Axis Magnus Has Anyone Applied for Burgundy Magnus M4B with 30k Fee?

[vkdleo]

Has anyone applied for Magnus Burgundy by paying 30k + GST post LTF offer ended? I am contemplating to apply to clear out accumulated ERs at better rates.
I don't see any clear update on Axis site or if are they even issuing M4B on paid basis? I have few redemptions plans in next month.

 

[sxchzy]

@Alwàys_Bélîevé_Yøursélf🎯 can guide you

 

[drsel]

If you have more than 88500 edge points then you should apply for it.
88500 points is the cut off point, where the difference between 5:2 and 5:4 ratio will be worth Rs.35400 and you will recover the entire joining fee

 

[sahil937]

I've been trying to apply. However, RM as well as customer support are mentioning that 30k fees Magnus Burgundy onboarding has not started yet.

Do let me know if anyone has been able to apply.

 

[vkdleo]

I've been trying to apply. However, RM as well as customer support are mentioning that 30k fees Magnus Burgundy onboarding has not started yet.

Do let me know if anyone has been able to apply.

yes that is what I think

 

[khaitan.rajesh29]

I've been trying to apply. However, RM as well as customer support are mentioning that 30k fees Magnus Burgundy onboarding has not started yet.

Do let me know if anyone has been able to apply.

Yup. I also heard the same from RM. I am also not being able to apply.

 

[gg123]

I've been trying to apply. However, RM as well as customer support are mentioning that 30k fees Magnus Burgundy onboarding has not started yet.

Do let me know if anyone has been able to apply.

The most non sync product , technical and customer facing teams ever

 

[ssesha]

I opened my burgundy salary account in December 2023 and was told would be eligible for the ltf magnus burgundy upgrade. However by end jan they said only 2 salary credited and need one more credit. That’s done now too but haven’t gotten any update yet. After reading about axis here I am increasing skeptical now and thinking better move back to hdfc Imperia. Any suggestions or is this magnus burgundy ltf a foregone thing.

@Alwàys_Bélîevé_Yøursélf🎯 can you help?

 

[nurav]

If you have more than 88500 edge points then you should apply for it.
88500 points is the cut off point, where the difference between 5:2 and 5:4 ratio will be worth Rs.35400 and you will recover the entire joining fee

Are you sure existing magnus points will be converted to magnus burgundy points ?
Customer care told me the existing points wont be converted. I have over 2.5 lakhs points and was wondering what to do.

 

[drsel]

Are you sure existing magnus points will be converted to magnus burgundy points ?
Customer care told me the existing points wont be converted. I have over 2.5 lakhs points and was wondering what to do.

How did you manage to earn so many reward points?

 

[drsel]

When you have Magnus Burgundy, all points earned by all your other cards get the same 5:4 ratio

 

[nurav]

How did you manage to earn so many reward points?

had couple of International trips recently.
With travel edge and 3X rewards post 1.5L it was very easy to achieve.

 

[khaitan.rajesh29]

When you have Magnus Burgundy, all points earned by all your other cards get the same 5:4 ratio

This is not official right..its just that Axis is not segregating edge reward points currently.

 

[drsel]

Are you sure existing magnus points will be converted to magnus burgundy points ?
Customer care told me the existing points wont be converted. I have over 2.5 lakhs points and was wondering what to do.

Then you should definitely get Magnus burgundy all your 2.5 lakh points will get converted at 5:4 ratio

This is not official right..its just that Axis is not segregating edge reward points currently.

It is as it is.
If it changes you will come to know on this forum

 

[Pc1789]

As per my RM, they are not issuing any new Magnus Burgundy, however as per customer care (conversation on 10th March), it is available at 30k/- annual fees and asked me to speak to the branch manager (if necessary). She even confirmed the document which I too referred too. I am amazed to see lack of clarity amongst the employees at axis. Is there a way we can email/ tag their senior folks on a thread( maybe on X/linkedin) to seek clarity ? If yes, would anyone know who will be the appropriate personnel ?

 

[gg123]

As per my RM, they are not issuing any new Magnus Burgundy, however as per customer care (conversation on 10th March), it is available at 30k/- annual fees and asked me to speak to the branch manager (if necessary). She even confirmed the document which I too referred too. I am amazed to see lack of clarity amongst the employees at axis. Is there a way we can email/ tag their senior folks on a thread( maybe on X/linkedin) to seek clarity ? If yes, would anyone know who will be the appropriate personnel ?

Huh! My RM said 30k fee is currently being issued. and fee reversal at 30L spends.

 

[vkdleo]

Huh! My RM said 30k fee is currently being issued. and fee reversal at 30L spends.

WHEN??
I received a mail via support saying that are not issuing it on 8th March. See below

 

[gg123]

WHEN??
I received a mail via support saying that are not issuing it on 8th March. See below

Last week itself while he was processing my other request.

He also informed for some customers they are taking deviated approval for LTF Magnus burgundy if the true burgundy criteria is fulfilled.

Just negotiate with RM. chances are they may still apply for LTF version.

 

[vkdleo]

Last week itself while he was processing my other request.

He also informed for some customers they are taking deviated approval for LTF Magnus burgundy if the true burgundy criteria is fulfilled.

Just negotiate with RM. chances are they may still apply for LTF version.

Were you able to apply then??

 

[gg123]

Were you able to apply then??

No. I am burgundy at family level.