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How many you’re closing Axis Cards?
- Thread starter Saiv
- Start date
have iocl ltf and magnus fyf
have placed closure request for magnus
if they waive off fees for next year will keep it otherwise will close it
have placed closure request for magnus
if they waive off fees for next year will keep it otherwise will close it
Closing Atlas and Magnus.
Anyone got any retention offers?
Anyone got any retention offers?
closing all before fee charged are due
Welcome to the club of Amex. You are ready by the time of Axis devaluation.
Yes and they are "Dil Se Open". Coincidentally had to visit the branch also today due to some work (They are also "Dil Se Open")
with all due respect, both are entry level card if ltd/paid with 590 GST. both cc can easily recovered. for premium card people will cancel their M4B since parking 10 lakhs and using magnus with devaluation like earlier make less sense.
Somehow Axis faces the brunt of anger even though they haven't been particularly bad. The manner in which they do things definitely shocks people.
Anyone actually believes that ANY bank can sustain giving on an average more than 2-3% of returns? I feel in the long term, eventually when banking and economy matures, it will be difficult to sustain giving more than 2-3% returns.
To answer the question, will not close LTF Select, will not close LTF M4B. Since Atlas has removed my primary spend of government spends, will close it at the appropriate time, unless they offer it LTF to me.
Anyone actually believes that ANY bank can sustain giving on an average more than 2-3% of returns? I feel in the long term, eventually when banking and economy matures, it will be difficult to sustain giving more than 2-3% returns.
To answer the question, will not close LTF Select, will not close LTF M4B. Since Atlas has removed my primary spend of government spends, will close it at the appropriate time, unless they offer it LTF to me.
Noctis7
TF Select
It says this in the pdf "Multi Brand vouchers at double redemption value on achieving milestone spends of every 2.5 Lakhs will be discontinued".
And this "Customers achieving milestone spends of Rs. 2.5 lakh in a card anniversary year will be eligible for additional 10,000 EDGE REWARD Points worth Rs 2,000."
From this I understood that 10k points is the new benefit. Guess it's better to wait and see.
Noctis7
TF Select
I don't know what is bad in the cc world if not this. Devaluations were inevitable, but it should have been gradual and with proper warning. A good example is Infinia which has been hit with many significant devaluations over the year but its customers are still relatively happy.
Think of those who have paid for Magnus renewal assuming they can get the value back with bms and m&g offers. Or Atlas users who hit Gold/Platinum tier. Or someone who opened 30l FD in Axis to get MB. Would it not have been reasonable for them to assume a newly launched card like MB with a strict issue criteria wouldn't get devalued at least for a year?
In the end this seems like Axis has hurt it's reputation way more than if they didn't release such high rewarding cards in the first place. Could have released something that was half as rewarding, but sustainable and they would had gained way more today.
I would have renewed Magnus for BOGO, meet and greet, and lounge access. Now there is no reason to hold the card.
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