Axis Bank will make changes to the benefits associated with its debit cards, effective from May 1, 2024. These modifications will impact users of the Burgundy, Delight, and Priority cards.
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Under the revamped guidelines, Burgundy debit cardholders will be required to conduct transactions amounting to at least ₹5,000 via their card in the three months preceding May to qualify for complimentary access to airport lounges.
Additionally, a 1% mark-up fee on dynamic currency conversion will be levied on Burgundy cardholders for international transactions, whether carried out on swipe machines or online platforms abroad.
Moreover, Burgundy cardholders will get benefits from the BookMyShow offer, entitling them to four tickets valued at ₹500 each and four tickets valued at ₹1,000 each per month.
For Priority cardholders, the majority of benefits will remain unaltered. However, adjustments have been made to the BookMyShow offer, with users now eligible for a 25% discount on tickets (up to ₹350) and a 20% discount on food and beverages (up to ₹60).
The Delight card, on the other hand, will no longer facilitate international transactions or offer BookMyShow benefits.
Additionally, Axis Bank has announced changes to its Magnus credit card from April 20, 2024. These revisions include adjustments to reward earnings, lounge access programmes, and annual fee waiver exclusions.
Spends on insurance, gold/jewellery, and fuel categories will no longer qualify for reward points. Benefits, including complimentary concierge services and airport meet and assist services, will be discontinued.
The lender will also make changes to the domestic airport lounge access programme, necessitating a minimum spend of ₹50,000 in the preceding three months for lounge access.
The number of complimentary guest visits for both domestic and international lounges will also be reduced from eight to four per calendar year.
