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

 

[CARDBITRAGE]

Magnus works all.major airports .but people used to exploit pp with complimentary visit for guests while within India that has been plugged

There's no change now. What I mentioned is expected from the "unofficial" Reserve deval.

 

[Sharjeelshaikh]

There's no change now. What I mentioned is expected from the "unofficial" Reserve deval.

Even dhanlaxmi banks offers free lounge access nothing premium about airport lounge now very cramped

 

[K.R]

If you remove the 25000 Bonus rewards points in Magnus Infinia beats Magnus hands down. Instead of trying to spend more to get reward points one should do their normal regular spends and for those regular spends use Gyftr vouchers etc. Gyftr HDFC has better rewards than Axis Gyftr as of now. The only reason I continue to have Magnus is because it gives 8 Guest Lounge access.( Very useful in foreign travels and not for Domestic) I was just about to take Reserve based on my RM's recommendations and this happened 🙂 If Guest access of 8 times is removed I would rather pay for the additional guest at 27 $ on my Infinia PP. Infinia PP is unmatched
For people who do not need Lounge access etc the best card is still ICICI Amazon Pay. Just use your card without much calculations on how to maximize etc ( use that time for more productive work). If one does lots of Big Billion, Myntra spends etc just keep LTF with max cashback cards of ICICI, SBI , CITI and HDFC and you are done. Flight tickets as well when I compare buying directly on MMT or Yatra using Credit card offers turns out to be mostly cheaper that Traveledge or Smartbuy post considering the 10X rewards. One can get Airmiles while booking on these sites as well. Just my view no offence to anyone

One Should always stay away from IndusInd Crédit Cards. Their way of operation is Prepaid Benefits. Basically you pay 25K to 200K to get these benefits and many times those cards become worthless as well. Their Debit card ( Exclusive and Pioneer) is good though for people who want zero markup ( for people who travel abroad a lot). Alternatley One can have a FD bsed IDFC WoW card.. I know for people with Infinia its why the hell would I have a FD based Credit card. Its only for people who travel abroad a lot as it gives zero markup fees. Its more useful now as there is a cap of 7 lakhs. So no harm in having 2 Cards with zero markup.
Always remember when there is too much benefits on anything thing be it Ola, Uber, Uni Card, Paytm ( Pre 2019) or any other card its just customer acquisition phase and will not last long 🙂

 

[Sharjeelshaikh]

If you remove the 25000 Bonus rewards points in Magnus Infinia beats Magnus hands down. Instead of trying to spend more to get reward points one should do their normal regular spends and for those regular spends use Gyftr vouchers etc. Gyftr HDFC has better rewards than Axis Gyftr as of now. The only reason I continue to have Magnus is because it gives 8 Guest Lounge access.( Very useful in foreign travels and not for Domestic) I was just about to take Reserve based on my RM's recommendations and this happened 🙂 If Guest access of 8 times is removed I would rather pay for the additional guest at 27 $ on my Infinia PP. Infinia PP is unmatched
For people who do not need Lounge access etc the best card is still ICICI Amazon Pay. Just use your card without much calculations on how to maximize etc ( use that time for more productive work). If one does lots of Big Billion, Myntra spends etc just keep LTF with max cashback cards of ICICI, SBI , CITI and HDFC and you are done. Flight tickets as well when I compare buying directly on MMT or Yatra using Credit card offers turns out to be mostly cheaper that Traveledge or Smartbuy post considering the 10X rewards. One can get Airmiles while booking on these sites as well. Just my view no offence to anyone

One Should always stay away from IndusInd Crédit Cards. Their way of operation is Prepaid Benefits. Basically you pay 25K to 200K to get these benefits and many times those cards become worthless as well. Their Debit card ( Exclusive and Pioneer) is good though for people who want zero markup ( for people who travel abroad a lot). Alternatley One can have a FD bsed IDFC WoW card.. I know for people with Infinia its why the hell would I have a FD based Credit card. Its only for people who travel abroad a lot as it gives zero markup fees. Its more useful now as there is a cap of 7 lakhs. So no harm in having 2 Cards with zero markup.
Always remember when there is too much benefits on anything thing be it Ola, Uber, Uni Card, Paytm ( Pre 2019) or any other card its just customer acquisition phase and will not last long 🙂

 

[K.R]

agnus works all.major airports .but people used to exploit pp with complimentary visit for guests while within India that has been plugged

What was the exploitation on PP. The cap of 8 Visits was not working or something like that. I mean were people making more that 8 Guest visits in a year

 

[Zarieal]

Guys, can you please share the Accor transfer request status? Initiated on 12th July, it's saying pending since 14th July. TAT of 5 working days already crossed.

 

[Sharjeelshaikh]

What was the exploitation on PP. The cap of 8 Visits was not working or something like that. I mean one could make more that 8 Guest visits in a year

People used to swipe self for magnus on intl lounge and use pp for guests (8 allowed hai)if

 

[K.R]

People used to swipe self for magnus on intl lounge and use pp for guests (8 allowed hai)if

In International Lounge, Credit card ( Except DCB or card enabled with Lounge Key) anyways doesn't work. One has to swipe the PP and unlike Indian lounges International Lounges are very particular on correct entry. I have travelled using Magnus PP with one Swipe for me and 2 swipes for my wife and Son as guests and that's what the benefit is meant for. In Domestic Lounges I never use PP as I have other cards, but Infinia PP works.

 

[VijayflyRaven]

Guys, can you please share the Accor transfer request status? Initiated on 12th July, it's saying pending since 14th July. TAT of 5 working days already crossed.

For me too the transfer done on 12th is pending. It must be done soon.

 

[Karthik24]

Guys, can you please share the Accor transfer request status? Initiated on 12th July, it's saying pending since 14th July. TAT of 5 working days already crossed.

Mine Took 5 to 6 days

 

[raghav101]

I

For me too the transfer done on 12th is pending. It must be done soon.

I Transferred on 14th. Still pending ofcourse.

 

[saketreddy]

Transferred 13th 11pm. Just received.

 

[Zarieal]

Transferred 13th 11pm. Just received.

Thanks for update. I can see that mine got credited just now. I was worried about failure as lot of people shared screenshots of points not being credited to accor and then stuck for 15-20 days.

Hopefully everyone should be able to transfer now

 

[satishg85]

For me too the transfer done on 12th is pending. It must be done soon.

Transferred to Accor on 12th and 14th. Both received with thanks.

 

[VijayflyRaven]

Transferred to Accor on 12th and 14th. Both received with thanks.

I got the one initiated on 12th just now.

 

[sanju8486]

I too got the points transferred done on 13th..

However one of my friend transferred to my accor account on 12th and it got failed...

Is it allowed na ? Earlier I beleive people used to take transfer..

Kindly help if the transfer got failed as it didn't belong to my account or people personal accor transfers were also failed so that I may decide whether to re-inittiate transfer or drop the idea ?

Anyone who have bought accor points would be able to help better I beleive.. however All Kindly confirm with their experience which will be highly appreciated...

 

[Sharjeelshaikh]

For me too the transfer done on 12th is pending. It must be done soon.

Apna aa gaya just accor points

 

[ADITYA1904]

I received too…

 

[sanju8486]

I got the one initiated on 12th just now.

Was it your personal or got from someone else ?

 

[VijayflyRaven]

Was it your personal or got from someone else ?

Personal.