• 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)

Apply For Lifetime Free IDFC First Credit Card
Sort by date Sort by votes
Harry1 said:
Ohk, one guy mentioned this earlier that some people are not getting edge points option even after getting MB below 100.

For me, it worked though by just bringing under 100. There maybe some more math required here to understand it.

Official customer care stance is to bring it zero.
Click to expand...
So if this can't work is there any other way to use balance edge reward points?

Atleast they should allow to transfer at a lower rate.. Currently for me those points are unusable.
 
Upvote 0 Downvote
ankitfintech said:
So if this can't work is there any other way to use balance edge reward points?

Atleast they should allow to transfer at a lower rate.. Currently for me those points are unusable.
Click to expand...
Check ur edge reward history, if MB points is from last few transactions, then earn more MB points and get it above 300 and do multiple transactions of 300. MB will never go 0 in this case.

If MB points is from initial few travsaction, redeem 500 points as pvr or any other voucher in 5:1 ratio. That should get MB to zero.
 
Upvote 0 Downvote
ankitfintech said:
So if this can't work is there any other way to use balance edge reward points?

Atleast they should allow to transfer at a lower rate.. Currently for me those points are unusable.
Click to expand...
There is a way to make MB bucket zero , by spending a particular amount on your Burgundy magnus card , wait for a week , make MB bucket zero and then convert your ER points at 5:4 ratio . I had posted a detailed step-by-step guide on another thread , which Would have helped you before you initiated the transfer from Burgundy Magnus balance.

But it depends on the balance points in your BM bucket . Are you sure it is 42 and not 44 ? What was the balances earlier and how it got reduced to 42? Did u get any AEP into MB bucket ?
 
Last edited:
Upvote 0 Downvote
I got the Burgundy upgrade on time by 30th nov and now it is showing unbox in App . I have 44778 ER points right now . From what I could grasp from the conversations , before using my Magnus Burgundy Card , I will be shown 5:4 for the above ER and I need to transfer it to the max . Post that , I need to get my MB points below 100 to transfer any additional ER points that I might receive in future via pending sources or grabdeals .

Please correct me if I am wrong
 
Upvote 0 Downvote
Ravana_88 said:
I got the Burgundy upgrade on time by 30th nov and now it is showing unbox in App . I have 44778 ER points right now . From what I could grasp from the conversations , before using my Magnus Burgundy Card , I will be shown 5:4 for the above ER and I need to transfer it to the max . Post that , I need to get my MB points below 100 to transfer any additional ER points that I might receive in future via pending sources or grabdeals .

Please correct me if I am wrong
Click to expand...
As long as the Magnus Burgundy is showing zero balance ( you will get this MB bucket in Edge Reward screen in a day or two) , then you can transfer any number of points in the regular ER bucket ( at 5:4 ratio) without worrying about the balance there . Try to empty it out as much as possible now , before using the new upgraded card , to avoid problems in transfer later.

If you start spending using new Magnus card then points will start appearing there in BM bucket also. After that You need to make sure the points balance in BM is in multiples of 12 after doing any transfer from that bucket ( transfer should be in multiples of 300 only from BM to avoid issues later) so that it is possible to make it 300 later ( by a small trick) and then empty it , so that if you get any additional ER points ( for old magnus/debit card /milestones etc) later then you transfer them also at 5:4. But if you get AEP points by the middle of December and BM balance is an odd number, then it will be a little difficult. But in sometime future there will be an option to select the source bucket to transfer ER points , with different ratios.
 
Last edited:
Upvote 0 Downvote
Harry1 said:
Check ur edge reward history, if MB points is from last few transactions, then earn more MB points and get it above 300 and do multiple transactions of 300. MB will never go 0 in this case.

If MB points is from initial few travsaction, redeem 500 points as pvr or any other voucher in 5:1 ratio. That should get MB to zero.
Click to expand...
I am getting both edge reward points and MB points.. so sometimes is the edge reward points which is the last earned points and sometimes its MB points... But I do get your point.. once I activated magnus card, the existing edge reward points only got converted by 5:4 ratio.. once I started earning or perhaps started converting MB points after that any earned edge reward point remains in that bucket only..
 
Upvote 0 Downvote
Harry1 said:
I am waiting for 50% Accor bonus offer like last year, otherwise I would have transferred before August only😅.

As far as points are concerned, you just to fight with customer care to get the conversion ratio right.

ALL - Accor Live Limitless | Hotels Stays & Exclusive Deals

Discover the ultimate hotel experience with ALL - Accor Live Limitless. Explore our global portfolio of exceptional hotels and resorts, enjoy exclusive member benefits, and earn rewards with every stay.
all.accor.com all.accor.com
Click to expand...
Still no bonus points offer for Accor 😔. Anyone have any insider info if it will come or not any time soon?
 
Upvote 0 Downvote
sahil624 said:
Hi all, is it possible to open Burgundy account with 2 lac plus salary? I am getting contradictory answer from Customer care executives and branch.
Click to expand...
Yes but this depends on your employer Tier. e.g. I work with Tech Mahindra and they are rated as Tier 1 in AXIS Bank and they have offered me Salary Burgandy account. I am yet to apply as I was exploring few more options - SC, ICICI, Indusind etc. Now I am more inclined towards Burgandy and will apply soon. RM has already shared account opening link and entire process is online.
 
Upvote 0 Downvote
viru5678 said:
Yes but this depends on your employer Tier. e.g. I work with Tech Mahindra and they are rated as Tier 1 in AXIS Bank and they have offered me Salary Burgandy account. I am yet to apply as I was exploring few more options - SC, ICICI, Indusind etc. Now I am more inclined towards Burgandy and will apply soon. RM has already shared account opening link and entire process is online.
Click to expand...
Axis has the worst support, just in case you are not aware.
 
Upvote 0 Downvote
My Burgundy RM is pushing me to take a Max Life high growth fund ulip , says it's better than old ulips ( when I said I don't like ulips 😏 ).

Anyone has any ideas about this fund ?

BTW I've ample input in SIP so I'm looking for something to tackle 80C ( ppf vs this ulip )
 
Upvote 0 Downvote
viru5678 said:
Yes but this depends on your employer Tier. e.g. I work with Tech Mahindra and they are rated as Tier 1 in AXIS Bank and they have offered me Salary Burgandy account. I am yet to apply as I was exploring few more options - SC, ICICI, Indusind etc. Now I am more inclined towards Burgandy and will apply soon. RM has already shared account opening link and entire process is online.
Click to expand...
Thanks for this. But where can I get this info? Branch people are clueless and Customer Care executives are denying that Burgundy can be opened with 2 lac salary.
 
Upvote 0 Downvote
palvannan said:
As long as the Magnus Burgundy is showing zero balance ( you will get this MB bucket in Edge Reward screen in a day or two) , then you can transfer any number of points in the regular ER bucket ( at 5:4 ratio) without worrying about the balance there . Try to empty it out as much as possible now , before using the new upgraded card , to avoid problems in transfer later.

If you start spending using new Magnus card then points will start appearing there in BM bucket also. After that You need to make sure the points balance in BM is in multiples of 12 after doing any transfer from that bucket ( transfer should be in multiples of 300 only from BM to avoid issues later) so that it is possible to make it 300 later ( by a small trick) and then empty it , so that if you get any additional ER points ( for old magnus/debit card /milestones etc) later then you transfer them also at 5:4. But if you get AEP points by the middle of December and BM balance is an odd number, then it will be a little difficult. But in sometime future there will be an option to select the source bucket to transfer ER points , with different ratios.
Click to expand...
Received the card today . Please suggest if I should unbox the card or not ?
 
Upvote 0 Downvote
You must log in or register to reply here.

Similar threads

bugmenot
  • Question Question
Axis Magnus Magnus, Reserve & Other Axis Bank Credit Cards | Devaluation w.e.f. 1st Sep 2023.
421 422 423
Replies
8K
Views
669K
drsel
drsel
Back
Top