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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.
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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.
 
What is this feature called - 100x decelerated reward points? And debited after 90 days 😜

Only card of AXIS where I get the points very next day after my TXN 🤑 even for PayZap 😉 😍

IYKYK (Most hated word by our admin in the recent times)

TXN done yday and points posted today promptly.



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@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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View attachment 20922
Follow-up post here, after two weeks of follow-up and several commitment they missed(we will do when we do, as usual AX-IS)

I got the points credited back today which deducted etc.(instead of 60 reversal 6000 was done on my Payzap failed TXN or so)

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Do check yours if you were impacted with this negative points in any of the TXN.

@bhavyegoel - FYI
 
I received an email, but I am not able to see the merchant names mentioned in the email in the statement. I called customer care and also check with them. They are also not able to find the merchant names in the transactions I have dropped on mail to nodal officer and PNO will have to wait for the reply from them.

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I received an email, but I am not able to see the merchant names mentioned in the email in the statement. I called customer care and also check with them. They are also not able to find the merchant names in the transactions I have dropped on mail to nodal officer and PNO will have to wait for the reply from them.

View attachment 23248
Axis kaha kaha se ye nagine dhund ke laaya hai 🤣
 
I received an email, but I am not able to see the merchant names mentioned in the email in the statement. I called customer care and also check with them. They are also not able to find the merchant names in the transactions I have dropped on mail to nodal officer and PNO will have to wait for the reply from them.

View attachment 23248
Same i also received this mail today and merchant name is not matching with any of my transection
 
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