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

 

[hello11]

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

You need atleast 300 MB points - make some transactions and hope points get credited before 20th.

Then type 99999999 in the miles section when you transfer - it'll automatically switch to maximum MB points (even if not multiple of 100) - then hope no points get automatically converted so you can have MB=0 (It worked for me once, another time some points automatically got converted to MB)

Once you have MB=0, you can transer all ER at 5:4

 

[Vikas09]

I received Feb AEP
But now how do I transfer them

Just buy any e voucher of 500points it will make your Magnus burgundy balance to zero and then all edge rewards can be transferred easily.

 

[Vikas09]

You need atleast 300 MB points - make some transactions and hope points get credited before 20th.

Then type 99999999 in the miles section when you transfer - it'll automatically switch to maximum MB points (even if not multiple of 100) - then hope no points get automatically converted so you can have MB=0 (It worked for me once, another time some points automatically got converted to MB)

Once you have MB=0, you can transer all ER at 5:4

Mb cc base points will take 4-5 working days to get credited it will not come before 20th, just purchase 500 point voucher and make Mb points balance zero.

 

[Prav]

Ok thanks guys i ll try these methods

 

[BhavyaDoshi]

Just buy any e voucher of 500points it will make your Magnus burgundy balance to zero and then all edge rewards can be transferred easily.

That didn’t work

 

[dj2006]

I think they have changed the implementation now. MB bucket will refill with the maximum points that were there. So can't make it zero now.

 

[ankurarora898]

but shouldn't these AEP points be in the burgundy bucket? I emptied burgundy points few days back and now stuck with the edge points

 

[archit120]

Stuck with 100 in magnus burgundy lol. If anyone knows a solution please lmk

 

[CVR]

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

Request manual transfer by writing to premium experience

 

[CVR]

but shouldn't these AEP points be in the burgundy bucket? I emptied burgundy points few days back and now stuck with the edge points

AEP and gyftr multiplier points have been coming in ER bucket only, that has been the big issue!

 

[archit120]

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

I had the same thing. Bought something from edge reward for cash + points 302+300 and that made magnus as zero

 

[Harry1]

Have they credited any points for transactions beyond 9th April?

 

[CVR]

Have they credited any points for transactions beyond 9th April?

Got just today sometime back

 

[ankurarora898]

I had the same thing. Bought something from edge reward for cash + points 302+300 and that made magnus as zero

then all edge points got converted into burgundy points?

 

[Vikas09]

That didn’t work

It should be working,I just transferred 90k points yesterday through this process mine mb balance was 200 bought Pvr voucher for 500 points which made my mb balance zero and then I transferred all my edge rewards

 

[ankurarora898]

It should be working,I just transferred 90k points yesterday through this process mine mb balance was 200 bought Pvr voucher for 500 points which made my mb balance zero and then I transferred all my edge rewards

just after reading your comment tried it,mb points didn't reduce,500 points got deducted from edge points

 

[CVR]

just after reading your comment tried it,mb points didn't reduce,500 points got deducted from edge points

Why don’t you just request offline transfer over email? Better to do it before Apr 19.

 

[ankurarora898]

Why don’t you just request offline transfer over email? Better to do it before Apr 19.

is that possible? has anyone been successful with that?

 

[Deleted member 9785]

is that possible? has anyone been successful with that?

Its possible yes

 

[ankurarora898]

Its possible yes

Do we need to email to transfer to preferred partner or to convert the edge points to burgundy points