Also, if you have Axis Magnus and major component of 50 lakhs source is cash, park 10 lakhs in Axis and get burgundy. After this, you can spend till you hit 5 lakh ER points and the transfer it at 5:4. You will get 35 ERs per 200 after you have spent 1.5 lakhs in the month. After this, you can downgrade the burgundy.