Axis Magnus TnC Updates from 1st Sept 2023

[sahilgulati5]

Monthly milestone benefits of 25,000 EDGE Reward Points on monthly spends of INR 1,00,000 will be discontinued from 1st September 2023. Spends done in August 2023 will be eligible for monthly milestone and 25,000 EDGE Reward Points for eligible customers will be posted within 90 days as per normal time frame

Q. What is the special offering on Magnus?
A. You will have an option to continue to avail 5:4 conversion on Magnus under a special time bound offering by opening a Burgundy account, in conjunction with the credit card terms and conditions, and internal policy of the bank. You can reach out to us after 1st September 2023 to avail the new offering.


Devaluation Confirmed

 

[rayhan12]

Yes, just received it.
No 25k points from 1st SEP.

 

[sgoyal9]

Came here to open a new thread, refreshed to check if others are there. Already numerous threads are opened
🤣

 

[zealsid]

Received Magnus devaluation message, no monthly milestone points, transfer ratio reduced for non Burgundy customers and annual fee increased without any renewal benefit. Time to drop magnus.

 

[sgoyal9]

Waste of time. I tried a few days ago to open a Burgundy Family Account. The cocky RM tells me that all accounts have a MAB of 2.5L regardless of the total MAB of the primary account.

 

[rayhan12]

Thinking to close the Magnus card now.

Any suggestions on which card to apply on C2C basis ?

 

[ansh11]

Monthly milestone benefits of 25,000 EDGE Reward Points on monthly spends of INR 1,00,000 will be discontinued from 1st September 2023. Spends done in August 2023 will be eligible for monthly milestone and 25,000 EDGE Reward Points for eligible customers will be posted within 90 days as per normal time frame

With no monthly milestone, now the card will return 2.4% , down from 24.8% 😢
Bye bye axis!

 

[vaibhav111vaibhav111 is verified member.]

magnus is done.

 

[Sharjeelshaikh]

Received Magnus devaluation message, no monthly milestone points, transfer ratio reduced for non Burgundy customers and annual fee increased without any renewal benefit. Time to drop magnus.

Absolutely

 

[vishnucn]

RIP Magnus

 

[moneydeep]

I have magnus and use it mainly for lounge access and meet and greet.
I don't have Infinia as I cant justify monthly spends as my monthly spends are <1L pm
What's a card I could get for accumulating points for airmiles?

 

[clark_kent]

I have magnus and use it mainly for lounge access and meet and greet.
I don't have Infinia as I cant justify monthly spends as my monthly spends are <1L pm
What's a card I could get for accumulating points for airmiles?

American Express Platinum Travel and MRCC combo.

Axis Atlas is a good option as well.

 

[R@J]

Has anyone received the 25K milestone for July spends?
In the notification, Axis claimed that they would credit the ER by 10th Aug!

 

[m4b]

Has anyone received the 25K milestone for July spends?
In the notification, Axis claimed that they would credit the ER by 10th Aug!

Received on 8th Aug

 

[R@J]

I

Received on 8th Aug

@sambit95 I haven't received it yet. DO they credit it in batches? or shall I check with their CC on why they have not credited!

 

[m4b]

I

@sambit95 I haven't received it yet. DO they credit it in batches? or shall I check with their CC on why they have not credited!

I think all of Magnus users got the July milestone on 8th Aug and saw a lot of tweets as well. Please do contact customer support.

 

[theboogeyman]

American Express Platinum Travel and MRCC combo.

Axis Atlas is a good option as well.

What would be a good alternative for lounges both domestic and intl, i also cant get infinia, and diners black has acceptance issue . I do 2 - 3 international trips a year and 4 - 5 domestic a year

 

[insight]

What would be a good alternative for lounges both domestic and intl, i also cant get infinia, and diners black has acceptance issue . I do 2 - 3 international trips a year and 4 - 5 domestic a year

I got Magnus for Unlimited Lounges mainly.

 

[mowgli]

With no monthly milestone, now the card will return 2.4% , down from 24.8% 😢
Bye bye axis!

It all depends on if you are in higher spending category.
eg, 1.5L and above spends have higher ER. and as per their new limits (later on via stages), 25L is yearly target. To achieve, its 2.08L monthly spends. ER above 1.5L is 35. So, if monthly spends is 2.5L, you get 9k ER for 1.5L spends. And for the next 1L, you get 17.5ER. Well, conversion rate of 5:2 is where we all we will get hit

 

[starstruck]

What would be a good alternative for lounges both domestic and intl, i also cant get infinia, and diners black has acceptance issue . I do 2 - 3 international trips a year and 4 - 5 domestic a year

Here you go

Lounge access comparison

This came in one of other posts, so I thought to put the information in 1 place for quick glance. Thanks to @anirban.choudhury for the insights Will keep adding/updating the table below! Please do share relevant info and correct if inadvertently any wrong info is posted :) PS: Would likely...

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