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

 

[shibili]

1. AXIS BURGUNDY PRIVATE
2. AXIS RESERVE

I mean easily accessible cards 😜

 

[MilesMax]

I mean easily accessible cards 😜

Niyo global debit card / credit card. Not all ATMs are free. Only listed on their app.

 

[Avijeet]

Niyo global debit card / credit card. Not all ATMs are free. Only listed on their app.

Exchange rate is not that competitive ... that's what i have heard

 

[drsel]

Exchange rate is not that competitive ... that's what i have heard

That would be logical, because they have to earn something somewhere or the other.
They are in business to make money out of you, not to do social service

 

[Avijeet]

That would be logical, because they have to earn something somewhere or the other.
They are in business to make money out of you, not to do social service

I know they need to earn as well ....

but saying zero markup fee and taking a hidden markup in exchange rate is not good either .....

 

[gamersgzb]

I know they need to earn as well ....

but saying zero markup fee and taking a hidden markup in exchange rate is not good either .....

It's live visa rates.. no Mark up

 

[Pawan_KS]

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

scapia cc

 

[shibili]

scapia cc

I own it, but it's good for online transaction, not ATM withdrawal

 

[Shreyasrp]

An

Everyone's concentrated on Magnus for Burgundy customers. I just heard they are re-launching Reserve, Magnus and Atlas. and Atlas might be free for Priority customers

Any updates on atlas for priority??

 

[drsel]

Any updates on atlas for priority??

I would rather pay 5900 and get 5000 Atlas edge miles

 

[Pawan_KS]

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..

Does they provide any timeline for the same.

 

[drabhishekladdha]

An

Any updates on atlas for priority??

Is it , I got my priority salary account upgraded to burgundy last month ..lol

 

[mojo_jojo123]

Is it , I got my priority salary account upgraded to burgundy last month ..lol

salare > 3L ?

 

[bhandchawla]

When will the official confirmation for Burgandy will come?

 

[H2O]

Is it , I got my priority salary account upgraded to burgundy last month ..lol

With salary condition or the AQB?

 

[drabhishekladdha]

salare > 3L ?

Yes I have two burgundy account will axis , ( one salary and other normal account ,

With salary condition or the AQB?

One with salary ,other with TRV

 

[Pawan_KS]

Yes I have two burgundy account will axis , ( one salary and other normal account ,

One with salary ,other with TRV

Is it possible to have two burgundy account. Do you have two customer ids with axis.

 

[Harry1]

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.

Lol I don't know if they got confused or what, but today I see joining fee and gst reversal in my card, which was charged last year in September.

Today is my renewal date and I was supposed to get charged for another 11800, but instead I have been reversed last year's joining fee 😅.

I had sent a reminder to MD desk last week (after one month) and this time I got a response that they are working on it. I think they got confused that I am asking to waive renewal fee and instead they waived off joining fee. Or maybe RBI Ombudsman Complaint was also there.

Let's see if they still charge renewal fee in 1-2 days or not. But at least I have got it back in another form. So I am done for now😁.

Now I can patiently wait for 1-2 month also for Magnus burgundy announcement 🤣, as I don't have immediate transfer requirements.

 

[drabhishekladdha]

Is it possible to have two burgundy account. Do you have two customer ids with axis.

Yes possible , linked to same Customer ID ( had asked them to merger both accounts to same ID,so that I get a common login and one statement)

 

[sxchzy]

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

well if it isnt profitable the bank wouldn't get to invested in this
50-70% of banks prfoits come from retail segment loans.might be higher for other banks
and premium banking is usually catered by the likes of dbs hsbc scb and citi before.
they had higher nrv requirements and the infrastructure was already there with them from other country operations
due to that everything was smooth
now for an Indian pvt bank that is miniting money selling home or car loans to the retail ,its infra will also be in accordance to something of that level itself