RIP Burgundy Magnus CC

[khaitan.rajesh29]

Axis has just killed Burgundy Magnus with joining fees of Rs30k plus taxes and that too with a joining benefit of just Rs 5k voucher.

https://www.axisbank.com/docs/defau...cards/magnus-credit-card-for-burgundy-faq.pdf

 

[drsel]

35400 joining & annual fee every year + 30 lacs fixed deposit!

 

[shake-all-Sphere]

Axis has just killed Burgundy Magnus with joining fees of Rs30k plus taxes and that too with a joining benefit of just Rs 5k voucher.

https://www.axisbank.com/docs/defau...cards/magnus-credit-card-for-burgundy-faq.pdf

Unfortunately, I feel they would come up with other ways of getting m4b.

 

[khaitan.rajesh29]

Unfortunately, I feel they would come up with other ways of getting m4b.

I hope so, else they are not going to get new customers now.

 

[SSV]

I hope so, else they are not going to get new customers now.

Then present customers can enjoy the benefits

 

[SSV]

35400 joining & annual fee every year + 30 lacs fixed deposit!

Super very good..

 

[R@J]

Then present customers can enjoy the benefits

Is there going to be any benefit which is that extraordinary that a burgundy account holder (which in itself requires 30 Lakh NRV and so much headache) will pay 30K for a card.
Some people were talking about the re-introduction of 25K or similar milestone thing....but I dont see anything like that coming !!

 

[khaitan.rajesh29]

Is there going to be any benefit which is that extraordinary that a burgundy account holder (which in itself requires 30 Lakh NRV and so much headache) will pay 30K for a card.
Some people were talking about the re-introduction of 25K or similar milestone thing....but I dont see anything like that coming !!

I havn't seen that benefit too. If they come up with 25k bonus points each month, then it should still be a good deal, otherwise its useless.

 

[SSV]

Is there going to be any benefit which is that extraordinary that a burgundy account holder (which in itself requires 30 Lakh NRV and so much headache) will pay 30K for a card.
Some people were talking about the re-introduction of 25K or similar milestone thing....but I dont see anything like that coming !!

Nothing as of now.. this is now for really really genuine big spenders…
But with the history of axis changing the major terms and conditions abruptly, I will stay away from these Axis premium products.. I will give them a year or two to see if they settled with their strategy.. until then I’ll am not be looking at these

 

[shake-all-Sphere]

I hope so, else they are not going to get new customers now.

True its not worth having an account if you do not get quality products.l

 

[abhiver]

they now need to increase there offering on magnus then. maybe Magnus ke sath Reserve Free offer nikale 😀