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.

 

[Vasuki]

A couple of domestic flights or one way flight from Mumbai to Colombo

What about Kolkata to Thailand..
Which is usually 10-14 k for round trip

 

[SSV]

They should review the fees.. the bashing is more for the way it is treating its customers and the value returned to price now.. imagine paying 30k annual fee and having a qtrly target for lounge access.. Its the product now that is a loser.. emotions will settle, damage wont... everyone who abused the system should be identified and recourse pursued... you don't throw the baby out with the bath water!!

30k + gst,
And 10L sb balance/ 30 L FD

and spend 50k in the last 3 months ( rolling 3 months, not fy quarter) to get access to crowded lounges…

Is it axes fault if someone takes M4B now??
and what should we call them who are ready to take this card ??

 

[anirban.choudhuryanirban.choudhury is verified member.]

What about Kolkata to Thailand..
Which is usually 10-14 k for round trip

That's good with revenue

 

[Vasuki]

30k + gst,
And 10L sb balance/ 30 L FD

and spend 50k in the last months to get access to crowded lounges…

Is it axes fault if someone takes M4B now??

They copy pasted 50k criteria in entry lvl card to magnus 🤣

 

[Akash Topder]

How can axis even justify 3.5 lakh fee waiver for IOCL ? In a month you can't spend more than 5K as you get only 50 Rs surcharge waiver and only 1000 er points max. Also for online spends one can spend max Rs 5000 to get 250 points and that's it you can spend more than that if you do so you won't get any ER points. For offline transactions it's 1 ER point per Rs 100 spent ( minimum transaction size to earn ER point 200 ) . Even if one spends max at fuel and online and say some offline transaction it would max come out to Rs 12000 a month. So in a year one can at max spend 144000 and that too other than feul reward rate would be very poor. Who is nuts to spend 3.5 lakhs a year for fee waiver ? Why such a heavy 🪓 on entry level credit card which doesn't have any benefits and is not subject to abuse also.

Only LTF Indian Oil makes sense now.

 

[irahul80]

A couple of domestic flights or one way flight from Mumbai to Colombo

ohh, seriously ?

 

[anirban.choudhuryanirban.choudhury is verified member.]

ATLAS, though looks worthless due to transfer of points criteria (atleast for me)

It's still a decent card for average spends especially if a substantial of those spends are in travel.
I would say still the best no nonsense airmiles card designed especially for travel

 

[Vasuki]

That's good with revenue

Will get atlas than just for joining benefits when i plan to travel 😁 instead of previlgae

 

[anirban.choudhuryanirban.choudhury is verified member.]

ohh, seriously ?

6k EM would give 12k Vistara
Normally you can get couple of domestic tickets with it
And Mumbai to Colombo needs 10k Vistara miles

 

[Vasuki]

Only LTF Indian Oil makes sense now.

I m hoping with 3 lakh spend till now they convert my iocl card to ltf 💀 at year end

 

[SSV]

Infinia can also get devalued more

Devaluation is part and parcel and CC life cycle..but not customer humiliation, untrustworthiness, shamelessness etc ….

 

[kshitij_0]

Axis isnt calling for retention anymore as i
Closed 2 flipkart and 1 iocl this week and they replied successfully canceled 🤣no calls nothing got for flipkart but the moment I said it has no benefit, he said so im proceeding with cancellation as desired used for 5 Years 🤣

Yes it got closed. Mujhe chahiye bhi nahi ab. Who will take Myzone card just because it's LTF.

 

[HumorSimpson]

I agree, that's why never got interested in buying vouchers. Things should be good in vanilla form like how SBI Cashback card keeps it 🙂

This is not ignorance but wisdom.

 

[SwipeSavvy]

Atlas and grade A transfer partners makes no sense now.

You spend 5.5L on only travel category and reach the 30k miles limit.
You spend 11.25L on only non travel category and outside of the long list of exclusions and reach the 30k miles limit.
And with additional perks for gold and platinum gone why would anyone spend more on atlas.

 

[helloworld]

Very valid point and in my previous posts regarding axes, this was my whole point…
How dare they ask for invoices for even ₹500 spent at the airports…
What a humiliation from customer perspective….
Still people liked axes as they are giving good rewards…
Now see what happened…
Warning:
This won’t be last time , this will happen again
Source: as per some senior management guy which was published in the media on the other day

 

[irahul80]

6k EM would give 12k Vistara
Normally you can get couple of domestic tickets with it
And Mumbai to Colombo needs 10k Vistara miles

Kool, Thanks for the info 🙂

 

[kowsikbabu]

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.

Scapia, but Federal Bank has ruined it's reputation. It is a no nonsense 2% flat rewards everywhere (except wallet, rent & crypto)

 

[kshitij_0]

What about Kolkata to Thailand..
Which is usually 10-14 k for round trip

But why do you want to go to Thailand from Kolkata.
Kolkata is already a Thailand of India.

 

[kshitij_0]

Devaluation is part and parcel and CC life cycle..but not customer humiliation, untrustworthiness, shamelessness etc ….

Bhai koi bank customer ki sagi nahi hoti. Sab business hai. HDFC se zyada koi humiliate nahi karta. Kuchh bhi karana ho Chennai bhejte hain seedhe. Shamelessness ki baat hi mat karo

 

[HumorSimpson]

Bhai koi band customer ki sagi nahi hoti. Sab business hai. HDFC se zyada koi humiliate nahi karta. Kuchh bhi karana ho Chennai bhejte hain seedhe. Shamelessness ki baat hi mat karo

He is Hindi challenged. Better write in English for good discussions.