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]

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 did not reset for me. Have exhausted group A

 

[SteelSh0t]

anyone got ERs for txns after 10th July?

 

[Rags]

anyone got ERs for txns after 10th July?

No not recieved

 

[sahilgulati5]

Not yet let’s hope we get it soon

 

[sharad131]

anyone got ERs for txns after 10th July?

Nope. Sad state of affairs continue at Axis.

 

[Saijakie]

Any update on the points after 10th July . I havent recieved points or miles .

 

[Wealth is my birth right!]

Any update on the points after 10th July . I havent recieved points or miles .

No its yet to be credited

 

[Harry1]

Did anyone got grab deals cashback for April month yet?

 

[Rags]

Any update on the points after 10th July . I havent recieved points or miles .

Expected by 11 August

 

[ash_13]

Di

By 14th August everyone will get the points and miles

Did anyone?

 

[drsel]

Di

Did anyone?

SMS said 15th August but not yet come

 

[sahilgulati5]

Yes for credit for me but I think it’s less have to manually check now

 

[chasni]

I think only AEP has been credited. Not normal points.

 

[naren89]

I think only AEP has been credited. Not normal points.

Yes, no normal points yet

 

[CVR]

I think only AEP has been credited. Not normal points.

Has it come in MB bucket?

 

[Harry1]

15th August I received the correct amount of accelerated edge points for the whole month of June,
after deducting 1.5 lacs, Giftedge, Grabdeals and Traveledge transactions

Accelerated edge points (11500 points per lac) are given on M + 2 basis on the 15th
So accelerated points of the whole month of July will come on 15 September

Can u share screenshot showing edge points and magnus burgundy balance?

And also can u share screenshot of traveledge transfer page, whether it is allowing to select between edge points and magnus burgundy or not?

 

[drsel]

Can u share screenshot showing edge points and magnus burgundy balance?

And also can u share screenshot of traveledge transfer page, whether it is allowing to select between edge points and magnus burgundy or not?

Can't take screenshots on the axis app

 

[drsel]

Can u share screenshot showing edge points and magnus burgundy balance?

And also can u share screenshot of traveledge transfer page, whether it is allowing to select between edge points and magnus burgundy or not?

So Magnus Burgundy points is showing as a subset of total edge points and the quota is 2 lacs for both combined, not separately.
I sent you the screenshot on personal message

 

[CVR]

So Magnus Burgundy points is showing as a subset of total edge points and the quota is 2 lacs for both combined, not separately.
I sent you the screenshot on personal message

Question is are the AEP points visible for transfer page in traveledge? Earlier since they were coming in ER bucket, it was not coming in transferrable points.

 

[CVR]

Yes, AEP are visible in the transfer page.
And all edge points are available for transfer
10000 edge points in the above example

What do you mean by all edge points? Earlier only MB bucket points were visible for transfer, not entire ER.