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

 

[HumorSimpson]

8000th post on the 400th page! (I was waiting for this 😛)

I am waiting for 420 pages and a closure after that as an ode to axis way of things.

 

[BhavyaDoshi]

paid version ?

Yes 30k + taxes

 

[khaitan.rajesh29]

Yes 30k + taxes

I also got a call from the RM today that Burgundy Magnus CC is now being issued. However customer care could not upgrade it on paid version as well. I have mailed to Axis for the same.

 

[BhavyaDoshi]

I also got a call from the RM today that Burgundy Magnus CC is now being issued. However customer care could not upgrade it on paid version as well. I have mailed to Axis for the same.

Did you try contacting customer care today? I don’t think there should be a problem today, one friend of mine also upgraded today through customer care

 

[vkdleo]

They had to start issuing it just before I transferred 75k ER. :/
Dukh Dard Peeda

 

[UKJ]

Guys, any idea how much time it takes to receive credit of transfer of ERs from Axis to Aeroplan (Air Canada)?

 

[BVCBVC is verified member.]

Guys, any idea how much time it takes to receive credit of transfer of ERs from Axis to Aeroplan (Air Canada)?

Got it from the TF forum and Updated by @RewardsAlert . Hope the same timeline as on date also.

Most awaited Axis Edge to Transfer Partners Timeline

Axis Bank Edge Reward Points to Transfer Partners Timeline: Usually the Edge Reward Points/ Edge Miles have an official transfer period of up to 15 days but transfer to different partners varies with each one. I have accumulated a list for these Tranfer timelines based on the experience of...

www.technofino.in

 

[UKJ]

View attachment 45740


Got it from the TF forum and Updated by @RewardsAlert . Hope the same timeline as on date also.

Most awaited Axis Edge to Transfer Partners Timeline

Axis Bank Edge Reward Points to Transfer Partners Timeline: Usually the Edge Reward Points/ Edge Miles have an official transfer period of up to 15 days but transfer to different partners varies with each one. I have accumulated a list for these Tranfer timelines based on the experience of...

www.technofino.in

Yes, I had first searched the forums before posting my query and did find this post. However since it is almost one year old, I thought better to have feedback on current timelines.

 

[BVCBVC is verified member.]

Yes, I had first searched the forums before posting my query and did find this post. However since it is almost one year old, I thought better to have feedback on current timelines.

Someone like you, who are using it has to update.

Once update if you get any information.

 

[Nishan11]

Axis sending swiggy one 3 month membership coupon code 😂.

 

[SM24]

Guys, any idea how much time it takes to receive credit of transfer of ERs from Axis to Aeroplan (Air Canada)?

It took around 24 hours when I transferred on 19th January.

 

[sahilgulati5]

Complimentary Swiggy One 3 Months Membership free with axis Bank cards.. Just got the mail

 

[BVCBVC is verified member.]

Complimentary Swiggy One 3 Months Membership free with axis Bank cards.. Just got the mail

View attachment 45752

Even though you redeemed code, just hide the code.

 

[sid16]

Even though you redeemed code, just hide the code.

So you actually tried the code and checked that it is redeemed. 🤣

 

[sahilgulati5]

Even though you redeemed code, just hide the code.

done and edited!!

 

[BVCBVC is verified member.]

So you actually tried the code and checked that it is redeemed. 🤣

I Already have 1 year subscription for Swiggy and Zomato FYI. No need to try that.

Just trying to inform about keeping the sensitive date on hiding.

 

[UKJ]

It took around 24 hours when I transferred on 19th January.

Thanks for updating.

Does Air Canada allow a booking to be made over phone and have the reservation kept on hold for 1-2 days while the points are transferred?

 

[Harry1]

Axis sending swiggy one 3 month membership coupon code 😂.

Which card? I didn't get😔.

 

[sourpai]

I am not getting any voucher. Last batch also didn't get any. Have 3 axis cards

 

[Venky]

Which card? I didn't get😔.

Got one in my Promotions folder on the Gmail App. No mention of a specific card it just says “Axis bank credit card”. I have a VI and Magnus though.