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 ✌🏻​

 

[Slayer]

@Copycat more like God_cat

 

[Copycat]

First Thanks! very detailed and helpful!

question can you elaborate on the below
Max transaction value per transaction: Rs 10000/-
Max transaction value per month: Rs 50000/-

my question is
- I know i can buy only 10k vouchers per month using Magnus from gyftr
- If i have a utility bill of 60k and i have been buying vouchers every month and have 60k do you mean to say i can only pay 50k? just need clarification on that

cheers

No, you can actually buy more than 10K per month of Amazon Pay vouchers using Magnus from Gyftr
Last month I bought 50K, this month 32.6K Amazon Pay vouchers
You just have to remember to keep the transaction value at 10K for each transaction. You can do this until you hit 50K for the month, then you can't buy any more Amazon Pay vouchers in that month

Also, as helloworld has pointed out what I said is with reference to Gyftr (Axis version). Amazon has its own rules regarding the number of vouchers you can combine and the transactions for which they are applicable.
In the past, I have paid a 1L insurance premium on Amazon with at least 40K worth of vouchers and the remainder via credit card. I could have added more vouchers but there was no point trying to buy new vouchers with the Amazon Pay card as the reward rate was 2% which was the same for a direct payment via the Amazon Pay CC. The 40K worth of vouchers were those I had collected with the additional offers on Amazon, so the reward rate was more than 2%
Coming to your point of a 60K utility bill, you need to take care. If it is an insurance payment you should not have any problem. I haven't tried it with 60K worth of vouchers, though, so I'm not 100% certain. If it is for electricity, then there are some restrictions about the total value of the bill that can be paid through Amazon Pay

 

[NikTravelEnthusiast]

No, you can actually buy more than 10K per month of Amazon Pay vouchers using Magnus from Gyftr
Last month I bought 50K, this month 32.6K Amazon Pay vouchers
You just have to remember to keep the transaction value at 10K for each transaction. You can do this until you hit 50K for the month, then you can't buy any more Amazon Pay vouchers in that month

Also, as helloworld has pointed out what I said is with reference to Gyftr (Axis version). Amazon has its own rules regarding the number of vouchers you can combine and the transactions for which they are applicable.
In the past, I have paid a 1L insurance premium on Amazon with at least 40K worth of vouchers and the remainder via credit card. I could have added more vouchers but there was no point trying to buy new vouchers with the Amazon Pay card as the reward rate was 2% which was the same for a direct payment via the Amazon Pay CC. The 40K worth of vouchers were those I had collected with the additional offers on Amazon, so the reward rate was more than 2%
Coming to your point of a 60K utility bill, you need to take care. If it is an insurance payment you should not have any problem. I haven't tried it with 60K worth of vouchers, though, so I'm not 100% certain. If it is for electricity, then there are some restrictions about the total value of the bill that can be paid through Amazon Pay

I am new to Magnus. So very basic level doubts.
1.Can you elaborate in short, frequent uses of Amazon pay, where to use?
2. Amazon pay can used for offline stores?
3.If Amazon pay gift voucher is bought from Gyftr, it should be consider as a milestone spend with 3X points, and not as a wallet load?

 

[Slayer]

I am new to Magnus. So very basic level doubts.
1.Can you elaborate in short, frequent uses of Amazon pay, where to use?
2. Amazon pay can used for offline stores?
3.If Amazon pay gift voucher is bought from Gyftr, it should be consider as a milestone spend with 3X points, and not as a wallet load?

1. All partners which and payment gateways (mostly RazorPay) where there is an option to pay via Amazon Pay
2. Bad acceptance
3. Normal spends with points multiplier

 

[helloworld]

I am new to Magnus. So very basic level doubts.
1.Can you elaborate in short, frequent uses of Amazon pay, where to use?
2. Amazon pay can used for offline stores?
3.If Amazon pay gift voucher is bought from Gyftr, it should be consider as a milestone spend with 3X points, and not as a wallet load?

1. https://www.amazon.in/gp/sva/dashboard?ref_=nav_cs_apay
2. Yes, If shops have this..


3. As of today's information, considered for 3x and not wallet.

Btw, these are not only related to Magnus but anycard that provide cashback/rewards for Amazon purchases.

 

[optimusprime]

Friends, i have an upcoming purchase for home appliances at Croma worth 3-4 lacs. Can anyone please suggest route to maximize reward rate

I see an option to by croma GV, but is there a cap on reward rate?

 

[Slayer]

Friends, i have an upcoming purchase for home appliances at Croma worth 3-4 lacs. Can anyone please suggest route to maximize reward rate

I see an option to by croma GV, but is there a cap on reward rate?

There is a cap on voucher denomination and number of vouchers that can be used together in a single bill

 

[NikTravelEnthusiast]

1. https://www.amazon.in/gp/sva/dashboard?ref_=nav_cs_apay
2. Yes, If shops have this.. (I saw at CreamStone, and few bakery places)

View attachment 11741
3. As of today's information, considered for 3x and not wallet.

Btw, these are not only related to Magnus but anycard that provide cashback/rewards for Amazon purchases.

Thank you Sir.

 

[NikTravelEnthusiast]

1. All partners which and payment gateways (mostly RazorPay) where there is an option to pay via Amazon Pay
2. Bad acceptance
3. Normal spends with points multiplier

Thank you sir

 

[sun196]

What's the multiplier for hotels for Travel Edge? 5x? Infinia has a 10x for hotels, as against 5x for airlines. Will Infinia be a better bet for booking hotels? Though Infinia has a monthly cap, while Travel Edge has none. So at a lower level of transaction, Infinia looks preferable, while international trips, it might be better to use travel Edge. Any views?

 

[manzb]

What's the multiplier for hotels for Travel Edge? 5x? Infinia has a 10x for hotels, as against 5x for airlines. Will Infinia be a better bet for booking hotels? Though Infinia has a monthly cap, while Travel Edge has none. So at a lower level of transaction, Infinia looks preferable, while international trips, it might be better to use travel Edge. Any views?

For regular txns, Infinia is better .. as it has a cap of 7500 per day. So upto 24000 or so total txn it shall be a better option.
Magnus does bot have any cap and gives 5X unlimited and hence can be considered for more than 24K txns.

 

[sun196]

So any bookings for international travel, not worth thinking also, I assume. Go with Travel Edge, right?

 

[Slayer]

So any bookings for international travel, not worth thinking also, I assume. Go with Travel Edge, right?

Mostly yes

 

[manas_rock]

Mostly yes

no multicity booking in traveledge. intl trips are usually multicity

 

[Slayer]

no multicity booking in traveledge. intl trips are usually multicity

Book individual tickets

 

[manas_rock]

Book individual tickets

Will be 10% or so more expensive. Booking directly will be cheaper

 

[sun196]

Can we call them to book the multi city itinerary?

 

[manas_rock]

Can we call them to book the multi city itinerary?

Nope.

 

[sun196]

Thanks for the quick revert. I’m planning to book the tickets in a day or so. Will use Magnus. Then the hotels. Will be like 3L+ spend. With a good 5x ER credit it will be a nice amount. There is no cap, right? And takes around 30 days I remember reading somewhere. This is from the date of transaction or the statement?

 

[Wealth is my birth right!]

Thanks for the quick revert. I’m planning to book the tickets in a day or so. Will use Magnus. Then the hotels. Will be like 3L+ spend. With a good 5x ER credit it will be a nice amount. There is no cap, right? And takes around 30 days I remember reading somewhere. This is from the date of transaction or the statement?

Date of transaction it is