Updated key fact sheet which includes Magnus for Burgundy

[CMG]

Key fact sheet which includes Magnus for Burgundy

MAGNUS for Burgundy - Applicable only for Burgundy customers maintaining the requisite individual Burgundy relationship

 

[Deathsnatcher]

one would prefer to have FD rather than keeping in there bank just for free magnus lol

 

[sxchzy]

your spends will be less rewarding if you take the paid version definitely
but you can get the fees waived off on annual spends
and you have the flexibility to invest 10L as you deem and maximize the returns on it

 

[WandereR]

But the question is, let's say if we keep 10L one month before Magnus renewal date for 2-2.5 months. And as the renewal happens, we take out the money. What would happen? There isn't enough clarity.

 

[sxchzy]

for magnus being given as a free card true burgundy status is to be maintained
.so your aqb must be 10L
even if 1 quarter goes below that they will start charging fee

 

[NikhilTravelLover]

Burgandy me kitna paisa rakha padta hai?

 

[WandereR]

Burgandy me kitna paisa rakha padta hai?

so your aqb must be 10L

 

[gg123]

is this pdf authentic ?

I only see this from official website

https://www.axisbank.com/docs/default-source/default-document-library/key-fact-sheet.pdf

 

[CMG]

is this pdf authentic ?

I only see this from official website

https://www.axisbank.com/docs/default-source/default-document-library/key-fact-sheet.pdf

Caching issue.

 

[NikhilTravelLover]

What I feel, rather than free Magnus,I need better reward rate.
Since current reward is pathetic, I will skip Burgundy.

 

[NikhilTravelLover]

5.3 rewards with Paid magnus is good. Otherwise no point in keeping it. 10L amount is huge.

 

[gg123]

5.3 rewards with Paid magnus is good. Otherwise no point in keeping it. 10L amount is huge.

Yup, 10L is huge for an individual

 

[sxchzy]

5.3 rewards with Paid magnus is good. Otherwise no point in keeping it. 10L amount is huge.

with paid magnus reward rate is 5:2 if i am not wrong

 

[praneeth999]

What I feel, rather than free Magnus,I need better reward rate.
Since current reward is pathetic, I will skip Burgundy.

Transfer rate would be 5:4 with Burgundy, right?

 

[luxveritate]

What I feel, rather than free Magnus,I need better reward rate.
Since current reward is pathetic, I will skip Burgundy.

This is sensible point. keeping high TRV and aiming for 10K fee waiver doesnt justify instead there must high reward for the Magnus for burgandy customers as ROI of the money keep in relationship value

 

[hrishig]

They have added EDGE REWARD Points Redemption Fee ? Taking bad habits from HDFC?

 

[CMG]

They have added EDGE REWARD Points Redemption Fee ? Taking bad habits from HDFC?

Was there before. But wavied for HNI cards.

 

[simplegarv]

Yup, 10L is huge for an individual

just for magnus this is not a fair value at all.

 

[shrewdoc]

Key fact sheet which includes Magnus for Burgundy

MAGNUS for Burgundy - Applicable only for Burgundy customers maintaining the requisite individual Burgundy relationship

I don't think this is accurate. But well, who knows, it's Axis Bank we're talking about.
Moreover, upon Google search, the more recent version is 13-09-2022.

 

[CMG]

I don't think this is accurate. But well, who knows, it's Axis Bank we're talking about.
Moreover, upon Google search, the more recent version is 13-09-2022.

Lol 🤣


Btw, this is not something I took from somewhere. I downloaded it from Axis Bank website.

If you know how to use curl, you can run this command to get the latest one(hopefully)

curl -H 'Cache-Control: no-cache, no-store'  -o key_fact_sheet_axis_bank_cc2.pdf https://www.axisbank.com/docs/default-source/default-document-library/sosc-credit-cards.pdf\?asa\=sdd