Axis Atlas Credit Card Detailed Review 2024 Post Devaluation

Summary

This video discusses recent changes to the Atlas credit card, detailing its tier-based system—Silver, Gold, and Platinum—and the spending requirements for upgrades. It highlights benefits such as welcome miles, lifestyle perks like lounge access, and alterations to reward structures effective from April 28, 2024. Significant changes include the exclusion of certain spend categories from tier evaluations and modified redemption rules. The video emphasizes the importance of understanding these features and offers insights for potential cardholders on maximizing benefits, ultimately rating the card for those knowledgeable about credit and rewards systems.

Takeaways

• 😀 The Atlas card has a tier-based system: Silver, Gold, and Platinum, based on annual spending.
• 💳 Spending ₹7.5 lakhs in a year upgrades you from Silver to Gold, while ₹1 lakh upgrades you to Platinum.
• 🔄 Tiers are reviewed annually; spending below the required threshold may result in downgrades.
• 🚫 Rent payments, wallet loads, and certain government and utility expenses will not count towards tier evaluations after April 28, 2024.
• 🎉 The joining fee is ₹5,000, with varying welcome and renewal benefits based on tier status.
• 🏖️ Cardholders earn 2 reward miles for every ₹1 spent, with 5 miles for travel-related expenses.
• 🚫 As of April 28, 2024, spending on certain categories like gold, jewelry, and fuel will not earn rewards.
• 🛫 Lounge access varies by tier, with Platinum members receiving the most visits per year.
• 🏢 Complimentary airport meet-and-greet services have been removed from Gold and Platinum tiers starting April 28, 2024.
• 📉 The card is recommended for users who understand the intricacies of rewards and travel partnerships, despite recent changes impacting returns.

Q & A

What are the three tiers of the Atlas card and how does one upgrade between them?

The three tiers of the Atlas card are Silver, Gold, and Platinum. To upgrade from Silver to Gold, a member must spend ₹7.5 lakh in a membership year. To reach Platinum, spending must be ₹1 lakh within the same period.

What happens to a cardholder's tier status if they do not meet the spending requirement in the next membership year?

If a cardholder does not meet the spending requirements, they will be downgraded to the previous tier for the next membership year.

Are rent payments included in the tier evaluation for the Atlas card?

No, rent payments and wallet loads are not considered for tier evaluation.

What are the welcome and renewal benefits associated with the Atlas card?

The welcome benefit includes 5,000 airline miles after the first transaction within 30 days of card issuance. Renewal benefits vary by tier: Silver offers no miles, Gold offers 2,500 miles, and Platinum offers 5,000 miles.

What lifestyle benefits are offered to Atlas cardholders?

Lifestyle benefits include discounts at restaurants, airport lounge access, and airport meet and greet services, with varying allowances depending on the tier.

What is the discount provided through the eDare service with the Atlas card?

Cardholders receive a discount of up to ₹800 through the eDare service when spending a minimum of ₹2,500.

How many complimentary lounge visits are allowed for each tier?

Silver tier members receive 8 domestic visits, Gold members receive 12 domestic and 6 international visits, while Platinum members receive 18 domestic and 12 international visits.

What changes were announced regarding the airport meet and greet service?

As of April 28, 2024, the airport meet and greet service will no longer be available for Gold and Platinum tier members.

What changes have been made to the reward structure for travel spending?

From April 20, 2024, Gold and Jewelry spend, as well as government payments, insurance, fuel, and utility bills, will not earn rewards. Travel spending earns 5 miles per ₹1, limited to ₹1 lakh in a month.

What are the restrictions on transferring airline miles?

Starting April 20, 2024, cardholders can transfer a maximum of 5 lakh airline miles per calendar year, with specific limits on transfers to travel partners based on their categorization.