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

 

[K.R]

It says 'as a prime customer' at the bottom, so yours must be a prime salary account?

When you login to net banking it will clearly show as Burgundy if you are upgraded to Burgundy

 

[bikramnitj]

New to the forum, but I would like to update you all on my conversation around Burgandy. The RM confirmed that the old Magnus will be replaced by new Magnus which will be LTF for Burgandy. The sales folks have confirmation they are just waiting for a product code to initiate that account opening process. So basically it’s mostly confirmed yet not operational..

 

[drsel]

Now the main question is when you have Burgundy activated, what will be the conversion ratio for your other 3 cards in your portfolio like Samsung infinite, Select, Rewards, IOCL, etc?

 

[ishanmontella]

Magnus + burgundy here.
For Accor, Transfer ratio was 10:1 till today morning. Checked again just now and it is 5:2 after many days.

All the member ID’s are still inactive though.

 

[SM24]

Magnus + burgundy here.
For Accor, Transfer ratio was 10:1 till today morning. Checked again just now and it is 5:2 after many days.

All the member ID’s are still inactive though.

Buffering, Puffering, Duffering, Suffering...it's all happening out here with M + B.

 

[drsel]

Magnus + burgundy here.
For Accor, Transfer ratio was 10:1 till today morning. Checked again just now and it is 5:2 after many days.

All the member ID’s are still inactive though.

If so, I don't think I should make my account burgundy because there is no benefit.
Let's see if 5:4 ratio starts from 15 to 21 September

 

[Salvo08]

I have messaged my RM about my burgundy status, but she isn't replying.

Think yours is a Prime account. Please call customer care and clarify.

 

[drsel]

Member ID is active but I have not received any points for all the spends with plain Magnus in September.
So I don't even have 300 points to check the conversion ratio

 

[RupayMan]

If so, I don't think I should make my account burgundy because there is no benefit.
Let's see if 5:4 ratio starts from 15 to 21 September

Customer care told end of this month we will get notified about new magnus card, that will be self opted and once opted, we will get new magnus card with 5:4, they denied burgundy+magnus as LTF. It will be charged annually.

 

[drsel]

Customer care told end of this month we will get notified about new magnus card, that will be self opted and once opted, we will get new magnus card with 5:4, they denied burgundy+magnus as LTF. It will be charged annually.

Please find out if the other cards in the portfolio will also get 5:4 ratio if you are Magnus burgundy

 

[MilesMax]

Customer care told end of this month we will get notified about new magnus card, that will be self opted and once opted, we will get new magnus card with 5:4, they denied burgundy+magnus as LTF. It will be charged annually.

If only the newly accumulated points from this new card get 5:4 then a lot of previous ERs would have half the value. August Milestone, Gyftr accelerated points, points received for this month spends etc. That's bad.

 

[RupayMan]

Please find out if the other cards in the portfolio will also get 5:4 ratio if you are Magnus burgundy

CC are just dumb to repeat stuffs that known by us long back

 

[praneeth999]

Got below message from Axis Bank just now. Hope they are doing some maintenance related to Burgundy/Magnus...

Due to maintenance downtime, you will be unable to transact with your Axis Bank Credit Card(s) on 14-09-23 from 2 AM to 4 AM IST. Regret any inconvenience.

 

[drabhishekladdha]

So new update from axis ...seems like they have no idea and even after sending a message last month , could not upgarde their system till now
Hilarious

 

[Avijeet]

finally after 15 days .... Base edge rewards credited.. but transfer rate is still 5:2 even for burgundy customers

 

[SM24]

Just shows how much of a farce premium banking is in India.

 

[shibili]

Which is the best card providing free ATM withdrawal outside india and no forex charges also ?

 

[Avijeet]

Which is the best card providing free ATM withdrawal outside india and no forex charges also ?

1. AXIS BURGUNDY PRIVATE
2. AXIS RESERVE

 

[drabhishekladdha]

finally after 15 days .... Base edge rewards credited.. but transfer rate is still 5:2 even for burgundy customers

True ,noticed same ,lets hope they are trying to sort things out now

 

[drabhishekladdha]

finally after 15 days .... Base edge rewards credited.. but transfer rate is still 5:2 even for burgundy customers

But one interesting this to note is when you check terms and condition ,it shows 5:4 conversion ratio for Burgundy private and for magnus it is 5:2 , no mention of Burgundy magnus