• Hey there! Welcome to TFC! View fewer ads on the website just by signing up on TF Community.

Credit card upgrade from Axis Select to Magnus

cm9

TF Buzz
VIP Lounge
I just called the customer service and got my Axis Select upgraded to Magnus they have approved the request without any documentation or process

I also had a few queries regarding credit card upgrades

1) When can i request for credit limit increase ?
2) Will upgrading a credit card reduce my credit score ? Axis select is my oldest credit card
 
1) You can ask them right away if you want but they wont increase it for 3-6 months at least. Axis is very rigid when it comes to limit enhancement by request. You’ll have to share you payslips/ITR and then maybe after multiple follow ups they’ll increase it. Some people got their limits enhancement within 1-2 months of issuance and there are people for whom Axis won’t increase the limit even after 6-9 months even after sharing their income docs.

2) It’ll not impact you cibil unless they make an enquiry on your PAN and even if they do, it’ll be a marginal decrease. I have 7 enquiries in the past 2 months and my CIBIL is up 10 points.
 
I just called the customer service and got my Axis Select upgraded to Magnus they have approved the request without any documentation or process

I also had a few queries regarding credit card upgrades

1) When can i request for credit limit increase ?
2) Will upgrading a credit card reduce my credit score ? Axis select is my oldest credit card
1. You should have requested for limit increase and then upgrade. Now you will have to wait 3 to 6 months for manual LE.
2. No. It will be same account.
 
  • Like
Reactions: cm9
1) You can ask them right away if you want but they wont increase it for 3-6 months at least. Axis is very rigid when it comes to limit enhancement by request. You’ll have to share you payslips/ITR and then maybe after multiple follow ups they’ll increase it. Some people got their limits enhancement within 1-2 months of issuance and there are people for whom Axis won’t increase the limit even after 6-9 months even after sharing their income docs.

2) It’ll not impact you cibil unless they make an enquiry on your PAN and even if they do, it’ll be a marginal decrease. I have 7 enquiries in the past 2 months and my CIBIL is up 10 points.
1) Yeah i have been using axis select since a long time but never got the credit limit increased i did ask them to increase the limit right now but they declined

2) Got it thank you
 
I just called the customer service and got my Axis Select upgraded to Magnus they have approved the request without any documentation or process

I also had a few queries regarding credit card upgrades

1) When can i request for credit limit increase ?
2) Will upgrading a credit card reduce my credit score ? Axis select is my oldest credit card
1- post 4 months
2- mostly not.. or may be in a single digit..
 
  • Like
Reactions: cm9
I just called the customer service and got my Axis Select upgraded to Magnus they have approved the request without any documentation or process

I also had a few queries regarding credit card upgrades

1) When can i request for credit limit increase ?
2) Will upgrading a credit card reduce my credit score ? Axis select is my oldest credit card
What was your credit limit of Select credit card?
 
I just called the customer service and got my Axis Select upgraded to Magnus they have approved the request without any documentation or process

I also had a few queries regarding credit card upgrades

1) When can i request for credit limit increase ?
2) Will upgrading a credit card reduce my credit score ? Axis select is my oldest credit card
How long did they take to dispatch the card ?
 
I applied on 28th online and got immediate approval though the approval message arrived the next day. Since then have not received any message or intimation regd any dispatch etc which is surprising.
 
I just called the customer service and got my Axis Select upgraded to Magnus they have approved the request without any documentation or process

I also had a few queries regarding credit card upgrades

1) When can i request for credit limit increase ?
2) Will upgrading a credit card reduce my credit score ? Axis select is my oldest credit card
Many people got magnus FYF. Did you got free first year or with 10k joining fee?
 
I just called the customer service and got my Axis Select upgraded to Magnus they have approved the request without any documentation or process

I also had a few queries regarding credit card upgrades

1) When can i request for credit limit increase ?
2) Will upgrading a credit card reduce my credit score ? Axis select is my oldest credit card
2 - they will create a new account so yeah there will be some impact, but should be marginal.
 
Back
Top