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

 

[CVR]

Got all my pending points. Last transaction date was 13th February.

November grab deals cashback also credited. Everything back on track.

Points not shifting from ER to MB on transfer. Tried few times. MB keeps reducing while lot of points stuck in ER. Any way out of this?

 

[Harry1]

Points not shifting from ER to MB on transfer. Tried few times. MB keeps reducing while lot of points stuck in ER. Any way out of this?

If that's the case, it's good. Easy to bring MB to zero. Then transfer edge points.

 

[CVR]

If that's the case, it's good. Easy to bring MB to zero. Then transfer edge points.

But MB is not in multiple of 100. And since we earn min 12 ER points on every transaction it is impossible to bring it to multiple of 100. In this case how do I bring MB to zero.

 

[Harry1]

But MB is not in multiple of 100. And since we earn min 12 ER points on every transaction it is impossible to bring it to multiple of 100. In this case how do I bring MB to zero.

There is already trick for that.

Axis Magnus - Magnus, Reserve & Other Axis Bank Credit Cards | Devaluation w.e.f. 1st Sep 2023.

-- 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...

www.technofino.in

Just type 200 more points than what u have manually and it will set to max automatically. I have done it 2-3 times and works smoothly.

 

[CVR]

There is already trick for that.

Axis Magnus - Magnus, Reserve & Other Axis Bank Credit Cards | Devaluation w.e.f. 1st Sep 2023.

-- 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...

www.technofino.in

Just type 200 more points than what u have manually and it will set to max automatically. I have done it 2-3 times and works smoothly.

Thanks. And once MB is zero you get option transfer entire ER? Some people have experienced no option to transfer from ER bucket even when MB is zero.

 

[Harry1]

Thanks. And once MB is zero you get option transfer entire ER? Some people have experienced no option to transfer from ER bucket even when MB is zero.

Lol when did this happen?

I transferred few edge points yesterday only at 5:4.

Only thing I am not sure is that u r telling mb to edge points transfer has stopped. This is reported by u only so far.

This may also be a coincidence, as even in old calculation system, edge points won't transfer to mb, if the points that u r converting are indeed magnus burgundy points i.e. last few edge points are actually mb points only. Difficult to explain, unless u understand the old logic of edge points and Magnus Burgundy points calculation logic.

 

[CVR]

Lol when did this happen?

I transferred few edge points yesterday only at 5:4.

Only thing I am not sure is that u r telling mb to edge points transfer has stopped. This is reported by u only so far.

Tried your method. Some random no of points shifted from ER to MB this time instead of MB becoming zero.

 

[Harry1]

Tried your method. Some random no of points shifted from ER to MB this time instead of MB becoming zero.

Lol as I guessed in my above edited post😅.

Read below post multiple times. Without understanding this, no trick will work.

Axis Magnus - Rumor with burgundy axis magnus could be LTF (by Sep 2023 it should be official by axis i think you never know though)

Just received confirmation from bank officials that they will provide Magnus LTF for Burgundy customers from Sep 1st onwards

www.technofino.in

 

[CVR]

Lol as I guessed in my above edited post😅.

Read below post multiple times. Without understanding this, no trick will work.

Axis Magnus - Rumor with burgundy axis magnus could be LTF (by Sep 2023 it should be official by axis i think you never know though)

Just received confirmation from bank officials that they will provide Magnus LTF for Burgundy customers from Sep 1st onwards

www.technofino.in

I understand your logic. What I don’t understand is why is now there a shift from ER to MB while earlier that was not happening

 

[Harry1]

I understand your logic. What I don’t understand is why is now there a shift from ER to MB while earlier that was not happening

Did u see ur edge rewards history? What was the source the last points (credited earliest) earned? If it is Magnus Burgundy, edge points won't transfer to MB.

See the recalculation paragraph (second last paragraph) after a conversion is done.

 

[CVR]

Did u see ur edge rewards history? What was the source the last points (credited earliest) earned? If it is Magnus Burgundy, edge points won't transfer to MB.

See the recalculation paragraph (second last paragraph) after a conversion is done.

I haven’t done any transactions in last 15-20 days on Magnus. I did two transfers, no points shifted from ER to MB. After that I am doing transactions and now random points shifting from ER to MB. I am using your trick (of using points not in multiple of 100) to make MB zero but points keep shifting from ER to MB. Earlier when I was doing transfer in multiple on 100 points were not shifting from ER to MB.

 

[Harry1]

I haven’t done any transactions in last 15-20 days on Magnus. I did two transfers, no points shifted from ER to MB. After that I am doing transactions and now random points shifting from ER to MB. I am using your trick (of using points not in multiple of 100) to make MB zero but points keep shifting from ER to MB. Earlier when I was doing transfer in multiple on 100 points were not shifting from ER to MB.

I don't know u say u have read my post and understood it. But not following it😅. It clearly says to analyse ur whole edge points history and segregate mb points from there. But u r not doing that.

Unfortunately, I can't explain better in text than that post😅, but it seems none is getting it. So, I will leave it here.

 

[CVR]

I don't know u say u have read my post and understood it. But not following it😅. It clearly says to analyse ur whole edge points history and segregate mb points from there. But u r not doing that.

Unfortunately, I can't explain better in text than that post😅, but it seems none is getting it. So, I will leave it here.

I have read your post. But don’t understand why will points shift from ER to MB when transfer is not in multiple of 100 and no shift happens when transfer is in multiple of 100. Anyways, lets leave it here.

 

[ankitfintech]

Anyone has any idea when Axis is going to start issuing Burgundy Magnus cc again (with fees of 30k plus GST).

Are you willing to pay 30k plus GST?
do we get any joining benefits/voucher by paying this fee?

 

[khaitan.rajesh29]

Are you willing to pay 30k plus GST?
do we get any joining benefits/voucher by paying this fee?

I have got 1 lac edge rewards through Reserve card primarily and need to transfer it. I can pay 30k plus taxes if I can get the conversion of 5:4 on my existing rewards.

 

[Deleted member 9785]

I have got 1 lac edge rewards through Reserve card primarily and need to transfer it. I can pay 30k plus taxes if I can get the conversion of 5:4 on my existing rewards.

u get 50k or 1 lac points on reserve?

 

[khaitan.rajesh29]

u get 50k or 1 lac points on reserve?

We get 50k points on reserve, but these are points from transactions, magnus milestone of 1 month etc.

 

[ash_13]

Point balance is again showing up as 0 today morning

 

[dj2006]

I am not able to transfer Edge reward points. Only MB points. Any solution?

Got it. So the MB bucket gets refilled. Means I will have to transfer million times 🙁

 

[sid16]

Hi. This month, I have had some high spends on my Magnus Burgundy and hence have spent more than 1.5 lakhs. Now, Gyftr which gives 2X rewards on Amazon Pay won't be counted for AEP. But if I purchase Amazon Pay GVs from Amazon website, that is like a normal shopping purchase right? So will that be counted towards AEP? That could mean a 3X return on such a transaction. Some one please confirm this.