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

 

[Deleted member 9785]

Song playing amongst axis card employees and customers these days

 

[Walter White]

Song playing amongst axis card employees and customers these days

1 2 ka 4, 5:4 ka 1 😜

 

[R!ppEr]

i see a lot of people have completely lost their marbles since the weekend 🤣

 

[Dr-green69]

Just had a word with Amitabh Chaudhary. He confirmed the card is being devalued. But, as a special gesture of goodwill, he is offering a 🇷🇺 to everyone who helped find loopholes in the card and helped them to make this decision of devaluing this card and reduce their losses. He also told me one will get a 🇷🇺 only if one personally takes responsibility for devaluation on Twitter. 😜

 

[jack333]

Ab Magnus ki kya zaroorat. Ab toh apna private jet leke jayenge. Thank you Mrs. Johnson. 😘😂

@VISHESH_BANSAL @Chaitanya-a @jack333

View attachment 22253

I think Mrs Johnson don't want to release your 10 million funds but your 10 million s****s so that you can also thank her for her time 🤣

 

[Wealth is my birth right!]

i see a lot of people have completely lost their marbles since the weekend 🤣

Exactly
Saturday evening when vimal sent WhatsApp I was at mall busily spending on Magnus card for monthly reach of 1l after doing calculations but lol my weekend end after that pdf in wup
Not only marbles m&s innerwears too went on air after this shock 😂😜

 

[Consultant]

Is the lost card & replacement 50k points still possible for reserve?

 

[VijayflyRaven]

Because of Magnus, all family payments came to me and my expense went up from 30k to 1 lakh per month.

Now I am relieved that I don’t need to calculate milestones and ask family to use Amazon / BB / Swiggy vouchers. With utility gone, it would be very hard for me to reach 1 lakh every alternate month. Electricity bill is alternate month and is around 40k. Amazon does not allow this on GC. My 15k per month fuel was on Fastag / HP pay and that won’t work from now if utility and government is removed.

 

[Hisoka]

I also have Infinia, and I am going to keep Magnus along with Axis Vistara infinite 😉

Bas itni ameeri chahiye zindagi me

 

[jack333]

Exactly
Saturday evening when vimal sent WhatsApp I was at mall busily spending on Magnus card for monthly reach of 1l after doing calculations but lol my weekend end after that pdf in wup
Not only marbles m&s innerwears too went on air after this shock 😂😜

Bhai ab wapis rupa me ane ka time aa gaya m&s se 🤣

 

[VijayflyRaven]

From Raffles to OYO / Treebo in just a week. 😂

 

[neogen]

Bas itni ameeri chahiye zindagi me

Infinia LTF
Magnus ko free karana hai
Vistara Infinite pay for itslef

 

[Wealth is my birth right!]

From Raffles to OYO / Treebo in just a week. 😂

Life lesson in a line👍

 

[Walter White]

From Raffles to OYO / Treebo in just a week. 😂

From ITC Grand Bharat to ITC Gold Flake 😜

 

[Sharjeelshaikh]

Has anyone. Noticed no 5 x credit for this month PPL will transferthats why

 

[Slayer]

From ITC Grand Bharat to ITC Gold Flake 😜

Are isse yaad aya woh old school memes

If you don't smoke ciggy where is your rari

 

[CARDBITRAGE]

i see a lot of people have completely lost their marbles since the weekend 🤣

Has been a super entertaining weekend though. 🤣

 

[neogen]

Has been a super entertaining weekend though. 🤣

Indeed.. witnessed emotions oozing out on all directions from everywhere 🤪

 

[Walter White]

Has been a super entertaining weekend though. 🤣

Twitter pe kuch logo ka business bhi band ho gya Magnus ke devaluation se 😜

 

[neogen]

Twitter pe kuch logo ka business bhi band ho gya Magnus ke devaluation se 😜

What if this pdf turns out to be fake.. just asking..🤔