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

 

[sahilgulati5]

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.

yep right u should get

 

[Rags]

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.

You cant purchase Amazon GVs from Amazon website using the card. max 1 or 2 only you can buy.

 

[sid16]

You cant purchase Amazon GVs from Amazon website using the card. max 1 or 2 only you can buy.

Why not? I can buy Amazon epay gift cards from Amazon in multiples of 10k right?

 

[shibili]

I'm facing issue with gyftr on purchasing amazon GV. I suspect its something issue with master card platform, since VISA cards are working. Anyone able to purchase GV with their new burgundy magnus ?

 

[hello11]

I'm facing issue with gyftr on purchasing amazon GV. I suspect its something issue with master card platform, since VISA cards are working. Anyone able to purchase GV with their new burgundy magnus ?

I could buy it once. Second time it's not working. Looks like amazon is restricting gift card purchase from credit cards

 

[Prav]

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.

Did you got base reward on purchase of ampay voucher from amazon?

 

[ankurarora898]

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.

I have the same question did you get the base points,have already crossed 1.5 lakh spend this month so quick reply will help,last day of the month

 

[sid16]

I have the same question did you get the base points,have already crossed 1.5 lakh spend this month so quick reply will help,last day of the month

Same boat, last day of the month. That's why waiting for a credible reply. If you are asking me if I have received base points for transactions of this month, yes I have.

 

[rogerthat]

Yes, you can buy up to Rs.30000 of Amazon Pay GVs from Amazon itself in a period of 30 days from an Amazon account using credit cards. There are further restrictions too based on the number of days.

However if you make it a habit Amazon will restrict GV purchase from your account using credit cards. If you need more from a different Amazon account. You can also try your luck by using your Magnus on other Gyftr websites to buy Amazon Pay GVs. I know Zillion (ex-Payback) works. Don't use PayTM those guys are frauds.

 

[ankurarora898]

Same boat, last day of the month. That's why waiting for a credible reply. If you are asking me if I have received base points for transactions of this month, yes I have.

I meant if you purchased the Amazon pay voucher and got the points 🫢

 

[sid16]

I meant if you purchased the Amazon pay voucher and got the points 🫢

Why will we not get points on something bought from Amazon cart? Is there some precedence where it hasn't happened?

 

[sourpai]

I bought Amazon Pay GVs yesterday from Amazon itself using MB as I am over 1.5L for this month. Also added one 400 rupee item in the cart and ordered together. It should give reward points ideally. Merchant name is same as it appears always

 

[Deleted member 9785]

did aybody face points/miles reversals ?

 

[rogerthat]

did aybody face points/miles reversals ?

Yes I did. I got 6 Miles "reversed" for an Amazon transaction of Rs.374. Thing is that I've made no such transaction on my Atlas card at all, ever!

I am so tired of these headless chickens at Axis.

 

[kapsshah42]

Have got some traveledge 5x points on Feb 2.But I am unable to comprehend against which months spends are they.Any one got credit of traveledge during that time can ellaborate?

 

[Ramakgmc]

Do we get points for spends on IRCTC website on M4B? Will it be considered as a government spend category?

 

[shibili]

Do we get points for spends on IRCTC website on M4B? Will it be considered as a government spend category?

will get points

 

[Ankit13]

I contacted customer care regarding issues with reward point redemption and now they are saying that it will be resolved by end of March. Does anyone else have some information on this?

 

[CVR]

I contacted customer care regarding issues with reward point redemption and now they are saying that it will be resolved by end of March. Does anyone else have some information on this?

You can’t trust them with any date. And i am not sure what they mean by resolution. They could further worsen it.

 

[BMR]

I could buy it once. Second time it's not working. Looks like amazon is restricting gift card purchase from credit cards

This is true, last week I bought atleast 5 amazon gift cards through amazon site but it shopped showing credit card options after a while. I thought I had reached my limit, so I tried atleast 4 different amazon accounts, even asked friends to try buying amazon GC, and nobody is getting the credit card option. Sometimes it shows debit card options, and at times only UPI.

I am also not able to buy more than 20k amazon pay voucher through Gyftr using someone else's Gyftr account. It says invalid card bumber. I spoke to Gyftr support and they said the registered mobile number of credit card being used, and the mobile number in Gyftr account has to be the same else the transaction will fail.