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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

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
 

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Last edited:
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chasni said:
Once you have got the M4B upgrade, wait for 24 hours. 5:4 ratio will get activated on TravelEdge. Do the transfer. Meanwhile don't activate the M4B card until you have transferred the ERs.
Click to expand...
I got upgrade saturday morning. 5:4 not yet activated.

Does 5:4 activate when magnus burgundy bucket comes up in travel edge?
 
Upvote 0 Downvote
chasni said:
As per my experience, they can only check for upgrade on existing card. I called and checked and they said the same.
Click to expand...
They can see what offers you have which you can also see and apply. If you are not able to see and shows Message like You already have the Card with best offers, then one can get it through RM physical form . I would say go with RM . Helps in building relationship jo future mein kaam aa sakta hai 🙂 ..Like upgrade to Magnus for Burgundy Private with 1:1 transfer ratio , zero Forex markup etc ( hypothetical)..
Ab ye mat poochna what is Magnus for Burgundy Private please 🤣 🤣 🤣
 
Upvote 0 Downvote
Harry1 said:
Anyone heard about Pay with points option with Axis? Read some tweet that someone's points got deducted instead of card payment, as merchant selected pay with points option.

If yes, what is minimum amount for this? And can it be done for online payments also?
Click to expand...
Previous threads:
www.technofino.in

New Update for Axis Edge Reward points redemption catalogue [Offline EDGE Points Redemption]

Dear community members, I was going through the Edge Rewards portal provided by Axis Bank. While browsing various options, I saw a tab named as Partner Deals. Incidentally, I clicked on that and saw a REDEMPTION button. As soon as I visited there, I got to know that there is an option to redeem...
www.technofino.in www.technofino.in
www.technofino.in

Be cautions while swiping axis cards at these brands offline.

Bercos, Pai International, Girias, Sargam Electronics, Om Book Shop, Richlook, Meena Bazaar, Reliance Digital, Domino's, Croma, Central, Big Bazaar, Vero Moda, Star Bazaar, Shoppers Stop, Sangeetha Mobiles, Only, and Marks and Spencer are participating in a redemption points program where 1ER...
www.technofino.in www.technofino.in

I think axis added more brands to this.
 
Upvote 0 Downvote
CMG said:
Previous threads:
www.technofino.in

New Update for Axis Edge Reward points redemption catalogue [Offline EDGE Points Redemption]

Dear community members, I was going through the Edge Rewards portal provided by Axis Bank. While browsing various options, I saw a tab named as Partner Deals. Incidentally, I clicked on that and saw a REDEMPTION button. As soon as I visited there, I got to know that there is an option to redeem...
www.technofino.in www.technofino.in
www.technofino.in

Be cautions while swiping axis cards at these brands offline.

Bercos, Pai International, Girias, Sargam Electronics, Om Book Shop, Richlook, Meena Bazaar, Reliance Digital, Domino's, Croma, Central, Big Bazaar, Vero Moda, Star Bazaar, Shoppers Stop, Sangeetha Mobiles, Only, and Marks and Spencer are participating in a redemption points program where 1ER...
www.technofino.in www.technofino.in

I think axis added more brands to this.
Click to expand...
Happened to me at Apollo pharmacy.

Thankfully lost only around 3K points, consumed at 19 odd paisa.

Painful, when you apply these points at Rs 5-6 for travel.

No way of retrieving these.

Suggestion:
Always check when using your card to authenticate a transaction at any of Axis’s partners.
We may think we are entering our pin to validate card transaction.
But if the dodos at merchant’s end have chosen points option, we’ll be at our wit’s end once our hard earned points get deducted.
 
Last edited:
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chasni said:
Once you have got the M4B upgrade, wait for 24 hours. 5:4 ratio will get activated on TravelEdge. Do the transfer. Meanwhile don't activate the M4B card until you have transferred the ERs.
Click to expand...
Got it. Thanks for the explanation. What if I transfer the Samsung points after I got the Samsung card, when I have the normal magnus. Is it the same scenario or a different one.
 
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jchandra49 said:
Is it possible to transfer Samsung welcome benifit points in 5:4 ratio, after converting to burgundy mangnus
Click to expand...
that's a bullshit card.My transactions on this from 9 sep even Haven't received the reward points,been following up with these guys on email they are saying I have received (which I haven't) on call they are saying I haven't received 🤣
Can anyone tell me pno email,need to escalate
 
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Do we need to link miles partner account again? I tried to check transfer ratio now (it's still 5:2 for me) but I see that my previous linked Accor isn't shown on the transfer page. However, it is shown inside "My transactions" under "Link Member" as inactive.
 
Upvote 0 Downvote
I got a email from premium experience saying I am eligibile and to call the helpline to upgrade.The helpline said that you are not eligible and call after 21 Nov.I replied to premium experience team saying regarding the confusion.A new mail comes saying I in not eligible.
 
Upvote 0 Downvote
singlav said:
Thanks. Called them up. They said we don't know about eligibility about individual accounts. They asked me to contact the RM, get 2 months' OGS and then send to premium experience email.

This doesn't sound correct! Looks like I just connected with an untrained exec?
Click to expand...
Just tell them you want to upgrade - they will go ahead if you are eligible or tell you there's no option if you aren't.
I've never spoken to my RM or contacted premium experience - just maintained 20L for around 50 days, called today and got the upgrade.
 
Upvote 0 Downvote
hello11 said:
Do we need to link miles partner account again? I tried to check transfer ratio now (it's still 5:2 for me) but I see that my previous linked Accor isn't shown on the transfer page. However, it is shown inside "My transactions" under "Link Member" as inactive.
Click to expand...
Did you added Accor after 31st augest once?
 
Upvote 0 Downvote
hello11 said:
Just tell them you want to upgrade - they will go ahead if you are eligible or tell you there's no option if you aren't.
I've never spoken to my RM or contacted premium experience - just maintained 20L for around 50 days, called today and got the upgrade.
Click to expand...
Thanks; thats what I had done. Will try again later today and hopefully will encounter someone less untrained!
 
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