Axis - Multiple cards devaluation thread. (Reserve, Select, FK, Privilege, myzone)

[captaintorchtm]

Please check pdfs for updated tnc for axis reserve, select, fk, myzone, privilege

1) Axis Flipkart - https://axisbank.com/docs/default-source/default-document-library/credit-cards/axis-bank-flipkart-credit-card-terms-and-conditions.pdf

Following Links are not working anymore and Axis have removed the PDFs. You can find and read pdfs as they are attached with this thread.

2) Axis Reserve - https://axisbank.com/docs/default-source/default-document-library/credit-cards/axis-bank-reserve-credit-card-terms-and-conditions.pdf
3) Axis Select - https://axisbank.com/docs/default-source/default-document-library/credit-cards/axis-bank-select-credit-card-terms-and-conditions.pdf
4) Axis Privilege - https://axisbank.com/docs/default-source/default-document-library/credit-cards/axis-bank-privilege-credit-card-terms-and-conditions.pdf
5) Axis Myzone - https://www.axisbank.com/docs/defau...-my-zone-credit-card-terms-and-conditions.pdf

 

[realSP]

o

Apart from Flipkart and Reserve, rest of the links not working for pdf

only flipkart is available other than all link are down, i mean they removed it. check in different browser or clear the cache and check

 

[John123]

My sincere request to @TechnoFino, Lets create a separate section for all those devalued cards. It will be under exclusive devaluation content by TF family. 😂😂

 

[Ace87]

This is like an old Hindi serial.

Wo mar gaya. Nahi abhi Zinda hai. Nahi mar gaya.

Kiski ko kuch nahi pata.

 

[hungryPanda]

Axis bank playing hide and seek

 

[niks]

I have Flipkart, Select and Privilege. Till now I have received official SMS from Axis only for Flipkart

 

[Stargod]

Axis Wale Loot bardas Nehi kar pa raha

 

[captaintorchtm]

So They have removed it from the Website. Kya majak he. Still, we have pdfs, I have attached all the PDFs in this thread only.
Now lets wait for the next update. 😛
ill update the thread accordingly.

 

[4uziaul]

This is like an old Hindi serial.

Wo mar gaya. Nahi abhi Zinda hai. Nahi mar gaya.

Kiski ko kuch nahi pata.

Siddha bolo Ekta Kapoor ka serial baki hum samjh jate 🤣

 

[suhasa010]

My sincere request to @TechnoFino, Lets create a separate section for all those devalued cards. It will be under exclusive devaluation content by TF family. 😂😂

Actually not a bad idea considering the amount of devaluation.

While getting a new card it might help us in finding out which one were devalued recently.

 

[RkrRkr is verified member.]

Kya mazak bana rakha hai Axis ne. This is how they manage a Bank?

Axis Dil se open on paper only but on reality Dil hi toot-ta hai..💔

 

[VISHESH_BANSAL]

Axis Dil se open on paper only but on reality Dil hi toot-ta hai..💔

Dil open karke rakhe ga toh chhed toh ho ji jaayege dil m.

 

[rohitb]

Why would someone even go down the miles route now, 5:1 is equal to cash conversion of 0.2 Re.

If one mile more than ₹1, in that case.
Some airlines offer that.

 

[John123]

Actually not a bad idea considering the amount of devaluation.

While getting a new card it might help us in finding out which one were devalued recently.

Exactly 😂

 

[rohitb]

Me after this announcement

 

[BVCBVC is verified member.]

I have Flipkart, Select and Privilege. Till now I have received official SMS from Axis only for Flipkart

You've 3 out of 5 devalued cards. Must have been a shocker to you. Anyways Privilege and select have been removed now, let's hope for some positive changes.

 

[nirmalya]

After acquiring the Citi Bank they incurred huge loss over 5000 cr. So, it could be a business decision to cut the loss to some extent by devaluing the credit cards and extracting annual fees from the customers.
Here is mint article : https://www.livemint.com/market/sto...-at-rs-5-728-42-crore/amp-11682590025066.html

 

[BVCBVC is verified member.]

After acquiring the City Bank they incurred huge loss over 5000 cr. So, it could be a business decision to cut the loss to some extent by devaluing the credit cards and extracting annual fees from the customers.
Here is mint article : https://www.livemint.com/market/sto...-at-rs-5-728-42-crore/amp-11682590025066.html

Actually that’s not considered as loss. Just an exceptional expenses for acquiring Citi bank business. They have 10000+ crore of portfolio with them which will increase their profit margins now.

Axis Bank reports Q4 net loss of ₹5,728 crore due to exceptional expenses

Axis Bank Ltd reported fourth quarter net loss of ₹5,728.42 crore on account of one-time non-recurring items

www.thehindu.com

 

[niks]

You've 3 out of 5 devalued cards. Must have been a shocker to you. Anyways Privilege and select have been removed now, let's hope for some positive changes.

Yeah. Triple shock. Privilege is LTF for me and I hardly use it so don’t care. But I do use the other two

 

[ross999]

Has Axis Bank retracted all the devaluation announcement? I can't seem to find them.

Didn't the customer care announced it on call and then went back on their word. Now the public announcement.

Does anyone have some info on this?

 

[vaibhav111vaibhav111 is verified member.]

Has Axis Bank retracted all the devaluation announcement? I can't seem to find them.

Didn't the customer care announced it on call and then went back on their word. Now the public announcement.

Does anyone have some info on this?

information was pulled so kindly wait for 24-48 hr. hopefully it was clear by then. if not SMS and email will be send till then enjoy magnus & reserve.