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

 

[D7162]

Same same.

Pleas update once you receive avios, mine is still pending

 

[Harry1]

Pleas update once you receive avios, mine is still pending

Which destination is good for avios?

 

[vinrey287]

Its a Wait n Watch game now.. 1st someone said 11th sept now 15th sept

Axis has just deployed the code in UAT env. once bugs are raised they will fix and deploy in the same env renaming it as Prod

 

[D7162]

Which destination is good for avios?

Dont have any specific in mind, chose avios as it can be used in BA and other oneworld partners as well

 

[drsel]

Pleas update once you receive avios, mine is still pending

Avios points have a very poor value.
not a good idea to convert to Avios.

Among airlines, Singapore and United miles are the best value.
Singapore Airlines has a very low tax component when you use their miles.
United has a lower mile requirement for very long distance flights

 

[D7162]

Avios points have a very poor value.
not a good idea to convert to Avios

Yes i feel that now as well, but that was the only option of linking to oneworld flights

 

[drsel]

Yes i feel that now as well, but that was the only option of linking to oneworld flights

Better buy the air tickets on traveledge portal using Magnus card to get 60 points per 200.

Among airlines, Singapore and United miles are the best value.
Singapore Airlines has a very low tax component when you use their miles.
United has a lower mile requirement for very long distance flights

 

[D7162]

Better buy the air tickets on traveledge portal using Magnus card to get 60 points per 200.

Among airlines, Singapore and United miles are the best value.
Singapore Airlines has a very low tax component when you use their miles.
United has a lower mile requirement for very long distance flights

Thing is, its done so dont want to regret anything, will try to use where i can get max value

 

[nikhilesh71]

Flights- Singapore & United loyalty programs are best. Hotels- Accor is best, ITC-2nd best. I transferred all my 3 Lakh points to these combined.

 

[singhapurv]

JAL is best for flights.

You can book international tickets using Qatar , BA , Qantas and Vistara and points requirements are lower than carrier.

E.g. Delhi-Frankfurt RT via Vistara would cost 60 CV points but only 45k JAL points in economy class

 

[drsel]

JAL is best for flights.

You can book international tickets using Qatar , BA , Qantas and Vistara and points requirements are lower than carrier.

E.g. Delhi-Frankfurt RT via Vistara would cost 60 CV points but only 45k JAL points in economy class

Yes, JAL mile requirement is very low.
(And Vistara miles requirement is very high, higher than Singapore Airlines)
Problem is the taxes of JAL are very high compared to Singapore Airlines.

Also they don't fly to Mumbai.
So people in Mumbai will have to fly to Bangalore or Delhi to catch the JAL flight, it will be more troublesome

 

[nikhilesh71]

JAL is best for flights.

You can book international tickets using Qatar , BA , Qantas and Vistara and points requirements are lower than carrier.

E.g. Delhi-Frankfurt RT via Vistara would cost 60 CV points but only 45k JAL points in economy class

Best is not decided solely on no of points needed. Factors- Taxes, availability, Flexibility(Cancellation on award tickets), points expiry, ease of usage(Should be bookable online), Customer service in case of issues. It is combination of all these factors. And when we combine these, United & Singapore stand out above all.

 

[drsel]

Best is not decided solely on no of points needed. Factors- Taxes, availability, Flexibility(Cancellation on award tickets), points expiry, ease of usage(Should be bookable online), Customer service in case of issues. It is combination of all these factors. And when we combine these, United & Singapore stand out above all.

Absolutely correct and Vistara availability is very low for award flights.
They have only two economy seats, that too only on selected flights.
I am not sure about JAL available award seats.
Singapore has got excellent customer service and its one of the best airlines in the world.
They have received the best airline in the world award many times.

 

[rogerthat]

Better buy the air tickets on traveledge portal using Magnus card to get 60 points per 200.

Among airlines, Singapore and United miles are the best value.
Singapore Airlines has a very low tax component when you use their miles.
United has a lower mile requirement for very long distance flights

Yes Singapore and United give the best value. However it is not that simple either. Just like credit cards are to be used to primarily get extended repayment credit on purchases with the rewards being an additional benefit, airline points are to be used to supplement your payment for tickets. Just redeeming points for airlines or hotels you don't have a use for but only because they give "value" is manufacturing those spends.

For instance I have no need flying eastwards from India to take SQ and I am not going to manufacture a reason to go to Singapore to use that value. No way I am going to take a series of SQ flights from India to Europe.

Also, not everyone lives in Mumbai or Delhi. United and Turkish are hence off the table. I am not going to spend an additional whatever it is flying to Mumbai and then dealing with the hassle of baggage retrieval, re-check in etc. to use the value. All this would be akin to manufacturing spends.

I travel to Europe or UK and from where I am, the only sensible options are EK or QR. Ultimately you are paying for the ticket and it is nice to use the points to get some value back. Also the good part about Avios is that the taxes might be high, but so is availability of seats.

 

[makster92]

Guys, I am getting 20:1 ratio on axis magnus now. Be it Accor or anything else, I called Axis they said it maybe because their app is reflecting the conversion ratio of my other card (Vistara Infinite). Anyone else on the same boat?

 

[drsel]

Guys, I am getting 20:1 ratio on axis magnus now. Be it Accor or anything else, I called Axis they said it maybe because their app is reflecting the conversion ratio of my other card (Vistara Infinite). Anyone else on the same boat?

So Axis has become very smart now.
they are using the lowest value card in your portfolio of 3 cards to decide the conversion ratio.

If I were you I would close the Vistara infinite card.
Vistara has very limited award seats for club vistara points/miles, which you will get by using this card.

There only 2 economy award seats, 2 Premium economy award seats and 2 business class award seats per flight, that too not on all flights.

Posters complain that they cannot get award seats on the flight of their choice, which defeats the purpose of having any Vistara card, whether Axis Vistara or SBI.

 

[Thomas244]

I am not getting award seats for 2 trips I am planning in October and November. I feel cheated basically all the points and vouchers just remain

 

[drsel]

I am not getting award seats for 2 trips I am planning in October and November. I feel cheated basically all the points and vouchers just remain

And they won't remain forever, they also have an expiry date

 

[kapoorsanyam]

Guys, I am getting 20:1 ratio on axis magnus now. Be it Accor or anything else, I called Axis they said it maybe because their app is reflecting the conversion ratio of my other card (Vistara Infinite). Anyone else on the same boat?

Same here. I only hold Magnus and got atlas 2-3 days back. I don’t know what the fck is their criteria.

 

[UKJ]

I was just about to apply for an Axis Vistara Infinite. After reading about the difficulties in getting any voucher ticket booking I'm rethinking if it is worth it to spend 10000+GST on a card whose vouchers may not get used practically.