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 ​

 

[slongani]

I am about to get my magnus this week, yay!
I plan to spend 1L on gift vouchers of brands that I would anyway end up using. Is this a good strategy?

Things I want -

Amazon Pay GV - 50k
Amazon Shopping Voucher - 15k
Flipkart GV - 15k
Bigbasket - 10k
Myntra - 10k
Is it possible to get these o gyftr in the same month? Gyftr doesn't write much about the limits on GVs, where can I find this info?

Dear Sir,

You calculated for 1L. Out of that, you will be able to redeem only 40k worth of vouchers.

Pay 10k
Shopping 10k
FK 10k
Myntra 10k.

TnCs are sacrosanct.

 

[Wealth is my birth right!]

I am about to get my magnus this week, yay!
I plan to spend 1L on gift vouchers of brands that I would anyway end up using. Is this a good strategy?

Things I want -

Amazon Pay GV - 50k
Amazon Shopping Voucher - 15k
Flipkart GV - 15k
Bigbasket - 10k
Myntra - 10k
Is it possible to get these o gyftr in the same month? Gyftr doesn't write much about the limits on GVs, where can I find this info?

With ur shopping list GyFTR is not suitable to u bro lot of limitations there

 

[chbhk619]

Is there any genuine website where we can sell amazon shopping vouchers? For 2-3% discount and hit 1L milestone for magnus

 

[BlueFlash]

TnCs are sacrosanct.

Learnt something new

 

[sun196]

Dear Sir,

You calculated for 1L. Out of that, you will be able to redeem only 40k worth of vouchers.

Pay 10k
Shopping 10k
FK 10k
Myntra 10k.

TnCs are sacrosanct.

So, vouchers cannot be more than 40k in the monthly milestone of 1L. Is my understanding right?

 

[slongani]

So, vouchers cannot be more than 40k in the monthly milestone of 1L. Is my understanding right?

You can buy any amount of vouchers, all will qualify for the milestone. Just that in a month, you cannot buy more than a certain amount PER BRAND.

Those per brand limits are mentioned in the TnCs.

 

[slongani]

Learnt something new

My intention was to point the gentleman towards the terms. Apparently a lot of people miss reading those.

 

[grshnehete]

Is there any way to load HDFC Fastag using Magnus card?

 

[Wealth is my birth right!]

Is there any way to load HDFC Fastag using Magnus card?

Yes use Tata neu app

 

[dishank_24]

With ur shopping list GyFTR is not suitable to u bro lot of limitations there

I disagree. I bought 50k worth of decathlon vouchers and 22k worth of Amazon shopping vouchers just in March. Been using it since 4 months had only minor few problems.

MAGNUS IS GOD.

 

[Wealth is my birth right!]

I disagree. I bought 50k worth of decathlon vouchers and 22k worth of Amazon shopping vouchers just in March. Been using it since 4 months had only minor few problems.

MAGNUS IS GOD.

Try this month now
It’s all fixed I guess under amazon either SV or GV u can’t buy more than 10k

 

[Copycat]

I disagree. I bought 50k worth of decathlon vouchers and 22k worth of Amazon shopping vouchers just in March. Been using it since 4 months had only minor few problems.

MAGNUS IS GOD.

Try now, for Amazon, and see. Unfortunately, they fixed the bug.

 

[dishank_24]

Try this month now
It’s all fixed I guess under amazon either SV or GV u can’t buy more than 10k

Try now, for Amazon, and see. Unfortunately, they fixed the bug.

I usually do it in the month end. But if you guys say I can just confirm without trying.. been following your posts for enough time here not to trust you.

I mean to say I completely trust your opinion guys

 

[Wealth is my birth right!]

I usually do it in the month end. But if you guys say I can just confirm without trying.. been following your posts for enough time here not to trust you.

I mean to say I completely trust your opinion guys

Thanks for the understanding

 

[sfjohn]

I usually do it in the month end. But if you guys say I can just confirm without trying.. been following your posts for enough time here not to trust you.

I mean to say I completely trust your opinion guys

Even I tried buying 50K Amazon Shopping Voucher and received an error mentioning 10K max limit per month. Such a bummer. Was planning a 80K+ buy from Amazon this month.

 

[sun196]

You can buy any amount of vouchers, all will qualify for the milestone. Just that in a month, you cannot buy more than a certain amount PER BRAND.

Those per brand limits are mentioned in the TnCs.

Thanks

 

[NikTravelEnthusiast]

I guess lot of things has changed from April first.
I got Magnus in March 2023,many things were planned to be shppped via Giftr. My bad luck.

 

[chbhk619]

I see new limit is 25k for amazon shopping. I did not buy actually but able to go till payment page.... for amazon pay its only 10k it gives a message if i add more than 10k.

 

[Copycat]

I see new limit is 25k for amazon shopping. I did not buy actually but able to go till payment page.... for amazon pay its only 10k it gives a message if i add more than 10k.

Thank you for the update. Hopefully at some point they will raise the limit again

 

[xiddy]

Will offline gold purchases from Tanishq or Malabar be considered for rewards?