-
Hey there! Welcome to TFC! View fewer ads on the website just by signing up on TF Community.
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)
- Thread starter shibili
- Start date
Calculations mentioned in point 3 dont really matter if your Burgundy account is based on net salary credit criteria. You can also maintain balance of 1K post salary credit and it will continue to be Burgundy. I am talking from my own experience.
Please however take conformation from your RM on Burgundy based on salary credit criteria
If you are high on travel, Magnus for Burgundy is worth it.
1. You’ve already transferred significant points to Vistara.
Wait out for your salary move to Axis.
2. Don’t rush to open Burgundy separately, unless account transfer doesn’t take place within the time bound offer definition of Axis.
3. Salary credit beyond 3L per month is the eligibility, not what you maintain in the account as AQB/AMB.
This is my reading.
1. You’ve already transferred significant points to Vistara.
Wait out for your salary move to Axis.
2. Don’t rush to open Burgundy separately, unless account transfer doesn’t take place within the time bound offer definition of Axis.
3. Salary credit beyond 3L per month is the eligibility, not what you maintain in the account as AQB/AMB.
This is my reading.
WAIT, 10L points to Miles Transfer Program for Burgundy account? I was under the impression that we could transfer only 5L points. I am aware that we could transfer 5L from 1st September 2023 – 31st December 2023 and then capped at 5L points from next calender year. Am I missing something?
I am particularly interested in this as I don't have funds to maintain Burgundy Private with 5cr TRV anytime soon but Burgundy Account TRV is possible. And yes, I can earn 10L+ points in a calender year.
Even with burgundy every year one can only transfer 5 lakh ER to transfer partners.
There is no mention of 10 lakhs ER transfer for burgundy customers .
There is no difference between burgundy and non burgundy magnus except the 5:4 transfers which as per Axis is time bound offer and would soon be reversed if Axis notices manufactured spending being done .
It was mentioned in one of the PDFs that for Burgundy users it's 10 Lakh. @CMG Might know exactly which one.
Edit: Found the screenshot
Edit 2: This doesn't exist anymore. PDF is updated now.
Last edited:
MAGNUS FOR BURGUNDY Credit Card
Applicable only for Burgundy customers maintaining the requisite individual Burgundy relationship. For more details visit, https://www.axisbank.com/Magnus. By applying for Magnus Credit Card for Burgundy, you also agree to the bank’s policy of replacing Magnus Credit Card for Burgundy with new Magnus Credit Card in case the requisite Burgundy ‘Total Relationship Value’ criteria is not maintained by the customer. The new Magnus Credit Card will also incur Joining and Annual Fee of Rs. 12,500++.
Applicable only for Burgundy customers maintaining the requisite individual Burgundy relationship. For more details visit, https://www.axisbank.com/Magnus. By applying for Magnus Credit Card for Burgundy, you also agree to the bank’s policy of replacing Magnus Credit Card for Burgundy with new Magnus Credit Card in case the requisite Burgundy ‘Total Relationship Value’ criteria is not maintained by the customer. The new Magnus Credit Card will also incur Joining and Annual Fee of Rs. 12,500++.
They are going very slow.
Someone shared this. I hope he has wrong info on point-4😭.
Pretty sure point-6 is wrong. All upgrades in axis are treated same as new card w.r.t. joining /annual fees and welcome benefits. And is also clearly mentioned in mgtc document.
Others seems to be in line with expectations.
I didn't notice that. TRV is usually 30L, AQB is 10L.
I speculate that they might get 5:4 but not free Magnus.
Mostly another miss by them in document.
Probably. https://www.axisbank.com/about-us/corporate-profile indicates that they had 4,903 on 31st March 2023
