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

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bugmenot

bugmenot

TF Legend
-- 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
 

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PrinceHeart said:
Elon was just looking for panipuri and then just before his flight someone got him haldiram panipuri pack and craving was gone. So he cancelled his flight to india. He was going to take selfie with dolly chaiwala as well. Guess he have to wait.

M4b is 35400 annual charge. And @7.85 fd pa, for 10L will be 78500. So people are actually paying 1,13,900 for this card just for the 5:4 reward ratio ? Damm !! Hats off to these guys here.

M&G was the only good thing that was of use to me. I used it twice already. The manager send a porter saying, if you need anything just tell the porter and he will take care of it. No priority checkin, no priority security, no priority boarding, only good thing was that the immigration exit was thru diplomat counter, and was done in less than 1 min. Now they removed that from my normal magnus after recent devaluation. I dont see any use for this cc anymore.

Need mrcc now, seems good reward system from time to time.

Was offered dcb against fd, but i got normal emeralde, so i did not opt for that.
Click to expand...
Just a thought. The savings account earns around 3.5%. And general citizen FD is starting 6.5%.
3% of 10L comes to 30k. FD income more han 40k in a year attracts income tax. And if rewards are chosen wisely, 30k can easily be recovered. Axis has set it at a super premium M4B and high spenders only and will avoid the annual charges.
ER for 1L points gets 80k worth of points in most categories. And that if chosen wisely will be able to get you back the annual fee and the 30k FD 3%.
It definitely may not be the best, but still worth a bet, or especially for salaried above 3L per month people where the card is free
 
Upvote 0 Downvote
mowgli said:
Just a thought. The savings account earns around 3.5%. And general citizen FD is starting 6.5%.
3% of 10L comes to 30k. FD income more han 40k in a year attracts income tax. And if rewards are chosen wisely, 30k can easily be recovered. Axis has set it at a super premium M4B and high spenders only and will avoid the annual charges.
ER for 1L points gets 80k worth of points in most categories. And that if chosen wisely will be able to get you back the annual fee and the 30k FD 3%.
It definitely may not be the best, but still worth a bet, or especially for salaried above 3L per month people where the card is free
Click to expand...
True yes right
 
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Question: If I’m using the Reserve (international spends) and Burgundy Magnus both.

Will my Reserve points earned be transferrable at 5:4 ratio as well?
Coz on the points transfer page, all the points earned from both cards, keep accumulating together under the same “Edge Rewards” section.

So I’m confused if I should continue using both cards? If the benefit is the same and all points are transferrable at 5:4?

(There are some major tech glitches. Sometimes it shows no burgundy Magnus points available, and after a day it shows me 6000 available points. And then again keeps repeating in a loop 🔁)

Anyone holding and using both cards, kindly share your view.

Thanks in advance!
 
Upvote 0 Downvote
Adk7 said:
Question: If I’m using the Reserve (international spends) and Burgundy Magnus both.

Will my Reserve points earned be transferrable at 5:4 ratio as well?
Coz on the points transfer page, all the points earned from both cards, keep accumulating together under the same “Edge Rewards” section.

So I’m confused if I should continue using both cards? If the benefit is the same and all points are transferrable at 5:4?

(There are some major tech glitches. Sometimes it shows no burgundy Magnus points available, and after a day it shows me 6000 available points. And then again keeps repeating in a loop 🔁)

Anyone holding and using both cards, kindly share your view.

Thanks in advance!
Click to expand...
Try converting MB points first and see if the ER points are moving to MB. If it’s yes then u got 5:4 for Reserve card also
 
Upvote 0 Downvote
Adk7 said:
Question: If I’m using the Reserve (international spends) and Burgundy Magnus both.

Will my Reserve points earned be transferrable at 5:4 ratio as well?
Coz on the points transfer page, all the points earned from both cards, keep accumulating together under the same “Edge Rewards” section.

So I’m confused if I should continue using both cards? If the benefit is the same and all points are transferrable at 5:4?

(There are some major tech glitches. Sometimes it shows no burgundy Magnus points available, and after a day it shows me 6000 available points. And then again keeps repeating in a loop 🔁)

Anyone holding and using both cards, kindly share your view.

Thanks in advance!
Click to expand...
Yes all at 5:4
 
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What is the current rewards program for flight booking on Axis Magnus on Axis Travel Edge? Is it 60 pts for Rs 200 for transactions up to 2 lakh? If yes isn't it a no brainer to use this card as its 24% return?
 
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Rags said:
Yes all at
Click to expand...

SteelSh0t said:
Yes but prices are higher on the travel edge platform compared to other sites
Click to expand...
Not all times. It is best to compare and purchase. The best is, cancellation if any by airline, sites like MMT take a charge again. But it was easy last time thru Travel edge and full amount got returned. Another advantage is definitely ER and closer to meet the yearly spends 😁
 
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