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

 

[saketreddy]

Can anyone please reply?

No.

The 60 day time period is to update a secondary/new partner loyalty ID.

 

[anup4solutions]

No correction will be done.
Your hotel classified itself under rent mcc for some reason
So it will be considered as rent

Hmm, ok. I am surprised as the hotel was Taj hotel.

 

[anup4solutions]

It won't count towards 1L milestone too.

It won't count towards 1L milestone too.

Ok, noted. I am indifferent to this as I have clocked 1L from other spends..

 

[rockysindona]

That's exactly what I asked, i already had previously added Mariott bonvoy as a LinkedIn partner 3 months or 90 days back. If I want to add an airline partner now, do i have to wait for 60 days before transferring my points there? Because someone here said I can add any new partner and immediately transfer the points.

No.

The 60 day time period is to update a secondary/new partner loyalty ID.

 

[rockysindona]

Has anyone done this? Also, once you add a second partner, can we still transfer points to the first one or do they get removed automatically?

No.

The 60 day time period is to update a secondary/new partner loyalty ID.

 

[Deleted member 11974]

Hmm, ok. I am surprised as the hotel was Taj hotel.

no idea why taj would do so

 

[UKJ]

Yes, you can keep adding new airline and hotel partners back to back.

For the time being you can add multiple partners. This will change from Sept 1.

 

[thanix]

That's exactly what I asked, i already had previously added Mariott bonvoy as a LinkedIn partner 3 months or 90 days back. If I want to add an airline partner now, do i have to wait for 60 days before transferring my points there? Because someone here said I can add any new partner and immediately transfer the points.

Now you can add any number of hotel and airlines partner. Restrictions are only after 1 Sep

 

[thanix]

no idea why taj would do so

I used DCB in a trip to Europe. A souvenir shop is categorized as apartment. So didn't get any points. Luckily first rent payment is free in HDFC. Otherwise it would have been terrible.

 

[Deleted member 11974]

I used DCB in a trip to Europe. A souvenir shop is categorized as apartment. So didn't get any points. Luckily first rent payment is free in HDFC. Otherwise it would have been terrible.

foreign countries merchants are much more hopeless than india

 

[chowdaryking]

That's exactly what I asked, i already had previously added Mariott bonvoy as a LinkedIn partner 3 months or 90 days back. If I want to add an airline partner now, do i have to wait for 60 days before transferring my points there? Because someone here said I can add any new partner and immediately transfer the points.

Bro just chill and create your choice of airline partner and it will be linked momentarily as u confirm the OTP.
Once u done with that u can start point transfer ER to airline miles.

 

[deepcards]

I heard from a RM (whom I contacted to open a burgundy salary account and LTF magnus) that the burgundy + magnus 5:4 transfer is temporary, it's going to change probably in some time, most likely March 24. Any body here knows anything with this respect?

 

[anup4solutions]

I heard from a RM (whom I contacted to open a burgundy salary account and LTF magnus) that the burgundy + magnus 5:4 transfer is temporary, it's going to change probably in some time, most likely March 24. Any body here knows anything with this respect?

Let's use it till it's 5:4..

 

[mojo_jojo123]

burgundy salary account will give 5:4 only if pre month salary creidit is > 3L ? what if some month salary credit is 2.5 ?

 

[K.R]

That's exactly what I asked, i already had previously added Mariott bonvoy as a LinkedIn partner 3 months or 90 days back. If I want to add an airline partner now, do i have to wait for 60 days before transferring my points there? Because someone here said I can add any new partner and immediately transfer the points.

Hi Rocky
My answer was for the partner and not Axis. There is no restrictions from the partners. Yes Axis had recently introduced restrictions on adding/linking partners in their site.even the Axis restrictions might be applicable only from 1st Sep as few mentioned above

 

[K.R]

Thanks. This info helps 🙂

Main member doesn't need to travel.

Can book for others without member travel.

 

[mojo_jojo123]

to register accor in axis gift edge , we have to give accor id without spaces or with spaces as it is shown in accor site ? also can I start transferring immediately ?

 

[Karthik24]

to register accor in axis gift edge , we have to give accor id without spaces or with spaces as it is shown in accor site ? also can I start transferring immediately ?

Without space... entire id

 

[mojo_jojo123]

Without space... entire id

thanks .. can I do multiple transfer in same day given that I have just 10 days left now , shall I transfer in one go or do in trenches .. ?

 

[Hisoka]

Hey everyone, was planning to transfer points so was making a list of possible miles required to each country. All flights are from Delhi, thought of posting it here. Also, I've 2 questions here

1. Is there any other flight partner for south asian countries (first 10) which might offer better transfer rate than Singapore airlines? Or a flight partner in general I'm missing here?
2. I tried searching for airasia but I wasn't able to find page which shows required miles for each country. Can anyone tell if it's possible or not?