please click here.​ ​ ​ Airport Meet & Assist, airport transfer and 24*7 complimentary concierge services will be discontinued​

 

[CMGCMG is verified member.]

All cards including MB is capped.

Transfer caps

 

[Rags]

What about magnus and reserve?

 

[iNokia]

From chapri to moye moye, amazing thread lol

 

[abhim]

ATLAS also devalued. I closed it 4 days ago, still sending emails to me.

View attachment 46542

Absolutely crushed all benefits. Especially with the 1.5L limit more than anything

 

[anirban.choudhuryanirban.choudhury is verified member.]

Other cards are also expected?

Atlas came up

 

[Rags]

Sad, what about M4B and reserve ?

 

[dan873]

They should have atleast reduced milestone and spend waiver

Ace has totally lost its value now no use when millennia and sbi cashback is available for utility payment

 

[JSFinance]

As we all assumed sometime back and it’s here now:

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

Atlas Platinum Tier is not worthy anymore:

Axis ATLAS	Gold Tier	Platinum Tier
Welcome Miles	5000	5000
Milestone Miles	5000	10000
Spend Miles	15000	30000
Total Miles	25000	45000
Accor Points ( Miles * 2 )	50000	90000
Accor Value ( Points*1.8 )	90000	162000
Net Value back %	12	10.8

 

[purush]

This is worst

 

[helloworld]

Update with URL or screenshot.