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.

 

[HumorSimpson]

RIP to all Axis cards & prayers for those who recently moved to burgundy.

Burgundy logon ko
Na dawa lage
Na Dua lage

 

[Gaara]

RIP to all Axis cards & prayers for those who recently moved to burgundy.

Bro whats up with IndusInd?
Did your friend whose application is struck did he get the new card approved?

 

[BhaiyaJi]

Nope, they even increased annual fee wave off criteria for IOCL from 50k to Stright up 3.5 lacs

Given the rewards structure of IOCL card, minimum 35L spends should be there for 500 rupees fee waiver.

 

[Gaara]

Given the rewards structure of IOCL card, minimum 35L spends should be there for 500 rupees fee waiver.

Bro, Put that dot between 3 and 5.
if axis people see your comment soon IOCL people will get mails of 35 lac fee waverer condition 😂

 

[Enthusiast]

Nope, they even increased annual fee wave off criteria for IOCL from 50k to Stright up 3.5 lacs

What the f*** 😲

 

[deep@vie]

Bro whats up with IndusInd?
Did your friend whose application is struck did he get the new card approved?

Brother don't expect Indusind to hurry things,it's one of the worst.

 

[nirmalya]

I've received a message for Axis Flipkart credit card that I've to spend minimum 50,000 rupees for louge access. Does Axis MyZone credit card have minimum spend limit for airport lounge access?View attachment 46671

Yes bro, free lounge access is gone for all cards except for Burgundy Private, Atlas and Reserve cards.

 

[helloworld]

my assumption:

Those who applying 'myzone' and 'neo' under current LTF program, do note that

- their time yet to come.

Because of on going LTF, they may halt the PDFs of these cards for now (obviously, if they do any changes now, no one will apply them or think twice).

3K Fee Select card doesn't have BoGo or required min. 1000 for Swiggy offer (20%). They're not that generous to keep myzone 120 on 500 (24%) and due to pytm restructure may cut the costs with movie too, because now both need money to develop further.

So, think for a moment and do not go in a hurry.

 

[Gaara]

Brother don't expect Indusind to hurry things,it's one of the worst.

Yes, from 8 months have been seeing it 😂
Instead of relations with the IndusInd bank, my relation is growing with the bank employee who is checking my card status.

 

[deep@vie]

my assumption:

Those who applying 'myzone' and 'neo' under current LTF program, do note that

- their time yet to come.

Because of on going LTF, they may halt the PDFs of these cards for now (obviously, if they do any changes now, no one will apply them or think twice).

3K Fee Select card doesn't have BoGo or required min. 1000 for Swiggy offer (20%). They're not that generous to keep myzone 120 on 500 (24%) and due to pytm restructure may cut the costs with movie too, because now both need money to develop further.

So, think for a moment and do not go in a hurry.

Yes,Axis will kill all the cards now. One should keep one LTF in order to fetch any good card launched in future.

 

[Nishan11]

I am glad I didn't opted for burgundy & decided to wait for a bit.

Will only keep their credit cards ( Atlas & Privilege) till renewal, then I will close them. Will continue with airtel card.

But no other banking relation with Axis ever.

 

[deep@vie]

Yes, from 8 months have been seeing it 😂
Instead of relations with the IndusInd bank, my relation is growing with the bank employee who is checking my card status.

Keep making relations🤣👍

 

[BVCBVC is verified member.]

my assumption:

Those who applying 'myzone' and 'neo' under current LTF program, do note that

- their time yet to come.

Because of on going LTF, they may halt the PDFs of these cards for now (obviously, if they do any changes now, no one will apply them or think twice).

3K Fee Select card doesn't have BoGo or required min. 1000 for Swiggy offer (20%). They're not that generous to keep myzone 120 on 500 (24%) and due to pytm restructure may cut the costs with movie too, because now both need money to develop further.

So, think for a moment and do not go in a hurry.

True, atleast an LTF card will be useful for some Axis merchant offers. Rather than paying 12500 for Premium cards and getting nothing moving on from now.

Yes your point is valid on swiggy and paytm, but anyways Axis gives us 1 month time so that users can enjoy 2-3 months of benefits on LTF cards too.

 

[HumorSimpson]

Yes, from 8 months have been seeing it 😂
Instead of relations with the IndusInd bank, my relation is growing with the bank employee who is checking my card status.

Now don't tell me in a month you are getting promoted in life.

 

[Vishals_Ind!]

this reward structure now don't justify annual fee of Reserve and Burgundy at all. I'm expecting a massive closure across board. Perhaps that would make Axis rethink.

 

[aashish2137]

As a M4B customer, what does Axis expect me to spend 1.5 lakh+ every month on to get accelerated benefits, which I eventually cannot transfer to its partners? Does Axis only want the tiniest minority of customers who spend on travel and hotels every month on their personal credit cards? Give then 2-4% MDR and in exchange, they give an accelerated reward rate only if the spends cross 1.5lakh? I mean they are open to making whatever policies they want but the current credit card market is not aligned with that..

 

[Gaara]

Now don't tell me in a month you are getting promoted in life.

No chance bro they in Mysuru and me in Vizag 😂

 

[deep@vie]

this reward structure now don't justify annual fee of Reserve and Burgundy at all. I'm expecting a massive closure across board. Perhaps that would make Axis rethink.

Yes,flood of cancellations will be there at the time of renewal.

 

[deep@vie]

As a M4B customer, what does Axis expect me to spend 1.5 lakh+ every month on to get accelerated benefits, which I eventually cannot transfer to its partners? Does Axis only want the tiniest minority of customers who spend on travel and hotels every month on their personal credit cards? Give then 2-4% MDR and in exchange, they give an accelerated reward rate only if the spends cross 1.5lakh? I mean they are open to making whatever policies they want but the current credit card market is not aligned with that..

It's portfolio is dead now.

 

[Akash Topder]

Man 🤦 Ace have been massacred!
1.5% means it now share the CB Percentage as Neu Infinity which a lot of people got LTF. Glad I didn't take Ace.