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

 

[navam]

the value you get on spending the point is fixed

That's a key statement and is not true and again subject to interpretation. I would not have stayed in an accor hotel, if I didn't had accor points. I remember one of the hotel stay in Switzerland was for 24K accor points, that was the only hotel in that city. And the cheapest (not literally, but One I can choose to stay at) from revenue booking in same city was around 12K only. So, from my perspective the true value I got here is 0.5 per Accor points.

So, in ur case, u won't find cards like sbi cb, bob eterna, yes reserv etc useful, but in my case, they are better when spends are below 1.5L spends. And that's why our founder always says that there is not a single best card and everyone should choose card based on his own requirements😉.

Same for my Thailand trip last year, it wasn't like other hotels around were very cheap or something at max if I compare total trip difference would have been 3-4k rs.

Frankly, i think people are over-optimizing everything here, points hain use karo, infact I recommend getting better rooms with points, had sea view rooms in Thailand (Phuket & krabi) wah early morning chai , evening mein alcohol with ocean waves is bliss man ... I probably would not have paid for this room with cash ... Toh I say Points hain toh enjoy karo who knows when devaluations make them useless toh what's the point of saving them.

 

[CVR]

I'm feeling betrayed now, got MB few days back and I'm brain dead now. My regular spends were on Gyftr Edgerewards i.e Swiggy, Zomato, Amazon and a couple more.

Not sure how I should make my regular spends now.

Ya gyftr is now useless with Axis cards. Try getting Amex Gold Charge (or Plat travel if Gyftr requirements are high) or HDFC DCB (if Infinia is difficult).

 

[PainX]

Ya gyftr is now useless with Axis cards. Try getting Amex Gold Charge (or Plat travel if Gyftr requirements are high) or HDFC DCB (if Infinia is difficult).

Wasn't it good with Magnus for Burgundy? 3x points and then 5:4? I was mainly into it because of partner miles.

 

[Harry1]

Ya gyftr is now useless with Axis cards. Try getting Amex Gold Charge (or Plat travel if Gyftr requirements are high) or HDFC DCB (if Infinia is difficult).

Technically there is still way to get about similar return using privilege/select cards along with MB.

Purchase from Amazon via Amazon grab deals for 2% cashback upto 1000. Select gets 20/200 and privilege gets 10/100 with additional 10K points on 2.5L spends. So, it is roughly same at least for amazon vouchers (assuming 5:4 for all points continuous for another 1-2 years).

 

[PainX]

Technically there is still way to get about similar return using privilege/select cards along with MB.

Purchase from Amazon via Amazon grab deals for 2% cashback upto 1000. Select gets 20/200 and privilege gets 10/100 with additional 10K points on 2.5L spends. So, it is roughly same at least for amazon vouchers (assuming 5:4 for all points continuous for another 1-2 years).

I was in the impression that select is 10/200 for regular purchases. I don't see how it's 20/200.
Can the same be achieved using MB?

 

[Harry1]

I was in the impression that select is 10/200 for regular purchases. I don't see how it's 20/200.
Can the same be achieved using MB?

Selected mcc are 20/200.

 

[CVR]

Wasn't it good with Magnus for Burgundy? 3x points and then 5:4? I was mainly into it because of partner miles.

Ya it was good. I am just giving alternatives now with the change.

 

[darkjediknight]

Technically there is still way to get about similar return using privilege/select cards along with MB.

Purchase from Amazon via Amazon grab deals for 2% cashback upto 1000. Select gets 20/200 and privilege gets 10/100 with additional 10K points on 2.5L spends. So, it is roughly same at least for amazon vouchers (assuming 5:4 for all points continuous for another 1-2 years).

Does Amazon shopping with Select count as retail spend?

 

[Harry1]

Does Amazon shopping with Select count as retail spend?

There are multiple mcc. So, can't guarantee. But most of the time 5699 and 5399 comes, only 5699 gives 20/200. Search in forum about other mcc too and how to identify them.

 

[harishracha]

I think they have a software in place which automatically blocks miles redemption of Atlas cards doing more than 5 x 10% transactions in a particular statement month.
Because they feel that 5 air ticket/hotel bookings in a particular statement month would be sufficient for a non travel agent.
And then to unblock it is a big headache

so doing 4 booking is ok no matter the cost?? i have done two this month costing 120k but i need to do 4 more what if i do 1 more on 10% site costing 100k n do rest on mmt or something else, will i risk ban?? only this one week i have plan to do spend on flight booking after this i have no plans for many months

 

[drsel]

so doing 4 booking is ok no matter the cost?? i have done two this month costing 120k but i need to do 4 more what if i do 1 more on 10% site costing 100k n do rest on mmt or something else, will i risk ban?? only this one week i have plan to do spend on flight booking after this i have no plans for many months

4 Hotel and flight bookings using Atlas card (to get 10% return) in a statement month should be okay.
Do a 5th booking and you are on the edge.
but they will not block your card, only the conversion/ redemption of miles

 

[harishracha]

4 Hotel and flight bookings using Atlas card (to get 10% return) in a statement month should be okay.
Do a 5th booking and you are on the edge.
but they will not block your card, only the conversion/ redemption of miles

so bro i should get 2 lac spend by spending on airline website (33k 94k 78k)

rest flights and hotels if i do from mmt or yatra and cross that 5th booking then i’ll be ok correct? hotel i don’t want 10%, just this one month i will be using the 10% from atlas, i want to use points for accor hotel while in japan

do u think i will be fine?? bec all flights to qatar will most likely be on the same day and plane or one day difference

 

[drsel]

so bro i should get 2 lac spend by spending on airline website (33k 94k 78k)

rest flights and hotels if i do from mmt or yatra and cross that 5th booking then i’ll be ok correct? hotel i don’t want 10%, just this one month i will be using the 10% from atlas, i want to use points for accor hotel while in japan

do u think i will be fine?? bec all flights to qatar will most likely be on the same day and plane or one day difference

Yes, use Atlas for 2 lacs on direct airline website. (10% return)
Don't book on online travel agents (only 4% return).

just book direct airlines and direct hotels with Atlas card for 10% return, and hope for the best.
mostly nothing will happen

 

[harishracha]

Yes, use Atlas for 2 lacs on direct airline website. (10% return)
Don't book on online travel agents (only 4% return).

just book direct airlines and direct hotels with Atlas card for 10% return, and hope for the best.
mostly nothing will happen

i am telling i crossed the 2L limit per month in 3 txn only if i book from airline website also i will get 4% only right so to be safe can i book from ota website??

 

[harishracha]

Yes, use Atlas for 2 lacs on direct airline website. (10% return)
Don't book on online travel agents (only 4% return).

just book direct airlines and direct hotels with Atlas card for 10% return, and hope for the best.
mostly nothing will happen

helllo bro i spent 3.2L on atlas but my limit is 2.56L only

in the milestone section the spends are stuck on 2.5L only and I am not getting edge miles for txn done over 2.5L. i paid my outstanding amount before bill generation using upi id. is there cap on edge miles based on total card limit??

 

[drsel]

helllo bro i spent 3.2L on atlas but my limit is 2.56L only

in the milestone section the spends are stuck on 2.5L only and I am not getting edge miles for txn done over 2.5L. i paid my outstanding amount before bill generation using upi id. is there cap on edge miles based on total card limit??

Pay soon after bill generation, not before.
there is no cap on miles based on card limit

 

[harishracha]

Pay soon after bill generation, not before.
there is no cap on miles based on card limit

i am paying before bill generation as I need to spend more money than the limit i have

but why is the spent stuck on 2.5L then bro? i have spent about 3.2L amount and it has already settled already but that miles and spent counter is not going up

 

[harishracha]

Pay soon after bill generation, not before.
there is no cap on miles based on card limit

like this bro

 

[drsel]

View attachment 70530

like this bro

View attachment 70531

Wait for the bill generation, if you still dont get the miles credited, then raise a complaint by email to premium services

 

[Ramakgmc]

What about the recent devaluations for M4B?
Which is the worst among the proposed ones?