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

 

[twistedtarp]

No change should be made.koi doosre card ki bajalo

Average magnus enjoyer:

 

[Sharjeelshaikh]

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

Mass boycott karke dekho ....4:5 karege axis .magnus is their bread and butter .we must collectively squeeze it

 

[Chaitanya-a]

Mass boycott karke dekho ....4:5 karege axis .magnus is their bread and butter .we must collectively squeeze it

Bhai Credit card business bank me bohot small portion contribute karta hai.

Usme bhi mass boycott krne k liye TF junta or twitter junta Magnus ke total customers se km hi honge.

Magnus unka bread n butter hai ye sochna bilkul galat hai. Ulta Magnus kuch abusers ke liye bread n butter hogya tha

 

[Walter White]

Bhai Credit card business bank me bohot small portion contribute karta hai.

Usme bhi mass boycott krne k liye TF junta or twitter junta Magnus ke total customers se km hi honge.

Magnus unka bread n butter hai ye sochna bilkul galat hai. Ulta Magnus kuch abusers ke liye bread n butter hogya tha

Kuch time baad Rupay bhi sab band kar rha hoga jab unhe @Abhishek012 ki asliyat pata lagegi 🤣

 

[Sharjeelshaikh]

Mass boycott karke dekho ....4:5 karege axis .magnus is their bread and butter .we must collectively squeeze it

I spoke with axis guy impact hua hai . isiliye rukha hai deval

 

[Himanshu Rathi]

Called Axis Burgundy Customer Care at 16:50 Today,

Me: What is the status of Magnus Card Devaluation?

CC Executive: The ratio of 5:4 continues for Magnus.

Me: How did you Devalue the 50K Reserve Card then?

CC Executive: As of now there is a change only in the cashback percentage of Flipkart Axis Bank CC. No changes in Reserve, Select, My Zone, and any other cards.

 

[Walter White]

Called Axis Burgundy Customer Care at 16:50 Today,

Me: What is the status of Magnus Card Devaluation?

CC Executive: The ratio of 5:4 continues for Magnus.

Me: How did you Devalue the 50K Reserve Card then?

CC Executive: As of now there is a change only in the cashback percentage of Flipkart Axis Bank CC. No changes in Reserve, Select, My Zone, and any other cards.

Aug 13 tak toh waise bhi 5:4 hai hi.

 

[V G]

Aug 13 tak toh waise bhi 5:4 hai hi.

Lekin mera milestone toh uske baad aayenge.

 

[S.S.]

Aug 13 tak toh waise bhi 5:4 hai hi.

Ya now they are saying all changes are on hold. But when I asked how much time we will get before you PPL announce a sudden devaluation, he was non committal

 

[Sharjeelshaikh]

What a frakkin day to receive my Reserve card....what to do now.

Chatti peeto hai hai karo mircha nikalo

 

[bravothemaverick]

Isnt Accor a good choice? Even apart from being a good hotel option to park ERs. It also can be used to transfer those points at later point of time to few of the airlines at the same ratio as Axis would. Kicking the can down the road - to give a year decide where to transfer miles eventually - to which airline partner. Am i missing something?

 

[Sharjeelshaikh]

Yeh milestone ka 90 days window calendar month se chalta hai ya when unhitbthe milestone..eg I hit the milestone on 15 of April so will I get milestone end July or 15 july

 

[D7162]

Yeh milestone ka 90 days window calendar month se chalta hai ya when unhitbthe milestone..eg I hit the milestone on 15 of April so will I get milestone end July or 15 july

Calander month pe.. aur sabka ek sath hi ayega jaise salary aati hai 🤣

Aur yaha forum par se hi pata chal jayega 😛

 

[typhoon]

If anyone want to encash their points they can message me, i can help. 😅

 

[live_and_let_live]

If anyone want to encash their points they can message me, i can help. 😅

encash how ?

 

[ADITYA1904]

So right now government transactions including income tax payment valid for normal and milestones rewards points calculation right?

 

[yolosingh]

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.

I'm new to the miles game. So no existing points to club with. Also, Singapore airlines seems too expensive. Like 2x of normal rates. It'd be a very bad return on points I feel.

Thanks for mentioning about the Turkish airlines. That's a bit risky 😅 Will checkout united

Is there any miles program where one can simply park points. And later move to any favourable program? I checked Accor but it converts to most miles 2:1. So it's a direct loss

 

[yolosingh]

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.

Yeah considering Vistara as an option. Although it's a bit expensive compared to Turkish.

Although, not very interested in domestic flights, since they're always more expensive in miles compared to LCC. Or are there instances where domestic flights are cheaper in miles?

 

[yolosingh]

Yeah their tax seems quite high. But 3 years miles expiry seems okay to me

Also, are you sharing based on your experience?

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.

 

[rogerthat]

Can anyone tell what are cons of transferring ER points to Miles on Qatar Airways?