AXIS MAGNUS : Is it still worth it?

[drabhishek90]

I know the most obvious answer for most of you guys will be NO.
But first hear me out.
I had an ATLAS cc which is already maxed out for its benefits. Maxed out in the sense that I am already close to 30000 points which is the limit for this year transfer to group A. I don't find any value in transferring to group B.
I have around 5 lacs of upcoming expenditure due to home shifting. Will be needing to purchase new home appliances.
I don't have a good HDFC cc. Only have Regalia Gold which I don't use much.
So I tried to get Magnus Burgundy but axis being axis denied it 2 times despite meeting the criteria.

Finally I have decided to get plain paid Magnus card and use it next month for the complete 5 lacs transactions.

Do u guys think it is a good strategy?

 

[Dragon_slayer]

What criteria did you fulfilled ?

 

[drabhishek90]

What criteria did you fulfilled ?

AMB 10 lacs.
Initially I did a 30 lacs FD.
They rejected.
Then I did a 10 lacs SAVINGS ACCOUNT balance for 3 months.
They still rejected.

 

[Dragon_slayer]

AMB 10 lacs.
Initially I did a 30 lacs FD.
They rejected.
Then I did a 10 lacs SAVINGS ACCOUNT balance for 3 months.
They still rejected.

Did they gave any reason for rejection ?

I hold MB, and got it by doing FD, now moved to maintain 10L balance instead.

 

[drabhishek90]

They just said that I don't meet their internal criteria. Even the process of applying card was pathetic. No one knew what to do. The credit card guy asked me to get the TRV from my RM. I gave him the OGS that I get from the email. However, apparently that was insufficient. Then the RM sent me a TRV format which I had to personally go to the BM and get it filled. Still the CC guy said that the form is not upto the mark. So that's why it got rejected.

 

[Dragon_slayer]

Escalate to RBI, if you have all the records in email

 

[Dragon_slayer]

But in general, coming back to your actual question. No, normal mangus is not worth for 5L spend.

On the contrary, there's no better card than MB for 5L spend.

 

[drabhishek90]

No, the email conversation just said that you do not meet our internal criteria. So the CC can't be issued.

 

[drabhishek90]

I am thinking of using the Magnus for now. And will try after 3 months to get the M4B.

 

[aniketkr.sharma]

I am thinking of using the Magnus for now. And will try after 3 months to get the M4B.

I think you can move to icici to get emarlde private metal

 

[drabhishek90]

I think you can move to icici to get emarlde private metal

I already have my hands burnt with ICICI service. Still their criteria of EPM is not clear to me.

 

[aniketkr.sharma]

I already have my hands burnt with ICICI service. Still their criteria of EPM is not clear to me.

For tier 3 cities, you just need to bend branch manager sitting in front of him

 

[drabhishek90]

For tier 3 cities, you just need to bend branch manager sitting in front of him

will try then once.