Axis Magnus Axis Magnus (Burgundy)- Income or C2C Criteria for new application?

[Rishabh]

Hello Folks,

I wanted to apply for Magnus for Burgundy credit card based on True Burgundy relationship but wanted to check the income criteria/C2C Limit basis eligibility criteria needed for the same.

I already had 3 cards so got the Select card closed to apply for Magnus.
On the website, for Magnus currently it says 24lac annual salary, but any idea on C2C basis what's the limit required on other bank card?

Also if we apply via C2C basis, any income documents still asked by bank to submit? And can we apply it online on C2C basis with any income input in Annual income?

 

[D₹V]

Check pre approved offer since you have Axis account 😁

 

[D₹V]

Min. 3 lac limit on existing card will make you eligible for magnus, but don't know about Burgundy.

Should be same.

 

[Rishabh]

Check pre approved offer since you have Axis account 😁

No pre-approved offer for Magnus, only upgrade offer to Select on other two cards in-spite of already having Select

 

[Rishabh]

Min. 3 lac limit on existing card will make you eligible for magnus, but don't know about Burgundy.

Should be same.

For old Magnus it was 18lpa salary or 4lac Credit limit for C2C. Will get to know from bank executive tomorrow on revised eligibility for Burgundy.

 

[D₹V]

For old Magnus it was 18lpa salary or 4lac Credit limit for C2C. Will get to know from bank executive tomorrow on revised eligibility for Burgundy.

Let's see. Keep us posted.

@Tejo might add in this thread.

 

[Tejo]

Let's see. Keep us posted.

@Tejo might add in this thread.

Magnus useless without burgundy.

Uziaul dada bhi card close karra.

Mera pas Uthna paisa tho trading Kartha hu, axis ko nhi dhunga.

 

[Tejo]

For old Magnus it was 18lpa salary or 4lac Credit limit for C2C. Will get to know from bank executive tomorrow on revised eligibility for Burgundy.

Same criteria only.

 

[Rishabh]

Same criteria only.

C2C limit revised from Sept 1st onwards for Burgundy Magnus card, 4lac limit on C2C basis will not work that is confirmed by the bank person.

 

[ayman]

C2C limit revised from Sept 1st onwards for Burgundy Magnus card, 4lac limit on C2C basis will not work that is confirmed by the bank person.

So what is the limit for C2C Magnus burgundy or we can't get it though C2C?

 

[Rishabh]

Finally applied for Magnus Burgundy credit card today (new card application with no existing Magnus) on basis of AQB criteria via C2C basis. Provided OGS for August since September one not received yet.

New criteria to apply Magnus Burgundy via C2C now requires minimum 10lac Credit Limit on other bank credit card and it shall be minimum 1 year old with minimum 40% credit limit available in the latest statement as per the agent who processed the application.
But again it might vary agent to agent in case if no clear guideline from bank to them.

Will share updates on the application as it progress.

 

[Rishabh]

So what is the limit for C2C Magnus burgundy or we can't get it though C2C?

Minimum 10lac for C2C.

 

[Riva]

Finally applied for Magnus Burgundy credit card today (new card application with no existing Magnus) on basis of AQB criteria via C2C basis. Provided OGS for August since September one not received yet.

New criteria to apply Magnus Burgundy via C2C now requires minimum 10lac Credit Limit on other bank credit card and it shall be minimum 1 year old with minimum 40% credit limit available in the latest statement as per the agent who processed the application.
But again it might vary agent to agent in case if no clear guideline from bank to them.

Will share updates on the application as it progress.

So no salary slip or ITR was asked?
Also did you apply through an agent or at an Axis Branch?

 

[Rishabh]

So no salary slip or ITR was asked?
Also did you apply through an agent or at an Axis Branch?

No income docs since I applied via C2C basis. Applied through agent but process was initiated through RM.

 

[Rishabh]

Finally applied for Magnus Burgundy credit card today (new card application with no existing Magnus) on basis of AQB criteria via C2C basis. Provided OGS for August since September one not received yet.

New criteria to apply Magnus Burgundy via C2C now requires minimum 10lac Credit Limit on other bank credit card and it shall be minimum 1 year old with minimum 40% credit limit available in the latest statement as per the agent who processed the application.
But again it might vary agent to agent in case if no clear guideline from bank to them.

Will share updates on the application as it progress.

Current update received from bank agent who has applied: -

Application currently on hold; Remarks: Not meeting TRV Criteria of 30L. Required OGS for September.

Don't know what axis is doing, I am getting feeling that bank will not be issuing card on basis of only AQB criteria. I have applied card based on AQB criteria since July onwards being old Burgundy account holder.
Chasing RM to get clarity and help in getting application processed. Shared OGS for September today to attach with application.

Will share further updates.

 

[PiperatGatesofDawn]

Has anyone signed up for a new Burgundy account and got 5:4 on Magnus?

 

[Rishabh]

Finally MAGNUS BURGUNDY Card approved after 23 days since application via meeting AQB criteria only, no 30l NRV needed.

Journey:-
4th Oct - Applied via Agent using August OGS(Sept OGS not generated) & other bank card statement for C2C criteria (minimum 10lac limit asked for C2C)
7th Oct- Submitted September OGS
14th Oct - Application put on Hold
21st Oct - Agent re-submitted Sept OGS
23rd Oct - CIBIL Enquiry made by Axis
24th Oct - Dropped email to Burgundy Email address for card approval
27th Oct - Card started visible under Netbanking/Mobile app
28th Oct - Approved SMS/Email received

Now waiting for card to be dispatched. Feels like a long battle won, was confident enough to get it due to assurance given by Agent since Day 1 for eligibility based on AQB criteria as well.

So anyone still having doubts - 30l NRV is not required to get this card.
Also I have Burgundy account since last 2 years & minimum AQB balance maintained since July onwards at individual account Level.

 

[girish3456]

No income docs since I applied via C2C basis. Applied through agent but process was initiated through RM.

Is it LTF Magnus for Burgundy you got it under c2c

 

[Rishabh]

Is it LTF Magnus for Burgundy you got it under c2c

Yes. C2C for eligibility and LTF based on True Burgundy relationship.

 

[girish3456]

Yes. C2C for eligibility and LTF based on True Burgundy relationship.

I don't have any prior relationship with Axis Bank but have HDFC DCB credit card and IDFC First Wealth credit card. Can I get Magnus for Burgundy cc on C2C ltf