• Hey there! Welcome to TFC! View fewer ads on the website just by signing up on TF Community.

Axis Reserve Breaking news - Reserve Devaluation Official (but slightly better than before)

Apply For Lifetime Free IDFC First Credit Card
Sort by date Sort by votes
I have received the same information from bank via sms. It seems there are lot of changes related to edge points and priority pass acceptance in domestic lounges.

Also price of the card increased for new members. This is a bummer with this many changes.
 
Upvote 0 Downvote
The only good thing is that 5:4 miles transfer program will continue for Burgundy customers who actively maintain the balance required. That's a huge save at least in the near term. But for me, inclusion of government transactions in this is a huge bummer. Will need to take another card from September for government transactions.
 
Upvote 0 Downvote
bothrag said:
Yes received the same. Monthly milestone withdrawn and replaced with 35 edge point per 200 beyond 1.5 lakh spend per month. Hardly a replacement. Miles transfer ratio halved from 5:4 to 5:2. Renewal rewards withdrawn. All in all time to move spends back to Infinia.
Click to expand...
Renewal benefit withdrawal is a big bummer now.. Its a loss of 10k plus gst.
I think it wont be a good idea to keep the card at 10k+gst without renewal benefit.
 
Upvote 0 Downvote
@sid16 where is it saying that the point ratio is 5:2 effective from today only? They are saying that you can contact us to open the burgundy account after 1Sept to keep the point ratio 5:4.
I hope someone can clear this part who has a better understanding than us.
 
Upvote 0 Downvote
So the whole burgundy deal seems okayish if you have Reserve, given 2X on international spends and 6% on normal spends, 5:4 will get you pretty decent returns. At 10L min balance or 3L salary account its fine.
But for magnus its useless and big price to pay at 3% savings account returns
 
Upvote 0 Downvote
They killed Reserve, chopped it up into a barrel, filled it with concrete and dropped it in the bottom of the indian ocean. Magnus didn't get such disrespect.
I'd have gotten reserve just for 5:4 even without the milestone. But now it's beyond gone.
 
Upvote 0 Downvote
The sad thing is that I have already spent 12 in 6 months through Magnus and they are not respecting customers like us. I don't have any prestige or infinia or DBC.
I tried to apply for infinite and they straight away rejected my application even though my ITR is good and spending is also good on my HDFC 6E card.
 
Upvote 0 Downvote
You must log in or register to reply here.

Similar threads

bugmenot
  • Question Question
Axis Magnus Magnus, Reserve & Other Axis Bank Credit Cards | Devaluation w.e.f. 1st Sep 2023.
Replies
8K
Views
699K
miles_guy
M
Back
Top