Question About Select Card and Burgundy Account

[gg123]

So, I was looking into applying for Magnus card but now thinking otherwise. and recently I got to know that having a burgundy account gives you 5:4 rates for transfer partners.

So If I open a burgundy account with 5L initial funding and maintain 10 QAB and get Select card. would I be able to get 5:4 rates on the points I earn from select card?

 

[Trust Me]

... recently I got to know that having a burgundy account gives you 5:4 rates for transfer partners.

AFAIK, this information is incorrect. What was your source of information?

 

[Dragon_slayer]

No, select cards have 10:1 transfer ratio. AFAIK.

 

[SSG04]

No, select cards have 10:1 transfer ratio. AFAIK.

Yes, that's correct. I have Select and can confirm this.

 

[golu]

So, I was looking into applying for Magnus card but now thinking otherwise. and recently I got to know that having a burgundy account gives you 5:4 rates for transfer partners.

So If I open a burgundy account with 5L initial funding and maintain 10 QAB and get Select card. would I be able to get 5:4 rates on the points I earn from select card?

5:4 reward ratio will only be applicable for new magnus cards owners having a burgundy account.

 

[drsel]

5:4 reward ratio will only be applicable for new magnus cards owners having a burgundy account.

Both old and new Magnus will get 5:4 if they open a plain Burgundy savings account

 

[golu]

Both old and new Magnus will get 5:4 if they open a plain Burgundy savings account

Old card will be replaced with new card.

 

[simplegarv]

So, I was looking into applying for Magnus card but now thinking otherwise. and recently I got to know that having a burgundy account gives you 5:4 rates for transfer partners.

So If I open a burgundy account with 5L initial funding and maintain 10 QAB and get Select card. would I be able to get 5:4 rates on the points I earn from select card?

No, Select is on 5:1 transfer ratio. Only Magnus points will be transferred at 5:4.

 

[CC-Muncher]

will select be LTF even if burgundy relation is not maintained in the future?

No, Select is on 5:1 transfer ratio. Only Magnus points will be transferred at 5:4.

 

[gg123]

will select be LTF even if burgundy relation is not maintained in the future?

The official Doc says it will be chargable. But In this community we have seen a couple of people saying the charges aren't there

 

[Aryan Malhotra]

will select be LTF even if burgundy relation is not maintained in the future?

It will be LTF just check 0 joining and annual fees while applying

 

[CC-Muncher]

Agent told that there is no Cibil hit for existing customers applying for select. Is it true for others who applied?

 

[Aryan Malhotra]

Agent told that there is no Cibil hit for existing customers applying for select. Is it true for others who applied?

It will appear in cibil report if you apply offline

 

[golu]

Agent told that there is no Cibil hit for existing customers applying for select. Is it true for others who applied?

There will be a cibil enquiry if you apply online or offline for select.
No cibil enquiry if you upgrade your existing card to LTF select card.

 

[Trust Me]

will select be LTF even if burgundy relation is not maintained in the future?

The Select T&C clearly specifies that it is free for Burgundy customers. Otherwise it is chargeable (3k+GST).

 

[CC-Muncher]

So now for burgundy holders select and magnus both are LTF

 

[drsel]

So now for burgundy holders select and magnus both are LTF

Subject to the maximum of three Axis cards per customer

 

[Dragon_slayer]

So now for burgundy holders select and magnus both are LTF

Yes, support told me that Select remains LTF for Burgundy for now.

 

[drsel]

Yes, support told me that Select remains LTF for Burgundy for now.

It is lifetime free only for those who have less than 3 cards.
I am Burgundy but I already have three cards, so I cannot get it.
I have tried

 

[Dragon_slayer]

It is lifetime free only for those who have less than 3 cards.
I am Burgundy but I already have three cards, so I cannot get it.
I have tried

Thats the general rule of Axis, they dont give more than 3 cards. Its not related to Burgundy, you can close any card and then get Select card Or ask your RM for special approval for 4th card.