Axis Magnus : Optimal Usage Guide and Valuation

Axis Magnus is undoubtedly the hot cake in the credit card community now. Everyone is jumping for it just because they just don't want to miss out. There are people who also are thinking if it's the right card for them or not as their spending is not at the higher end. This article is going to be useful for them as well as who're already holding this card but haven't made a proper spending calculations and value calculations.




First Let's talk about what are the features that make Magnus the best card out there in overall manner.

Sweet Spots:

1. Flat 4.8% reward rate
2. 25K bonus Edge RP on monthly ₹1L milestone, boost return to 24.8%
3. 5x RP on Travel Edge, Gift Edge with no cap on bonus RP
4. Markup is 2% + GST. Only useful if hitting ₹1L spending milestone in a calendar month.

Now the 3 Categories of People are:

1. Category 1: ₹12L to 15L of spending per annum

2. Category 2: ₹7L to ₹11L of spending per annum

3. Category 3: ₹4L to ₹6L of spending per annum

For all the 3 Categories you can identify yourself to which you do belong & thus you know where you do spend. Thus not going category wise spending.

Rather what I’m elaborating is where you can earn more and how much is the valueback even if you pay both the joining & annual fee


💸 Category 1:

With ₹12L-15L of spending you’re paying joining fee as well as annual fee unless you’re hitting ₹15L annual spends.

Assuming that you’re hitting 1L milestone for at least 10 months.

Total milestone RP: 25K * 10 = 2.5L RP

For 12L Spends: 6K * 12 = 72K RP

For ₹15L Spends: 6K * 15 = 90K RP

Total RP Gain:

For ₹15L = 2.5L + 90K = 3,60,000 Edge RP

For ₹12L = 2.5L + 72K = 3,22,000 Edge RP

Equivalent KF Miles:

For ₹15L = 2,88,000

For ₹12L = 2,57,600

That’s 2x BOM/DEL 🔁 SIN round trip in F class for you in both the cases

Fee Vs Value:

For 15L of annual spends you’re getting fee waiver. You’re paying only ₹11,800 as joining fee

For 12L of annual spends you’re paying both joining and annual fee. You’re paying ₹23,600

In both cases you’re getting ₹10K Tata Cliq voucher + ₹6L worth Flight Fare


💸 Category 2:

For ₹7L-₹11L of spending you’re paying both the joining and annual fee.

Assuming that you’re hitting ₹1L milestone at least for 5 months.

Total milestone RP: 25K * 5 = 1.25L RP

For ₹7L Spends: 6K * 7 = 42K RP

For ₹11L Spends: 6K * 11 = 66K RP

Total RP Gain:

For ₹11L = 1.25L + 66K = 1,91,000 Edge RP

For ₹7L = 1.25L + 42K = 1,67,000 Edge RP

Equivalent KF Miles:

For ₹11L = 1,52,800

For ₹7L = 1,33,600

That’s BOM/DEL 🔁 SIN roundtrip 1) 1x in Business Class & 1x in Economy Class
Or 2) 1x in F Class

Fee Vs Value:

For both cases you’re paying joining + annual fee, which is ₹23,600 in total.

You’re getting 10K Tata Cliq Vouchers in both cases of joining and renewal. ₹1.85L (Business + Economy) or ₹3L worth of Flight Ticket.


💸 Category 3:

For ₹4L-₹6L of spending you’re paying both the joining and annual fee.

Assuming that you’re hitting ₹1L milestone at least for 3 months.

Total milestone RP: 25K * 3 = 75K

For ₹4L Spends: 6K * 4 = 24K

For ₹6L Spends: 6K * 6 = 36K

Total RP Gain:

For ₹6L = 75K + 36K = 1,10,000 Edge RP

For ₹4L = 75K + 24K = 99,000 Edge RP

Equivalent KF Miles:

For ₹6L = 88,000

For ₹4L = 79,200

That’s BOM/DEL 🔁 SIN round trip 1) 1x in Business Class. 2) 2x in Economy Class

⚠️For ₹4L spends you’re short of 6K Miles

Fee Vs Value:

For both cases you’re paying joining + annual fee, which is ₹23,600 in total.

You’re getting 10K Tata Cliq Vouchers in both cases of joining and renewal. ₹1.2L (Business) or ₹1.3L (2x Economy) worth of Flight Ticket


Above all are the “Flat Value” calculations and ofcourse, real life usage will differ from one individual to another, but that’s what you get at those spending brackets.

That’s not the all, with Magnus you’ve access to quite a decent amount of accelerated RPs, monthly.


Accelerated RP Earning:

Gift Edge:

1. 3x RP on amazon voucher, with a monthly capping of ₹10K worth of vouchers
2. 5x RP on Croma, Tata Cliq, Flipkart, Kalyan Jewellery, PCJ, Reliance Digital, Blinkit etc
3. 10x RP on Myntra, Shopper’s Stop, Pantaloons, Yatra, MMT, KFC, Pizza Hut, Domino’s etc

Travel Edge:

You get 5x RP if you book flight and hotels via Travel Edge

Grab Deals:

Often you can see cashback or accelerated RP through it, but comes with capping

As you can see most of you basic needs will be covered with the vouchers

This is an overall usage guide, it’s not meant to be 100% suitable for an individual as everyone has different kind of spendings.

The best you can do is to firstly write down your spending categories, check if you can buy the GVs to spend in those then optimise it accordingly ✌🏻​

 

[alphamagnus]

People buying gift vouchers of Rs5000 for 12500 reward points. I am ready to buy miles (1.25 edge reward points worth) at 50p each. So you get the exact amount as voucher and can spend as you want.

 

[kkk]

People buying gift vouchers of Rs5000 for 12500 reward points. I am ready to buy miles (1.25 edge reward points worth) at 50p each. So you get the exact amount as voucher and can spend as you want.

Even I am ready. And I need it urgently. So I am ready to pay more as well.

 

[alphamagnus]

Even I am ready. And I need it urgently. So I am ready to pay more as well.

How much per mile? I can sell too at a good price😂

 

[kkk]

How much per mile? I can sell too at a good price😂

I need around 78k IHG points. Currently I am planning to buy points under their 80% bonus offer and it's coming at around 440$(~Rs. 36,080). So, you can give a number and how we can proceed if we agree on same number.

 

[alphamagnus]

This is less than 50p😂 (36k/78k). Do you get good redemption on IHG hotels? I am basically of an opinion that the entire community should exchange miles at a fixed rate. That way if one can get good redemptions, he uses so.

 

[kkk]

This is less than 50p😂 (36k/78k). Do you get good redemption on IHG hotels? I am basically of an opinion that the entire community should exchange miles at a fixed rate. That way if one can get good redemptions, he uses so.

I have plans for abroad travel and am getting good deal for 4 nights for 78k IHG points.

 

[thedator]

@kkk where abroad are you getting good deals with IHG? I cant seem to find a good place for IHG usage.

Do note that in general points from Bank rewards can be transferred only to the same name accounts. Not sure of Axis though.

Once miles / points are in the provider account you can generally transfer to someone. Eg you can transfer IHG points at a cost and Marriott for free (upto 100k points a year for Marriott).

 

[alphamagnus]

Yes. Points are non-transferable but miles are usually. IHG is currently running a 80% bonus promotion it seems.

 

[kkk]

@kkk where abroad are you getting good deals with IHG? I cant seem to find a good place for IHG usage.

Do note that in general points from Bank rewards can be transferred only to the same name accounts. Not sure of Axis though.

Once miles / points are in the provider account you can generally transfer to someone. Eg you can transfer IHG points at a cost and Marriott for free (upto 100k points a year for Marriott).

Actually, due to 80% bonus points(it's account specific, some have got 100% bonus as well), it's coming out to be a good deal. Normally I think it will not be great.

 

[amajethia]

I booked flights through travel edge but didn't receive accelerated edge points. In the axis app, it's showing only normal points. Are accelerated points credited later?

 

[Copycat]

I booked flights through travel edge but didn't receive accelerated edge points. In the axis app, it's showing only normal points. Are accelerated points credited later?

Yes, 90-120 days later

 

[amajethia]

Yes, 120 days later

Wow! Thanks for the quick response.

 

[manzb]

I booked flights through travel edge but didn't receive accelerated edge points. In the axis app, it's showing only normal points. Are accelerated points credited later?

Travel edge 5X points nowadays gets credited in 7-14 days max.

 

[Copycat]

Travel edge 5X points nowadays gets credited in 7-14 days max.

Thanks for the update. I didn't know that. I thought it was the standard 90-120 days

 

[WhoU]

What is the benefit of travel edge? Does it offer any additional discount or only 5X rp? And is it 10x on Magnus? (Read somewhere 2x on online flight bookings)

 

[amajethia]

What is the benefit of travel edge? Does it offer any additional discount or only 5X rp? And is it 10x on Magnus? (Read somewhere 2x on online flight bookings)

Problem with travel edge is that there is standard fare available for flights, which has standard cancelation charges. Example Indigo provides felxi fare but this option is not available on travel edge. The only benefit booking through travel edge is zero convenience fees and 5x points.

 

[GodFather]

Problem with travel edge is that there is standard fare available for flights, which has standard cancelation charges. Example Indigo provides felxi fare but this option is not available on travel edge. The only benefit booking through travel edge is zero convenience fees and 5x points.

So basically travel edge should be used only your plan is 100% sure

 

[Salvator]

For Magnus monthly milestone does the date of transaction count or settlement date?
For example if I do a transaction on 31st December and it is settled on 3rd jan will it be counted for the December month monthly milestone?

 

[amajethia]

I am getting rewards @9, 10, 11 etc. per INR 200 spent and not @12 for all transactions. What is the reason?

 

[CMGCMG is verified member.]

I am getting rewards @9, 10, 11 etc. per INR 200 spent and not @12 for all transactions. What is the reason?

Can you share the purchase value and rewards received?