AXIS MASSIVE DEVALUATION W.E.F 20th Dec 2024

[Syedadilabbas]

Major Dev for AXIS MYZONE, AIRTEL,FLIPKART,INDIAN OIL, ACE and Rest other i think

 

[ChinmayG]

I don't See Devaluation in Airtel Axis credit card other than they increased fee for Interest rate, DCC, Rent & Gaming will attract 1% charge.
What are the major Devaluation do you see in those cards?

 

[krishna1718]

I don't See Devaluation in Airtel Axis credit card other than they increased fee for Interest rate, DCC, Rent & Gaming will attract 1% charge.
What are the major Devaluation do you see in those cards?

airtel new broadband or dth new connection charges will not get cashback, airtel router devices purchases wont get cashback

 

[ChinmayG]

Ohh that hurts...Just read the fine prints. I was planning for Airtel Broadband....Now I have to rethink.
Sharing new updates with all.

Effective 20th December 2024​

Interest charges will be revised to 3.75% per month. The auto debit reversal or cheque return fee will be 2% of the payment amount, with a minimum fee of INR 500 and no maximum cap on the fee. The fee for cash payments at branches will be revised to INR 175. The current late payment fee structure continues to apply. An additional INR 100 charge will be levied if the 'Minimum Amount Due (MAD)' is not paid for two consecutive cycles and will apply until the MAD is cleared. Dynamic Currency Conversion (DCC) markup will be revised to 1.5%. Rent transactions will incur a 1% transaction fee with the cap of INR 1,500 removed. A transaction fee of 1% will be applicable on education payments made via third-party apps. However, payments and transactions made directly through education institutional websites or their POS machines will not incur this fees. Cumulative spends exceeding INR 10,000 on wallet loads, INR 50,000 on fuel, INR 25,000 on utilities, and INR 10,000 on online skill-based gaming platforms within a statement period will attract a 1% transaction fee. 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 or bill payment amount or any other amount) made for new or inactive connections will not be eligible for the cashback.

 

[Syedadilabbas]

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 or bill payment amount or any other amount) made for new or inactive connections will not be eligible for the cashback.