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It'll get fixed means with a bad impact on us? So you mean that we should transfer before that?It will get fixed soon too.
In the same boat.I just hope my August September bonus points get credited and transferred before that.
September didn’t have milestone, right? Are you talking about giftedge?It will get fixed soon too.
I just hope my August September bonus points get credited and transferred before that.
September didn’t have milestone, right? Are you talking about giftedge?
Yes and Yes.It'll get fixed means with a bad impact on us? So you mean that we should transfer before that?
In the same boat.
No, Bonus points for 1.5L+ spends.September didn’t have milestone, right? Are you talking about giftedge?
There seems to some funny logic through which they do the calculations. My previous post of default transfer of '8760' points from ERs to Magnus Burgundy is also wrong. With two transfers/conversions its not taking further requests. Now the ERs have been kind of frozen at 15K and there are only 2K in Magnus Burgundy. So as an advice, I'll still say that convert all ERs before segregation kicks in.I did some analysis of My Edge Rewards History and Magnus Burgundy points distribution and I have got the formula they are using.
For calculating Magnus Burgundy points, they check last edge reward credits (until it reaches current total edge points) and include All Magnus Base rewards (both old magnus and new magnus burgundy), Exclude other credit card points (I have select and samsung), Exclude debit card points, Exclude Grab deals points, Exclude Other cards welcome benefits (Samsung welcome benefit), Exclude Manual additions (Retention point).
I don't have any points from Gyftr and Magnus monthly milestone in last few months, so can't confirm about them. But as grab deals is not considered under Magnus Burgundy, mostly Gyftr also won't be considered. Hopefully, Grab deals and Gyftr points (and possibly monthly milestone) exclusion is a bug and will be fixed soon.
Reversals from Travel edge failed transfer is not counted towards edge/magnus burgundy point and actual credit transaction done for them is considered, which is right.
Now, The current bug is that (good for us ) when we redeem Magnus Burgundy points, it just deducts from Total edge points only and then recalculates new Magnus Burgundy points based on current total edge points and last few transactions history like mentioned above. They can easily fix this by removing recalculation logic of magnus burgundy points after every transfer and instead deduct from both total points and magnus burgundy points everytime after a transfer is done. So a fix is coming soon.
Get your points empty as soon as possible specifically if u have significant points from other credit/debit cards, welcome benefits or Retention bonus. For Gyftr/Grab deals, u can still fight with customer care.
As mentioned, Check ur transaction history of edge points of last few transactions until u reach 15K. Now out of all those, check how many you have got from Magnus as base points. It will match exactly. Exclude everything else like i mentioned.There seems to some funny logic through which they do the calculations. My previous post of default transfer of '8760' points from ERs to Magnus Burgundy is also wrong. With two transfers/conversions its not taking further requests. Now the ERs have been kind of frozen at 15K and there are only 2K in Magnus Burgundy. So as an advice, I'll still say that convert all ERs before segregation kicks in.
Ya must be. I think it’ll stay stuck at 15K only until they resolve and then it is going to be fait accompli.As mentioned, Check ur transaction history of edge points of last few transactions until u reach 15K. Now out of all those, check how many you have got from Magnus as base points. It will match exactly. Exclude everything else like i mentioned.
Why r u not doing 2K transfers?Ya must be. I think it’ll stay stuck at 15K only until they resolve and then it is going to be fait accompli.
No. Around 5K should be GYFTR. If I transfer these 2K as well then will the Magnus Burgundy wallet again refill from ERs?Your remaining 13K in last 15K is Gyftr bonus points?
No take it the other way. It's like that proverbial 'Shaadi ka Ladoo'... The ones who have the card are as confused as the ones who want this.Everyone discussing how to get max benefits from Burgundy Magnus, meanwhile I'm still not eligible for an upgrade, even after 2 months 😭
What r rest 8K from?No. Around 5K should be GYFTR. If I transfer these 2K as well then will the Magnus Burgundy wallet again refill from ERs?
In the same boat .. ! I presume the TRV would have been achieved around 13th Oct and this is the first OGS with the required TRV. One of the CC guys says need to wait 45 days from the OGS which is pure BS - after achieving the TRV more than 45 days earlier than the offer end date of 30th Nov, this 45 days from OGS shoots the possibility of availing the LTF offer. I had to share a piece of my mind with my RM regarding this and taking customers and their money for a ride !!!Ok so I sent the October OGS form to Axis Bank premium support email. I maintain 23 lakhs AQB in Oct OGS and a balance of more than 30 lakhs. The premium experience replies back that I'm not eligible for an upgrade lol
This is BS of the highest order.
That must be 23L AMB for October and not AQB. Since you opened the Burgundy account only in the middle Sep , you will not be eligible for upgrade of your existing Magnus card on the basis of AQB as they insist on 3 months OGS and not averaging out the last two months average monthly balances from Sep and Oct OGS , for quarterly average balance calculation ( ie AQB for the previous 3 month period). As per FAQ , you should be technically eligible to apply for upgrade , 45 days from the exact date TRV value reached 30 lakhs in September /October. Though some CC take the month end OGS date ( like 30th Sep/31st Oct) as the TRV achievement date from which 45 days is calculated ! For How long you are holding existing Magnus credit card ?Ok so I sent the October OGS form to Axis Bank premium support email. I maintain 23 lakhs AQB in Oct OGS and a balance of more than 30 lakhs. The premium experience replies back that I'm not eligible for an upgrade lol
This is BS of the highest order.
That must be 23L AMB for October and not AQB. Since you opened the Burgundy account only in the middle Sep , you will not be eligible for upgrade of your existing Magnus card on the basis of AQB as they insist on 3 months OGS and not averaging out the last two months average monthly balances from Sep and Oct OGS , for quarterly average balance calculation ( ie AQB for the previous 3 month period). As per FAQ , you should be technically eligible to apply for upgrade , 45 days from the exact date TRV value reached 30 lakhs in September /October. Though some CC take the month end OGS date ( like 30th Sep/31st Oct) as the TRV achievement date from which 45 days is calculated ! For How long you are holding existing Magnus credit card ?