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Axis Magnus Magnus, Reserve & Other Axis Bank Credit Cards | Devaluation w.e.f. 1st Sep 2023.

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bugmenot

TF Legend
-- 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
 

Attachments

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Viper1057 said:
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
Click to expand...
This won't remain forever. In a day or two, there will be some rewards transferred to Magnus Burgundy which would be available at 5:4 transfer and remaining would be normal edge rewards. At least that's what happened to me and from what I read, to almost everyone. Apparently all the Bonus miles on grab deals, traveledge etc would get out of the MB bucket and would be classified as normal ER

As of now there is no way to convert the remaining ERs. I have not raised it with Axis so far as I am waiting for the August 25k Bonus to kick in. There was a clause of one time transfer to new MB bucket. Will follow up once I get my Bonus.

I did wish that I had transferred before the MB bucket kicked in, hence telling you. Though have a feeling we would get a chance for one time transfer still.
 
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Viper1057 said:
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:
View attachment 35147
Click to expand...
My travel edge portal opens fine but can't seem to load the transfer miles page. It just keeps opening to blank page.
 
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unwind said:
This won't remain forever. In a day or two, there will be some rewards transferred to Magnus Burgundy which would be available at 5:4 transfer and remaining would be normal edge rewards. At least that's what happened to me and from what I read, to almost everyone. Apparently all the Bonus miles on grab deals, traveledge etc would get out of the MB bucket and would be classified as normal ER

As of now there is no way to convert the remaining ERs. I have not raised it with Axis so far as I am waiting for the August 25k Bonus to kick in. There was a clause of one time transfer to new MB bucket. Will follow up once I get my Bonus.

I did wish that I had transferred before the MB bucket kicked in, hence telling you. Though have a feeling we would get a chance for one time transfer still.
Click to expand...
Yup, I am aware of this and that's why I converted all my edge rewards as of now without giving any second thoughts. I saw the tweets of the first few folks who got the card in September last week and faced exactly same way you described in your message and that's why my decision to convert is the best for now.
 
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chasni said:
My travel edge portal opens fine but can't seem to load the transfer miles page. It just keeps opening to blank page.
Click to expand...
Yeah wait for a while, its slow after selecting the partner...
Meanwhile another friend of mine confirmed he also got 5:4, he also got the card upgraded yesterday evening. I suggest you all to transfer your ERs as of now to wherever you like to fetch 5:4 else you might be facing the issue which @unwind highlighted few posts up.
 
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unwind said:
This won't remain forever. In a day or two, there will be some rewards transferred to Magnus Burgundy which would be available at 5:4 transfer and remaining would be normal edge rewards. At least that's what happened to me and from what I read, to almost everyone. Apparently all the Bonus miles on grab deals, traveledge etc would get out of the MB bucket and would be classified as normal ER

As of now there is no way to convert the remaining ERs. I have not raised it with Axis so far as I am waiting for the August 25k Bonus to kick in. There was a clause of one time transfer to new MB bucket. Will follow up once I get my Bonus.

I did wish that I had transferred before the MB bucket kicked in, hence telling you. Though have a feeling we would get a chance for one time transfer still.
Click to expand...
I only have travel edge 5x points as I don't use magnus except for travel edge. I also 30k Samsung welcome bonus. No grab deals / Gyftr etc. So, I should only worry about 30K not the rest?
 
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chasni said:
it doesn't show me the option to select partner. When I click the burger button from top right to select Transfer Miles, it does something for few seconds (like javascript working) and then opens a blank page.
Click to expand...
Please try waiting for a while. This is a site that is designed to test the patience for enjoying the rewards 🙂 This is the only site I have come across in recent times that takes upwards of half a minute upto a minute to load, on a 150Mbps line !!
 
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chasni said:
I only have travel edge 5x points as I don't use magnus except for travel edge. I also 30k Samsung welcome bonus. No grab deals / Gyftr etc. So, I should only worry about 30K not the rest?
Click to expand...
Traveledge too. Mine were primarily traveledge points earned during the last week of August and credited in September. Small amount of non traveledge regular magnus ERs. And some debit card points earned on paying the credit card bills. After the bifurcation less than half came to MB bucket.

I am guessing traveledge bonus went into normal ER bucket. Debit card points were minimal and there were no grab deal/gyftr points for me too
 
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unwind said:
Traveledge too. Mine were primarily traveledge points earned during the last week of August and credited in September. Small amount of non traveledge regular magnus ERs. And some debit card points earned on paying the credit card bills. After the bifurcation less than half came to MB bucket.

I am guessing traveledge bonus went into normal ER bucket. Debit card points were minimal and there were no grab deal/gyftr points for me too
Click to expand...
All transferred. Not worth taking risks as it is Axis 🙂
 
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Viper1057 said:
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.
Click to expand...
I am also using payzap to pay hdfc credit card bills for one month , using Burgundy debit card and getting 1% ER points , which can be converted using 5:2 ratio to Airlines partners 👍
 
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chasni said:
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.
Click to expand...
Was this applicable on travel edge transfers too? I don't know if this is the correct offer page from last year but it doesn't mention Axis/travel edge - https://all.accor.com/loyalty-program/promotions-offers/bonus-offers/get-50-bonus-on-your-bank-conversion.en.shtml

On another note, bad time for me to get upgraded to Accor Gold because I need to email travel edge to update my membership number before I can transfer. Not sure how long that is going to take.
 
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baba123 said:
Was this applicable on travel edge transfers too? I don't know if this is the correct offer page from last year but it doesn't mention Axis/travel edge - https://all.accor.com/loyalty-progr...get-50-bonus-on-your-bank-conversion.en.shtml

On another note, bad time for me to get upgraded to Accor Gold because I need to email travel edge to update my membership number before I can transfer. Not sure how long that is going to take.
Click to expand...
I am already gold for last 2 months. I have been using the number that I got when I signed up for all transfers and it has been working well.
 
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chasni said:
I am already gold for last 2 months. I have been using the number that I got when I signed up for all transfers and it has been working well.
Click to expand...
I noticed that the last letter in my membership number has changed since being upgraded. Did it change for you as well? Are you saying that despite the change transfer works to the old membership number?
 
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baba123 said:
I noticed that the last letter in my membership number has changed since being upgraded. Did it change for you as well? Are you saying that despite the change transfer works to the old membership number?
Click to expand...
My mem number has changed twice. Once when I got upgraded to Accor Plus and then when switched to gold. But I have been using the original mem number without issues.

Edit: I have transferred some points today as well. Lets see if they get credited. Last transfer was in Oct from Atlas and it was fine.
 
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