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

 

[Sharjeelshaikh]

Abhi usko sunake aaya hu you tube pe.i asked him to stop making shitty videos .he got upset

Pehle.toh yeh 3 din baad jaagta hai news ke

 

[plastikman]

Swiggy Money ka GV bhej dena, baaki m dekhuga kya order karna hai

Hopefully, Axis mere Kiwi ko devalue na kare. Nahi toh, -ve value ho jayega aur upar se paise dene padenge

 

[VISHESH_BANSAL]

Vo discounted wale kaha milenge ab?

Dhundhne se toh Bhagwaan bhi mil jaate hai, Swiggy GV at discounted price bhi mil jaayega thoda hath pao chlao

 

[Walter White]

Dhundhne se toh Bhagwaan bhi mil jaate hai, Swiggy GV at discounted price bhi mil jaayega thoda hath pap chlao

Mil jaaye toh theek hai nhi toh 5% Amex Gold pe mil hi jaata hai.

 

[ankurarora898]

inka last quarter ka loss dekh ke main toh savings account balance bhi hdfc mein transfer marne ki soch raha

 

[Venky]

Itni duvidha ho gayi hai. No Stan chart or Amex in my city. Infinia is out of the question unless I shift FD’s which doesn’t makes much sense. Na SC Ultimate milega, na MRCC, na Gold/Plat Charge. Kaha shift kare koi suggest kardo.

 

[Dexter]

Axis Myzone ko cancel karane se pehle Swiggy se ek pizza @VISHESH_BANSAL ko bhejunga. Swiggy expert should perform the last rites of this card.

bhai mai mahine me 8 baar axis40 use karta tha! ab to myzone bech ke jhalmurhi bhi nahi milegi

 

[Walter White]

Itni duvidha ho gayi hai. No Stan chart or Amex in my city. Infinia is out of the question unless I shift FD’s which doesn’t makes much sense. Na SC Ultimate milega, na MRCC, na Gold/Plat Charge. Kaha shift kare koi suggest kardo.

SC bilkul mat jaana

 

[phagocyte536]

Itni duvidha ho gayi hai. No Stan chart or Amex in my city. Infinia is out of the question unless I shift FD’s which doesn’t makes much sense. Na SC Ultimate milega, na MRCC, na Gold/Plat Charge. Kaha shift kare koi suggest kardo.

SBI Cashback for online,Neu cards for UPI and other offline spends.

Also DCB if you're alumni

 

[vgarg]

Itni duvidha ho gayi hai. No Stan chart or Amex in my city. Infinia is out of the question unless I shift FD’s which doesn’t makes much sense. Na SC Ultimate milega, na MRCC, na Gold/Plat Charge. Kaha shift kare koi suggest kardo.

Wait for what they do to atlas nhi toh Hdfc se jo card mile

 

[Dexter]

SBI Cashback for online,Neu cards for UPI and other offline spends.

Also DCB if you're alumni

DCB is not bad. Normal 3.3% and for gift cards ~10%.

 

[Venky]

SC bilkul mat jaana

I did read your post today and was truly amazed about the sheer mismanagement. But anyway SC wont come to my city anytime soon. Cause they were here before and had to shut shop.

SBI Cashback for online,Neu cards for UPI and other offline spends.

Also DCB if you're alumni

thank you for the suggestions

Not an Alumni from any of those institutions.

 

[phagocyte536]

DCB is not bad. Normal 3.3% and for gift cards ~10%.

Yes. DCB + Sbi cashback + Tata Neu cards seems like a reasonable combination in this dry season.

 

[Sharjeelshaikh]

Ek aur devaluation hua hai dosto

 

[kkk]

Apart from pdf from link, whether any reserve holder received any official mail/sms ??

Haven't received anything yet. But I guess it's genuine

 

[ᏰᏋᎥᏁᎶᎥᏁፈᎧᎶ]

Ek aur devaluation hua hai dosto

roflolmao.

 

[phagocyte536]

Haven't received anything yet. But I guess it's genuine

File is uploaded in axis domain.. genuine 100%. But they can still do a U turn (hopeful me)

I have FK and MyZone. Got message only for FK . Did anyone get message for myzone?

 

[Sharjeelshaikh]

Ek aur devaluation hua hai dosto

I once bumped into him at a bar in bandra and asked for two drinks I thought he's a waiter .my friend told me he's siddhart Roy Kapur brother.

 

[Sharjeelshaikh]

I once bumped into him at a bar in bandra and asked for two drinks I thought he's a waiter .my friend told me he's siddhart Roy Kapur brother.

He was sweet enough did not feel offended.pretty grounded.but ananya is actually axis reserve here

 

[thedator]

Amazing that Reserve got the axe and Magnus got spared.