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

 

[palvannan]

Yeah correct, i have points in 2 buckets but have same transfer ration as BM

Are you getting the option to choose which bucket to transfer points ? As it defaults to BM bucket if points are there

 

[jonamdhar]

I didn't receive my september spend extra points by 15 november. On emailing, they replied that i wasn't eligible. I escalated to premium experience giving them the list of spends. Only then they credited the points to my account.

I once again didn't receive the october spend extra points by 15 december. Have emailed to premium experience just now, giving them the list of spends.

You may do the same.

This seems to suggest there is flaw in the automatic calculation of points. One more unnecessary complication in life.

 

[hello11]

This seems to suggest there is flaw in the automatic calculation of points. One more unnecessary complication in life.

Exactly. This is the first time I’m eligible (for Oct) and I’ve not received it yesterday. So it’s definitely not a one-off flaw if many people haven’t received

 

[SwipeSavvy]

Received October AEP today

 

[Vaastav]

Received October AEP today

Mine also credited. @CVR @ash_13 Check Yours

 

[hello11]

I've still not got it (although I'd only just crossed 1.5 lakh) - have mailed premium experience.. people who had M4B in October - has this been credited to ER or M4B bucket on traveledge?

 

[CVR]

Mine also credited. @CVR @ash_13 Check Yours

I also received. Did it go in ER bucket or MB bucket? I have received in ER bucket although spending was using new MB card.

 

[CVR]

I've still not got it (although I'd only just crossed 1.5 lakh) - have mailed premium experience.. people who had M4B in October - has this been credited to ER or M4B bucket on traveledge?

In my case it has gone into ER. I have complained to customer care that it has to be in MB bucket.

 

[navam]

Kya scene hai guys? All issues resolved with magnus burgundy?
is 30 lk trv still a way to get magnus burgundy with 5:4 transfer ratio?
Existing points (normal burgundy) ko carry over karte hain ya nahi?

 

[Dexter]

In my case it has gone into ER. I have complained to customer care that it has to be in MB bucket.

In my case also it is transferred to ER. But the transfer ratio is 5:4.

 

[sns10]

Has anyone attempted to meet the TRV criteria through investments? Does Axis consider the outstanding balance towards TRV or only the fresh investments made?

 

[SteelSh0t]

Has anyone attempted to meet the TRV criteria through investments? Does Axis consider the outstanding balance towards TRV or only the fresh investments made?

No, because its stupid going for TRV criteria through investments.

 

[Viper1057]

Received October AEP today

Even I got 55 points in AEP even though my total spends were less than 1.5Lakh (1.49L including gyftr etc trxs which are not included according to TnC lol) lmfao 🤣 🤣

 

[CVR]

In my case also it is transferred to ER. But the transfer ratio is 5:4.

But I don’t get option to transfer ER only. Only MB can be transferred

 

[Rags]

Hi, What's the best app to pay a CC bill using Axis Burgundy Debit Ccard and get Edge Rewards? I appreciate your reply.

 

[Viper1057]

Hi, What's the best app to pay a CC bill using Axis Burgundy Debit Ccard and get Edge Rewards? I appreciate your reply.

I use PayZapp by default and for few banks Mobikwik/Cred

 

[hello11]

Anyone has had issues with Mastercard tap to pay? my old Magnus (VISA) worked very well with tap to pay in a couple of restaurants I frequent. However, the new M4B (mastercard) hasn't worked for tap to pay on both these places - chip insert works however.

Wondering if my card has it's antenna broken or if it could be a mastercard issue..

 

[hello11]

Anyone has had issues with Mastercard tap to pay? my old Magnus (VISA) worked very well with tap to pay in a couple of restaurants I frequent. However, the new M4B (mastercard) hasn't worked for tap to pay on both these places - chip insert works however.

Wondering if my card has it's antenna broken or if it could be a mastercard issue..

I've enabled contactless transactions on the settings - so that's not the issue

 

[mastfun]

I have not received Taj coupons/ Voucher

 

[SteelSh0t]

I've enabled contactless transactions on the settings - so that's not the issue

Try adding card to Gpay or Samsung wallet and try tap and pay from phone and see if the txn goes through. If not, there might be a problem with the bank. Else problem with your card and get it replaced