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.

 

[sourpai]

This guy miles mogul is raking in way too many ER points. Please check his previous tweets. Business transaction usage ka doubt will be there

 

[SSV]

This guy miles mogul is raking in way too many ER points. Please check his previous tweets. Business transaction usage ka doubt will be there

I wonder why this kind of stuff is happening with only 🪓 cards ( ie people abusing their cards and the bank is giving it back to customers ) , why not with other banks cards?

 

[sourpai]

I wonder why this kind of stuff is happening with only 🪓 cards ( ie people abusing their cards and the bank is giving it back to customers ) , why not with other banks cards?

Because Axis cards are lucrative. Especially M4B returns are way too good beyond 1.5L. No other bank gives such returns

 

[helloworld]

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

🙂 for some reason, I want same that @drsel getting from axis (feeling, treatment, justification etc.) but its always another route for me and paths never crossing..

 

[SSV]

Because Axis cards are lucrative. Especially M4B returns are way too good beyond 1.5L. No other bank gives such returns

So they are lucrative only after spends cross beyond 1.5L per month right?

Then why can’t they design a system where they only target people who spend beyond 1.5L spends pm and there are numerous examples of people who were targeted unnecessarily who spend well below 1.5L pm.


And also are M4B customers only getting targeted?
If M4B is only giving them headaches then they have to somehow limit the damage and contain it rather than spreading the whole negative thing across the portfolio..

 

[SSV]

🙂 for some reason, I want same that @drsel getting from axis (feeling, treatment, justification etc.) but its always another route for me and paths never crossing..

There is nothing wrong with you.
They are sh*t in nature and people take it and adjust themsleves and to their sh*t and feel nothing happened and everything is okay for the obvious reasons…
And for those who can’t take their sh*t will stay away from them …
Because of sheer volume of customer base in this country, banks like this can survive

 

[sourpai]

So they are lucrative only after spends cross beyond 1.5L per month right?

Then why can’t they design a system where they only rarget people who spend beyond 1.5L spends pm and there are numerous examples of people who were targeted unnecessarily who spend well below 1.5L pm.


And also are M4B customers only getting targeted?
If M4B is only giving them headaches then they have to somehow limit the damage and contain it rather than spreading the whole negative thing across the portfolio..

I think M4B and Atlas customer are usually targeted. Atlas primarily so because it gives very good returns on direct airline / hotel spends. So may be for Atlas, they are targeting people who are doing more than 5-6 transactions per month on these categories, doubting them as travel agents

M4B also I guess they target repeated very high spend customers.. I have personally gone beyond 1.5L per month 3-4 times this year, no issues as such. But if someone is doing 10-15L worth of transaction per month for like 7-8 months in a row, then it will come on any bank's radar doubting it as business transaction. Even Amex has done FR reviews for very high spenders on Gold charge / MRCC users

 

[jeevanreddy58]

I think M4B and Atlas customer are usually targeted. Atlas primarily so because it gives very good returns on direct airline / hotel spends. So may be for Atlas, they are targeting people who are doing more than 5-6 transactions per month on these categories, doubting them as travel agents

M4B also I guess they target repeated very high spend customers.. I have personally gone beyond 1.5L per month 3-4 times this year, no issues as such. But if someone is doing 10-15L worth of transaction per month for like 7-8 months in a row, then it will come on any bank's radar doubting it as business transaction. Even Amex has done FR reviews for very high spenders on Gold charge / MRCC users

Agree. Also we should not be crossing spends more than credit limit on monthly/stmt basis