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

 

[vina]

my sister had 50L in fd's in hdfc last year and her rm denied she can't get her infinia.All you guys getting in 10L 🥲

sir, the way HDFC works - whatevey business you have already given them, they don't give a shit

you need to give them additional

 

[jchandra49]

People are worrying that utilities are not included in Magnus from Sep 1, why can't they buy Amazon pay voucher and pay through Amazon. Am I missing anything 🤔

 

[Zarieal]

Just to let everyone know what a gem card Magnus was.. I had spent equal amount in Infinia and Magnus in May & June months . Infinia has credited approximately 10K points and Magnus has credited 73K ( considering 5:4 its 58.5 K)

Mat yaad dilao yeh sab baatein. Bhot dukh hota h hamare pyare magnus ke liye. What an emotional moment!

 

[K.R]

Just a thought.. Like People calculate 5 Points for 150 spend on Infinia which gives base return of 3.33% We forget that if we Swipe for 149 Rs we will not get any reward points or if we sipe for 299 we get just 1 reward point. Its worse for Magnus as its calculated for every 200 Rs. So there is some slippage of reward points as well which we should keep in mind

 

[vikramsrit]

Thanks for letting us know. Just checked and 50K credited

Am I the only one who hasn't got it yet? Btw June was the 1st month for my Magnus card. Does this need settling the CC dues first

 

[K.R]

Am I the only one who hasn't got it yet? Btw June was the 1st month for my Magnus card. Does this need settling the CC dues first

I guess Payment of 10000 fees + GST for joining benefits

 

[DarkShadow]

Turkish is currently down for star alliance flights, United/krisflyer seems costly and JAL seems risky

Can you clarify what do you mean by JAL / JMR seems risky? I am considering JAL as Turkish is pain to deal with and united is far too expensive on millage.

 

[Harry1]

Can you clarify what do you mean by JAL / JMR seems risky? I am considering JAL as Turkish is pain to deal with and united is far too expensive on millage.

I was facing some issues with award flight availability checking and there is 60 days points booking limit too. Itt was mainly because I never used it and didn't find many success stories here either (probably as most people are under that 60 days period).

But now 60 days are over for me, and it seem fine. Not too lucrative, but certain sectors seem good. Still not good enough to park it without any travel plan. I think it allows booking for family, but not for friends.

Vistara and Accor is simplest to use and have used many times. So that feels a safe choice.

 

[vineet_c]

RIP Magnus. Some brilliant peoduct manager laumched it, got promoted, new guy comes in amd screws it up. Axis will do some damage control later when the will seetoo many cancellations, but it will be too little too late. Typical boom to bust product cycle.

 

[pate]

I was facing some issues with award flight availability checking and there is 60 days points booking limit too. Itt was mainly because I never used it and didn't find many success stories here either (probably as most people are under that 60 days period).

But now 60 days are over for me, and it seem fine. Not too lucrative, but certain sectors seem good. Still not good enough to park it without any travel plan. I think it allows booking for family, but not for friends.

Vistara and Accor is simplest to use and have used many times. So that feels a safe choice.

JAL seems lucrative though it's very difficult to find the seats.

 

[004archit]

I was facing some issues with award flight availability checking and there is 60 days points booking limit too. Itt was mainly because I never used it and didn't find many success stories here either (probably as most people are under that 60 days period).

But now 60 days are over for me, and it seem fine. Not too lucrative, but certain sectors seem good. Still not good enough to park it without any travel plan. I think it allows booking for family, but not for friends.

Vistara and Accor is simplest to use and have used many times. So that feels a safe choice.

Can you check for delhi to Bangkok in month of October using miles
As I have not completed 60 days

 

[DarkShadow]

I was facing some issues with award flight availability checking and there is 60 days points booking limit too. Itt was mainly because I never used it and didn't find many success stories here either (probably as most people are under that 60 days period).

But now 60 days are over for me, and it seem fine. Not too lucrative, but certain sectors seem good. Still not good enough to park it without any travel plan. I think it allows booking for family, but not for friends.

Vistara and Accor is simplest to use and have used many times. So that feels a safe choice.

JAL/JMR shines when you add multiple sectors - though they have to be with the same airline. Can be used for booking tickets for family members but not friends. Further points between family members can be combined by creating a family account. Though its has a 1000 points initiation fees and for any update after creation.

JAL seems lucrative though it's very difficult to find the seats.

Try to search for award seats elsewhere (either on partner's website OR UA for *A, BA/AA/QF for OW & DL for ST OR paid websites) note down the dates and then lookup on JAL.

 

[Harry1]

Can you check for delhi to Bangkok in month of October using miles
As I have not completed 60 days

Login to ur account and then click on below link.

JAPAN AIRLINES / India - Module page

 

[VijayflyRaven]

People are worrying that utilities are not included in Magnus from Sep 1, why can't they buy Amazon pay voucher and pay through Amazon. Am I missing anything 🤔

My electricity bill is usually once every 2 months and bill during summer is 30 to 45k. Amazon allows me to pay only during winters when less than 10k. 😂

 

[Cardmarvel]

My electricity bill is usually once every 2 months and bill during summer is 30 to 45k. Amazon allows me to pay only during winters when less than 10k. 😂

Pay in advance

 

[Thomas244]

Pay in advance

How to pay in advance unless bill is generated I can’t seem to pay

 

[DISHANT]

@anirban.choudhury i have one spend to do of 60k on specific 31st july. already spent 50k on magnus. my bill date is 1st. will my spend consider for milestone for july if spent 60k doesn't billed on 1st? and will get benefit by 10th aug.? @TechnoFino

 

[Thomas244]

@anirban.choudhury i have one spend to do of 60k on specific 31st july. already spent 50k on magnus. my bill date is 1st. will my spend consider for milestone for july if spent 60k doesn't billed on 1st? and will get benefit by 10th aug.? @TechnoFino

Very risky. If it has to be done on 31 and u willing to take the risk do it early hours like at 12.01 midnight. Gives them some time to process plus it’s a workin day Monday. U might just get away with it. Best is do everything 3 to 4 days before month end.

 

[VijayflyRaven]

Pay in advance

It’s not possible. It is though bbps. We can pay only once and full amount.

 

[purush]

Got two months milestone 😃. It's sad to see it won't be easy to that much points anyway from now on