Axis Magnus downgrade to Magnus credit card from Burgundy Magnus credit card

[hari99]

Had any one got downgraded to Magnus credit card from Burgundy Magnus credit card if so is there any prior intimation

 

[drsel]

I heard that they don't intimate you.
they will directly downgrade it if you don't maintain 10 lacs balance in savings account or 30 lacs fixed deposit.
they check at the end of every quarter

 

[hari99]

I heard that they don't intimate youm
they will directly downgrade it if you don't maintain 10 lacs balance in savings account or 30 lacs fixed deposit.
they check at the end of every quarter

True, but did it happen to anyone previously, who is in this community

 

[drsel]

Only one person I know complained that it happened to him

 

[drsel]

He said that he was issued ordinary Magnus card and charged the joining fee for it

 

[drsel]

As you know the ordinary Magnus card is definitely not worth it

 

[bing1309]

Axis has become strict in account and credit card etc for cretria to maintain or else penalty or downgrade happens without second thought.

 

[kvndsz512]

one person in this forum only got downgraded i guess even after maintaining the required balances ;_;

 

[drsel]

Now it is very difficult to get Magnus burgundy even if you pay 35400.
Better not to take any risk