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

 

[raghav101]

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

Recieved.

 

[d3rvish]

My Accor transfer initiated on the 12th failed and I received an email about the failure on the 17th. Been trying to contact Travel Edge ever since then - mainly to ask about whether anything can be done to speed up the 15-20 day official timeline for refund of points, but of course, the single number for Travel Edge just serves up a message that says "All our agents are busy, blah. We will find one who will fail to solve your problem really quickly." Emails to Travel Edge fetch no responses. Ditto with emails to premium.experience. And the main Axis CC helpline people say they have no information and only Travel Edge can help. Classic.

 

[VijayflyRaven]

My Accor transfer initiated on the 12th failed and I received an email about the failure on the 17th. Been trying to contact Travel Edge ever since then - mainly to ask about whether anything can be done to speed up the 15-20 day official timeline for refund of points, but of course, the single number for Travel Edge just serves up a message that says "All our agents are busy, blah. We will find one who will fail to solve your problem really quickly." Emails to Travel Edge fetch no responses. Ditto with emails to premium.experience. And the main Axis CC helpline people say they have no information and only Travel Edge can help. Classic.

Question now is if this is a premium experience we want to have. With so many variables, I have decided to stop using Axis Magnus and return back to the previous cards I had. Transferring points during a redemption rush will be a pain for us. Something will go wrong and customer support will be very poor. Let the dust settle and then we can use this if they retain the rewards structure.

 

[diablorojo8]

Anyone know how long krisflyer miles last?

Update: Transferred ~50k points and got credited within 2 days to krisflyer.

 

[Zarieal]

Anyone know how long krisflyer miles last?

3 years expiry

 

[smuff]

Is magnus still recommended if monthly spend is below 1lakh?

 

[mojai]

Is magnus still recommended if monthly spend is below 1lakh?

No

 

[MilesMax]

Is magnus still recommended if monthly spend is below 1lakh?

If you are not eligible for Infinia then take Atlas along with Magnus.
Magnus for non-spend based rewards like Priority pass, meet & greet, eazydiner offers, BookMyShow offer etc (If you frequently use them and can get good value out of them)

Atlas for all the spends

 

[Anonymous ツ]

Has anyone received Base reward points after 15th July?

 

[TestMyPatience]

Has anyone received Base reward points after 15th July?

Yes, on 17th.

 

[neogen]

Is magnus still recommended if monthly spend is above 1lakh?

 

[Anonymous ツ]

Yes, on 17th.

I made a transaction on Flipkart on 14th July and Haven't received Base reward points for the same. Though, I received base reward points on 15th July for the transactions made till 13th July.

Till what transaction date you have received RP?

 

[funatlearn]

and than there are no good offers that would make you spend irrationally in FOMO.

Flipkart had good offers on laptop.
Got below one for 53k. Additional points on smartbuy portal.
Take a look at this ASUS Vivobook 16 (2023) Ryzen 5 Hexa Core 7530U - (16 GB/1 TB SSD/Windows 11 Home) M1605YA-MB551WS Laptop on Flipkart

ASUS Vivobook 16 (2023) Ryzen 5 Hexa Core 7530U - (16 GB/1 TB SSD/Windows 11 Home) M1605YA-MB551WS Laptop Rs.82990 Price in India - Buy ASUS Vivobook 16 (2023) Ryzen 5 Hexa Core 7530U - (16 GB/1 TB SSD/Windows 11 Home) M1605YA-MB551WS Laptop Tough B

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dl.flipkart.com

 

[SuperKnight]

I made a transaction on Flipkart on 14th July and Haven't received Base reward points for the same. Though, I received base reward points on 15th July for the transactions made till 13th July.

Till what transaction date you have received RP?

have received for Txn done on 13th July

 

[SuperKnight]

If you are not eligible for Infinia then take Atlas along with Magnus.
Magnus for non-spend based rewards like Priority pass, meet & greet, eazydiner offers, BookMyShow offer etc (If you frequently use them and can get good value out of them)

Atlas for all the spends

What do you value in Atlas card, seems pretty ordinary if spends not high ? please explain how do u use it

 

[Shadow747]

I initiated 2lac ER to qatar on 10 July but the status is in pending state. Any one transferred big amounts to any program and know the wait times before it was processed ?

 

[gurbina]

I initiated 2lac ER to qatar on 10 July but the status is in pending state. Any one transferred big amounts to any program and know the wait times before it was processed ?

United 180k and it took 3 business days.

 

[d3rvish]

Question now is if this is a premium experience we want to have. With so many variables, I have decided to stop using Axis Magnus and return back to the previous cards I had. Transferring points during a redemption rush will be a pain for us. Something will go wrong and customer support will be very poor. Let the dust settle and then we can use this if they retain the rewards structure.

I think I always knew Axis service would be a disaster but was hoping I'd not have to find out first-hand. It's kind of like dealing with PSUs like BSNL or whatever - cross your fingers and hope you never have to call customer care, because if you do, it all goes to hell very quickly.

 

[TestMyPatience]

I made a transaction on Flipkart on 14th July and Haven't received Base reward points for the same. Though, I received base reward points on 15th July for the transactions made till 13th July.

Till what transaction date you have received RP?

I got last for one of the transactions of 16th July.

And somehow with Axis grace, I got travel edge bonus as well (travel is in mid August).

 

[bigbrain]

Anyone know how long krisflyer miles last?

3 years