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.

 

[anonymuos]

🪓 really did wonderful things in 2023-24:

- Provided unbeatable rewards.
- Excellent transfer options.
- First bank educated users to explore loop holes (which they never used in other places they work or utilize)
- First bank removed all benefits at once.
- Acquired major bank.
- First bank developed same features multiple cards with only minor changes.
- First bank changed annual fee criteria without providing any benefits.
- First bank asked invoices for credit card transactions.
- First bank asked invoices to credit cashback.
- First credit bank people looted heavily with loop holes (atleast with publicity).
- First bank asked users to pay mandatory sms charges.
- First bank reversed transactions done in past 2 years (atleast as message).
- First bank educated users with complex maths algorithms to calculate reward points.
- First bank where people post as monthly salary credit.
- First bank where people hate past 12 months, month after month (or alteast in headline someway).
- First bank that made users to open high end program to get same credit that they offered like peanuts yet still trying to profit from it.
- And have both best cashback and transfer partners credit cards.
- A bank that dropped devaluation notices 4 times in a year (imagine person paid for whole year). //YES, also competing.

Wow didn't realize they did so much 💩!

First bank to charge for changing network of credit card or give one LTF e.g. RuPay but keep other paid e.g. Visa. Completely violating RBI rules "guideliness"

 

[Harry1]

🪓 really did wonderful things in 2023-24:

- Provided unbeatable rewards.
- Excellent transfer options.
- First bank educated users to explore loop holes (which they never used in other places they work or utilize)
- First bank removed all benefits at once.
- Acquired major bank.
- First bank developed same features multiple cards with only minor changes.
- First bank changed annual fee criteria without providing any benefits.
- First bank asked invoices for credit card transactions.
- First bank asked invoices to credit cashback.
- First credit bank people looted heavily with loop holes (atleast with publicity).
- First bank asked users to pay mandatory sms charges.
- First bank reversed transactions done in past 2 years (atleast as message).
- First bank educated users with complex maths algorithms to calculate reward points.
- First bank where people post as monthly salary credit.
- First bank where people hate past 12 months, month after month (or alteast in headline someway).
- First bank that made users to open high end program to get same credit that they offered like peanuts yet still trying to profit from it.
- And have both best cashback and transfer partners credit cards.
- A bank that dropped devaluation notices 4 times in a year (imagine person paid for whole year). //YES, also competing.

First bank to follow "Any (Negative) Publicity is good publicity".

 

[BhaiyaJi]

🪓 really did wonderful things in 2023-24:

- Provided unbeatable rewards.
- Excellent transfer options.
- First bank educated users to explore loop holes (which they never used in other places they work or utilize)
- First bank removed all benefits at once.
- Acquired major bank.
- First bank developed same features multiple cards with only minor changes.
- First bank changed annual fee criteria without providing any benefits.
- First bank asked invoices for credit card transactions.
- First bank asked invoices to credit cashback.
- First credit bank people looted heavily with loop holes (atleast with publicity).
- First bank asked users to pay mandatory sms charges.
- First bank reversed transactions done in past 2 years (atleast as message).
- First bank educated users with complex maths algorithms to calculate reward points.
- First bank where people post as monthly salary credit.
- First bank where people hate past 12 months, month after month (or alteast in headline someway).
- First bank that made users to open high end program to get same credit that they offered like peanuts yet still trying to profit from it.
- And have both best cashback and transfer partners credit cards.
- A bank that dropped devaluation notices 4 times in a year (imagine person paid for whole year). //YES, also competing.

First bank which issued credit card under testing phase to its users.
First bank to block newly issued credit cards because card is being tested.
First bank to credit extra cashback which gets reversed after 2 months (असुविधा के लिए खेद है)

 

[helloworld]

First bank which issued credit card under testing phase to its users.
First bank to block newly issued credit cards because card is being tested.
First bank to credit extra cashback which gets reversed after 2 months (असुविधा के लिए खेद है)

like the first one (Experimental access / beta access) 😀

and its true for YES Marquee too.

 

[imdjay]

🪓 really did wonderful things in 2023-24:

- Provided unbeatable rewards.
- Excellent transfer options.
- First bank educated users to explore loop holes (which they never used in other places they work or utilize)
- First bank removed all benefits at once.
- Acquired major bank.
- First bank developed same features multiple cards with only minor changes.
- First bank changed annual fee criteria without providing any benefits.
- First bank asked invoices for credit card transactions.
- First bank asked invoices to credit cashback.
- First credit bank people looted heavily with loop holes (atleast with publicity).
- First bank asked users to pay mandatory sms charges.
- First bank reversed transactions done in past 2 years (atleast as message).
- First bank educated users with complex maths algorithms to calculate reward points.
- First bank where people post as monthly salary credit.
- First bank where people hate past 12 months, month after month (or alteast in headline someway).
- First bank that made users to open high end program to get same credit that they offered like peanuts yet still trying to profit from it.
- And have both best cashback and transfer partners credit cards.
- A bank that dropped devaluation notices 4 times in a year (imagine person paid for whole year). //YES, also competing.

For me, It was a good year. Because of these stupidities, Axis paid me 25k compensation. 🤣

 

[helloworld]

For me, It was a good year. Because of these stupidities, Axis paid me 25k compensation. 🤣

 

[BhaiyaJi]

For me, It was a good year. Because of these stupidities, Axis paid me 25k compensation. 🤣

 

[SSV]

🪓 really did wonderful things in 2023-24:

- Provided unbeatable rewards.
- Excellent transfer options.
- First bank educated users to explore loop holes (which they never used in other places they work or utilize)
- First bank removed all benefits at once.
- Acquired major bank.
- First bank developed same features multiple cards with only minor changes.
- First bank changed annual fee criteria without providing any benefits.
- First bank asked invoices for credit card transactions.
- First bank asked invoices to credit cashback.
- First credit bank people looted heavily with loop holes (atleast with publicity).
- First bank asked users to pay mandatory sms charges.
- First bank reversed transactions done in past 2 years (atleast as message).
- First bank educated users with complex maths algorithms to calculate reward points.
- First bank where people post as monthly salary credit.
- First bank where people hate past 12 months, month after month (or alteast in headline someway).
- First bank that made users to open high end program to get same credit that they offered like peanuts yet still trying to profit from it.
- And have both best cashback and transfer partners credit cards.
- A bank that dropped devaluation notices 4 times in a year (imagine person paid for whole year). //YES, also competing.

First Bank, to be well recognized with a symbol widely popular among the majority of the userbase here in the TF forurm !!!

🪓 🪓 🪓 ..

FASAK !!!!

 

[BVCBVC is verified member.]

For me, It was a good year. Because of these stupidities, Axis paid me 25k compensation. 🤣

Lucky Bhaskar Lucky @imdjay

 

[Rohith-2009]

For me, It was a good year. Because of these stupidities, Axis paid me 25k compensation. 🤣

What complaint did you raise? On RBI ombudsman, have you filed the complaint?

 

[imdjay]

What complaint did you raise? On RBI ombudsman, have you filed the complaint?

RBI ombudsman about the wrong welcome kit doc.

 

[FinoGuy]

BOGO se BOGUS tak ka safar suffer