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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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sumi.yadav said:
Where to check what cards are Auto approved? When I goto Apply -> Credit card I get the message that I already have an Axis credit card.
Click to expand...
Except pre-approved, you can also call customer care to get the card basis your existing limit & card. I got samsung infinite on the basis of my old magnus card in October 1st week and now got Atlas in November 1st week and few days back upgraded magnus to burgundy magnus through cc as well.

Basically just call them and ask them to check if they can apply magnus(or whatever card you need) and they will process it for you if possible and you will see card generated instantly post consent
 
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@Viper1057 @K.R I just have Axis Magnus which I got upgraded to M4B. I got Magnus in April this year only. Probably I will need to check with CC for new offer.
Apart from this what is your experience on Limit enhancement offers from Axis? I got same limit that I used for card application using C2C
 
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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?
 
Upvote 0 Downvote
Viper1057 said:
Except pre-approved, you can also call customer care to get the card basis your existing limit & card. I got samsung infinite on the basis of my old magnus card in October 1st week and now got Atlas in November 1st week and few days back upgraded magnus to burgundy magnus through cc as well.

Basically just call them and ask them to check if they can apply magnus(or whatever card you need) and they will process it for you if possible and you will see card generated instantly post consent
Click to expand...
Is it possible to get Selected LTF card for Burgundy customers like this method , instead of going through RM? There is a 10000 ER points on Select card activation and we can get it converted on 5:4 basis now , before starting to use the new Magnus card as then conversion becomes 5:2
 
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Viper1057 said:
Except pre-approved, you can also call customer care to get the card basis your existing limit & card. I got samsung infinite on the basis of my old magnus card in October 1st week and now got Atlas in November 1st week and few days back upgraded magnus to burgundy magnus through cc as well.

Basically just call them and ask them to check if they can apply magnus(or whatever card you need) and they will process it for you if possible and you will see card generated instantly post consent
Click to expand...
Is it possible to transfer Samsung welcome benifit points in 5:4 ratio, after converting to burgundy mangnus
 
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Viper1057 said:
Except pre-approved, you can also call customer care to get the card basis your existing limit & card. I got samsung infinite on the basis of my old magnus card in October 1st week and now got Atlas in November 1st week and few days back upgraded magnus to burgundy magnus through cc as well.

Basically just call them and ask them to check if they can apply magnus(or whatever card you need) and they will process it for you if possible and you will see card generated instantly post consent
Click to expand...
As per my experience, they can only check for upgrade on existing card. I called and checked and they said the same.
 
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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?
 
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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 🤣 🤣 🤣
 
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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.
 
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