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]

I saw a similar screenshot for Axis Reserve as well.
Anyone has any idea if this is only for Magnus?

Nobody has any idea rn. 🤣

 

[Shubham Yadav]

Abhi ghar pe construction ka kaam chal rha hai. OneCard ko toh regmark ki tarah use karvaunga. 🤣

This one was epic 🤣🤣🤣🤣🤣🤣

 

[Deleted member 13981]

Infinia to Magnus (August 2022)

Activate hi nhi karunga toh cancel hi ho jayega. Axis Vistara Signature close karvaya tha main Magnus ko accommodate karne ke liye. 😔

No worries man.. Axis naye cards deta rahega. Ab bada issue trust ka hai 😑

 

[Sharjeelshaikh]

Let us flood axis customer care number with cancellation call

 

[bigbrain]

There was images posted earlier with the devaluation for selected, reserve and Magnus.

What surprised me was that select had better rewards at 20 points for every ₹200 for first ₹20k. Later 10 points for every ₹200. Does select offer priority pass? Because the screenshot showed limits for priority pass for domestic use.

 

[Deleted member 13981]

Infinia to Magnus in August 2022


Infinia to Magnus in August 2023

 

[rogerthat]

From Reddit:

 

[D7162]

There was images posted earlier with the devaluation for ace, reserve and Magnus.

What surprised me was that ace had better rewards at 20 points for every ₹200 for first ₹20k. Later 10 points for every ₹200. Does ace offer priority pass? Because the screenshot showed limits for priority pass for domestic use.

Its SELECT not ACE - if you have read ACE then its definitely edited 😉

 

[Deleted member 9785]

Infinia to Magnus in August 2022
View attachment 22036

Infinia to Magnus in August 2023
View attachment 22037

1 din ka CM - aniL
1 saal ka cc king - magnus

 

[Walter White]

1 din ka CM - aniL
1 saal ka cc king - magnus

But both Infinia and DCB themselves got devalued massively in the past 1 year. Now, there are hardly any good options in Super premium segment.

 

[bigbrain]

O

Its SELECT not ACE - if you have read ACE then its definitely edited 😉

opps Yes it was select. I edited my post

 

[amit]

Now where is amex referral, next is amex plat travel. only hope.

 

[hari99]

no

i meant doesnt the birthday offer get renewed once every year

https://www.axisbank.com/docs/default-source/default-document-library/easydiner-t-c.pdf

 

[amit]

my b'day is in Sep, hope so I will get that benefit.

 

[irohitpragya]

as expected. many people want this card even if they are not eligible. Magnus be like- am I a normal card? everyone is getting me.

 

[hari99]

no

i meant doesnt the birthday offer get renewed once every year

Small correction in Birthday month before a week it gets activated, Please go through it, https://www.axisbank.com/docs/default-source/default-document-library/easydiner-t-c.pdf

 

[CredAshram]

Just got the Magnus card 2 days back. Unfortunately, I have activated it.
But I get 10000 reward points along with a Tata cliq voucher.

To joining fees to uth gaya with GST. But iPad or iPhone lene ka mann tha consecutive 2 mahine me....wo to gaya.
Abhi lagta hai SBI Cashback card aur Flipkart Axis e achha hai.

 

[bigbrain]

Now where is amex referral, next is amex plat travel. only hope.

Yes. I am thinking of switching to Amex. But only problem is acceptability at offline stores.

I transferred all miles to Singapore airlines and I am short my 60k miles to book my flights for the family. I thought I can achieve it by September. Now I don’t know how much it will take if this devaluation is true.

 

[kej]

What's the news around Axis Select? What kind of devaluation?

 

[Deleted member 11974]

Which point does it mention i didnt find it

https://www.axisbank.com/docs/default-source/default-document-library/easydiner-t-c.pdf