Axis Bank Reserve credit card loophole patched - negative EDGE points balance

[TechnoFinoTechnoFino is verified member.]

Hey TFCians,

I want to bring to your attention that Axis Bank has reversed lakhs of EDGE points that were mistakenly credited due to a technical error. The bank had been offering a bonus of 50,000 EDGE points (Activation bonus) to Axis Reserve credit card users every time they replaced their credit card, and many users had taken advantage of this loophole to earn lakhs of reward points without spending any money.

What is activation bonus: The activation bonus is a perk offered by Axis Bank to its Reserve Credit Card customers. Upon getting the card and paying the joining or annual fees, the bank credits 50,000 bonus EDGE points to the customer's account. This bonus is known as the activation bonus and is provided to the customer at the time of joining and every year upon paying the annual fees.

However, Axis Bank has now taken action to correct this error and is reclaiming all the bonus points that were credited. Even those who have already transferred their points to partners will have a negative EDGE points balance and will not be able to escape this reversal.

If you have already closed your credit cards, you will not be impacted by this reversal process. Please keep this in mind and check your EDGE points balance to avoid any surprises.

 

[RewardsAlert]

May I know how do I join the group?

There is a pre requisite to possess a VIP lounge tag prior to entry.
Thereafter post profile review, you may get the invite.
If any member of our group, extends a proposal for you, then also it can be done.

 

[PiperatGatesofDawn]

You have already been added basis your profile analysis.
Thanks!

Me me me. Pretty please.

 

[RewardsAlert]

Me me me. Pretty please.

There is a pre requisite to possess a VIP lounge tag prior to entry, or please ensure if you can prove possession of a super premium card in some other way.

 

[RewardsAlert]

Sorry about the glare, but it's 12:30 AM. I trust this works....

View attachment 16931

This is more than enough 😅.

Please check your invite!

 

[PiperatGatesofDawn]

This is more than enough 😅.

Please check your invite!

Thanks. Also, how do I get into the VIP Lounge? Man this forum has so many layers.

 

[RewardsAlert]

Thanks. Also, how do I get into the VIP Lounge? Man this forum has so many layers.

New TechnoFino VIP Lounge Section For Super Premium Card Holders

Hello everyone, We are starting a new section "TechnoFino VIP Lounge" For Super Premium Card Holders. The section will not be indexed by any search engine, no thread/post will be visible to public/other forum members. A. To Access The TechnoFino VIP Lounge, You Must Hold Minimum One Credit...

www.technofino.in

You have to follow the instructions listed in this post.
The layers are meant to have for the benefit of members only. It's to ensure we maintain a crowd of quality people.

 

[PiperatGatesofDawn]

New TechnoFino VIP Lounge Section For Super Premium Card Holders

Hello everyone, We are starting a new section "TechnoFino VIP Lounge" For Super Premium Card Holders. The section will not be indexed by any search engine, no thread/post will be visible to public/other forum members. A. To Access The TechnoFino VIP Lounge, You Must Hold Minimum One Credit...

www.technofino.in

You have to follow the instructions listed in this post.
The layers are meant to have for the benefit of members only. It's to ensure we maintain a crowd of quality people.

I understand. I'm all for keeping the plebs out... as long as I'm on the right side of the wall. ;p

 

[Virgo]

There is a pre requisite to possess a VIP lounge tag prior to entry, or please ensure if you can prove possession of a super premium card in some other way.

Hey, could you please add me if my profile meets the group’s criteria? Thanks

 

[RewardsAlert]

Hey, could you please add me if my profile meets the group’s criteria? Thanks

Have reviewed your profile, it matches as of now.
Only basic thing expected from you is active contribution from your side in the group in form of new insights, etc.
Please accept your invite

 

[gowthamrush]

This is more than enough 😅.

Please check your invite!

@RewardsAlert Just now taken the screenshot. I hold Magnus. Check if this qualifies 😅

 

[Virgo]

Have reviewed your profile, it matches as of now.
Only basic thing expected from you is active contribution from your side in the group in form of new insights, etc.
Please accept your invite

Thanks a ton. I will keep sharing all that comes my way…

 

[hireng]

Have reviewed your profile, it matches as of now.
Only basic thing expected from you is active contribution from your side in the group in form of new insights, etc.
Please accept your invite

Can I request an invite please?

 

[RewardsAlert]

@RewardsAlert Just now taken the screenshot. I hold Magnus. Check if this qualifies 😅

I agree you have a Magnus and the screenshot is a valid proof, but as it's your initial post on TF, also your level is Neo.
You may have to increase these to get the invite. As stated earlier, if your profile qualifies in future, you'll automatically receive one.
Thanks.

 

[Max]

@RewardsAlert request you to review my profile and see if I qualify? Thanks for your time.

 

[RewardsAlert]

@RewardsAlert request you to review my profile and see if I qualify? Thanks for your time.

You're already qualified, please have a look at your notifications.

 

[biriyani]

@RewardsAlert can you please add me if possible please? Thanks

 

[mohitgolcha]

@RewardsAlert can you please add me if possible please? Thanks

Awaiting my review as well! thanks

 

[stallion]

@RewardsAlert Pls add me if possible

 

[prabanomics]

@RewardsAlert kindly request you to go through my profile and add me if eligible

 

[venkateshr]

You're already qualified, please have a look at your notifications.

Hi, Request if you can add me to the group if possible. Thanks.