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Axis Magnus Magnus, Reserve & Other Axis Bank Credit Cards | Devaluation w.e.f. 1st Sep 2023.

bugmenot

TF Legend
-- Edited Post --

Final Update

Official PDFs are now out
Magnus - https://www.axisbank.com/docs/default-source/default-document-library/credit-cards/mgtc.pdf


Reserve - https://www.axisbank.com/docs/default-source/default-document-library/credit-cards/rstc.pdf

Revision of Axis Bank Miles/Rewards Transfer Program - https://www.axisbank.com/docs/defau...les-rewards-transfer-terms-and-conditions.pdf



Update: 2nd August

MyZone - https://www.axisbank.com/docs/default-source/default-document-library/credit-cards/mztc.pdf
Privilege - https://www.axisbank.com/docs/default-source/default-document-library/credit-cards/pvtc.pdf
Select - https://www.axisbank.com/docs/default-source/default-document-library/credit-cards/sltc.pdf
Ace - https://www.axisbank.com/docs/default-source/default-document-library/credit-cards/actc.pdf



Magnus devaluation highlights
  1. Revision in welcome benefits, which are more or less matching with the leaked screenshots
  2. Change in annual fee - ₹12,500 + GST
  3. No more renewal benefit
  4. Spend criteria for fee waiver is now double - 25L
  5. Exclusion of government institutions and utilities MCCs for earning ERs
  6. RIP 25,000ER/1L milestone benefit
  7. Revised transfer ratio of 5:2
  8. 5L ER points cap for transfer
  9. Burgundy account scheme
Reserve devaluation highlights
  1. Spend criteria for fee waiver is revised to 35L
  2. Exclusion of government institutions and utilities MCCs for earning ERs
  3. Revised transfer ratio of 5:2
  4. 5L ER points cap for transfer
  5. Burgundy private account scheme


Aap Chronology Samajiye
  • 📄 Few leaked screenshots of PDF started floating for Magnus and Reserve having potential devaulation
  • 🐦Few folks on Twitter acknowledged the upcoming devaulation by contacting their RMs or insiders from CC department
  • 🎧 Customer Care team were like "Whot Daa Phaak" is going on. They were unaware about these news, some were saying yes and some no
  • 😡 Outrage | Speculation | Twitter Space | Points Transfer Tricks
  • ✋ Then rumour mills started about devaulation being on hold
  • 🔗 Official links of devaulation PDF started popping but "Darling of Cards" was missing
  • 🔌 Axis pulled the plug and links started showing "404 - Not Found" except for unlucky Flipkart card
  • 💣 BOMB - Axis Gift Edge devaulation
  • 📩 Mass credit card cancellation and notice seeking clarification regarding commercial transactions
  • 📉 Official PDF of Magnus and Reserve released
  • 📉 Official PDF of MyZone, Privilege, Select and Ace released


1. Flipkart - https://axisbank.com/docs/default-s...flipkart-credit-card-terms-and-conditions.pdf

Below given links are not opening now as they have been removed. You may check attached PDFs.

2. Reserve - https://axisbank.com/docs/default-s...-reserve-credit-card-terms-and-conditions.pdf
3. Select - https://axisbank.com/docs/default-s...k-select-credit-card-terms-and-conditions.pdf
4. Privilege - https://axisbank.com/docs/default-s...rivilege-credit-card-terms-and-conditions.pdf
5. MyZone - https://www.axisbank.com/docs/defau...-my-zone-credit-card-terms-and-conditions.pdf

By following the format, it is quite easy to create Magnus link, which could be https://axisbank.com/docs/default-source/default-document-library/credit-cards/axis-bank-magnus-credit-card-terms-and-conditions.pdf
 

Attachments

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you can keep MRCC as a companion card with Platinum Travel.Amex lets you keep 3 cards max.I have platinum charge,travel and MRCC with amex.these 3 works best as a combination.even if you don't need platinum charge.you can consider Platinum Travel and MRCC combo.
I will take a look at it. Thanks.
 
So looks like everyone is happy with AXIS Devaluation. I used to see 10 pages per day, now I hardly see 15 to 20 comments a day 😕 Can someone please enlighten me with next steps? Cancel or hold? I go the card in June , so no benefits availed except for 10K coupon 🙁 Sorry, if this was already discussed...
 
I didn't know insurance can be paid using Amazon Pay - thanks for the tip

I have SC Ultimate, but what I'm thinking is this - Magnus would still give you points on Insurance payments; so if you can use it for even moderate travel, the 6L spend you'll do will fetch 36000 ER points worth about 30k in Vistara tickets (2 BLR-DEL economy return tickets); that's 5%. You have choise of other airlines of course and so real value may be only 4%, but definitely better than SC Ultimate.

If you buy Amazon Pay from Magnus-Gyftr, the above doubles. I'm not sure what is the rate with DCP.


By the way - if you move all your expenses to DCP and spend over 7lakhs on it in 6 months, your HDFC RM can get you Infinia
Infinia ltf or paid
 
I have Magnus, wife has Infinia LTF. Have decided to dump magnus before turning 1 year. I have never explored Amex cards.

Should we shift back to our previous way of Infinia spending or is there any reason for me to invest time in Amex world? Yearly spend might be around 10L with decent amount of flight spending.

I also plan on getting DCB LTF through Alumni program so that I still have good domestic/international lounge access. (not sure if DCB can compensate the lack of Priority Pass, please comment?)
 
I have Magnus, wife has Infinia LTF. Have decided to dump magnus before turning 1 year. I have never explored Amex cards.

Should we shift back to our previous way of Infinia spending or is there any reason for me to invest time in Amex world? Yearly spend might be around 10L with decent amount of flight spending.
I am planning for Amex Plat + Gold combo.
 
I have Magnus, wife has Infinia LTF. Have decided to dump magnus before turning 1 year. I have never explored Amex cards.

Should we shift back to our previous way of Infinia spending or is there any reason for me to invest time in Amex world? Yearly spend might be around 10L with decent amount of flight spending.

I also plan on getting DCB LTF through Alumni program so that I still have good domestic/international lounge access. (not sure if DCB can compensate the lack of Priority Pass, please comment?)
Dcb has embedded pp, that can be used via app.
 
I don’t think you will get the 10k voucher for meeting 15lakhs spend. People may get voucher if the renewal is before Sept01.

I think you should still hit 1 lakh milestone in august if you can. monthly millstone 25k is still worth 10k miles. That of 10% of additional returns.
Thanks!...Yeah - but that Aug milestone will only come after 90 days and the renewal will fall due before that..I am anyways planning to dump Magnus given that my spouse also has it...no point in having 2 cards from same household without 5:4 or 25k...
 
Thanks!...Yeah - but that Aug milestone will only come after 90 days and the renewal will fall due before that..I am anyways planning to dump Magnus given that my spouse also has it...no point in having 2 cards from same household without 5:4 or 25k...

Oh even I didn’t notice this. For July they said they will give by 10th Aug. But yeah August milestone they will give only post 90 days I believe, which means end of November. This might change mind of few folks closing the card before that, if their renewal was between Sept - Nov.
 
Light or not use it -
1. It just saves you so much time, I used it twice with family and omg we just breezed through everything. No waiting anywhere
2. It's fun, you feel like an important person.
3. It's free so why not.
With family I can imagine it being useful, and would have used it.

But our family hasn't travelled in a while


And old folks in the family can't get it unless I travel with them.

If they made it so that I could have family members use it without me, that would be great
 
My Card annv. is in Oct 2023. So far in the current card year I have hit about 13L of spend and can certainly close another 2L in the month of Aug to reach 15L milestone for fee waiver.

My question is - will I still get the 10K Cliq voucher if the 15L is hit ahead of 01 Sep deadline?...any thoughts?..If thats not the case, I will rather cancel the card after getting all pending milestone benefits for May, June and Jul...
I thought you wouldn't have gotten the voucher on free renewal even earlier. Voucher was there only for paid renewal. Looks like that wasn't true.

Anyway, now it is not there even for paid renewal
 
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You wouldn't have gotten the voucher on free renewal even earlier. Voucher was there only for paid renewal

Now it is not there even for paid renewal
Even those who received the card as a LTF offer got the welcome vouchers, and if someone completed the 15L milestone, they were also eligible for and received the vouchers.

But you are correct about one thing: no one is going to get it earlier. Everyone has to wait for their card anniversary.
 
I have Magnus, wife has Infinia LTF. Have decided to dump magnus before turning 1 year. I have never explored Amex cards.

Should we shift back to our previous way of Infinia spending or is there any reason for me to invest time in Amex world? Yearly spend might be around 10L with decent amount of flight spending.

I also plan on getting DCB LTF through Alumni program so that I still have good domestic/international lounge access. (not sure if DCB can compensate the lack of Priority Pass, please comment?)
I will not speak about the rewards , valueback etc sort of stuff.I know that the core of any credit card. But one thing which is often talked very less or ignored is customer satisfaction.

I guess Amex hits all high scores here. The way they treat us is impresive. They solve queries instantly. Chat support is also very good. All in all, you can sit back tension free if you are using Amex cards.

Acceptance is the biggest drawback of Amex. But if you can deal with that, I suggest you to try Amex for once.


P.S,- I hold Amex Platinum Travel
 
Even those who received the card as a LTF offer got the welcome vouchers, and if someone completed the 15L milestone, they were also eligible for and received the vouchers.

But you are correct about one thing: no one is going to get it earlier. Everyone has to wait for their card anniversary.
I will not speak about the rewards , valueback etc sort of stuff.I know that the core of any credit card. But one thing which is often talked very less or ignored is customer satisfaction.

I guess Amex hits all high scores here. The way they treat us is impresive. They solve queries instantly. Chat support is also very good. All in all, you can sit back tension free if you are using Amex cards.

Acceptance is the biggest drawback of Amex. But if you can deal with that, I suggest you to try Amex for once.


P.S,- I hold Amex Platinum Travel
Corrected my post
 
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