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

[bugmenot]

-- 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

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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

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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

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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

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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

 

[Swastik]

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?

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

 

[gurbina]

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

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.

 

[Swastik]

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.

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

 

[gurbina]

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

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.

 

[Riva]

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

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.

 

[mastfun]

Does any know education fee payment through razorpay gateway will count for Edge reward points and the accelerated point for the spends above 1.5 Lakhs?

 

[Ramakgmc]

Next major change to domestic redemption of points is Vistara-AI merger.

Answer to what will happen to Vistara cards/CV points - Revamped AI flying returns program.
Almost a copy of Club Vistara with some differences
See details in my post.

https://www.technofino.in/community/threads/revamped-air-indias-flying-returns.25047/#post-592516

 

[ankitfintech]

Are the bonus reward points for GIFTEDGE transactions now being reflected in Edge Rewards as compared to Magnus Burgundy points in Edge Rewards portal?

 

[Rags]

Are the bonus reward points for GIFTEDGE transactions now being reflected in Edge Rewards as compared to Magnus Burgundy points in Edge Rewards portal?

Does it really matter? Whether it is edge or M4B rewards the redempion ratio is same right?

 

[sahilgulati5]

Does it really matter? Whether it is edge or M4B rewards the redempion ratio is same right?

IF u have M4B it does not matter

 

[ankitfintech]

IF u have M4B it does not matter

It matters because in travel edge portal you cannot redeem edge rewards until you have some M4B points..

 

[sahilgulati5]

It matters because in travel edge portal you cannot redeem edge rewards until you have some M4B points..

M4B points can be converted at 5:4 Ratio.. even if u have ER points.. M4B is a subset of ER. SO when u redeem M4B.. ER points will start moving to M4B Bucket.

 

[naren89]

Selling Axis ER points at 5:4 conversion. Please dm if you are interested.

 

[khaitan.rajesh29]

If anyone is not getting good value of edge rewards, I can take it at 60p (5:4 conversion).

 

[kapsshah42]

My magnus burgundy is showing 540 where as edge rewards is more than 10k.Can someone guide me how to transfer all edge points to magnus and empty the balance?

 

[sahilgulati5]

My magnus burgundy is showing 540 where as edge rewards is more than 10k.Can someone guide me how to transfer all edge points to magnus and empty the balance?

Try to transfer 540 points so that MB becomes zero then the ER points will move to MB slowly never bring MB points below 300 except 0

 

[kapsshah42]

Try to transfer 540 points so that MB becomes zero then the ER points will move to MB slowly never bring MB points below 300 except 0

Can transfer 500 only after that it will be 40 and post that wont b able to transfer.How do I make it zero

 

[dj2006]

Can transfer 500 only after that it will be 40 and post that wont b able to transfer.How do I make it zero

Buy a pizza hut gift voucher if after transfer the points become less then 300 in MB bucket. But they have changed the implementation. Now all points move to MB bucket.

 

[sahilgulati5]

Can transfer 500 only after that it will be 40 and post that wont b able to transfer.How do I make it zero

Try putting 999 m see it will use full points

 

[rahuluce]

Selling Axis ER points at 5:4 conversion. Please dm if you are interested.

sure let me know if still available