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.

 

[NShah]

It's axis version of MB+

I have other useful Axis Bank credit cards, I just need a LTF Axis CC 😎

 

[card-shard]

I didn’t know, do you know??
Have you posted about this fact?
Available to everyone means - including non account holders??
They do this campaign alternating between neo and myzone.. for that you need to apply and get approved…

This is a different campaign, it seems…
All account holders get approved LTF

You could hv answered all these questions yourself.
Do you know - Yes, that's why I posted
Have you posted about this fact? -> Someone else did, chk forums
including non account holders?? -> Open axis website, and check yourself.

 

[SSV]

You could hv answered all these questions yourself.
Do you know - Yes, that's why I posted
Have you posted about this fact? -> Someone else did, chk forums
including non account holders?? -> Open axis website, and check yourself.

Thanks for your detailed answers.

BTW, I hope you understood the two different campaigns that I was discussing about in my previous post??
That is the most important one rather than the above answers..

 

[Riva]

Axis has made lounge access as spend based on their premium cards and here they are giving my zone LTF to everyone, with 1 domestic lounge access per quarter.
After they have got their customer base for this card, they will either remove domestic lounge access or make it spend based.
Axis cannot be trusted anymore!

 

[telescope]

Axis has made lounge access as spend based on their premium cards and here they are giving my zone LTF to everyone, with 1 domestic lounge access per quarter.
After they have got their customer base for this card, they will either remove domestic lounge access or make it spend based.
Axis cannot be trusted anymore!

Axis already made myzone spend based. Only the first 3 months after myzone issuance will not have spends condition.

 

[Riva]

Axis already made myzone spend based. Only the first 3 months after myzone issuance will not have spends condition.

Is it?? It's not in the list or I may have missed it.

 

[_amit_]

The list has become so long there is no need to check. Just assume the worst case scenario and move on.

If you think Axis will do this devaluation, just assume its already there and you won't be wrong.

They made 30K M4B lounge access spend based and here MyZone is being discussed.

 

[telescope]

Is it?? It's not in the list or I may have missed it.

You missed it. Click on domestic lounge link and see last line of it.

Spends requirement enforced except Burgundy Private Credit Card, RESERVE Credit Card, and ATLAS

 

[Anil_Singh]

I got NEO Rupay LTF on call

Welcome to LTF Neo Rupay club. 😁😁

 

[Riva]

You missed it. Click on domestic lounge link and see last line of it.

Spends requirement enforced except Burgundy Private Credit Card, RESERVE Credit Card, and ATLAS

Right.. I did not see that last line..

 

[telescope]

Welcome to LTF Neo Rupay club. 😁😁

I asked customer care to change neo visa to rupay. Instantly declined. I asked to cancel cc, they were ready for it.

 

[RTR01]

Raised a upgrade request from myzone to Neo from chat. They sent a sms for consent. In the sms it says as lft but Customer care agent said paid. Which is correct?

 

[_amit_]

Its Axis so both are correct. Axis does charge fees for LTF as well.

Now you are (Officially) welcomed to the Axis CC Club.


Mail them with the SMS screenshot for confirmation.

 

[Anil_Singh]

I asked customer care to change neo visa to rupay. Instantly declined. I asked to cancel cc, they were ready for it.

Bad luck. Axus for a reason.

 

[Zacobite]

Its Axis so both are correct. Axis does charge fees for LTF as well.

Welcome to the Axis CC Club.


Mail them with the SMS screenshot for confirmation.

There are no free lunches with axis.. what else will axis have to do for aaalllll of us to understand.. its amazing to see the craze for axis.. after everything... good luck to all in pursuit of axis happiness.. our time has no value.. only spent in follow ups and complaints.. sad

 

[_amit_]

There are no free lunches with axis.. what else will axis have to do for aaalllll of us to understand.. its amazing to see the craze for axis.. after everything... good luck to all in pursuit of axis happiness.. our time has no value.. only spent in follow ups and complaints.. sad

There is a lot Axis can do. This is just a start.

Consolidated charges are still limited to saving accounts for now. They should come to credit card realm, charging fees if you dont use for a month, deduct points if someone buys gift vouchers at discount, -5X penalty for using travel edge...

 

[bing1309]

Something is going on with axis in lounge program. Today I swiped reserve and I was eligible for new private lounge in bangalore terminal 1 but with a discount rate of 1k. The same lounge to access cost 4 5k now coming to Arrival lounge also at t2 no charges but card is eligible. Kindly check your cc. Maybe super premium cards Something is happening let's see in long run.

 

[Trust Me]

Axis cannot be trusted anymore!

Meaning they'd been trustworthy sometime in the past?! 🙂
.

 

[MADHAN1974]

I have magnus credit card after devaluation I will cancel it before the next renewal.

 

[SSV]

Meaning they'd been trustworthy sometime in the past?! 🙂
.

I thought AXES was born with untrustworthiness till now 😉