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

 

[Harry1]

Has anyone got debit card points since 1st May? All My transactions since one month are pending for points credit.

Finally points were credited today. As expected, No points for excluded categories. They have finally fixed the mcc issue on debit cards.

 

[sousnake]

Finally points were credited today. As expected, No points for excluded categories. They have finally fixed the mcc issue on debit cards.

Which debit card points? is it priority one?

 

[Harry1]

Which debit card points? is it priority one?

Burgundy . .

 

[purush]

Burgundy . .

How u r getting points now as most are excluded now

 

[hello11]

Are credit card payments through Payzapp / Cred excluded now? I haven't got any points for them.

I thought they were allowed upto 2000 points

 

[chasni]

Are credit card payments through Payzapp / Cred excluded now? I haven't got any points for them.

I thought they were allowed upto 2000 points

Check the exclusion Tnc.

 

[hello11]

Check the exclusion Tnc.

It wasn't explicitly mentioned. Maybe it falls under utility?

 

[Wealth is my birth right!]

Hi guys didn’t got OGS of June yet
Any way to manually generate

 

[Harry1]

Are credit card payments through Payzapp / Cred excluded now? I haven't got any points for them.

I thought they were allowed upto 2000 points

No, 2000 limit is for non exclusions.

Any site with non excluded mcc for credit card payments?

 

[SteelSh0t]

Hi guys didn’t got OGS of June yet
Any way to manually generate

what is the use of OGS?

 

[Wealth is my birth right!]

what is the use of OGS?

Family members put together we can know balance including demat
No need to check them individually

 

[drsel]

I was just about to apply for an Axis Vistara Infinite. After reading about the difficulties in getting any voucher ticket booking I'm rethinking if it is worth it to spend 10000+GST on a card whose vouchers may not get used practically.

Did you apply for this and is it worth Rupees 11800?

 

[vikramsrit]

Did you apply for this and is it worth Rupees 11800?

I cancelled it earlier this month. IMHO, it is the absolute worst credit card unless you very frequently fly Vistara and plan your trips months in advance. I travel a fair bit, and most of my travels are planned about a month in advance, but in the last 1 whole year, I was never able to find a business class reward seat or upgrade seats. Only saving grace was the gold membership of Vistara, which also has been devalued from year 2.

 

[drsel]

Finally points were credited today. As expected, No points for excluded categories. They have finally fixed the mcc issue on debit cards.

On which app did you get the points for burgundy debit card?
I did not get any points on Cheq app

 

[drsel]

I cancelled it earlier this month. IMHO, it is the absolute worst credit card unless you very frequently fly Vistara and plan your trips months in advance. I travel a fair bit, and most of my travels are planned about a month in advance, but in the last 1 whole year, I was never able to find a business class reward seat or upgrade seats. Only saving grace was the gold membership of Vistara, which also has been devalued from year 2.

Thanks you saved my 11800.
Very odd that the others in the forum were recommending Vistara infinite

 

[Harry1]

On which app did you get the points for burgundy debit card?
I did not get any points on Cheq app

I didn't say about credit card payments at all. These were bms transactions. I think this card doesn't give points on any app for credit card payments.

 

[Thomas244]

I also am about to close card. No award seats huge headache to book. As of now vistara merging plus gold also not there from year 2

 

[drsel]

I also am about to close card. No award seats huge headache to book. As of now vistara merging plus gold also not there from year 2

Don't forget that your Vistara points which were worth 75 to 90 Paisa will now become Air India points at 1:1 ratio and Air India points are worth 50 Paisa for domestic and 30 paisa for international flights

 

[chasni]

One query for Magnus Burgundy users.

Last month in June around middle of the month, 2 lac limit for Group A got reset either by glitch or design. Is the reset limit still there after Jul 15 upgrade or this has been fixed? I will really appreciate the inputs here.

 

[drsel]

One query for Magnus Burgundy users.

Last month in June around middle of the month, 2 lac limit for Group A got reset either by glitch or design. Is the reset limit still there after Jul 15 upgrade or this has been fixed? I will really appreciate the inputs here.

It's normal, just like before.
It was not reset for me