Airtel Axis Credit Card devaluation: Difference between revisions
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{{IncidentCargo | {{IncidentCargo | ||
|Company=Axis Bank | |Company=Axis Bank | ||
|StartDate=2026 | |StartDate=10 Mar 2026 | ||
|EndDate= | |||
|Status=Active | |Status=Active | ||
|ProductLine=Credit Card | |ProductLine=Credit Card | ||
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|Website=https://www.axis.bank.in/ | |Website=https://www.axis.bank.in/ | ||
}} | }} | ||
Airtel Axis Credit card has been | |||
'''Airtel Axis Credit''' card has been ''devalued effective 12 April 2026''. | |||
==Background== | ==Background== | ||
Axis Bank had launched this credit card with an annual fee of Rs. 500 + GST, specifically to benefit Airtel service users, [https://www.axis.bank.in/cards/credit-card/airtel-axis-bank-credit-card Product details] | Axis Bank had launched this credit card with an annual fee of Rs. 500 + GST, specifically to benefit Airtel service users, [https://www.axis.bank.in/cards/credit-card/airtel-axis-bank-credit-card Product details] | ||
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==Incident== | ==Incident== | ||
On | On 10 March 2026, the company has updated terms: [https://www.axis.bank.in/docs/default-source/default-document-library/terms-and-conditions-for-airtel-cbcc-cvp.pdf Revision of AIRTEL AXIS BANK CREDIT CARD Terms and Conditions]. Which totally voided the cards benefits. Though the website as of today 13-03-2026 still is marketing it on the basis of the old benefits. | ||
The company has a clever way of portraying that the changes are a kind of revaluation, and the customers will benefit more. Which is clearly not the case, as the benefits are "[[Pay-walling|paywalled]]" behind the 1% spends category. | The company has a clever way of portraying that the changes are a kind of revaluation, and the customers will benefit more. Which is clearly not the case, as the benefits are "[[Pay-walling|paywalled]]" behind the 1% spends category. | ||
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==Consumer response== | ==Consumer response== | ||
[https:// | [https://old.reddit.com/r/CreditCardsIndia/comments/1rpplp7/airtel_axis_devalued_now_only_1_spend_basis/ Reddit discussion] - Customers are furious with the move and many have already started closing the card, as their renewal dates are due soon. | ||
== See also == | == See also == | ||