Axis Magnus Credit Card Review

[Copycat]

What is the cap on RP for insurance transactions? Is it 100k per transaction (6000rps) or per transaction per day? I.e if I do 2 separate transactions of 1L each on same day will both earn 6000 rps

6K per transaction

https://campaign.axisbank.com/generic/faq_revision-of-edge-reward-on-Insurance-spends-using-magnus-credit-card.pdf

 

[bothrag]

6k Edge Rewards per insurance transaction
No limit on no of transactions

Thanks

 

[BVCBVC is verified member.]

If the card number is different then it should be separate
I still don’t have Magnus add-on to test the Same

Yes I do have an Add on card for Magnus card, and both works independently on BOGO BMS Offer. so we get double benefit.

 

[anirban.choudhuryanirban.choudhury is verified member.]

Yes I do have an Add on card for Magnus card, and both works independently on BOGO BMS Offer. so we get double benefit.

Yes
I have verified with my addon also
Separate bogo offer in add-on

 

[Uday1]

Yes
I have verified with my addon also
Separate bogo offer in add-on

sir reply to my dm

 

[PlayStation DX]

Benefit of add-on card other than lounge access?

Your family members' spends can be done on add on cards that will help with achieving monthly milestone....

 

[manjur_n1]

How to get maximum value from axis magnus edge rewards?

 

[Wealth is my birth right!]

How to get maximum value from axis magnus edge rewards?

Airmiles and hotel loyalty are vfm imo

 

[cooltechno]

Hi, I already have LTF Diners Club Black card. Are there any additional benefits of getting Axis Magnus Card? Can someone please elaborate on the hype of this card

 

[Maxwell]

No don’t do that mistake
All ur account credits are treated as business income as per IT act
I used to pay other card bills

Please help with the procedure to pay other card bills to avoid IT hassle, I would really appreciate your help

 

[Wealth is my birth right!]

Please help with the procedure to pay other card bills to avoid IT hassle, I would really appreciate your help

Load paytm with other cc and use the balance to pay desired cc bill
Paytm full kyc required

 

[a_tease]

Hi All, I got my Axis Magnus today, but Limit available is just 3 lakh. From this forum I have learned that Credit utilisation should be kept low and less than 30% for sure so that CIBIL is not affected, but if limit is just 3 lakhs and I target 1 lakh for the extra 25k points, won't my CIBIL go down ?😔😔

 

[WhoU]

Hi All, I got my Axis Magnus today, but Limit available is just 3 lakh. From this forum I have learned that Credit utilisation should be kept low and less than 30% for sure so that CIBIL is not affected, but if limit is just 3 lakhs and I target 1 lakh for the extra 25k points, won't my CIBIL go down ?😔😔

It’s total credit limit (of all banks credit card) and not per card. Hopefully you have some other cards with good credit limits to keep your total utilization below 30.

 

[a_tease]

It’s total credit limit (of all banks credit card) and not per card. Hopefully you have some other cards with good credit limits to keep your total utilization below 30.

I do, and thankyou for sharing the information.

I learnt something new today.🙂

 

[Wealth is my birth right!]

I do, and thankyou for sharing the information.

I learnt something new today.🙂

Just check ur credit score in paytm they show no of cards vs total limit and spend percentage I mean credit utilization which generally be less than 10% in my case overall limit 26 lac and in a month I never spend more than 2.5l so far

 

[Maxwell]

Load paytm with other cc and use the balance to pay desired cc bill
Paytm full kyc required

Loading the Paytm wallet will not be considered for edge rewards milestone benefits, is there any other way to pay the CC bill with credit card and still get the milestone benefits

 

[a_tease]

Hi, I already have LTF Diners Club Black card. Are there any additional benefits of getting Axis Magnus Card? Can someone please elaborate on the hype of this card

Meet and Greet service
Unlimited lounge access within India with priority pass

 

[a_tease]

Please help with the procedure to pay other card bills to avoid IT hassle, I would really appreciate your help

Bharatnxt and HDFC bill pay (i haven't tried either of them myself)
If you want to use debit card for bill payment, then you can use cheq

 

[Avid_snake]

Meet and Greet service
Unlimited lounge access within India with priority pass

Unlimited lounge is anyhow there in DCB also. Meet and greet is not really a very necessary feature.

Axis Magnus is useful only if there 3-4 months in a year where one spends more than 1L which makes the rewards lucrative.

 

[partritronix]

Hi All, I got my Axis Magnus today, but Limit available is just 3 lakh. From this forum I have learned that Credit utilisation should be kept low and less than 30% for sure so that CIBIL is not affected, but if limit is just 3 lakhs and I target 1 lakh for the extra 25k points, won't my CIBIL go down ?😔😔

You can also pre payment some amount before bill generation to show credit utilisation low.