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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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Last edited:
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makman said:
If i get LTF atlas with the burgundy account and company relationship, do they make it chargeable at later point if I am no longer burgundy?
Click to expand...
Atlas is not associated with Burgundy so nothing will happen, you'll continue to have Atlas LTF.
Just like how many people are using LTF Mangus (non burgundy version)
 
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purush said:
Where u got all these. Magnus doesn't has golf benefits
Click to expand...
Ok, edited my post.

I clearly had a long conversation with the concierge guy on phone, when I call them for my welcome benefit sms. And he told me golf lessons are 100% free, but golf games are chargable to some extend, need to pay extra for clubs, and some other payments involved.
 
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Prav said:
Not able to redeem magnus burgundy 5k voucher,
Any solutions
Click to expand...
Contact the Thriwe customer care number as well as send a mail mentioned in the site, that you are not able to unlock the gift voucher. I had the same problem with unlocking my Yatra voucher in October for my new Magnus card ( welcome voucher benefits) . They rectified it after a few days.
 
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K.R said:
Received my 23 Points per 200 above 1.5 lacs for October month today. Will transfer and Activate my M4B
Click to expand...
Hi, is this common to get extra 23 points per 200 more than a month after expenditure or it got delayed for you.

I am actually waiting to get my extra points for the payment made in the month of November when can I expect those points to be credited?
 
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chowdaryking said:
Hi, is this common to get extra 23 points per 200 more than a month after expenditure or it got delayed for you.

I am actually waiting to get my extra points for the payment made in the month of November when can I expect those points to be credited?
Click to expand...
It's between 30 days to 45 days. So November will come between Jan 1st to Jan 15th
 
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I am new to Axis and Burgundy banking, I will apprecaite help from this amazing community.

- Will I receive ERs for Burgundy Debit and M4B credit card spending in same bucket with same transfer ratio?
 
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palvannan said:
You need to do a 2 step purchase process to reach 300 points.
1. Add 540 points ( spend 9k now) to reach 620 points in a week.
2. Transfer only 500 points to get to 120 points.
3. Then Add 180 points ( spend 3k) to reach 300 , a week after.
So two weeks journey 🤣
Click to expand...
@palvannan I had 96 points previously in Magnus Burgundy bucket, did a 40k transaction for something now have 2496 Magnus Burgundy points but its only letting me redeem in the multiple of 100 and upto 2400.

To redeem it completely, do I need to spend anything between 3400~3599 to get extra 204 points to be able to redeem it all so that I can redeem my ER balance??
 

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Viper1057 said:
@palvannan I had 96 points previously in Magnus Burgundy bucket, did a 40k transaction for something now have 2496 Magnus Burgundy points but its only letting me redeem in the multiple of 100 and upto 2400.

To redeem it completely, do I need to spend anything between 3400~3599 to get extra 204 points to be able to redeem it all so that I can redeem my ER balance??
Click to expand...
Once you transfer 2400 MB, same no should come from ER to MB. Ridiculous thing by Axis.
 
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