Axis Bank Credit Cards Devalued: Atlas, Magnus, Ace, and many more!

The list includes Atlas, Magnus, Magnus Burgundy, Burgundy Private, Ace, Reserve, Airtel, Flipkart, Vistara, Vistara Infinite, Select, and Privilege.

by FighterMan Updated: 23 Mar, 2024, 10:48 IST
19 5605

As the new financial year 2024-25 is nearing, Axis Bank announced devaluation (reducing or deleting benefits/rewards) on almost all of Axis Credit card variants yesterday (19th March 2024) to ensure it stays strong financially. The list includes Atlas, Magnus, Magnus Burgundy, Burgundy Private, Ace, Reserve, Airtel, Flipkart, Vistara, Vistara Infinite, Select, and Privilege. This Axis Cards Devaluation will be effective from 20th April 2024.

Axis Bank Credit card devaluation 2024

From the past 2 years, Axis has been on top in the credit cards department because of its higher rewards and unmatchable services. However, with this devaluation, things are about to change! Even the Atlas card is devalued now which was saved last year!

Top Devaluations on Axis Bank Credit Cards 2024-25
  • No Buy 1 Get 1 Free on Movie Tickets via BookMyShow Coupons

  • Mileage Transfer will now not be easy with introduction of 2 transfer partner categories varying in conversion capping throughout the calendar year.

  • More restrictions on reward point earnings with exclusion on fuel, gold, jewelry, and many more categories

  • Selected MCC codes for earning points and milestone spends

  • Capping of accelerated rewards on travel and other spends

  • Some cards will discontinue the annual renewal benefits while others will lower them down.

List of Axis Cards Devalued with effect from 20th April 2024

This list also includes Magnus, Magnus Burgundy, Burgundy Private, Reserve, Vistara, Vistara Infinite, and Privilege.

Now with Axis cards devalued, users are looking for alternatives (Credit Card offers) from HDFC, SBI, AMEX, ICICI and other NBFCs for better credit card benefits.

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FighterMan aka Sahil Hitesh Ajmera is a 4+ Years Experienced Content Writer with 1.2M+ User Sessions, 486.41% max growth, and 1000+ Articles across Best Products, OTT, Telecom, Online Shopping, Finance, Credit Cards, Saving Tips, Deals & Offers, more!
Top Comments
Benevolent Benevolent
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#BoycottAx$h!t

Flame Flame
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Don't get me wrong but a good move for lounge access, now one can hope to get a place to sit.

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Deal Newbie Deal Newbie
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Yes correct

Benevolent Benevolent
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#BoycottAx$h!t

Deal Cadet Deal Cadet
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Kis kis ko boycott karoge

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Deal Newbie Deal Newbie
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indian oil axis card also
Flame Flame
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Don't get me wrong but a good move for lounge access, now one can hope to get a place to sit.

Deal Cadet Deal Cadet
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expressionless
Beacon Beacon
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Screenshot2024-03-20-20-00-28-722com.google.android.gm-edit

Beacon Beacon
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Accounts also devalued 

Post Emperor Post Emperor
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Going to promote citi cards variant as their new baby
Deal Cadet Deal Cadet
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So which citi cards you are guessing ? 
Deal Cadet Deal Cadet
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Thought of applying ace for offline spends
Community Angel Community Angel
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They should have made rewards cafback zero and apply transaction charges for every transaction 

Deal Newbie Deal Newbie
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Mood off even airtel axis devaluation
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