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

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-- 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
 

Attachments

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MilesMax said:
You are not wrong. there isn't any one single card apart from Infinia that can do better than Magnus (w burgundy) in all categories. Even Infinia doesn't at some scenarios.

You have to use a portfolio of cards. One for fuel, one for utility bills, one for govt payments etc. at places where Magnus doesn't reward you.
Other than that it's a still a solid card to keep for gyftr, travel and airmiles conversion.
Click to expand...
Magnus burgundy 24% beats Infinia 14.5% on airtickets.
Also 4.8% vs 3.3% on non travel transactions.
For hotels I get 35% discount with Kotak
 
Upvote 0 Downvote
Now the main question for those who have Magnus without Burgundy--
will they get 5:2 or 5:1 ratio for the other cards in their portfolio ?

and Magnus with Burgundy--
will they get 5:4 or 5:2 or 5:1 for the other cards in their portfolio?
 
Last edited:
Upvote 0 Downvote
After removal of linked Travel Partners are you guys able to add it back. For me it takes me to the screen but I donot receive the OTP to verify the account.
 
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I just tried it 2 minutes back, and was able to add successfully (received OTP within seconds). Not initiating transfer right now at 5:2, waiting for burgundy 5:4 to kick in.
Krishnaraju said:
After removal of linked Travel Partners are you guys able to add it back. For me it takes me to the screen but I donot receive the OTP to verify the account.
Click to expand...
 
Upvote 0 Downvote
xywowowvw said:
magn

us without burgundy normal rate on other cards 5:1 according to the card
and same with burgundy also if i am not wrong
Click to expand...
Yes but Magnus plain gets a conversation ratio 5:2
And all the edge points from all 4 cards in the portfolio will be combined in the same pool of edge reward points.
so obviously they will also have to be converted at 5:2, correct?

Magnus with Burgundy gets a conversation ratio 5:4
And all the edge points from all 4 cards in the portfolio will be combined in the same pool of edge reward points.
so obviously they will also have to be converted at 5:4, correct?
 
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drsel said:
Yes but Magnus plain gets a conversation ratio 5:2
And all the edge points from all 4 cards in the portfolio will be combined in the same pool of edge reward points.
so obviously they will also have to be converted at 5:2, correct?

Magnus with Burgundy gets a conversation ratio 5:4
And all the edge points from all 4 cards in the portfolio will be combined in the same pool of edge reward points.
so obviously they will also have to be converted at 5:4, correct?
Click to expand...
For the 2nd part No.
Only points earned from Magnus can be converted at 5:4. Someone had uploaded a screenshot of traveledge where there were 3 categories.
Edge Miles / Magnus Burgundy / Edge Rewards.
So points will go to a different bucket. Only those will get 5:4.
If this is not the case, then they won't have a clause saying that to get 5:4 for Reserve you need Burgundy Private.

Other nuances like what will happen to existing points, or will all other cards have their own conversion ratio or remaining will convert at 5:2. No one has any info about that yet.
 
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drsel said:
Yes but Magnus plain gets a conversation ratio 5:2
And all the edge points from all 4 cards in the portfolio will be combined in the same pool of edge reward points.
so obviously they will also have to be converted at 5:2, correct?

Magnus with Burgundy gets a conversation ratio 5:4
And all the edge points from all 4 cards in the portfolio will be combined in the same pool of edge reward points.
so obviously they will also have to be converted at 5:4, correct?
Click to expand...
The only card eligible for 5:4 ER now is Burgundy Private. So with this, the ER from all your cards(normal Magnus and Reserve) can be converted at 5:4 conversion.
Supposedly, the other card having a 5:4 conversion will be the Burgandy Magnus, which will have a new loyalty currency. So ER, EM and Burgandy Magnus' points will be segregated accordingly. So it won't be possible to convert the accrued ER from other cards at 5:4 using Burgandy Magnus.
 
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drsel said:
Yes but Magnus plain gets a conversation ratio 5:2
And all the edge points from all 4 cards in the portfolio will be combined in the same pool of edge reward points.
so obviously they will also have to be converted at 5:2, correct?

Magnus with Burgundy gets a conversation ratio 5:4
And all the edge points from all 4 cards in the portfolio will be combined in the same pool of edge reward points.
so obviously they will also have to be converted at 5:4, correct?
Click to expand...
They will segregate points earned accordingly
 
Upvote 0 Downvote
CARDBITRAGE said:
The only card eligible for 5:4 ER now is Burgundy Private. So with this, the ER from all your cards(normal Magnus and Reserve) can be converted at 5:4 conversion.
Supposedly, the other card having a 5:4 conversion will be the Burgandy Magnus, which will have a new loyalty currency. So ER, EM and Burgandy Magnus' points will be segregated accordingly. So it won't be possible to convert the accrued ER from other cards at 5:4 using Burgandy Magnus.
Click to expand...
1) What will be the conversion ratio of Samsung infinite, Rewards, IOCL and Select cards when you also have plain Magnus in the portfolio ?

2) What will be the conversion ratio of Samsung infinite, Rewards, IOCL and Select cards when you also have Magnus Burgundy in the portfolio?
 
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drsel said:
1) What will be the conversion ratio of Samsung infinite, Rewards, IOCL and Select cards when you also have plain Magnus in the portfolio ?

2) What will be the conversion ratio of Samsung infinite, Rewards, IOCL and Select cards when you also have Magnus Burgundy in the portfolio?
Click to expand...
1) Will be as per your normal Magnus, so should be 5:2.
2) Should be 5:1 for ER points. Magnus Burgandy should be 5:4, but we have to wait for official word on this from Axis.
 
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