Only Premium & Super Premium Cards Discussion

[CMGCMG is verified member.]

25,000 + 35RP/200 (>1.5L spends) + LTF Magnus + 5:4 + 10L traveledge limit

If axis want to this, lets welcome them with open hands 🤣

 

[CMGCMG is verified member.]

Cap of 5 lakhs transfer will limit everything.

Its 10L for burgundy + magnus. so around 8L Accor

 

[S.S.]

Its 10L for burgundy + magnus. so around 8L Accor

I am Burgundy account holder as well. Still seeing 5:2 xfer rate + 5 lakhs cap. Not sure what's happening...

 

[CARDBITRAGE]

I am Burgundy account holder as well. Still seeing 5:2 xfer rate + 5 lakhs cap. Not sure what's happening...

They still haven't held up their end of the bargain is what's happening.

 

[Deleted member 11974]

If axis want to this, lets welcome them with open hands 🤣

as long as they are getting low cost deposit they will take a small hit here compared to what they will earn via unsecured loans disbursed at 15-30% or cc emi at 50%

 

[CMGCMG is verified member.]

They still haven't held up their end of the bargain is what's happening.

Wait for a few weeks. They haven't fixed the backend.

 

[CMGCMG is verified member.]

as long as they are getting low cost deposit they will take a small hit here compared to what they will earn via unsecured loans disbursed at 15-30% or cc emi at 50%

If a burgundy account can have 10 accounts attached to it (as per the screenshot) and if axis allow each to get mangus+burgundy and all it benefits, then it will get exploited super fast. The final decision regarding what counts as family is taken by the BM.

 

[Dragon_slayer]

If they are going to launch a different Mangus card for burgundy users, then any change is possible. No worry of any confusions regarding feature as it will be a different card altogether, which can have different benefits.

 

[CARDBITRAGE]

Wait for a few weeks. They haven't fixed the backend.

I know. But it would've been nice if they had started the implementation on Sep 1st. They did have a lot of time to work things out.

 

[Deleted member 11974]

If a burgundy account can have 10 accounts attached to it (as per the screenshot) and if axis allow each to get mangus+burgundy and all it benefits, then it will get exploited super fast. The final decision regarding what counts as family is taken by the BM.

in india it is uncommon to have a family of 10 and all 10 members being eligible for a magnus card
so as long as they are getting 10L at 3% simple interest they will take a hit in rewards when they are making 30-50% in cc and loans on a compound interest basis

 

[CARDBITRAGE]

in india it is uncommon to have a family of 10 and all 10 members being eligible for a magnus card
so as long as they are getting 10L at 3% simple interest they will take a hit in rewards when they are making 30-50% in cc and loans on a compound interest basis

Even 2 people properly exploiting the card equates to nearly 8L miles/hotel points. That is plenty enough each year if you ask me.

 

[CMGCMG is verified member.]

in india it is uncommon to have a family of 10 and all 10 members being eligible for a magnus card
so as long as they are getting 10L at 3% simple interest they will take a hit in rewards when they are making 30-50% in cc and loans on a compound interest basis

We are talking about exploiters here:

5 is common. so 2L per person. Taking 10%, loss: 20000, gains: 6000. net loss: 14,000*5 = 70,000

All 5 of them reaches milestone every month: 25000*5 = 1,25,000 * 6 months = 7,50,000RPs = 6L accor = 10.8L in value plus normal RPs

 

[Deleted member 11974]

what is the cost of 1 rp or mile to them
plus loopholes will start getting patched and mdr on the transactions helps them a bit more
not saying its a highly profitable proposition for the bank but they wont end up losing big bucks
what they actually need is huge amount of liquid funds available cheaply

 

[Deleted member 11974]

v

We are talking about exploiters here:

5 is common. so 2L per person. Taking 10%, loss: 20000, gains: 6000. net loss: 14,000*5 = 70,000

All 5 of them reaches milestone every month: 25000*5 = 1,25,000 * 6 months = 7,50,000RPs = 6L accor = 10.8L in value plus normal RPs

ery rare all 5 people of a family have a magnus card

 

[tryabptryabp is verified member.]

If a burgundy account can have 10 accounts attached to it (as per the screenshot) and if axis allow each to get mangus+burgundy and all it benefits, then it will get exploited super fast. The final decision regarding what counts as family is taken by the BM.

Just asked same thing to my RM. Have you seen people linking cousin / friends account in family banking for axis? Same surname or different surname? Its not hard to combine 10 lac even if they allow same surname.

 

[MilesMax]

Cap of 5 lakhs transfer will limit everything.

Isn't it 10L cap for Magnus + Burgundy ?

 

[CMGCMG is verified member.]

Isn't it 10L cap for Magnus + Burgundy ?

Yes. (as per the pdf)

 

[NikTravelEnthusiast]

They are making things complicated and tougher.
Eighter they are heading towards top or they will fall to the bottom. Management has to take good decisions.

 

[tryabptryabp is verified member.]

They are making things complicated and tougher.
Eighter they are heading towards top or they will fall to the bottom. Management has to take good decisions.

Transaction volume in magnus hit rock bottom now. RM was saying when earlier people were calling to get magnus, Now same people are asking them to give vistara & samsung card when RM try to sell Magnus.

 

[harshit_agrawal]

25k bonus on 1L is much needed. I hope they bring it back.