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

[bugmenot]

-- 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

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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

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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

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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

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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

 

[mojo_jojo123]

Bro don’t look for benefit look into where u like to utilize Hotel or airline miles.
Only for benefit it’s btr to transfer to Accor. U will get directly 1.8Rs per point.
But I recommend for airlines miles, as its best option for last minute travel plans especially for international travel, if considering the flight tickets cost for travel at last minute some times u get even a valuation of Rs 1 or even .80 it’s btr than buying flight tickets at higher cost.

N sorry I can’t comment on hotels points game as I prefer miles game as I am ok to stay at AIR BNB as we’ll for my travel not in to 5 star Hotel n stuff for time being.😉

which airlines do you recommend to transfer to ?

 

[neogen]

Hi, is Atlas a better card now. Do we get edge miles on insurance txns greater than 5000.

If they continue 5:4 ratio for burgundy, then which card is better. Atlas or Magnus

Magnus.

Atlas is only and only good if you plan to use for only and only travel, direct hotel/flight bookings

 

[creditcardnub]

Magnus.

Atlas is only and only good if you plan to use for only and only travel, direct hotel/flight bookings

Hi , I donot have any upcoming travel plans year( already visited Singapore this march)
I am looking to sell some of my edge regards point at 80p .
pls dm me if anyone wanna buy

 

[Deleted member 11974]

no

Hi , I donot have any upcoming travel plans year( already visited Singapore this march)
I am looking to sell some of my edge regards point at 80p .
pls dm me if anyone wanna buy

body will buy at 80 p because transferring it to ffp is at the same rate
i remmebr someone interested in buyint at 70p if i am not wrong

 

[Deleted member 11974]

@typhoon

Hi , I donot have any upcoming travel plans year( already visited Singapore this march)
I am looking to sell some of my edge regards point at 80p .
pls dm me if anyone wanna buy

 

[SSMV]

I have 30k points if anyone interested to buy can DM me

 

[004archit]

Is it safe to transfer the point on vistara airline as we not know what will happen next year?

 

[rogerthat]

You're correct.

The rule is that you can only transfer to your own accounts. From others cards I have the name must match and sometimes even other details such as email id.

But Axis or whoever manages transfers, doesn't. I haven't heard of anyone trying lately as they seem to be more careful and thorough lately. Instant transfers aren't instant anymore and seems like they're scrutinizing before letting them through.

But as per TnC of most of these loyalty programs and Axis, it is NOT allowed.

There's a risk of losing your points and getting these accounts suspended.

Yes, but then how are people selling their points?

Also, I've only read of requests for selling/buying points, yet to hear of anyone who has successfully did so.

 

[Deleted member 11974]

Is it safe to transfer the point on vistara airline as we not know what will happen next year?

yes

 

[Deleted member 11974]

Yes, but then how are people selling their points?

Also, I've only read of requests for selling/buying points, yet to hear of anyone who has successfully did so.

people have and can transfer points only on axis
axis allows you to add other frequent flyer program ids

 

[rogerthat]

people have and can transfer points only on axis
axis allows you to add other frequent flyer program ids

Even FF Ids that do not belong to you? Axis T&C says you can transfer points to only programs belonging to you. Don't want to attempt selling and lose my points/get my card blocked...

 

[Deleted member 11974]

Even FF Ids that do not belong to you? Axis T&C says you can transfer points to only programs belonging to you. Don't want to attempt selling and lose my points/get my card blocked...

you can
you are allowed to add other ids as well
thats how you are able to sell points

 

[Samrock90]

@typhoon

dm me the details

 

[Deleted member 11974]

dm me the details

get in touch with him he wanted to buy

 

[rogerthat]

you can
you are allowed to add other ids as well
thats how you are able to sell points

This is my whole doubt.... Point 5

 

[Deleted member 11974]

View attachment 26292
This is my whole doubt.... Point 5

well i dont know
people here are ready to buy based on the assumption on that they can add other membership id

 

[chasni]

View attachment 26292
This is my whole doubt.... Point 5

It is just a matter of taking risk.

 

[UKJ]

Hi , I donot have any upcoming travel plans year( already visited Singapore this march)
I am looking to sell some of my edge regards point at 80p .
pls dm me if anyone wanna buy

@UKJ

 

[vinrey287]

Any way to know how much we have spent on a card in annually? Apart from going through each monthly statement.

 

[mojo_jojo123]

how are ppl planning to complete this month milestone ? given that gyftr x is reduced heavily and PG+ RG is not allowed now