Sad News Axis Bank credit cards devaluation w.e.f. 20th December 2024

[Bapun]

Axis Bank credit cards devaluation w.e.f. 20th December 2024

Airtel Axis Bank CC:

Axis Ace CC:

Flipkart Axis Bank CC:

 

[Esmail]

These are all cards with direct cashback which automatically gets credited into the statement and adjusted against the upcoming month's bill. The devaluation for cards which have Edge rewards is even worse

Reward Redemption Fee:​

• A reward redemption fee of Rs. 99 will be levied for each redemption transaction of EDGE REWARD points or EDGE Miles on the EDGE portal.
• A fee of Rs. 199 will be levied for each instance of conversion/transfer of EDGE REWARD points or EDGE Miles to other miles partner loyalty programs.

 

[Advik]

Good thing is that still we will get 25% cashback on airtel recharge.

 

[Msingh]

These are all cards with direct cashback which automatically gets credited into the statement and adjusted against the upcoming month's bill. The devaluation for cards which have Edge rewards is even worse

Reward Redemption Fee:​

• A reward redemption fee of Rs. 99 will be levied for each redemption transaction of EDGE REWARD points or EDGE Miles on the EDGE portal.
• A fee of Rs. 199 will be levied for each instance of conversion/transfer of EDGE REWARD points or EDGE Miles to other miles partner loyalty programs.

Will close the reward card now.