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.

 

[Gaara]

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.

ACE is still better as its direct CB statement settle, Neu coins we have make purchases on TATA neu again.

 

[kowsikbabu]

I was thinking of getting an Atlas for flight bookings since DCB has very low cap. Now my LTF Yes Reserv with 5x sub(9% online, 7.5% offline) sounds way better than Atlas. Have to Push for Infinia Upgrade ASAP.
Infinia as primary & Reserv after capping seems the better option for me

 

[faaranmo]

Amex is gonna get some good business from this.

Was looking for M4B paid, now will move to Amex platinum charge card..

 

[Akash Topder]

ACE is still better as its direct CB statement settle, Neu coins we have make purchases on TATA neu again.

For the people who got Infinity LTF, I don't think people will give 590 rupees to Axis just for statement credit. On the top of that Infinity has no lounge access shenanigans for now. While you need to spend 50k in 3 calendar months for Axis.

 

[Gaara]

For the people who got Infinity LTF, I don't think people will give 590 rupees to Axis just for statement credit. On the top of that Infinity has no lounge access shenanigans for now. While you need to spend 50k in 3 calendar months for Axis.

Yeah, I totally agree with you.

 

[HumorSimpson]

For the people who got Infinity LTF, I don't think people will give 590 rupees to Axis just for statement credit. On the top of that Infinity has no lounge access shenanigans for now. While you need to spend 50k in 3 calendar months for Axis.

Which infinity are you talking about?

 

[kowsikbabu]

Which infinity are you talking about?

Tata Neu Infinity

 

[BVCBVC is verified member.]

What is Axis gonna do with their CC's portfolio now?? All major cards now got devalued and mass closure of the cards. Imagine the efforts and marketing campaigns they have spent on gaining and retaining the customers. Phase wise devaluation would have been better on many cards.

 

[msankadi]

Sad news... Waiting for new super prem card launch from some bank

I have ltf for m4b and atlas... Should I continue to hold or close them?

 

[Gaara]

Sad news... Waiting for new super prem card launch from some bank

I have ltf for m4b and atlas... Should I continue to hold or close them?

If it's LTF why not hold it?

 

[BVCBVC is verified member.]

Whoever paid the fees or holding these as LTF just wait for the renewal time for closure. Don't just close the cards at this moment. If Axis launch any premium cards in near future this relationship can help in getting that cards (Which seems bleak now). Just being hopeful.

Now Amex, HDFC and SBI cards will be flooded with requests.

 

[xross]

What is Axis gonna do with their CC's portfolio now?? All major cards now got devalued and mass closure of the cards. Imagine the efforts and marketing campaigns they have spent on gaining and retaining the customers. Phase wise devaluation would have been better on many cards.

Only people who care about credit card rewards rates and benefits may close.
A huge population uses credit cards for actual credit purposes or just for normal spending without caring about the rewards rates and card fees. A lot of people don't know that LTF card exists, they pay for credit card fees just like they pay for Debit cards.

 

[nirmalya]

What else left to devalue in it 😂

Well, they can introduce min. spend based criteria for Swiggy/Zomato/Bigbasket like min transaction of Rs. 1000/3000 to avail the offer. I think they did that for Select. Or else can reduce the cashback amount, remove some partners or remove this benefit entirely etc. so many options. The way things are going with Axis, anything is possible.

 

[Gaara]

Well, they can introduce min. spend based criteria for Swiggy/Zomato/Bigbasket like min transaction of Rs. 1000/3000 to avail the offer. I think they did that for Select. Or else can reduce the cashback amount, remove some partners or remove this benefit entirely etc. so many options. The way things are going with Axis, anything is possible.

oh yeah but for swiggy we do have other better options 🤔

 

[anirban.choudhuryanirban.choudhury is verified member.]

Axis Atlas is still a very good card and maybe the best airmiles card out there in terms of normal spending.
Barring few MCC , atlas would still be giving 4% airmiles even with 30k EM transfer cap to group A , we can manage to get 3-4 solid international stays at Grand Mercure type properties with Accor or transfer to Aeroplan or Vistara and get return EU flights at economy class or one way Business class.
For travel spends with 5EM per 100 , my default travel card would still be Atlas, the best part is I can book directly with hotels and get those nights counted towards my elite status.

Lounge access is still intact.

Infact we can now easily diversify our spends among other cards too , instead of planning to spend 15 on Atlas , we can do 5-6 on Atlas majority travel spends , 4 on Platinum Travel and may be 2-3 lakhs on GC/MRCC or Infinia/DCB. For someone who is into travel and doesn't care much about Business class flight , he can still manage a couple of international or domestic vacations entirely funded by credit cards.

 

[nirmalya]

So, is there is any better alternative for offline spending instead of Ace? I was using this card for offline spending mostly. Tata Neu Infinity gives 1.5%, but sadly rupay card still has a problem of acceptance in some POS machines.

 

[Animal]

So, is there is any better alternative for offline spending instead of Ace? I was using this card for offline spending mostly. Tata Neu Infinity gives 1.5%, but sadly rupay card still has a problem of acceptance in some POS machines.

HSBC Cashback- Unlimited 1.5%

Plus annual fee waiver at 2L
4 lounge access in an year with no minimum spending

 

[gvicky008]

Axis Atlas is still a very good card and maybe the best airmiles card out there in terms of normal spending.
Barring few MCC , atlas would still be giving 4% airmiles even with 30k EM transfer cap to group A , we can manage to get 3-4 solid international stays at Grand Mercure type properties with Accor or transfer to Aeroplan or Vistara and get return EU flights at economy class or one way Business class.
For travel spends with 5EM per 100 , my default travel card would still be Atlas, the best part is I can book directly with hotels and get those nights counted towards my elite status.

Lounge access is still intact.

Infact we can now easily diversify our spends among other cards too , instead of planning to spend 15 on Atlas , we can do 5-6 on Atlas majority travel spends , 4 on Platinum Travel and may be 2-3 lakhs on GC/MRCC or Infinia/DCB. For someone who is into travel and doesn't care much about Business class flight , he can still manage a couple of international or domestic vacations entirely funded by credit cards.

interesting, with 15L spends in a year, 2 vacations looks solid deal. would you be kind enough to elaborate more on this. Thanks

 

[BrokenBoot]

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.

wo cards to pehle se hi mare hue h , or kitta maarenge

 

[image]

Pls anyone give the pdf of Flipkart credit card devaluation list or pdf

Sure. All Axis bank credit cards' devaluation list.