CitiBank Credit Cards To Axis Bank Credit Cards Migration | Full List With New Card Details

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Axis Bank has finally decided to move Citibank credit card customers to its core credit card system. Axis Bank has already launched some new card variants to migrate Citibank credit card users to Axis Bank with almost the same benefits.
Here is the list of Axis Bank credit cards that will be migrated from Citibank:

Citi Bank Existing Credit Card​	New Axis Bank Credit Card​
Citi Rewards Credit Card	Axis Bank Rewards Credit Card
IndianOil Citi Credit Card	Indian Oil Axis Bank Premium Credit Card (New Card)
Citi IKEA Credit Card	IKEA Family Credit Card By Axis Bank (New Card)
Citi Cashback Credit Card	Axis Bank Cashback Credit Card (New Card)
Citi PremierMiles Credit Card	Axis Bank Horizon Credit Card (New Card)
Citi Prestige Credit Card	Axis Bank Olympus Credit Card (New Card)
First Citizen Citi Credit Card	Axis Bank Shoppers Stop Credit Card (New Card)

This migration process will take place in phases. According to some reports, the first phase will be completed by 9th June 2024, and the entire process should be completed by the following month.

Reward points on your existing Citibank credit card will be transferred to the Axis EDGE reward system for free at the time of migration. Here is the list of transfer rates below:

Citi Bank Credit Card​	Axis Bank Credit Card​	Reward Transfer Rate​
Citi Rewards Credit Card	Axis Bank Rewards Credit Card	1 Reward Point = 1.75 EDGE Rewards
IndianOil Citi Bank Credit Card	IndianOil Premium Axis Bank Credit Card	1 Turbo Point = 1 EDGE Miles
Citi IKEA Credit Card	IKEA Family Credit Card By Axis Bank
Citi Cashback Credit Card	Axis Bank Cashback Credit Card
Citi PremierMiles Credit Card	Axis Bank Horizon Credit Card	1 Premier Mile = 0.45 EDGE Miles
Citi Prestige Credit Card	Axis Bank Olympus Credit Card	1 Prestige Mile = 1 EDGE Miles

Axis Bank's new credit card transfer rates to its partner programs:

Credit Card Name	Transfer Rate	Capping
Axis Bank Rewards Credit Card	10 EDGE Reward Points = 1 Partner Point (Vistara, AirAsia, ITC, and SpiceJet: 5 EDGE Reward Points = 1 Partner Point)	Overall Transfer Capping: 5,00,000 Group A: 1,00,000 Group B: 4,00,000
IndianOil Premium Axis Bank Credit Card	2 EDGE Miles = 1 Partner Point (IOCL XTRAREWARDS: 3 EDGE Miles = 10 Partner Points)	Overall Transfer Capping: 5,00,000 Group A: 1,00,000 Group B: 4,00,000
IKEA Family Credit Card By Axis Bank	20 EDGE Reward Points = 1 Partner Point (Vistara, AirAsia, ITC, and SpiceJet: 10 EDGE Reward Points = 1 Partner Point)	Overall Transfer Capping: 5,00,000 Group A: 1,00,000 Group B: 4,00,000
Axis Bank Horizon Credit Card	1 EDGE Mile = 1 Partner Point	Overall Transfer Capping: 5,00,000 Group A: 1,00,000 Group B: 4,00,000
Axis Bank Olympus Credit Card	1 EDGE Mile = 4 Partner Points	Overall Transfer Capping: 7,50,000 Group A: 1,50,000 Group B: 6,00,000

Key Benefits Of New Axis bank Credit Cards:

Axis Bank Olympus Credit Card:
Annual Fees: Rs. 20,000 + GST
Welcome & Renewal Benefits:
1. Taj/ITC Hotel Voucher: Rs. 10,000
2. EDGE Miles: 2500

Main Benefits:
1. Unlimited airport lounge access worldwide for primary & add-on card holders plus 20 free guest visit per year.
2. 2 complimentary domestic airport transfer for primary card holder.
3. 8 complimentary domestic airport meet and greet service.
4. 8 complimentary golf lessons/rounds per year (primary card holder plus 1 guest); additional 1 golf game/lesson for every Rs. 50,000 spent per year.
5. BookMyShow buy one get one free offer on movie & non-movie tickets. Maximum discount: Rs. 650 (Movie) & Rs. 1000 (Non-Movie) per ticket; offer can be used maximum 2 times for movie & 2 times for non-movie tickets per month.
6. Discounted forex currency markup fees: 1.80%

Reward System:
Earn 1 EDGE Mile for every Rs. 100 spent in India.
Earn 2 EDGE Miles for every Rs. 100 spent outside India.

Excluded MCCs: (List of categories, you'll not earn reward points)

➢ Transportation & Tolls (4111, 4121, 4131,4784)
➢ Utilities (4814,4816,4899,4900)
➢ Insurance (6300,6381,5960,6012,6051)
➢ Educational Institutions (8211,8241,8244,8249,8299)
➢ Govt. Institutions (9211,9222,9311,9399,9402,9405,8220)
➢ Wallet (6540)
➢ Rent (6513)
➢ Fuel (5541,5542,5983)

Reward Redemption:
You can redeem your EDGE Miles to book flight or hotels directly from traveledge portal & you can transfer your reward points to various partner programs.
1 EDGE Mile = 4 Partner Points

Reward Rate:
Domestic: 4% Partner Points
International: 8% Partner Points [5.87% if we consider 1 Partner Point = Rs. 1 and deduct markup fees]

For detail review visit card review here: [link will be added]

Axis Bank Horizon Credit Card:
Annual Fees: Rs. 3,000 + GST

Welcome benefits:
EDGE Miles: 5000

Renewal Benefits:
EDGE Miles: 1500

Main Benefits:
1. Domestic Lounge Access: 6 Complimentary lounge access for Mastercard variant holders & 8 complimentary lounge access for Visa variant holders per calendar quarter.
2. International Lounge Access: 2 Complimentary lounge access per calendar quarter.
3. Dining Discount With EazyDiner: 25% discount up to Rs. 800 per month; minimum order value: Rs. 2500; Offer can be used once a month.

Reward System:
1. Earn 5 EDGE Miles for every INR 100 spent on Axis Traveledge portal and airline websites.
2. Earn 2 EDGE Miles for every INR 100 spent on other categories.

Excluded MCCs: (List of categories, you'll not earn reward points)

➢ Transportation & Tolls (4111, 4121, 4131,4784)
➢ Utilities (4814,4816,4899,4900)
➢ Insurance (6300,6381,5960,6012,6051)
➢ Educational Institutions (8211,8241,8244,8249,8299)
➢ Govt. Institutions (9211,9222,9311,9399,9402,9405,8220)
➢ Wallet (6540)
➢ Rent (6513)
➢ Fuel (5541,5542,5983)

Reward Redemption:
You can redeem your EDGE Miles to book flight or hotels directly from traveledge portal & you can transfer your reward points to various partner programs.
1 EDGE Mile = 1 Partner Points

Reward Rate:
Traveledge & Airlines: 5% Partner Points
Other: 2% Partner Points

For detail review visit card review here: [link will be added]

The new Axis Bank credit cards look good if we consider their benefits. However, in terms of rewards, even the Axis Olympus card has many exclusions. Despite this, it is still a good card for international spending. In terms of reliability, Axis Bank doesn't come close to Citibank. This is the main reason almost all Citibank customers were very unhappy with the Citibank and Axis Bank deal earlier last year. Unfortunately, we cannot do anything but accept this migration. If you don't want to continue with your Citibank cards, you can close them; you will not be charged any renewal or migration fees at this time. Renewal fees will be levied at the usual time of your card renewal. The Citi PremierMiles and Citi Prestige cards were some of the best and most reliable for accumulating air miles. Personally, I will never rely on Axis Bank, as they can send you notices and ask for transaction clarifications from the past year, even for very small amounts.

This is the end of an era.

 

[helloworld]

Edge mile is worth at least 2 rupees.
don't ever waste them in shopping

on domestic, non-accor. worth 2 rupees?

Just because accor says 1 point = 1.8rs. I don't value that much its still 1 Rs. for me. Thats how businees valued actually.

 

[drsel]

on domestic, non-accor. worth 2 rupees?

Why non Accor to begin with?
Accor even has low priced domestic hotels in India

 

[helloworld]

Why non Accor to begin with?
Accor even has low priced domestic hotels in India

lets say everyone has personal preferences, and moreover some travel within their budget or specific requirements or non-availability. So, be it Vistara, Accor, ITC. The value of points is based on the redemption and their preferences.

And if accor says, its room 6000/- do we actually have to agree with that or anyway to compare that value? Ex: possibly, for me same room category in nearby location area and maybe same star level, if all of them average same price, then its 6000/- Otherwise, for some if they feel its like 3000/- room but they charged 6000/-, can't consider 1 edge mile = 1.8 here, rather 1 Rs.

so, unless I redeem those points and verify

- on that date actual value on that property
- actual value I paid with points + taxes (if any)

then only it will be determined the actual value of 1 reward point "for me".

YES Bank RewardZ Redemption Options - for MARQUEE Credit Card

YES Bank CC RewardZ Redemption (Note: YES CC RewardZ Redemption is different to SB Bank Account RewardZ) Disclaimers: 1) As I am fairly new to YES Bank, (one statement old) , please bear with me, I will update and fine tune this post as and when required... 2) I am not sure, if the redemption...

www.technofino.in

like this, I can get 1 Edge Mile = 1 Rs. or 1 Edge Mile = 3 Rs. (maybe for suites in ITC or peak times in Vistara)...

but for general assumption, Till then 1 RP = 1 Rs. for (Edge Miles), 1 RP = 0.20p for (Edge Rewards) etc.

 

[Harry1]

Ok. So, miles can be used for shopping, grocery etc. it will be like those AMEX point redemption, right? Where POS auto select redeem points.

Anyway, its good they provide 1 EM = 1Rs. in these cases.

It's not on all merchants though.

Here is the thread. Most of the discussion is about edge points with 5:1 ratio. But going by the previous post where his edge miles were deducted, it seems it works for edge miles too in 1:1 ratio.

New Update for Axis Edge Reward points redemption catalogue [Offline EDGE Points Redemption]

Dear community members, I was going through the Edge Rewards portal provided by Axis Bank. While browsing various options, I saw a tab named as Partner Deals. Incidentally, I clicked on that and saw a REDEMPTION button. As soon as I visited there, I got to know that there is an option to redeem...

www.technofino.in

 

[helloworld]

It's not on all merchants though.

Here is the thread. Most of the discussion is about edge points with 5:1 ratio. But going by the previous post where his edge miles were deducted, it seems it works for edge miles too in 1:1 ratio.

New Update for Axis Edge Reward points redemption catalogue [Offline EDGE Points Redemption]

Dear community members, I was going through the Edge Rewards portal provided by Axis Bank. While browsing various options, I saw a tab named as Partner Deals. Incidentally, I clicked on that and saw a REDEMPTION button. As soon as I visited there, I got to know that there is an option to redeem...

www.technofino.in

Ok. Hopefully axs implement same system like citi to redeem points on various options for edge miles too.

 

[karthik.a]

EazyDiner benefits in Axis Horizon has been reduced to 800 Rs which was 1000 in Citi bank. This is a big devaluation. Not sure what other Citi Benefits going to be reduced.

 

[helloworld]

EazyDiner benefits in Axis Horizon has been reduced to 800 Rs which was 1000 in Citi bank. This is a big devaluation. Not sure what other Citi Benefits going to be reduced.

Citi needs minimum 4000rs. spends to get 20% whereas Axs need 2500rs. to get 25% discount.

I don't consider it as a devaluation, actually. I find it now can use more times than previous.

 

[Riva]

What do you guys recommend i to with my Citi Reward Points. I have 17900 Citi Reward Points as on today. The last day to redeem these is 6th July, post which there is a freeze on any redemption that can be done on citibank side.
I do not have any spends on my citi card so cannot redeem them for cashback at 0.35p. The only options are to let them move to Axis at 1.75 ratio which will convert 17900 Citi Reward Points to 31325 ER Points. However i do not know if these 31325 ER points can be converted into 5:4 ratio ( i have magnus 4 burgundy card).

For Axis reward cards the conversion is as below.
For Vistara, ITC, SpiceJet, airasia : 5 EDGE REWARD Points = 1 Partner Point ( will convert 31325 ER to 6265 partner points. I dont know the value of these partner points)
For Other Partners : 10 EDGE REWARD Points = 1 Partner Point (will convert 31325 ER to 3133 partner points. I dont know the value of these partner points))

The Citi Reward points can be redeemed for Amazon Vouchers at 3300 Citi Reward Points for 1000 INR. But i need to do this before 6th July.

So, what would be the best use of these points. Can these 31325 ER points be converted to 5:4 or will the buckets be different or would it be best to redeem for amazon vouchers at 0.33p?

Thanks,

 

[helloworld]

What do you guys recommend i to with my Citi Reward Points. I have 17900 Citi Reward Points as on today. The last day to redeem these is 6th July, post which there is a freeze on any redemption that can be done on citibank side.
I do not have any spends on my citi card so cannot redeem them for cashback at 0.35p. The only options are to let them move to Axis at 1.75 ratio which will convert 17900 Citi Reward Points to 31325 ER Points. However i do not know if these 31325 ER points can be converted into 5:4 ratio ( i have magnus 4 burgundy card).

For Axis reward cards the conversion is as below.
For Vistara, ITC, SpiceJet, airasia : 5 EDGE REWARD Points = 1 Partner Point ( will convert 31325 ER to 6265 partner points. I dont know the value of these partner points)
For Other Partners : 10 EDGE REWARD Points = 1 Partner Point (will convert 31325 ER to 3133 partner points. I dont know the value of these partner points))

The Citi Reward points can be redeemed for Amazon Vouchers at 3300 Citi Reward Points for 1000 INR. But i need to do this before 6th July.

So, what would be the best use of these points. Can these 31325 ER points be converted to 5:4 or will the buckets be different or would it be best to redeem for amazon vouchers at 0.33p?

Thanks,

use at magnus 4 burgundy, definitely you'll get more than 0.35p.

 

[Riva]

use at magnus 4 burgundy, definitely you'll get more than 0.35p.

But that is what I want to know. Are the buckets the same and will it let me convert these Axis reward edge points at 5:4?
Also what is the value of the partner points in this case (6265 partner points and 3133 partner points)?

 

[helloworld]

But that is what I want to know. Are the buckets the same and will it let me convert these Axis reward edge points at 5:4?

only time will tell (have to wait till month end for this, no such update officially so far).

Also what is the value of the partner points in this case (6265 partner points and 3133 partner points)?

value can only be derived from you. depends on time, category of rooms/flights, peak time etc.

ex: you can normally value 1 ITC = 1Rs. for redemption.

whereas, Vistara its difficult it value 8000 points for one sector but price on that date might be less than 8000 (in this case value <1) or more than 8000 (than value >1).

until redemption, do not assume value more than sure way 0.20p (in axs) or 0.40 (if you can extract that value at any time during redemption).

my assumption, go with 0.60p since you have m4b, but upto you.

 

[drsel]

Don't do anything.
Let the points get automatically converted to Axis edge points in the ratio 1:1.75

 

[Riva]

Yea, so I am like 80% let it get converted and 20% redeem it for Amazon at 0.33p. But as you guys mentioned I think value at that time could be more than 0.20p/0.35p. I also think at worst case where 10ER=1partner point, that will leave me with 3133 partner points. Hopefully there is no further conversion when moving to other partners, ideally Krisflyer miles.
Also, I have Krisflyer miles set to expire in May25. If I move these there in Jan'25, will it extend all Krisflyer miles for 3 years more?

 

[Riva]

Axis has quietly pushed the timeline to issue new cards to Q4'2024!!

Folks who were part of the first wave for new cards pls confirm if you guys got the cards and if they have been set up.

This email was a corporate notification from our Axis Bank Corporate partners. I have not received this extended timeline in my personal email as yet. Has anyone received such confirmation?

 

[Deleted member 13981]

Axis has quietly pushed the timeline to issue new cards to Q4'2024!!

Folks who were part of the first wave for new cards pls confirm if you guys got the cards and if they have been set up.

This email was a corporate notification from our Axis Bank Corporate partners. I have not received this extended timeline in my personal email as yet. Has anyone received such confirmation?

It was Q4 from the very beginning for replacement card delivery. However, post 15th July we'll be able to see new card in the Axis mobile app and our existing citi cards will continue to work as their future versions till they get delivered. Got an email today about integration of my citi card with Axis bank customer id.

 

[drsel]

I will have 5 Axis cards

 

[SSV]

I will have 5 Axis cards

WOHOO ... an 🪓 man... a real 🪓 man....
Good on you mate !!

 

[drsel]

WOHOO ... an 🪓 man... a real 🪓 man....
Good on you mate !!

Just imagine if I had three citibank cards

 

[SSV]

Just imagine if I had three citibank cards

I can't imagine.. because I dont know much about CITI cards and your 🪓 cards..
I am only into the Indian CC market actively for the last 2 years only

 

[Riva]

It was Q4 from the very beginning for replacement card delivery. However, post 15th July we'll be able to see new card in the Axis mobile app and our existing citi cards will continue to work as their future versions till they are delivered. Got an email today about integration of my citi card with Axis bank customer id.

I guess I was referring to this Axis FAQ where they just mentioned H2 2024. My bad.
So axis features will be available on Citi cards post 15 July even if the card has not been updated I guess.