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

 

[Vickymaster1010]

Rcvd June and may were to transfer any suggestions?

 

[vina]

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 🙂

that slippage didn't exist with Magnus milestone points

 

[K.R]

My electricity bill is usually once every 2 months and bill during summer is 30 to 45k. Amazon allows me to pay only during winters when less than 10k. 😂

You can prepay your electricity bill when Amazon allows 🙂

 

[K.R]

that slippage didn't exist with Magnus milestone points

Iam speaking about regualr spends. For milestone its simple you spend 99999 and you will miss 25k Reward Points . That's the slippage 🙂 or do you mean if I make 505 transactions of Rs 199 each ( regular spends) I will still get 6012 Rewards points for regular spends ( excluding Milestone and accelerated reward points here). As per my understanding it will be 0 reward points ( regular spend reward points only)

 

[phagocyte536]

He meant you will still get the 25k for magnus milestone even if you get 0 regular ER

Iam speaking about regualr spends. For milestone its simple you spend 99999 and you will miss 25k Reward Points . That's the slippage 🙂 or do you mean if I make 505 transactions of Rs 199 each ( regular spends) I will still get 6012 Rewards points for regular spends ( excluding Milestone and accelerated reward points here). As per my understanding it will be 0 reward points ( regular spend reward points only

 

[VijayflyRaven]

You can prepay your electricity bill when Amazon allows 🙂

Amazon does not allow prepay as it uses Bharat bill pay. You need to pay full.

 

[pate]

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.

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.

I tired that too. It shows availablity on other sites but not on JAL. Spent 2 days to find decent availability but failed

 

[MilesMax]

For all Brugundy customers. Their aim is to have Magnus only with Brugundy..dicourage non Brugundy by devaluating

It's not. Checked with Axis on Twitter DM.
Taking Burgundy doesn't get you LTF magnus.

 

[T2A]

Rcvd June and may were to transfer any suggestions?

Same question I guess Accor/Marriot is the best bet if there are no travel plans in the near future. Any suggestions ?

 

[vina]

It's not. Checked with Axis on Twitter DM.
Taking Burgundy doesn't get you LTF magnus.

View attachment 24189

did he say they will give LTF Magnus to Burgundy customers? @Krishnaraju was saying (I think) that they don't want non-Burgundy customers to have Magnus, paid or otherwise.

But I think even Burgundy customers will have to pay the fee

 

[Vickymaster1010]

then no logic in getting burgandy account if we still hhave to pay the fees,

also getting error while trasnferring to accor , can anyone please help in this

 

[bonheur]

The PDF says so.. I checked with my RM and he said whenever Iam free he will come home and get it done. No charges as long as you be a proper Brugundy customer basically meeting their Brugundy criteria in a consistent manner. 10 Lacs Savings or 30 lacs NVR or 3 lac Salary deposits

If you get salary based Burgundy, then this isn't a problem anyway, I would say there is no cost to keeping Magnus.

To keep a Burgundy relationship, is 3L take home salary enough on its own or one has to also park 10L on top of that?

 

[sky_walker_rules]

Same question I guess Accor/Marriot is the best bet if there are no travel plans in the near future. Any suggestions ?

y not vistara? can be used for domestic flight also

 

[T2A]

y not vistara? can be used for domestic flight also

Is the redemption easy and seats available easily ? Isn't domestic having more expensive redemption ?

 

[CMGCMG is verified member.]

To keep a Burgundy relationship, is 3L take home salary enough on its own or one has to also park 10L on top of that?

3L take home salary is enough

 

[rogerthat]

Got my first and only milestone points credited for May and June. I made a bit above 20% in return. Feeling terribly sad that I couldn't get in the game earlier.

 

[MilesMax]

did he say they will give LTF Magnus to Burgundy customers? @Krishnaraju was saying (I think) that they don't want non-Burgundy customers to have Magnus, paid or otherwise.

But I think even Burgundy customers will have to pay the fee

Yes, no fee till Burgundy status is held means LTF right? I think he got the info from his RM.

 

[sky_walker_rules]

Is the redemption easy and seats available easily ? Isn't domestic having more expensive redemption ?

seat/redemption is okay, for few sectors price is par with any other.overall i feel vistara can help in saving money from pocket for domestic flight rather than just putting all across in hotels(which is not necessity but luxury)

 

[Vickymaster1010]

even with burgandy account we need to pay the fees right renewal fees/?

 

[K.R]

To keep a Burgundy relationship, is 3L take home salary enough on its own or one has to also park 10L on top of that?

Either one...is sufficient