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
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 casesFee 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 ClassOr 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 ClassFor ₹4L spends you’re short of 6K MilesFee 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
) is how to boost the redemption of RPs without going into travel/loyalty points ? My thought process is that base rate for 1l monthly comes to 6.2%, which can be boosted a bit by using grabdeals/gyftr to some extent based on shopping need, and then maybe club this card with Privilege CC to redeem via 2x multi voucher ? Or is there any better way, need your expertise 
