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 ​

 

[Chirag9117]

I also use an excel sheet to track how many points should be credited along with any additional 3,5,10,20,40X points and mark them as received when I get them.
I could share the excel sheet if anyone requires.

40x on which brand??

 

[Wealth is my birth right!]

40x on which brand??

Marks and Spencer’s

 

[Chirag9117]

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.

I use it for itc hotels and get the value of 1:1 and sometimes booking thorugh green point is cheaper than booking thorugh different platform

Booked almost 2l points on ITC hotels

 

[Wealth is my birth right!]

I use it for itc hotels and get the value of 1:1 and sometimes booking thorugh green point is cheaper than booking thorugh different platform

Booked almost 2l points on ITC hotels

Yes same here but once or twice their reward point portal will have hassles in sending otp so during checkout I paid by card instead of green points on those scenarios
But if we book as award night then no such issues come

 

[Avijeet]

Yes same here but once or twice their reward point portal will have hassles in sending otp so during checkout I paid by card instead of green points on those scenarios
But if we book as award night then no such issues come

Pro Tip: Activate the Cardless Redemption option before going to the hotel.
It can be done on Desktop mode. U can also use desktop mode on the Phone browser to do it.

 

[Wealth is my birth right!]

Pro Tip: Activate the Cardless Redemption option before going to the hotel.
It can be done on Desktop mode. U can also use desktop mode on the Phone browser to do it.

Yeah it’s on only
Still they said otp issue not sure
It’s an 8k bill for a night so I used magnus to pay
Being Culinaire member 5% GP as credit back I got

 

[mojo_jojo123]

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.

Does advance income tax payment is counted for 1L milestone limit

 

[Avijeet]

Yeah it’s on only
Still they said otp issue not sure
It’s an 8k bill for a night so I used magnus to pay
Being Culinaire member 5% GP as credit back I got

Oh ok ... maybe a technical glitch ....

 

[shashidhar patil]

It will take transaction date not settlement date

You can do the transaction today and you will get the milestone benefits

are you 100% sure sir

 

[004archit]

are you 100% sure sir

Yes bro, I have done that in November and got the milestone benefit

 

[mojo_jojo123]

I pay MyGate through Amazon Pay .... Buy Amazon GV at 3X

what is the limit of Amazon pay we can buy .. if we use multiple gyftr account .. also 3x means = 36 points per 200 ?

 

[grshnehete]

what is the limit of Amazon pay we can buy .. if we use multiple gyftr account .. also 3x means = 36 points per 200 ?

There is a limit of 10K for amazon pay.
Not sure about the multiple Gyftr accounts
Yes, 3X ER. 1X will be received in few days, other 2X will be received in around 120 days

 

[mojo_jojo123]

There is a limit of 10K for amazon pay.
Not sure about the multiple Gyftr accounts
Yes, 3X ER. 1X will be received in few days, other 2X will be received in around 120 days

so no extra charges like 1.5%+GST as hdfc does ?

 

[anirban.choudhuryanirban.choudhury is verified member.]

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?

As per the new rules in gyftr for first 30 days you can only buy 15k worth voucher from gyftr

 

[Copycat]

As per the new rules in gyftr for first 30 days you can only buy 15k worth voucher from gyftr

They removed the caps, yesterday
https://www.technofino.in/community...-updated-19-4-2023-11-00-pm.10523/post-179387

 

[_ayush]

1 - There is a limit of 10k for Apay and 25k amazon shopping vouchers via gift edge right?
2 - Is there any such limit on Gyftr?
3 - How can we redeem points to Vistara CV point. Is there any post on that?

 

[Copycat]

1 - There is a limit of 10k for Apay and 25k amazon shopping vouchers via gift edge right?
2 - Is there any such limit on Gyftr?
3 - How can we redeem points to Vistara CV point. Is there any post on that?

 

[manzb]

View attachment 14743

You can buy directly from Amazon without any surcharge.

 

[Copycat]

You can buy directly from Amazon without any surcharge.

Agreed. I only posted that because the member asked about Gyftr
On Amazon, there are limits though:
https://www.technofino.in/community...e-does-it-depends-on-account.8529/post-134623

 

[Warlock27]

Hey everyone, can someone please answer my query:
Monthly milestones are considered based on the total spends in a month (1st to 30th/31st) right?
Also, my statement got generated on 20th and I madd some payment of 70k for clearing my dues, will it affect the monthly milestones in anyway? I think it shouldn't but just want to confirm.