Axis Financial institution has not too long ago added the power to switch Edge Reward factors to Companion factors and miles which is without doubt one of the main transfer taken by Axis Financial institution to serve the prosperous clients of the financial institution.
Beneath switch fee from Edge Rewards to Companion factors & miles are relevant for Prosperous / HNI playing cards solely: Magnus, Reserve & Burgundy Non-public. Axis Atlas is dealt individually.
Different playing cards switch at 10:1, which is poor and never value transferring, therefore not overlaying them on this article.
Airline Companions
| Airline | Loyalty Program | Switch Ratio (Atlas Miles:Companion Miles) |
Switch Ratio (Edge Rewards: Companion Miles) |
|---|---|---|---|
| Singapore Airways | Krisflyer | 1:2 | 5:4 |
| Qatar | Privilege Membership | 1:2 | 5:4 |
| Etihad | Etihad Visitor | 1:2 | 5:4 |
| United | Mileage Plus | 1:2 | 5:4 |
| Ethiopian Airways | Sheba Miles | 1:2 | 5:4 |
| Turkish Airways | Miles & Smiles | 1:2 | 5:4 |
| Air France KLM | Flying Blue | 1:2 | 5:4 |
| Spice Jet | Spice Membership | 1:2 | 5:4 |
| Air Asia | Air Asia Rewards | 1:2 | 5:4 |
- Anticipated turnaround time to switch: 1 Day for Etihad, Air France, united & Spice Jet (others: 10 Days)
Lodge Companions
| Lodge | Loyalty Program | Switch Ratio (Atlas Miles:Companion Miles) |
Switch Ratio (Edge Rewards Miles:Companion Miles) |
|---|---|---|---|
| Marriott | Marriott Bonvoy | 2:1 | 5:4 |
| ITC | Membership ITC | 1:2 | 5:4 |
| IHG | IHG Rewards | 1:2 | 5:4 |
- Anticipated turnaround time to switch: 1 Day for Marriott & IHG / 10 Days for ITC
Be aware: Axis programs have been having a problem initially when it went stay a day again. So whereas transferring ensure you’re seeing the right “switch ratio” within the slider.
What’s the reward fee?
If you happen to spend 1 Lakh on Axis Magnus and Reserve, that is what you get:
- Magnus: 4800 +20,000 (milestone profit) = 24,800 associate Miles
- Reserve: 6000 Companion Miles
Magnus is certainly a MIND BLOWING card for spends upto 1L, for spends increased than a lakh, Reserve is healthier. For worldwide spends, reserve is the one card you ever want going ahead, because it offers 2X rewards.
So when you take a look at the reward fee angle on common home spends, it seems to 2.4% – 4.8% on Magnus (~24% on 1L spend) and three% to six% on Reserve assuming a conservative worth of 0.50 INR to 1 INR on choose associate factors and miles.
Nevertheless it’s certainly not a simple sport when you do-not know what you’re doing. For many cardholders, Marriott & ITC factors transfers are easy to start with. And for the consultants the airline switch might come helpful.
With this addition American Specific Credit score Playing cards looses its main USP (Marriott switch) and so spends will transfer to Axis Premium Playing cards, as reward fee is lot higher with Axis.
I imply why would anybody use Amex Platinum cost to earn 2.5K Marriott Bonvoy factors (1L spend) when you can earn 4.8K(Axis magnus) or 6K(Axis reserve) as an alternative?!
The right way to Switch?
It’s tremendous easy and you are able to do it in matter of few clicks.
- Login to Journey Edge portal (use the identical login credentials you employ for Axis a/c login)
- Select “Hyperlink Member” on the highest proper. Fill the main points of the switch associate.
- As soon as achieved, select “Switch Rewards” on high proper, select this system and factors required to switch utilizing the slider and submit.
- It takes anyplace between 1-10 days for the switch to occur.
I’ve simply achieved a fast switch to ITC (not 50K) and can report the switch velocity shortly. ITC ideally takes 10 days it appears however Marriott must be lot sooner.
Axis says 1 day for Marriott switch, may get achieved immediately as its the case with Amex Marriott switch not too long ago.
Closing Ideas
What can I say! The golden age of Indian bank cards has simply begun. Benefit from the complimentary flight ticket redemptions and lodge stays so long as you would like.
Make hay whereas the solar shines!
To not neglect that the solar is shining for the second time in current instances and you understand how lengthy it lasts.
So we’d see some adjustments on conversion ratio in future as increasingly more cardholders discover the factors switch possibility, simply as all the time which occurs with any profitable program.
However I hope we can have enough time to get pleasure from the advantages and maybe that helps us to finally discover the Life past Credit score Card Rewards.
*** Comfortable days forward ***
