Axis Magnus Magnus, Reserve & Other Axis Bank Credit Cards | Devaluation w.e.f. 1st Sep 2023.

[bugmenot]

-- 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 Miles/Rewards Transfer Program - https://www.axisbank.com/docs/defau...les-rewards-transfer-terms-and-conditions.pdf

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Update: 2nd August

MyZone - https://www.axisbank.com/docs/default-source/default-document-library/credit-cards/mztc.pdf
Privilege - https://www.axisbank.com/docs/default-source/default-document-library/credit-cards/pvtc.pdf
Select - https://www.axisbank.com/docs/default-source/default-document-library/credit-cards/sltc.pdf
Ace - https://www.axisbank.com/docs/default-source/default-document-library/credit-cards/actc.pdf

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Magnus devaluation highlights

1. Revision in welcome benefits, which are more or less matching with the leaked screenshots
2. Change in annual fee - ₹12,500 + GST
3. No more renewal benefit
4. Spend criteria for fee waiver is now double - 25L
5. Exclusion of government institutions and utilities MCCs for earning ERs
6. RIP 25,000ER/1L milestone benefit
7. Revised transfer ratio of 5:2
8. 5L ER points cap for transfer
9. Burgundy account scheme

Reserve devaluation highlights

1. Spend criteria for fee waiver is revised to 35L
2. Exclusion of government institutions and utilities MCCs for earning ERs
3. Revised transfer ratio of 5:2
4. 5L ER points cap for transfer
5. Burgundy private account scheme

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Aap Chronology Samajiye

• 📄 Few leaked screenshots of PDF started floating for Magnus and Reserve having potential devaulation
• 🐦Few folks on Twitter acknowledged the upcoming devaulation by contacting their RMs or insiders from CC department
• 🎧 Customer Care team were like "Whot Daa Phaak" is going on. They were unaware about these news, some were saying yes and some no
• 😡 Outrage | Speculation | Twitter Space | Points Transfer Tricks
• ✋ Then rumour mills started about devaulation being on hold
• 🔗 Official links of devaulation PDF started popping but "Darling of Cards" was missing
• 🔌 Axis pulled the plug and links started showing "404 - Not Found" except for unlucky Flipkart card
• 💣 BOMB - Axis Gift Edge devaulation
• 📩 Mass credit card cancellation and notice seeking clarification regarding commercial transactions
• 📉 Official PDF of Magnus and Reserve released
• 📉 Official PDF of MyZone, Privilege, Select and Ace released

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1. Flipkart - https://axisbank.com/docs/default-s...flipkart-credit-card-terms-and-conditions.pdf

Below given links are not opening now as they have been removed. You may check attached PDFs.

2. Reserve - https://axisbank.com/docs/default-s...-reserve-credit-card-terms-and-conditions.pdf
3. Select - https://axisbank.com/docs/default-s...k-select-credit-card-terms-and-conditions.pdf
4. Privilege - https://axisbank.com/docs/default-s...rivilege-credit-card-terms-and-conditions.pdf
5. MyZone - https://www.axisbank.com/docs/defau...-my-zone-credit-card-terms-and-conditions.pdf

By following the format, it is quite easy to create Magnus link, which could be https://axisbank.com/docs/default-source/default-document-library/credit-cards/axis-bank-magnus-credit-card-terms-and-conditions.pdf

 

[CARDBITRAGE]

Recent events will just shine a BIG spotlight on the much-awaited Infinia Reserve. But it will remain very exclusive. Probably very high ITR(>50LPA) or a very high limit and spend history on Infinia. XD

 

[1RC]

Everyone I just found an amazing new card! The NEW METAL MAGNUS - ALL BLACK SO SWAG. It also comes Lifetime Free. For them you can apply via NINJA mode (No Income No Job & Asset) 🙃

 

[neogen]

Recent events will just shine a BIG spotlight on the much-awaited Infinia Reserve. But it will remain very exclusive. Probably very high ITR(>50LPA) or a very high limit and spend history on Infinia. XD

On hindsight, we should rather thank Axis Bank for bringing the sanity back to credit card system in India. Good job Axis Bank.

 

[mojo_jojo123]

Guys what best can be done on existing points .. I managed to get only 25k points so far ( new to magnus ) .. what is the best transfer for these before 12th August .. Vistara or Accor hotels ?

 

[neogen]

Guys what best can be done on existing points .. I managed to get only 25k points so far ( new to magnus ) .. what is the best transfer for these before 12th August .. Vistara or Accor hotels ?

Transfer where you already have some points to bunch them together for better redemption.

 

[mojo_jojo123]

Transfer where you already have some points to bunch them together for better redemption.

I was planning euro trip in future after collecting 3-4L points ... now looks like its gone ..

 

[mojo_jojo123]

Everyone I just found an amazing new card! The NEW METAL MAGNUS - ALL BLACK SO SWAG. It also comes Lifetime Free. For them you can apply via NINJA mode (No Income No Job & Asset) 🙃

is one card good ?

 

[1RC]

is one card good ?

No clue. I just saw this ad on Amazon.

 

[Walter White]

is one card good ?

OneCard is an i10 being marketed as a Ferrari. It's an entry level card so no high expectations. Apart from low forex markup and some occasional offers on Swiggy and Zomato, not of much use. Reward rate is pathetic as well. Metal is the USP of this card. Can also be used to rub back at times. 😛

 

[Slayer]

Everyone I just found an amazing new card! The NEW METAL MAGNUS - ALL BLACK SO SWAG. It also comes Lifetime Free. For them you can apply via NINJA mode (No Income No Job & Asset) 🙃

He took the word NEET and made an Indian version of it 🫡 🫡

 

[Slayer]

OneCard is an i10 being marketed as a Ferrari. It's an entry level card so no high expectations. Apart from low forex markup amd some occasional offers on Swiggy and Zomato, not of much use. Reward rate is pathetic as well. Metal is the USP of this card. Can also be used to rub back at times. 😛

Bookmyshow 100 rupis off gets applied on booking of one ticket unlike many other BOGO offers

 

[CMG]

I was planning euro trip in future after collecting 3-4L points ... now looks like its gone ..

Transfer to Accor/itc for stay in Goa

Or transfer it to Accor for stay in south east Asia

 

[Harry1]

Bookmyshow 100 rupis off gets applied on booking of one ticket unlike many other BOGO offers

How? I just tried, but it said 2 tickets required.

 

[Walter White]

I was planning euro trip in future after collecting 3-4L points ... now looks like its gone ..

Ab Paris ki jegah Prayagyaj jaana padega 😅

 

[mojo_jojo123]

OneCard is an i10 being marketed as a Ferrari. It's an entry level card so no high expectations. Apart from low forex markup and some occasional offers on Swiggy and Zomato, not of much use. Reward rate is pathetic as well. Metal is the USP of this card. Can also be used to rub back at times. 😛

yes rub back .. or wipe out sweat ..

 

[Walter White]

yes rub back .. or wipe out sweat ..

Kaafi use case create kar sakte hai 😅

 

[jack333]

Kaafi use case create kar sakte hai 😅

Or to cut the dope like walter white 🤣

 

[venkateshr]

Yo

I was planning euro trip in future after collecting 3-4L points ... now looks like its gone ..

If you have points you can transfer to United. They have decent redemption options out of India to Europe - though Turkish may be cheaper if you can get the seat.

 

[ALOAK]

Recent events will just shine a BIG spotlight on the much-awaited Infinia Reserve. But it will remain very exclusive. Probably very high ITR(>50LPA) or a very high limit and spend history on Infinia. XD

Even for infinia reserve you will find jugaad to get ltf or fyf and even this card will get devalued after 2 or 3 yrs. Those who get it first make merry and last ones get trapped. What ever you do for commission anything can happen. You can't stop a backend team colluding with agency or branches colluding with cards team or agents. Just like how human resource team of all companies can't keep their hands clean and one must have observed they readily accept consultants candidate and rarely a good candidate referred by employee as company needs to pay whereas consultants share the funds which even VP of Hr are involved story same.

 

[phagocyte536]

I transferred all existing points to accor (new magnus user, so had about 25k).. i have pending may, June milestone benefits + 50k of accelerated ER pending. Was hoping to use everything on Accor for my planned eurotrip in October. My wife was so excited about getting free stays when she finally understood the wholw ER game ( she found the whole thing too complex before the eurotrip planning ).

Idk if axis is going to honor 5:4 for the pending points, don't have much hope to be honest.