Axis Magnus Huge devaluation of Grabdeals portal

[neo.puneet]

Hi folks, I noticed Grabdeal portal has done huge devaluation on almost all sites. Many 15-20x things now gives only 5x. 😞

 

[Tejo]

Hi folks, I noticed Grabdeal portal has done huge devaluation on almost all sites. Many 15-20x things now gives only 5x. 😞

I have already closed my axis cards as I feel helpless useless cards.

 

[jack333]

Hi folks, I noticed Grabdeal portal has done huge devaluation on almost all sites. Many 15-20x things now gives only 5x. 😞

Even jockey and marks and spencer are down to 5x from 20x. Is there any brand left now with more than 5x?

 

[NikunjP]

When brands want to promote they pay Axis some amount. Axis give 35X or even 40X to customers. After they achive target, they stop/reduce spending. So Axis also reduces from 40X to 5X.

It's the business model.

In future they may come up with new brand & give 40X.

 

[shushansh]

For people buying gold at and getting 60% value back as reward points, it's gone now, no more Myntra on edgeRewards Gyftr.

As I can observe, I can't find any higher denominations on any of the brands. I've bought 10k gift cards previously for a lot of brands, none have it available now.

Axis has been trying aggressively to cut down on any and all huge spenders (and huge loss makers for them) on all fronts. Even the grab deals is basically a joke now, no more 45x or even 30x (Marks and Spencer & Jockey gone).

Edit: Available again. Needed to buy Myntra vouchers urgently, so was too disappointed to not find them on gyftr.

 

[vinrey287]

Don't see anything worth in grabdeals now.. giftedge is the only option left

 

[sxchzy]

There used to be 45x for marks and spenser right
What happened to it?

 

[Venky]

There used to be 45x for marks and spenser right
What happened to it?

Was reduced to 40X in January and now its at 5x

 

[sxchzy]

For people buying gold at and getting 60% value back as reward points, it's gone now, no more Myntra on edgeRewards Gyftr.

As I can observe, I can't find any higher denominations on any of the brands. I've bought 10k gift cards previously for a lot of brands, none have it available now.

Axis has been trying aggressively to cut down on any and all huge spenders (and huge loss makers for them) on all fronts. Even the grab deals is basically a joke now, no more 45x or even 30x (Marks and Spencer & Jockey gone).

Seems that saturation point has been reached for axis
Through magnus they have acquired many citi customers.

 

[sxchzy]

Was reduced to 40X in January and now its at 5x

Should have milked it earlier.
I am late to the party

 

[Venky]

Should have milked it earlier.
I am late to the party

Don’t bother. Only a few people did get the rewards for the 40x transaction. I am still in a 2 month mail fight with the customer care & PNO for my ER and still no resolution. 🥲

 

[sxchzy]

Don’t bother. Only a few people did get the rewards for the 40x transaction. I am still in a 2 month mail fight with the customer care & PNO for my ER and still no resolution. 🥲

Typical bank behaviour
Playing in the Gray just to avoid paying what the had to pay

 

[purush]

During the month end it's always like that only. Wait for it.

 

[dungeonMaster]

For people buying gold at and getting 60% value back as reward points, it's gone now, no more Myntra on edgeRewards Gyftr.

As I can observe, I can't find any higher denominations on any of the brands. I've bought 10k gift cards previously for a lot of brands, none have it available now.

Axis has been trying aggressively to cut down on any and all huge spenders (and huge loss makers for them) on all fronts. Even the grab deals is basically a joke now, no more 45x or even 30x (Marks and Spencer & Jockey gone).

For flipkart and amazon i can still see 10k voucher. For myntra people were exploiting it like anything for purchasing gold coins

 

[Slayer]

During the month end it's always like that only. Wait for it.

+1

 

[Slayer]

People just want to break news first in this forum
Everyone wants to feel like Fabrizio Romano
Here We Go

 

[sid16]

Nothing above 5X now. Huge devaluation.

 

[sid16]

Myntra voucher sold out on HDFC Gyftr. Only Rs. 250/= voucher denomination on Gift Edge. Lot of things going to be removed it looks like.

 

[NikunjP]

Don’t bother. Only a few people did get the rewards for the 40x transaction. I am still in a 2 month mail fight with the customer care & PNO for my ER and still no resolution. 🥲

I still didn't get point even after 3 months of acceleration with PNO.

 

[amit]

1. Grab Deals all partners are now maximum 5X only, no more 10X-25X.
2. All Eazydiner Axis cards offer can now be used only once a month that too with a minimum billing of 2500.