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

 

[ketz1981]

Best u transfer to Qatar Airways or Turkish Airlines. Between these two for Dubai, best is Qatar and best part is Qatar operating its first class seats to Dubai, n yes u can book that via miles. and book in advance for these miles tickets u will get btr deals with Qatar.

The only problem with Turkish is for booking multiple tickets. I doubt that it can be done on the website directly even after adding a family member as a co-traveller in your profile.

 

[Viper]

It actually depends if u r ok with economy tickets then yes.
As I told previously also, it’s very easy to get offers on Turkish airlines, around 20,000 Miles ( not ER points ) will get u one way economy tickets from Delhi or Mumbai to European countries.

That's my concern. Most of the good offers for Europe travel is mainly from Mumbai or Delhi.. hardly get many from Bangalore. Even the Vistara network is limited for Bangalore. And I perfectly fine with economy tickets l.

Will check krisflyer to check options. I was looking for flight tickets to any South Asian country for 2 adults and 1 kid.. can pay the shortfall with cash/card. Even Srilanka is fine

 

[chocochoco]

The only problem with Turkish is for booking multiple tickets. I doubt that it can be done on the website directly even after adding a family member as a co-traveller in your profile.

My wife will kill me if I go on business class alone so its important I am able to book 2 biz class tickets together

So the best option so far for me is Etihad?

 

[saketreddy]

The only problem with Turkish is for booking multiple tickets. I doubt that it can be done on the website directly even after adding a family member as a co-traveller in your profile.

You can call and get tickets issued for account holder and companion under same reference.

 

[Sharjeelshaikh]

Is 40000-45000 edge points enough for a couple of flight seats from Bangalore (to outside India)? I don't think so, but want to get a confirmation.. if not, planning to put these in accor and enjoy a few days off in Goa.?

Any other suggestions?
Note: got Magnus in May end.

Club vistara 40000 mei hojayega return Muscat Maldives return .

 

[pate]

That's my concern. Most of the good offers for Europe travel is mainly from Mumbai or Delhi.. hardly get many from Bangalore. Even the Vistara network is limited for Bangalore. And I perfectly fine with economy tickets l.

Will check krisflyer to check options. I was looking for flight tickets to any South Asian country for 2 adults and 1 kid.. can pay the shortfall with cash/card. Even Srilanka is fine

15K for Sri Lanka return flight from BOM via JAL + 7k taxes

 

[pate]

15K for Sri Lanka return flight from BOM via JAL + 7k taxes

23K for BKK return + 4K
23K for MLE return + 7K

 

[bigbrain]

15K for Sri Lanka return flight from BOM via JAL + 7k taxes

I booked flight from BLR to CMB (Colombo) at 13k. Not worth spending 15 to 20k and also pay tax of 4k+. I booked an Indigo about 45 days in advance.

 

[Stevie G]

Guys, i am interested in buying points....If anyone is looking to sell, please DM me ..we can discuss

 

[vikramsrit]

Was looking at excluded services from earning reward points and milestone benefits on Magnus. The following is excluded:

• Wallet Loads
• Rent
• Telephone bill payments
• Internet bill payments
• TV (DTH) Recharges and bill payments
• Electricity, Gas and Water bill payments
• Fine related payments
• Tax Payments
• Any other government services

Essentially all our needs are excluded. Axis just wants us to spend on movies, shopping and travel. Just trying to understand how can someone (an average Joe like me) spend 25L in a year with all these exclusions? Even with 1-2 foreign trips with family in a year, this looks like a difficult feat. And no renewal benefits add a literally shitty topping.

 

[Stevie G]

Was looking at excluded services from earning reward points and milestone benefits on Magnus. The following is excluded:

• Wallet Loads
• Rent
• Insurance sale, Underwriting and Premiums
• Insurance Premiums
• Telephone bill payments
• Internet bill payments
• TV (DTH) Recharges and bill payments
• Electricity, Gas and Water bill payments
• Fine related payments
• Tax Payments
• Any other government services

Essentially all our needs are excluded. Axis just wants us to spend on movies, shopping and travel. Just trying to understand how can someone (an average Joe like me) spend 25L in a year with all these exclusions? Even with 1-2 foreign trips with family in a year, this looks like a difficult feat. And no renewal benefits add a literally shitty topping.

what about College fees payment??? Is it excluded too from September???

 

[vikramsrit]

what about College fees payment??? Is it excluded too from September???

It depends on how you plan to pay that and the corresponding merchant category code.

 

[R@J]

Has anyone got the monthly credits for July spends? It was to come in ER account by 10th Aug! Not sure, if axis is being proactive this time or not!

 

[Tirajat]

Has anyone got the monthly credits for July spends? It was to come in ER account by 10th Aug! Not sure, if axis is being proactive this time or not!

I have. It has also been reported by multiple members on this thread.

 

[Tirajat]

what about College fees payment??? Is it excluded too from September???

Was looking at excluded services from earning reward points and milestone benefits on Magnus. The following is excluded:

• Wallet Loads
• Rent
• Insurance sale, Underwriting and Premiums
• Insurance Premiums
• Telephone bill payments
• Internet bill payments
• TV (DTH) Recharges and bill payments
• Electricity, Gas and Water bill payments
• Fine related payments
• Tax Payments
• Any other government services

Essentially all our needs are excluded. Axis just wants us to spend on movies, shopping and travel. Just trying to understand how can someone (an average Joe like me) spend 25L in a year with all these exclusions? Even with 1-2 foreign trips with family in a year, this looks like a difficult feat. And no renewal benefits add a literally shitty topping.

I think insurance is not excluded from milestone, only the points are capped.

 

[vikramsrit]

I think insurance is not excluded from milestone, only the points are capped.

you are right actually. My mistake. Do you know the capping?

 

[WhoU]

I think insurance is not excluded from milestone, only the points are capped.

Insurance is not excluded starting from September? Are you sure?

 

[sourpai]

Insurance capping is at 6000 ER per month. Upto 1L transaction value

 

[neogen]

waiting for this thread to cross 200 pages 📽️🍿

 

[saumilmadani]

Insurance capping is at 6000 ER per month. Upto 1L transaction value

I guess it is 6000 ER per transaction capping and not per month.