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

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-- 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


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


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

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

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
 

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srihari1977 said:
My transfers to Kris Flyer and Club ITC initiated on July 9th are yet to realise.

In March each of my three Kris Flyer transfers got credited in 2 days.

ITC takes 7-10 days, so there's still time to wait before the crib.

Called up travel edge just now about the above.
Here's what I was told

"Technical issue. Back end team is looking into it. All transfers on hold. No resolution timeline as of now".

About travel edge devaluation, I was told 5x remains, but depends on the card. Check with credit card team.

S&M
Click to expand...
UPDATE

Kris Flyer conversion confirmed on
18th July.

Club ITC conversion failed.
Just received a message saying so.
Points will be refunded in 15-20 days, it seems.

S&M
 
Upvote 0 Downvote
One question. With all this info I am unable to find answer...

Is the monthly milestone for Magnus 1l still running and 20% conversion to amazon still there?

Is this going to change or is it just a change for the miles junta
 
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msankadi said:
One question. With all this info I am unable to find answer...

Is the monthly milestone for Magnus 1l still running and 20% conversion to amazon still there?

Is this going to change or is it just a change for the miles junta
Click to expand...
Current features of card have not changed. The rumored changes were supposed to hit miles mainly. Conversion to vouchers is not a card feature and continues to be available.
 
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msankadi said:
One question. With all this info I am unable to find answer...

Is the monthly milestone for Magnus 1l still running and 20% conversion to amazon still there?

Is this going to change or is it just a change for the miles junta
Click to expand...
What do you mean by this term "20% conversion to amazon"?
Are you referring to getting max 20K worth of Amazon Pay vouchers from Gift Edge/Gyftr?
 
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hks789 said:
As per the official tnc and banner shown in TE, it will be credited after travel/stay date.
But Axis in the past have been crediting them in 30-45 days regardless of travel.
I booked September flights on June first week, got 4x 2nd week July.

For flights booked for immediate travel dates, I got them within 1 week after travel.
Click to expand...
I also got before travel date
 
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ARV said:
Yes, i have transferred. Recently moved some points also. Most of the points but not together. All to my account only.
Click to expand...
www.technofino.in

Need Help! Axis Account locked / Suspended.

Hello. We have been using Magnus since OCTOBER 2022. So far no issues. Every month we buy Amazon shoping, Amazon pay vouchers and other brand vouchers via Gift edge till the limit. Today while trying to log in to shows Account has been suspended / Activated. No Suspicious transaction. No...
www.technofino.in www.technofino.in

This thread might help
 
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hks789 said:
www.technofino.in

Need Help! Axis Account locked / Suspended.

Hello. We have been using Magnus since OCTOBER 2022. So far no issues. Every month we buy Amazon shoping, Amazon pay vouchers and other brand vouchers via Gift edge till the limit. Today while trying to log in to shows Account has been suspended / Activated. No Suspicious transaction. No...
www.technofino.in www.technofino.in

This thread might help
Click to expand...
Thanks i will check
 
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I puchased flight tickets using Travel edge on 26th June and 28th June for same travel in August. I got the accelertaed points for first transaction on 6th July and second traction on 20th July. I dont know what logic Axis is using. It looks like someone has to manually run the script to credit points. Very starnge!!!!
 
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Krishnaraju said:
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 🙂
Click to expand...
As a matter of fact, many known Infinia PP users have reported they are not being charged for Guest Access at all.
If you hold one, you may try it 😉
 
Upvote 0 Downvote
They suspended my account stating non-personal usage. However, I do not recollect any non-personal usage. Thank god I transferred my 3L reward points last week.

This is bat shit!
 

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