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

 

[neo.puneet]

If I dont have a burgundy account, and plan to use my Axis Magnus for International flight bookings via travel edge would the effective reward be 5x and worth utilising it? and also what is the current Accor ALL transfer ratio for Magnus post Sep 1?

yes, it would be worth it. 5x means 60 points / 200. for example: you spend 10K INR on traveledge, you will receive 3000 ER.
transfer ratio is 5:2 and it is same for accor, i transferred recently. 3000 ER translates to 1200 ALL that is 1200 x 1.8 = 2160 INR.
effective returns if transferred to accor is 21.6%

All hail! The Lord of Darkness.

 

[Lord Of Darkness]

If don't have burgundy, conversion ratio to all partner will be 5:2 for magnus.

Any idea about Accor please? coz my main use is for Accor points which I plan to use - if it is 10:1 would not make much sense.

 

[Lord Of Darkness]

yes, it would be worth it. 5x means 60 points / 200. for example: you spend 10K INR on traveledge, you will receive 3000 ER.
transfer ratio is 5:2 and it is same for accor, i transferred recently. 3000 ER translates to 1200 ALL that is 1200 x 1.8 = 2160 INR.
effective returns if transferred to accor is 21.6%

All hail! The Lord of Darkness.

Awesome then, let me go ahead with my booking through Travel Edge 🙂

 

[Pawan_KS]

Even then if I consider base rewards at 1.2% considering 0.2 Rs per edge reward, still 5X would still be 12% return for non Burgundy which I still think is decent rewards if we use travel edge.

For non burgundy:
base reward will be 6%(actual money) for 5x and if we convert the 5x points to accor it will still get 21.6% value.

 

[Deleted member 11974]

yes, it would be worth it. 5x means 60 points / 200. for example: you spend 10K INR on traveledge, you will receive 3000 ER.
transfer ratio is 5:2 and it is same for accor, i transferred recently. 3000 ER translates to 1200 ALL that is 1200 x 1.8 = 2160 INR.
effective returns if transferred to accor is 21.6%

All hail! The Lord of Darkness.

Even then if I consider base rewards at 1.2% considering 0.2 Rs per edge reward, still 5X would still be 12% return for non Burgundy which I still think is decent rewards if we use travel edge.

Traveledge prices are 5-7% costlier is what I have heard compared to the cheapest flights available via Skyscanner.
Do cost benefit analysis and decide

 

[Deleted member 11974]

Axi

Any idea about Accor please? coz my main use is for Accor points which I plan to use - if it is 10:1 would not make much sense.

S reserve has devalued accor transfer to 10:1 not sure about magnus

 

[Swap24]

I was trying to register rent payment on Red Giraffe through a credit card but can't find Axis Bank in the selection menu of card selection...... Why so.....anybody pay with red giraffe via Axis Magnus????

 

[bhandchawla]

people stopped red giraffe

 

[MilesMax]

I was trying to register rent payment on Red Giraffe through a credit card but can't find Axis Bank in the selection menu of card selection...... Why so.....anybody pay with red giraffe via Axis Magnus????

Use Cred instead.

 

[Pawan_KS]

Use Cred instead.

yes cred is best these days

 

[rohitb]

Traveledge prices are 5-7% costlier is what I have heard compared to the cheapest flights available via Skyscanner.
Do cost benefit analysis and decide

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.

 

[rogerthat]

Pleas update once you receive avios, mine is still pending

I got my Avios credited day before yesterday. Please check yours

 

[ishanmontella]

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/-?

 

[Swap24]

yes cred is best these days

cred charges 2% on rent

 

[Deleted member 11974]

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.

so you are saying traveledge flights are as cheap as skyscanner?
i don't think it is possible

 

[SM24]

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.

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.

 

[Warlock27]

so you are saying traveledge flights are as cheap as skyscanner?
i don't think it is possible

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.

 

[Deleted member 11974]

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.

so it all comes down to instance card or couippon discount at skyscanner vs 5x rewards points
need to do a cost benefit analysis

 

[bhandchawla]

Yes even I found negligible difference in traveledge and skyscanner

 

[rohitb]

so you are saying traveledge flights are as cheap as skyscanner?
i don't think it is possible

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.