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Axis Magnus Card Devaluation

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Axis Bank Magnus Credit Card Devaluation

we would like to update you regarding a few changes to the features on your Credit Card, effective 20th April 2024:

  • Spends on insurance, gold/jewellery & fuel will not be eligible for EDGE REWARD Points and for calculating annual spends for fee waiver.
  • All partners under Miles Transfer Program are classified into two groups (Group A & Group B). For redemption, you will be able to transfer:
    • Maximum of 1 lakh EDGE REWARD Points cumulatively to Group A partners.
    • Maximum of 4 lakh EDGE REWARD Points cumulatively to Group B partners.
      For details on Groups A & B, please click here.
  • While you and Add-on card holder continue to enjoy complimentary domestic airport lounge visits; the complimentary guest visits have been revised from 8 to 4 visits in a calendar year.
  • While you continue to enjoy complimentary international airport lounge visits; the complimentary guest visits have been revised from 8 to 4 visits in a card anniversary year.
  • The offer on BookMyShow, complimentary services of 24*7 concierge and Airport Meet & Assist will be discontinued.
  • Effective 1st May 2024, access to domestic airport lounges will be based on a minimum eligible spend of Rs. 50,000 in the previous 3 calendar months. In the case of a newly issued card, the minimum spend criteria is waived for the month of card issuance as well as for the following 3 calendar months. For more details, please click here.

Axis Bank Magnus Credit Card Devaluation

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We are not SEBI/IRDA registered. The information provided herein is for education purposes only. We will not be responsible for any of your profit/loss with this channel's suggestions. Consult your financial advisor before making any decisions.
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Blaze Blaze
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mass surrender of their credit cards should do the trick 😃

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Deal Cadet Deal Cadet
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The entire axis cc and dc lineup has been devalued. From the most basic to the most premium. At this point I saw more post and news on axis devaluation than any other bank. The entire axis point has shifted downward

Deal Cadet Deal Cadet
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Axis has lost its axis

Blaze Blaze
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mass surrender of their credit cards should do the trick 😃

Benevolent Benevolent
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+1 couldn't agree more 
Benevolent Benevolent
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Ax$h!t's axle has broken 😆

Deal Subedar Deal Subedar
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Any other card have meet n greet service at airport similar to Magnus?

Deal Cadet Deal Cadet
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Magnus for Burgundy has 4 now I think
Deal Cadet Deal Cadet
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My Axis Magnus is pending for Renew next month. I will close this as I can't reach the spending threshold now. I have axis Select & Axis Myzone (Both are LTF). Planning to take Axis Airtel for bill payment

Deal Newbie Deal Newbie
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Guys any suggestions on other premium card close to Magnus, as I will be closing Magnus. 

P.S>: Not eligible for Infinia. Not sure on which variant of AMEX

Deal Cadet Deal Cadet
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Imma surrender my flipkart axis card next month after cashback for this month arrives. It's a paid card as well, good riddance

Blaze Blaze
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Planning to surrender my Axis FK and Magnus. Worthless cards now.

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