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

 

[sharad131]

Did anyone got normal ER points for transaction done on and after Aug 26th???

 

[chasni]

I'd made a traveledge transaction on 20th August. Got 5x today

Did on 6th and got today

 

[miles_guy]

Good News: Some nominal old Travel Edge 5x got credited Today.

Bad News: Did a high value transaction on Aug 26th and still waiting for normal ER points :-(

I did on 22, still waiting. Fingers crossed

 

[rogerthat]

200 pages baby! 😍

 

[Warlock27]

GrabDeals May ERs credited just now. Check yours.

 

[sharad131]

Seems like Team is working day night to clear grabdeal/traveledge credit. I hope they do credit normal ER points too for transactions done this week 😕

 

[yolosingh]

Got travel Edge 5x today. Booked on 22nd Aug

 

[Ankur dhanda]

I just made a 1L travel edge flight booking today. Sudden plan by relatives.
So I’ll just rather upgrade to Burgundy as my renewal is also due in sept. So 30k ER for travel edge plus 25k ER for 1L milestone for august. Keep it till I get these points and then see whether to continue or not.

 

[ankurarora898]

got the may grab deals points but points Missing for 3 transactions,anyone knows which email to write to? and travel edge is down btw if anyone trying to transfer 🫢

 

[Harry1]

GrabDeals May ERs credited just now. Check yours.

Not received, seems i need to raise ticket😅.

 

[pate]

Not receiving OTP from traveledge for miles transfer

 

[aggarwal]

Not receiving OTP from traveledge for miles transfer

Same issue with me. Not getting OTP. Looks like we will start getting from 1 Sep only 🙂

 

[sharad131]

Same issue with me. Not getting OTP. Looks like we will start getting from 1 Sep only 🙂

OTP not coming on SMS, but getting delivered via email successfully. Just redeemed.

 

[aggarwal]

OTP not coming on SMS, but getting delivered via email successfully. Just redeemed.

not coming for me even on Email at that time. Will retry now.

 

[Ravana_88]

OTP coming but payment getting failed

 

[Kaks2611]

not coming for me even on Email at that time. Will retry now.

OTP not coming on SMS, but getting delivered via email successfully. Just redeemed.

Trying for the past hr for redemption... but am unsuccessful every single time.

 

[aggarwal]

Trying for the past hr for redemption... but am unsuccessful every single time.

Now OTP was coming and transaction was still failing. Happened for about 15 mins. Was just now able to complete.

 

[amajethia]

Axis app is showing edge reward points but travel edge portal is showing zero. Also, not able to transfer the points.

 

[kuku1687]

Axis app is showing edge reward points but travel edge portal is showing zero. Also, not able to transfer the points.

I also faced the same lag in the morning. It was showing more on Edge Reward portal and less on travel edge. They got synced automatically after 3-4 hours.

 

[anilkrsh]

Looks like the portal is over burdened. 😓

Luckily I cleaned my points by Monday.

Also it's surprising that club ITC transfer just took 2 days. I transferred on Sunday and it hit my account on Tuesday.