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]

Do we need to email to transfer to preferred partner or to convert the edge points to burgundy points

Email to premium.experience email id of axis

 

[ankurarora898]

Email to premium.experience email id of axis

have emailed them but very less on hope they will do anything before 20th

 

[Rags]

have emailed them but very less on hope they will do anything before 20th

Did you get response ?

 

[ankurarora898]

Y

Did you get response ?

Emailed them on 18th but not transferred yet.Have been following up but doesn't seem like they will consider this before 20th transfer.Here is the response after asking me for details:
Dear Mr. Arora,
Thank you for writing to Axis Bank.
This is with reference to your e-mail dated April 20, 2024, we understand that you wish to transfer your edge points to Air Canada manually towards your Magnus Burgundy credit card ending with ----

As per records, we have already raised an internal interaction regarding your request for manual transfer on April 20, 2024, an update will be provided in 05 working days.

However, the new terms and conditions are effective from today(20-04-2024). If you still continue to do the manual transfer provide your consent, so that we go ahead and process the same.

Your patronage is truly appreciated, and we are dedicated to maintaining the excellence you deserve. Thank you for entrusting us with your banking needs.

 

[shibili]

Anyone can confirm whether the Amazon Pay Gift Voucher purchase from Amazon itself eligible for ER as well as it count towards 1.5L monthly milestone.
I understand GYFTR won't be considered towards 1.5L milestone, so in that case direct AGV purchase will be the better deal if the 1.5L already crossed in particular month. Please confirm.

 

[sourpai]

Anyone can confirm whether the Amazon Pay Gift Voucher purchase from Amazon itself eligible for ER as well as it count towards 1.5L monthly milestone.
I understand GYFTR won't be considered towards 1.5L milestone, so in that case direct AGV purchase will be the better deal if the 1.5L already crossed in particular month. Please confirm.

Yes. Direct purchase on Amazon will be considered for AEP above 1.5L

 

[ENIAC]

Anyone can confirm whether the Amazon Pay Gift Voucher purchase from Amazon itself eligible for ER as well as it count towards 1.5L monthly milestone.
I understand GYFTR won't be considered towards 1.5L milestone, so in that case direct AGV purchase will be the better deal if the 1.5L already crossed in particular month. Please confirm.

yes, just dont go via Grabdeals

 

[shibili]

Is there any other better option to purchase AGV apart from amazon or Gyftr ?

 

[khaitan.rajesh29]

I have got Burgundy magnus CC now, but I am not being able to transfer my edge points. I have 362 points in Burgundy magnus bucket and more than 1 lac points in Edge rewards. I am not able to manually transfer entire 362 by typing it. Is there anyway to move my edge points to Magnus burgundy bucket.

 

[shibili]

I have got Burgundy magnus CC now, but I am not being able to transfer my edge points. I have 362 points in Burgundy magnus bucket and more than 1 lac points in Edge rewards. I am not able to manually transfer entire 362 by typing it. Is there anyway to move my edge points to Magnus burgundy bucket.

Just enter some higher number than ur total MB points, say 1000, and it will automatically filled as 362. In that way you can clear off all MB points. Once MB points are 0, they u can redeem ER at 5:4

 

[khaitan.rajesh29]

Just enter some higher number than ur total MB points, say 1000, and it will automatically filled as 362. In that way you can clear off all MB points. Once MB points are 0, they u can redeem ER at 5:4

I dont get the option to enter the points. Its just giving an option of dragging the slider.

 

[shibili]

I dont get the option to enter the points. Its just giving an option of dragging the slider.

Type it in airmiles field (right side)

 

[khaitan.rajesh29]

Type it in airmiles field (right side)

Thanks. It worked, however every time only 360 points moves from Edge to Magnus burgundy. Will I have to keep doing it more than 500 times to use my 1.9 lacs points or there is some other way out.

 

[SS33]

I find that all my membership IDs for points transfer have been made inactive. Has everyone had to add the memberships again post 20-Apr?

 

[hello11]

I find that all my membership IDs for points transfer have been made inactive. Has everyone had to add the memberships again post 20-Apr?

Not for me. It was made inactive after 1st Sep 2023. But not now - it is still active

 

[hrish88]

Thanks. It worked, however every time only 360 points moves from Edge to Magnus burgundy. Will I have to keep doing it more than 500 times to use my 1.9 lacs points or there is some other way out.

yes redeem some points for a 250/500 voucher.you may lose 1250/2500 points.but you will able to transfer rest of the points in one go

 

[ankurarora898]

I have got Burgundy magnus CC now, but I am not being able to transfer my edge points. I have 362 points in Burgundy magnus bucket and more than 1 lac points in Edge rewards. I am not able to manually transfer entire 362 by typing it. Is there anyway to move my edge points to Magnus burgundy bucket.

email to premium team,They will do it for you.Fill the following details in the email:

Customer ID -

Partner Name -

Partner ID -

Points to be transferred -

First name as per the partner program -

Last name as per the partner program -

 

[Rags]

After a long time, The forum is so silent. Have you guys stopped having issues or stopped using the magnus card after devaluation ?

 

[saketreddy]

After a long time, The forum is so silent. Have you guys stopped having issues or stopped using the magnus card after devaluation ?

No features, no issues.

 

[ishanmontella]

Alright, to keep the thread alive, one question 😂
Does the M4B card still fetch us reward points on rent payments?
Just figuring out a way on how to spend 50k in 3 months (and get ER), as insurance, fuel is out of the window.