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Axis Magnus (Considering Post Deval rewards) vs HDFC DCB for 6L spends

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The
rojajimmy said:
I have the DCB LTF as I had the moneyback for a few years and for a whole year I had spends of 5 lakhs/month and no defaults in payments of the same amount. I was offered DCB LTF when HDFC bank was banned from issuing new customers by RBI and they gave great upgrades to existing customers.
I do not travel a lot. (Though I would love to). 2013-2017 I had no international travel and 2018 I went to Canada, South Africa nad Maldives and 2019 I could go to Armenia in a friend's wedding. Again with COVID 2020 and 2021 no international travel. Last year I went to South Korea in August and finished the year with a trip to Dubai in December.

I love unlimited lounge access on DCB. (I have taken domestic flights more often though) and I just got the Axis Magnus in July so I am not sure if I will keep it after a year if the devaluation is this bad and I have to pay 12500 + GST and get nothing for that and nothing for 1 lakh spends per month.

My spends are not too much and DCB being LTF (and thus all HDFC cards LTF as a consequence - HDFC tata Neu and UPI Virtual as well because I have not been charged the 250 joining fees yet), I guess I will discontinue Magnus at the end of the 1st year. I hope my limit remains high though. I got it same as DCB at 828k and Axis sucks at LE. before this even after 10 years of holding Axis cards my limit is just 180k which was shared on Axis Ace, Axis FK and Kiwi. I had 4 cards after Magnus was approved but I did cancel Fk after the devaluation, so I am back to 3 now.
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main advantage will be on Travel edge and for spends on more than 1.5L a month. So, if we spend 2.5L in a month, 1.5L will earn 12ER, and 1L will earn 35ER. 1L @ 35 ER will fetch us around 17k ER.
 

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mowgli said:
I meant, as per RBI rule, min one month notification is required to be given to customer. On that aspect, September 1st onwards, bank can change it to 5:2. like eg, the ER 25k reward is also coming up for spends in Aug (in 90-120 days). so, i was just saying 5:4 also, they could have allowed for ER accumulated till August end.
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they have given one month notice by announcing this in the previous month
 
xywowowvw said:
doesnt matter if you spend 1L or 1 cr as the maximum poitns transfer has been capped at 5L per year
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I agree. My point is, to achieve 25L yearly, 2.08L monthly requires to be spend. i am placing it on higher side, that if monthly spend is 2.5L monthly, then yearly, the ER accumulated is around 3.1ER. And to reach 5L ER cap, customers will need to spend around 3.5L INR monthly. I guess, by then, another CC will become beneficial 😇
 
mowgli said:
I agree. My point is, to achieve 25L yearly, 2.08L monthly requires to be spend. i am placing it on higher side, that if monthly spend is 2.5L monthly, then yearly, the ER accumulated is around 3.1ER. And to reach 5L ER cap, customers will need to spend around 3.5L INR monthly. I guess, by then, another CC will become beneficial 😇
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yes
after the devlalution earnings points doesnt make sense.
yes you can still use the 8 times meet and greet
1 time birthday offer and 1k off on bills of 2.5k every month
that alone will recover your fees
but if you look at it from a reward perspective it has lost its lustre
 
xywowowvw said:
yeh babu bhaiya ka scheme hai
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Download eazy diner app, and book restaurant thru it. PayEazy (like google pay) will be available and if after restaurant discount, the final bill is above 2.5k (no max ceiling), it is 1000 rs flat discount. Other card operators give % based discounts. Eg, citi offers 15% if bill amount is more than 4k
 
rojajimmy said:
1k off on bills of 2.5k every month? What and how is this?
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on your birthday (the date you declare on eazy diner), they add 3000 INR voucher, which you can use at any participating restaurant and get 50% off, and max discount of 3000 INR voucher that can be used.
eg, if your bill is 6000, u can use the voucher and pay only 3000. If bill is 4000, the voucher ”likely” will discount for 2000 only. Lower than 3000 to apply the voucher never tested, please check once
 
PlayStation DX said:
After the devaluation, is it safe to say that even paid DCB is better than magnus?
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Best card among magnus, mrcc, dcb & platinum

I have the following cards: 1. Got magnus 1 month back :( 2. LTF DCB 3. Amex mrcc 4. Amex platinum travel (milestone achieved) 5. Sbi cashback My monthly spends are around 60-70K, can push to 1L for a few months of the year. And i primarily use these cards to buy Apay GV and pay...
www.technofino.in www.technofino.in
check this page. you could be right
 
4uziaul said:
EazyDiner.
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Meri ma bahar ka khana khaane nahi deti. Kehti hai cancer ho jayega. 🙄
jokes apart, all my friends are married and have kids and family so I have 2 friends left and they are both too busy to go out with me as well. EazyDiner use karne ke liye Dating apps pe jana padega
 
rojajimmy said:
Meri ma bahar ka khana khaane nahi deti. Kehti hai cancer ho jayega. 🙄
jokes apart, all my friends are married and have kids and family so I have 2 friends left and they are both too busy to go out with me as well. EazyDiner use karne ke liye Dating apps pe jana padega
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Papa ko leke jao 😛
jokes apart, indulge in your-self at a nice place once in a while. You deserve it
 
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