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

 

[Ravana_88]

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.

My accor membership no. last digit changed from L to N . Earlier one ( with L ) also vanished from the transfer edge . I have just added the new one ending with N and transferred 300 points . Will this work or do I have to add the old membership no. ending with L

 

[chasni]

My accor membership no. last digit changed from L to N . Earlier one ( with L ) also vanished from the transfer edge . I have just added the new one ending with N and transferred 300 points . Will this work or do I have to add the old membership no. ending with L

I have done all my transfers on the original membership number. This is for both Axis Traveledge and Rewards 360 (HDFC)

 

[SteelSh0t]

My accor membership no. last digit changed from L to N . Earlier one ( with L ) also vanished from the transfer edge . I have just added the new one ending with N and transferred 300 points . Will this work or do I have to add the old membership no. ending with L

If you added new membership id and transfered, it will fail.

You have to email travel edge support that your id changed, update it on axis end and include screenshot showing your name and new id

 

[Rags]

I see no point in making Edge Rewards to 0. As burgundy customers we get ER for even receiving money in bank account in excess of 1 lac (100 ER).......which I think most of us will receive somewhere down the line.

Also we receive 2ER/200 if in case we happen to pay using burgundy debit card......like credit card bills through payzapp etc.

There are many more ways we might end up earning ER. Complete list here - https://www.axisbank.com/axis-edge-rewards/burgundy

Hi, how many days does it take to get the ERs after paying CC bill with DC? i tried but dont see any points even after 4 days. Is there a cap?

 

[Virgo]

Hi, how many days does it take to get the ERs after paying CC bill with DC? i tried but dont see any points even after 4 days. Is there a cap?

It appears something has changed. I have received points on credit card payments made through my Burgundy DC in past within 2 days. Last points for CC payment are credited for payments made on Nov 20th. However, no points received for payment made on Dec 1st. Looks Axis has stopped giving points 🙁

 

[Rags]

It appears something has changed. I have received points on credit card payments made through my Burgundy DC in past within 2 days. Last points for CC payment are credited for payments made on Nov 20th. However, no points received for payment made on Dec 1st. Looks Axis has stopped giving points 🙁

Sad, thanks for the reply. let me know whenever u have an update 🙂

 

[Riva]

I made a payment to my HDFC cc bill on payzapp using burgundy debit card on 27Nov and I got ER on that transaction in approximately 5 days.
Must be some issue with their system. Call support and ask why the delay.

 

[Viper1057]

Hi, how many days does it take to get the ERs after paying CC bill with DC? i tried but dont see any points even after 4 days. Is there a cap?

Can take upto a 5-8 working days easily. I did cc bill payment on 30th nov and got points on 2nd december but sometime it even took more than 6 days easily, so wait a while, I did a 1.5lakh cc bill yesterday so will get points most likely by next week at most.

And there is no cap, its unlimited 1% ER.

 

[UKJ]

Hi, after going through several posts I've realised that there is some issue/complexity in getting 5:4 conversion after issue of MB card. Do I understand correctly that:
1. Once MB card is issued, the conversion ratio will change to 5:4 from 5:2. This will allow existing ER points to be converted at 5:4 ratio.
2. However once points are received through MB card then there will be a new bucket of MB points which will convert at 5:4, and the earlier ER points will go back to 5:2 conversion.
3. This happens when points are earned on the new MB card - Not when MB card is activated. So MB card can be activated without causing any issue.
4. Once the new points earned with MB card are consumed to zero, then the earlier ER bucket conversion will once again change to 5:4.

Is my understanding correct?

 

[shrekster]

In spite of last 3 OGS above 10L the name is not there in the list.Told to reach again after 15 Dec.Cant understand what is Axis upto.

Same here - 45 days also passed with TRV and latest OGS also reflects that. Informed to contact after 15 Dec 2023.

 

[Viper1057]

Hi, after going through several posts I've realised that there is some issue/complexity in getting 5:4 conversion after issue of MB card. Do I understand correctly that:
1. Once MB card is issued, the conversion ratio will change to 5:4 from 5:2. This will allow existing ER points to be converted at 5:4 ratio.
2. However once points are received through MB card then there will be a new bucket of MB points which will convert at 5:4, and the earlier ER points will go back to 5:2 conversion.
3. This happens when points are earned on the new MB card - Not when MB card is activated. So MB card can be activated without causing any issue.
4. Once the new points earned with MB card are consumed to zero, then the earlier ER bucket conversion will once again change to 5:4.

Is my understanding correct?

Yes absolutely correct.

 

[SM24]

Yes absolutely correct.

Activated M4B after emptying my ER bucket.
I immediately saw the M4B bucket.

Made first txn on TEP using M4B.

So the 5X will go and sit in M4B or ERP bucket please?

 

[chasni]

Activated M4B after emptying my ER bucket.
I immediately saw the M4B bucket.

Made first txn on TEP using M4B.

So the 5X will go and sit in M4B or ERP bucket please?

I think 1x goes to M4B and 4x goes to ER.

Edit: I did a transaction on TE last week. Got 1x yesterday in M4B and 4x is yet to be credited.

 

[SM24]

I think 1x goes to M4B and 4x goes to ER.

Edit: I did a transaction on TE last week. Got 1x yesterday in M4B and 4x is yet to be credited.

Axis and technofino a match made in this heavenly forum of celestial attendees.

Just cant leave it, can we...

 

[chasni]

I think 1x goes to M4B and 4x goes to ER.

Edit: I did a transaction on TE last week. Got 1x yesterday in M4B and 4x is yet to be credited.

Also realized before becoming M4B, I used to get all 5x together post Sep'23 change. Now, it has reverted back to the original scheme.

 

[SSMV]

Anyone got 5000 rs after upgrading from Normal magnus card to Burgundy magnus card

 

[SSMV]

Anyone interested in Buying edge points can DM me

 

[K.R]

Hi, how many days does it take to get the ERs after paying CC bill with DC? i tried but dont see any points even after 4 days. Is there a cap?

For me it took 3 days. I made a CC payment of 2.5 L and i got around 2500 ER

 

[K.R]

I think 1x goes to M4B and 4x goes to ER.

Edit: I did a transaction on TE last week. Got 1x yesterday in M4B and 4x is yet to be credited.

I have not activated my M4B yet. Used my new Atlas for TE and got my miles.. When is the October 23 ER per 200 above 1.5 lacs expected to be credited

 

[MilesMax]

Hi, how many days does it take to get the ERs after paying CC bill with DC? i tried but dont see any points even after 4 days. Is there a cap?

How did you pay the bill?
I have personally tried Mobiqwik and Cheq. Both will give 1% ER. I don't think there is any cap.