End of an Era: Axis Bank Credit Cards nix Accor, Marriott and Qatar Airways from transfer partner list with immediate effect

Axis Bank has been one of the most reliable banks for those who are very interested in hotel transfers to Accor ALL for a long while. As we warned months ago, the partnership is now terminated, and Axis Bank ended the transfer partnership, citing money as the reason.

Axis Bank shakes up transfer partnerships effective April 2, 2026

Axis Bank Credit Card members will wake up on April 2, 2026, seeing some of their favourite transfer partners gone. These include:

• Accor ALL
• Marriott Bonvoy
• Qatar Airways Avios

Accor ALL had become the favourite of a lot of people across India, who had started their relationship with Axis Bank during the times of the Axis Bank Magnus Credit Card, primarily because of the direct currency value assigned to the currency of Accor, which roughly came to INR 2 per point. Axis Bank was one of the largest buyers of ALL points globally, and the conversion was a hit. However, with the INR falling, costs were difficult for Axis Bank to absorb, and volumes were extremely high.

Of course, I’d warned you about this on X back in January 2026.

Wishwasniya sutro se pata laga hai ki sabka favourite conversion partner pe kulhari girne wali hai jald hi. Phir karte rehna valuation in alternative terms.

— Ajay Awtaney (@LiveFromALounge) January 30, 2026

But that is not the only change. A few other partners have seen their transfer ratios change. British Airways Avios, Finnair Avios, and Vietnam Airlines LotusMiles now see the following transfer ratio

• For Magnus for Burgundy Cardmembers, the conversion has changed from 5 ER: 4 Avios to 5 ER: 2 Avios
• For Reserve and Magnus Cardmembers, the conversion has changed from 5 ER: 2 Avios to 5 ER: 1 Avios
• For Olympus Cardmembers, the conversion has changed from 1 EM: 4 Avios to 1 EM: 2 Avios
• For Atlas, the conversion has changed from 1 EM: 2 Avios to 2 EM: 1 Avios
• For Horizon, the conversion has changed from 1 EM: 2 Avios to 2 EM: 1 Avios

Here is the updated transfer partner list with the ratios

And here is the classification list.

And before you start wondering how they could do this, this is not a core product feature, and hence the card issuer had the right to change it at any time they deemed fit. Which is what they did. The full T&C are enclosed here.

Of course, these changes put some other credit cards in a good book of Accor Paglus (to borrow from the current slang). These include HSBC Travel One and American Express.

Bottomline

The long-rumoured changes to the Axis Bank Transfer Partner list have been notified and executed. These include the deletion of Accor ALL and Marriott Bonvoy from the list, and a reduction in the conversions for Vietnam Airlines, British Airways and Finnair.

What do you make of these latest changes made at Axis Bank Credit Cards?

---

Liked our articles and our efforts? Please pay an amount you are comfortable with; an amount you believe is the fair price for the content you have consumed. Please enter an amount in the box below and click on the button to pay; you can use Netbanking, Debit/Credit Cards, UPI, QR codes, or any Wallet to pay. Every contribution helps cover the cost of the content generated for your benefit.

(Important: to receive confirmation and details of your transaction, please enter a valid email address in the pop-up form that will appear after you click the ‘Pay Now’ button. For international transactions, use Paypal to process the transaction.)

We are not putting our articles behind any paywall where you are asked to pay before you read an article. We are asking you to pay after you have read the article if you are satisfied with the quality and our efforts.