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

 

[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?

 

[magnusholder]

Hi guys,
I had posted a similar question in another thread but no replies so far. If I redeem my ER points to JAL now but the points get credited after Aug. 31, will I get my 5:4 converted miles or 5:2?
Thanks

 

[sxchzy]

Hi guys,
I had posted a similar question in another thread but no replies so far. If I redeem my ER points to JAL now but the points get credited after Aug. 31, will I get my 5:4 converted miles or 5:2?
Thanks

5:4

 

[sxchzy]

date of credit doesnt matter
date of redemption matters

 

[thanix]

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 .. ?

It just takes couple of days only for transfer completion. So you can transfer it in one go or multiple times since you have 10 days left.

 

[SMGROW]

Did anyone receive the accelerated ER's for transactions done on Grab Deals for the month of May and June?

 

[Warlock27]

Did anyone receive the accelerated ER's for transactions done on Grab Deals for the month of May and June?

Not yet. Only recieved points and cashback for April.

 

[mojo_jojo123]

Hi guys,
I had posted a similar question in another thread but no replies so far. If I redeem my ER points to JAL now but the points get credited after Aug. 31, will I get my 5:4 converted miles or 5:2?
Thanks

why wait for last day .. what if there is some technical issue on that day

 

[Saarthak Parihar]

What is the benefit? If one person holds a burgundy account, can the linked family members also use the burgundy benefits? Like a burgundy debit card or something?

Linking family members let's us where the benifits with our family without them needing to maintain the NRV relationship. The NRV can be maintained by just one family member and all the family members can enjoy the benefits.

 

[Saarthak Parihar]

Interesting, with this we would be holding 2 Magnus cards.

Yeah but truth be told the Magnus won't be of much use. I'll just hold it till I get the bonus 25k August points to be credited in December and after that I'll just keep the other card.. will close magnus after getting the bonus points or maybe till it's renewal.

 

[Saarthak Parihar]

I also have burgundy. My question is do we need to move all our points before 31st Aug or burgundy holders dont need to as ratio will continue to be 5:4 ?

I'd suggest that you move all your points just to be safe, leave a couple thousand points and we can see what happens after 1st September. I've already moved majority of mine.

 

[Saarthak Parihar]

I'm using neu infinity for utility bill payment along with SBI Cashback+ Apay combo. So didn't needed ace. Most other spends were diverted to magnus for monthly milestone ( which no longer applies ) .

Limit on my ace was 1.5 L compared to 5.1 L on my other 3 axis cards and they were not ready to increase it.

Closed ace to get samsung infinite with 5.1 L limit . Will upgrade ( rather downgrade ) it to Ace card.

As I've burgundy account , I'm waiting with my magnus till it's renewal in jan next year to see if they waive the renewal fee.

I guess the limits across the Axis Bank cards have been combined. The highest limit card will be the total pool of limit given to customers and all the cards you hold share the same pool.

 

[Saarthak Parihar]

As a non burgundy customer, should I stop spending from my magnus as the accelerated points might get credited in September. Or can we expect all giftedge and grabdeals points to get credited before 31st august. Anyone knows?

Cards like HDFC infinia and diners black offer more returns in that case, considering that you do hold those cards.. HDFC doesn't issue those cards easily.

 

[MilesMax]

Yeah but truth be told the Magnus won't be of much use. I'll just hold it till I get the bonus 25k August points to be credited in December and after that I'll just keep the other card.. will close magnus after getting the bonus points or maybe till it's renewal.

I'd still keep it for a year as I have passed the threshold spends for renewal fee waiver.
1 more 40% off eazydiner, extra lounge for friends and family, additional PP etc.

 

[kapoorsanyam]

Hello All, I’m looking to buy ER points. If anyone is looking to sell, please do let me know. Even few thousands to upto 3 lakh, do let me know I’ll buy. Thanks !!

 

[captaintorchtm]

What's the calculation after devaluation between Magnus vs Vistara Infinite?
Should I change Magnus with Vistara Infinite?
or keep Magnus and get Vistara signature?

 

[sxchzy]

What's the calculation after devaluation between Magnus vs Vistara Infinite?
Should I change Magnus with Vistara Infinite?
or keep Magnus and get Vistara signature?

why is vistara variable and magnus fixed?
i mean if vistara is variable then choose according to your needs biz tix or prem eco tix

 

[typhoon]

Buying magnus points, pm me those selling.