Airtel Axis Credit Card Devaluation from 20th Dec 2024? (Explained)
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Airtel Axis Credit Card Devaluation from 20th Dec 2024? (Explained)
Airtel Axis Credit Card devaluation is here! Effective from 20th December, 2024, Airtel Axis Cardholders will get to see some key changes.
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Airtel Axis Credit Card devaluation is here! Effective from 20th December, 2024, Airtel Axis Cardholders will get to see some key changes. But the major change that makes the Airtel Axis Credit Card devalued is the revision in cashback earned. As per the official document from Axis, Airtel Axis Credit Cards will not fetch cashback for new or inactive connections on hardware cost, installation charges, advance recharge or bill payment amount or any other amount. This statement has left many cardholders confused. Let’s discuss this upcoming Airtel Axis Card devaluation in more details below.
We recently shared news of the Flipkart Axis Credit Card Devaluation effective from 20th Dec, 2024 and right after it, it seems there’s another major bad news for Axis credit card cardholders.
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There are several changes in the Airtel Axis Credit Card fees, interest rate and more. But before anything else, let us address the elephant in the room i.e. Airtel Axis Credit Card devaluation of cashback from 20th Dec, 2024.
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Okay, this one is a little complicated to understand at first. So let’s start from the basics. Axis Bank in their official revision document for Airtel Axis card have mentioned the following:
“You can continue to enjoy 25% cashback on recharge or bill payments for active Airtel connections through the Airtel Thanks platform. However, payments (for hardware cost, installation charges, advance recharge, bill payment amount, or any other amount) made for new or inactive connections will not be eligible for the cashback.” - Airtel Axis Card
Existing Airtel Mobile, Broadband, WiFi and DTH bill payments will continue to earn 25% cashback up to ₹250 per month via Airtel Thanks App
New or inactive connections (made active after 20th December, 2024) will not earn 25% cashback on the payments mentioned below.
Payments excluded from 25% cashback for new & inactive Airtel connections include hardware costs (routers & modems), installation fee, advance recharge, bill payment amount or any other amount from 20th December.
Now, many cardholders after reading about this Airtel Axis Credit Card devaluation news have concerns if the Airtel Axis Card has stopped giving 25% cashback on recharges or bill payments for new Airtel users?
It’s a bit of a tricky point to understand and several cardholders have different theories on what this point means.
Here's what we think this could mean:
Existing users can continue to enjoy 25% cashback on recharge or bill payments for active Airtel connections through the Airtel Thanks platform
New or inactive connections will not earn any cashback on payments for hardware cost, installation charges, advance recharge, bill payment amount, or any other amount.
New, inactive, active connections all will still continue to earn 25% cashback on mobile recharges & monthly recharges such as DTH, Broadband, etc (except for the exclusions mentioned above)
Most if not all of these excluded payments used to earn cashback until now/previous to the devaluation
Author’s note:
Please note that the above mentioned is what I think the best that the new term means and I may be wrong in comprehending. Please do share your valuable opinions in the comments section below so that we can get some more insights on this point from the Airtel Axis Card Devaluation document.
Category |
Current Charges |
Revised Charges from 20th Dec, 2024 |
Finance/Interest Charges |
3.6% per month |
3.75% per month |
Cheque Return/Dishonour Fee or Auto Debit Reversal |
Rs. 450 (minimum), capped at Rs. 1,500 |
Rs. 500 (minimum), no maximum cap |
Cash Payment Fee |
Rs. 100 |
Rs. 175 |
Late Payment Charges (LPC) |
Rs. 500 (due Rs. 501–5,000) Rs. 750 (due Rs. 5,001–10,000) Rs. 1,200 (due > Rs. 10,000) |
Same as current structure |
Additional Charge for Non-payment of MAD |
Not applicable |
Rs. 100 per cycle if MAD is unpaid for two consecutive cycles (continues until MAD is cleared) |
Dynamic Currency Conversion (DCC) Fee |
1% |
1.5% |
Rent Surcharge |
1% (capped at Rs. 1,500 per transaction) |
1% (no maximum cap) |
So this was all about Airtel Axis Credit Card updates & changes from 20th December.
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I know the terms they have mentioned feels kinda vague. It took me a good amount of time to understand it myself.
Not a dumb question at all, dimer friend
As per their T&C, mobile recharges, DTH, Broadband, Wi-fi are all clubbed together for max 250 CB per month
source: https://www.axisbank.com/docs/default-source/de...
Hope this helps out. Do feel free to ask any other question if you may have.
Translation: Please share how may I help you?
Mark my words they will continue devaluation and Axis+chortel will stoop down to unimaginable lows
if i got Axis card and apply for new connection will i eligible for
1. cashback for new connection installation charges
2. cashback for upcoming bills
2. Yes, Mobile, Broadband, WiFi and DTH bill payments will continue to earn 25% cashback up to ₹250 per month via Airtel Thanks App
I have been trying to pay airtel prepaid and postpaid from the Airtel app for the last 10 days but it is not showing a 25% cashback offer.
For other bills, it is showing 10% offer but not for airtel recharge/bills
Applied Card and approved bcz already having 2 axis cards.
...
Now anyone can tell how to get cashback for installation??
They are giving 6 months plan in 3k, so i will get 250 cashback??
Still looks worthy.
Can't be regarded as devaluation at par.
🥂 For efforts.