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

 

[Rags]

I am done with this all. Will just do an FD/MF investment with those burgundy amount requirements and get hands on my new infinia through ULIP. Good bye folks, its been a pleasure to come up since last 50pages till now.

Hi, What is ULIP?

 

[aayusharyan]

Hi, What is ULIP?

Unit Linked Insurance Plan. Don't fall for the trap they do to sell a ULP in the name of MF. It's very bad.

 

[SM24]

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

Visa Infinite has a luxury hotel collection portal with a range of benefits (free 3rd/4th night offers, spa offers, discounts, $25 hotel credit, etc)
Far and few between vs MC.

Previously Visa Infinite could get you Hilton Gold in APAC with just two stays.
(I took up the offer in November 2018. I still remain Hilton Gold, thanks to Covid extensions + just one more stay in March 2023).
This apart, most Visa offers apply to Infinite as well + few more as seen on Visa website.

I prefer MC because MC World and World Elite especially have much better partner offers (mostly status benefits and free nights) with Wyndham, GHA Discovery, Oakwood, etc). + Hotel Lux Elite benefits.
Plus Diner dines free offer.

Not to mention, Mastercard Travel and Lifestyle offers better rates, upto $100 hotel credit, free breakfast etc in more accessible hotels in India and abroad vs Visa Infinite Luxury Collection.

Global shopping discounts too are better with MC in my view.

I may have missed some things, but lounges apart, these are some of the differences between Visa & MC.

Of course
1. These are based on my past-ish readings.
2. Website layout and ease of navigation wise too MC scores over Visa, for me.

Hope this helps!

 

[SteelSh0t]

Visa Infinite has a luxury hotel collection portal with a range of benefits (free 3rd/4th night offers, spa offers, discounts, $25 hotel credit, etc)
Far and few between vs MC.

Previously Visa Infinite could get you Hilton Gold in APAC with just two stays.
(I took up the offer in November 2018. I still remain Hilton Gold, thanks to Covid extensions + just one more stay in March 2023).
This apart, most Visa offers apply to Infinite as well + few more as seen on Visa website.

I prefer MC because MC World and World Elite especially have much better partner offers (mostly status benefits and free nights) with Wyndham, GHA Discovery, Oakwood, etc). + Hotel Lux Elite benefits.
Plus Diner dines free offer.

Not to mention, Mastercard Travel and Lifestyle offers better rates, upto $100 hotel credit, free breakfast etc in more accessible hotels in India and abroad vs Visa Infinite Luxury Collection.

Global shopping discounts too are better with MC in my view.

I may have missed some things, but lounges apart, these are some of the differences between Visa & MC.

Of course
1. These are based on my past-ish readings.
2. Website layout and ease of navigation wise too MC scores over Visa, for me.

Hope this helps!

How to access these offers? For both Visa and MC

 

[SM24]

How to access these offers? For both Visa and MC

Go to the respective India sites and give it a spin 🙂.

 

[K.R]

Visa Infinite has a luxury hotel collection portal with a range of benefits (free 3rd/4th night offers, spa offers, discounts, $25 hotel credit, etc)
Far and few between vs MC.

Previously Visa Infinite could get you Hilton Gold in APAC with just two stays.
(I took up the offer in November 2018. I still remain Hilton Gold, thanks to Covid extensions + just one more stay in March 2023).
This apart, most Visa offers apply to Infinite as well + few more as seen on Visa website.

I prefer MC because MC World and World Elite especially have much better partner offers (mostly status benefits and free nights) with Wyndham, GHA Discovery, Oakwood, etc). + Hotel Lux Elite benefits.
Plus Diner dines free offer.

Not to mention, Mastercard Travel and Lifestyle offers better rates, upto $100 hotel credit, free breakfast etc in more accessible hotels in India and abroad vs Visa Infinite Luxury Collection.

Global shopping discounts too are better with MC in my view.

I may have missed some things, but lounges apart, these are some of the differences between Visa & MC.

Of course
1. These are based on my past-ish readings.
2. Website layout and ease of navigation wise too MC scores over Visa, for me.

Hope this helps!

It helps a lot. I will connect with you separately on DM on the website and how to book hotels' etc 🙂

 

[chasni]

Did anyone meeting 10 lac AQB in last three months but not meeting in last quarter (Jul-Sep) get the card?

Edit: I already have the card. Just to satisfy my curiosity.

 

[typhoon]

Did anyone meeting 10 lac AQB in last three months but not meeting in last quarter (Jul-Sep) get the card?

Call now, you will be upgraded if not upgraded.

 

[chasni]

Call now, you will be upgraded if not upgraded.

Already have it. It is just to satisfy my curiosity. I met TRV too. So don't know what got me upgraded but higher bet on TRV.

 

[K.R]

Already have it. It is just to satisfy my curiosity. I met TRV too. So don't know what got me upgraded but higher bet on TRV.

Did you get Magnus for Burgundy Plus or Magnus for Burgundy. The first one is for TRV nad has different TNC..

 

[chasni]

Did you get Magnus for Burgundy Plus or Magnus for Burgundy. The first one is for TRV nad has different TNC..

App says Magnus Burgundy. I didn't know there was another card, called Magnus Burgundy Plus. What's the difference?

 

[MilesMax]

Did you get Magnus for Burgundy Plus or Magnus for Burgundy. The first one is for TRV nad has different TNC..

This is new. When did that happen?

 

[chasni]

This is new. When did that happen?

Now @K.R is playing the role of Axis CC and trying to confuse us. 🤣

 

[typhoon]

Visa Infinite has a luxury hotel collection portal with a range of benefits (free 3rd/4th night offers, spa offers, discounts, $25 hotel credit, etc)
Far and few between vs MC.

Previously Visa Infinite could get you Hilton Gold in APAC with just two stays.
(I took up the offer in November 2018. I still remain Hilton Gold, thanks to Covid extensions + just one more stay in March 2023).
This apart, most Visa offers apply to Infinite as well + few more as seen on Visa website.

I prefer MC because MC World and World Elite especially have much better partner offers (mostly status benefits and free nights) with Wyndham, GHA Discovery, Oakwood, etc). + Hotel Lux Elite benefits.
Plus Diner dines free offer.

Not to mention, Mastercard Travel and Lifestyle offers better rates, upto $100 hotel credit, free breakfast etc in more accessible hotels in India and abroad vs Visa Infinite Luxury Collection.

Global shopping discounts too are better with MC in my view.

I may have missed some things, but lounges apart, these are some of the differences between Visa & MC.

Of course
1. These are based on my past-ish readings.
2. Website layout and ease of navigation wise too MC scores over Visa, for me.

Hope this helps!

Days are gone, now all rates are inflated.
I was just checking and found that i have way too cheaper rates for hotel in comparison to Infinite Hotel Collection.

 

[jonamdhar]

Did you get Magnus for Burgundy Plus or Magnus for Burgundy. The first one is for TRV nad has different TNC..

What is this twist now? Can you share the link for the Plus TNC.

 

[seekndestroy99]

The card started showing immediately?
I still don't see it.
I only see my Old Magnus, Atlas and VI.

I don't see it either.
Called up Burgundy Support.

Received the SMS, verified OTP at 10:54 PM on 17th Nov.

Called again at 3:30 AM since the card wasn't showing up to unbox. Now he said, the system is not allowing me to generate the link again as it shows you are not a true Burgundy customer. He asked me to send a mail with the SMS received and other screenshots so that they can get it checked with the backend team.

Sept OGS: 10.5L+, Oct OGS: 22L. What a joke!

 

[MilesMax]

I don't see it either.
Called up Burgundy Support.

Received the SMS, verified OTP at 10:54 PM on 17th Nov.

Called again at 3:30 AM since the card wasn't showing up to unbox. Now he said, the system is not allowing me to generate the link again as it shows you are not a true Burgundy customer. He asked me to send a mail with the SMS received and other screenshots so that they can get it checked with the backend team.

Sept OGS: 10.5L+, Oct OGS: 22L. What a joke!

Call again today ask for upgrade, tell him you had previously tried and gave the consent but the card wasn't generated.
The agent will read out the last 4 digits of the new card upon successful upgrade. Ask him to. If he doesn't see it then something went wrong.

 

[seekndestroy99]

Call again today ask for upgrade, tell him you had previously tried and gave the consent but the card wasn't generated.
The agent will read out the last 4 digits of the new card upon successful upgrade. Ask him to. If he doesn't see it then something went wrong.

Some agent woke me from slumber just now, called at sharp 8 AM, said the issue has been resolved. He sent the link again, OTP verified and finally the new card appears in my credit cards section. What a stressful night! 😂

 

[seekndestroy99]

Travel edge is working for me, pretty slow though, transfer ratio is still 5:2.
Anyone's 5:4 kicked in?

 

[sumit_yadav]

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

I opened the account in Oct and it got activated on 11th Oct. I just finished the upgrade to M4B. The card is showing up in the App/Website.