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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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Warlock27 said:
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.
Click to expand...
which ones at 6-7% discount ?
 
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mojo_jojo123 said:
which ones at 6-7% discount ?
Click to expand...
Anything could work.
Suppose they ask for an Amazon Voucher, I just buy it at 2x rewards. For an amount of 20000, I'll end up getting 1200 ER immediately and rest 1200 ER after 90-120 days. Assuming I transfer 1200 ER immediately and rest 1200 ER after I get them, I'll get around 1200*0.8 + 1200*0.4( 5:2 conversion post devaluation) = 1440 Accor Points, which are approximately equal to Rs.2500.
I give them at a discount of 6-7% which is equal to Rs.1200-1400. They end up saving some and I end up getting benefits in miles.
You can try this for annual benefit.
Note: Post September 1, the transfer ratio will change for initial 1200 ERs as well, in total you'll get 960 ERs which will be approximately equal to Rs. 1700 in Accor. Not the best deal but still OK I suppose.
 
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If someone has a working JAL account, can they please help me with the minimum miles required in Economy and Business (JA and/or partner airlines) from Hyderabad to Amsterdam flight, and from Venice to Hyderabad flight? Any dates in June 2024 should be fine.
I have around 80k ER pending that I want to transfer to an airline. I created a JAL account in July so still can't access it before 1st September.
Thanks in advanced.
 
Upvote 0 Downvote
i
Warlock27 said:
If someone has a working JAL account, can they please help me with the minimum miles required in Economy and Business (JA and/or partner airlines) from Hyderabad to Amsterdam flight, and from Venice to Hyderabad flight? Any dates in June 2024 should be fine.
I have around 80k ER pending that I want to transfer to an airline. I created a JAL account in July so still can't access it before 1st September.
Thanks in advanced.
Click to expand...
guess you can transfer it immediately but not use it until 60 days
 
Upvote 0 Downvote
Hello, If someone has a working JAL account, can you please connect. I need to check the prices and miles required for certain routes on some dates. I created an account recently but unable to see reward flights till 60 days. If anyone can connect and help me out, that would be a great help. Thankss !!
 
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