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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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Harry1 said:
Raised to pno about 3 weeks back, but they haven't understood the issue yet.

Thankfully, due to ur input and one more bug, I have transferred everything. Now total edge points balance is less than 100 with Gyftr 1200 points yet to be credited.

I will say transfer to accor/vistara/ITC depending on ur requirement immediately before they fix the bug. Who knows if Bonus points not being part of Magnus burgundy is intended.
Click to expand...
No requirement for now so not speculatively transferring. Did you get 25k Aug milestone? If yes, how did you transfer them?
 
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CVR said:
No requirement for now so not speculatively transferring. Did you get 25k Aug milestone? If yes, how did you transfer them?
Click to expand...

Axis Magnus - Rumor with burgundy axis magnus could be LTF (by Sep 2023 it should be official by axis i think you never know though)

For someone to qualify via AQB, (August balance + September balance)/2 = 10 Lakhs If you have this amount in your burgundy account, call the CC and get it upgraded. If started maintaining from September only, then November 25th is next batch dump will be checked, call CC that time to upgrade...
www.technofino.in www.technofino.in

Yes . .
 
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Ax-Shit is down, in morning was trying to do CC bill payment, they blocked my debit card and now from last 4hours its still blocked, no IVR calls to verify...just direct block and asked my confirmation over Email lol. Raised with Burgundy CC and they asked for 24hours to get the service request completed lol.

Now from last 15minutes, All axis credit card systems are down and netbanking is also affected for credit card section, was doing a booking on Vistara using Atlas 😑

And with this service, they thinking to keep the top 0.1% country folks in their Burgundy & Burgundy Private ? They think they can become CitiBank or what? Lol
 
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Upvote 0 Downvote
I have successfully upgraded to Magnus Burgundy card.

Now what will happen if I don't maintain 10 Lakh average balance in my account??
My card will not remain LTF this is what they told. But when will they charge the fee?? after 1 year or same month??
 
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I updated my employer and salary details in net banking with the hope of upgrading my account to a salary burgundy account as the bank has a tie-up with my company and the salary requirement for this account is only >=2L.

However, my account was downgraded to Priority instead of being upgraded. It has been more than 23 days, and the bank has not bothered to change the account status to salary burgundy from Priority. Despite being able to call me to sell a Bajaj Alliance policy. I am considering closing the account and telling them that they are useless... 😛😛
 
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