Axis Bank has been one of the most reliable banks for those who are very interested in hotel transfers to Accor ALL for a long while. Earlier this year, Axis Bank ended the transfer partnership. However, there is a new bunch of updates with an overnight update from Axis Bank\n<\/p>\n
Three partners move to Group A<\/h3>\n
Axis Bank uses a concept where cheaper partners move to Group B, and more expensive partners move to Group A. The partners that are now under Group A from Group B include<\/p>\n
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- Air India<\/li>\n
- Air France \/ KLM Flying Blue<\/li>\n
- Qantas<\/li>\n<\/ul>\n
This means these partners now have much more restrictive quotas. For Atlas, for instance, the quota is just 30,000 points out per annum.<\/p>\n
Axis Bank shakes up transfer partnerships effective September 23, 2026<\/h3>\n
Axis Bank Credit Card members will wake up on September 23, 2026, to see some of their favourite transfer partners return, and some new partners added. These include:<\/p>\n
- \n
- Accor ALL<\/li>\n
- Lufthansa Miles & More<\/li>\n
- Cathay Pacific<\/li>\n
- Hilton Honors<\/li>\n<\/ul>\n
ITC Hotels has been removed from the list.<\/p>\n
Accor ALL became a favourite among many people across India, who started their relationship with Axis Bank during the Axis Bank Magnus Credit Card<\/a> era, mainly because of the direct currency value assigned to Accor points, which roughly came to INR 2 per point. Axis Bank was one of the largest buyers of ALL points globally, and the conversion was a hit. However, as the INR fell, costs became difficult for Axis Bank to absorb, and volumes were extremely high. Now, it is back.<\/p>\n
Now, Accor is back, but the new transfer ratio is 5:2 for Magnus to Burgundy (half the earlier ratio), which basically makes it useless for someone planning to head into Raffles and stay there for a month.<\/p>\n
But that is not the only change. A few other partners have also changed their transfer ratios. For instance, with ALL and the newly added Cathay<\/p>\n
\t<\/p>\n
- \n
- For Magnus Burgundy Cardmembers, the conversion has changed from 5 ER: 4 Avios to 5 ER: 2 Avios<\/li>\n
- For Reserve and Magnus Cardmembers, the conversion has changed from 5 ER: 2 Avios to 5 ER: 1 Avios<\/li>\n
- For Olympus Cardmembers, the conversion has changed from 1 EM: 4 Avios to 1 EM: 2 Avios<\/li>\n
- For Atlas, the conversion has changed from 1 EM: 2 Avios to 2 EM: 1 Avios<\/li>\n
- For Horizon<\/a>, the conversion has changed from 1 EM: 2 Avios to 2 EM: 1 Avios<\/li>\n<\/ul>\n
Here is the updated transfer partner list with the ratios<\/p>\n
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And here is the classification list.<\/p>\n
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And before you start wondering how they could do this, this isn\u2019t a core product feature, so the card issuer had the right to change it at any time they deemed fit. Which is what they did. The full T&C are enclosed here<\/a>.<\/p>\n
Of course, these changes put some other credit cards in a good book \u00a0(to borrow from the current slang). These include HSBC Travel One.<\/a><\/p>\n
Among Axis Bank\u2019s own products, Atlas and Magnus for Burgundy got hit the hardest. With Atlas, the restricted limit now includes Air India (Group A), which means points movement must be chosen between domestic flights or international flights, with the puny 30,000 limit. \u00a0For Magnus for Burgundy cardmembers, you are just entitled to 200,000 transfer points with these partners. Unfortunately, that means it is as good as dead.<\/p>\n
Bottomline<\/h3>\n
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