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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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Last edited:
Word spreads really fast and now there are too many John Wicks out there .. 🤣
I was done within 10 minutes of @chasni 's message .. A big thanks for him, else I would have felt that I'm using the traveledge site at 64Kbps after exhausting all high speed data 😆🤣
I posted after I was done to avoid any competition. LOL
Even for me it took like 3 mins.
 
Can you please share me the number you called? 😀 Did you take your RMs help?
Nothing sir, I did raise an email to my RM and he raised to backend few weeks back but I don't think he actually did anything in reality, because he never called me back or ever replied to my emails. Though just a day before getting the upgrade I did randomly got call from my branch manager but it was a general checkup, nothing serious.

Sirji..you were among the 2-3 exception cases..Most of us had to go for TRV
There are few other folks who got it on AQB and who opened account around 7-10 Oct as well.
 
Nothing sir, I did raise an email to my RM and he raised to backend but I don't think he actually did anything in reality, because he never called me back or ever replied to my emails. Though just a day before getting the upgrade I did randomly got call from my branch manager but it was a general checkup, nothing serious.


There are few other folks who got it on AQB and who opened account around 7-10 Oct as well.
thats why I mentioned 2-3 🤣 🤣 🤣
 
Nothing sir, I did raise an email to my RM and he raised to backend few weeks back but I don't think he actually did anything in reality, because he never called me back or ever replied to my emails. Though just a day before getting the upgrade I did randomly got call from my branch manager but it was a general checkup, nothing serious.


There are few other folks who got it on AQB and who opened account around 7-10 Oct as well.
Noo I opened on Sep 23rd and maintaining 15L 🙁
 
Now I believe I cannot sleep 😀 Will pull my RM tomorrow!
Sir RM is not sufficient. Write an email to Amitabh, PNO and Premium copying RBI and judiciously call 2 times a day and ask them to connect to escalation desk.
If Viiper is fine you can DM him and take his mobile number and mention account registered with this Mobile got upgraded why not me
 
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