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

---

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

---

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

---

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

---

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

 

[kapsshah42]

trying to empty the magnus burgundy points.Edge rewards has 504 points tried to make a purchase using points plus cash where I redeemed 504 points.After the purchase instead of becoming Zero new 504 points were showing in edge rewards.Tried again but same error.Any solutions have 50k+ points in burgundy magnus

 

[sahilgulati5]

ER has how many & MB has how many??

trying to empty the magnus burgundy points.Edge rewards has 504 points tried to make a purchase using points plus cash where I redeemed 504 points.After the purchase instead of becoming Zero new 504 points were showing in edge rewards.Tried again but same error.Any solutions have 50k+ points in burgundy magnus

 

[kapsshah42]

ER has how many & MB has how many??

MB 50030 AND ER 504(TRIED TO USE MAKE IT ZERO BY DOING ONLINE PURCHASE POINTS +PAY)

 

[sahilgulati5]

MB 50030 AND ER 504(TRIED TO USE MAKE IT ZERO BY DOING ONLINE PURCHASE POINTS +PAY)

Tu should be able to transfer 50030 MB points once u transfer that the balance ER point should move to MB bracket

 

[UKJ]

trying to empty the magnus burgundy points.Edge rewards has 504 points tried to make a purchase using points plus cash where I redeemed 504 points.After the purchase instead of becoming Zero new 504 points were showing in edge rewards.Tried again but same error.Any solutions have 50k+ points in burgundy magnus

I had a similar issue. When I made new purchases, the points got added to the MB bucket and then I was able to transfer points on larger installments. See if this works for you.

 

[BhavyaDoshi]

Any idea when should we expect AEP for the month of feb?
Today is the 45th day from the month end

 

[Prav]

Any idea when should we expect AEP for the month of feb?
Today is the 45th day from the month end

Same , not received yet

 

[ankurarora898]

Any idea when should we expect AEP for the month of feb?
Today is the 45th day from the month end

expected on 15th

 

[sahilgulati5]

It should be around the corner.

 

[Rags]

I hope they credit March AEP before April 19, as of now my RM promised taking mine as special case. Fingers crossed.

 

[Prav]

Any update on feb aep ?

 

[ankurarora898]

Any update on feb aep ?

not received yet

 

[Rags]

not received yet

I hope they won't credit after 20th 😂

 

[Prav]

Any one received feb aep?

 

[hello11]

Any one received feb aep?

Not yet. Been more than 45 days

 

[Rags]

Any one received feb aep?

I received it today afternoon. but my brother hasnt recieved yet (we both are M4B) seems they started crediting.

 

[Prav]

Not credited yet😭😭

 

[BhavyaDoshi]

I received Feb AEP
But now how do I transfer them

 

[sourpai]

Got the Feb AEP as well just now....

 

[Prav]

Urgent help
1lakh edge point
But 100 magnus burgundy point
What should i do now its not allowing me to transfer