Axis Magnus Alternative in case of Axis Magnus devaluation or discontinuation

[V G]

Axis Magnus is currently leader of credit cards in India. But we know soon it is going to be devalued. May be axis decides to discontinue it. Axis Magnus is such a card that covers all types of users. Those who travel a lot, pay utility bills, do shopping, etc. It is kind of all in one card at the moment. Even if fees of this card is 10K plus taxes but we still get something in return. Reward rate we all know cannot be matched by any other credit card. Another good thing is it gets easily approved comparatively. Credit cards like infinia are difficult to get and nothing much in return for fees.

What you guys think is the next bank credit card available in India like Magnus which is best for all types of users and easily available?

 

[rogerthat]

AmEx Trio (Plat Travel + Gold Charge + MRCC)

I would absolutely totally ditch all other cards and use only Amex (I already have Gold+MRCC) but can't because it is simply not accepted at most places!

 

[Slayer]

I would absolutely totally ditch all other cards and use only Amex (I already have Gold+MRCC) but can't because it is simply not accepted at most places!

Same thing with my father

He almost took Plat Charge but his lifestyle isn't like that

 

[roshancc]

Is this how they panned to get Premium Customers of Citi Bank ? 🤣

 

[roshancc]

I would absolutely totally ditch all other cards and use only Amex (I already have Gold+MRCC) but can't because it is simply not accepted at most places!

The problem with Amex is acceptance I had to make a high value transaction few days ago Amex was my best bet but the merchant wont accept Amex !

 

[Sharjeelshaikh]

Nothing on bank website yet

 

[shann9999]

Devaluation

 

[Sharjeelshaikh]

View attachment 22017

Devaluation

Nobody received email just random screenshot

 

[V G]

Magnus is easier to get. I am struggling to get DCB or Infinia. Moreover, HDFC doesn't provide more than one core card easily. Already holding LTF Regalia.

 

[sheru]

AmEx Trio (Plat Travel + Gold Charge + MRCC)

If the devaluation is real, it makes even more sense to go for plat travel now.

 

[rohit12345]

I have not received any email regarding this.

 

[V G]

Magnus Card khatam ho gaya.
Will have to shift spends on different card.

 

[Consultant]

Magnus is easier to get. I am struggling to get DCB or Infinia. Moreover, HDFC doesn't provide more than one core card easily. Already holding LTF Regalia.

Thats the point. Getting Infinia is pure luck & bank can control the amount of cards they want to put in the market, based on customer profile, unlike Magnus, who any tom dick & harry can get. Sadly that is what has caused the problem. Many have exploited the cards to great extents.

 

[Deleted member 9785]

Thats the point. Getting Infinia is pure luck & bank can control the amount of cards they want to put in the market, based on customer profile, unlike Magnus, who any tom dick & harry can get. Sadly that is what has caused the problem. Many have exploited the cards to great extents.

The C2C allowance was the real disaster. They should have stuck to ITR as the criterion.

 

[1RC]

Not to forget with magnus they have a very huge hni database which they would love to hold dearly.

After reading so many threads here on this forum. I am sure that Axis Magus was given all sorts non-HNIs. Everyone was jumping for it. So this devaluation was expected.

 

[Consultant]

The C2C allowance was the real disaster. They should have stuck to ITR as the criterion.

Absolutely. !! C2C is where the problem started. Everytime I go to the Mumbai airport even during early morning hours, the Magnus counter has visitors all applying for either Magnus or vistara. Bichara, SBI counter on the side has the sales person playing video games on the mobile & wishing to join Axis sales team.

 

[Consultant]

In that case, Reserve should not have been devalued. Not everyone can afford 59k annually. !! This is something else.

After reading so many threads here on this forum. I am sure that Axis Magus was given all sorts non-HNIs. Everyone was jumping for it. So this devaluation was expected.

 

[mystic]

RIP Magnus

 

[1RC]

In that case, Reserve should not have been devalued. Not everyone can afford 59k annually. !! This is something else.

Axis does not track ER points for Magnus and Reserve separately. Hence, it only makes sense to them to devalue both of these cards when it comes to ER points than upgrading the tech infra to track transactions and calculate transfer conversions. So many folks, with Magnus and Select were milking the earned ER points at 5:4 ratio when Select's ER conversion is different than 5:4.

My Magnus is deadbeat now.

 

[roshancc]

Now Magnus will compete with One Card 😎

 

[1RC]

Now Magnus will compete with One Card 😎

So true! What a waste. Glad my Magnus is LTF.

I am moving my expenses back to Infinia.