Indian Oil Axis Bank Credit Card Devaluation

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Indian Oil Axis Bank Credit Card Devaluation

Just received an email regarding revisions on Indian Oil Axis Bank Credit card w.e.f. 20 April  2024

While you continue to make the most of your INDIANOIL AXIS BANK Credit Card, we would like to update you regarding a few changes to the features on your credit card, effective 20th April 2024:
9958407ar1 Welcome benefit of up to Rs. 250 cashback has been revised to up to 1250 EDGE REWARD Points (worth up to Rs. 250) on first fuel transaction within 30 days of card issuance.
9958407ar1 The eligible transaction range to enjoy 4% value back on IndianOil fuel spends has been revised from Rs. 100 – Rs. 5000 to Rs. 400 – Rs. 4000. Maximum EDGE REWARD Points that can be earned on fuel spends in a card statement month is 1000.
Arrow The eligible transaction range for 1% fuel surcharge waiver has been revised from Rs. 200 – Rs. 5000 to Rs. 400 – Rs. 4000.
Arrow The criteria for spend based annual fee waiver has been revised from eligible spends of Rs. 50,000 to Rs. 3,50,000 in a card anniversary year. Spends on rent, wallet loading, insurance, EMI, cash withdrawals and reversals will not be considered.
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Maybe axis matching to citi offerings😬

Deal's Advocate Deal's Advocate
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Check it out ->👇🏼

This is bound to happen

👆🏼

Who knows what future holds But for now credit card pandemic is gripping India


👳

Deal Subedar Deal Subedar
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Worst part is the last one, they changed from 50K to 3.5L.

Deal Newbie Deal Newbie
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