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

 

[drsel]

Thanks for confirming my doubt. Last credit was on 25 jan, and 2 rp txn were reversed on 29th.
Can you share a little info - when does accelerated credit both 5x/2x and above 1.5l ones where 35er per 200rs is given? Last it was credited for me on 16 December 2023 for October 2023

That's correct, after 2 months you get 23 bonus points for Magnus Burgundy spends over 1.5 lakhs in a Calendar month

 

[RakeshM]

Credit card bill payments

What is the process to pay Axis Credit Card bills using debit card ?
I paid at Axis ATM but did not get any RPs.

 

[drsel]

What is the process to pay Axis Credit Card bills using debit card ?
I paid at Axis ATM but did not get any RPs.

Use IndusInd exclusive debit card on Park plus or cheq or Cred

 

[sid16]

What is the process to pay Axis Credit Card bills using debit card ?
I paid at Axis ATM but did not get any RPs.

Cred above Rs. 50000/=. HDFC Bill Pay. Mobikwik. All using Axis Burgundy debit card. Hdfc Platinum Easyshop DC will give you cashback if you use HDFC Bill Pay.

 

[drsel]

Cred above Rs. 50000/=. HDFC Bill Pay. Mobikwik. All using Axis Burgundy debit card. Hdfc Platinum Easyshop DC will give you cashback if you use HDFC Bill Pay.

So can we pay all credit card bills of all banks with Axis burgundy debit card on Paytm or park plus and get 1 edge point on 100 rupees?

 

[sahilgulati5]

So can we pay all credit card bills of all banks with Axis burgundy debit card on Paytm or park plus and get 1 edge point on 100 rupees?

yes right 1%!!

 

[drsel]

yes right 1%!!

Worth 0.8% because 5:4 ratio with Magnus Burgundy.

IndusInd exclusive Visa debit card gives me 0.93% real cashback of Rs.1050 (max. 3000 points converted to Rs 1050), when used to pay credit card bills of Rs.112500 on Paytm, Park plus

 

[readers900]

Worth 0.8% because 5:4 ratio with Magnus Burgundy.

IndusInd exclusive Visa debit card gives me 0.93% real cashback of Rs.1050 (max. 3000 points converted to Rs 1050), when used to pay credit card bills of Rs.112500 on Paytm, Park plus

If converted to Accor at 5:4 ratio the value you get is 1.44% (1 Accor Point = ~1.8 rupees) with no capping. So you would get 1620 rupees on bill payment of Rs.112500

 

[Ankit13]

Now customer care is saying travel edge will be fixed by 15th.

 

[drsel]

Now customer care is saying travel edge will be fixed by 15th.

Flight booking works perfectly.
only the point to miles is not working

 

[hari99]

So can we pay all credit card bills of all banks with Axis burgundy debit card on Paytm or park plus and get 1 edge point on 100 rupees?

2 edge points for 200,

 

[CVR]

Yes.. I was able to click it.. Transfer now option was available for me, and redeemed it through website.. And my Burgundy points was showing zero (screenshot)..I thought this will work for everyone 😑😑

Now since MB bucket is zero is it allowing you transfer entire ER bucket at 5:2?

 

[CVR]

Now customer care is saying travel edge will be fixed by 15th.

What do they mean by fixed? Will we able to transfer all points at 5:4 without the hassle of 2 buckets or does i mean something else which could be worse for us?

 

[drsel]

What do they mean by fixed? Will we able to transfer all points at 5:4 without the hassle of 2 buckets or does i mean something else which could be worse for us?

Worse for us.
2 separate buckets 5:2 and 5:4

 

[iamfaisy]

Now since MB bucket is zero is it allowing you transfer entire ER bucket at 5:2?

In my case immediately after transfer, certain ER points are being credited to my Burgundy points, which i am able to redeem with 5:4 option

 

[chasni]

Worse for us.
2 separate buckets 5:2 and 5:4

How are they gonna create two separate buckets? Are they planning to review each points and categorize them?
All the TE and 1.5l AEP points are getting credited to ER bucket instead of MB even though all the spends are on MB. No way, any MB holder will accept to redeem AEP points at 5:2

 

[sourpai]

How are they gonna create two separate buckets? Are they planning to review each points and categorize them?
All the TE and 1.5l AEP points are getting credited to ER bucket instead of MB even though all the spends are on MB. No way, any MB holder will accept to redeem AEP points at 5:2

They might do one time segregation activity for all past points. For example all magnus burgundy related points will move to 5:4 bucket and rest to 5:2 buckets. At the same time for future they will give option to redeem respective 5:4 and 5:2 points separately

 

[CVR]

They might do one time segregation activity for all past points. For example all magnus burgundy related points will move to 5:4 bucket and rest to 5:2 buckets. At the same time for future they will give option to redeem respective 5:4 and 5:2 points separately

Thats the correct way bur Axis systems are too poor to manage all this. i think issues and complexity are going to just increase and not decrease

 

[Deleted member 9785]

There is recession in IT sector. Now axi shit can easily hire good coders at affordable salaries. Whats the issue? Are they hiring ITI engineers instead of IIT

 

[sid16]

Worse for us.
2 separate buckets 5:2 and 5:4

There won't be a 5:2 bucket with a 5:4 bucket. Technically, Select CC will fall in 10:1 bucket and DC will fall in 20:1 bucket.