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.

 

[Harry1]

Anyone knows what do they mean by 4 guest accesses on domestic lounge access for Magnus?

Priority pass was removed already in September devaluation for domestic lounges except for the select 10 airports. So, priority pass can't be used.

And in normal card, u don't have any free guest access as of now according to webaccess dreamfolks site.

So, are they changing it from 8 international lounges currently via priority pass to 4 via card on domestic lounge and 4 via priority pass on international lounge? So, Total remains same 8?

Also, they say domestic lounges limit is per calander year and international lounge limit is per card anniversary year.

Just checked webaccess dreamfolks site. They have indeed added 4 guest accesses for Magnus Burgundy for domestic lounges.

So, I guess total guest visit is still 8 - 4 domestic using card per calander year and 4 international using pp per card anniversary year.

 

[Riva]

Just checked webaccess dreamfolks site. They have indeed added 4 guest accesses for Magnus Burgundy for domestic lounges.

So, I guess total guest visit is still 8 - 4 domestic using card per calander year and 4 international using pp per card anniversary year.

So for the 4 domestic guest access, can we just swipe the M4B card 4 times at the lounge or we need to register and go via dreamfolks portal?

 

[Harry1]

So for the 4 domestic guest access, can we just swipe the M4B card 4 times at the lounge or we need to register and go via dreamfolks portal?

Lol they mostly won't allow swiping same card 4 times. If they do, it won't count as guest visit, but instead regular visit, which is unlimited. This is not a new feature.

The guest visit is when u ask them to add guest in single swipe. And u can do that either way - online or offline.

 

[Riva]

Lol they mostly won't allow swiping same card 4 times. If they do, it won't count as guest visit, but instead regular visit, which is unlimited. This is not a new feature.

The guest visit is when u ask them to add guest in single swipe. And u can do that either way - online or offline.

And by offline, you mean by dreamfolks website?

Also if it's by the dreamfolks website, is the card holder required to be present?

 

[bing1309]

And by offline, you mean by dreamfolks website?

Also if it's by the dreamfolks website, is the card holder required to be present?

If guest can be allowed it will give option in there pos machine for such when you swipe the card. If no option you can't add guest. (Keep in mind guest complementary vist number you have to keep in mind, if pos machine allows means it's not free (after the complementary guest vist is closed you will be charged hence)

 

[Harry1]

And by offline, you mean by dreamfolks website?

Also if it's by the dreamfolks website, is the card holder required to be present?

How is offline dreamfolks website 🤦‍♂️. Offline is using usual swipe in POS machine. Just ask them to add guest beforehand.

I use dreamfolks website only for tracking purpose. It tells the latest info on which lounges accept which cards and how many visits are remaining including any spend requirements based eligibility.

If u generate QR code from dreamfolks site, then ideally physical card is not needed. But here some people have reported that lounge person is not aware of the QR code system or ask for physical card. So, it is not reliable. I have never tried this option.

 

[Riva]

How is offline dreamfolks website 🤦‍♂️. Offline is using usual swipe in POS machine. Just ask them to add guest beforehand.

I use dreamfolks website only for tracking purpose. It tells the latest info on which lounges accept which cards and how many visits are remaining including any spend requirements based eligibility.

If u generate QR code from dreamfolks site, then ideally physical card is not needed. But here some people have reported that lounge person is not aware of the QR code system or ask for physical card. So, it is not reliable. I have never tried this option.

Thanks, iv never used dreamfolks so I don't know how it works.

 

[Prav]

Can anyone tell , if the 50k threshold for lounge only for domestic lounge, or it applies for priority pass also (magnus card)

 

[sahilgulati5]

Can anyone tell , if the 50k threshold for lounge only for domestic lounge, or it applies for priority pass also (magnus card)

Only for domestic

 

[Infamous]

I was recently offered an upgrade to Privilege or Select from my ACE card. I'm thinking to go ahead with Privilege, use it for one year and cancel if I don't meet the waiver (Rent, Fuel, Utilities, Wallet spends don't count towards the milsetone or the waiver sadly). I might keep this if I get a limit increase offer midway but don't really see the benefit other than that. What are your thoughts?

 

[jonamdhar]

Has anyone received the Accelerated rewards for the month of March?

 

[sahilgulati5]

Has anyone received the Accelerated rewards for the month of March?

nope not yet!!

 

[Infamous]

I was recently offered an upgrade to Privilege or Select from my ACE card. I'm thinking to go ahead with Privilege, use it for one year and cancel if I don't meet the waiver (Rent, Fuel, Utilities, Wallet spends don't count towards the milsetone or the waiver sadly). I might keep this if I get a limit increase offer midway but don't really see the benefit other than that. What are your thoughts?

any suggestions/views on this?

 

[Rags]

Has anyone received the Accelerated rewards for the month of March?

Just recieved AEP

 

[insight]

I was wondering given all the changes/ devals..

What are the current numbers & mathematics on M4B vs SBI CB?

Examples from an older reference table: https://www.technofino.in/best-credit-cards-for-international-spends-in-india/

Credit Card	Annual Fees	Annual Fees Waiver	Reward Rate on International Spends	Forex Markup Rate	Net Reward Rate
Axis Burgundy One	₹50,000+GST (NIL for Burgundy account holders)	NA	1.5% (on GV) & Minimum of 6% (Transfer Partners)	0%	1.5% (on GV) & Minimum of 6% (Transfer Partners)
Axis Reserve	₹50,000+GST	₹35 L	3% (on GV) & Minimum of 6% (Transfer Partners).	1.5% + GST	1.23% (on GV) & Minimum 4.23% (Transfer Partners)

BOB Eterna	₹2,999+GST	₹5L	3.75%	2% + GST	1.4% (Cashback)
SBI Cashback	₹999+GST	₹2L	5%	3.5% + GST	0.87% (Cashback)

I was wondering given all the changes/ devals..

What are the current numbers & mathematics on M4B vs SBI CB?

 

[technoboy99]

I don’t mind the Axis Ace’s devaluation because I got it FYF(with 0 joining fee) and also got a 500 Rs cashback by applying from Google Pay. I will cancel it before the end of 12 months.

 

[Buttman]

View attachment 46933

Would never have used guest access if there was no devaluation. Used to use family's individual cards for lounge access before.

Also i wanted to ask that do you need to stand in the queue for access or is there some provision where you can directly scan and enter?

 

[skvignesh]

i am having axis myzone ltf , will they convert to airtel axis via call?

 

[Rohith-2009]

i am having axis myzone ltf , will they convert to airtel axis via call?

do you have pre-approved offers in your axis mobile app

 

[skvignesh]

do you have pre-approved offers in your axis mobile app

No it takes me to apply now for new one.. already have 3 (fk , neo ,myzone)