Axis Bank Brutal Devaluation of Atlas/Reserve/M4B/Vistara/Samsung/Flipkart/Ace/Airtel/Myzone/IOCL & Other Credit Cards

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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]

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

Why do you think so ?
I have been a long time Axis bank customer and have been using ace for the past 2 years. Never involved into any of those tricks, still I am affected.

Axis, during its 1st devaluation of magnus must have understood the abuse patterns and should have taken necessary actions. Simple checks like, marking users who is maxing out rewards and verifying them would have stopped this.

 

[moneydeep]

Last 3 months 50,000 min spends is needed also to use priority pass card in lounge ( the one we get with magnus) ?
Or only for using magnus card in lounge.

 

[RTR01]

Is atlas still 1:2 for Miles transfer?

 

[Gaara]

Sharma gaaru manadari karma kaalindi ee axis astralaa tho.

Yesterday doc asked me to create these, And the expressions followed the devaluation.
Doc: "I want pickachu holding magnus m4b . With pure heart break & anger on his face with devil smile 😺"

 

[HumorSimpson]

View attachment 46759View attachment 46761View attachment 46762


Yesterday doc asked me to create these, And the expressions followed the devaluation.
Doc: "I want pickachu holding magnus m4b . With pure heart break & anger on his face with devil smile 😺"

which site ?

 

[Gaara]

Why do you think so ?
I have been a long time Axis bank customer and have been using ace for the past 2 years. Never involved into any of those tricks, still I am affected.

Axis, during its 1st devaluation of magnus must have understood the abuse patterns and should have taken necessary actions. Simple checks like, marking users who is maxing out rewards and verifying them would have stopped this.

Yes, in this world full of Rewards and Airmiles. Ace was the lone wolf giving direct CB ah devaluation Walla we the most effected people. (Arjun reddy dialogue feel 😂 )

which site ?

Bing Copilot

 

[BhaiyaJi]

Is there any LTF AXIS Rupay Card ?

 

[Gaara]

Is there any LTF AXIS Rupay Card ?

Axis KIWI credit card.

 

[BhaiyaJi]

Axis KIWI credit card.

There aren;t onboarding new customers afaik 😢

 

[Gaara]

There aren;t onboarding new customers afaik 😢

I wasn't aware of that. But I guess it's the only LTF Rupay card.

 

[RTR01]

Anyone who took magnus a month before Aug devaluation did they provide any compensation after complaining about it?

 

[Akash0043]

Now axis should reduce fees of magnus to 500+GST like myzone
I will apply instantly

 

[newinnov]

Yesterday, my myzone was approved! Felt like it can not be degraded as it's already degraded. 🙄

 

[Gaara]

Yesterday, my myzone was approved! Felt like it can not be degraded as it's already degraded. 🙄

Yo, Myzone is safe. no devaluations 🤔

 

[Akash0043]

Yesterday, my myzone was approved! Felt like it can not be degraded as it's already degraded. 🙄

Take 1 axis LTF for 10% offer 🤣
Paytm BOGO is still there in myzone that’s a relief 🥂🥂

 

[Akash0043]

How can i get magnus for 500+GST
I Should convince axis over call for magnus for 591
590+rupaya from my side 🤣🤣🤣

 

[RTR01]

I will "upgrade" my magnus to neo.

 

[Akash0043]

I will "upgrade" my magnus to neo.

That’s downgrade 🤣🤣

 

[RTR01]

That’s downgrade 🤣🤣

No its a upgrade after yesterday

 

[cardy]

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

Usko to axis sabr se devalue karega