Axis Magnus magnus renewal/annual fees questions as of Nov 24

[rojajimmy]

Hello All Magnus Holders,

(not sure how many of us are left) but hey I thought I can try.
I got Magnus just 2 months before the major devaluation of last year and I did meet the 15 lakhs spend criteiria for Annual fee waiver.
I had made up my mind that I will cancel the card UNLESS they waive off the annual fees. Now the Axis app still shows my annual fees waiver condition as 15 lakhs. I can share the screenshot and I had written to Axis PNO for clarification and they never got back with an answer except "we will get back to you on this" so I have proof of this as well that I did everything on my end to confirm.

Should I continue using it and hold them liable to waive off my fees on 15 lakhs annual spend criteria? or should I cancel it in the 11 month. (I got in July 2023) so June 2025 they should charge me annula fees. Please share your pearls of wisdom.

 

[sourpai]

You have lot of time left. Why bother about it so early?

Call them in June 2025 and tell them that you will be closing the card due to annual fees. They might offer some retention benefit. Evaluate that and decide to close or continue at that time

 

[BVCBVC is verified member.]

Hello All Magnus Holders,

(not sure how many of us are left) but hey I thought I can try.
I got Magnus just 2 months before the major devaluation of last year and I did meet the 15 lakhs spend criteiria for Annual fee waiver.
I had made up my mind that I will cancel the card UNLESS they waive off the annual fees. Now the Axis app still shows my annual fees waiver condition as 15 lakhs. I can share the screenshot and I had written to Axis PNO for clarification and they never got back with an answer except "we will get back to you on this" so I have proof of this as well that I did everything on my end to confirm.

Should I continue using it and hold them liable to waive off my fees on 15 lakhs annual spend criteria? or should I cancel it in the 11 month. (I got in July 2023) so June 2025 they should charge me annula fees. Please share your pearls of wisdom.

Even I am facing the same issue. My renewal is in December 2024 and app is showing 15L but Burgundy customer care is saying 25L spends are mandatory. So I am thinking to close off the Magnus or convert it to Atlas or Reserve.