Axis Magnus Magnus, Reserve & Other Axis Bank Credit Cards | Devaluation w.e.f. 1st Sep 2023.

[bugmenot]

-- Edited Post --

Final Update

Official PDFs are now out
Magnus - https://www.axisbank.com/docs/default-source/default-document-library/credit-cards/mgtc.pdf

Reserve - https://www.axisbank.com/docs/default-source/default-document-library/credit-cards/rstc.pdf

Revision of Axis Bank Miles/Rewards Transfer Program - https://www.axisbank.com/docs/defau...les-rewards-transfer-terms-and-conditions.pdf

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Update: 2nd August

MyZone - https://www.axisbank.com/docs/default-source/default-document-library/credit-cards/mztc.pdf
Privilege - https://www.axisbank.com/docs/default-source/default-document-library/credit-cards/pvtc.pdf
Select - https://www.axisbank.com/docs/default-source/default-document-library/credit-cards/sltc.pdf
Ace - https://www.axisbank.com/docs/default-source/default-document-library/credit-cards/actc.pdf

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Magnus devaluation highlights

1. Revision in welcome benefits, which are more or less matching with the leaked screenshots
2. Change in annual fee - ₹12,500 + GST
3. No more renewal benefit
4. Spend criteria for fee waiver is now double - 25L
5. Exclusion of government institutions and utilities MCCs for earning ERs
6. RIP 25,000ER/1L milestone benefit
7. Revised transfer ratio of 5:2
8. 5L ER points cap for transfer
9. Burgundy account scheme

Reserve devaluation highlights

1. Spend criteria for fee waiver is revised to 35L
2. Exclusion of government institutions and utilities MCCs for earning ERs
3. Revised transfer ratio of 5:2
4. 5L ER points cap for transfer
5. Burgundy private account scheme

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Aap Chronology Samajiye

• 📄 Few leaked screenshots of PDF started floating for Magnus and Reserve having potential devaulation
• 🐦Few folks on Twitter acknowledged the upcoming devaulation by contacting their RMs or insiders from CC department
• 🎧 Customer Care team were like "Whot Daa Phaak" is going on. They were unaware about these news, some were saying yes and some no
• 😡 Outrage | Speculation | Twitter Space | Points Transfer Tricks
• ✋ Then rumour mills started about devaulation being on hold
• 🔗 Official links of devaulation PDF started popping but "Darling of Cards" was missing
• 🔌 Axis pulled the plug and links started showing "404 - Not Found" except for unlucky Flipkart card
• 💣 BOMB - Axis Gift Edge devaulation
• 📩 Mass credit card cancellation and notice seeking clarification regarding commercial transactions
• 📉 Official PDF of Magnus and Reserve released
• 📉 Official PDF of MyZone, Privilege, Select and Ace released

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1. Flipkart - https://axisbank.com/docs/default-s...flipkart-credit-card-terms-and-conditions.pdf

Below given links are not opening now as they have been removed. You may check attached PDFs.

2. Reserve - https://axisbank.com/docs/default-s...-reserve-credit-card-terms-and-conditions.pdf
3. Select - https://axisbank.com/docs/default-s...k-select-credit-card-terms-and-conditions.pdf
4. Privilege - https://axisbank.com/docs/default-s...rivilege-credit-card-terms-and-conditions.pdf
5. MyZone - https://www.axisbank.com/docs/defau...-my-zone-credit-card-terms-and-conditions.pdf

By following the format, it is quite easy to create Magnus link, which could be https://axisbank.com/docs/default-source/default-document-library/credit-cards/axis-bank-magnus-credit-card-terms-and-conditions.pdf

 

[Trust Me]

In worst case also, you will get 0.2 value so your 6k will be returned so nothing to lose here

Do you really trust Axis enough to believe that they have already touched their worst, and the 0.2 is something sacred set in stone?! 🙂.

 

[purush]

Sa

Same here

Am also waiting

 

[D7162]

Do you really trust Axis enough to believe that they have already touched their worst, and the 0.2 is something sacred set in stone?! 🙂.

To change 0.2, they need to give 30 days notice

 

[mojo_jojo123]

what is the logic for making ASV as 2x .. which is same as APV .. 2x .. are the axis management fools ?

 

[D7162]

what is the logic for making ASV as 2x .. which is same as APV .. 2x .. are the axis management fools ?

May be to stop traders who Purchase and sell just to hit milestone

 

[mojo_jojo123]

May be to stop traders who Purchase and sell just to hit milestone

better stop everything .. make 0x every where . . . life will be peaceful ..

 

[aloha12d]

I got my card delivered just today. Unable to decide what to do? Should I even open it or just revert.

 

[kapoorsanyam]

better stop everything .. make 0x every where . . . life will be peaceful ..

Ye bhai kuch jyada hi pareshan lag raha hai axis se 🤣🤣

 

[chasni]

better stop everything .. make 0x every where . . . life will be peaceful ..

Card hi band kar do.. Unke mo pe mar do jaake. lol.

 

[iamabhisekagar]

Axis my zone: is me meri galti kaha thi ke muje kahi ka nahi rakha…galti to un logo ne ki thi me kyu mara gaya is bich me…🤣🤣🤣

Le MyZone:

 

[R!ppEr]

now gyftr is more in line with amex reward multiplier i think

 

[mojo_jojo123]

now gyftr is more in line with amex reward multiplier i think

but ETA is long very bonus points , better make ETA as just 1-2 days

 

[R!ppEr]

but ETA is long very bonus points , better make ETA as just 1-2 days

i think once they see people reduce the abuse of points they might start quicker credits 😀

 

[Cardmarvel]

ER rewards transferred to Accor on July 10 still not credited in Accor. Anyone else facing similar issue?

My transfer initiated on 9th June was processed by 11th June. The one initiated on 11th June hasn’t moved to the next state (under processing) yet

 

[typhoon]

ER rewards transferred to Accor on July 10 still not credited in Accor. Anyone else facing similar issue?

same here, i too haven't. AXIS making excuses now with technical error. Better call travel edge and ask them once.

 

[dominic1229]

but ETA is long very bonus points , better make ETA as just 1-2 days

Amex Gyftr sends bonus reward points in 1-2 days unlike axis that takes 4 months!

 

[yashendra2797]

I got my card delivered just today. Unable to decide what to do? Should I even open it or just revert.

If it’s a new Magnus then you get 10k Tata cliq voucher so even if changes happen it’s first year “free” for you.

 

[rogerthat]

what is the logic for making ASV as 2x .. which is same as APV .. 2x .. are the axis management fools ?

Yes

 

[CARDBITRAGE]

I got my card delivered just today. Unable to decide what to do? Should I even open it or just revert.

You can wait 30 days and take a call. By then, we should hear something decisively.

 

[dominic1229]

If it’s a new Magnus then you get 10k Tata cliq voucher so even if changes happen it’s first year “free” for you.

I got my card delivered just today. Unable to decide what to do? Should I even open it or just revert.

Even after deval, it is totally worth for first year. Get the 10K Tata Cliq voucher and also get your free Eazydiner Prime membership. For Eazydiner Prime call on this number: 7669004444 (AXIS EAZY DINER HNI CONCIERGE) from the phone number registered with Magnus card and inform them that you got a Magnus card and need the complimentary EzDiner Prime membership. You will receive a link on whatsapp and need to make a payment of Rs.1 using your Magnus to claim it.
Get 40% off upto 1K on payments done via EzDiner.
Try to complete the 1Lakh monthly milestone at least for 1 month in the first year to get 25K edge RP (more the better).
Make good use of the 5x free movie tickets monthly offer (max. 500 for 1 ticket) on BookMyShow.
and many more rewards.....

Not a bad first year.