Axis Bank has temporarily halted all reward redemptions on the Axis Atlas credit card. This decision comes as numerous cardholders, who had utilised their Atlas credit cards for travel expenses, are now required to furnish invoices proving that their trips were for leisure rather than business purposes.
Several cardholders received emails from the private lender, urging them to furnish details of their travel transactions from November 1, 2023, to February 29, 2024.
Customers who have used their cards for commercial expenses or manufactured spending to accrue points are now subject to scrutiny.
Axis Bank has provided a 30-day notice period for affected customers to gather evidence proving the personal nature of their spending.
Upon submission, their points will be reinstated.
Regarding the Axis Bank Atlas credit card, it is one of the air miles credit cards in India.
These EDGE Miles can be redeemed across 10+ airlines and 3 hotel loyalty programs. The card also features unique tier-based advantages, enhancing its travel benefits.
With an annual fee of ₹5,000, the card is suited for travel enthusiasts, requiring a minimum annual income of ₹9 lakh for salaried individuals and ₹12 lakh for self-employed individuals.
Upon successful completion of three transactions within 30 days from card activation, cardholders can receive a welcome benefit of 5,000 EDGE Miles.
(Edited by : Amrita)
First Published: Mar 13, 2024 1:15 PM IST
Omprakash Tiwary is a business writer who delves into the intricacies of the corporate world. With a focus on finance and economic landscape. He offers readers valuable insights into market trends, entrepreneurship, and economic developments.
