Devaluation Axis Magnus & Magnus Burgundy Credit Card Huge Devaluation Effective From 20th April 2024

[drsel]

I received some burgundy points but now it is showing 200000 points maximum can be transferred in a year.

Also now max. 3300 points can be transferred in a single transaction. If you have more points burgundy points you need to do multiple transfers

 

[ankurarora898]

I received some burgundy points but now it is showing 200000 points maximum can be transferred in a year.

Also now max. 3300 points can be transferred in a single transaction. If you have more points burgundy points you need to do multiple transfers

3300 transfer in a single transaction sounds new

 

[HumorSimpson]

I received some burgundy points but now it is showing 200000 points maximum can be transferred in a year.

Also now max. 3300 points can be transferred in a single transaction. If you have more points burgundy points you need to do multiple transfers

Too many variable rules. This is getting more complex than multivariate calculus.

 

[Rags]

I received some burgundy points but now it is showing 200000 points maximum can be transferred in a year.

Also now max. 3300 points can be transferred in a single transaction. If you have more points burgundy points you need to do multiple transfers

Not really, check again. I just did 63000 ER redemption in a single click.

 

[drsel]

4722 Burgundy points and first time the slider maxed out at 3300 points
second time 1400

 

[drsel]

Not really, check again. I just did 63000 ER redemption in a single click.

Are you referring to Burgundy points @5:4 or ordinary edge points@5:2 ?

4722 Burgundy points and first time the slider maxed out at 3300 points
second time 1400

 

[Rags]

Are you referring to Burgundy points @5:4 or ordinary edge points@5:2 ?

4722 Burgundy points and first time the slider maxed out at 3300 points
second time 1400

All are M4B

 

[sahilgulati5]

just check again I was able to transfer 9k MB points

 

[Harry1]

In my case also transaction of 19th got missed

Credited now, I did raise to customer care, so not sure if it's due to that or auto credit.

 

[drsel]

Credited now, I did raise to customer care, so not sure if it's due to that or auto credit.

The system was being updated, now everything is perfectly alright.
it is auto credit, everyone received miles and magnus burgundy points tonight

 

[sahilgulati5]

Yes received the points and redeemed it instantly as you cannot believe axis

 

[CVR]

Credited now, I did raise to customer care, so not sure if it's due to that or auto credit.

Yea received. Also for transactions done last week

 

[Harry1]

Magnus Burgundy users, 6 months timeline has completed for people who got cards in September - October. Getting mails about maintaining burgundy criterion.

So, if u r not maintaining balance, it's right time to close it. Or, be ready to get downgraded to 12500+GST useless normal magnus without bms, lounge, m&g😅.

Soon we will have one more thread to talk about Axis🤣.

 

[drsel]

Magnus Burgundy users, 6 months timeline has completed for people who got cards in September - October. Getting mails about maintaining burgundy criterion.

So, if u r not maintaining balance, it's right time to close it. Or, be ready to get downgraded to 12500+GST useless normal magnus without bms, lounge, m&g😅.

Soon we will have one more thread to talk about Axis🤣.

I think even Burgundy does not have BookMyShow one plus one free.
Even for Burgundy you need is spend 50000 for domestic lounge.
But international lounge is free for all eligible cards and 4 meet & great and 4 guest visits are only for Burgundy

 

[insight]

I was wondering given all the changes/ devals..

What are the current numbers & mathematics on M4B vs SBI CB?

Examples from the table: https://www.technofino.in/best-credit-cards-for-international-spends-in-india/

Credit Card	Annual Fees	Annual Fees Waiver	Reward Rate on International Spends	Forex Markup Rate	Net Reward Rate
Axis Burgundy One	₹50,000+GST (NIL for Burgundy account holders)	NA	1.5% (on GV) & Minimum of 6% (Transfer Partners)	0%	1.5% (on GV) & Minimum of 6% (Transfer Partners)
Axis Reserve	₹50,000+GST	₹35 L	3% (on GV) & Minimum of 6% (Transfer Partners).	1.5% + GST	1.23% (on GV) & Minimum 4.23% (Transfer Partners)

BOB Eterna	₹2,999+GST	₹5L	3.75%	2% + GST	1.4% (Cashback)
SBI Cashback	₹999+GST	₹2L	5%	3.5% + GST	0.87% (Cashback)

I was wondering given all the changes/ devals..

What are the current numbers & mathematics on M4B vs SBI CB?

 

[The_Beast]

Guys, if I make spends to complete the 50k after my bill has generated for current month, but I want to go to lounge the next month, will I be allowed?
Do they factory in 50K spend as Callender days or 3 bills generated?

 

[drsel]

Guys, if I make spends to complete the 50k after my bill has generated for current month, but I want to go to lounge the next month, will I be allowed?
Do they factory in 50K spend as Callender days or 3 bills generated?

Its three calendar months but kindly confirm from customer care.

If you want to use any lounge within India in June, you need to have spent 50000 in March April and May combined.

There is no spend requirement for foreign lounges outside India, exceptions are Stanchart ultimate and all IDFC credit cards

 

[ankurarora898]

anyone who's aqb was less than 10lakhs,did axis gave a warning to maintain the balance in this quarter or just automatically downgraded the burgundy magnus credit card? anyone any experience?

 

[drsel]

anyone who's aqb was less than 10lakhs,did axis gave a warning to maintain the balance in this quarter or just automatically downgraded the burgundy magnus credit card? anyone any experience?

One techno fino member got downgraded without notice.
its either 10 lacs in savings account or 30 lacs fixed deposit.
10 lakhs fixed deposit will not do

 

[drsel]

They check at the end of each quarter, like first of July, 1st September