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

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bugmenot

bugmenot

TF Legend
-- 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


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


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

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

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
 

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Riva said:
Can someone please confirm if domestic lounge guest access on M4B card requires the card owner to be present?
If not, how can one give guest access to a family members?
Click to expand...
Usually cardholder should be physically present ,it depends on the receptionist but mostly it mandatory

Otherwise give add on card to your family members in their name
 
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Swastik said:
Usually cardholder should be physically present ,it depends on the receptionist but mostly it mandatory

Otherwise give add on card to your family members in their name
Click to expand...

It is mandatory for the cardholder to be present. Most lounges grant access to guests by using someone else's spare cards with FREE lounge access rather than paying for the guest. Needless to say (or maybe it is actually needed) this is against the conditions of their partnerships/deals ie. Priority Pass and the banks themselves. The lounges do it because it's a lot of additional money for them and anyway most people wouldn't pay for a lounge (the quality is usually pretty bad in most domestic lounges anyhow, moreso with the overcrowding), and lounges found their gold mine in abusing and breaching their contractual terms to enrich themselves and also pleases the common user who wants free buffet for their whole family.
 
Upvote 0 Downvote
gurbina said:
It is mandatory for the cardholder to be present. Most lounges grant access to guests by using someone else's spare cards with FREE lounge access rather than paying for the guest. Needless to say (or maybe it is actually needed) this is against the conditions of their partnerships/deals ie. Priority Pass and the banks themselves. The lounges do it because it's a lot of additional money for them and anyway most people wouldn't pay for a lounge (the quality is pretty bad in most anyhow, moreso with the overcrowding), and lounges found their gold mine in abusing and breaching their contractual terms to enrich themselves and also pleases the common user who wants free buffet for their whole family.
Click to expand...

Yup ,all true

But things are quite different overseas, i had to use my Magnus Priority Pass Guest visit to get one of my family members into Turkish Lounge at Miami and Marhaba Lounge at Dubai last year ,the lounge agent wouldn't budge on putting a visit on my RBL World Safari Priority Pass, they match name on card and boarding pass very strictly
 
Upvote 0 Downvote
Swastik said:
Yup ,all true

But things are quite different overseas, i had to use my Magnus Priority Pass Guest visit to get one of my family members into Turkish Lounge at Miami and Marhaba Lounge at Dubai last year ,the lounge agent wouldn't budge on putting a visit on my RBL World Safari Priority Pass, they match name on card and boarding pass very strictly
Click to expand...
Not sure about RBL but no Indian bank tends to have direct partnerships with any lounges outside India so you need to use the Priority Pass/Lounge Key/etc that came with your card for any international lounge usage.

The exception is some multinational banks which already have a long standing relationship with larger chains like Plaza Premium and sometimes they extend the partnership across several countries where the bank operates and accept their card as a way to access their lounge rather than something like Priority Pass/Lounge Key which is more expensive for them to operate.

But I am not aware of any card like this in India for international lounge access except for AMEX with their own lounge, the Escape lounges and Delta lounges when flying Delta.
 
Upvote 0 Downvote
Swastik said:
Yup ,all true

But things are quite different overseas, i had to use my Magnus Priority Pass Guest visit to get one of my family members into Turkish Lounge at Miami and Marhaba Lounge at Dubai last year ,the lounge agent wouldn't budge on putting a visit on my RBL World Safari Priority Pass, they match name on card and boarding pass very strictly
Click to expand...

Yes, quite true for international lounges. Even I had to show Priority Pass and they verified it with my ID (Passport) and boarding pass.
For domestic iv never actually used a guest access and I usually end up at the airport just in time to board so I skip the lounges altogether.
 
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