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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
 

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Atlas would be better ONLY if the airfare on Traveledge is much more than direct booking with the airline.
Because Magnus burgundy gives 24% return when booking flights on Traveledge.
This even beats HFDC Infinia hands down.
True, if the fare works its great.
But There are some airfares that you cannot book on Traveledge (e.g.: Many Singapore Air saver fares don't show up.) and the flexibility of cancellation is always better when booked directly with the Airline.
Even in hotels, Many room variations don't show up.
It's nice to have Burgundy + Magnus + Atlas.
Anyway, the Atlas joining and renewal fee is compensated with Edge miles.
 
To earn 1 lkh edge reward points

U need to spend 10 lakhs minimum and also swipe for flight bookings otherwise any spends in a year less than 10 lakhs is not feasible
It depends on Individual spending patterns. For someone who travels a lot. 3.5L of spends on TravelEdge is enough to get 1L points.

For someone who doesn't use the card on any accelerated spending or spend on things which don't give any points then even 10L is not enough.
 
i keep getting a login popup when i try to navigate to travel edge from axis mobile app. when i login it says user already logged in :| anyone else facing this issue?
 
Now it should have changed to 5:4.
No. I just spoke to Burgundy premium customer care and they said at the 5:4 ratio is only available on the brand new Burgundy Magnus card which will be offered ONLY to Burgundy customers as an upgrade to their existing Magnus card, from 1st October onwards.
This is ONLY for the Burgundy customers who accept the terms and conditions and give their approval on the link sent by SMS or email.

ONLY that new Burgundy Magnus card will get 5:4 ratio, no other card
 
No. I just spoke to Burgundy premium customer care and they said at the 5:4 ratio is only available on the brand new Burgundy Magnus card which will be offered ONLY to Burgundy customers as an upgrade to their existing Magnus card, from 1st October onwards.
This is ONLY for the Burgundy customers who accept the terms and conditions and give their approval on the link sent by SMS or email.

ONLY that new Burgundy Magnus card will get 5:4 ratio, no other card
But the existing points?
 
Due to maintenance downtime, you will be unable to transact with your Axis Bank Credit Card(s) on 14-09-23 from 2 AM to 4 AM IST. Regret any inconvenience.

Got this message
Kuch hone wala h
Don't think it's related. I have a prepaid meal card and got similar message.

Due to system maintenance, you will be unable to use Axis Bank Prepaid Card for any txn on 16-09-2023 from 21:00 IST to 21:45 IST. Regret the inconvenience.

And one old message for credit card.

Due to a scheduled maintenance activity, you will be unable to transact with your Axis Bank Credit Card(s) on 06-06-2023 from 01:30 AM to 03:30 AM IST. We regret any inconvenience.
 
Don't think it's related. I have a prepaid meal card and got similar message.

Due to system maintenance, you will be unable to use Axis Bank Prepaid Card for any txn on 16-09-2023 from 21:00 IST to 21:45 IST. Regret the inconvenience.

And one old message for credit card.

Due to a scheduled maintenance activity, you will be unable to transact with your Axis Bank Credit Card(s) on 06-06-2023 from 01:30 AM to 03:30 AM IST. We regret any inconvenience.
Kal pata chalega prepard card me bhi reward point/edge rewards dikhne lagega.....aur Magnus cards me prepaid balance dikhne lagega!!
 
Posters have reported existing points are showing a ratio of 5:2 but they already have a Magnus with Burgundy account.

So I expect that future spends only on the new Magnus Burgundy card from next month will get 5:4 ratio and not the existing points you have accumulated, which should continue to get 5:2 ratio
Posters have reported existing points are showing a ratio of 5:2 but they already have a Magnus with Burgundy account.

So I expect that future spends only on the new Magnus Burgundy card from next month will get 5:4 ratio and not the existing points you have accumulated, which should continue to get 5:2 ratio
See attached. People have received this email stating that accumulated reward points will also be eligible for a transfer ratio of 5:4. So let’s be hopeful.

Let’s just wait unless they formalise everything!
 

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