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 ✌🏻​

 

[amajethia]

Can you share the purchase value and rewards received?

Example - For a spend of INR 579, I received 24 points. Does it mean, Axis considers multiple of INR 200? In this example, if I had spent 21 more, I would have earned 36 points. Considering multiple of 200, I got only 24 points. Is this correct?

 

[kkk]

Yes

 

[CVR]

in axis you get points for spending only in multiples of 200..

 

[Copycat]

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?

I am not sure, but I think it is settlement date. I remember reading this somewhere, not in the milestone TnC but somewhere else. However, for the moment, I cannot remember where I read it. If I recall, I will reply to your post again. I could be totally mistaken; I may have read this is the TnC of some other bank/offer

 

[sky_walker_rules]

If I buy "An Amazon Pay eGift Card " from amazon itself, getting regular points, will it be counted as milestones?

 

[WhoU]

If I buy "An Amazon Pay eGift Card " from amazon itself, getting regular points, will it be counted as milestones?

Yeah, why not

 

[sky_walker_rules]

Yeah, why not

okay,i thought it may counted as wallet transcations

 

[CVR]

okay,i thought it may counted as wallet transcations

it will be wallet if u directly load into amazon pay wallet using credit card.. if u buy gift card it is not wallet load

 

[Arosaurabh]

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.


View attachment 6481

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 ✌🏻​

Thanks @Subhankar basis, your article, I decided to go for Magnus and chuck my Regalia LTF (not using any further for now) , as it was not getting upgraded to Infinia, Did a visit to Axis branch on Friday and today (Sunday) got an sms that card has been approved. Eagerly waiting to lay my hands on it.

 

[Arosaurabh]

Thanks @Subhankar basis, your article, I decided to go for Magnus and chuck my Regalia LTF (not using any further for now) , as it was not getting upgraded to Infinia, Did a visit to Axis branch on Friday and today (Sunday) got an sms that card has been approved. Eagerly waiting to lay my hands on it.

But the Axis bank executive didn't let me apply add on card at this stage, said that bank has stopped accepting Add on card application. And suggested i may apply for add on once i get my card approved & issued. Did any one else faced similar issue? And how easy it is to get add on card later.

 

[CVR]

But the Axis bank executive didn't let me apply add on card at this stage, said that bank has stopped accepting Add on card application. And suggested i may apply for add on once i get my card approved & issued. Did any one else faced similar issue? And how easy it is to get add on card later.

not easy

see this

Got Axis Magnus Addon: How to activate online transactions and Set Pin?

Anyone knows the process to activate Axis add-on card and set its pin?

www.technofino.in

 

[Harry1]

I have availed Meet & Greet service at Mumbai airport T2 on second week of this month. It was an amazing experience for me. One lady receptionist was waiting holding a board printed my name with a porter boy and electric buggy at gate no 1. Gate no 1 is particularly used for VIPs, politicians, celebrities & business class travel etc. She took our boarding pass and did all the tasks like check-in, security check and all the formalities. It took hardly 5-6 minutes times from entering the airport to reach at Adani lounge. Straight way she escorted us in business lounge. Our cards were not even swiped for entry in lounge. Indeed it was a very pleasant experience for me and my family.

Which is better lounge in Mumbai T2? Adani or TFS? Does Adani accept all cards?

Any working arrival lounge at T2 currently?

 

[harshar]

Is myntra shopping via gyftr vouchers a total of 52% value back, even before the 25k milestone??

for a 5k voucher I pay 4.8k with the 4% discount, and also get 10X or 48% worth of airmile value back (60% ERP)

 

[dishank_24]

Is myntra shopping via gyftr vouchers a total of 52% value back, even before the 25k milestone??

for a 5k voucher I pay 4.8k with the 4% discount, and also get 10X or 48% worth of airmile value back (60% ERP)

Yes correct.

 

[panchisa]

We can also pay insurance premiums, utility bills etc from Amazon pay and keep loading Amazon pay balance from gift edge portal to achieve monthly milestone. I wish if Amazon allows buying mutual funds with pay balance 😂

 

[Arosaurabh]

Can we log in to axis website with our credit card if we don’t have a savings account? Or is it only via an app we can see it?

Yes you can do that, go to net-banking, You will see an option on the right corner for Login> Personal > Register, It will take you to a new page, on that page select registered mobile no and rest is intutive, it will generate customer id and you need to create a password. Once it is done it you can log in with Customer id on main login page. And after completing this process if still don't see your customer id you can send sms on 56161600 with CustIDCC XXXX (last 4 digit of your credit card no) to fetch the customer id or can call on their call centre post registration for this info.

Though the information appearing is exactly same as appearing on App and is more convinient to access, but if you still want a desktop experience you can do that.

 

[alphadark7]

Which is better lounge in Mumbai T2? Adani or TFS? Does Adani accept all cards?

Any working arrival lounge at T2 currently?

Adani is better

There is an arrival lounge but its paid

 

[Harry1]

Adani is better

There is an arrival lounge but its paid

Yeah, used adani only.

On arrival, i used that arrival lounge too via Magnus PP. Many people here have confirmed that magnus pp can be used for domestic access too. So now I am just hoping that it will get reversed, when charged.

 

[WhoU]

Yeah, used adani only.

On arrival, i used that arrival lounge too via Magnus PP. Many people here have confirmed that magnus pp can be used for domestic access too. So now I am just hoping that it will get reversed, when charged.

Let us know once it does

 

[Vikash_Kumar]

Yes you can do that, go to net-banking, You will see an option on the right corner for Login> Personal > Register, It will take you to a new page, on that page select registered mobile no and rest is intutive, it will generate customer id and you need to create a password. Once it is done it you can log in with Customer id on main login page. And after completing this process if still don't see your customer id you can send sms on 56161600 with CustIDCC XXXX (last 4 digit of your credit card no) to fetch the customer id or can call on their call centre post registration for this info.

Though the information appearing is exactly same as appearing on App and is more convinient to access, but if you still want a desktop experience you can do that

Thank you for the details