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

 

[UKJ]

Hi , I donot have any upcoming travel plans year( already visited Singapore this march)
I am looking to sell some of my edge regards point at 80p .
pls dm me if anyone wanna buy

@UKJ

 

[vinrey287]

Any way to know how much we have spent on a card in annually? Apart from going through each monthly statement.

 

[mojo_jojo123]

how are ppl planning to complete this month milestone ? given that gyftr x is reduced heavily and PG+ RG is not allowed now

 

[vinrey287]

how are ppl planning to complete this month milestone ? given that gyftr x is reduced heavily and PG+ RG is not allowed now

Travel edge

 

[Warlock27]

how are ppl planning to complete this month milestone ? given that gyftr x is reduced heavily and PG+ RG is not allowed now

Might not be the best way but I give gift vouchers to some friends at 6-7% discount (assuming I'll convert my ER to Accor). This way they get some good discounts and I end up making more than the discounts I gave.
Just make sure that your total credit cards spends in the FY don't end up being more than your total salary.

 

[ankitfintech]

Is anyone facing the issue of not getting notifications since yesterday? I am not getting notifications which I should get like replies to my posts or watches threads etc.. not sure where to post this and hence putting out on a post with lot of replies..

@Subhankar @TechnoFino

 

[SMGROW]

how are ppl planning to complete this month milestone ? given that gyftr x is reduced heavily and PG+ RG is not allowed now

Advance tax payment

 

[chowdaryking]

how are ppl planning to complete this month milestone ? given that gyftr x is reduced heavily and PG+ RG is not allowed now

what ever the returns maybe this is the last month we can get milestone benefit and keep the points to transfer @5:2 .
Thinking to finish the milestone b4 20th on this month so that we get to transfer that 6000 ER @5:4.
This is purely my case, others may have different plan.

 

[chowdaryking]

Guys any one have any suggestions on next best card other than Infinia ( trying to get it but my RM is not much support ), I am not so much keen in cash back but if that’s only option then I might take it till I get Inifinia. Thinking of upgrading to HDFC Regalia Gold if not getting Infinia for time being will that be a good option.

Yes I am keeping the card till my next renewal as this time it’s same annual fee as B4 as I got the initial 10000 back now I am thinking it’s a fee which got me 2 business class tickets on Singapore and 2 economy tickets to Europe or 1 economy to USA.

I am majorly looking for Miles or hotel points transfer if good option availability.

 

[chowdaryking]

Any way to know how much we have spent on a card in annually? Apart from going through each monthly statement.

Call customer care that’s the only option. They will give u till ur last billing cycle.

 

[chowdaryking]

which airlines do you recommend to transfer to ?

Bro if u r ok with traveling in economy and ur departure is from Mumbai or Delhi then definitely Turkish is best option as they give good promo options round the clock 365 days. B4 transfer creat ur Turkish account n do some search for your award tickets where ur intended to travel in future.
If not try Singapore as well they also give some good options if u plan ahead.

Rest no idea but if u like to keep options open the try Air Canada.

Open account in all three Turkish, Singapore n Air Canada and search for ur options for ur intended travel and decide.
All the best do it fast you have less time left for 5:4 transfer.

 

[vineet_c]

Any way to know how much we have spent on a card in annually? Apart from going through each monthly statement.

If you pay by cred. Go to card click on settings icon then choose paynent history. You can see past payments made on that card for 6 months and yiu can total those up. Beyond that take data from your past statements. I found is best and reliable data.

 

[_ayush]

Might not be the best way but I give gift vouchers to some friends at 6-7% discount (assuming I'll convert my ER to Accor). This way they get some good discounts and I end up making more than the discounts I gave.
Just make sure that your total credit cards spends in the FY don't end up being more than your total salary.

Does it matter that much that CC spends should be less than salary?

 

[Warlock27]

Does it matter that much that CC spends should be less than salary?

I read somewhere on Technofino that it could attract the prying eyes of IT Department. Don't know how true is this but better safe than sorry.

 

[typhoon]

If anyone selling magnus points then message me. (Click on profile then start conversation).
Thanks.

 

[vinrey287]

If you pay by cred. Go to card click on settings icon then choose paynent history. You can see past payments made on that card for 6 months and yiu can total those up. Beyond that take data from your past statements. I found is best and reliable data.

No I don't use Cred. Also can't go by payment amount as I keep making part payments before payment date

 

[kohliS]

I am also looking to buy magnus points, marriott points also welcome... dm

 

[shuperman]

Transferring 60000 to ITC and then converting them to MB points still allowed? I saw some one saying the rules have changed now? Is that true?

 

[VijayflyRaven]

After a lot of thought, decided to stay with Magnus and planning to open Burgandy (assuming Magnus is free). I have no other better options as of today. Keeping 10L in Burgandy is not a problem for me and the opportunity cost is not much if I make Axis a primary account.

 

[amitr29]

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 booked International return ticket on Travel edge and got the points in 10 days. Did booking on 27th and points credited on 7th