Updated key fact sheet which includes Magnus for Burgundy

[CMGCMG is verified member.]

Key fact sheet which includes Magnus for Burgundy

MAGNUS for Burgundy - Applicable only for Burgundy customers maintaining the requisite individual Burgundy relationship

 

[Harry1]

Caching issue.

Lol even for accor 10:1 in mgtc everyone was saying caching issue, but in the end it turned out to be fake.

 

[CMGCMG is verified member.]

Lol even for accor 10:1 in mgtc everyone was saying caching issue, but in the end it turned out to be fake.

I think they swapped that before going live everywhere. This I am getting without VPN too.

 

[Harry1]

I think they swapped that before going live everywhere. This I am getting without VPN too.

I am not getting it even in incognito mode. Same as mgtc one.

 

[shrewdoc]

Lol 🤣


Btw, this is not something I took from somewhere. I downloaded it from Axis Bank website.

If you know how to use curl, you can run this command to get the latest one(hopefully)

curl -H 'Cache-Control: no-cache, no-store'  -o key_fact_sheet_axis_bank_cc2.pdf https://www.axisbank.com/docs/default-source/default-document-library/sosc-credit-cards.pdf\?asa\=sdd

Sir, the photo is from your pdf only. 😄

 

[CMGCMG is verified member.]

I am not getting it even in incognito mode. Same as mgtc one.

View attachment Capture 2023-09-20_16-43-29_.mov
Try after a few hours.

 

[CMGCMG is verified member.]

Sir, the photo is from your pdf only. 😄

I know. They didn't update the date.

 

[Thomas244]

Transfer rate would be 5:4 with Burgundy, right?

Yes 5:4

Thank you for writing to Axis Bank.



This is with reference to your e-mail dated 20/09/2023, we understand that, you are being unable to avail of the special offering on points conversion ratio of 5:4 for your Credit Card number.



We would like to inform you that, we are in process of announcing the special Magnus offer for Burgundy customers. We shall be writing to you shortly with the process to avail the benefit. Till then we request your cooperation on the same.



Eligible customers will be able to upgrade their existing Magnus to new magnus with 5:4 miles conversion ratio. To be eligible for new version, customer has to have burgundy eligible status as defined below:



Burgundy relationship eligibility criteria, calculated at a Customer ID level:



• Maintenance of an Average Quarterly Balance of INR 10,00,000 in the Savings Account, OR



• Maintenance of an Average Quarterly Balance of INR 10,00,000 across Savings Accounts and Current Accounts, OR



• Maintenance of a minimum Total Relationship Value(TRV) of INR 30,00,000

 

[Thomas244]

So in summary from what I can gather from techfino Twitter etc I may be wrong
burgundy shud be opened after sept 1 and it’s LTF subject to maintaining trv
5:4 ratio
cust id level burgundy trv no mention of family now(omitted in today’s email)
special offering has vanished- is it to open burgundy or is it when we get new Magnus burgundy card I don’t know

 

[004archit]

When can we see 5:4 conversion and this is for true burgundy?

 

[Harry1]

So in summary from what I can gather from techfino Twitter etc I may be wrong
burgundy shud be opened after sept 1 and it’s LTF subject to maintaining trv
5:4 ratio
cust id level burgundy trv no mention of family now(omitted in today’s email)
special offering has vanished- is it to open burgundy or is it when we get new Magnus burgundy card I don’t know

Welcome voucher of 5000 is mentioned clearly in magnus welcome benefits pdf on official site for burgundy customers.

 

[Thomas244]

Welcome voucher of 5000 is mentioned clearly in magnus welcome benefits pdf on official site for burgundy customers.

So is it for the card and not for opening burgundy, so can we proceed to open burgundy then wait for card announcements

 

[Deleted member 11974]

Yes 5:4

Thank you for writing to Axis Bank.



This is with reference to your e-mail dated 20/09/2023, we understand that, you are being unable to avail of the special offering on points conversion ratio of 5:4 for your Credit Card number.



We would like to inform you that, we are in process of announcing the special Magnus offer for Burgundy customers. We shall be writing to you shortly with the process to avail the benefit. Till then we request your cooperation on the same.



Eligible customers will be able to upgrade their existing Magnus to new magnus with 5:4 miles conversion ratio. To be eligible for new version, customer has to have burgundy eligible status as defined below:



Burgundy relationship eligibility criteria, calculated at a Customer ID level:



• Maintenance of an Average Quarterly Balance of INR 10,00,000 in the Savings Account, OR



• Maintenance of an Average Quarterly Balance of INR 10,00,000 across Savings Accounts and Current Accounts, OR



• Maintenance of a minimum Total Relationship Value(TRV) of INR 30,00,000

are they not going to consider net salary credit of 3 L ?

 

[shashank08]

are they not going to consider net salary credit of 3 L ?

Bhai confusion he confusion hai.. solution kuch pata ni..
Axis Magnus T&C now days are like that only..

 

[Thomas244]

are they not going to consider net salary credit of 3 L ?

Sorry I have added to the confusion it’s there

Maintenance of an Average Quarterly Balance of INR 10,00,000 in the Savings Account, OR

• Maintenance of an Average Quarterly Balance of INR 10,00,000 across Savings Accounts and Current Accounts, OR


• Maintenance of a minimum Total Relationship Value(TRV) of INR 30,00,000, OR

• Maintenance of a minimum Total Relationship Value(TRV) of INR 1,00,00,000, which includes Demat holdings, OR

• 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

• 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)

• Each member of the family id should be individually eligible basis cust ID to avail Magnus credit card

We request you to hold the redemption till the announcement is done.



We would appreciate your understanding in this matter.



Your patience and co-operation are highly appreciated.

 

[Harry1]

Sorry I have added to the confusion it’s there

Maintenance of an Average Quarterly Balance of INR 10,00,000 in the Savings Account, OR

• Maintenance of an Average Quarterly Balance of INR 10,00,000 across Savings Accounts and Current Accounts, OR


• Maintenance of a minimum Total Relationship Value(TRV) of INR 30,00,000, OR

• Maintenance of a minimum Total Relationship Value(TRV) of INR 1,00,00,000, which includes Demat holdings, OR

• 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

• 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)

• Each member of the family id should be individually eligible basis cust ID to avail Magnus credit card

We request you to hold the redemption till the announcement is done.



We would appreciate your understanding in this matter.



Your patience and co-operation are highly appreciated.

Some twitter people have added even more confusion that old burgundy customers (opened before 1st September) are not eligible for Magnus burgundy 🤣. Pretty sure this can't be true.

 

[R@J]

Lol 🤣


Btw, this is not something I took from somewhere. I downloaded it from Axis Bank website.

If you know how to use curl, you can run this command to get the latest one(hopefully)

curl -H 'Cache-Control: no-cache, no-store'  -o key_fact_sheet_axis_bank_cc2.pdf https://www.axisbank.com/docs/default-source/default-document-library/sosc-credit-cards.pdf\?asa\=sdd

Can find out directly at this link - https://www.axisbank.com/docs/default-source/default-document-library/sosc-credit-cards.pdf

and yes, Axis people were sleeping while writing the "date of last update"

 

[NikTravelEnthusiast]

with paid magnus reward rate is 5:2 if i am not wrong

Yes, you are correct.

I wish Paid magnus could give 5:3. Then only its worth to pay Annual fee.

 

[CMGCMG is verified member.]

Yes, you are correct.

I wish Paid magnus could give 5:3. Then only its worth to pay Annual fee.

Reserve is at 5:2

 

[NikTravelEnthusiast]

Transfer rate would be 5:4 with Burgundy, right?

Yes. In my view, paying 10 L to get 5:4 and LTF Magnus is a huge task.

 

[Harry1]

Can find out directly at this link - https://www.axisbank.com/docs/default-source/default-document-library/sosc-credit-cards.pdf

and yes, Axis people were sleeping while writing the "date of last update"

This link is working properly.