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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)
- Thread starter shibili
- Start date
silver_snorlax
TF Buzz
It says DBPRV in mobile app. Which I believe is digitally opened Burgundy Savings account.
drabhishekladdha
TF Select
Yes correct , it is Burgundy
FAQs only talk about 45 days to reflect in ‘One Glance Statement (OGS)‘. Think this AQB started with calls to customer care and added to the confusion. There is no AQB in the OGS, it only reflects balance in the account. Maintain 10L for just over a month till OGS gets generated and then one can try the luck.
You can try applying via card to card method from branch .
Once card is approved, you can withdraw your funds but keep in mind there will be a check for maintaining true burgundy status once every 6 months as mentioned in t&c.
If true burgundy status is not maintained at the time of check, your card will be converted to normal magnus and will attract joining and annual fees.
drsel
TF Prestige
Magnus income eligibility is 18 lakhs per annum.
Whenever you want to withdraw the funds, you first need to close down the card to avoid paying 14750 fees
Ya blocking 10L is useless but that’s if you get LTF Magnus Burgundy. First you need to try to get the card. And if you do not get till 30 Nov, the deadline, then move money to the original source. Try all this of you do not have a good card in your wallet and can spare 10L.
Income eligibility is revised to 24 lakh per annum from Sept 1st Onwards, can refer to Magnus product page on website.
I think its been revised to 24L now
Attachments
kapsshah42
TF Select
The rise is mainly for indigo and lcc flights
Yes new application.. Upgraded from Priority to Burgundy recently around 1.5 months back only
Only biometric KYC done by home visit...
Yes for Magnus its 24 L ITR they are asking now for general application
Good. If things go well then you’ll get the card in 4-5 days.
Finally applied for Magnus Burgundy credit card today (new card application with no existing Magnus) on basis of AQB criteria via C2C basis. Provided OGS for August since September one not received yet.
New criteria to apply Magnus Burgundy via C2C now requires minimum 10lac Credit Limit on other bank credit card and it shall be minimum 1 year old with minimum 40% credit limit available in the latest statement as per the agent who processed the application.
But again it might vary agent to agent in case if no clear guideline from bank to them.
Will share updates on the application as it progress.
New criteria to apply Magnus Burgundy via C2C now requires minimum 10lac Credit Limit on other bank credit card and it shall be minimum 1 year old with minimum 40% credit limit available in the latest statement as per the agent who processed the application.
But again it might vary agent to agent in case if no clear guideline from bank to them.
Will share updates on the application as it progress.
Aryan Malhotra
TF Select
So no income documents and other bank cc statement was asked only they asked for TRV, right?
OGS statement doesn't reflect AQB so how did it work for you as evidence for true burgundy?
Bank have some option to calculate and check and confirmed about eligibility. But OGS was needed to attach with the application.
