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.

 

[HOME_CARDER]

 

[Deleted member 9785]

LMAO ATLAS changes, excluding all the other devaluations done, 30k EM transfer cap PER YEAR for most of the airlines ?
Get lost, will cancel it as well. Better start building business with HDFC (no better, but not this kind of bullcrap)

Back to Trains 🙂

 

[Deleted member 9785]

It is amusing to see people bashing axis for devaluation. Everybody has done MS and rotation and all kind of things to get lakhs of miles points in last 2 years. Its only incompetence of axis that for them it took them so much time to close off the cash burn

Everybody started flying business class
Everbody going abroad
Everybody going stay at exotic hotels

Then showing off threads on travel on social media

Now, reality has strike. Go travel with your own money and for that you need good income.

I expect after this floodgates have opened and may other banks will look at their portfolio and plug leaks

Comments welcome

 

[sharma]

Since major devaluation happened, atleast now axis should allow more cards to users. They should not restrict for three

 

[Gaara]

Since major devaluation happened, atleast now axis should allow more cards to users. They should not restrict for three

Every one talking about closing the cards and you are saying we should have more than 3 cards from axis why bro, Any specific reason 😂 ?

 

[sharma]

Every one talking about closing the cards and you are saying we should have more than 3 cards from axis why bro, Any specific reason 😂 ?

Nothing as of such, I have three cards Flipkart ltf and myzone ltf only ace is paid but since it is renewed I'll keep it till end of the year and then close it
But now if they increase the number I can have Neo ltf and iocl card ltf

 

[Gaara]

Nothing as of such, I have three cards Flipkart ltf and myzone ltf only ace is paid but since it is renewed I'll keep it till end of the year and then close it
But now if they increase the number I can have Neo ltf and iocl card ltf

I wish Axis Bank would send us all new emails stating that this was just an April Fools’ prank 😒

 

[Gaara]

Indie debit card gives more rewards than Axis ACE now 🤣

We need details in detail 😂
We are in search of ace alternative.

 

[sharma]

I wish Axis Bank would send us all new emails stating that this was just an April Fools’ prank 😒

But April is yet to come

 

[ALOAK]

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
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 will be 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.

You are right just got message at midnight regarding devaluation of axis indian oil rupay card. Time to close this card too and findout which rupay card is best without frequent changes in tnc.

 

[Gaara]

You are right just got message at midnight regarding devaluation of axis indian oil rupay card. Time to close this card too and findout which rupay card is best without frequent changes in tnc.

Wait for a while @DocFixIt says IOCL card is still worthy, He is coming up with new thread regarding its Tips and Tricks 🤓

 

[mastfun]

Here it is mate, just for you !! 😉

View attachment 46740

I am coming to your house now to get some tricks to get Infinia 😀

 

[Swastik]

It is amusing to see people bashing axis for devaluation. Everybody has done MS and rotation and all kind of things to get lakhs of miles points in last 2 years. Its only incompetence of axis that for them it took them so much time to close off the cash burn

Everybody started flying business class
Everbody going abroad
Everybody going stay at exotic hotels

Then showing off threads on travel on social media

Now, reality has strike. Go travel with your own money and for that you need good income.

I expect after this floodgates have opened and may other banks will look at their portfolio and plug leaks

Comments welcome

So cut down on rewards ,i get that ,

But why chop off non spend based benefits ,why put spend criteria on lounge for a Paid Super Premium Card(Magnus) ,take away Meet and Greet ,BMS offers

even hdfc won't stoop this low ,and they give away their Super Premium Cards(DCB & Infinia) ltf left and right to a lot of people

On the other hand ,I've never heard of anyone getting vanilla Magnus LTF ,barring any Burgundy Relationship

 

[Deleted member 9785]

So cut down on rewards ,i get that ,

But why chop off non spend based benefits ,why put spend criteria on lounge for a Paid Super Premium Card(Magnus) ,take away Meet and Greet ,BMS offers

even hdfc won't stoop this low ,and they give away their Super Premium Cards(DCB & Infinia) ltf left and right to a lot of people

On the other hand ,I've never heard of anyone getting vanilla Magnus LTF ,barring any Burgundy Relationship

1 meet greet service costs 4k. Axis was a fool giving such celebrity services to mango man

 

[Gaara]

I am coming to your house now to get some tricks to get Infinia 😀

Count me in,

 

[Swastik]

1 meet greet service costs 4k. Axis was a fool giving such celebrity services to mango man

Pranam Platinum Service at Ahmedabad Airport (i used once) costs ₹2880 ,Axis bank must be buying in bulk so would come out to be much cheaper

And then how many people were actually using it ,it's like unlimited golf on infinia ,if used it can extract a lot of value ,but not once I've heard anyone playing golf with infinia

Also ,it still doesn't explain cutting lounges when Cards like Scapia and BOB Eterna give it unlimited

 

[Harry1]

Magnus Burgundy & Reserve

No pdf for reserve?

Edit: Got it from technofino thread.

Devaluation - Axis Reserve Credit Card Brutal Devaluation Effective From 20th April 2024

Axis Band has announced devaluation of their almost all credit cards, but they just destroyed their top most flagship credit card Axis Reserve Credit Card. Here are the changes: Revision of EDGE REWARD Points, Miles transfer: In addition to the existing list of category exclusions, spends...

www.technofino.in

So, Reserve has no changes in BMS, Lounge, Golf and M&G including guest accesses.

That makes me think debit also may have skipped devaluations.

 

[Swastik]

RIP Magnus ,
we had fun while it lasted ,but all good things must come to an end i guess

You were like a dream ,too good to be true

 

[HumorSimpson]

But April is yet to come

Sharma gaaru manadari karma kaalindi ee axis astralaa tho.

 

[sousnake]

C

Check promotion section in gmail 🤣
Taste the devaluation there

Bhai select to khatam ho gya
No movie benefit.
Swiggy wala bhi bekar or diya.
Ab to rbl ikon & au zite ultra bhi better hai isse.
Time to close all cards and move back to hdfc salary account.