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

 

[Quiksilver27]

Reserve ko to goli mar di, ab magnus ka sar tan se juda karne ka waqt aa gaya hai. Uske baad axis underground ho jayega.

Gangs of Axispur.. Shot everyone in the room and then escaped! Only eye witness was Axis FK who was shot once came back to life then was shot again

 

[VISHESH_BANSAL]

Gangs of Axispur.. Shot everyone in the room and then escaped! Only eye witness was Axis FK who was shot once came back to life then was shot again

Found it on Twitter

 

[Chaitanya-a]

Found it on Twitter

And at last all guns pointed towards cardholders

 

[bigbrain]

I just got magnus in April. Have hit all 3 months milestone - April, May and June. But I guess I'll only receive the April one before the deval.

So I'll have roughly 60k points. I don't find it much valuable to receive hotel stays for points, since it reduces my choice and hotels are subjective (very cheap to very expensive). I think flights make more sense, given economy flights are more commoditised.

Given this, which program would be the best to withdraw my points to? No travel plans yet, ideally wanted to use these points for flight tickets for Europe. From what I could research, turkish airlines seemed like the cheapest for flights. But would it be a good choice to withdraw to turkish miles without a solid travel plan?

Would really appreciate any suggestions/help

Based on what I heard/read, Turkish airlines does not offer a good service. Many flights get over booked and they cancel tickets without warning. I would aviod Turkish airlines. But since Turkish airlines is part of Star alliance, you maybe able to use the same miles to book other airlines.

If it was me, I would transfer to Singapore airlines if I plan to travel to East and to United airlines if I plan to travel west.
If not decided, I would transfer to Marriott and club it with my exisiting memebership points.

Accor is another option. You can later transfer to other airmiles if needed. I have not explored this option yet.

 

[VijayflyRaven]

Keep it irrespective. It has the same base reward rate as Axis Reserve now.
On a serious note, here's the link

Misery loves company

 

[sid16]

I just got magnus in April. Have hit all 3 months milestone - April, May and June. But I guess I'll only receive the April one before the deval.

So I'll have roughly 60k points. I don't find it much valuable to receive hotel stays for points, since it reduces my choice and hotels are subjective (very cheap to very expensive). I think flights make more sense, given economy flights are more commoditised.

Given this, which program would be the best to withdraw my points to? No travel plans yet, ideally wanted to use these points for flight tickets for Europe. From what I could research, turkish airlines seemed like the cheapest for flights. But would it be a good choice to withdraw to turkish miles without a solid travel plan?

Would really appreciate any suggestions/help

For flights, Club Vistara could be a good choice, it will give you domestic as well as international flight options.

Accor is the best option for hotels because of the variety of hotels they have across all the prices ranges.

 

[Venky]

Based on what I heard/read, Turkish airlines does not offer a good service. Many flights get over booked and they cancel tickets without warning. I would aviod Turkish airlines. But since Turkish

Anything further on this? Anybody else faced such issues?

 

[MartianManhunter]

Now do we continue our spends on Magnus or shift back to the old lover, Infinia?

 

[rogerthat]

Anything further on this? Anybody else faced such issues?

Haven't experienced it myself but I have heard stories of horrible service including overbooking, missed connections, delayed/lost luggage, etc.

 

[vaibhav111vaibhav111 is verified member.]

Now do we continue our spends on Magnus or shift back to the old lover, Infinia?

if you can wait for few days if not spend and do add magnus in your prayer so that everyone get their edge reward with 5:4 transfer Ratio.

 

[Ninad97]

Have an Axis FK card. Received no SMS or email yet. What do I conclude?

check it in spam/promotions page if it isnt in inbox of gmail. mere isme promotion ke under aaya tha

 

[Walter White]

 

[PiperatGatesofDawn]

Anything further on this? Anybody else faced such issues?

TK is more than fine. Slightly high YQ... but fantastically low miles requirements. Good service, good food, good raki. Worst possible flight timing out of India. Average customer support.

They're no better or worse than other airlines with overbookings, connections, lost luggage etc. Plus you're generally well protected by EU261.

Problem with TK though is that they have a hard 3 year miles expiry.

 

[dj2006]

Ideally axis should do 5:2 for Magnus and 5:3 for reserver with 500000 ERs yearly limit. This would limit bleed and can be sustainable for them.

 

[Venky]

TK is more than fine. Slightly high YQ... but fantastically low miles requirements. Good service, good food, good raki. Worst possible flight timing out of India. Average customer support.

YQ? I’ve transferred my ER to Turkish only for my future travel plans.
But the flights are operated by AI and others. Considering this, overbooking/cancellation will be in the hands of Air India?

 

[purush]

Ideally axis should do 5:2 for Magnus and 5:3 for reserver with 500000 ERs yearly limit. This would limit bleed and can be sustainable for them.

But instead of this one, they put devaluation pdf in the Hurry for Reserve card. Strange move from them.

 

[PiperatGatesofDawn]

YQ? I’ve transferred my ER to Turkish only for my future travel plans.
But the flights are operated by AI and others. Considering this, overbooking/cancellation will be in the hands of Air India?

YQ = fuel charges. Basically most of the heavy cash component that you pay for with an award ticket.

Yes. Obviously. TK cannot overbook or cancel or lose pax luggage for an AI flight.

 

[rogerthat]

The problem with Turkish is that it makes sense only if you are from Delhi or Mumbai. Otherwise what would be a one-stop flight turns into a two (or more) stop flight with sometimes lengthy layovers... And that is something that you don't want to do.

 

[Sharjeelshaikh]

Ideally axis should do 5:2 for Magnus and 5:3 for reserver with 500000 ERs yearly limit. This would limit bleed and can be sustainable for them.

No change should be made.koi doosre card ki bajalo

 

[Chaitanya-a]

No change should be made.koi doosre card ki bajalo

Ye sb imagine karne me acha lgta hai. Reality kaafi alag h