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.

 

[BhaiyaJi]

Also , does Airtel Axis gives 10% on Tataneu payments ?

You mean BigBasket payment or utility payment on Tata neu app?

 

[Cebu]

You mean BigBasket payment or utility payment on Tata neu app?

Bigbasket on Tata Neu

 

[BhaiyaJi]

Bigbasket on Tata Neu

It should give as per the terms and conditions.

 

[Animal]

Bigbasket on Tata Neu

It gives .

 

[Dharm]

I am facing issue in claiming bogo offer on Paytm movie in this month
I was able to claim it last month easily
I have mastercard varient of this card

Error displayed is
Promo code is not applicable on this card

Is their is any other limit other than 1 ticket 1 month

I have claimed bogo with Mc Variant on 2nd nov successfully

 

[panchabhut]

Also , does Airtel Axis gives 10% on Tataneu payments ?

If you are asking for Bigbasket via TN, then its hit & miss. Sometimes 10%, sometimes 1%

 

[helloworld]

Latest changes for all axis cards:

Summary:

Effective 20th Dec, 2024:

• Cumulative spends exceeding INR 10,000 on wallet loads, INR 50,000 on fuel, INR 25,000 on utilities, and INR 10,000 on online skill-based gaming platforms within a statement period will attract a 1% transaction fee.
• DCC markup will be revised to 1.5%.
• The current late payment fee structure continues to apply. An additional INR 100 charge will be levied if the 'Minimum Amount Due (MAD)' is not paid for two consecutive cycles and will apply until the MAD is cleared.

Key Takeaways:

- Dont spend more than 10k on wallet loads (not sure why you're doing on Axis cards, try to stop it).
- Try to pay in original currency rather converting that currency.
- DO NOT EVER MISS "MAD" AT ANY COST.

 

[Harry1]

Magnus for Burgundy -
99/199 fee even here now for redemptions.

Domestic lounges list seems very small.

 

[newinnov]

Latest changes for all axis cards:

Summary:

Effective 20th Dec, 2024:

• Cumulative spends exceeding INR 10,000 on wallet loads, INR 50,000 on fuel, INR 25,000 on utilities, and INR 10,000 on online skill-based gaming platforms within a statement period will attract a 1% transaction fee.
• DCC markup will be revised to 1.5%.
• The current late payment fee structure continues to apply. An additional INR 100 charge will be levied if the 'Minimum Amount Due (MAD)' is not paid for two consecutive cycles and will apply until the MAD is cleared.

Key Takeaways:

- Dont spend more than 10k on wallet loads (not sure why you're doing on Axis cards, try to stop it).
- Try to pay in original currency rather converting that currency.
- DO NOT EVER MISS "MAD" AT ANY COST.

 

[Riva]

Got the dreaded devaluation email for Rewards and M4B. Did not even spare the high value cards from the 199 redemption fee. With all the caps, either they don't want ppl to spend or they know ppl will still continue to spend and it's an opportunity to earn extra income!!

 

[ENIAC]

Definitely an extra income for bank.

 

[sahilmittal89]

M4B and Atlas are still good rewarding cards compared to competition. Let's see if they fix their system (exploits/abuse) or impact everyone with further program wide devaluation and increased fee.

Hi sir any trick to complete atlast 7.5lakh spend

I am 1 lakh short and 1 month left
Please hel dont want to waste 2500 miles this year and 2500 on renewal as they have stopped giving on silver tier in renewal

 

[RupayMan]

Year end Devaluation🤝Axis,
Best combo ever 🤣

 

[Harry1]

No devaluation announced for debit cards yet. So, if someone holds debit cards, they won't be charged redemption fees? Or else, how will they distinguish if points are being redeemed for debit card or credit card as it is same edge rewards account? Also, in case of multiple credit cards, where will the charges be posted? Do they plan to segregate all edge points as per respective card?

 

[ManojGowda]

Hi sir any trick to complete atlast 7.5lakh spend

I am 1 lakh short and 1 month left
Please hel dont want to waste 2500 miles this year and 2500 on renewal as they have stopped giving on silver tier in renewal

try buying gift cards.
of amazonpay (the best), maybe even flipkart or zomato/swiggy or bigbasket depending on your needs and future spends.

 

[Harry1]

And it starts....

 

[helloworld]

And it starts....

for redeeming early?

 

[Harry1]

for redeeming early?

No, for not closing the axis card despite so many devaluations 😜.

 

[helloworld]

No, for not closing the axis card despite so many devaluations 😜.

they completely ruining their reputation whatevr left day by day.

 

[SSV]

they completely ruining their reputation whatevr left day by day.

Are you sure, our brother @drsel might disagree with this??