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.

 

[rixypanther]

They don't even credit.
Sbi bpcl is the deal.

I have that. Will have to settle for 3.25 % valueback now. Currently was earning 5.4 % valueback on fuel using AXIS IOCL. ( 20 er points per Rs 100 spent on the card , 1% cashback using axis iocl card on fueling using BHIM app and 0.4 % valueback using Indian Oil XtraRewards )

 

[Vasuki]

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

Explain in detail in dm - 10 mark question .

 

[Vasuki]

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

🤣🤣 .
I m Tamil challenged

 

[HumorSimpson]

🤣🤣 .
I m Tamil challenged

Seriously ? He is Telugu.

 

[Vasuki]

I have that. Will have to settle for 3.25 % valueback now. Currently was earning 5.4 % valueback on fuel using AXIS IOCL. ( 20 er points per Rs 100 spent on the card , 1% cashback using axis iocl card on fueling using BHIM app and 0.4 % valueback using Indian Oil XtraRewards )

I was getting 8% via previlgae card.
I have spent close to 3 lakh on the card because i used it as primary upi card 💀 .
Will push for ltf iocl

 

[SSV]

@VISHESH_BANSAL do you really understand or simply 🤣

Simply "🤣" .

View attachment 46775

Everyday @VISHESH_BANSAL Maharaj reacts to thousands of messages, he slowed down a bit lately…
So it will save sometime for him if he keeps on pressing the same button repeatedly..

Take his reaction into account and apply the meaning according to the situation, don’t go deep into the meaning of emoji.

It’s his way of acknowledging the post and sort of encouraging the poster by recognising the post…

Bhasha kadu , Bhavana mukhyam…😉

 

[plastikman]

Annual Fees for Ace charged in current billing cycle.
Thode din pehle aa jati ye news to Kam se Kam 590 rs toh bach jaate

10k spend karke within 45 days reverse karwa do. Direct statement me credit mil jayega.

 

[HumorSimpson]

Everyday @VISHESH_BANSAL Maharaj reacts to thousands of messages, he slowed down a bit lately…
So it will save sometime for him if he keeps on pressing the same button repeatedly..

Take his reaction into account and apply the meaning according to the situation, don’t go deep into the meaning of emoji.

It’s his way of acknowledging the post and sort of encouraging the poster by recognising the post…

Bhasha kadu , Bhavana mukhyam…😉

Acknowledging to agree or disagree matters and thus bhavana changes.
Bansal can't be a poster boy of Babool tooth paste.

 

[SSV]

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

Rightly said deep baba ,
Remember OCAC ( once a cheater , always a cheater)…
Axes will not shy away doing this again and again in the future…
Now it’s customer's discretion whether to maintain any serious relationship with them or not !!

 

[rixypanther]

I was getting 8% via previlgae card.
I have spent close to 3 lakh on the card because i used it as primary upi card 💀 .
Will push for ltf iocl

Axis being shameless won't convert it to LTF. what you must do now is wait and when LTF offer for IOCL comes close your paid IOCL and apply for LTF IOCL . I will close it soon as well when this LTF offer comes.

 

[Vasuki]

Axis being shameless won't convert it to LTF. what you must do now is wait and when LTF offer for IOCL comes close your paid IOCL and apply for LTF IOCL . I will close it soon as well when this LTF offer comes.

I m covered till june 2025 on iocl.

If i get better card from hdfc which i m hoping .i will forget axis

 

[SSV]

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.

This is very valid .. and I keep my LTF Myzone for any axis based offers.. if anyone expects anything more than this, they are inviting deep rooted unhappiness…

 

[the_spectator]

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.

They have taken Citibank buisness including their cc that itself gained them major customer base. But I wonder how much loss making their CC is that they have taken such drastic steps, even to the point of offending all their customers🤔
This has been an actual shitshow from Axis's side...their reputation & goodwill has been lost.

 

[SSV]

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.

A very wise man

 

[SSV]

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.

Are you serious??
Do you think they have capacity to rethink logically with some common sense???

 

[Vishals_Ind!]

Are you serious??
Do you think they have capacity to rethink logically with some common sense???

yeah, that would be too much to expect from Axis. Sigh 🙁

 

[SSV]

If it's LTF why not hold it?

LTF M4B is not LTF really,
It should have been termed as “fee waived basis TRV” , a very cunning and false way of describing the product…

Coming to your LTF point..
It’s only LTF at the cost of 10L SB balance / 30L FD ..
Now tell us , to hold or not hold sir??

 

[gvicky008]

yeah, that would be too much to expect from Axis. Sigh 🙁

they will have to rethink for sure, but it will not be a step back. they will maybe launch few premium/super premium cards for the "esteemed" customers.

 

[shashankrt]

They have taken Citibank buisness including their cc that itself gained them major customer base. But I wonder how much loss making their CC is that they have taken such drastic steps, even to the point of offending all their customers🤔
This has been an actual shitshow from Axis's side...their reputation & goodwill has been lost.

Pretty sure half of those CITI Private banking users would have moved on. Axis cannot even hold a candle to the quality of CITI (or any multinational bank) HSBC Premier would have lapped up all CITI (Axis) deserters.

 

[HumorSimpson]

Pretty sure half of those CITI Private banking users would have moved on. Axis cannot even hold a candle to the quality of CITI (or any multinational bank) HSBC Premier would have lapped up all CITI (Axis) deserters.

enlighten us a little.