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

 

[rohitb]

Something funky happened/happenenign with my points balance.

So when I got M4B , my edge balance was around 15-20k. Did some spending on M4B for around 2-3k worth points. Some got added in edge some in M4B. But M4B balance became 14k+ and edge balance around 22k. Then got August 25k points in edge balance.
So now edge balance around 47k and M4B 14280

Readins some post to make M4B<100 to tap into edge balance I thought to give it a try.
1) Transferred 14k to accor.
Somehow post transaction remaing balance became edge 33k and M4B as 6280
2) transferred 6k to vistara
New balance edge 27k , M4B 2208

After this I stopped. And today received a message that accor tx failed .

 

[sahilgulati5]

Something funky happened/happenenign with my points balance.

So when I got M4B , my edge balance was around 15-20k. Did some spending on M4B for around 2-3k worth points. Some got added in edge some in M4B. But M4B balance became 14k+ and edge balance around 22k. Then got August 25k points in edge balance.
So now edge balance around 47k and M4B 14280

Readins some post to make M4B<100 to tap into edge balance I thought to give it a try.
1) Transferred 14k to accor.
Somehow post transaction remaing balance became edge 33k and M4B as 6280
2) transferred 6k to vistara
New balance edge 27k , M4B 2208

After this I stopped. And today received a message that accor tx failed .
View attachment 35575View attachment 35575

Feku Axis ho raha hai!!

 

[K.R]

has everyone activated the new card? I have transferred all points and don't expect any more points. So now it is safe to activate the new M4B card?

Please donot forget to check the muhurat while activating 🤣 🤣 🤣

 

[K.R]

I’ve almost emptied my puraana balance.

I’m wondering if I even need the card now😁.

I wanted the card for 5:4 for the balance I had.

Now other than TE for air tickets I don’t see a real reason to hold on to the card.
Though TE is a good enough reason to keep the card.

If you have Atlas and Infinia you really don't need M4B. Iam holding it as my spends will be mostly in abroad and will be crossing the 1.5 lakhs monthly threshold for additional 23 Reward Points per 200 spends

 

[SteelSh0t]

My transfer to Accor has failed twice. Anyone knows whats going on with Axis? lol

Should I split my transfers to small denominations

 

[SM24]

If you have Atlas and Infinia you really don't need M4B. Iam holding it as my spends will be mostly in abroad and will be crossing the 1.5 lakhs monthly threshold for additional 23 Reward Points per 200 spends

Ya… Have both.

 

[Avijeet]

Transfer before activation of MB, usually 5:4 activated around date of delivery of card. First transfer out points and then activate new card. I received card a couple days before, transferred out all the points first around 75K. Now will activate the MB card.

I did wiped out my existing points .... but 25K milestone received on 21st nov.

I’ve almost emptied my puraana balance.

I’m wondering if I even need the card now😁.

I wanted the card for 5:4 for the balance I had.

Now other than TE for air tickets I don’t see a real reason to hold on to the card.
Though TE is a good enough reason to keep the card.

i also emptied my puraana balance.... but 25K credited now and Gyftr-edgereward bonus 5X is yet to be credited for the month of AUG, SEP & OCT.

 

[ankurarora898]

Doesn't seem like any extension in 30th November deadline,they are already telling me when I will be eligible it will be paid card 😩🤣.I don't know if people with new upgraded accounts got the upgrade why haven't I

 

[MilesMax]

Account ( I lost 30 days due to their mistake) DPRV and SPRV issue

Mine is still DBPRV, opened digitally back in Sept. I got the upgrade. I don't think that should have mattered.
It's very unfortunate that you passed all the eligibility requirements and they still couldn't provide the upgrade.

 

[chasni]

My transfer to Accor has failed twice. Anyone knows whats going on with Axis? lol

Should I split my transfers to small denominations

What mem number are you using? Use the original one that you got after creating the account. Try with a small amount to test.

 

[chowdaryking]

Hi guys one quick question regarding reward points, monthly spends of more the 1,50,000/- the 35 points for every 200 spent.
When can we expect the points to be creadited.

And any one have the screenshot of the document where it’s mentioned regarding which category expenditure is covered or not for 35 points for every 200.
Thank you.

 

[SM24]

What mem number are you using? Use the original one that you got after creating the account. Try with a small amount to test.

I did the same.

Tested.
Found ok.
Transferred bulk-ish.

 

[Thomas244]

Nov 25th here now wat to do about eligibility. Call again or wait

 

[rishabk27775]

Selling 360k Krisflyer miles @ Rs 1.2 each. Only trade in 150k or above.

Is it some kind of joke? Who is gonna buy at this rate.

 

[RupayMan]

Nov 25th here now wat to do about eligibility. Call again or wait

Call again and check

 

[shushansh]

has anyone here gotten M4B on a burgundy salary account? how many salary credits do they check for? would just 1 credit in the last month work?

 

[jonamdhar]

has anyone here gotten M4B on a burgundy salary account? how many salary credits do they check for? would just 1 credit in the last month work?

Yeah...one month salary credit and one OGS should work

 

[shrekster]

anyone who was told to wait until Nov 25 got their upgrade?

 

[RupayMan]

anyone who was told to wait until Nov 25 got their upgrade?

Yes myself but not upgraded yet, called them morning itself, still November month calculation is not yet arrived, they have data upto October. Since today and tomorrow is holiday, may try on Monday again.

 

[gurbina]

Anyone else experiencing this? 3 Meet and Greet bookings in the last 3 months departing from Mumbai Int on a weekend, all cancelled exactly a day prior.

Seems to me these VIP/M&G vendors only confirm within 24 hours before departure because it's the leftover capacity they couldn't sell so they release it to Axis. Pretty crappy experience, you cannot rely on this service! And from other threads people had similar experiences where they canceled the booking or once you arrive they turn a blind eye on you.