Axis Magnus LTF - Is it possible to get?

[anish1516]

Has anyone got Axis Magnus LTF? If yes, how?

 

[mojo_jojo123]

This comment didn't age well, lol

Please don't make fun .. if it comes true .. we all will be screwed badly ..

 

[mojo_jojo123]

salary > 5L per month .. that too cash credit post taxes and deductions .. I think only top 0.5% Indians may be getting ..

 

[grshnehete]

I think major devaluation will not happen because Axis (or other banks) earn good amount of money on every swipe. I guess it's around 1-1.5% of the amount. So people flocking to get Magnus and spending lots of money for reward points will be much higher as well. Don't forget around 20% of credit card holders default and there is big money for them.

My wish is Axis to continue the card as it is & competition come in to tackle this. It's a win win for us then.

 

[Harry1]

salary > 5L per month .. that too cash credit post taxes and deductions .. I think only top 0.5% Indians may be getting ..

More like 0.01%

 

[sidharthcc]

S

I think its possible: here is the post

Get Axis Bank's Magnus and IOCL Credit Cards as Lifetime Free

With all the new benefits, Axis Bank's Magnus and IOCL Credit Cards can be called as the best permium credit card.

cardinsider.com

Salary > 5L is the requirement

 

[mojo_jojo123]

S

Salary > 5L is the requirement

that too post all deductions ..

 

[Shrinit Padwal]

salary > 5L per month .. that too cash credit post taxes and deductions .. I think only top 0.5% Indians may be getting ..

Top 1% is 16L annually in India-> https://www.financialexpress.com/li...=India | Rs 16 Lakhs,or Rs 16,13,073 annually.

So 5Lpm is easily 0.01 to 0.005%

 

[mojo_jojo123]

Top 1% is 16L annually in India-> https://www.financialexpress.com/lifestyle/from-uae-to-india-heres-how-much-you-should-earn-annually-to-be-in-the-top-1-of-different-countries/3002981/#:~:text=India | Rs 16 Lakhs,or Rs 16,13,073 annually.

So 5Lpm is easily 0.01 to 0.005%

5Lpm cash credit in bank means fixed should be more then 1.5 cr ... or even higher .. may be 2cr

 

[Shrinit Padwal]

5Lpm cash credit in bank means fixed should be more then 1.5 cr ... or even higher .. may be 2cr

After earning 2 cr, will someone worry for Magnus LTF? They can easily cross the annual fee waiver threshold with that earnings

 

[Wealth is my birth right!]

After earning 2 cr, will someone worry for Magnus LTF? They can easily cross the annual fee waiver threshold with that earnings

With that earnings one should aim Amex centurion card 😊

 

[rj_arora]

Finally, magnus is approved. It shows in the App but not shipped yet. Is it fine if I unbox it in the axis app and use it online? Any danger of doing so?

 

[anirban.choudhuryanirban.choudhury is verified member.]

We are luckily crossing 5months
So till December hope Magnus card continues milestone benefits of 25k🤞

25k milestone will always be there as that is not gives as a offer rather , it’s core USP of card as a devaluation they will limit nature of transactions that will be counted in 1 lakh and post that devalue the ER itself , apply cap on gyftr earnings etc

 

[Harry1]

25k milestone will always be there as that is not gives as a offer rather , it’s core USP of card as a devaluation they will limit nature of transactions that will be counted in 1 lakh and post that devalue the ER itself , apply cap on gyftr earnings etc

It wasn't launched with this feature.

Also, it was launched with some 2x feature in mmt. But that got discontinued.

Anything can change anytime.

 

[anirban.choudhuryanirban.choudhury is verified member.]

It wasn't launched with this feature.

Also, it was launched with some 2x feature in mmt. But that got discontinued.

Anything can change anytime.

True
Infact the card itself can get discontinued

But as long as the card is active there are other devaluations which would be taken care first before removing the 25k milestone

The major thing that this card has is unlimited points in travel edge and a massive cap on gyftr ( 2.5 lakhs purchase in a month )
Not even infinnia could manage unlimited points in smart buy they had to restrict it to 7500 per day and some 15k in a month