-
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
shashank08
TF Premier
I called premium support yesterday. It was told that eligible Burgundy account holders with no Magnus will receive communication by Monday.
A lady at Burgundy Cc just now told me, after supposedly checking with her supervisor -
1. 30L in FD is better as TRV than 10L in Savings + 20L recently transferred to Savings, to reach 30L TRV.
When questioned. She resorted to fall back.
2. 30L TRV needs to be maintained for atleast 45 days.
She knew about One Glance Statement.
But didn't have an answer when I brought up TRV maintained as shown in One Glance as a sufficient prerequisite.
*Her fall back was -
Speak to RM.
So if this lady is to be believed, then instant eligibility via
30L TRV is a non starter.
drsel
TF Prestige
Fixed deposit of 30 lacs will instantly make you eligible for magnus for burgundy.
but you need to maintain that fixed deposit as long as you keep the magnus for burgundy.
When you want to break the fixed deposit , you need to first close the Magnus for burgundy card and then break the fixed deposit.
This is so that they don't charge you 14750 for a new downgraded ordinary Magnus card.
I dont understand why everyone is pressing for 30L TRV via FD when the Axis document clearly says that even having 10L in savings is enough to fulfil the TRV condition.
Because everyone is trying to use their brain to interpret things better. Tbh, the document is not very clear. We will have more clarity in a few weeks.
devine_mortal
TF Premier
While everyone's trying to get Burgandy accounts via FDs and what not, here I am still chasing my Citi RM to know if my Citi Gold relationship wud transfer to Axis as Burgandy. It's worrying that even they don't have the complete picture yet as migration is still happening and it might be next year until they have any clarity.
I think closing Citi and opening a wealth account with Axis would be faster? Because I would really like a LTF Magnus.
I think closing Citi and opening a wealth account with Axis would be faster? Because I would really like a LTF Magnus.
Last edited:
drsel
TF Prestige
Definitely close Citi and transfer your funds to Axis into a Burgundy account.
devine_mortal
TF Premier
I tried to start the process online but it says I have an existing account with Axis. No option to connect with an agent or anything. I think visiting a branch is the only option? Because as @ARV mentioned, this offer is only valid till 30th Nov.
drsel
TF Prestige
Just take a bankers check for the entire amount and surrender your cheque book etc
May be but why take chances
Yeah. Or else after 30th Nov, it signals to people who can open Burgundy that no new such customer will ever be given same benefits as old ones. Better go to other banks as anyways the services will be similar.
Applied for Magnus Burgundy freshly. I'm an existing Burgundy Salary account holder without any active Axis credit card.
WhatsApped the BM and in an hour I got a call from credit card team, who then immediately sent a person to complete the process. The application was showing Magnus Burgundy as a separate variant, and it clearly showed LTF. Got the below message as a confirmation. Will keep the thread updated.
Thank you for applying for Axis bank Magnus Burgundy Credit Card. Charges applicable- Joining Fee: INR 0, Annual Fee: 0 & Interest: 3% per month. Your registered email ID is SomeEmail@GMAIL.COM. Enter OTP SomeOTP on the tablet within 30 mins to confirm your consent on the application, T&Cs (http://www.axisbank.com/Mitnc) & Key Fact Sheet (http://www.axisbank.com/ccsoc). Do not share with anyone.
WhatsApped the BM and in an hour I got a call from credit card team, who then immediately sent a person to complete the process. The application was showing Magnus Burgundy as a separate variant, and it clearly showed LTF. Got the below message as a confirmation. Will keep the thread updated.
Thank you for applying for Axis bank Magnus Burgundy Credit Card. Charges applicable- Joining Fee: INR 0, Annual Fee: 0 & Interest: 3% per month. Your registered email ID is SomeEmail@GMAIL.COM. Enter OTP SomeOTP on the tablet within 30 mins to confirm your consent on the application, T&Cs (http://www.axisbank.com/Mitnc) & Key Fact Sheet (http://www.axisbank.com/ccsoc). Do not share with anyone.
devine_mortal
TF Premier
Did you open this account online itself? Not sure if there's an option.
drsel
TF Prestige
If you can see the last four digits of Magnus Burgundy Mastercard on your mobile app kindly check your Edge points and see if there are separate categories/pools for 5:4, 5:2, 5:1, 10:1, 20:1 and 1:2 (Atlas edge miles);
OR
Is it just one common pool for all edge points.
in which case, all your other cards in your portfolio will also get 5:4 ratio
OR
Is it just one common pool for all edge points.
in which case, all your other cards in your portfolio will also get 5:4 ratio
