Family banking i added my spouse in Burgundy account so X2
-
Hey there! Welcome to TFC! View fewer ads on the website just by signing up on TF Community.
Devaluation Axis Magnus & Magnus Burgundy Credit Card Huge Devaluation Effective From 20th April 2024
- Thread starter TechnoFino
- Start date
Another 10L or 30L FD.. Richie Rich
drsel
TF Prestige
Lovely is she a joint holder or a first holder in a separate account
Separate Burgundy account
Tagged under me to put together 10l mab
drsel
TF Prestige
Still, how do you get 4 lacs limit for transfer to group A
are you sure for M4B u can have family account, I heard for M4B u need to have 10L or 30L FD separately
ankurarora898
TF Select
Does she have a separate m4b card as well? are you maintaining 10 lakh for each account or 10 lakhs in total?
Total 10l together
Her Magnus for Burgundy is wip
ankurarora898
TF Select
Confusing,the conditions state that to get 5:4 ratio AQB needs to be maintained at customer id level.Tell me if it's working for you,as axis isn't issuing add on cards and have a big purchase coming on my fathers name.
And are the points pooled together under family burgundy or you are gonna get a separate m4b for your spouse?
Separately applying
They wont club points however we can view under 1 login
Cust id only to measure the average balance
Hope attached ss will give clarity
Thats under my app login
Attachments
Got a notification in app saying "Swiggy one benefits with burgundy". How to claim this? There is no link to click in notification.
drsel
TF Prestige
I sent you the answer in direct message on WhatsApp
New wave started -
ankurarora898
TF Select
hello,let me know how to avail that
We should get a 30 days notice for this. I think. If not then we should complain to RBI.
Someone posted on Twitter that MB FAQ document always refers to redeeming ERs at 5:4 rate. It never mentions creation of any new bucket or the points only earned on that card to be eligible for 5:4.
Moreover, the redemption limit is governed by the highest card while redemption rate is governed by each card separately.
Last edited:
For now both buckets are getting 5:4. Also 5:4 is feature of MB card so points earned on other cards can have different ratio. A xis is just rectifying a bug here which people were misusing. Don’t think this is a downgrade of the card as those points still give you 5:4. Don’t think any notice required for this.
Here4miles
TF Buzz
Had they done this segregation before 20th, I'd have transferred from ER bucket, instead of the Burgundy bucket smh.
So advisable to empty the ER bucket now before they go 5:2? It's showing 'Edge Rewards (including magnus Burgundy)' which is confusing...
So advisable to empty the ER bucket now before they go 5:2? It's showing 'Edge Rewards (including magnus Burgundy)' which is confusing...
When u r dealing with axis, u should not keep any points with it, whether it is edge points or miles or magnus burgundy 😜. It is punishable offence to keep points with axis.
