Citi-Axis Credit Cards Migration: What changes will be implemented on credit card transactions post migration?

Axis Bank has informed customers that the migration of all relationships, including credit cards, will be finalized by July 15, 2024. According to the bank's FAQ segment, they will keep customers informed of any changes to this timeline. Post-migration completion on July 15, 2024, customers can begin enjoying the benefits of their new Axis Bank cards, which will replace their existing Citi-branded cards.

The Citi-branded cards will continue to function seamlessly until customers receive their new Axis Bank cards, expected to arrive within a few months after the migration. Axis Bank assures customers that more details will be shared in due course.

Axis Bank has said that to ensure a smooth transition, it is going to ensure minimal changes in the way customers use their credit card. The following table has details on what changes and what remains the same on your card(s) post migration date:

Axis Bank has clarified that following the migration, customers will benefit from a combined total credit limit across all their existing Citibranded Credit Cards and new Axis Bank Credit Cards. However, if customers hold a Fixed Deposit backed credit card with Axis Bank, the limit for the Fixed Deposit backed card will remain separate and will not contribute to the aggregate limit available on unsecured cards.

Additionally, for customers with existing e-NACH mandates for card repayments, Axis Bank will ensure timely presentation to their bank three days prior to the payment due date (PDD), ensuring seamless credit to their credit card account. Axis Bank advises that customers stay updated with further communication for more details on these processes.