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

 

[deepcards]

I think 10:1 was part of the rumored pdf (which had 5:1 transfer ratio as well). They removed it and now added it. Wait for a few days, the 5:2 of Magnus and Reserve will also change to 5:1. Axis is losing it all the way. They are behaving what they always were "UTI Bank"- a government bank, owned by LIC , GIC, NIA, NIC and UTI wearing a mask of a Private Bank. Soon this Burgundy offer may also go away or devalued.

Im pretty sure the people at Axis don't understand that losing trust is the first nail in the coffin.

 

[mojo_jojo123]

I’m buying ER points at following prices :

If less than 25k then 45p per ER
If 25k to 1.5 lakh then 50p per ER
If more than 1.5 lakh then 55p per ER

Let me know if anyone is up for selling. Will buy small amounts as well if someone wants to clear up

what will you do of so many points brother ?

 

[Virgo]

Axis Reserve devalued again with Accor Transfer Ratio of 10:1

https://www.axisbank.com/docs/default-source/default-document-library/credit-cards/rstc.pdf

Is this something new? I thought this was already mentioned in the earlier devaluation document.

 

[Viper1057]

But in rstc.pdf, this is mentioned: *For Accor, transfer ratio will be 10:1 for Magnus (10 EDGE Reward Points = 1 Partner Point/Mile). Why the pdf for reserve mentions about Magnus Anyways we will have more clarity by next week with Burgundy Magnus+ news

 

[Harry1]

Axis Reserve devalued again with Accor Transfer Ratio of 10:1

https://www.axisbank.com/docs/default-source/default-document-library/credit-cards/rstc.pdf

Don't see mention of accor anywhere.

 

[Deleted member 9785]

 

[Harry1]

As i mentioned, not appearing now. They can't change conditions suddenly. They need to send another 30 days notice.

 

[deepcards]

As i mentioned, not appearing now. They can't change conditions suddenly. They need to send another 30 days notice.

Look at this link (from axis reserve official website): https://www.axisbank.com/docs/default-source/default-document-library/credit-cards/rstc.pdf

 

[ARV]

I think 10:1 was part of the rumored pdf (which had 5:1 transfer ratio as well). They removed it and now added it. Wait for a few days, the 5:2 of Magnus and Reserve will also change to 5:1. Axis is losing it all the way. They are behaving what they always were "UTI Bank"- a government bank, owned by LIC , GIC, NIA, NIC and UTI wearing a mask of a Private Bank. Soon this Burgundy offer may also go away or devalued.

Im pretty sure the people at Axis don't understand that losing trust is the first nail in the coffin.

I have been telling this from the time AXIS sent the revised T&C, you can't trust them. Now people want open Burgandy account with them

 

[kapoorsanyam]

what will you do of so many points brother ?

I often travel internationally (Europe + UK) brother. Hence I need points to book accommodations with Accor and flights with Turkish regularly

 

[Viper1057]

Look at this link (from axis reserve official website): https://www.axisbank.com/docs/default-source/default-document-library/credit-cards/rstc.pdf

This is same pdf which is attached on the OP. What people wanna proof with this? Both pdfs mention accor points ratio for reserve. Its not changed today!

 

[CMGCMG is verified member.]

Don't see mention of accor anywhere.

You are getting cached pdf. Attached the new file.

 

[deepcards]

This is same pdf which is attached on the OP. What people wanna proof with this? Both pdfs mention accor points ratio for reserve. Its not changed today!

The reason is that the OP's link directs to the website link. So Axis has changed the pdf which is there on the link.
If you want to compare, look at the 'rstc.pdf' file attached with the OP. that pdf doesn't mention anything about Accor points.

 

[Viper1057]

The reason is that the OP's link directs to the website link. So Axis has changed the pdf which is there on the link.
If you want to compare, look at the 'rstc.pdf' file attached with the OP. that pdf doesn't mention anything about Accor points.

Oh okay. and the axis-bank-reserve-credit-card-terms-and-conditions-pdf is the one which was released/leaked before rstc.pdf right? Sorry I don't have reserve so I don't followup how its happened, but never the less, why Axis Reserve T & C mentions about Magnus 10:1, are they smoking before making these PDFs?

 

[Harry1]

You are getting cached pdf. Attached the new file.

Wow, I tried downloading even in incognito mode and it still downloaded same pdf.

Edit: I used a different pc altogether, where I have never opened this link and still getting same pdf (no mention of accor anywhere).

 

[CMGCMG is verified member.]

Wow, I tried downloading even in incognito mode and it still downloaded same pdf.

For me too. Used a vpn to get the latest one.

 

[Harry1]

For me too. Used a vpn to get the latest one.

I would say that VPN is having wrong file then . How can I get cached version on another device, which I never used for same.

 

[hrish88]

And the excitement is back again on this thread

 

[typhoon]

I am buying magnus points, pm me those selling.

 

[Pointguy]

Anyone wants to sell ER points, message me. Min 20k miles (25k ER)