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

 

[SM24]

Guys an unrelated question to devaluation, but does anyone know if we have to use the credit card with same name as the travel edge account when making a booking on travel edge portal.
What I'm asking is, a friend want to use my credit card to book a ticket through his travel edge account, will I get the bonus ERs in this case ?

You'll get the points.

Safer would be you booking from your account for him.

 

[SM24]

My issue is different. I am not getting OTP for past 3 days. Called up Burgundy and then Travel edge. Came to know that my data has been deleted by some technical glitch. Have dropped a stinker email to Mr Amitabh Choudhary

Hmm...

Good or bad, Axis just wants engagement.

 

[Warlock27]

Booking from my account is not possible due to all the details involved. He just wants my card.
Have you ever done any such booking yourself ?

You'll get the points.

Safer would be you booking from your account for him.

 

[SM24]

Booking from my account is not possible due to all the details involved. He just wants my card.
Have you ever done any such booking yourself ?

No. I havent.

 

[Virgo]

I have paid earlier via CheQ, MobiKwik and Payzapp annd have always received 1% ER points within 2-3 days.

However, no points given as yet for payments of 4L plus made on Dec 1st via Payzapp. Considering it’s more than 4 days, I suspect Axis has stopped the rewards on credit card payments. Will still continue to watch for next few more days

@MilesMax @Rags

Received the ER points for my CC payments via Axis DC. Finally…But this time Axis took unusually long to post the points

 

[typhoon]

Received my 23 Points per 200 above 1.5 lacs for October month today. Will transfer and Activate my M4B

I haven't received.

 

[SteelSh0t]

Not received yet

Not received yet

 

[Prav]

Not able to redeem magnus burgundy 5k voucher,
Any solutions

 

[K.R]

Not able to redeem magnus burgundy 5k voucher,
Any solutions

Are you new to Magnus ? because the voucher is received by everyone, but only new customers can avail

 

[makman]

The branch official is correct. Only Select is LTF with Burgundy.

I have burgundy account and they denied LTF Atlas. Atlas will be given LTF based on salary criteria and the affiliate between your company and Axis. Only for those company employees. Check with your RM.

Coming to Burgundy conversion, for True burgundy you need 3L+ net salary credit. Unfortunately you won't be eligible M4B through salary criteria.
If you keep 10L in savings for 3 months (AQB) you'll be eligible for a paid M4B as the LTF offer ends this month.
I'd say just go with paid Atlas if your spends are less. You'll get 5000 points as joining bonus which is pretty decent and can get you 2 night stay in Grand Mercure or 1 night stay in some ITC hotels etc depending on where you transfer.

If i get LTF atlas with the burgundy account and company relationship, do they make it chargeable at later point if I am no longer burgundy?

 

[CMGCMG is verified member.]

The branch official is correct. Only Select is LTF with Burgundy.

I have burgundy account and they denied LTF Atlas. Atlas will be given LTF based on salary criteria and the affiliate between your company and Axis. Only for those company employees. Check with your RM.

Coming to Burgundy conversion, for True burgundy you need 3L+ net salary credit. Unfortunately you won't be eligible M4B through salary criteria.
If you keep 10L in savings for 3 months (AQB) you'll be eligible for a paid M4B as the LTF offer ends this month.
I'd say just go with paid Atlas if your spends are less. You'll get 5000 points as joining bonus which is pretty decent and can get you 2 night stay in Grand Mercure or 1 night stay in some ITC hotels etc depending on where you transfer.

Do you get the 10k annual benefits for the Platinum Tier with LTF Atlas card?

 

[Prav]

Are you new to Magnus ? because the voucher is received by everyone, but only new customers can avail

New axis customer

 

[PrinceHeart]

Renewal (ongoing) benefits of magnus; after deval:

• Unlimited dom. lounges for primary.
• Unlimited dom. lounges for 4x addon.
• Unlimited int. lounges with pp.
• 8 guests access at int. lounges with pp.
• 8 meet & greet at airports.
• Unlimited golf. (Don't have)
• 15% off oberoi hotels + compli room upgrade (till 30 june 2024)
• 15% off trident hotels (till 30 june 2024)
• Easydiner 40% off
• BMS BOGO offer (max Rs500 /5x per mo/60x per yr).

One can easily get the renewal fees back and then some. Does these not come under yrly renewal benefits ?

I am planning to hold this card for atleast 2 yrs 10 months (using it and making edge points). Then wait next 2 months to get all the points, and redeem. Cause the edge points validity is 3years. After which I have to start from 0 edge points. Then, I can still continue or close.

Abhi utni duur ka nahi socha.🤪

 

[purush]

Renewal (ongoing) benefits of magnus; after deval:

• Unlimited dom. lounges for primary.
• Unlimited dom. lounges for 4x addon.
• Unlimited int. lounges with pp.
• 8 guests access at int. lounges with pp.
• 8 meet & greet at airports.
• Unlimited golf.
• 15% off oberoi hotels + compli room upgrade (till 30 june 2024)
• 15% off trident hotels (till 30 june 2024)
• Easydiner 40% off
• BMS BOGO offer (max Rs500 /5x per mo/60x per yr).

One can easily get the renewal fees back and then some. Does these not come under yrly renewal benefits ?

I am planning to hold this card for atleast 2 yrs 10 months (using it and making edge points). Then wait next 2 months to get all the points, and redeem. Cause the edge points validity is 3years. After which I have to start from 0 edge points. Then, I can still continue or close.

Abhi utni duur ka nahi socha.🤪

Where u got all these. Magnus doesn't has golf benefits

 

[MilesMax]

If i get LTF atlas with the burgundy account and company relationship, do they make it chargeable at later point if I am no longer burgundy?

Atlas is not associated with Burgundy so nothing will happen, you'll continue to have Atlas LTF.
Just like how many people are using LTF Mangus (non burgundy version)

 

[MilesMax]

Do you get the 10k annual benefits for the Platinum Tier with LTF Atlas card?

View attachment 36942

Many people on Twitter had mentioned they recieved joining benefits even for LTF card, so I feel annual benefits might be given.

 

[PrinceHeart]

Where u got all these. Magnus doesn't has golf benefits

Ok, edited my post.

I clearly had a long conversation with the concierge guy on phone, when I call them for my welcome benefit sms. And he told me golf lessons are 100% free, but golf games are chargable to some extend, need to pay extra for clubs, and some other payments involved.

 

[palvannan]

Not able to redeem magnus burgundy 5k voucher,
Any solutions

Contact the Thriwe customer care number as well as send a mail mentioned in the site, that you are not able to unlock the gift voucher. I had the same problem with unlocking my Yatra voucher in October for my new Magnus card ( welcome voucher benefits) . They rectified it after a few days.

 

[chowdaryking]

Received my 23 Points per 200 above 1.5 lacs for October month today. Will transfer and Activate my M4B

Hi, is this common to get extra 23 points per 200 more than a month after expenditure or it got delayed for you.

I am actually waiting to get my extra points for the payment made in the month of November when can I expect those points to be credited?

 

[K.R]

Hi, is this common to get extra 23 points per 200 more than a month after expenditure or it got delayed for you.

I am actually waiting to get my extra points for the payment made in the month of November when can I expect those points to be credited?

It's between 30 days to 45 days. So November will come between Jan 1st to Jan 15th