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

 

[kkk]

If I am managing Axis, I would devalue Magnus to 5:2 and Reserve to 5:3. That would keep everyone happy. I will bet my money of this. Let’s see 😊

And if someone has reserve they can do 5:3 for other cards(Axis and other edge points cards) as well

 

[VISHESH_BANSAL]

Agar tum hi hue Amitabh Chaudhary toh yaha dande se maarenge tumhe log. South Bombay me tumhara ghar hai na. Wahi pahuch ke maarenge. 😛

White Cheer leaders ka prabhand walter bhai karge

 

[Cardmarvel]

And if someone has reserve they can do 5:3 for other cards(Axis and other edge points cards) as well

That’s ok. Those with Magnus could do 5:4 so far. I am playing a long term game with those who can get and keep Reserve 🤣

 

[Walter White]

That’s ok. Those with Magnus could do 5:4 so far. I am playing a long term game with those who can get and keep Reserve 🤣

Kya 5:4 ke peeche pade ho. Dam hai to 6:9 karo. 😜

 

[CMGCMG is verified member.]

If I am managing Axis, I would devalue Magnus to 5:2 and Reserve to 5:3. That would keep everyone happy. I will bet my money of this. Let’s see 😊

Let them bring LuxeEdge for Reserve 😀

 

[Abhishek012]

 

[Walter White]

Let them bring LuxeEdge for Reserve 😀

Also Amitabh Chaudhary: CEO tum ho ya main hun. Ek kaam karo tum sab hi meri naukri sambhal lo. Main chala Bangkok wife ke bina. Yeh kaam maine karna hi nhi. Forum pe log bolte hai ye kar lo, vo kar lo, yeh bhi daal dete. Baraat me aaye ho kya? Tumhe roz ki ek 🇷🇺 bhi dunga free me na tab bhi tum aur mangoge. Tum log kabhi khush nhi ho sakte.

 

[CMGCMG is verified member.]

Also Amitabh Chaudhary: CEO tum ho ya main hun. Ek kaam karo tum sab hi meri naukri sambhal lo. Main chala Bangkok wife ke bina. Yeh kaam maine karna hi nhi. Forum pe log bolte hai ye kar lo, vo kar lo, yeh bhi daal dete. Baraat me aaye ho kya? Tumhe roz ki ek 🇷🇺 bhi dunga free me na tab bhi tum aur mangoge. Tum log kabhi khush nhi ho sakte.

Lets create a group for Axis Bank 😌

 

[S.S.]

Magnus changes on hold

Kya type karun soch raha huun. Time lagega sochne mein. Placeholder.

 

[Walter White]

Kya type karun soch raha huun. Time lagega sochne mein. Placeholder.

Ispe movie banega ab. Pata nhi konsa scriptwriter hire kiya hai Axis Bank ne.

 

[VISHESH_BANSAL]

Manoj Muntashir Shukla 🤣
That is why Axis is revising the dialogues which are hurting the People

Ispe movie banega ab. Pata nhi konsa scriptwriter hire kiya hai Axis Bank ne.

 

[Walter White]

Manoj Muntashir Shukla 🤣

IPL se bhi zyada twist aa rakhe hai isme. IPL ke scriptwriters ko bhi peeche chor diye.

 

[Sharjeelshaikh]

Axis is likely conducting a survey in collusion with their RATS, and based on the suggestions shared here, they will probably implement something in the next round of devaluation. 🤣

Next round mei milestone hit karne pe Russian ka lapdance

 

[Sharjeelshaikh]

Saalo ne regular 5x bhi credit nahi kiye

 

[amit]

Hack Sys Bank

 

[S.S.]

Fake news, just spoke to burgundy support. They're saying it's getting implemented. There is no hold.

 

[Sharjeelshaikh]

Fake news, just spoke to burgundy support. They're saying it's getting implemented. There is no hold.

I'll cancel the card for 15 k wais bhi Bombay dxb return aata hai not a fool to chase points at shitty rates.idfc is launching a conbranded vistara card I'll shift there

 

[anirban.choudhuryanirban.choudhury is verified member.]

Agr mera Magnus LTF nh hota
toh Ab tak cancel krdeta
Nautanki chal rhi hai Axis bank me 😀

 

[Walter White]

Agr mera Magnus LTF nh hota
toh Ab tak cancel krdeta
Nautanki chal rhi hai Axis bank me 😀

Axis ne jitna apne cards pe hit liya hai usi ko compensate karne ke liye iske devaluation pe movie banayenge. All this is part of the script. Inke scriptwriter ka pata lagana padega. 🤣

 

[rohitb]

Magnus changes on hold

Abbas mastan ki script lag rahi hai. Ab next twist kya hoga . Axis 5:4 ke bajaye 4:5 kar raha hai ?