Update: Axis bank has removed devaluation PDF notice for Reserve, Privilege & Select Card from their website.
As of now, devaluation is only applicable on the Axis Bank Flipkart credit card.
Axis Bank has recently devalued some of its credit cards. Cards including Axis Bank Privilege, Axis bank reserve credit Card, Axis bank select, Axis Bank Flipkart Credit Card and my zone card will now provide lesser rewards and benefits. Watch this video wherein we explain Why Do Banks Devalue Credit Cards?
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