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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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chowdaryking said:
It’s around 100 USD I guess, but can’t confirm as I never did it. That’s the reason I book it when my travel is confirmed.
Regarding the last minute availability on Turkish and Singapore airlines it depends on time data and flexibility, usually it’s tough for business class but I never faced any problems for economy or premium economy. I usually book economy for small trips like 2 to 4 hrs economy, more than that premium economy. If I planned early then business class.
Note:- it’s tough to get business class on Singapore for last minute, but Turkish u will have good chances to get business class tickets even last minute bookings.
Click to expand...
TK cancellation is $70. SQ is $75 for saver tickets. United is free cancellation
 
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SamK said:
Even I did not get July milestone RPs yet. Emailed traveledge support and waiting.
Click to expand...
TravelEdge support team responded as below. Called up Axis bank customer service on below number and they said they are still processing for some customers and it may take another 2-3 working days to complete for everyone.

"We regret the inconvenience faced by you. You will have to contact Axis Bank's - Customer service team on 1860 419 5555 or 1860 500 5555 regarding the issue faced by you related to milestone benefits."
 
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chowdaryking said:
Bro don’t look for benefit look into where u like to utilize Hotel or airline miles.
Only for benefit it’s btr to transfer to Accor. U will get directly 1.8Rs per point.
But I recommend for airlines miles, as its best option for last minute travel plans especially for international travel, if considering the flight tickets cost for travel at last minute some times u get even a valuation of Rs 1 or even .80 it’s btr than buying flight tickets at higher cost.

N sorry I can’t comment on hotels points game as I prefer miles game as I am ok to stay at AIR BNB as we’ll for my travel not in to 5 star Hotel n stuff for time being.😉
Click to expand...
which airlines do you recommend to transfer to ?
 
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gurbina said:
You're correct.

The rule is that you can only transfer to your own accounts. From others cards I have the name must match and sometimes even other details such as email id.

But Axis or whoever manages transfers, doesn't. I haven't heard of anyone trying lately as they seem to be more careful and thorough lately. Instant transfers aren't instant anymore and seems like they're scrutinizing before letting them through.

But as per TnC of most of these loyalty programs and Axis, it is NOT allowed.

There's a risk of losing your points and getting these accounts suspended.
Click to expand...
Yes, but then how are people selling their points?

Also, I've only read of requests for selling/buying points, yet to hear of anyone who has successfully did so.
 
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