Credit card devaluation – what banks give, they can take away too | Simply Save

There’s been much buzz on social media around Axis Magnus credit card which is supposedly going to be devalued. There has been no official confirmation from Axis Bank so far. In the meanwhile, in a conversation with Moneycontrol, Kashif Ansari, an Assistant Professor of Finance at O P Jindal Global University, talks about what is credit card devaluation and what bank customers can do about it.