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]

So what will be the alternative now?

 

[Sharjeelshaikh]

Wah maja aa gaya

 

[navam]

Toh did I read it right? atlas mein ab after spending 2 lk u can earn 2 miles per 100 spend? Yeh toh magnus se aagey nikal gaye..

 

[Abhishek012]

Now which card for offline spends? >.>

5% SBI cashback credit card is best.

First buy Pineperks RuPay gift card from Amazon and now use for offline spend.

 

[Sharjeelshaikh]

Maje karlo yaro

 

[panu24]

Sad ACE got devalued. Looks like Axis really want their CC business to go down. Of-course Ace is still better cashback card from Axis.

 

[abhim]

All cards including MB is capped.

Transfer caps
View attachment 46545
View attachment 46546

Wow gone the HDFC route to cut off star alliance redemptions.

 

[basant]

Means atlas has no renewal benefit for silver tier

 

[Hisoka]

Update with URL or screenshot.

Here you go

 

[qf037x42v]

Still better than ACE now

SC smart gives only 1% for offline payments no?

 

[CMGCMG is verified member.]

Magnus Burgundy can send only 1.6L to accor per year and 40k per year for normal magnus.

 

[Deleted member 13981]

Just received the email. They didn't even spare the annual benefit on Silver tier. I can now finally move on from Axis shitshow.

 

[lijov]

Updated MITC for ATLAS

 

[Gaara]

With 2% CB it felt like worthy for annual fee, but for 1.5% CB
I want it to be LTF.

 

[Pravas]

Time to invest more in axis bank stocks. Finally they are doing proper cost cutting and moving in the right direction.

As much as we think that our individual worries about credit card devaluation will harm the business of axis, the reality is that it was a loss making proposition for them to give unsustainable reward to capture the market share in the credit card industry.

 

[sourpai]

What is the verdict on Atlas reward rates? Is it still 4% and 10%?

 

[dan873]

With 2% CB it felt like worthy for annual fee, but for 1.5% CB
I want it to be LTF.

Or atleast bring the spend waiver down

 

[Namans]

I was hoping it would last a few more months until I got to Platinum, it sucks

 

[abhim]

Sad, what about M4B and reserve ?

I saw deadly transfer caps but nothing about point devaluations.

 

[ak93]

Here you go

Can you add this in the first post? Made it a wiki thread.