2026, the year of credit card devaluations: Axis Magnus

As predicted, 2026 is turning out to be the Year of #CreditCard #Devaluations!
The latest card to join the list is #AxisBank #Magnus for Burgundy.

Some of the changes include:
- No reward points on Gift Voucher purchases.
- Gift Voucher spends won't count towards fee waiver thresholds.
- No reward points on Fastag and Toll payments.
- DCC markup increased from 1.5% to 2%.
- Priority Pass can no longer be used for domestic lounge access.

And it's not just Axis.
We've already seen changes across #HDFCInfinia, #ICICIEmeralde, #HSBCPremier and others! Even #Amex devalued their cards!

One of the major reasons is that too many people became smart!

For years, credit card rewards worked because only a small percentage of customers maximized them.
Then came: #Finfluencers!
What was once a niche hobby became mainstream.

"When everyone learns the hack, it stops being a hack."
The bank eventually changes the rules, hurting everyone!

Which is why I've always maintained:
Nobody becomes rich because of credit card #Rewards, except for finfluencers.
Secret - Their earnings are fueled by Rs 99 masterclasses and not really by Credit Cards!

#MoneyMinusNoise
Use Credit Cards for convenience and some perks, but not as a shortcut to becoming #Rich!

What's one credit card benefit you'll genuinely miss if banks keep devaluing cards at this pace?
For me, it would be BOGO on Movie tickets!

And if you're trying to make better decisions around #CreditCards, #taxes, #Investing, or #FinancialIndependence, feel free to connect or send me a message. Sometimes the biggest gains come from focusing on the right problem, not the latest hack.