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Axis Magnus Magnus, Reserve & Other Axis Bank Credit Cards | Devaluation w.e.f. 1st Sep 2023.

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-- 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


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


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

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

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
 

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CVR said:
in how many days after transaction do we receive points for samsung infinite?
Click to expand...
Official terms is 60 days. But usually it is credited based on statement cycle. Let's say if 15th is statement date, all transactions of 15 June to 15 July will be posted together by 7th of August.

But this time, due to all the issues, they didn't credit. Yesterday, I got one credit, but it is only for missing points related to June statement. July statement points are still not received.
 
Upvote 0 Downvote
Anyone got grab deals cashback for May month?

I missed out on cashback for April as well. After raising complaint, they told it will credit by August end. Now I did get one credit last week. But now I don't know if it is for April or May😅. And whether I should continue the existing April case it start a new one for May😔.
 
Upvote 0 Downvote
Harry1 said:
Anyone got grab deals cashback for May month?

I missed out on cashback for April as well. After raising complaint, they told it will credit by August end. Now I did get one credit last week. But now I don't know if it is for April or May😅. And whether I should continue the existing April case it start a new one for May😔.
Click to expand...
For May June July I have not received 4x points on Grabdeals.
5% cashback is even more unlikely
 
Upvote 0 Downvote
Harry1 said:
Anyone got grab deals cashback for May month?

I missed out on cashback for April as well. After raising complaint, they told it will credit by August end. Now I did get one credit last week. But now I don't know if it is for April or May😅. And whether I should continue the existing April case it start a new one for May😔.
Click to expand...
I didn't get for march and april even,after email and writing down transactions got the bonus points but credited labelled as 'grab deals may'.Now need to struggle for may points.
 
Upvote 0 Downvote
I
Harry1 said:
Anyone got grab deals cashback for May month?

I missed out on cashback for April as well. After raising complaint, they told it will credit by August end. Now I did get one credit last week. But now I don't know if it is for April or May😅. And whether I should continue the existing April case it start a new one for May😔.
Click to expand...
It's April Cashback you got after 120 days
 
Upvote 0 Downvote
Harry1 said:
Anyone got grab deals cashback for May month?

I missed out on cashback for April as well. After raising complaint, they told it will credit by August end. Now I did get one credit last week. But now I don't know if it is for April or May😅. And whether I should continue the existing April case it start a new one for May😔.
Click to expand...
Yes got for may on Saturday
 
Upvote 0 Downvote
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