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Axis Bank Credit Card Cancellation Notice: Another Round Of Card Cancellation & Some Unknown Updates

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Hello TFCians,
I'm sure you are aware of the recent credit card cancellation notices that have been sent to many users. Screenshots of these notices are being shared across various groups, Twitter, and our community as well. Numerous individuals have received these notices, requesting clarification on transactions made with merchants intended for business purposes. Personally, I find it implausible to present transactions from merchants like show bharatNXT as personal expenses.
Screenshot_2023-06-21_at_12.17.46_PM.png
Source: Thread started by ChurningSidd
However, what you may not be aware of is that Axis Bank is actively tracking a list of individuals. Those on Twitter playing the "community game" or selling loopholes are unaware that they are being monitored. Someone, or possibly a few individuals, is sending emails to Axis Bank officials. I won't answer how I know all of this for obvious reasons.
You may be wondering how Axis Bank found out about the reserve and Axis Magnus travel edge bugs. Actually, those loopholes were reported to Axis Bank officers by some individuals; they didn't discover them on their own.

Axis Bank has already reviewed the credit card transactions of some heavy spenders and gained insight into how their customers are rotating money. You can expect to see more cancellation notices sent to numerous customers in the near future.
One individual, for instance, was using their credit card to purchase lakhs worth of fuel every month, leading to the cancellation of their credit card as well.

It is strongly advised not to use your credit card for business purposes or to rotate money. If you have engaged in such practices in the past, it is recommended to transfer your points as soon as possible.
 
Hello TFCians,
I'm sure you are aware of the recent credit card cancellation notices that have been sent to many users. Screenshots of these notices are being shared across various groups, Twitter, and our community as well. Numerous individuals have received these notices, requesting clarification on transactions made with merchants intended for business purposes. Personally, I find it implausible to present transactions from merchants like show bharatNXT as personal expenses.
View attachment 20559
Source: Thread started by ChurningSidd
However, what you may not be aware of is that Axis Bank is actively tracking a list of individuals. Those on Twitter playing the "community game" or selling loopholes are unaware that they are being monitored. Someone, or possibly a few individuals, is sending emails to Axis Bank officials. I won't answer how I know all of this for obvious reasons.
You may be wondering how Axis Bank found out about the reserve and Axis Magnus travel edge bugs. Actually, those loopholes were reported to Axis Bank officers by some individuals; they didn't discover them on their own.

Axis Bank has already reviewed the credit card transactions of some heavy spenders and gained insight into how their customers are rotating money. You can expect to see more cancellation notices sent to numerous customers in the near future.
One individual, for instance, was using their credit card to purchase lakhs worth of fuel every month, leading to the cancellation of their credit card as well.

It is strongly advised not to use your credit card for business purposes or to rotate money. If you have engaged in such practices in the past, it is recommended to transfer your points as soon as possible.

Thanks admin.

I am not sure if this is related here or not.

I see a -6k point reversal for a Payzap TXN, dated today(points reversal).

But point is that I NEVER have done any TXN of 1Lac in Payzap 🤦‍♂️

Now I have to fight to get the reversal reversed 🙄😒


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If anyone here wants to claim this -6k is your TXN wrongly minuses into my account let me know🤣
 
People don't take it seriously, it's "points" only.

Well those points cost the bank real money, and these points are taxable if they're deemed to be earned as a business/profession, and by the amount some of people who abused it to extremes minting millions of points they might also get a check from IT as also their credit card payments are exorbitant from rotating money and running it like a business to earn points.

And if abused to extremes the bank might come knocking at your door if you've caused them big losses, and they're in their right to do so.
 
Did anyone get any such notice for paying other credit cards bill through rupay credit card? Is that not personal spends? since this option has been given in the apps, shall it be called as loophole?
 
Did anyone get any such notice for paying other credit cards bill through rupay credit card? Is that not personal spends? since this option has been given in the apps, shall it be called as loophole?
Rupay is UPI, no loophole. if they wanna stop cc bill paid using rupay card then they need to rethink about UPI
 
Did anyone get any such notice for paying other credit cards bill through rupay credit card? Is that not personal spends? since this option has been given in the apps, shall it be called as loophole?
It's a grey area. It's a loophole HDFC has not fixed. P*****p acts as an intermediary toh naam P*****p ka hi ayega. G**y seems to have fixed this. MCC Utilities ya Bill Payment me hi aata hai iska.
 
It's a grey area. It's a loophole HDFC has not fixed. P*****p acts as an intermediary toh naam P*****p ka hi ayega. G**y seems to have fixed this. MCC Utilities ya Bill Payment me hi aata hai iska.
Yeah, it seems a gray area, slowly different apps are going to stop this, but different combinations are working still including g*p*y and P*y*tm and B*h*m etc...... Here even one justify the expensis by explaining that he paid the bill of another credit card using your rupay cc, bank may still lavie charges equivelant to card to card balance transfer charges!!!
 
Thanks admin.

I am not sure if this is related here or not.

I see a -6k point reversal for a Payzap TXN, dated today(points reversal).

But point is that I NEVER have done any TXN of 1Lac in Payzap 🤦‍♂️

Now I have to fight to get the reversal reversed 🙄😒


View attachment 20606



If anyone here wants to claim this -6k is your TXN wrongly minuses into my account let me know🤣
Seems like @bhavyegoel also got 1Lack TXN ER chopping done 🙂 , I am not alone 😉

AXIS is getting fishy with this cross-violation of TXN posting(only when it comes to minuses 🤣 )

 
Thanks admin.

I am not sure if this is related here or not.

I see a -6k point reversal for a Payzap TXN, dated today(points reversal).

But point is that I NEVER have done any TXN of 1Lac in Payzap 🤦‍♂️

Now I have to fight to get the reversal reversed 🙄😒


View attachment 20606



If anyone here wants to claim this -6k is your TXN wrongly minuses into my account let me know🤣

@bhavyegoel - FYI

Got an update finally from support after 3days on the same.

Seems like instead of 60 points minuses, they have done 100 bagger 🤣

Support requested 1 more day to look into this, let's see.

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