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

 

[chasni]

Need to make flight booking of 2lac. Should I use Magnus or Atlas? I have a family Burgundy account but don't have individual 10lac balance.

 

[starstruck]

Need to make flight booking of 2lac. Should I use Magnus or Atlas? I have a family Burgundy account but don't have individual 10lac balance.

You can use TravelEdge to book flights. At 5x, Magnus is better than Atlas even at 5:2.

If you are booking from elsewhere, check MCC as Atlas is very specific but will give higher rewards.

 

[UKJ]

I'm struggling to decide between Axis Vistara Infinite and Atlas. So far leaning towards Atlas. Maybe there is higher value in the Infinite due to business class flight vouchers, but the Atlas has the flexibility of using points on several airlines. Any comments welcome!

 

[Deleted member 11974]

I'm struggling to decide between Axis Vistara Infinite and Atlas. So far leaning towards Atlas. Maybe there is higher value in the Infinite due to business class flight vouchers, but the Atlas has the flexibility of using points on several airlines. Any comments welcome!

In infinite you are bound to stick to a single airline
Not sure if you can redeem those on Singapore airline flights.
But atlas gives you flexibility as you mentioned.
If you are a international traveller then go for atlas

 

[neogen]

I'm struggling to decide between Axis Vistara Infinite and Atlas. So far leaning towards Atlas. Maybe there is higher value in the Infinite due to business class flight vouchers, but the Atlas has the flexibility of using points on several airlines. Any comments welcome!

Go for Atlas

I have both. Off late, there is very low availability of award for Biz class in Vistara. Moreover, the voucher once issued has validity of 3 months, and it's almost impossible to get biz class seat using voucher.

 

[CARDBITRAGE]

Go for Atlas

I have both. Off late, there is very low availability of award for Biz class in Vistara. Moreover, the voucher once issued has validity of 3 months, and it's almost impossible to get biz class seat using voucher.

True. If someone is chasing milestone cards(specifically Vistara) for specific spends, go for the ones that offer economy or premium economy seat vouchers. Finding a business award on Vistara has become a pain lately.

 

[Saarthak Parihar]

I talked to my Burgundy RM recently seeking updates regarding the Burgundy Magnus card. He's as clueless as we are about when we'd be getting the new card delivered. He said he'll keep me posted. Other Burgundy account holders are also seeking the same information.

 

[Warlock27]

Does anyone know how much is the limit for 5% extra cashback running monthly on GrabDeals instant vouchers page?

 

[Ravana_88]

The maximum cashback that the User can get by transacting via Grab Deals platform is Rs. 1000/- per account/credit card per calendar month.

Does anyone know how much is the limit for 5% extra cashback running monthly on GrabDeals instant vouchers page?

 

[drsel]

It's really amazing that after causing so much mass confusion and consternation, Axis is still dragging its feet over this. A prompt implementation can help put the past behind and have customers look forward. The delay and silence is only adding to the negativity that they created. They have a great opportunity to onboard numerous burgundy accounts. So many missed opportunities. A classic study on how not to manage a business.

I think they are getting many many lacs

 

[UKJ]

Any idea how easy or difficult it is to get an add-on card for the Magnus? How long does it take?

 

[Oscar]

Any idea how easy or difficult it is to get an add-on card for the Magnus? How long does it take?

You have to visit the branch and fill the form for Add-on

 

[Andy1]

Kindly start a new thread with new name it's already too long for anyone to track

 

[UKJ]

In infinite you are bound to stick to a single airline
Not sure if you can redeem those on Singapore airline flights.
But atlas gives you flexibility as you mentioned.
If you are a international traveller then go for atlas

Go for Atlas

I have both. Off late, there is very low availability of award for Biz class in Vistara. Moreover, the voucher once issued has validity of 3 months, and it's almost impossible to get biz class seat using voucher.

Thanks for the feedback guys. I was anyway inclined towards Atlas. Now applying for it.

 

[drsel]

1) Has anyone bought Flipkart groceries and other items on Grabdeals 5x ?
2) how long does it take to get 5x points ?
3) Grabdeals max 5000 points per calendar month or billing cycle?
4) Which card is best to use, Magnus, Select or which?

 

[Deleted member 11974]

1) Has anyone bought Flipkart groceries and other items on Grabdeals 5x ?
2) how long does it take to get 5x points ?
3) Grabdeals max 5000 points per calendar month or billing cycle?
4) Which card is best to use, Magnus, Select or which?

i purchased a laptop via flipkart grabdeal 5x
base reward got credited instantly
rest 4x points will be credited after 120 days is what the cc told me
5000 points per calendar month

 

[drsel]

i purchased a laptop via flipkart grabdeal 5x
base reward got credited instantly
rest 4x points will be credited after 120 days is what the cc told me
5000 points per calendar month

Thanks, I logged in to net banking and went to Grabdeals 5x and started choosing Flipkart items on another tab.
After a few minutes I got logged out of net banking.
If I am logged out of net banking, will there be any problem in getting the 5x points or do I have to be continuously logged into net banking ?

If it better to use Grabdeals through mobile app or laptop net banking?

 

[MilesMax]

Thanks, I logged in to net banking and went to Grabdeals 5x and started choosing Flipkart items on another tab.
After a few minutes I got logged out of net banking.
If I am logged out of net banking, will there be any problem in getting the 5x points or do I have to be continuously logged into net banking ?

If it better to use Grabdeals through mobile app or laptop net banking?

Always use your laptop with cookies enabled for Grabdeals to be recorded correctly.

No need to be logged in to net banking. You just have to use the same card number which you enter in the Grabdeals portal.

Add the products to cart after you land on Flipkart page through Grabdeals.

 

[CMGCMG is verified member.]

Thanks, I logged in to net banking and went to Grabdeals 5x and started choosing Flipkart items on another tab.
After a few minutes I got logged out of net banking.
If I am logged out of net banking, will there be any problem in getting the 5x points or do I have to be continuously logged into net banking ?

If it better to use Grabdeals through mobile app or laptop net banking?

Also, Screen record the entire process.

 

[vikramsrit]

Just spoke to Burgundy priority CC on when are they going to implement 5:4 transfer ratio for Magnus + Burgundy holders. She said that the transfer ratio is going to be 5:2 for all Magnus holders irrespective of Burgundy or not. I asked to speak to her senior on this and the guy repeated the exact same thing that there has been a policy change and the transfer ratio is going to be 5:2. I asked for the policy document and the guy started to point me to the revised T&C. I pointed to the clause for Burgundy account holders but both of them continued to iterate that the transfer ratio will be 5:2 as there has been a change 😀 😀 🤣 🤣
IIMA Case study on: How to f^#* customer experience in a month.