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

 

[hrish88]

ALL Accor: The Ultimate Guide for Indians

The complete earn and burn guide for ALL Accor Hotel Loyalty Program for all credit card enthusiasts from India.

www.technofino.in

You can read here. Apart from 10% discount, you also get discount on F&B. It also gives you silver status with late checkout availability. Buy a single share of accor and you also get the gold status, which gives additional benefits.

I am conflicted at this point on whether to commit to accor or not. if not, what to do with leftover ERs?

where and how to buy a share of Accor.Can we do that from india

 

[svs_23]

-> you get complementary vouchers for buffet
-> you get access to red hot rooms at 50% discount
-> welcome drinks
-> hassle of paying via points at the hotel (for India)

Complimentary vouchers for buffets are Vaid only when we actually stay at the hotel or they can be used even when we just go in lunch or dinner?

 

[miles_guy]

-> you get complementary vouchers for buffet
-> you get access to red hot rooms at 50% discount
-> welcome drinks
-> hassle of paying via points at the hotel (for India)

What do you mean by the last point. Does payment by points not work after upgrade?

 

[Dexter]

What do you mean by the last point. Does payment by points not work after upgrade?

It works but there are chances of otp not coming. Or any other error. Then you will have to pay in cash.

 

[CMG]

What do you mean by the last point. Does payment by points not work after upgrade?

Some hotels don't allow pay with points for "Accor plus member" rate.

 

[typhoon]

If anyone is looking to sell off their points then message me directly. 😅

 

[CCUser_1999]

Questions:

1. I recall reading that when an accor plus membership is purchased, then a new membership number gets generated. If this is correct, then how can one take advantage of the Plus membership room rate discount and still utilize the points from existing membership?

2. The Accor Plus is only valid for hotels in Asia Pacific. Does that mean one has to purchase separate membership for Europe? That would mean a third membership number?

3. Buying one share of Accor would give gold status to one or both of the plus memberships (AP and Europe)? How to get gold status on both? Buy 2 shares?

4. My main concern is utilizing the points through either of the plus memberships if points are now sitting in the base ALL membership.

5. Is there a way to have plus membership in AP as well as Europe under one membership number?

Main issue with Accor is that they will change membership number for any small change. If you buy Accor Plus, your membership number will change, if you get upgraded say from Silver to Gold your membership number will change. For all such cases you will have to call Traveledge and ask them to do the required change.
Support at Traveledge also mentioned that you can do it yourself as well by delinking the old account and then adding new but in those cases in my view, the complication of freeze period will come. Also I have not tried doing it myself hence can't vouch if it works or not.
But the fact that there is so much difference in point value for Accor and others, that sometime I am OK to take all this pain. Obviously with the changes which Axis is doing like having differential conversion ratio for Accor, this will not be worth the effort and I will rather transfer the points to something like ITC or Vistara which will also give me good value.

 

[Suryansh]

I have more then. 2.5 l + er. In my account which I would like to sell at better rate if anyone need pls dm

I’m buying ER points at following prices :

If less than 25k then 45p per ER
If 25k to 1.5 lakh then 50p per ER
If more than 1.5 lakh then 55p per ER

Let me know if anyone is up for selling. Will buy small amounts as well if someone wants to clear

 

[rockysindona]

How is JAL Mileage Bank to transfer reward points? Any one has any inputs? Is the ratio they offer good?

 

[neo.puneet]

i don’t think a stay is needed, below are the terms mentioned:

Terms and Conditions​

• Voucher is applicable for dine-in only and must be presented upon arrival with a valid Accor Plus membership at choice of Pondichery Café at Sofitel Mumbai BKC, The Square at Novotel Mumbai Juhu Beach, Novotel Pune Nagar Road, Novotel Imagica Khopoli or Novotel Goa Shrem Hotel, Spice It at ibis Mumbai Domestic Airport, ibis Navi Mumbai, ibis Pune, ibis Nashik or ibis Styles Goa, Sea Gull at Novotel Donna Sylvia Resort, or Food Exchange at Novotel Resort and Spa
• Valid for food bill from buffet menu for two (2) only, excluding Sunday brunch
• Limited to one (1) voucher per group per table
• Voucher is not transferable, extendable or redeemable for cash, and cannot be used in conjunction with any other offer or promotion
• Prior reservation mentioning the use of this voucher is essential
• Member dining benefit blackout dates may apply
• For more details on participating Accor hotel restaurants and member dining benefit blackout dates, please visit accorplus.com

Complimentary vouchers for buffets are Vaid only when we actually stay at the hotel or they can be used even when we just go in lunch or dinner?

 

[yolosingh]

When do you usually get the 5X travel edge edge Rewards on Magnus?

 

[chasni]

When do you usually get the 5X travel edge edge Rewards on Magnus?

I have been waiting since 6th Sep and haven't received till now. I am expecting it next month. Axis being Axis.

 

[yolosingh]

I have been waiting since 6th Sep and haven't received till now. I am expecting it next month. Axis being Axis.

Ah getting it before 31st would've been so great. I had seen people mention that travel edge points usually get credited pretty soon, but not this time it seems

 

[chasni]

Ah getting it before 31st would've been so great. I had seen people mention that travel edge points usually get credited pretty soon, but not this time it seems

I did 1 transaction on 1 Aug and got it on 6th Aug. But after waiting for transactions done on 6th Aug.

 

[Gaurav555]

Does insurance payment count for monthly milestone for magnus as of today i.e. before sep?

 

[HN74]

Does insurance payment count for monthly milestone for magnus as of today i.e. before sep?

Yes

 

[svs_23]

i don’t think a stay is needed, below are the terms mentioned:

Terms and Conditions​

• Voucher is applicable for dine-in only and must be presented upon arrival with a valid Accor Plus membership at choice of Pondichery Café at Sofitel Mumbai BKC, The Square at Novotel Mumbai Juhu Beach, Novotel Pune Nagar Road, Novotel Imagica Khopoli or Novotel Goa Shrem Hotel, Spice It at ibis Mumbai Domestic Airport, ibis Navi Mumbai, ibis Pune, ibis Nashik or ibis Styles Goa, Sea Gull at Novotel Donna Sylvia Resort, or Food Exchange at Novotel Resort and Spa
• Valid for food bill from buffet menu for two (2) only, excluding Sunday brunch
• Limited to one (1) voucher per group per table
• Voucher is not transferable, extendable or redeemable for cash, and cannot be used in conjunction with any other offer or promotion
• Prior reservation mentioning the use of this voucher is essential
• Member dining benefit blackout dates may apply
• For more details on participating Accor hotel restaurants and member dining benefit blackout dates, please visit accorplus.com

This T&C for the India wide dining certificate or the multiple regional certificates they give for complimentary lunch or dinner?

 

[neo.puneet]

This T&C for the India wide dining certificate or the multiple regional certificates they give for complimentary lunch or dinner?

i see the same t&c in my vouchers, checked 3-4 and it looks like same everywhere in Gujarat/Maharashtra region at least

 

[sharad131]

Good News: Some nominal old Travel Edge 5x got credited Today.

Bad News: Did a high value transaction on Aug 26th and still waiting for normal ER points :-(

 

[hello11]

I'd made a traveledge transaction on 20th August. Got 5x today