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]

Use burgundy debit card then, will fetch you unlimited 1% ER points, its still better than useless cred points.

Where to you the card? cred or paytm?

 

[Viper1057]

Where to you the card? cred or paytm?

I am personally using it from past 2months on PayZapp, just add your debit card there, then do credit card bill payment using axis burgundy debit card. But I heard even Mobikwik gives the ER, not sure about other apps but it should give as well.

 

[sumit_yadav]

Now my old magnus is missing in the app. New one has not been delivered and I need to pay the dues.

With little Javascript Console trickery I was able to view the Digital card after logging into the netbanking.

 

[Viper1057]

With little Javascript Console trickery I was able to view the Digital card after logging into the netbanking.

No need, you can do it without any trickery on mobile app easily. Yesterday evening I was facing some bugs on netbanking but on mobile app I was able to fetch it just like my Atlas a week back too.

 

[SM24]

Now my old magnus is missing in the app. New one has not been delivered and I need to pay the dues.

My annual fees was due in September.
Never got billed for that.
Atleast not as of now !.

I’m wondering if it’s because I spent more than 15L the previous year.

 

[SM24]

Use burgundy debit card then, will fetch you unlimited 1% ER points, its still better than useless cred points.

Thanks for this !

I vaguely remember having read about this previously, but hadn’t paid attention.

 

[Deleted member 5387]

I got upgrade as well. Upgraded to Burgundy account in last days of October, called CC after two or 3 days to know status, if I am eligible, they said yes but can't take request due to some error. Sent emails to prem.supp ... They said no, upon reply to that email , asked October OGS, replied with OGS , said wait till 25 Nov, loosed patience and tried chat support, useless support system, chat stopped at internal transfer level( one team to another team). Called Phone banking just after, they said you are eligible, took consent,otp, submit, and finally card is in my app after replacing old ones place. So 45days removed, at least in my case was not applicable. So those unsuccessful, try ...keep trying. I fulfilled all conditions except AQB/AMB. Its all in a month, not even 25 days crossed.

 

[ishaangarg]

Then I guess just 1 OGS is needed now.

I got upgrade as well. Upgraded to Burgundy account in last days of October, called CC after two or 3 days to know status, if I am eligible, they said yes but can't take request due to some error. Sent emails to prem.supp ... They said no, upon reply to that email , asked October OGS, replied with OGS , said wait till 25 Nov, loosed patience and tried chat support, useless support system, chat stopped at internal transfer level( one team to another team). Called Phone banking just after, they said you are eligible, took consent,otp, submit, and finally card is in my app after replacing old ones place. So 45days removed, at least in my case was not applicable. So those unsuccessful, try ...keep trying. I fulfilled all conditions except AQB/AMB. Its all in a month, not even 25 days crossed.

 

[K.R]

My annual fees was due in September.
Never got billed for that.
Atleast not as of now !.

I’m wondering if it’s because I spent more than 15L the previous year.

Yes and you would have received email as well. I received few days back

 

[K.R]

Use burgundy debit card then, will fetch you unlimited 1% ER points, its still better than useless cred points.

Interesting.. How do you do this.. Using some App . Please through some light. And there are no charges for the same. So I can pay my Infinia as well using Burgundy Debit card

 

[SM24]

Yes and you would have received email as well. I received few days back

Nope. Yet to receive any mail about waiver for previous year.

I received a mail last week about what I need to spend on existing Magnus to get waiver for next year.

 

[K.R]

Nope. Yet to receive any mail about waiver for previous year.

I received a mail last week about what I need to spend on existing Magnus to get waiver for next year.

I meant the second one.. The waiver email 🙂

 

[SM24]

I meant the second one.. The waiver email 🙂

Hehe.

That almost was like a mail in the coffin.

No upgrade for you.
Live with Axis Magnus Visa.

 

[chasni]

Interesting.. How do you do this.. Using some App . Please through some light. And there are no charges for the same. So I can pay my Infinia as well using Burgundy Debit card

I am personally using it from past 2months on PayZapp, just add your debit card there, then do credit card bill payment using axis burgundy debit card. But I heard even Mobikwik gives the ER, not sure about other apps but it should give as well.

Here's what he said.

 

[Viper1057]

Interesting.. How do you do this.. Using some App . Please through some light. And there are no charges for the same. So I can pay my Infinia as well using Burgundy Debit card

Yes you can, I already pay my HDFC, ICICI and Axis credit card bills through PayZapp app using Burgundy debit card.

 

[Viper1057]

5:4 is in effect. I can transfer all my edge points as 5:4 at the moment. Card is not even shipped yet and haven't activated it either 😛

 

[Ravana_88]

5:4 is in effect. I can transfer all my edge points as 5:4 at the moment. Card is not even shipped yet and haven't activated it either 😛
View attachment 35146

fatafat transfer kar lo . Zindagi na milegi dubara

 

[chasni]

5:4 is in effect. I can transfer all my edge points as 5:4 at the moment. Card is not even shipped yet and haven't activated it either 😛
View attachment 35146

Accor last year in Nov had offer of 50% bonus. I am planning to wait for a few days to see if that same offer is back.

 

[Viper1057]

fatafat transfer kar lo . Zindagi na milegi dubara

Already did 40k miles for krisflyer, a southeast asia mid feb trip is already planned, will do booking post crediting of these points. As I mentioned before, there system is soo buggy and stupid. It mentions non-burgundy yet giving 5:4 ratio lol:

 

[K.R]

5:4 is in effect. I can transfer all my edge points as 5:4 at the moment. Card is not even shipped yet and haven't activated it either 😛
View attachment 35146

You mentioned earlier that you wanted to close the Card once you current ER points is transferred. The Axis guy in Forum updated this to their backened team and enable it for you 🤣 🤣 🤣