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Axis Magnus Magnus, Reserve & Other Axis Bank Credit Cards | Devaluation w.e.f. 1st Sep 2023.

bugmenot

TF Legend
-- 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



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



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


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


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
 

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Sad 🙁 Though till yesterday I already lost all hope in M4B and got my ways to have hands on Infinia FYF, so I will be having that soon within next 2 weeks. I won't be continuing with M4B for long too, will just transfer points and shift soon most likely since the interest I am losing on those 10L savings at the moment is more than the fees or the cashback I will be able to fetch through this.
Some one from Axis read your message that your Infinia is on the way.So they immediately added you for M4B 🤣 🤣 🤣 🤣 🤣
 
Yeah but customer care guy explicitly told me if the card is not generated by 23rd, close one of your cards.
I don't want to close either VI or Atlas. I need all of them 🥲
Trust me, he didn't filled it properly. I faced this same issue with my Atlas few days back when the 1st representative didn't created the card properly, so after 30mins I called again and this time it was generated, the representative wasn't having full knowledge, customer-care has to do some operations after you give your consent to get the card showing & generated. Call again and give your consent to a different executive, he will get it done.

Just call again, ask him to do M4B upgrade just like you are calling for first time and let that 2nd executive do the steps, he will get it done.
 
Trust me, he didn't filled it properly. I faced this same issue with my Atlas few days back when the 1st representative didn't created the card properly, so after 30mins I called again and this time it was generated, the representative wasn't having full knowledge, customer-care has to do some operations after you give your consent to get the card showing & generated. Call again and give your consent to a different executive, he will get it done.

Just call again, ask him to do M4B upgrade just like you are calling for first time and let that 2nd executive do the steps, he will get it done.
Just did that. Now it shows. Thanks!
 
I intentionally delayed my Atlas application. Now that M4B is done I will apply for Atlas. Is applying via RM or applying online is better
I did it via airport agent.

Some hiccups but eventually got it.

Did it C2C via Infinia.

I wonder if there is a cooling period after the M4B upgrade?
 
2 Years back i was left with only one mastercard. Now all my cards have become Mastercard. I desperately need one of them to be Visa. Both Infinia and M4B are master . Earlier Magnus was Visa
 
2 Years back i was left with only one mastercard. Now all my cards have become Mastercard. I desperately need one of them to be Visa. Both Infinia and M4B are master . Earlier Magnus was Visa
Infinia is offered in Visa Infinite as well right? I am hoping that I get the Visa one only
 
Got my salary account upgraded to Burgundy an hour back . The salary was being credited from Nov'22 but it got upgraded just now . Is there a chance to upgrade my Magnus to LTF Burgundy Magnus ?
If salary is more than 3L per month it will be processed immediately. But you need at least one OGS. Any way send email to premium experience email id and find out
 
2 Years back i was left with only one mastercard. Now all my cards have become Mastercard. I desperately need one of them to be Visa. Both Infinia and M4B are master . Earlier Magnus was Visa
Same here. That's why I am retaining Vistara infinite for Visa infinite platform.
Also VI is a no nonsense super premium card. Straight forward
 
There is a slightly false info in this post where he claims that only people with TRV 30lakhs at individual level will be able to get magnus burgundy card, in the comments & twitter you can find people getting email & successfully upgrading their card with salary credit of 3lakhs, who keeps balance in the amount of hundreds only(yes there is some reports where some companies salary credit is being denied for upgrade) but also for people who are maintaing AQB of 10lakhs at individual level got it.
Axis just gave a example for family banking on the basis of TRV, but if the user is outside family banking and has 10lakhs in savings account, then he will be eligible on individual level only (ofc either he should hold magnus or should have credit eligibility to get new magnus).
This aged well, almost 80 pages back me, @K.R, @mastfun & @srihari1977 discussing all the information & taking all the assumptions in our minds, never knew we will be able to make it and yet here we are today finally lmfao 🤣 🤣
 
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