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

[chasni]

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.

The Tnc document always refers to using 5:4 ratio for Edge Reward Points. I am just quoting their own document.

Axis introduced the bucket of MB points around Sep'23 and the MB FAQ document was last updated in Jan'24. In the document, they have always used ER everywhere. If it was a bug then what is the their logic of using ER in the document instead of MB points? I am just curious here. Because in banking, everything is interpreted based on the Tnc document and the language used. It is not based on what our (consumer's) or the bank's feelings.

What is the source of your hypothesis that 5:4 is only for MB card since the launch of the card? Mind sharing the source?