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[RewardsAlert]

Thread 'Axis Bank Reserve credit card loophole patched - negative EDGE points balance' https://www.technofino.in/community...e-patched-negative-edge-points-balance.12226/



As all of us have seen this post and got the update of Axis Bank fixing the loopholes in Reserve card for unlimited ER on replacing the card.
Still this loophole is active on Axis Atlas Credit Card
This is not at all recommended to be practiced by anyone, unless someone looking for short term gains.
The main beneficiaries in this hack were those who closed their reserve before today's announcement as they had zero liability even after utilising all the points.
I will not recommend any one to opt this strategy but since it's a closed group, thought of sharing it for informational purposes.


Post in thread 'Closing my relationship with axis bank' https://www.technofino.in/community/threads/closing-my-relationship-with-axis-bank.11820/post-205124

 

[Copycat]

I wonder what Axis would do when those people who closed their Reserve cards apply for another Axis card.

 

[jack333]

Er are linked to customer id to same pan card. The balance will still remain negative. They will approve the card i think. Best for these people will be to take cashback cards like ace or airtel or flipkart in future

 

[RewardsAlert]

I wonder what Axis would do when those people who closed their Reserve cards apply for another Axis card.

Your point is something to be pondered upon carefully.
After discussing with some internal sources, it is concluded that a new Reserve card can applied for that person basis he has a different customer ID.
This is only possible if he gets an opportunity to open a bank AC with Axis that too by creating a different cust I'd. The process is complicated and might require approvals.

 

[Dragon_slayer]

I think those who closed their accounts or credit cards may still not be safe. Banks could reopen the card and put out a negative credit which will need to paid by users. It all depends on how Axis bank would like to take this case further, with a strong legal team its not impossible tbh.

 

[jack333]

If sbi can debit directly from card statement if reward point balance is less so can axis also. They can deduct 0.20 rs per er

 

[Rahul Gupta]

Thread 'Axis Bank Reserve credit card loophole patched - negative EDGE points balance' https://www.technofino.in/community...e-patched-negative-edge-points-balance.12226/



As all of us have seen this post and got the update of Axis Bank fixing the loopholes in Reserve card for unlimited ER on replacing the card.
Still this loophole is active on Axis Atlas Credit Card
This is not at all recommended to be practiced by anyone, unless someone looking for short term gains.
The main beneficiaries in this hack were those who closed their reserve before today's announcement as they had zero liability even after utilising all the points.
I will not recommend any one to opt this strategy but since it's a closed group, thought of sharing it for informational purposes.

Information purposes😁

 

[bugmenot]

Thread 'Axis Bank Reserve credit card loophole patched - negative EDGE points balance' https://www.technofino.in/community...e-patched-negative-edge-points-balance.12226/



As all of us have seen this post and got the update of Axis Bank fixing the loopholes in Reserve card for unlimited ER on replacing the card.
Still this loophole is active on Axis Atlas Credit Card
This is not at all recommended to be practiced by anyone, unless someone looking for short term gains.
The main beneficiaries in this hack were those who closed their reserve before today's announcement as they had zero liability even after utilising all the points.
I will not recommend any one to opt this strategy but since it's a closed group, thought of sharing it for informational purposes.

Curious to know, how this loophole was discovered, accidentally or insider information?

 

[thanix]

Those who used the loophole and used up points for transfer to partners and in negative points balance, can still offer Axis at 0.2p rate cash in statement 😁 of axis accepts it will be one of the cheapest air miles purchase.

 

[D7162]

Is this loophole was for magnus as well ?? I read somewhere that people were getting multiple tata cliq vouchers - was it due to block and replace?

 

[Ankur dhanda]

Is this loophole was for magnus as well ?? I read somewhere that people were getting multiple tata cliq vouchers - was it due to block and replace?

Wasn’t valid for Magnus.
I had closed the card in Dec for real fraudulent transaction prevention as the card was lost but didn’t get another Tata cliq voucher on receiving new replacement card.

 

[D7162]

Wasn’t valid for Magnus.
I had closed the card in Dec for real fraudulent transaction prevention as the card was lost but didn’t get another Tata cliq voucher on receiving new replacement card.

Have you tried checking thriwe link ??

 

[alphamagnus]

There is no point to spend time on such measures. Getting legally sued can affect a lot of stuff such as VISA issuances for travel abroad. For information purposes its fine. I have a gut feeling they are figuring out what they can do: most likely debit cash from your account at a very high rate (SBI does at 1/point though valued at much less at 0.25/point). Or you can challenge and get legally sued. The risk/reward for Reserve was higher. I don’t feel the same for Atlas tbh. I didn’t do either😂

 

[Ankur dhanda]

Have you tried checking thriwe link ??

Yes I did and logged in thriwe in Dec to just check, but was only showing the old voucher which was already claimed by me.

 

[RewardsAlert]

Is this loophole was for magnus as well ?? I read somewhere that people were getting multiple tata cliq vouchers - was it due to block and replace?

Can you share a screenshot or link for that reference, because it may be a bit hard to believe.
Please don't take it otherwise.
Just for the sake of knowledge purposes.
😇

 

[D7162]

Can you share a screenshot or link for that reference, because it may be a bit hard to believe.
Please don't take it otherwise.
Just for the sake of knowledge purposes.
😇

I read somewhere here.. have to re read all posts so will share if I find it again. But in that also it wasnt mentioned that user has replaced card - only someone commented that you need to check thrive link regularly as few people received multiple vouchers

 

[ADITYA1904]

I think those who closed their accounts or credit cards may still not be safe. Banks could reopen the card and put out a negative credit which will need to paid by users. It all depends on how Axis bank would like to take this case further, with a strong legal team its not impossible tbh.

Right bank will take their money anyhow…their terms and conditions are very stringent and made by high profile advocates considering all possible scenarios…

 

[RewardsAlert]

I read somewhere here.. have to re read all posts so will share if I find it again. But in that also it wasnt mentioned that user has replaced card - only someone commented that you need to check thrive link regularly as few people received multiple vouchers

Thanks, I think it's sufficient for this particular scenario.

Apparently I don't think anyone here would even wish to try that trick with their Lucky charm Magnus. 😉

 

[RewardsAlert]

Post in thread 'Closing my relationship with axis bank' https://www.technofino.in/community/threads/closing-my-relationship-with-axis-bank.11820


Request you all to please go through this post by Technofino

 

[Deleted member 9785]

Thread 'Axis Bank Reserve credit card loophole patched - negative EDGE points balance' https://www.technofino.in/community...e-patched-negative-edge-points-balance.12226/



As all of us have seen this post and got the update of Axis Bank fixing the loopholes in Reserve card for unlimited ER on replacing the card.
Still this loophole is active on Axis Atlas Credit Card
This is not at all recommended to be practiced by anyone, unless someone looking for short term gains.
The main beneficiaries in this hack were those who closed their reserve before today's announcement as they had zero liability even after utilising all the points.
I will not recommend any one to opt this strategy but since it's a closed group, thought of sharing it for informational purposes.


Post in thread 'Closing my relationship with axis bank' https://www.technofino.in/community/threads/closing-my-relationship-with-axis-bank.11820/post-205124

Banks have very powerful legal teams. You never know they may go legally after people who closed cards earlier too