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

---

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

 

[K.R]

2 Years back i was left with only one mastercard. Now all my cards have become Mastercard. I desperately need one of them to be Visa. Both Infinia and M4B are master . Earlier Magnus was Visa

 

[K.R]

I did it via airport agent.

Some hiccups but eventually got it.

Did it C2C via Infinia.

I wonder if there is a cooling period after the M4B upgrade?

It shouws me as an option via online in my account

 

[Viper1057]

2 Years back i was left with only one mastercard. Now all my cards have become Mastercard. I desperately need one of them to be Visa. Both Infinia and M4B are master . Earlier Magnus was Visa

Infinia is offered in Visa Infinite as well right? I am hoping that I get the Visa one only

 

[K.R]

Infinia is offered in Visa Infinite as well right? I am hoping that I get the Visa one only

You can see in the App.. if you see someting called MC then its Mastercard

 

[R@J]

You can see in the App.. if you see someting called MC then its Mastercard

Ohhh.....and based on various posts, I thought MC toh *xis bank hai!! 🤔😈

 

[SM24]

It shouws me as an option via online in my account

If you mean pre approved offer, then it’ll be a breeze like M4B consent, minus customer care intervention.

 

[ankurarora898]

seeing all the comments called and again asked to wait till 20th 😩🫢.My account was upgraded on 7th oct only though

 

[palvannan]

Got my salary account upgraded to Burgundy an hour back . The salary was being credited from Nov'22 but it got upgraded just now . Is there a chance to upgrade my Magnus to LTF Burgundy Magnus ?

If salary is more than 3L per month it will be processed immediately. But you need at least one OGS. Any way send email to premium experience email id and find out

 

[MilesMax]

2 Years back i was left with only one mastercard. Now all my cards have become Mastercard. I desperately need one of them to be Visa. Both Infinia and M4B are master . Earlier Magnus was Visa

Same here. That's why I am retaining Vistara infinite for Visa infinite platform.
Also VI is a no nonsense super premium card. Straight forward

 

[palvannan]

seeing all the comments called and again asked to wait till 20th 😩🫢.My account was upgraded on 7th oct only though

May be the approved lists are getting uploaded in batches. Keep calling the premium phone number every day.

 

[Viper1057]

There is a slightly false info in this post where he claims that only people with TRV 30lakhs at individual level will be able to get magnus burgundy card, in the comments & twitter you can find people getting email & successfully upgrading their card with salary credit of 3lakhs, who keeps balance in the amount of hundreds only(yes there is some reports where some companies salary credit is being denied for upgrade) but also for people who are maintaing AQB of 10lakhs at individual level got it.
Axis just gave a example for family banking on the basis of TRV, but if the user is outside family banking and has 10lakhs in savings account, then he will be eligible on individual level only (ofc either he should hold magnus or should have credit eligibility to get new magnus).

This aged well, almost 80 pages back me, @K.R, @mastfun & @srihari1977 discussing all the information & taking all the assumptions in our minds, never knew we will be able to make it and yet here we are today finally lmfao 🤣 🤣

 

[K.R]

May be the approved lists are getting uploaded in batches. Keep calling the premium phone number every day.

This might be true. I remember one person from escalation team told me that it will be uploaded in batches.

 

[saketreddy]

Start calling guys, I got it just now, gave consent and card visible in app.

Opened account 1sept.

Oct OGS 24L
Nov OGS 31L

 

[K.R]

Same here. That's why I am retaining Vistara infinite for Visa infinite platform.
Also VI is a no nonsense super premium card. Straight forward

Can we request HDFC to change from master card to Visa. There was a RBI circular on portability though

 

[SM24]

Can we request HDFC to change from master card to Visa. There was a RBI circular on portability though

I tried in the past, 5-6 years back, to move from Infinia Visa to MC.

They wanted to know why.

I said MC has better partner offers.

It was rejected.

 

[K.R]

I tried in the past, 5-6 years back, to move from Infinia Visa to MC.

They wanted to know why.

I said MC has better partner offers.

It was rejected.

Circular came only in July this year..did you try recently

 

[SM24]

Circular came only in July this year..did you try recently

Wasn't aware of the circular.

Haven't tried recently.

I got MC World Elite in between, so happy with Visa.

 

[RupayMan]

Start calling guys, I got it just now, gave consent and card visible in app.

Opened account 1sept.

Oct OGS 24L
Nov OGS 31L

Just correction, it's Sept OGS, and Oct OGS

 

[K.R]

Wasn't aware of the circular.

Haven't tried recently.

I got MC World Elite in between, so happy with Visa.

Hi Srihari
Can you let me know what advantages Visa Infinite has over MC world. I mean in real term day to day. Not hypothetical. I know Forex rates are very slightly lesser than Visa. Cards Like Infina are accpeted eveywhere within Indian Lounges be it MC or Visa Infinite

 

[saketreddy]

Just correction, it's Sept OGS, and Oct OGS

Yeah, sept ogs, sorry.