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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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Last edited:
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chowdaryking said:
Best u transfer to Qatar Airways or Turkish Airlines. Between these two for Dubai, best is Qatar and best part is Qatar operating its first class seats to Dubai, n yes u can book that via miles. and book in advance for these miles tickets u will get btr deals with Qatar.
Click to expand...
The only problem with Turkish is for booking multiple tickets. I doubt that it can be done on the website directly even after adding a family member as a co-traveller in your profile.
 
Upvote 0 Downvote
chowdaryking said:
It actually depends if u r ok with economy tickets then yes.
As I told previously also, it’s very easy to get offers on Turkish airlines, around 20,000 Miles ( not ER points ) will get u one way economy tickets from Delhi or Mumbai to European countries.
Click to expand...
That's my concern. Most of the good offers for Europe travel is mainly from Mumbai or Delhi.. hardly get many from Bangalore. Even the Vistara network is limited for Bangalore. And I perfectly fine with economy tickets l.

Will check krisflyer to check options. I was looking for flight tickets to any South Asian country for 2 adults and 1 kid.. can pay the shortfall with cash/card. Even Srilanka is fine 🙂
 
Upvote 0 Downvote
ketz1981 said:
The only problem with Turkish is for booking multiple tickets. I doubt that it can be done on the website directly even after adding a family member as a co-traveller in your profile.
Click to expand...

My wife will kill me if I go on business class alone so its important I am able to book 2 biz class tickets together 😛

So the best option so far for me is Etihad?
 
Upvote 0 Downvote
Viper said:
Is 40000-45000 edge points enough for a couple of flight seats from Bangalore (to outside India)? I don't think so, but want to get a confirmation.. if not, planning to put these in accor and enjoy a few days off in Goa.?

Any other suggestions?
Note: got Magnus in May end.
Click to expand...
Club vistara 40000 mei hojayega return Muscat Maldives return .
 
Upvote 0 Downvote
Viper said:
That's my concern. Most of the good offers for Europe travel is mainly from Mumbai or Delhi.. hardly get many from Bangalore. Even the Vistara network is limited for Bangalore. And I perfectly fine with economy tickets l.

Will check krisflyer to check options. I was looking for flight tickets to any South Asian country for 2 adults and 1 kid.. can pay the shortfall with cash/card. Even Srilanka is fine 🙂
Click to expand...
15K for Sri Lanka return flight from BOM via JAL + 7k taxes
 
Upvote 0 Downvote
Was looking at excluded services from earning reward points and milestone benefits on Magnus. The following is excluded:
  • Wallet Loads
  • Rent
  • Telephone bill payments
  • Internet bill payments
  • TV (DTH) Recharges and bill payments
  • Electricity, Gas and Water bill payments
  • Fine related payments
  • Tax Payments
  • Any other government services
Essentially all our needs are excluded. Axis just wants us to spend on movies, shopping and travel. Just trying to understand how can someone (an average Joe like me) spend 25L in a year with all these exclusions? Even with 1-2 foreign trips with family in a year, this looks like a difficult feat. And no renewal benefits add a literally shitty topping.
 
Last edited:
Upvote 0 Downvote
vikramsrit said:
Was looking at excluded services from earning reward points and milestone benefits on Magnus. The following is excluded:
  • Wallet Loads
  • Rent
  • Insurance sale, Underwriting and Premiums
  • Insurance Premiums
  • Telephone bill payments
  • Internet bill payments
  • TV (DTH) Recharges and bill payments
  • Electricity, Gas and Water bill payments
  • Fine related payments
  • Tax Payments
  • Any other government services
Essentially all our needs are excluded. Axis just wants us to spend on movies, shopping and travel. Just trying to understand how can someone (an average Joe like me) spend 25L in a year with all these exclusions? Even with 1-2 foreign trips with family in a year, this looks like a difficult feat. And no renewal benefits add a literally shitty topping.
Click to expand...
what about College fees payment??? Is it excluded too from September???
 
Upvote 0 Downvote
Has anyone got the monthly credits for July spends? It was to come in ER account by 10th Aug! Not sure, if axis is being proactive this time or not!
 
Upvote 0 Downvote
Stevie G said:
what about College fees payment??? Is it excluded too from September???
Click to expand...
vikramsrit said:
Was looking at excluded services from earning reward points and milestone benefits on Magnus. The following is excluded:
  • Wallet Loads
  • Rent
  • Insurance sale, Underwriting and Premiums
  • Insurance Premiums
  • Telephone bill payments
  • Internet bill payments
  • TV (DTH) Recharges and bill payments
  • Electricity, Gas and Water bill payments
  • Fine related payments
  • Tax Payments
  • Any other government services
Essentially all our needs are excluded. Axis just wants us to spend on movies, shopping and travel. Just trying to understand how can someone (an average Joe like me) spend 25L in a year with all these exclusions? Even with 1-2 foreign trips with family in a year, this looks like a difficult feat. And no renewal benefits add a literally shitty topping.
Click to expand...
I think insurance is not excluded from milestone, only the points are capped.
 
Upvote 0 Downvote
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