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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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That is incorrect! Even if your statement was correct, the TnCs do not say that anywhere. They cannot make changes unilaterally!
What is said is fact. So that's correct 😁.

I didn't say anything like terms says same thing or different thing and is correct or incorrect. Those are subject to interpretation and whether Gyftr/Grab deals points should be part of 5:4 or not, is upto Axis to clarify that.

All I said is that base points from old magnus are converted to Magnus Burgundy.

BTW, there is a bug right now and u can still transfer all points in 5:4, as long as at least last 300 points are earned from magnus base points. Read below post to understand.

Post in thread 'Rumor with burgundy axis magnus could be LTF (by Sep 2023 it should be official by axis i think you never know though)' https://www.technofino.in/community...think-you-never-know-though.15646/post-414375
 
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My RM and BM both female and are clueless about the Magnus Burgundy offer 😆. Asking me to contact customer care and customer care asking me to contact RM. Both playing ping pong
Man, all the best.

You just have 23 days to win the battle.

We are still waging our war since end September.

As of now without much raging.
 
My RM and BM both female and are clueless about the Magnus Burgundy offer 😆. Asking me to contact customer care and customer care asking me to contact RM. Both playing ping pong
Same here, my new burgundy rm is no where near to know how it is,asking me to call and close the card and then apply for the life time one 🤣😩. Customer care asking to contact the rm,silly stuff
 
You will see this status in sometime 😀
View attachment 34392
Since you have applied for both new magnus LTF card , as well as for upgrade of existing old Magnus card , you are likely to see a rejection of the application for Magnus LTF , as it happened to me with a message that they cannot issue two card variants of the same type to one person. Your only hope is to get the old Magnus card upgraded , if your AQB/TRV eligibility criteria was met in October itself ( but for TRV criteria before 15th Oct ) and most likely only if the old Magnus was issued prior to 1st September ( on Visa platform).
 
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