Axis Magnus Rumor with burgundy axis magnus could be LTF (by Sep 2023 it should be official by axis i think you never know though)

[shibili]

Just received confirmation from bank officials that they will provide Magnus LTF for Burgundy customers from Sep 1st onwards

 

[SSV]

@gg123

I wanted to opt for axis select. but waiting for sept 1st. but I do have one question though please help me if you have the answer.
I will only maintain AQB for burgundy till January after that I'll just maintain 5-6 L. let's say I'll get downgraded in march.
will the select become chargeable ? though this is official rule. I have read they usually won't charge but BM said they will charge. if there is anyone that can confirm it is LTF ?

The Select specifications say that it is LTF for Burgundy customers (otherwise 3k + GST). The BM said it would become chargeable once you lose your Burgundy status. I don't see any scope for confusion.

If, based on something you've read somewhere, you choose to believe that they would take pity on you, that's on yourself!

+1 , I second this... nothing else to say...

 

[SSV]

@TechnoFino Mentioned in a post that "They usually don't charge"

being USUALLY the keyword.. It could be OCCASSIONALLY Charged...
So it depends if you falls under USUALLY bucket or OCCASSIONALLY bucket.. entirely depends on the luck...
I believe , you could take the risk..., if not working towards you then you have option to end the Select relationship....

 

[deepcards]

They will charge.. but as per RBI they need to send you a mail/sms that you have been downgraded . If they dont, and still charge (the usual practice which many banks do after changing the salary account), you can register a grievance that u were not informed.

 

[SSG04]

Has anyone heard about this?

I just spoke to my Burgundy RM and was told that Magnus might become free for Burgundy Accounts from September onwards.

 

[D₹V]

Search for related thread before creating new.

Thread 'Official Confirmation of LTF Magnus for Burgundy Customers' https://www.technofino.in/community...n-of-ltf-magnus-for-burgundy-customers.15646/

 

[Sai Ganesh]

Can someone please let me know what is the minimum balance we have to maintain to become eligible for Burgandy Savings Account ?

Also I guess we have to wait till 1st Sep 2023 , for LTF Magnus for Burgandy Customers , am I right ?

 

[deepcards]

I think its 10 lacs. for burgundy salary, it's 0. They give the ultimate burgundy salary account. RM confirmed me that Magnus is LTF with that.

 

[Sai Ganesh]

I think its 10 lacs. for burgundy salary, it's 0. They give the ultimate burgundy salary account. RM confirmed me that Magnus is LTF with that.

Ok bro thanks for your reply. Burgandy salary means , my salary account has to be min 3L per month know bro ?

When i asked the branch , they are saying its 5L , can someone please confirm on this ?

RM confirmed me that Magnus is LTF with that -> this one you are referring from Sep 1st ha bro ?

 

[jack333]

Ok bro thanks for your reply. Burgandy salary means , my salary account has to be min 3L per month know bro ?

When i asked the branch , they are saying its 5L , can someone please confirm on this ?

RM confirmed me that Magnus is LTF with that -> this one you are referring from Sep 1st ha bro ?

It was LTF with salary credit in axis account 3l and other bank account 5l since a long time. From 1sep they are most likely going to make it LTF with normal burgundy saving account as well

 

[ankitfintech]

Btw my local branch credit card person told that for burgundy they will be issuing Magnus Plus instead of Magnus .. He just said plus will have more benefits. Dint share if it will be FYF or LTF or free till burgundy status..

 

[ARV]

Btw my local branch credit card person told that for burgundy they will be issuing Magnus Plus instead of Magnus .. He just said plus will have more benefits. Dint share if it will be FYF or LTF or free till burgundy status..

What is this new Magnus plus now - inspired by plus phones

 

[R@J]

What is this new Magnus plus now - inspired by plus phones

Glad that its not Magnus Reserve.....with tagline - the worse of both worlds

 

[R@J]

Btw my local branch credit card person told that for burgundy they will be issuing Magnus Plus instead of Magnus .. He just said plus will have more benefits. Dint share if it will be FYF or LTF or free till burgundy status..

Hahaha.....could be the typical third party sales person.....who can do or say anything to the customers

 

[deepcards]

My RM also confirmed LTF for Burgundy Salary account. Now, I am in two minds, as i mostly travel domestic, and converting to CV would return at max 15% (if i book using Travel Edge). Spends are easily around 1.5 lacs per month. (CV is around 0.6/0.65 per Re.) However, meet and greet, BMS + add-on BMS, are enticing. (I am a big movie buff).

Can anybody please shed some light on the kind of rewards one can get on vouchers of grocery (blinkit/big basket), zomato/swiggy, and fashion brands- like lifestyle, shoppers stop, arrow, hidesign, etc? is it 2x/3x/5x? And are there any upper caps on the value of voucher one can buy (like in Infinia?)

 

[R@J]

My RM also confirmed LTF for Burgundy Salary account. Now, I am in two minds, as i mostly travel domestic, and converting to CV would return at max 15% (if i book using Travel Edge). Spends are easily around 1.5 lacs per month. (CV is around 0.6/0.65 per Re.) However, meet and greet, BMS + add-on BMS, are enticing. (I am a big movie buff).

Can anybody please shed some light on the kind of rewards one can get on vouchers of grocery (blinkit/big basket), zomato/swiggy, and fashion brands- like lifestyle, shoppers stop, arrow, hidesign, etc? is it 2x/3x/5x? And are there any upper caps on the value of voucher one can buy (like in Infinia?)

You can find the accelerated rewards on vouchers and capping (on select vouchers like amazon, flipkart) here - https://www.gyftr.com/edgerewards

Also, the value of CV can change based on sector to sector and the days b/w booking and travel. For some sectors like Delhi to Dibrugarh or Bhubaneswar (a bit rare) - I can get a flight in 6K & 5K CV + GST, when the actual ticket would be around 7K+ & 6K+ respectively.

 

[deepcards]

You can find the accelerated rewards on vouchers and capping (on select vouchers like amazon, flipkart) here - https://www.gyftr.com/edgerewards

Also, the value of CV can change based on sector to sector and the days b/w booking and travel. For some sectors like Delhi to Dibrugarh or Bhubaneswar (a bit rare) - I can get a flight in 6K & 5K CV + GST, when the actual ticket would be around 7K+ & 6K+ respectively.

Thanks bro. but don't see myself going to Dibrugarh or Bhubhaneshwar in the near future. but i got ur point.

 

[deepcards]

Btw my local branch credit card person told that for burgundy they will be issuing Magnus Plus instead of Magnus .. He just said plus will have more benefits. Dint share if it will be FYF or LTF or free till burgundy status..

Magnus plus is like Infinia Reserve. People need to be more creative, they ruin the names with adding a plus or simply copying Axis's reserve to HDFC's infinia.

 

[Harry1]

I am wondering why is there no noise in twitter for this yet.

Magnus devaluation was spread all over on twitter, but don't see anything regarding LTF offer yet.

 

[CC-Muncher]

I am wondering why is there no noise in twitter for this yet.

Magnus devaluation was spread all over on twitter, but don't see anything regarding LTF offer yet.

After last leak blunder no one is daring to say anything before official confirmation from axis. So no noise

 

[Harry1]

After last leak blunder no one is daring to say anything before official confirmation from axis. So no noise

I have raised it from premium experience to pno and then md desk also. But none is confirming it LTF even with Twitter screenshot and Call recording, where customer care mentioned my card as LTF.

Now thinking to write to RBI Ombudsman .