Is there anything growing in the gokul to kill all the giant banks card portfolio.

[cardy]

Axis has already devalued almost all of its cards in the portfolio. They have taken citi also but is in pin silent since then.

Now things can't work this way at all but it seems axis is running behind loosing customers and most importantly loosing customers trust.

So my question is,
is there a very big change is happening inside axis cards to make something astonishing to make people wondered with a more sophisticated portfolio of cards!!!
Or
Axis is actually the dumbest of all the dumbs.

@4uziaul @Abhishek012 @D₹V @Strange @Das.N @DocFixIt @ashwink @TechnoFino

 

[cardy]

@Tejo what is your view on this

 

[Tejo]

Axis is actually the dumbest of all the dumbs.

Axis after seeing profits from the card business of other bank, boosted their focus on card business.

Now, after people looting them wantedly. Just taken pill of devaluation. Now we need to close watch that how it will recover back to ......... position.

Mostly they will cut-off the spend milestones, they will focus on selected mcc/merchant spends and blacklist the merchants who causing them lose 🤣 like bharatnxt etc.

 

[HumorSimpson]

Whats Gokul?
BTW you have your answer tagged (Arinam).

 

[bing1309]

They are cleaning house once citi full integration is complete in credit card and understanding what type of customers they have then things will boost up, yes they are cooking something those who are leaving premium cards and wanted to return back I think it's not easy for them, old days taking a credit card was easy in coming days it's going to be worse as of now c2c terms are changed. believe me to take credit card from axis (issuance will have lot of terms and conditions meeting them would be difficult) they might offer good products in coming days but with terms which they want proper spenders and account holders. Ask how many have closed the card, lot of threads of Magnus came poll was created there you can see only seeing thread what is happening but closing card I think only 1 out of 10 might have done. Take me for example I applied for reserve cc after devaluation on oct. Taking premium card was dam difficult lot of terms added for the card eligibility cretria. But got on Jan. Just need to have patience on upcoming changes. Just wait by April things change.

 

[cardy]

They are cleaning house once citi full integration is complete in credit card and understanding what type of customers they have then things will boost up, yes they are cooking something those who are leaving premium cards and wanted to return back I think it's not easy for them, old days taking a credit card was easy in coming days it's going to be worse as of now c2c terms are changed. believe me to take credit card from axis (issuance will have lot of terms and conditions meeting them would be difficult) they might offer good products in coming days but with terms which they want proper spenders and account holders. Ask how many have closed the card, lot of threads of Magnus came poll was created there you can see only seeing thread what is happening but closing card I think only 1 out of 10 might have done. Take me for example I applied for reserve cc after devaluation on oct. Taking premium card was dam difficult lot of terms added for the card eligibility cretria. But got on Jan. Just need to have patience on upcoming changes. Just wait by April things change.

True.
Credit card limit enhancement and LTF both have reduced drastically. Credit limit decrease once a taboo no it's normal. Sbi made reward points a joke they wish they are giving, after 5months they see terms deviations, takes it back, if you already redeemed they makes a charge of equivalent amount.
So there's coming some hard days indeed...