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 ✌🏻​

 

[harshar]

Is there a limit to the accelerated rewards for the 10X Myntra gift vouchers from gyftr/giftedge?

 

[thedator]

Is there a limit to the accelerated rewards for the 10X Myntra gift vouchers from gyftr/giftedge?

No limits!

 

[vprajnya]

Finally i received my Magnus yesterday.
It took almost 23 days from KYC to Delivery of card.


Will i be eligible for monthly milestone in January.
Is the milestone calculated on the calendar month basis or Statement period?

Expiry date on the card is December(12).

 

[CMGCMG is verified member.]

Finally i received my Magnus yesterday.
It took almost 23 days from KYC to Delivery of card.


Will i be eligible for monthly milestone in January.
Is the milestone calculated on the calendar month basis or Statement period?

Expiry date on the card is December(12).

Yes. It doesn't matter when you got the card. You are eligible from card creation month as per the recent update.

Milestone is based on calendar month

 

[chandras]

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.

Did you get the card? How long it took from the time of approval sms to have the card delivered ?

 

[chetan123]

Sir why do you say that one has to pay 23,600 in charges. Let's say if I get this card in Nov 22, I have to pay joining fees in Nov 22 and then renewal fees is Nov 23, correct?

Same is my query: I think annual fee must be charged post 1 year. 🤔

 

[rajatsubhradebnath@gmail.]

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 ✌🏻​

Well researched 👍

 

[Arosaurabh]

Did you get the card? How long it took from the time of approval sms to have the card delivered ?

Just 3

Did you get the card? How long it took from the time of approval sms to have the card delivered ?

Just in 2 days on Tuesday got the card.

 

[Rajeev]

Any good resources for airmiles usage from an indian perspective?

 

[manzb]

The

Any good resources for airmiles usage from an indian perspective?

The best use is CV (Vistara) in domestic circuit if it suits your travel program considering they have limited coverage. It gives value between 70ps to max 90ps or so. International routes are valued less than 50ps for economy.
For international, I think United is a good option with better browsing and availability with lot many partners and in most cases the fees are reasonable. But For economy tickets, the value you may get is still around 50ps (sometimes even as low as 30ps). For Europe, Qatar Avios is also an option and many a times gives good value (upto 60/70ps). But availability might be an issue. Turkish I heard is a very difficult to browse and book.
The value goes up if you manage to book Biz class or First class (though quite difficult to get hold them basis your suitability).
Hotel bookings are mostly around 50ps unless you are booking exotic hotels in exotic locations like Maldives.

 

[Rajeev]

Thanks for the info. 🙂

 

[BMR]

The

The best use is CV (Vistara) in domestic circuit if it suits your travel program considering they have limited coverage. It gives value between 70ps to max 90ps or so. International routes are valued less than 50ps for economy.
For international, I think United is a good option with better browsing and availability with lot many partners and in most cases the fees are reasonable. But For economy tickets, the value you may get is still around 50ps (sometimes even as low as 30ps). For Europe, Qatar Avios is also an option and many a times gives good value (upto 60/70ps). But availability might be an issue. Turkish I heard is a very difficult to browse and book.
The value goes up if you manage to book Biz class or First class (though quite difficult to get hold them basis your suitability).
Hotel bookings are mostly around 50ps unless you are booking exotic hotels in exotic locations like Maldives.

Just need to understand this, as I use Vistara mostly and book tickets on CV miles.

So if I spend 1 lac in a month:
1) I will get 25000 axis edge points, which can be transferred to Vistara's points and I will get 20000 CV points when transferred to vistara?
2) Is there any capping or time liimit on the edge points that can be transferred this way?
3) When are the edge points credited to my account?

Thanks

 

[manzb]

Just need to understand this, as I use Vistara mostly and book tickets on CV miles.

So if I spend 1 lac in a month:
1) I will get 25000 axis edge points, which can be transferred to Vistara's points and I will get 20000 CV points when transferred to vistara?
2) Is there any capping or time liimit on the edge points that can be transferred this way?
3) When are the edge points credited to my account?

Thanks

1. You will get minimum 31000 points (6000 regular + 25000 milestone bonus)
2. I think no such limit (at least 100k plus definitely can be transferred)
3. Typically regular points in 3-5 days, travel edge bonus 5-7 days, milestone bonus in 3 months (they have credited Milestone bonus for Oct in Jan 23)

 

[amit]

1. You will get minimum 31000 points (6000 regular + 25000 milestone bonus)
2. I think no such limit (at least 100k plus definitely can be transferred)
3. Typically regular points in 3-5 days, travel edge bonus 5-7 days, milestone bonus in 3 months (they have credited Milestone bonus for Oct in Jan 23)

3. Sep milestone was credited in 69 days and Oct in 68 days.

 

[BMR]

1. You will get minimum 31000 points (6000 regular + 25000 milestone bonus)
2. I think no such limit (at least 100k plus definitely can be transferred)
3. Typically regular points in 3-5 days, travel edge bonus 5-7 days, milestone bonus in 3 months (they have credited Milestone bonus for Oct in Jan 23)

Thanks got it. But how many CV points will I get if I transfer 31000 edge points to Vistara?

 

[amit]

Thanks got it. But how many CV points will I get if I transfer 31000 edge points to Vistara?

ratio will be 5:4, 31K = 24.8K

 

[Anarchronox]

I need to pay around 60k-1lakh electricity bill every month for the industrial setup. If I make that payment using Magnus, will it count towards the one lakh milestone?

Can the esteemed community shed some light on this?

 

[Venky]

I need to pay around 60k-1lakh electricity bill every month for the industrial setup. If I make that payment using Magnus, will it count towards the one lakh milestone?

Can the esteemed community shed some light on this?

Considering that you’ll have to make similar payments every month, the bank may flag your card. As it is a personal card and banks look down on usage of these cards for business purposes. But it will be counted towards milestone benefits. And unless they stop giving reward points for utility payments on Magnus, it should be fine.

 

[Anarchronox]

Considering that you’ll have to make similar payments every month, the bank may flag your card. As it is a personal card and banks look down on usage of these cards for business purposes. But it will be counted towards milestone benefits. And unless they stop giving reward points for utility payments on Magnus, it should be fine.

Thanks for the input.

Maybe, I should use different cards for making these payments. And hope that my luck does not run out.

 

[Venky]

Thanks for the input.

Maybe, I should use different cards for making these payments. And hope that my luck does not run out.

You can try making these payments with Magnus every 3-4 months. At least for a few times you’ll be able to maximise the benefits that way.