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Axis Magnus Magnus, Reserve & Other Axis Bank Credit Cards | Devaluation w.e.f. 1st Sep 2023.

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bugmenot

bugmenot

TF Legend
-- 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


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


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

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

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
 

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Guys, I have accomplished 1.5 lac spends in September (excluding traveledge, gyftr).
Now i need to purchase some things & pay bills through Amazon. As Amazon gyftr gives only 2x, while the spends beyond 1.5 lac fetch almost 3x points, I think there is no use buying 2x vouchers through Gyftr? I should just pay directly by card through Amazon to fetch 35 ER/200/-?
 
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rohitb said:
Don't believe everything you hear. Do your own research. Not sure about about the upper bound but lower bound is definitely not 5% rather close to 0.
Click to expand...
Agree.

Some folks are going on about huge fare differential.
Definitely hasnt been my experience.

Even international fares of close to 2L, I've found the difference to be Rs. 300-400 at best, unless the fare class comes into the picture.
 
Upvote 0 Downvote
Warlock27 said:
I've booked around 5-6 times using traveledge and in all instances I saw same prices on SkyScanner and Traveledge. Although I usually do my booking well in advance, maybe on closer dates there could be some difference.
Click to expand...
so it all comes down to instance card or couippon discount at skyscanner vs 5x rewards points
need to do a cost benefit analysis
 
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xywowowvw said:
so you are saying traveledge flights are as cheap as skyscanner?
i don't think it is possible
Click to expand...
I don't know about skyscanner, but I got tha price almost as close to makemytrip/yatra /company site/ smartbuy, infact as same as them when accounting for 'convenience charges' some of those sites levy. I have booked around 10 tickets from traveledge in last 6 months , couple of international ones . Max diff I saw when I booked was around 2-3% which I found ok. One time I found huge difference on international side, in which case I moved to smartbuy.
 
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Warlock27 said:
I've booked around 5-6 times using traveledge and in all instances I saw same prices on SkyScanner and Traveledge. Although I usually do my booking well in advance, maybe on closer dates there could be some difference.
Click to expand...
Same here. I too am usually an early planner. Most of my bookings except for couple of domestic ones were at least month + in advance.
 
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www.technofino.in

Axis Magnus - Rumor with burgundy axis magnus could be LTF (by Sep 2023 it should be official by axis i think you never know though)

Just received confirmation from bank officials that they will provide Magnus LTF for Burgundy customers from Sep 1st onwards
www.technofino.in www.technofino.in
rohitb said:
I don't know about skyscanner, but I got tha price almost as close to makemytrip/yatra /company site/ smartbuy, infact as same as them when accounting for 'convenience charges' some of those sites levy. I have booked around 10 tickets from traveledge in last 6 months , couple of international ones . Max diff I saw when I booked was around 2-3% which I found ok. One time I found huge difference on international side, in which case I moved to smartbuy.
Click to expand...

someone in this forum mentioned that the prices on smartbuy and traveledge are 5-7% higher that's how they afford to give 5x reward points.
also as i mentioned if the prices are same or negligible diff it all boils down to 5x rewards points vs instant coupon/card discounts of booking sites
that's where the cost benefit analysis should be done
 
Upvote 0 Downvote
xywowowvw said:
www.technofino.in

Axis Magnus - Rumor with burgundy axis magnus could be LTF (by Sep 2023 it should be official by axis i think you never know though)

Just received confirmation from bank officials that they will provide Magnus LTF for Burgundy customers from Sep 1st onwards
www.technofino.in www.technofino.in


someone in this forum mentioned that the prices on smartbuy and traveledge are 5-7% higher that's how they afford to give 5x reward points.
also as i mentioned if the prices are same or negligible diff it all boils down to 5x rewards points vs instant coupon/card discounts of booking sites
that's where the cost benefit analysis should be done
Click to expand...
It's a no brainer, 24% return versus 0-- 3% extra charge
 
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Warlock27 said:
Just found out today, Axis offers EazyDiner Prime yearly membership for Re.1 on Add-On cards as well on Magnus.
I took Add-On card for my wife in August and she received this offer today along with all the birthday coupons as well.
Click to expand...
My birthday was in July. I got the birthday coupons in July as well as yesterday (September). Its totally random. Out of the blue Axis sends me 50% off upto 3000 ezydiner coupon. I think Axis is drunk as always and has nothing to do with add on cards.
 
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aashish2137 said:
My birthday was in July. I got the birthday coupons in July as well as yesterday (September). Its totally random. Out of the blue Axis sends me 50% off upto 3000 ezydiner coupon. I think Axis is drunk as always and has nothing to do with add on cards.
Click to expand...
i also received the same coupon yesterday, but it won't work again, please don't plan something out 😀
 
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