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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
Dear Mr. XXXXX,
Thank you for writing to Axis Bank.
This is with reference to your e-mail dated 25/09/2023, we understand that you wish to avail of the special offering on a points conversion ratio of 5:4 towards your credit cards. We will certainly check and assist you.
We would like to inform you that, we are in the process of announcing the special offer for Burgundy customers. We shall be writing to you shortly with the process to avail of the benefit. Till then we request your cooperation on the same.
To be eligible for the new version, the customer has to have burgundy eligible status as defined below:
Burgundy relationship eligibility criteria, calculated at a Customer ID level:
1) Maintenance of an Average Quarterly Balance of INR 10,00,000 in the Savings Account, OR
2) Maintenance of an Average Quarterly Balance of INR 10,00,000 across Savings Accounts and Current Accounts, OR
3) Maintenance of a minimum Total Relationship Value (TRV) of INR 30,00,000, OR
4) Maintenance of a minimum Total Relationship Value (TRV) of INR 1,00,00,000, which includes Demat holdings, OR
5) In case of a salaried customer, one should be receiving a net salary credit in excess of INR 3,00,000 every month in Axis Bank Salary Account, OR
6) Foreign Inward Remittance of at least INR 40,00,000 received through Wire transfer or Remit Money in last 12 months (only for NRI’s)
7) Each member of the family id should be individually eligible basis cust ID to avail Magnus credit card.
Hence, we request you to wait till the announcement.
Your cooperation is much appreciated in this interim.
We thank you for banking with us & look forward to your continued patronage.
We assure you the best of our services at all times.
The reference number for this interaction is 230925266643.
For an instant response, you may also “CHAT” with us from https://www.axisbank.com/support or for any other query you may visit below links.
Personal Phone Banking Link
NRI Phone Banking Link
Business Phone Banking Link
Agri Rural Phone Banking Link
Burgundy Phone Banking Link
Forex Card Phone Banking Link
Warm Regards,
XXXXXX- (Premium Customer Support)
Team Axis Bank
Dil Se Open
Just to add Magnus for Burgundy is free as per their document in the website
MayankBamboria
TF Buzz
What is the point of having Family ID, if eligibility is based on the requirements met at customer ID level. Should not have mentioned family I'd from the beginning itself.
Burgundy is Primarily a Savings account.
koi gist samjha do
kiska kya nuksan hai kiska kya phayda hai
kiska kya nuksan hai kiska kya phayda hai
TLDR for people with burgundy and magnus:
Call 1800 419 0065 for upgrade. No 5000 voucher😔. Free (if applied before 30 November) until burgundy criterion in maintained (at individual level) in OGS. 5:4 is permanent. All existing points transfer after upgrade (one time transfer).
Everything as expected except missing welcome voucher 😔.
10L relationship gets new burgundy, right? They could have shown this in page 3 table. They chose not to.
They didn't clarified one doubt clearly which was what about bonus edge reward points which are yet to be credited, I explained it here
Axis Magnus - Magnus, Reserve & Other Axis Bank Credit Cards | Devaluation w.e.f. 1st Sep 2023.
-- Edited Post -- Final Update Official PDFs are now out Magnus - https://www.axisbank.com/docs/default-source/default-document-library/credit-cards/mgtc.pdf Reserve - https://www.axisbank.com/docs/default-source/default-document-library/credit-cards/rstc.pdf Revision of Axis Bank...
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