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

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bugmenot

bugmenot

TF Legend
-- 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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Guys can any one tell is it mandatory to have minimum 1000 or 2000 points on Accor to get option as pay with points on mobile app? Also did any on booked hotel using Accor points if so how many points should I Park to get almost 7 to 10 days for a decent hotel .
Thank you.
 
Last edited:
Upvote 0 Downvote
chowdaryking said:
Guys can any one tell is it mandatory to have minimum 1000 or 2000 points on Accor to get option as pay with points on mobile app? Also did any on booked hotel using Accor points if so how many points should I Park to get almost 7 to 10 days for a decent hotel .
Thank you.
Click to expand...
depend on category.
normally you can get for 50k accor points for mid range luxury property.
 
Upvote 0 Downvote
chowdaryking said:
Guys can any one tell is it mandatory to have minimum 1000 or 2000 points on Accor to get option as pay with points on mobile app? Also did any on booked hotel using Accor points if so how many points should I Park to get almost 7 to 10 days for a decent hotel .
Thank you.
Click to expand...
Yes you need to have atleast 2000 points. And it depends on which hotel you are looking to stay.
 
Upvote 0 Downvote
Hi Guys,
Given I only got Magnus in June and will get monthly milestones for both June and July..

Does it still make sense to spend 1lac in Aug on magus, given I'll transfer 6000 er of Aug before devaluation and remaining 10k after so total 16k points. Which can easily fetch 12%-13% returns..?
 
Upvote 0 Downvote
FinanceBaBa said:
Hi Guys,
Given I only got Magnus in June and will get monthly milestones for both June and July..

Does it still make sense to spend 1lac in Aug on magus, given I'll transfer 6000 er of Aug before devaluation and remaining 10k after so total 16k points. Which can easily fetch 12%-13% returns..?
Click to expand...
Yes, i think you already answered your own question 😀. Go ahead and spend 1 lac in August and make the most of the last “25k milestone” month.
 
Upvote 0 Downvote
For the month of June, has anyone received accelerated reward points for GiftEdge transactions? Milestone points for the month have hit my card a few days ago, but no sign of the bonus rewards yet. Today is supposedly the last day for all ER points to hit the account for the month of June.
 
Upvote 0 Downvote
ManasG said:
For the month of June, has anyone received accelerated reward points for GiftEdge transactions? Milestone points for the month have hit my card a few days ago, but no sign of the bonus rewards yet. Today is supposedly the last day for all ER points to hit the account for the month of June.
Click to expand...
Today is the last day for the milestone ER to be credited. The Giftedge accelerated points will take 120 days to be credited. Please wait.
 
Upvote 0 Downvote
ManasG said:
For the month of June, has anyone received accelerated reward points for GiftEdge transactions? Milestone points for the month have hit my card a few days ago, but no sign of the bonus rewards yet. Today is supposedly the last day for all ER points to hit the account for the month of June.
Click to expand...
It seems Gyftr and grab deals points won't come early. They only said about monthly milestone.
 
Upvote 0 Downvote
FinanceBaBa said:
Hi Guys,
Given I only got Magnus in June and will get monthly milestones for both June and July..

Does it still make sense to spend 1lac in Aug on magus, given I'll transfer 6000 er of Aug before devaluation and remaining 10k after so total 16k points. Which can easily fetch 12%-13% returns..?
Click to expand...
Unless you have Infinia go ahead.. great returns
 
Upvote 0 Downvote
ManasG said:
For the month of June, has anyone received accelerated reward points for GiftEdge transactions? Milestone points for the month have hit my card a few days ago, but no sign of the bonus rewards yet. Today is supposedly the last day for all ER points to hit the account for the month of June.
Click to expand...
Axis robbing us the accelerated ERs.. they didn't promise on timely credit
 
Upvote 0 Downvote
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