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.

 

[Rohith-2009]

Mine is ltf

Mine is LTF so don't wanna lose it

 

[helloworld]

Mine is LTF so don't wanna lose it

one suggestion, now a days cards not even surviving 1 year to loose all benefits. If you want to spend on that bank but not with multiple cards, go for upgrade or switch when existing LTF not useful anymore. If you want to spend only 10%, recollect when do you use that bank offers in last 2 years and take your decision of keeping that card. If you dont want to spend on that bank but want to keep because its LTF, close it. Benefit for CIBIL and peace of mind.

 

[Rohith-2009]

one suggestion, now a days cards not even surviving 1 year to loose all benefits. If you want to spend on that bank but not with multiple cards, go for upgrade or switch when existing LTF not useful anymore. If you want to spend only 10%, recollect when do you use that bank offers in last 2 years and take your decision of keeping that card. If you dont want to spend on that bank but want to keep because its LTF, close it. Benefit for CIBIL and peace of mind.

It's LTF and Rupay card. It's be useful in future too. Who knows the future. So, no harm in keeping it. Now icici is offering discount on Flipkart for Rupay credit cards only.

 

[helloworld]

It's LTF and Rupay card. It's be useful in future too. Who knows the future. So, no harm in keeping it. Now icici is offering discount on Flipkart for Rupay credit cards only.

If you found it useful.. keep it.

 

[ketz1981]

Someone should kindly start a new thread with the earning potential of Axis CCs post devaluation.

 

[Rohith-2009]

Someone should kindly start a new thread with the earning potential of Axis CCs post devaluation.

And Axis will devalue them again

 

[PaneerButterMasala]

Anyone got Magnus retention offer this week?

 

[Deleted member 11974]

nope
+
+
+

 

[drsel]

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
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.

Thanks for the useful info.
I guess there is no change/devaluation in
1. Miles and More Select (Lufthansa) cc
2. Rewards cc
3. Samsung Infinite cc
@TechnoFino @anirban.choudhury

 

[drsel]

SELECT, ACE ATLAS , SAMSUNG, FK, VISTARA, IOCL, RESERVE, MAGNUS, Burgundy AND AIRTEL.. ALL DEVALUED TODAY..Year End Bonanza by Axis Productions..

Not Samsung Infinite.

 

[drsel]

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
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.

Magnus Burgundy unlimited international lounge access for primary and add on card does not have spend requirement?
Only domestic lounge access needs 50000 spends in the previous three months?
@TechnoFino @anirban.choudhury

 

[bigbyte]

Not Samsung Infinite.

SI also hit by 50k /quarter spend based criteria for lounge access.

 

[sousnake]

Thanks for the useful info.
I guess there is no change/devaluation in
1. Miles and More Select cc
2. Rewards cc
3. Samsung Infinite cc
@TechnoFino @anirban.choudhury

Sir select credit card is destroyed, even as ltf it doesn't make sense.

 

[rogerthat]

Sir select credit card is destroyed, even as ltf it doesn't make sense.

It does, it is the only credit card with a picture of a clock on it.

 

[drsel]

SI also hit by 50k /quarter spend based criteria for lounge access.

That is for all axis cards but only for domestic lounge access.
No spend requirement for 6 free international lounge access for Samsung infinite

 

[drsel]

Sir select credit card is destroyed, even as ltf it doesn't make sense.

Not Select card but Miles and more Select card of Lufthansa

 

[Zacobite]

Not Samsung Infinite.

50k for lounge.. pls chk

 

[drsel]

And Axis will devalue them again

It's not as bad as you think, even after the 20 April devaluation
So many Axis cards are still better than the competition, despite this devaluation.
eg. Axis Airtel, etc

 

[Rohith-2009]

It's not as bad as you think, even after the 20 April devaluation
So many Axis cards are still better than the competition, despite this devaluation.
eg. Axis Airtel, etc

I agree but they reduced the cashback and Telecom prices will go up after election.

 

[archit120]

Does anyone have a plan for convincing axis to redeem march accelerated points under old limits?