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

 

[SteelSh0t]

View attachment 46796
I want to transfer all 217k points to Marriott but I am only able to convert 182100 MB points at once but I remember people facing issues after having few points left in their MB basket. Can someone help me with transferring all edge rewards without any hassle.

There is a trick.

In the first transfer, put 99999999 as the amount in the miles number while transferring, it will automatically switch to the highest number available in your bucket and your bucket will become 0 after the transfer and you'll get ER points transferred to MB Bucket

 

[amitr29]

View attachment 46796
I want to transfer all 217k points to Marriott but I am only able to convert 182100 MB points at once but I remember people facing issues after having few points left in their MB basket. Can someone help me with transferring all edge rewards without any hassle.

Transfer 1.82 Lacs and then you will be able to transfer remaining.

 

[amitr29]

few Qs
1. Do we get March AEP before 20th April, as it's very important to redeem in the group of our choice? we have to write emails and push Axis leadership to credit March AEP early as the T&C revision is made before mid of march
2. The 10 lac limit between Group A&B is from 20 April 2024 to 31 December 2024. Is this additional 10 lac capping in addition to the transfers we already made until 19 April 2024? For example, I have already made 5 lac miles transfers so far, so will I get an additional 10 lacs mile transfer limit, for a total of 15 lac miles limit in the Calendar year 2024?
3. If someone has both Atlas and M4B, how does customer ID capping work? M4B gives edge rewards and Atlas gives miles

Thanks in advance for the response

1) Not sure
2) Yes, this is how it will work
3) Capping will be seperately on Edge miles and Edge rewards all. For Edge miles as per Atlas and for Edge Rewards as per M4B

 

[nikhilesh71]

the BMS offer on Burgundy debit card is only applicable till 31st March 2024. God knows whether it will be renewed or not. https://www.axisbank.com/docs/defau...ow-offer-on-burgundy-debit-card31-march23.pdf
View attachment 46786

Bms offer is available on so many other credit/debit cards. So that’s less of issue. Saving grace is meet & greet is retained but with reduced limit. 2 lakh capping on points should be good enough for average users.

 

[jab]

View attachment 46796
I want to transfer all 217k points to Marriott but I am only able to convert 182100 MB points at once but I remember people facing issues after having few points left in their MB basket. Can someone help me with transferring all edge rewards without any hassle.

Spend exact amount of 4000, which will give u 240 more points, Which in turn will make Magnus burgundy to 182400 which is multiples of 300. Transfer all, if the magnus burgundy becomes zero then u will be able transfer edge points. ( Used to work no idea if its true now)

 

[Samrock90]

There is a trick.

In the first transfer, put 99999999 as the amount in the miles number while transferring, it will automatically switch to the highest number available in your bucket and your bucket will become 0 after the transfer and you'll get ER points transferred to MB Bucket

Works like a charm

 

[ishanmontella]

Works like a charm

Where do we enter the amount while transferring? I only see the slider. Could you share a screenshot?

 

[abhim]

Where do we enter the amount while transferring? I only see the slider. Could you share a screenshot?

Just click on the edge miles shown under the slider and it will let you enter text

 

[sourpai]

I am really glad that the core reward rate has not been tinkered with. It is the only thing I use the card for.

Rest of the things are anyways peripherals. I never used M&G in last 1.5 years. When is it really required in Bangalore? Bookmyshow was used twice only. Now I will use same offer on IDFC Wealth. 50k spend for lounge is tricky, but seems like I will achieve that as well. I hope they give some input in the app so that 50k tracking is easier on rolling 3 month basis

Used PP guest visit for children, but 4 looks fine as of now, unless there are more than 2 international family trips with layovers

I think in a few days, people will come to the realisation that it is not bad after all. But yes, if you are getting this card for BMS and M&G then look somewhere else.

 

[hrish88]

50k spend for lounge is tricky

Magnus is rewarding for high spender.if you find it tricky to spend 50K in 3 months then the card is not beneficial for you. especially when other non spend benefits are gone.

The only reason people going through the hassle of burgundy so that they can earn 2-3L points per year which requires significant spending.

 

[sourpai]

Magnus is rewarding for high spender.if you find it tricky to spend 50K in 3 months then the card is not beneficial for you. especially when other non spend benefits are gone.

The only reason people going through the hassle of burgundy so that they can earn 2-3L points per year which requires significant spending.

Not sure why you picked up that line only, but spend criteria goes against Premium-ness of card offering. I was expecting MB to be in tune with Reserve here on lounge access

But overall agree that MB is good for high spends. Should not be a problem with many folks. As for me, not the issue as mentioned in the post. I am waiting for significant AEP points for Feb

 

[hrish88]

Not sure why you picked up that line only, but spend criteria goes against Premium-ness of card offering. I was expecting MB to be in tune with Reserve here on lounge access

But overall agree that MB is good for high spends. Should not be a problem with many folks. As for me, not the issue as mentioned in the post. I am waiting for significant AEP points for Feb

I agree with you with 30L TRV and 30K fees,There should not be any spend criteria.but it axis what else we can expect from it.

I was saying that since most of the non spend features gone.the card is only useful for high spenders.for spends below 10L its not worth the hassle.

 

[BhavyaDoshi]

There is a trick.

In the first transfer, put 99999999 as the amount in the miles number while transferring, it will automatically switch to the highest number available in your bucket and your bucket will become 0 after the transfer and you'll get ER points transferred to MB Bucket

Wow, that works
Really appreciate for the help!

 

[Swastik]

Does Domestic Lounge on Priority Pass also require 50k spends in last 3 months ?

Also ,i wasn't aware that there are Domestic Lounge Guest visits on Magnus ,is that a new thing!

 

[Rags]

Burgundy debit card devalued as well.

That's really sad

 

[sahilgulati5]

Axis is devaluing itself day by day.

 

[CardScout]

Burgundy debit card devalued as well.

The devaluation is negligible in burgundy debit card.

• At least the BMS BOGO is still there. One BOGO usage daily is a bummer though 🙁
• 5k for 3 months seems okay for lounge access.
• Was there any DCC markup before?
• I am not sure who would use debit card for ER point collection.

 

[sourpai]

The devaluation is negligible in burgundy debit card.

• At least the BMS BOGO is still there. One BOGO usage daily is a bummer though 🙁
• 5k for 3 months seems okay for lounge access.
• Was there any DCC markup before?
• I am not sure who would use debit card for ER point collection.

On contrary, ER points on DC spends has been one of the best features used by many. It gives ER points on cc bill payments on all platforms. It is 0.8% return in the form of miles if you have MB with 5:4 transfer ratio. It is going away now due to exclusion list

 

[Harry1]

The devaluation is negligible in burgundy debit card.

• At least the BMS BOGO is still there. One BOGO usage daily is a bummer though 🙁
• 5k for 3 months seems okay for lounge access.
• Was there any DCC markup before?
• I am not sure who would use debit card for ER point collection.

Main devaluation is MCC restrictions. People were getting free points on credit card payments and wallet loads. That's gone.

 

[Rags]

The devaluation is negligible in burgundy debit card.

• At least the BMS BOGO is still there. One BOGO usage daily is a bummer though 🙁
• 5k for 3 months seems okay for lounge access.
• Was there any DCC markup before?
• I am not sure who would use debit card for ER point collection.

Burgundy DC gives 1 ER for every 100/- with every spend, now it's now capped at 2000 points per month. I have made 3 lac ERs on DC alone last one year