Amongst one of the most contentious reward transfer partners for Axis Bank’s EDGE Rewards has been Accor’s ALL Programme. The programme offers Euro 40 worth of value on burning 2000 points, which turns into an INR 1.8 value per point, give or take. However, the standard of most Indian Accor properties is basically select service (Ibis), so these are usually not aspirational reservations.
Axis Bank notifies Accor transfers to 10:1 Ratio
When Axis Bank announced the changes to transfer ratios and the package of Reserve, the Bank had given up on the earlier version of their wishlist where they wanted to use a higher transfer ratio for Accor points. However, in a late-night communication sent to Reserve cardholders last night, there has been new verbiage that has been introduced, which reads as follows:
- You can transfer EDGE Reward points to domestic and international partners* across airlines and hotels as per the revised transfer ratio of 5:2 (5 EDGE Reward Points = 2 Partner Point/Mile)
- *For Accor, transfer ratio will be 10:1 for Reserve (10 EDGE Reward Points = 1 Partner Point/Mile)
And before it goes away (if it does), here is a screen grab of the notification as well:
For the record, this last-minute change of plans looks suspect since neither have Magnus holders yet heard of a similar change nor has the master set of rules around EDGE Rewards transfer been updated yet. I don’t see why Reserve Cardmembers get a change and Magnus does not.
Axis Bank Reserve Cardmembers have received notification from the bank that the transfer ratio for Accor transfers from their EDGE Rewards will become 10:1 effective September 1, 2023. No other changes have been notified to any other card so far. This strikes as odd as Axis Bank selectively change terms for one card while letting others slip through.
What do you think of this change for Axis Bank Reserve Cards?
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