Question about Magnus Burgundy

[drabhishek90]

There is absolutely no point taking this card with less than 10L credit limit.

I have M4B with credit limit of 2.7 lacs only. 🤣

 

[imdjay]

Reward structure is based on the calendar month or the statement?

 

[tachniki]

I have M4B with credit limit of 2.7 lacs only. 🤣

How much benefit do you manage annually with that limit after restriction of benefits available only till CL + 1.5 limit

 

[drabhishek90]

I will upload my ITR and hope that they increase the credit limit. What else I can say. I had reached the 2 lacs Group A points earlier this year before the limit came.

 

[tachniki]

I will upload my ITR and hope that they increase the credit limit. What else I can say. I had reached the 2 lacs Group A points earlier this year before the limit came.

I got my limit more than doubled about a month back for Non M4B card. They were pretty cool about it. They should definitely do it for M4B.

 

[mojo_jojo123]

Also is it true that m4b is required only while redeeming, so for now I can get magnus for earning as the earn rate is similar and when I transfer points I upgrade to m4b

yes this is allowed

 

[spazz]

There is absolutely no point taking this card with less than 10L credit limit.

yep this is why I dropped my chase of that card. I'm making the most of my Atlas with a 1.48L limit. Axis refuses to increase my limit.

 

[theglobalinvestor]

I got my limit more than doubled about a month back for Non M4B card. They were pretty cool about it. They should definitely do it for M4B.

How did you do this?

 

[tachniki]

How did you do this?

Sent a mail support. They asked payslip. Gave them.

 

[theglobalinvestor]

Sent a mail support. They asked payslip. Gave them.

I did this but just kept getting (auto?)responses asking to submit payslips over and over again even though I had already attached them. Which email did you send to?

 

[tachniki]

I did this but just kept getting (auto?)responses asking to submit payslips over and over again even though I had already attached them. Which email did you send to?

Check if they are asking anything specific in payslip. For me they wanted masked aadhar in special format. So, I had to tamper with a genuine document to mask aadhar.

 

[drabhishek90]

Check if they are asking anything specific in payslip. For me they wanted masked aadhar in special format. So, I had to tamper with a genuine document to mask aadhar.

masked aadhar is downloaded from the uidai site officialy. There is no need to tamper it.

 

[tachniki]

masked aadhar is downloaded from the uidai site officialy. There is no need to tamper it.

Yeah. But UIDAI site doesn't have my payslips. 😁

I could have worded my sentence better. They needed payslip where payslip should not have aadhar number or if it has, it should be masked. And masking should only be in xxxx-xxxx-1234 format. They didn't accept if just blur the first 8 chars of aadhar. 🤷🏾

 

[Jitendracht]

Also is it true that m4b is required only while redeeming, so for now I can get magnus for earning as the earn rate is similar and when I transfer points I upgrade to m4b

yes thats smart trick . but we need to see few points
1. limit on magnus will be same as on M4B
2. points earned on magnus will be considered for M4b for redeem

 

[sachbs]

Will I be eligible for a M4B if I open a burgundy savings account with a funding of 10 Lakhs? I am also planning to purchase a car in the 10-15 Lakh range. Currently hold an atlas with 2.7 L Limit. Have no use case for M4B post the car purchase, will probably cancel the card after 6-7 months.

 

[sachbs]

yes thats smart trick . but we need to see few points
1. limit on magnus will be same as on M4B
2. points earned on magnus will be considered for M4b for redeem

How can we confirm these points?