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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)

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CVR said:
There was never any mention of fee waiver in any Axis official document.. it was always rumour or something based on ppl talking to bank RMs..
i am also burgundy so will be very happy if card is free
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Don't you consider their tweet from official handle as official announcement, check again
It clearly mentions:
What’s more - as a special limited period offer, the fees are waived !
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anonym said:
Don't you consider their tweet from official handle as official announcement, check again
It clearly mentions:
Click to expand...

The fees are waived for those existing Magnus holders who have already paid the joining or renewal fee less than 12 months back.

These old Magnus holders will apparently get a new Magnus card linked to the Burgundy account with 5:4 conversion ratio after 11th or 15 September, subject to their acceptance of the terms and conditions.

5 days after opening a Burgundy account you will get SMS with a link to confirm your acceptance of the terms and conditions
 
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vaibhav111 said:
11th September, new magnus detail should be surfaced by then.
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Yeah Burgundy Mangnus to be announced by 11 Sep...waiting for their official announcement on fee waiver as they have clearly mentioned the welcome benefit of 5000 voucher for special offering (whereas for normal offering they are providing the 10000 voucher)..
 
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drsel said:
The fees are waived for those existing Magnus holders who have already paid the joining or renewal fee less than 12 months back.

These old Magnus holders will apparently get a new Magnus card linked to the Burgundy account with 5:4 conversion ratio after 11th or 15 September, subject to their acceptance of the terms and conditions.

5 days after opening a Burgundy account you will get SMS with a link to confirm your acceptance of the terms and conditions
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That clarity is what has been awaiting from Axis, neither their RMs or the BM has any update on the fee waiver clause mentioned abruptly in above tweet
 
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anonym said:
That clarity is what has been awaiting from Axis, neither their RMs or the BM has any update on the fee waiver clause mentioned abruptly in above tweet
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It is not a lifelong fee waiver ..
it is just that Axis will not charge you again for the new Magnus card linked to Burgundy, because you already paid the renewal fee of the old Magnus card.

Magnus card is not a free card, there will always be annual renewal fees
 
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drsel said:
Is 11 September confirmed as the date when burgundy customers will see a 5:4 conversion ratio on their axis mobile app?
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from what i have read, existing magnus & burgundy holder from 11th September onward, point earned and redemption would be 5:4. but let wait till 15th September cause axis would to replace their existing burgundy and magnus holder card with new magnus+ card too.. so let wait and watch.. and people looking to open to get magnus through burgundy they would get a clarity whether to open burgundy account for the sake for LTF magnus.. if that case it turned out to be.
 
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vaibhav111 said:
from what i have read, existing magnus & burgundy holder from 11th September onward, point earned and redemption would be 5:4. but let wait till 15th September cause axis would to replace their existing burgundy and magnus holder card with new magnus+ card too.. so let wait and watch.. and people looking to open to get magnus through burgundy they would get a clarity whether to open burgundy account for the sake for LTF magnus.. if that case it turned out to be.
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My renewal is on 15th, I hope they convert it before that, otherwise 11800 loss😭.

Yesterday, had a call with one pno, he said like 3rd week of September.
 
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Harry1 said:
My renewal is on 15th, I hope they convert it before that, otherwise 11800 loss😭.

Yesterday, had a call with one pno, he said like 3rd week of September.
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Yes, because now you will not even get the 10000 Tata cliq voucher on paying the renewal fee.
the last date for that was 31 August
 
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All who pay renewal fee 11800 after first September will not get any renewal benefit voucher.

And all who pay joining fee 14750 after 1st September get a voucher which does not have much real value
 
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yeah i know i did read earlier post..why you had to pay the fees or would need to considering fees cause of you did spend 1 lakhs and it ER will be credited later on.. pay the fees cause there seem no clarity and later once you transferred the ER, and if thing reside in term of Burgundy customer get magnus+ free or something like that.. then do try to reverse the annual fees if possible only you had maintain burgundy account 10 AMB criteria.
Harry1 said:
My renewal is on 15th, I hope they convert it before that, otherwise 11800 loss😭.

Yesterday, had a call with one pno, he said like 3rd week of September.
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vaibhav111 said:
yeah i know i did read earlier post..why you had to pay the fees or would need to considering fees cause of you did spend 1 lakhs and it ER will be credited later on.. pay the fees cause there seem no clarity and later once you transferred the ER, and if thing reside in term of Burgundy customer get magnus+ free or something like that.. then do try to reverse the annual fees if possible only you had maintain burgundy account 10 AMB criteria.
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Yeah, that's the plan🤞
 
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vaibhav111 said:
yeah i know i did read earlier post..why you had to pay the fees or would need to considering fees cause of you did spend 1 lakhs and it ER will be credited later on.. pay the fees cause there seem no clarity and later once you transferred the ER, and if thing reside in term of Burgundy customer get magnus+ free or something like that.. then do try to reverse the annual fees if possible only you had maintain burgundy account 10 AMB criteria.
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If he is waiting for 25000 edge points in November then he had better pay the fees and not cancel the card, otherwise the 25000 points will also go to waste.

However, there is no such thing as reversal of fees for Magnus even if he is a Burgundy account holder.
 
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Harry1 said:
My renewal is on 15th, I hope they convert it before that, otherwise 11800 loss😭.

Yesterday, had a call with one pno, he said like 3rd week of September.
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True, my RM called and told me they had a conference call update on magnus and it will told to all that magnus offical announcement will come in 3rd week of September ( or before ) and this burgundy magnus will be issued on mastercard varient and will replace select as life time free card for burgundy
 
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Also 5k vocher is applicable for all and burgundy get it for free
drabhishekladdha said:
True, my RM called and told me they had a conference call update on magnus and it will told to all that magnus offical announcement will come in 3rd week of September ( or before ) and this burgundy magnus will be issued on mastercard varient and will replace select as life time free card for burgundy
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