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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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Just a thought.. Like People calculate 5 Points for 150 spend on Infinia which gives base return of 3.33% We forget that if we Swipe for 149 Rs we will not get any reward points or if we sipe for 299 we get just 1 reward point. Its worse for Magnus as its calculated for every 200 Rs. So there is some slippage of reward points as well which we should keep in mind 🙂
 
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DarkShadow said:
Can you clarify what do you mean by JAL / JMR seems risky? I am considering JAL as Turkish is pain to deal with and united is far too expensive on millage.
Click to expand...
I was facing some issues with award flight availability checking and there is 60 days points booking limit too. Itt was mainly because I never used it and didn't find many success stories here either (probably as most people are under that 60 days period).

But now 60 days are over for me, and it seem fine. Not too lucrative, but certain sectors seem good. Still not good enough to park it without any travel plan. I think it allows booking for family, but not for friends.

Vistara and Accor is simplest to use and have used many times. So that feels a safe choice.
 
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RIP Magnus. Some brilliant peoduct manager laumched it, got promoted, new guy comes in amd screws it up. Axis will do some damage control later when the will seetoo many cancellations, but it will be too little too late. Typical boom to bust product cycle.
 
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Harry1 said:
I was facing some issues with award flight availability checking and there is 60 days points booking limit too. Itt was mainly because I never used it and didn't find many success stories here either (probably as most people are under that 60 days period).

But now 60 days are over for me, and it seem fine. Not too lucrative, but certain sectors seem good. Still not good enough to park it without any travel plan. I think it allows booking for family, but not for friends.

Vistara and Accor is simplest to use and have used many times. So that feels a safe choice.
Click to expand...
JAL seems lucrative though it's very difficult to find the seats.
 
Upvote 0 Downvote
Harry1 said:
I was facing some issues with award flight availability checking and there is 60 days points booking limit too. Itt was mainly because I never used it and didn't find many success stories here either (probably as most people are under that 60 days period).

But now 60 days are over for me, and it seem fine. Not too lucrative, but certain sectors seem good. Still not good enough to park it without any travel plan. I think it allows booking for family, but not for friends.

Vistara and Accor is simplest to use and have used many times. So that feels a safe choice.
Click to expand...
Can you check for delhi to Bangkok in month of October using miles
As I have not completed 60 days
 
Upvote 0 Downvote
Harry1 said:
I was facing some issues with award flight availability checking and there is 60 days points booking limit too. Itt was mainly because I never used it and didn't find many success stories here either (probably as most people are under that 60 days period).

But now 60 days are over for me, and it seem fine. Not too lucrative, but certain sectors seem good. Still not good enough to park it without any travel plan. I think it allows booking for family, but not for friends.

Vistara and Accor is simplest to use and have used many times. So that feels a safe choice.
Click to expand...
JAL/JMR shines when you add multiple sectors - though they have to be with the same airline. Can be used for booking tickets for family members but not friends. Further points between family members can be combined by creating a family account. Though its has a 1000 points initiation fees and for any update after creation.
pate said:
JAL seems lucrative though it's very difficult to find the seats.
Click to expand...
Try to search for award seats elsewhere (either on partner's website OR UA for *A, BA/AA/QF for OW & DL for ST OR paid websites) note down the dates and then lookup on JAL.
 
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DISHANT said:
@anirban.choudhury i have one spend to do of 60k on specific 31st july. already spent 50k on magnus. my bill date is 1st. will my spend consider for milestone for july if spent 60k doesn't billed on 1st? and will get benefit by 10th aug.? @TechnoFino
Click to expand...
Very risky. If it has to be done on 31 and u willing to take the risk do it early hours like at 12.01 midnight. Gives them some time to process plus it’s a workin day Monday. U might just get away with it. Best is do everything 3 to 4 days before month end.
 
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