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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
Ya absolutely. If you go couple of pages back in the same thread then you’ll get to know lot of new stuff for this card.
I have burgundy salary account so no proof asked except aadhar and pan
Whats the advantage of having Magnus credit card Add on? Do add on cardholders get unlimited domestic/international lounge access?
How are you maintaining the relationship? 10L/30L/3L Salary? Mine is new account with 13L balance.
Is ur transfer complete? It has been 4 days, but it is still in initiated state only.
Usually accor points get transferred in just 2 days.
Current update received from bank agent who has applied: -
Application currently on hold; Remarks: Not meeting TRV Criteria of 30L. Required OGS for September.
Don't know what axis is doing, I am getting feeling that bank will not be issuing card on basis of only AQB criteria. I have applied card based on AQB criteria since July onwards being old Burgundy account holder.
Chasing RM to get clarity and help in getting application processed. Shared OGS for September today to attach with application.
Will share further updates.
I have applied based on AQB not 30l FD based TRV.
Today I got an update that there is some excel template to be filled by executive which highlights TRV/AQB eligibility after data inputs for checking True Burgundy relationship.
And many of the banks are yet to receive that excel to process application further in-spite of having approvals and eligibility confirmations from BM/RM.
And many of the banks are yet to receive that excel to process application further in-spite of having approvals and eligibility confirmations from BM/RM.
InquisitiveWhiz
TF Select
I have kept my application for new Magnus on hold as I was told by Burgundy Credit card team that I do not maintain requisite TRV even though I maintain AQB (10L) for last 4 years. On enquiring that AQB is the criteria for Magnus for Burgundy, they directed the RM to show me the below screenshot with highlighted criteria. According to them, Burgundy customers fulfilling TRV(30LFD/1cr Demat) criteria can be upgraded or apply for the new Magnus for Burgundy CC. This all happened in branch with BM and RM on con-call. RM told me to proceed with normal Magnus which is neither LTF nor will give 5:4 rewards. Clearly , don’t want to waste my time in this whole fiasco and will get Atlas CC instead.
Those are getting Magnus for Burgundy CC on AQB can consider themselves lucky or I may be the unlucky one who got entangled in this Axis web of confusion.
Those are getting Magnus for Burgundy CC on AQB can consider themselves lucky or I may be the unlucky one who got entangled in this Axis web of confusion.
You have been misinformed. The way Axis has phrased the document is clearly confusing. Why are they reading selectively and ignoring other criteria?
For normal Burgundy relationship, you don't need to maintain at customer ID level. Family ID works too. So what is the purpose of first line stating the Burgundy relationship?
InquisitiveWhiz
TF Select
I also believe that I may have been misinformed and Axis has definitely/purposefully made the document for confusing so that people rush to open burgundy account. There was no need to mention the burgundy relationship account criteria along with the criteria for getting Magnus for Burgundy CC as both are different. My RM & BM have now started specifically telling burgundy customers to open a FD of 30L for Magnus for Burgundy CC as directed by Burgundy CC division. For me opening FD of 30L for a CC doesn't make sense. But I sincerely hope that someone just maintaining AQB gets the new Magnus for Burgundy CC so that atleast I would be in a better position to negotiate with the burgundy CC team(30 Nov deadline also doesn't help😒).
Your RM/BM are telling lies 😎
InquisitiveWhiz
TF Select
I know along with the burgundy CC team and I said the same to their faces during the con-call. But Axis has armed them with that FAQ sheet through which they are easily able to dodge the criteria questions. Nowhere in that FAQ, it is written that those maintaining AQB are eligible for Magnus for Burgundy and I was not able to show them during my time at branch. Certainly don’t have the zeal and time for another branch visit for this cause.
How is your upgrade process going on? I am banking (pun intended 😉 ) on you and handful of other members who are trying to get through the AQB route.
I have average balance for September > 10 lacs (as per one glance statement), and closing balance on 30th September is also >30 lacs. So, I meet both AQB & TRV, but still not eligible for upgrade as per CC 🤣
So, it's not like people maintaing TRV's are getting the upgraded Magnus instantly. I have sent the one glance statement to my RM, who has forwarded it to premium.experience@axisbank.com & Burgundy green channel - waiting for their revert. Let's see what happens.
So, it's not like people maintaing TRV's are getting the upgraded Magnus instantly. I have sent the one glance statement to my RM, who has forwarded it to premium.experience@axisbank.com & Burgundy green channel - waiting for their revert. Let's see what happens.
