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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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vineet_c said:
Airindia dometic sector. Please refer to star alliance chart on krisflyer website. You can search award flights on krisflyer site click on redeep and punch in the sector. Dontt forget to change the airlines to star alliance on the tab above the search options
Click to expand...
Thank u just got it finally. It’s showing 13500 for all sectors though. But it’s showing air India which I was not getting before I clicked the star alliance
 
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Ajai Singh said:
AXIS going crazy had done a transaction on 31st July on 11.40PM and it showed up as 1st Aug transaction in unbilled. Have mail PNO officer lets see what happens.
Click to expand...
This is what they will see
“The transaction date appearing in the statement is not derived by the system, but it is send by the Acquirer or Merchant in the settlement data and is not in our control. The transaction date depends on the data received from the Merchant. Hence, we are unable to make any changes on transaction posting dates.”
 
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Updated first post with devaluation details of MyZone, Privilege, Select and Ace credit cards.

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

-- 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...
www.technofino.in www.technofino.in

No more 2% on government services (MCCs - 9399) spends
 
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Guys I have about 2L points. Planning to travel to Bali and/or Thailand and Europe within next 1 year. What's the best place to park the points? Since it's 2nd Aug already, I think I have only 8 days to transfer the points to get 5:4 ratio?
 
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dmittal said:
Guys I have about 2L points. Planning to travel to Bali and/or Thailand and Europe within next 1 year. What's the best place to park the points? Since it's 2nd Aug already, I think I have only 8 days to transfer the points to get 5:4 ratio?
Click to expand...
Wait I thought we have till end of August since changes come into effect on 1st sep.

Where did you read this 10th August thing?
 
Upvote 0 Downvote
Samrock90 said:
This is what they will see
“The transaction date appearing in the statement is not derived by the system, but it is send by the Acquirer or Merchant in the settlement data and is not in our control. The transaction date depends on the data received from the Merchant. Hence, we are unable to make any changes on transaction posting dates.”
Click to expand...
Yes, I've experienced this in the past. They did not change the settlement date.
 
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