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 ​

 

[grshnehete]

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.

Just bought 25K worth of Amazon shopping vouchers

 

[kishanvkumar]

Update : Soceity Maintenance paid through ADDA app is being recognized as Rent Payment.

ADDA, BANGALORE, IN
Amount ₹11,962.78
Date09 Apr, 2023

Rent Transaction Fee
Amount ₹119.63
Date10 Apr, 2023

MyGate Payment went through fine. In other thread saw NOBroker also treated as Rent. Now ADDA is also in that list. Please take note.

 

[grshnehete]

Do we get the ER and the accelerated ER's even after we cross 1L monthly milestone?
For e.g. - I have reached this month's milestone, so for additional spends, will I be getting ER's and accelerated ER's?

 

[Avijeet]

Do we get the ER and the accelerated ER's even after we cross 1L monthly milestone?
For e.g. - I have reached this month's milestone, so for additional spends, will I be getting ER's and accelerated ER's?

Yes ...

 

[manzb]

Do we get the ER and the accelerated ER's even after we cross 1L monthly milestone?
For e.g. - I have reached this month's milestone, so for additional spends, will I be getting ER's and accelerated ER's?

Milestone is independent. It is given for reaching 100k spend in a calendar month.
Any spend within or above milestone fetches whatever ER it is supposed to fetch..

 

[pulkitpopli2004]

is there any capping on accelerated ER when buying voucher from AXISGYFTR portal

 

[Wealth is my birth right!]

is there any capping on accelerated ER when buying voucher from AXISGYFTR portal

Unlimited it is

 

[chbhk619]

New restriction in edge rewards is... You cannot buy more than 75k worth vouchers in initial 90 days..
I tried buying more and it gave that message....

 

[phagocyte536]

New restriction in edge rewards is... You cannot buy more than 75k worth vouchers in initial 90 days..
I tried buying more and it gave that message....

Just got my magnus, already feels like I am late to the party seeing all the restrictions. The overall reward rate is going closer to my existing infinia considering I can't hit 1L per month more than 1-2 times/year

 

[manzb]

Just got my magnus, already feels like I am late to the party seeing all the restrictions. The overall reward rate is going closer to my existing infinia considering I can't hit 1L per month more than 1-2 times/year

The main benefit of Magnus is on touching 100k in a month. Sometimes you can manufacture spend by doing NPS contribution, Pre paying School Fees, Pre paying insurance or even by buying some vouchers like Amazon (10K+35K) or Flipkart (10k?) or others like Shoppers stop etc. Just see that total goes above 100K.

You may reduce the spend next month close to zero if required.

 

[sky_walker_rules]

if I pay family members NPS using my Magnus, any chances card can be flagged?

 

[phagocyte536]

The main benefit of Magnus is on touching 100k in a month. Sometimes you can manufacture spend by doing NPS contribution, Pre paying School Fees, Pre paying insurance or even by buying some vouchers like Amazon (10K+35K) or Flipkart (10k?) or others like Shoppers stop etc. Just see that total goes above 100K.

You may reduce the spend next month close to zero if required.

The thing is they have made reaching 1L per month very tough now.

1. NPS is trash (at least for me) after the changes in new tax regime. I don't plan on taking home loan in next 15yrs so most likely will remain in new regime.
2. No children yet for school fee.
3. Insurance yes. But that's 1L per year for whole family
4. Vouchers : Amazon and FK are the most useful, especially amazon pay considering it doesn't expire at all. But they come with monthly caps.

So I am most likely to cross 1L/month during the times I take holidays only.
I feel Axis has reached its goal of onboarding enough magnus customers and the unsustainable rewards will be gone in next 6months.

PLUS - Infinia's points redemption is so so simple. I get 1 point = 1 Rs in tanishq.

 

[phagocyte536]

if I pay family members NPS using my Magnus, any chances card can be flagged?

I don't think there is anyway they can even detect whose account is the money going towards. But any overabuse can be flagged just by total sum spent on a single merchant

 

[manzb]

The thing is they have made reaching 1L per month very tough now.

1. NPS is trash (at least for me) after the changes in new tax regime. I don't plan on taking home loan in next 15yrs so most likely will remain in new regime.
2. No children yet for school fee.
3. Insurance yes. But that's 1L per year for whole family
4. Vouchers : Amazon and FK are the most useful, especially amazon pay considering it doesn't expire at all. But they come with monthly caps.

So I am most likely to cross 1L/month during the times I take holidays only.
I feel Axis has reached its goal of onboarding enough magnus customers and the unsustainable rewards will be gone in next 6months.

PLUS - Infinia's points redemption is so so simple. I get 1 point = 1 Rs in tanishq.

Suggest to buy Vouchers of Gold outlets and subsequently buy gold coins. You can immediately encash the same with 1-2% discount in prices.

 

[pranavjain91]

New restriction in edge rewards is... You cannot buy more than 75k worth vouchers in initial 90 days..
I tried buying more and it gave that message....

I got the same error today. I hope it's for just the initial 90 days and not a recurring issue. I did my first axis gyftr transaction on 29th January 2023. Waiting for 90 days to get over to buy now.

 

[phagocyte536]

Suggest to buy Vouchers of Gold outlets and subsequently buy gold coins. You can immediately encash the same with 1-2% discount in prices.

That is a very good idea, will check the TnC clearly and try it

 

[NikTravelEnthusiast]

Just got my magnus, already feels like I am late to the party seeing all the restrictions. The overall reward rate is going closer to my existing infinia considering I can't hit 1L per month more than 1-2 times/year

Me too in the same situation. Almost every other plan is ruined.

 

[sumeet_srj]

Hi All, I am a bit in confusion if I should apply for Magnus. My yearly spend is around 4-5L out of which I can have major expenses in May 1L and July 65k and Dec 1.1L on Health and Life insurance. Other months spending varies between 15-25k With my current spending I might be able to just do 1L milestone twice or may be thrice if some expense comes up.

I am do vacation once a year and mostly would like to go with hotel bookings or flight via miles next year 2024.

I have no idea how I will use Tata Cliq voucher. Mostly my online purchases are from other websites.

I plan to use Magnus mostly for Amazon gift card, paying insurance directly and using on Eazydiner

Currently I am using Sbi Cashback card and easily getting 15k cashback in a year for my 3L online spend on insurance by buying amazon gift card.

 

[manzb]

Hi All, I am a bit in confusion if I should apply for Magnus. My yearly spend is around 4-5L out of which I can have major expenses in May 1L and July 65k and Dec 1.1L on Health and Life insurance. Other months spending varies between 15-25k With my current spending I might be able to just do 1L milestone twice or may be thrice if some expense comes up.

I am do vacation once a year and mostly would like to go with hotel bookings or flight via miles next year 2024.

I have no idea how I will use Tata Cliq voucher. Mostly my online purchases are from other websites.

I plan to use Magnus mostly for Amazon gift card, paying insurance directly and using on Eazydiner

Currently I am using Sbi Cashback card and easily getting 15k cashback in a year for my 3L online spend on insurance by buying amazon gift card.

A. 20K amazon shopping vouchers each month is equal to 6000 ERX12= 72,000
B. 3mths milestone=(25000+6000)X3=93000
Total = A+B=72000+93000=1,65,000 ERs
165K ER=122K loyalty points (atleast Rs 100K avg value if used in Vistara, ITC, Accor etc )
You are getting that by paying only Rs 11800/-.
If you deduct Tata Cliq 10K voucher then actual outgo is only Rs 1800.

 

[shibili]

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.

why don't u try from different gyftr account ?