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

 

[dj2006]

I also applied for Burgandy Magnus last night. A card was generated. I only have salary condition matching.

 

[live_and_let_live]

I also applied for Burgandy Magnus last night. A card was generated. I only have salary condition matching.

cool. did you do it via customer care ?

 

[K.R]

Sep OGS is ready

 

[mastfun]

Sep OGS is ready

Can u see 10L AQB? Are u planning to call them I opened account on 22nd of Sep, So I think I will have to wait till Nov 1st week

 

[K.R]

My Branch Manager told ..he will get it done

 

[K.R]

Can u see 10L AQB? Are u planning to call them I opened account on 22nd of Sep, So I think I will have to wait till Nov 1st week

Yes.. But customer care said they cannot see and RM can help. My Rm happens to be Branch manager as well. He said he will talk to his team and get it done

 

[mastfun]

My Branch Manager told ..he will get it done

Congrats!!! And waiting for mine

 

[K.R]

Congrats!!! And waiting for mine

Too early to celebrate

 

[K.R]

Congrats!!! And waiting for mine

You can directly download... Mail may take time

 

[K.R]

Can u see 10L AQB? Are u planning to call them I opened account on 22nd of Sep, So I think I will have to wait till Nov 1st week

 

[jonamdhar]

Is the cooling period of 45days applicable for Burgundy salary accounts as well?

 

[mastfun]

You can directly download... Mail may take time

From where to download the OG?

 

[Viper1057]

Can u see 10L AQB? Are u planning to call them I opened account on 22nd of Sep, So I think I will have to wait till Nov 1st week

Same boat as me. My RM is not yet assigned and haven't recieved my burgundy kit yet but I have added funds of 11.25lakh from 4th oct onwards so that OGS will have 10.1+lakh amount as balance maintained for whole october month.

 

[K.R]

From where to download the OG?

Website.. Under Statements. Consolidated

 

[K.R]

Now even the email of OGS has come.

 

[RupayMan]

Can u see 10L AQB? Are u planning to call them I opened account on 22nd of Sep, So I think I will have to wait till Nov 1st week

Guys, 30L TRV is must, please read TnC first page again.

 

[mastfun]

Guys, 30L TRV is must, please read TnC first page again.

Not really true, Confirmed to me by Zonal Head

 

[Viper1057]

Guys, 30L TRV is must, please read TnC first page again.

I don't for how long we will keep going on with such false info guys who just come again and again once we change pages on this thread and thinks they know the "best" here lmao

I request you to kindly search "AQB" in this thread and you will find several people who already got on the basis of that.

 

[RupayMan]

I don't for how long we will keep going on with such false info guys who just come again and again once we change pages on this thread and thinks they know the "best" here lmao

I request you to kindly search "AQB" in this thread and you will find several people who already got on the basis of that.

I just repeat what CC is telling the same, and I am the one who affected too.. offer not eligible yet for me. And CC quoting TnC for TRV is must.

 

[Viper1057]

I just repeat what CC is telling the same, and I am the one who affected too.. offer not eligible yet for me. And CC quoting TnC for TRV is must.

How old is your account? If its older than 2 months and if you ever for a single month in all those period not really maintained the AQB for burgundy, then probably you won't be eligible now. Also, customer care can only upgrade if they can see the option on their screen else they don't know anything and speaks whatever they think is "right". 99.9% of times customers know more than them.

Also if you already hold 3 or more credit cards from axis, then also they won't be able to generate a card.