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

 

[sanju8486]

Like I said in the last line, Base 1x spend will be 35 ER. remaining 2x (if 3x on gyftr) will be 12*2.
Here bonus is 24 ER.
a 3x voucher of 200 will get you 35 + 24 = 59 ER.

Also it's all prediction, no one knows how it works until we get it. So let's wait for December!

Things are not simple as they looks around..

35 points are after we spend 1.5 lacs..which most of people, now spending 1 lacs will struggle to spend...

Also we must take care of 10 lacs per annum before reported by banks to income tax department..

So not that easy unless & until one really is an HNI😀

 

[Prateek26]

I think Accor is not a great deal, mostly for international travel hotels don't matter much, you can get much better value properties than Accor on Airbnb, as most Ibis properties in International locations do not accept Accor points, better to transfer a majority of points to flights like Singapore Airlines.

My usage is only domestic hotels/flights. Looks like Accor points are accepted everywhere in India. Your view?

 

[Ashutosh007]

My usage is only domestic hotels/flights. Looks like Accor points are accepted everywhere in India. Your view?

Yes Accor points are accepted everywhere in India, but
For domestic usage, If I had to convert to Hotel I would prefer ITC to Accor for four reasons,
1. ITC has far more properties
2. Quality of ITC hotels is far better
3. ITC has many holiday destinations in its portfolio for domestic usage
4. You can convert to Marriott, which again is better than Accor
ITC properties give you a value of around Rs 1.2 to 1.5 per point as booking by points is at a discount to the market rate.

 

[navam]

I think Accor is not a great deal, mostly for international travel hotels don't matter much, you can get much better value properties than Accor on Airbnb, as most Ibis properties in International locations do not accept Accor points, better to transfer a majority of points to flights like Singapore Airlines.

Hmm I'm confused I remember seeing Ibis accepting points, did you check recently wondering if they changed their points eligible hotels.
2ndly I think they have quite a few nice hotel chains in their portfolio, I'd rather use points for those properties over these mid/low range Ibis hotels.

 

[Ashutosh007]

Hmm I'm confused I remember seeing Ibis accepting points, did you check recently wondering if they changed their points eligible hotels.
2ndly I think they have quite a few nice hotel chains in their portfolio, I'd rather use points for those properties over these mid/low range Ibis hotels.

they have not changed their points-eligible hotels according to my knowledge, but they could do it in the future.
Yes, they have some nice properties for international travel, but it does not make a lot of sense to me. I did a one-week Singapore trip last year, ibis properties there did not accept points, I had to book a Novotel or Mercure, so it forces you to spend more than you want to. Now in Singapore, I do not care much about how good the hotel is as far as it's clean and comfy since anyways I will be there only at night to sleep. I would rather use my points on Singapore Airlines.

 

[vina]

RM, they're pretty much useless.

their job is not to serve you. their job is to sell you useless products

 

[Virgo]

they have not changed their points-eligible hotels according to my knowledge, but they could do it in the future.
Yes, they have some nice properties for international travel, but it does not make a lot of sense to me. I did a one-week Singapore trip last year, ibis properties there did not accept points, I had to book a Novotel or Mercure, so it forces you to spend more than you want to. Now in Singapore, I do not care much about how good the hotel is as far as it's clean and comfy since anyways I will be there only at night to sleep. I would rather use my points on Singapore Airlines.

Did a quick search for Singapore. Ibis and ibis styles allow you to use points. However, all ibis budget hotels do not accept points.

 

[Avatar Aang]

Did a quick search for Singapore. Ibis and ibis styles allow you to use points. However, all ibis budget hotels do not accept points.

What about europe?

 

[kapoorsanyam]

Hello everyone,
What is time frame in which axis is currently crediting RPs (5x complete) for Traveledge bookings ? I want to make bookings for December. I read earlier in this thread that is actually somedays after travel date. But again… people are getting their points earlier as well. Thanks

 

[SSSandy]

Hello everyone,
What is time frame in which axis is currently crediting RPs (5x complete) for Traveledge bookings ? I want to make bookings for December. I read earlier in this thread that is actually somedays after travel date. But again… people are getting their points earlier as well. Thanks

I have read here in the forums that it is either x days after booking or x days after travel whichever is earlier. In your case you will get the points before Sep 1st devaluation if you book today I guess.

 

[sahil624]

31st August tak u can use PP..

Why what happens after that? I have international travel in September. Also, I have applied for their meet and greet service.

 

[hiteshgurnani14]

Why what happens after that? I have international travel in September. Also, I have applied for their meet and greet service.

For international lounges, you will still be able to use priority pass. It’s only for domestic lounge access, they have given the list of acceptable lounges across India that will be effective 1st September..

 

[Warlock27]

I checked major European cities and found that Hotel F1, Greet, and IBIS budget hotels do not accept accor points (at least through the app/website). Other low cost hotels like Adagio and IBIS styles accept reward points while booking.

What about europe?

 

[kkk]

I checked major European cities and found that Hotel F1, Greet, and IBIS budget hotels do not accept accor points (at least through the app/website). Other low cost hotels like Adagio and IBIS styles accept reward points while booking.

I recently booked hotels in Europe using points in ibis(Germany), Pullman(Brussels), Novotel(Luxembourg) and Mercure(Amsterdam). Except Mercure, I was able to use points for paying taxes as well.

 

[Avatar Aang]

I checked major European cities and found that Hotel F1, Greet, and IBIS budget hotels do not accept accor points (at least through the app/website). Other low cost hotels like Adagio and IBIS styles accept reward points while booking.

This axis ER redemption is confusing. Particularly this devaluation has made a mess.

 

[navam]

This axis ER redemption is confusing. Particularly this devaluation has made a mess.

What do you mean? Is finding hotels the confusing part or what to do with your ERs confusing part?

 

[Avatar Aang]

Perhaps both. I found out that Accor has good hotels in Europe. So planned to transfer around 60K ER to Accor All. But now after reading this I feel like I should redeem ER to Airmiles. So I searched a bit and found out Turkish has good amount of flights to europe but Taxes are around 22.5K for Economy return flight. Whereas United has very low taxes but flight availability is issue.
All in all I thing I'd rather redeem the ER to Amazon or flipkart coupon.

 

[basant]

Perhaps both. I found out that Accor has good hotels in Europe. So planned to transfer around 60K ER to Accor All. But now after reading this I feel like I should redeem ER to Airmiles. So I searched a bit and found out Turkish has good amount of flights to europe but Taxes are around 22.5K for Economy return flight. Whereas United has very low taxes but flight availability is issue.
All in all I thing I'd rather redeem the ER to Amazon or flipkart coupon.

HOw much we get thru amazon redemption?

 

[kkk]

Perhaps both. I found out that Accor has good hotels in Europe. So planned to transfer around 60K ER to Accor All. But now after reading this I feel like I should redeem ER to Airmiles. So I searched a bit and found out Turkish has good amount of flights to europe but Taxes are around 22.5K for Economy return flight. Whereas United has very low taxes but flight availability is issue.
All in all I thing I'd rather redeem the ER to Amazon or flipkart coupon.

Perhaps you are seeing it wrongly. I booked return Economy tickets(Air India tickets) for Europe(BLR to Frankfrut, Amsterdam to BLR) and total tax was around 8k.

 

[kkk]

HOw much we get thru amazon redemption?

5:1.