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

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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!

Top Devaluations on Axis Bank Credit Cards 2024-25

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.

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.

FighterMan

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!