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

 

[rogerthat]

I will move my utility to tata Neu card which is 5%. Government spends can go to SC smart. Any payment that can be made using Amazon (like big basket, other gift cards, shopping, utility payments, insurance, etc on SBI cashback.
These two categories are excluded in Magnus if devaluation is true.

For me utilities are anyways paid on Amex Gold + MRCC using Amazon Pay GVs from Gyftr. For govt transactions same, SC Smart.

 

[Sandeepmbm]

Only purchase gift vouchers and achieve milestone from Magnus card . I think in this we received 10 to 15 % return

 

[Walter White]

So now it's the other way around? These people are hilarious

Pata nhi kya chal rha hai behind the scenes. Axis Bank ki management ko bipolar disorder ho gya hai.

 

[twistedtarp]

Pata nhi kya chal rha hai behind the scenes. Axis Bank ki management ko bipolar disorder ho gya hai.

Unka source of information bhi yahi forum hai

 

[PavanPavan is verified member.]

See guys nothing happend axis bank just became trend Happy magnus

 

[kiran.62502]

Today I called the Customer care and asked regarding the axis magnus devaluation she told me that as of now only axis flipkart is devalued... Every thing else is still same....

 

[kapoorsanyam]

Today I called Axis customer support and they said bhai chup chap so ja aur humey bhi sone de

 

[DarkShadow]

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.

The problem I have faced with Turkish's Miles&Smiles is lack of reward seats on partner airlines. Additionally, it is cumbersome to search for partner availability since there is no calendar view, neither weekly nor monthly. Availability on United does not appear when searching on the Turkish website.
How does one find availability on Turkish?

 

[Sharjeelshaikh]

Base Points credit hue re baba mere

 

[amit]

Axis Gyftr devalued - all brands by 2x to 3x

 

[Sharjeelshaikh]

Chindichori pe utra hai axis

 

[mojo_jojo123]

For me utilities are anyways paid on Amex Gold + MRCC using Amazon Pay GVs from Gyftr. For govt transactions same, SC Smart.

what is the best way to buy 1500x4 Amazon pay GV using MRCC

 

[Sharjeelshaikh]

Amazon 2x

 

[ADITYA1904]

Thi

Gyftr devalued - all brands by 2x to 3x

This is really hilarious like they will end the all things in this week…

 

[Sharjeelshaikh]

Aacha hua kal hi le lia apay 20k ka

 

[amit]

what is the best way to buy 1500x4 Amazon pay GV using MRCC

Amex gyftr

 

[ADITYA1904]

I am

Aacha hua kal hi le lia apay 20k ka

I am thinking to buy tomorrow…hahaha…what a luck…arre utha le re baba…arre mere ko nahi re…

 

[Sharjeelshaikh]

I am

I am thinking to buy tomorrow…hahaha…what a luck…arre utha le re baba…arre mere ko nahi re…

Instinct pe khela mai

 

[Sharjeelshaikh]

Croma bhi 2x lol

 

[Sharjeelshaikh]

Grabdeals pe croma 5x