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.

 

[SSV]

and for axis, do not use it anywhere. 🤣

Especially don’t use it at a coffee shop, .
.
.
because after a year ,you may be asked to produce the coffee bill , only after presenting this evidence, your Edge rewards account will be unblocked !! 😉

 

[helloworld]

🪓 The Legendary Year of 2023-24: A Tale of Firsts and Wonders​

Here’s how 🪓 truly left its mark:

• 🏆 Provided unbeatable rewards (for a while).
• 🔄 Offered excellent transfer options, which we learned.
• 🤔 Became the first bank to educate users about loopholes (which they never utilized in other areas of life).
• 💔 First bank to remove all benefits at once—because why not?
• 🏦 Acquired a major bank (flex much?).
• 🃏 Developed the same features across multiple cards with only minor tweaks.
• 💵 Changed annual fee criteria without adding any extra benefits—groundbreaking!
• 🧾 First bank to ask for invoices to validate credit card transactions (because trust is overrated).
• 🤡 Took it up a notch by asking for invoices to credit cashback.
• 🏴‍☠️ First credit bank where users openly looted via loopholes (at least they had fun doing it).
• 📱 Mandated SMS charges—because revenue streams come in all forms.
• ⏪ Sent out notices reversing transactions from the past two years—yes, TWO YEARS.
• 🧮 Taught users advanced mathematics to calculate reward points. Thanks for the lesson!
• 🏢 Turned monthly salary credits into postable flexes.
• 😤 Became the first bank to consistently frustrate users month after month (just check the headlines).
• 🎩 Made users enroll in high-end programs to get back benefits that were once handed out like peanuts.
• 💸 Still managed to offer the best cashback and transfer partner credit cards—bittersweet.
• 📉 Dropped four devaluation notices in a single year (imagine paying annual fees upfront—ouch).

It’s a rollercoaster ride, folks, with more loops than we can count! 🎢

# Emojis edited using AI.

 

[BVCBVC is verified member.]

🪓 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.

Well summed up about 🪓 Axis.

 

[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

 

[Saijakie]

Hi Guys . Anyone recieved magnus accelerated points for the month of november 2024 ?

 

[Saijakie]

Hi Guys . Anyone recieved magnus accelerated points for the month of november 2024 ?

Nevermind got it today .

 

[sahilgulati5]

Nevermind got it today .

I also got it today. It is generally posted on 15 or 16th of every month

 

[lazyme]

Hey guys, for the Magnus Burgundy card, will I have to wait 3 months if I have a deposit of 10 lakhs on the account or would I be upgraded to Burgundy right away? And what if I make a deposit of 30+ lakhs? I have been reading conflicting reports.

 

[maddy143ded]

Have requested them twice for unfair fees. First time they reversed the Fees while I had to bear the GST. have requested them again just today again for the current Revision of Caps to various transaction. Will be closing my Axis cards soon. don't see much use anymore