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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.
 
So what happened with users who were given such notices in the last round of this exercise ? were they able to revive/reactivate their account and use their ER ?
 
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.
What's the problem in using credit card for legit business payments?
 
I have received the email today for merchant bspl and now they want invoice or evidence for payments under BSPL merchant category my 270000 edge rewards suspended what to do now?
 
All these random merchant names are probably payment processors. Axis executives didnt think it through while sending these notices without citing transactions in question. There is no way average customer is going to know which invoice they are asking for
 
I have received the email today for merchant bspl and now they want invoice or evidence for payments under BSPL merchant category my 270000 edge rewards suspended what to do now?
Send them a mail asking them when was the transaction made, and clearly to give the transaction details. Nhi toh RBI ko likh dena ki bank is harassing me without any credible evidence.
 
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