Axis Bank have introduced a few devaluations to its credit card portfolio effective 20th April 2024. Here is the summary:
- Meet & Greet services are essentially going away.
- Lounge access on the cards is connected with minimum spending, even on premium credit cards.
- Concierge Services offered by the bank will be going away.
- Airport Transfers are being discontinued.
- Discounting schemes such as Swiggy codes are being fine-tuned, while Book My Show discounts (Buy one, Get one free) on Movie tickets are disappearing.
- Mileage Transfer Features are being made even more complicated, with the transfer partners being categorised into two lists with different conversion caps through the calendar year.
- Axis Bank will also add more categories to the list of things that won’t count towards earning points, such as fuel and gold/jewellery. The Bank has also classified which MCC codes will be discounted for earning points and milestone spends.
8.Capping of accelerated rewards on travel spends on the Atlas. - They are downsizing the annual renewal benefits on Axis Atlas and taking them away on Reserve and other Credit Cards.
Here is a list of the cards where the effect will be seen:
Atlas View T&C
Magnus View T&C
Magnus for Burgundy View T&C
Privilege View T&C
Vistara Infinite View T&C
Select View T&C
Airtel View T&C
ACE View T&C
Flipkart View T&C
Indian Oil View T&C
Revison in domestic lounge access program View Details
Revision in Mile transfer program View Details