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

 

[dyegosousas]

What's up with travelEdge? Logged in today to see I'm getting a transfer ratio of 10:1? I'm a Magnus with burgundy account holder, anyone else seen this?

Same here. I'm wondering till when they will keep playing. it`s not even 5:2 but 10:1 lol. I`m burgundy as well.

 

[Harry1]

All the added IDs are not visible to boot.

Hopefully this slow poison will make way for nectar when things stabilise

Lol, right? All deleted😂.

Now I will have that weird accor issue on whether to use old id or new Id considering old id used to work for me even after upgrade. And now with 60 days limit, I will get stuck if I link incorrect id.

 

[D7162]

Lol, right? All deleted😂.

Now I will have that weird accor issue on whether to use old id or new Id considering old id used to work for me even after upgrade. And now with 60 days limit, I will get stuck if I link incorrect id.

For me, its everything same as before - all ids are also showing, although there is no Link/unlink options

 

[rishabk27775]

For me, its everything same as before - all ids are also showing, although there is no Link/unlink options

You have only magnus or magnus with burgendy?

 

[D7162]

You have only magnus or magnus with burgendy?

Only Magnus - Garibrath 🤣 🤣 🤣

 

[rishabk27775]

Only Magnus - Garibrath 🤣 🤣 🤣

What is the conversion ratio it is showing to you?

 

[D7162]

What is the conversion ratio it is showing to you?

0 reward points so edge reward point option itself is not showing - Have atlas so edge miles is displayed with normal 1:2 ration

 

[rishabk27775]

Anyone with only magnus can please check what is the conversion ratio showing to you and also added transfer partner ids are visible or not? Like Accor or vistara.

 

[D7162]

Anyone with only magnus can please check what is the conversion ratio showing to you and also added transfer partner ids are visible or not? Like Accor or vistara.

I have another Id as well but Points are zero there too

 

[rishabk27775]

I have another Id as well but Points are zero there too

Lol Bro pura Khali kar rakha hai apne......anyone else?

 

[Dreamer]

I have Burgundy+ magnus. transfer parter IDs are not visible.

 

[praveenojhapo]

Anyone with only magnus can please check what is the conversion ratio showing to you and also added transfer partner ids are visible or not? Like Accor or vistara10.

10:2 for India partners (Vistara, Spicejet, ITC, Air Asia) and 10:1 for International partners / all others. I only have a Magnus relationship with Axis.

 

[rishabk27775]

10:2 for India partners (Vistara, Spicejet, ITC, Air Asia) and 10:1 for International partners / all others. I only have a Magnus relationship with Axis.

You mean you are not getting 5:2?

 

[ash_13]

I have Burgundy + Magnus. Edge Rewards showing 0. All linkages gone it seems.

 

[Warlock27]

10:2 for India partners (Vistara, Spicejet, ITC, Air Asia) and 10:1 for International partners / all others. I only have a Magnus relationship with Axis.

Same here, only Magnus holder. All linked IDs are gone as well.

 

[rohitb]

Magnus + burgundy
All IDs gone
5:1 and 10:1 are new ratios (indian vs international partners, didn't check all based on random sampling on my end)

 

[Harry1]

Magnus + burgundy
All IDs gone
5:1 and 10:1 are new ratios (indian vs international partners, didn't check all based on random sampling on my end)

Was ur account suspended till yesterday?

 

[Tirajat]

Magnus + burgundy
All IDs gone
5:1 and 10:1 are new ratios (indian vs international partners, didn't check all based on random sampling on my end)

Same here. I can see my ER balance, but no linked IDs. I get a message pop up when I log in that miles transfer is suspended.

 

[K.R]

Axis ka developer ne linked accounts ka database delete ker ke resign ker diya because usko hike nahi mila 😊

 

[shashank08]

Magnus + burgundy
All IDs gone
5:1 and 10:1 are new ratios (indian vs international partners, didn't check all based on random sampling on my end)

Lagta hai Axis bank ne decide kar liya hai k magnus and all kuch ni hai..
Burgundy k sath Select LTF free milta hai to ab Select ka he transfer Ratio denge Magnus walo ko bhe..

Looks like another blunder of Axis.. Daily nayi news aa rhi hai..