Axis Bank Credit Cards Devalued: Atlas, Magnus, Ace, and many more!
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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.
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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.
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!
No Free Meet & Greet services
Now there is a minimum spend requirement for free lounge access, even for premium cards.
No Free Concierge Services
No Free Airport Transfers
Lower discounts via Swiggy Coupon Codes, BigBasket coupons, etc.
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.
This list also includes Magnus, Magnus Burgundy, Burgundy Private, Reserve, Vistara, Vistara Infinite, and Privilege.
- Axis Atlas Card Devaluation 2024
- Axis Bank Magnus Credit Card Devaluation 2024
- Axis Flipkart Card Devaluation 2024
- Axis Ace Card Devaluation 2024
- Axis Airtel Card Devaluation 2024
- Axis Select Card Devaluation 2024
- Axis Indian Oil Card Devaluation 2024
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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#BoycottAx$h!t
Kis kis ko boycott karoge
They should have made rewards cafback zero and apply transaction charges for every transaction
#BoycottAx$h!t
Don't get me wrong but a good move for lounge access, now one can hope to get a place to sit.