Citibank account to Axis Account conversion

[Quantum]

Off late, folks have been wondering about the Axis account types post migration.
It seems Axis has already finalized the Axis account types for Citibank accounts as Axis has started sending out the Axis cheque books.

Following is the info that seems to be true as of now for Axis Burgundy account:

• If you have a Citi salary account, and even though your salary isn't in excess of 3L per month, BUT you maintained the 15L NRV and your Citi salary account was also a Cit Priority account, then your Citi salary account will be converted to Axis Burgundy Salary account. Employer and Citi tie-up has some contribution too.
• If you have a Citi salary account, and your salary is in excess of 3L per month, then even though you don't maintain 15L NRV or Citi Priority, your Citi salary account will be converted to Axis Burgundy Salary account.
• If you have a Citi savings account, and you maintain 15L NRV or Citi Priority, then your Citi account will be converted to Axis Burgundy Savings account.

Following is the info that seems to be true as of now for Axis Priority account:

• If your salary credit is less than 3L per month to Citi account, and you don't maintain 15L NRV/Citi Priority, then your account will be converted to Axis Priority Salary account.
• If you have a Citi savings account and you don't maintain 15L NRV/Citi Priority but somewhere around 2-4L, then your account will be converted to Axis Priority Savings account.

Citi Gold will be converted to Burgundy private.

IMO, if it is a salary account conversion, you need not worry about maintaining any other criteria other than the salary itself, and you should continue using the account.
But if it is a savings account conversion, and that too to Burgundy savings account, most probably you would need to maintain the AQB/AMB criteria, which doesn't make sense to me given the devaluations. I don't see it as a very logical decision to maintain the equivalent Axis account with higher AMB/AQB than Citi.
Not sure if post migration, Axis is planning to relax the Burgundy eligibility criteria and make it equal to the peanuts that they are offering now in terms of Burgundy/M4B benefits.

This is just a compilation of info that I got from colleagues/friends as Citi had a tie-up with my employer and many still have the salary/savings accounts with Citi.
As far as the value of Burgundy/M4B is concerned, The thrill is gone

 

[Quantum]

Just heard back from the Axis PNO. Turns out they are as dumb as general Axis customer support. Have sent a follow up email. Hopefully, it's more positive this time

About their dumbness, don't be surprised if you get the exact same response again from the PNO desk as part of your follow-up. Follow up until all your queries are answered.

 

[cardy]

Seems they don't like to write new answers to customers

 

[statusquo]

About their dumbness, don't be surprised if you get the exact same response again from the PNO desk as part of your follow-up. Follow up until all your queries are answered.

You were right. Got the same response once again. Third response seems to be better and they are checking with their team about it

 

[drsel]

I got a definite response today that Citibank rewards card will be converted to Axis Rewards card and the same logic applies for all other Citibank cards.
They will be converted to a similar features and benefits card of Axis

 

[Zacobite]

You were right. Got the same response once again. Third response seems to be better and they are checking with their team about it

I got a definite response today that Citibank rewards card will be converted to Axis Rewards card and the same logic applies for all other Citibank cards.
They will be converted to a similar features and benefits card of Axis

sad.. axis rewards is a basic card.. like @SSV says... desk drawer card

 

[Sathishmani]

I got a definite response today that Citibank rewards card will be converted to Axis Rewards card and the same logic applies for all other Citibank cards.
They will be converted to a similar features and benefits card of Axis

At present, Citi Reward and IOCL cards are offered as Lifetime Free for current customers. It remains uncertain if Axis will extend a similar offer, considering the Rewards card has a fee of 1000rs and the IOCL card has a fee of 500rs.

 

[MG@245]

At present, Citi Reward and IOCL cards are offered as Lifetime Free for current customers. It remains uncertain if Axis will extend a similar offer, considering the Rewards card has a fee of 1000rs and the IOCL card has a fee of 500rs.

I have a citi rewards card from 2021 and I requested last week for making it LTF from citi customer care, they denied saying that they don't have any LTF cards and this citi rewards is renewed free for a nominal spends of 30K in an anniversary year. And my anniversary year just completed in 1st half of this May and said that I've reached the minimum spends and I won't be charged any fees for the anniversary year.
I asked about the Axis variants available for this card or atleast range of cards but they're saying they're clueless and customers will get mails regarding the cards in upcoming 2-3 months.

So, I would like to know other options to make it LTF.. and aas you mentioned , can we still have options to apply for citi IOCL CARD as LTF ?

 

[Sathishmani]

I have a citi rewards card from 2021 and I requested last week for making it LTF from citi customer care, they denied saying that they don't have any LTF cards and this citi rewards is renewed free for a nominal spends of 30K in an anniversary year. And my anniversary year just completed in 1st half of this May and said that I've reached the minimum spends and I won't be charged any fees for the anniversary year.
I asked about the Axis variants available for this card or atleast range of cards but they're saying they're clueless and customers will get mails regarding the cards in upcoming 2-3 months.

I was offered LTF IOCL and Rewards cards for my Citi Cashback card. I took IOCL card as I don't have any petrol card. Try negotiate once again. They will give LTF offer

 

[drsel]

I have a citi rewards card from 2021 and I requested last week for making it LTF from citi customer care, they denied saying that they don't have any LTF cards and this citi rewards is renewed free for a nominal spends of 30K in an anniversary year. And my anniversary year just completed in 1st half of this May and said that I've reached the minimum spends and I won't be charged any fees for the anniversary year.
I asked about the Axis variants available for this card or atleast range of cards but they're saying they're clueless and customers will get mails regarding the cards in upcoming 2-3 months.

So, I would like to know other options to make it LTF.. and aas you mentioned , can we still have options to apply for citi IOCL CARD as LTF ?

Don't take trouble to make it lifetime free because soon it will get converted to Axis Rewards card