Axis Magnus - Important TnC Links | All T&C of Axis Magnus Credit card

[canitintuli]

What will happen to your charges, are they refunding it?

If you cancel the card without using it (within 30 days of card issuance), you are not liable to pay any charges.

 

[MVC]

If you cancel the card without using it (within 30 days of card issuance), you are not liable to pay any charges.

Yes all charges are reversed and card is canceled

 

[CCFinvest]

Hi,
I got Axis Magnus on LTF basis(details attached). As the terms and conditions have changed, can the bank charge now for not meeting the annual spend criteria?

 

[aniketkr.sharma]

Hi,
I got Axis Magnus on LTF basis(details attached). As the terms and conditions have changed, can the bank charge now for not meeting the annual spend criteria?

Depends as its axis

 

[Riva]

Hi,
I got Axis Magnus on LTF basis(details attached). As the terms and conditions have changed, can the bank charge now for not meeting the annual spend criteria?

As far as I know, LTF Magnus (got with True burgundy account) does not have an annual spend criteria. That is only for paid Magnus.

 

[sumit_yadav]

As far as I know, LTF Magnus (got with True burgundy account) does not have an annual spend criteria. That is only for paid Magnus.

That LTF Magnus is not truly LTF. It is conditional (until you maintain the True burgundy status)

 

[CCFinvest]

I received it before true burgundy magnus combination offer (with some special approval) and I did not shift to burgundy magnus card. So, I do not get 5:4 conversion for airmiles. Only 5:2. Since I have not changed anything from my end, I shouldn't be penalized for keeping the card. What do you think?

 

[Riva]

That LTF Magnus is not truly LTF. It is conditional (until you maintain the True burgundy status)

Correct.. in a sense there's loss in opportunity cost for those funds locked.

 

[Riva]

I received it before true burgundy magnus combination offer (with some special approval) and I did not shift to burgundy magnus card. So, I do not get 5:4 conversion for airmiles. Only 5:2. Since I have not changed anything from my end, I shouldn't be penalized for keeping the card. What do you think?

Ok, in that case it also will not have a spend based criteria. Good to just keep the card active for other benefits if you have a equally or more rewarding card