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

---

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

 

[sid16]

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

Do some spend to raise MB points to minimum 300. Then you can transfer all points.

 

[shashankrt]

Is this true? MB will be chargeable with 30K fees 🙄 ?



Doesnt make any sense.

 

[chasni]

Anyone with M4B card who has used it for Traveledge in last month? I made a booking on Dec 2 and still waiting for 4x points. For normal Mmagnus (post Sep 1), I used to get all points at once. Is this normal?

 

[Viper1057]

Anyone with M4B card who has used it for Traveledge in last month? I made a booking on Dec 2 and still waiting for 4x points. For normal Mmagnus (post Sep 1), I used to get all points at once. Is this normal?

Normal, will get within next one week

 

[chasni]

Normal, will get within next one week

It has already been a month. so, I should contact support?

 

[Viper1057]

It has already been a month. so, I should contact support?

I think official TAT is upto 45/60 days. Actually in the backend they only credit once per month for traveledge 4x points. So for december transaction in next few days it should arrive.

 

[Thomas244]

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

 

[hello11]

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

I added my old accor number (the basic one before silver/plus) and transfers are working. Have you tried that?

 

[rogerthat]

Is this true? MB will be chargeable with 30K fees 🙄 ?



Doesnt make any sense.

It does make sense. Since everything Axis does nowadays makes no sense, it actually makes sense that they are doing things that make no sense. Savvy?

 

[SS33]

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

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.

 

[shashankrt]

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

Facing similar issue Accor silver number failed - however Kris flyer transfer went through

 

[rayhan12]

How to close Axis Magnus card ?

 

[bing1309]

How to close Axis Magnus card ?

clear all dues make outstanding 0 call customer care for closing the card they will xyz say i will apply offline another card they will close it immediately

 

[rayhan12]

clear all dues make outstanding 0 call customer care for closing the card they will xyz say i will apply offline another card they will close it immediately

Okay, thanks for the explanation. I will do that.

 

[rayhan12]

clear all dues make outstanding 0 call customer care for closing the card they will xyz say i will apply offline another card they will close it immediately

Also, I will transfer all the points.

 

[bing1309]

Also, I will transfer all the points.

yes transfer first or else ratio conversion will be an issue

 

[ankurarora898]

even after sharing 3 ogs of more than 10 lakhs they are saying they can't upgrade and telling me the fees of 30k 😩🫢

 

[Harry1]

even after sharing 3 ogs of more than 10 lakhs they are saying they can't upgrade and telling me the fees of 30k 😩🫢

Interesting, so no trv required for paid card? That seems a good deal for people who didn't want to park money in savings or FD.

 

[sriniak1303]

I upgraded to burgundy salary account with 2.8L salary in month of November. But now when I ask for M4B LTF card, they are saying we need 3L+ credit
is It true or did anyone succeed in getting LTF card with lower salary and with burgundy salary account.
RM is offering Atlas LTF, which is not great for sure

 

[Thomas244]

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.

No reply to email. Its been a week.