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Axis Magnus Burgundy vs INFINIA METAL

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drabhishek90

drabhishek90

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Hi everyone. Even though I am new in posting, I have been following this community for around a month now. I am wishing to have an Infinia Metal Card or a Magnus Burgundy Card. I have been an HDFC customer for more than10 years but am still stuck on Regalia Gold. Currently upgraded to Imperia Account of HDFC. However Infinia card Seema outreached to me since they need an ITR of 60 lacs currently. I am ok to open a Burgundy account with Axis while maintaining 10lacs AMB. So should I chase Magnus Burgundy or go after Infinia Metal??
 
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My employer has Axis as the primary bank partner and I have an option to switch my salary account from HDFC to Axis.
Had a chat with my Axis RM and he said my account can be upgraded to Burgundy if its made a salary account due to the tie up, even though I don't meet the 3L net credit criteria (only 2.6 L).
So If I am a Burgundy account holder, is M4B free? Or if its paid, any perks of being a Burgundy account holder.
I had normal Magnus and I closed it after devaluation.
 
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My RM says 30k+gst is chargeable even after burgundy status. I joined axis in june, as of now I am not eligible for M4B although sal credit is 3L+ every month. RM said post sal in Nov first week, I will get it but on full chargeable basis. Joining, renewal fees everything
 
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I feel infinia is better for gyftr vouchers and hotel booking. Though Amazon vouchers are now not that attractive because of taxes. Overall you can get only 15000 accelerated reward points per month so at maximum 33% your spends are limited to less than 50000 per months.
Axis m4b is now useless for gyftr but great for travel edge and AEP. Monthly limit is really high. Even routine expenses you get 4.8 percent, if converted to miles and around 24 percent for hotels and flights
Take your call
 
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jar89 said:
My employer has Axis as the primary bank partner and I have an option to switch my salary account from HDFC to Axis.
Had a chat with my Axis RM and he said my account can be upgraded to Burgundy if its made a salary account due to the tie up, even though I don't meet the 3L net credit criteria (only 2.6 L). Toy
So If I am a Burgundy account holder, is M4B free? Or if its paid, any perks of being a Burgundy account holder.
I had normal Magnus and I closed it after devaluation.
Click to expand...
Your account can be upgraded to only burgundy but it will still not be True Burgundy. You will not be given the Magnus Burgundy card. Magnus Burgundy card is available only in case of true burgundy status. There are no exceptions here. In case of the salary route, the salary has to be above 3L
 
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Wanted to give an update......

Even though we have multitude of threads here cautioning us to go for Axis Bank. I discussed with people here and went ahead to apply for Burgundy Account for M4B.
However, it has been 15 days since I have applied. They are unable to open the account. They always cite various nonsense reasons regarding backhend support.
Now they told me today that sir since it has been almost 15 days. We need to close this request and your account cannot be opened. However, we can take a fresh application day after tomorrow if you wish so.
What the hell!!!
 
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drabhishek90 said:
Wanted to give an update......

Even though we have multitude of threads here cautioning us to go for Axis Bank. I discussed with people here and went ahead to apply for Burgundy Account for M4B.
However, it has been 15 days since I have applied. They are unable to open the account. They always cite various nonsense reasons regarding backhend support.
Now they told me today that sir since it has been almost 15 days. We need to close this request and your account cannot be opened. However, we can take a fresh application day after tomorrow if you wish so.
What the hell!!!
Click to expand...

I opened Burgundy account with 7L deposit, they took the cheque and processed the account in 3 days. Branch must be slow to process things.
 
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drabhishek90 said:
Wanted to give an update......

Even though we have multitude of threads here cautioning us to go for Axis Bank. I discussed with people here and went ahead to apply for Burgundy Account for M4B.
However, it has been 15 days since I have applied. They are unable to open the account. They always cite various nonsense reasons regarding backhend support.
Now they told me today that sir since it has been almost 15 days. We need to close this request and your account cannot be opened. However, we can take a fresh application day after tomorrow if you wish so.
What the hell!!!
Click to expand...
What is true burgundy criteria?
Does net monthly salary of 3+L qualify as true burgundy?
 
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Update :
After being denied a Burgundy account, a new staff was appointed to me. To my surprise, she had an amazing knowledge of all the nuances of the bank and she got me my account within a coupe of days.
However when I had to start the FD - 4 employees of the same bank who were in touch with me for the account opening and were of no use to me, kept me nagging from morning till evening until I opened the FD. They all had same request. Please use my code during FD opening.
😉
 
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drabhishek90 said:
Update :
After being denied a Burgundy account, a new staff was appointed to me. To my surprise, she had an amazing knowledge of all the nuances of the bank and she got me my account within a coupe of days.
However when I had to start the FD - 4 employees of the same bank who were in touch with me for the account opening and were of no use to me, kept me nagging from morning till evening until I opened the FD. They all had same request. Please use my code during FD opening.
😉
Click to expand...

Did she confirmed the M4B ? Also paid or LTF if yes ?
 
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drabhishek90 said:
Update :
After being denied a Burgundy account, a new staff was appointed to me. To my surprise, she had an amazing knowledge of all the nuances of the bank and she got me my account within a coupe of days.
However when I had to start the FD - 4 employees of the same bank who were in touch with me for the account opening and were of no use to me, kept me nagging from morning till evening until I opened the FD. They all had same request. Please use my code during FD opening.
😉
Click to expand...
She must be an ex Citibank Employee!
 
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