Magnifi Credit Card Discussion

[kuchbhikuchbhi is verified member.]

Federal x Fi have again started issuing their co branded Magnifi card.

Here’s a concise list of Fi Magnifi Card benefits :

• Lifetime free – no joining or annual fees
• 20% instant discount on top brands like Amazon, Zomato, Zepto, and BookMyShow on weekends
• 5% cashback on weekend spends (shopping, dining, travel, etc.)
• 0.5% cashback on weekday spends
• Rewards earned as Fi Points, redeemable for gift cards, flights, or bill payments
• No minimum spend requirement
• Usable online and offline everywhere
• Potential annual savings up to ₹25,000 (as per Fi estimates)

More info https://fi.money/documents/credit-card/magnifi/important-tnc

So should someone apply for this card considering weekend reward rate and 20% instant discount upto 100 for purchasing 500 stuff 🌚

 

[kmkmahesh]

Is this co-branded credit card.
Also non fi users are eligible??

NO, I closed my FI Account they even closed the Magnifi CC without informing about that.

I think you need to have an account with Federal, to get to the next level of your card application. The App is checking that after you give PAN, DOB n NAME.

Fi account is mandatory to use this, even closing the Fi account will close this Credit Cards Issued using Fi App.


I did not get any benefit from this card and anyway. You guyz try your luck.

Some one who are holding this card must share the feedback about the weekend discounts.

 

[Sai Ganesh]

i tried to use this card on amazon , i am not getting any discount for the same

we must get 20% discount upto 100 , i tired to purchase for more than 500 but no discount yet.

I dont think so the card is useful

 

[kuchbhikuchbhi is verified member.]

i tried to use this card on amazon , i am not getting any discount for the same

we must get 20% discount upto 100 , i tired to purchase for more than 500 but no discount yet.

I dont think so the card is useful

Works on sat and sun try then I g

 

[Sai Ganesh]

Works on sat and sun try then I g

oh really ? thank you so much bro will try and update here

 

[kmkmahesh]

i tried to use this card on amazon , i am not getting any discount for the same

we must get 20% discount upto 100 , i tired to purchase for more than 500 but no discount yet.

I dont think so the card is useful

If you have any chance try to buy Amazon Pay Gift Cards from amazon and post here even those gift cards got any discount. It really helps others who have any interest to apply for that card.

 

[Sai Ganesh]

If you have any chance try to buy Amazon Pay Gift Cards from amazon and post here even those gift cards got any discount. It really helps others who have any interest to apply for that card.

that is the reason , i myself got this card

sorry couldnt try at saturday or sunday as i was busy , will update here shortly by checking on this weekend

 

[kmkmahesh]

that is the reason , i myself got this card

sorry couldnt try at saturday or sunday as i was busy , will update here shortly by checking on this weekend

No issues bro, we have so many weeks to get their end anyway.

Try and post How much max possible discount in number and percent you got.

 

[iamdhamo]

It’s 4 point =1, but the card final valueback is 5%

It's 5 point I suppose if fi points

 

[suhasa010]

I stay away from any "Fi" products because of their convoluted, confusing, misleading T&Cs. Closed Fi account because of the same reason. Fi Points became more useless by the day.
Even if they offer lifetime free with 5% "value" back, I am good.

 

[Sai Ganesh]

Hi Team

An update -> On saturday I checked with Magnifi credit card on Amazon , i got 100 rs discount which is 20% , they have put processing fees of 9 rupees as offer charges.

1 more thing , i have checked on Sunday around 10 PM but i didnt get the discount , so not sure if the offer is applicable only on Saturday.

1 more query also i have , Federal bank cc gives 5% discount for bill payments and mobile recharges , if we do on weekend do we get 5% returns for this also ? Has anyone tried ?

 

[kuchbhikuchbhi is verified member.]

1 more thing , i have checked on Sunday around 10 PM but i didnt get the discount , so not sure if the offer is applicable only on Saturday.

100 discount applicable only once a month afaik

Federal bank cc gives 5% discount for bill payments and mobile recharges

where is this mentioned?

 

[Sai Ganesh]

100 discount applicable only once a month afaik

where is this mentioned?

s bro 100 discount applicable only once a month , i just checked for the offer , i didnt do checkout

check in paytm app bro , they used to give 5% discount for recharges/bill payments but not sure if its still active

 

[kuchbhikuchbhi is verified member.]

they used to give 5% discount for recharges/bill payments but not sure if its still active

may be it was for other core cards

I don't now whether its active yet or not

 

[Sai Ganesh]

may be it was for other core cards

I don't now whether its active yet or not

no bro sorry my miss

they used to give for federal before , now they removed

i think they have partner with HSBC now

 

[cred-it]

Existing Federal card holder eligible?

Ya , btw they are live with au bank too