Axis Magnus - no update on approval

[mkbhd]

I had applied for Axis Magnus on 14th Oct at the branch. Biometrics verification along with income proof was taken. Its been 6 days today and there is no update on the application.

2 weeks back I had applied online and the application got rejected (due to insufficient information).

Hence I applied at the branch again on 14th. How many days does it typically take for approval and delivery - any one who has the card? What should I do in the interim? The bank person who took my application is not responding to my messages now.

 

[Wealth is my birth right!]

what are the conditions to get welcome benefit of magnus? First transaction should be how much? any minimum amount?

my first transaction in magnus is to load BB milk wallet for 300 rs and got tatacliq sms after 3 days of it.

 

[drmayank2305]

my first transaction in magnus is to load BB milk wallet for 300 rs and got tatacliq sms after 3 days of it.

Is this post joining fee payment?

 

[Wealth is my birth right!]

Is this post joining fee payment?

The next day of card activation i got charges for 11,800 card fee which is yet to be paid once statement gets generated

 

[princeagrawal16]

Still not approved.

Is it approved now? or still they are taking their own sweet time..!!

 

[princeagrawal16]

Guys,

Important update..!!

I am an existing Axis Credit Card Holder from 5+ years & having a decent limit on my 2 cards.

On 20th October -

Applied for a Magnus Via Phone Banking. Request was taken via an OTP based consent & I was promised that card will be delivered within 10 working days.
No reference number was provided. Have been waiting since then and there was no update from the bank till today.

On 26th October-
Applied again via website. Being an existing customer no video kyc was required.
On completing the application, received a reference number & email mentioning that decision will be communicated within 72 hours. But again no response from the bank until today.

After several follow-ups via Twitter Support today they declined both of my applications.

Nice way to handle loop holes..😂

So, I decided to call phone banking & again asked them that I want to upgrade my existing card to Magnus. After taking several minutes, guy on the call said are you salaried or self employed & do you know eligibility is 18lakhs ?

I mentioned, my salary is far beyond that & my card was processed instantly & received a virtual card on the app.

He later asked me to update my salary details using the email option & I could get limit Enhancement as well.

Kindly follow this guys. Please update your latest financial details with the bank to avoid rejection.

 

[CMGCMG is verified member.]

Guys,

Important update..!!

I am an existing Axis Credit Card Holder from 5+ years & having a decent limit on my 2 cards.

On 20th October -

Applied for a Magnus Via Phone Banking. Request was taken via an OTP based consent & I was promised that card will be delivered within 10 working days.
No reference number was provided. Have been waiting since then and there was no update from the bank till today.

On 26th October-
Applied again via website. Being an existing customer no video kyc was required.
On completing the application, received a reference number & email mentioning that decision will be communicated within 72 hours. But again no response from the bank until today.

After several follow-ups via Twitter Support today they declined both of my applications.

Nice way to handle loop holes..😂

So, I decided to call phone banking & again asked them that I want to upgrade my existing card to Magnus. After taking several minutes, guy on the call said are you salaried or self employed & do you know eligibility is 18lakhs ?

I mentioned, my salary is far beyond that & my card was processed instantly & received a virtual card on the app.

He later asked me to update my salary details using the email option & I could get limit Enhancement as well.

Kindly follow this guys. Please update your latest financial details with the bank to avoid rejection.

What was your previous card and the credit limit? Is Axis bank your salary account?

 

[Slayer]

Guys,

Important update..!!

I am an existing Axis Credit Card Holder from 5+ years & having a decent limit on my 2 cards.

On 20th October -

Applied for a Magnus Via Phone Banking. Request was taken via an OTP based consent & I was promised that card will be delivered within 10 working days.
No reference number was provided. Have been waiting since then and there was no update from the bank till today.

On 26th October-
Applied again via website. Being an existing customer no video kyc was required.
On completing the application, received a reference number & email mentioning that decision will be communicated within 72 hours. But again no response from the bank until today.

After several follow-ups via Twitter Support today they declined both of my applications.

Nice way to handle loop holes..😂

So, I decided to call phone banking & again asked them that I want to upgrade my existing card to Magnus. After taking several minutes, guy on the call said are you salaried or self employed & do you know eligibility is 18lakhs ?

I mentioned, my salary is far beyond that & my card was processed instantly & received a virtual card on the app.

He later asked me to update my salary details using the email option & I could get limit Enhancement as well.

Kindly follow this guys. Please update your latest financial details with the bank to avoid rejection.

Axis will upgrade to Magnus if your existing Axis card has over 3L limit

 

[princeagrawal16]

Axis will upgrade to Magnus if your existing Axis card has over 3L limit

As I mentioned, they declined it twice.

 

[princeagrawal16]

What was your previous card and the credit limit? Is Axis bank your salary account?

Ace & Flipkart with limit of 4 lacs.

I was having savings account but closed it. Now I don't have any savings or salary account with the bank.

 

[princeagrawal16]

Income criteria is there for every card that we apply but what I would like to highlight is they check their internal system for such information to approve or reject the application.

If someone is facing consistent denial then they should update their financial information with the bank.

 

[Slayer]

As I mentioned, they declined it twice.

Was told by two seperate axis bank branch cc heads yesterday

Or if it's anather bank cc then existing limit of 4L and 1 year old

 

[EINSTEIN]

Is it approved now? or still they are taking their own sweet time..!!

No update. Don’t know whether they will approve or not.
I have a 3 month old burgundy account and 6 months old flipkart card with 15k limit. I applied c2c with apay card with 6L limit. They had rejected my Airtel card application earlier as flipkart card was only 2 month old. What are the chances for approval in my case?

 

[Slayer]

No update. Don’t know whether they will approve or not.
I have a 3 month old burgundy account and 6 months old flipkart card with 15k limit. I applied c2c with apay card with 6L limit. They had rejected my Airtel card application earlier as flipkart card was only 2 month old. What are the chances for approval in my case?

Go via bank branch manager route

 

[hks789]

Guys,

Important update..!!

I am an existing Axis Credit Card Holder from 5+ years & having a decent limit on my 2 cards.

On 20th October -

Applied for a Magnus Via Phone Banking. Request was taken via an OTP based consent & I was promised that card will be delivered within 10 working days.
No reference number was provided. Have been waiting since then and there was no update from the bank till today.

On 26th October-
Applied again via website. Being an existing customer no video kyc was required.
On completing the application, received a reference number & email mentioning that decision will be communicated within 72 hours. But again no response from the bank until today.

After several follow-ups via Twitter Support today they declined both of my applications.

Nice way to handle loop holes..😂

So, I decided to call phone banking & again asked them that I want to upgrade my existing card to Magnus. After taking several minutes, guy on the call said are you salaried or self employed & do you know eligibility is 18lakhs ?

I mentioned, my salary is far beyond that & my card was processed instantly & received a virtual card on the app.

He later asked me to update my salary details using the email option & I could get limit Enhancement as well.

Kindly follow this guys. Please update your latest financial details with the bank to avoid rejection.

Which email did you use to update income details?

 

[Darthvader]

I applied for magnus yesterday, got the reference number but when i track it it says Application not found . anything i missed ? should i wait for few more days ?

 

[princeagrawal16]

Was told by two seperate axis bank branch cc heads yesterday

Or if it's anather bank cc then existing limit of 4L and 1 year old

Could be..!! But definitely they are checking income criteria as well. It helps them approve the application asap.

 

[Slayer]

I applied for magnus yesterday, got the reference number but when i track it it says Application not found . anything i missed ? should i wait for few more days ?

Tracker is shit

 

[princeagrawal16]

No update. Don’t know whether they will approve or not.
I have a 3 month old burgundy account and 6 months old flipkart card with 15k limit. I applied c2c with apay card with 6L limit. They had rejected my Airtel card application earlier as flipkart card was only 2 month old. What are the chances for approval in my case?

C2C application will be handled by branch only for now. If they accept the application then It might get approved.

Online application chances are very slim if income criteria is not met.

Wait for the intimation from the bank. Allow them 10 working days.

 

[princeagrawal16]

Which email did you use to update income details?

Goto axisbank.com/support & select limit enhancement option.

Then select email option & follow the steps..

 

[princeagrawal16]

I applied for magnus yesterday, got the reference number but when i track it it says Application not found . anything i missed ? should i wait for few more days ?

Wait for 3-5 days. Tracker is useless. You will receive SMS if there is any update.