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

 

[drsel]

helllo bro i spent 3.2L on atlas but my limit is 2.56L only

in the milestone section the spends are stuck on 2.5L only and I am not getting edge miles for txn done over 2.5L. i paid my outstanding amount before bill generation using upi id. is there cap on edge miles based on total card limit??

Pay soon after bill generation, not before.
there is no cap on miles based on card limit

 

[harishracha]

Pay soon after bill generation, not before.
there is no cap on miles based on card limit

i am paying before bill generation as I need to spend more money than the limit i have

but why is the spent stuck on 2.5L then bro? i have spent about 3.2L amount and it has already settled already but that miles and spent counter is not going up

 

[harishracha]

Pay soon after bill generation, not before.
there is no cap on miles based on card limit

like this bro

 

[drsel]

View attachment 70530

like this bro

View attachment 70531

Wait for the bill generation, if you still dont get the miles credited, then raise a complaint by email to premium services

 

[Ramakgmc]

What about the recent devaluations for M4B?
Which is the worst among the proposed ones?

 

[Rishabh]

What about the recent devaluations for M4B?
Which is the worst among the proposed ones?

Fees on reward redemptions & points to miles transfer.

 

[drsel]

What about the recent devaluations for M4B?
Which is the worst among the proposed ones?

235 fee for converting edge points to partner points or miles, each and every time after 20 December

 

[sumit_yadav]

I have 1.65L edge points holding m4b. What is the best advice for someone who doesn't have any travel plans?

Accor?

 

[Dragon_slayer]

I have 1.65L edge points holding m4b. What is the best advice for someone who doesn't have any travel plans?

Accor?

Yes Acc or

 

[Riva]

Yes Acc or

What is the validity of Accor points post the transfer?

 

[sumit_yadav]

What is the validity of Accor points post the transfer?

I think it is 1 year after the last activity. If you keep on adding points, the validity will keep extending for another year.

 

[Riva]

I think it is 1 year after the last activity. If you keep on adding points, the validity will keep extending for another year.

Ok, so transfer the whole lot once a year if there is no immediate usage.

 

[sumit_yadav]

Ok, so transfer the whole lot once a year if there is no immediate usage.

Yes! you can also wait for some transfer Bonus offers. There were 2 that I remember this year.

25% from Axis
75% from HDFC

 

[Riva]

Yes! you can also wait for some transfer Bonus offers. There were 2 that I remember this year.

25% from Axis
75% from HDFC

Thank, Good to know.
Will make an accor ID before 20th Dec and transfer there.

 

[drsel]

Yes! you can also wait for some transfer Bonus offers. There were 2 that I remember this year.

25% from Axis
75% from HDFC

25% Accor bonus points, maximum 6000 on 24000 Accor points; on converting 30000 edge points

 

[shashankrt]

I have 1.65L edge points holding m4b. What is the best advice for someone who doesn't have any travel plans?

Accor?

Yes Accor is currently safest. Also quite some options available with Accor if you combine with Accor Signature or Explorer memberships

 

[miles_guy]

Yes Accor is currently safest. Also quite some options available with Accor if you combine with Accor Signature or Explorer memberships

Can you explain this a bit?