Magnus Devaluation (What if?)

[coinhunter]

What if next year, Magnus gets devalued - let's say the 1L milestone? What will be your backup card of choice?

PS: Getting prepared if that happens

 

[CMG]

What if next year, Magnus gets devalued - let's say the 1L milestone? What will be your backup card of choice?

PS: Getting prepared if that happens

If it is just the removal of 1L milestone, i will continue using magnus.

 

[gurbina]

I'd get rid of Axis... just kidding. Actually I'm not... or am I? Do not give bad ideas to Axis.

Magnus: cheapest card with HNI point transfer rates. You can still use GrabDeals and Gyftr to accumulate that many points easily.

At best that will make Reserve card (50k AF) more enticing but mostly to those who spend considerably in foreign currencies where you get the most out of it. Otherwise Magnus is still the raddest kid in the block.

 

[coinhunter]

Magnus: cheapest card with HNI point transfer rates. You can still use GrabDeals and Gyftr to accumulate that many points easily.

At best that will make Reserve card (50k AF) more enticing but mostly to those who spend considerably in foreign currencies where you get the most out of it. Otherwise Magnus is still the raddest kid in the block.

That's what I've also been thinking. Most probably leaning towards Reserve.

 

[dishank_24]

I will stick with it. Only until the 5:4 is there. If that is changed drastically then I am not sure.

 

[anirban.choudhury]

In case monthly milestone is revoked , in that case I will surrender Magnus and May be take Amex plat reserve

 

[Harry1]

Stop and move everything to sbi cashback. Although that will also be devalued soon.

Edit: I just hope they announce it 3-4 months before my renewal so that I can stop my spends for 1L milestone in time.

 

[anirban.choudhury]

As per me monthly milestone won’t get devalued so quickly

First they will put restriction in monthly milestone like rent , insurance etc won’t get counted towards milestone
And second devaluation will be to reduce the conversion ratio

 

[Harry1]

As per me monthly milestone won’t get devalued so quickly

First they will put restriction in monthly milestone like rent , insurance etc won’t get counted towards milestone
And second devaluation will be to reduce the conversion ratio

Conversion ration was introduced later, so it should go also later 😅.

 

[anirban.choudhury]

Conversion ration was introduced later, so it should go also later 😅.

I think in CC devaluation they follow LIFO ( Last In First Out ) order

 

[coinhunter]

As per me monthly milestone won’t get devalued so quickly

First they will put restriction in monthly milestone like rent , insurance etc won’t get counted towards milestone
And second devaluation will be to reduce the conversion ratio

This makes sense. I hope they won’t devalue the conversion ratio at least.

 

[tsj49]

I would still keep Magnus for grabdeals.
I will move all online spends to sbi cashback.
I will move all offline spends to DCB.

 

[CMG]

As per me monthly milestone won’t get devalued so quickly

First they will put restriction in monthly milestone like rent , insurance etc won’t get counted towards milestone
And second devaluation will be to reduce the conversion ratio

Transfer rates are similar to citi prestige. If they are moving citi prestige to magnus, they might keep this.

 

[vikramv4u]

Devaluation done.. received a mail :-( screenshots attached

 

[4uziaul]

Devaluation done.. received a mail :-( screenshots attached

If you were able to find such an old thread, why couldn't you find the one dedicated entirely to Magnus? 🤣

Axis Magnus - Devaluation w.e.f. 1st Sep 2023

-- Edited Post -- Final Update Official PDF is now out - https://www.axisbank.com/docs/default-source/default-document-library/credit-cards/mgtc.pdf Revision in welcome benefits, which are more or less matching with the leaked screenshots Change in annual fee - ₹12,500 + GST No more renewal...

www.technofino.in

 

[sriteja]

Axis read all the comments above and devaluated in every single way possible, so that no one would like to keep the card 😂