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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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nagr22 said:
I finally got my BM card approved and I can see the BM points quota in Travel Edge portal. I am yet to receive the card in hand and I have neither unboxed it from the app. But strangely, the BM points quota shows 8321 points (Odd number 🙄) and my ER points balance is intact with no change. I am confused now about how I received BM points without activating the card and how to transfer the odd number of points and make BM balance zero? Anyone else faced this problem?
Click to expand...
There is some change in the travel edge interface today for converting points. Even for me the same number of points in ER is showing in BM bucket also, though I haven't spent anything on it . And the points to be transferred is default from BM bucket now ! Just wait for a day or two as this could be a bug.
 
Upvote 0 Downvote
Does the points transaction history shows MB points seperately as well?
I only see it for ER points & Edge miles.
ER - points earned by you
EM - Miles earned by you

Do you see something else for MB points?
 
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mastfun said:
Lol, I suddenly see 22K points in my Magnus bucket even without spending a lot 🙁
View attachment 38883

My transfer is with Magnus now 😀 Cannot use EDGE Reward Points
Click to expand...
There is some bug in traveledge.
I have not made any spends on M4B card yet. But still it shows 44k points on MB bucket.
I just transferred 10k points to see, it was debited from ER bucket itself not MB bucket.
 
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MilesMax said:
There is some bug in traveledge.
I have not made any spends on M4B card yet. But still it shows 44k points on MB bucket.
I just transferred 10k points to see, it was debited from ER bucket itself not MB bucket.
Click to expand...
I activated the Magnus Burgundy Card yesterday. Haven't made a single transaction on it. I still see 72 MB points.
Also the transfer option for me has changed from Edge Reward to MB which ideally shouldn't have happened. This 72 MB points credit has spoiled it for me. Any way I can transfer the ER points now?


IMG_0603.jpeg
 
Upvote 0 Downvote
ramarox said:
I activated the Magnus Burgundy Card yesterday. Haven't made a single transaction on it. I still see 72 MB points.
Also the transfer option for me has changed from Edge Reward to MB which ideally shouldn't have happened. This 72 MB points credit has spoiled it for me. Any way I can transfer the ER points now?


View attachment 39028
Click to expand...
Do some spend to raise MB points to minimum 300. Then you can transfer all points.
 
Upvote 0 Downvote
Can anyone help with latest working way for Accor transfer. After conversion to Magnus burgundy have emailed with Accor plus screenshot to traveledge still failing. I keep trying with 300 points every 3 days
 
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Thomas244 said:
Can anyone help with latest working way for Accor transfer. After conversion to Magnus burgundy have emailed with Accor plus screenshot to traveledge still failing. I keep trying with 300 points every 3 days
Click to expand...
I added my old accor number (the basic one before silver/plus) and transfers are working. Have you tried that?
 
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Thomas244 said:
Can anyone help with latest working way for Accor transfer. After conversion to Magnus burgundy have emailed with Accor plus screenshot to traveledge still failing. I keep trying with 300 points every 3 days
Click to expand...
Did you receive a reply to your email? I had to make a couple of follow up calls and it took about 10 days to address this.
 
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