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

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bugmenot

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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rohitb said:
I used my new number after being moved to silver and both transfers i made , failed. Let me try using this trick.
Click to expand...

SteelSh0t said:
I tried adding old number to Axis Edge but it says that only 1 id can be linked. Can you share if you are able to link old id
Click to expand...
Send an email to Traveledge.support@axisbank.com.
Please note the following scenarios:
  1. If you have previously linked a number that differs from the one currently displayed on the frontend, the process will fail.
  2. If you have previously linked a number and have been upgraded to a tier such as silver, gold, etc., and this number remains the same on the frontend, the outcome may vary. Initially, for the first few months, points transfer may be successful; however, it may fail afterwards.
To update your number, you can send an email to Traveledge. According to the Terms and Conditions, there is no waiting period for this update.
 
Upvote 0 Downvote
CMG said:
Send an email to Traveledge.support@axisbank.com.
Please note the following scenarios:
  1. If you have previously linked a number that differs from the one currently displayed on the frontend, the process will fail.
  2. If you have previously linked a number and have been upgraded to a tier such as silver, gold, etc., and this number remains the same on the frontend, the outcome may vary. Initially, for the first few months, points transfer may be successful; however, it may fail afterwards.
To update your number, you can send an email to Traveledge. According to the Terms and Conditions, there is no waiting period for this update.
Click to expand...

My membership was upgraded to Silver. Before September this year, I used to transfer Accor points to my old member id and it was always successful. After September, Axis purged all saved member IDs so when I transferred to Accor this week, I added my accor ID and it seems like the ID has changed.
I sent an email to their travel edge portal to update the same on their backend yesterday, but no response yet.
Phone support also said to send an email and they cannot update it from their end. Email is the only option
 
Upvote 0 Downvote
SteelSh0t said:
My membership was upgraded to Silver. Before September this year, I used to transfer Accor points to my old member id and it was always successful. After September, Axis purged all saved member IDs so when I transferred to Accor this week, I added my accor ID and it seems like the ID has changed.
I sent an email to their travel edge portal to update the same on their backend yesterday, but no response yet.
Phone support also said to send an email and they cannot update it from their end. Email is the only option
Click to expand...
Wait few days. Official TAT is 7 days.
 
Upvote 0 Downvote
SteelSh0t said:
My membership was upgraded to Silver. Before September this year, I used to transfer Accor points to my old member id and it was always successful. After September, Axis purged all saved member IDs so when I transferred to Accor this week, I added my accor ID and it seems like the ID has changed.
I sent an email to their travel edge portal to update the same on their backend yesterday, but no response yet.
Phone support also said to send an email and they cannot update it from their end. Email is the only option
Click to expand...
I was in the same boat as you till the purging.

I added back all my other ids, except Accor, because I was unsure which id to add (first one or the new one that got me silver).

I eventually (after getting M4B) added the first one and transferred 300 points.
Once it went through I transferred more.

My Qatar Airways account is connected to the first id.

I’m wondering if that had anything to do with the current success.
 
Upvote 0 Downvote
rohitb said:
I used my new number after being moved to silver and both transfers i made , failed. Let me try using this trick.
Click to expand...
Another funny thing . I got my points back , but they are getting added in edge miles. I don't even have atlas.

So now I have points in all three pools, edge points, edge miles, burgundy points. I think mail to axis is required , and I thought I am done post m4B upgrade.
 
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rohitb said:
Another funny thing . I got my points back , but they are getting added in edge miles. I don't even have atlas.

So now I have points in all three pools, edge points, edge miles, burgundy points. I think mail to axis is required , and I thought I am done post m4B upgrade.
Click to expand...
So you used normal Edge points and got Edge miles instead? I see that as a 2x increase in returns 🤣 🤣 🤣 🤣
 
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jchandra49 said:
I know that we will not get any points on magnus for paying education fees, is it possible to get the points if we pay the education fees for MS in US(in dollars). Any idea on this
Click to expand...
One person earlier did one transaction in foreign currency and it had rent mcc. He got charged 1%+gst for that, but no reward points and no forex charges. This was on magnus.

I did one transaction on government mcc in foreign currency. Got charged forex charges and no reward points. This was on Infinia.
 
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jchandra49 said:
I know that we will not get any points on magnus for paying education fees, is it possible to get the points if we pay the education fees for MS in US(in dollars). Any idea on this
Click to expand...
Turn off the all transactions and do the transaction. Get the MCC code for the failed transaction from customer care and share it here.
 
Upvote 0 Downvote
UKJ said:
I have 3 months salary credit and 2 OGS but Axis still say that I am not eligible for the upgrade.

If others have received upgrade then maybe could advise how they achieved it? All my efforts have failed.
Click to expand...
Whats your account scheme code? check account details. If it does NOT end in 'S', then its not a salary account
 
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