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 ​

 

[Wealth is my birth right!]

Actually Vistara asking only 5000 CV Points but i am getting availability issue.

Yes Club Vistara will be highly recommended as long as you have award seats available
Change date then if possible

 

[Ravi007]

Yes Club Vistara will be highly recommended as long as you have award seats available
Change date then if possible

Premium economy is available with 8500 CV Points.

 

[Wealth is my birth right!]

Premium economy is available with 8500 CV Points.

That’s ok only 3500 points extra if u r fine
Just spend some money on 5x GV buying to compensate it

 

[kkk]

Hi All ,

Apart from the vistara is there any other airline which allow to book flight by transferring edge point.

I want to book flight from Kolkata to delhi.

You can book Air India but that might cost you more in terms of points.
Ex:
I booked Delhi to BLR for around 9400 edge points where the flight cost was around Rs. 5100, so the value is not that great.

 

[Ravi007]

You can book Air India but that might cost you more in terms of points.
Ex:
I booked Delhi to BLR for around 9400 edge points where the flight cost was around Rs. 5100, so the value is not that great.

From which rewards program

 

[WhoU]

You can book Air India but that might cost you more in terms of points.
Ex:
I booked Delhi to BLR for around 9400 edge points where the flight cost was around Rs. 5100, so the value is not that great.

Where did you book it from?

 

[RewardsAlert]

Where did you book it from?

It can be only possible via Turkish Miles & Smiles program as they allow star alliance bookings for Air India.

 

[WhoU]

It can be only possible via Turkish Miles & Smiles program as they allow star alliance bookings for Air India.

It can also be booked from Krisflyer but the ratio is bad. Hence wanted to check with @kkk where did he get such a good rate.

 

[RewardsAlert]

It can also be booked from Krisflyer but the ratio is bad. Hence wanted to check with @kkk where did he get such a good rate.

Yeah I meant to say that only.
The booking is also possible via Krisflyer or say Aeroplan.
But the thing is we get the best conversion via Turkish.
I have personally checked the domestic fares in Turkish and such fare quoted by kkk is only possible there.

 

[grshnehete]

Yeah I meant to say that only.
The booking is also possible via Krisflyer or say Aeroplan.
But the thing is we get the best conversion via Turkish.
I have personally checked the domestic fares in Turkish and such fare quoted by kkk is only possible there.

Can you please suggest the way to book through star alliance?
https://www.staralliance.com/en/home
This link provides the list and re directs to airline page, but there is no option to book, but a page to check how much miles will be required for travel

 

[kkk]

Where did you book it from?

Yes, it's from Turkish Miles & Smiles.

 

[Ravi007]

Yeah I meant to say that only.
The booking is also possible via Krisflyer or say Aeroplan.
But the thing is we get the best conversion via Turkish.
I have personally checked the domestic fares in Turkish and such fare quoted by kkk is only possible there.

can I check airfare directly with the below flyer program with their websites
Aeroplan
Turkish miles
Smiles
Krishflyer

United i know but required miles are much higher.

 

[bhavik886151]

Correct when assuming conversion in the 2nd case to an Amazon Pay voucher (which is almost equivalent to cash). It will be higher if you convert it to airline/hotel points but then that depends on your spending pattern and whether you enjoy travel, food, experiences, luxury experiences

If we buy on Myntra or Flipkart directly from the Grab deal using Magnus we got 5 point of 6 point

 

[Copycat]

If we buy on Myntra or Flipkart directly from the Grab deal using Magnus we got 5 point of 6 point

I think you are talking about earning ER by buying stuff on Flipkart/Myntra using Grabdeals
I was talking about spending the earned ER by converting the ER to vouchers/airmiles/hotel points

 

[bhavik886151]

I think you are talking about earning ER by buying stuff on Flipkart/Myntra using Grabdeals
I was talking about spending the earned ER by converting the ER to vouchers/airmiles/hotel points

yes if i use grab deal portal and click on Flipkart/myntra enter my magnus card detail buy some item on Flipkart/Myntra then i get 5 points as per grab deal or 6 points as magnus gave 12 points per 200 if i not use any gift voucher or any thing just pay by Magnus card only

 

[RewardsAlert]

can I check airfare directly with the below flyer program with their websites
Aeroplan
Turkish miles
Smiles
Krishflyer

United i know but required miles are much higher.

No, you can only check for Turkish from their sites
Aeroplan you have to call.
Krisflyer I have no idea.

 

[thanix]

yes if i use grab deal portal and click on Flipkart/myntra enter my magnus card detail buy some item on Flipkart/Myntra then i get 5 points as per grab deal or 6 points as magnus gave 12 points per 200 if i not use any gift voucher or any thing just pay by Magnus card only

I don't understand Why would you get 5 or 6 points? You will get 12 points per 200 spend. In addition, as per your selection either x times reward points or x% cashback you will get back. But they are subject to capping like10k points or 1000 rupees in a calendar month and the deal has to be captured by Axis system.

 

[S.S.]

I don't understand Why would you get 5 or 6 points? You will get 12 points per 200 spend. In addition, as per your selection either x times reward points or x% cashback you will get back. But they are subject to capping like10k points or 1000 rupees in a calendar month and the deal has to be captured by Axis system.

edit: ignore this.

 

[Copycat]

yes if i use grab deal portal and click on Flipkart/myntra enter my magnus card detail buy some item on Flipkart/Myntra then i get 5 points as per grab deal or 6 points as magnus gave 12 points per 200 if i not use any gift voucher or any thing just pay by Magnus card only

If you use Magnus on Flipkart/Myntra via Grabdeals you will get 5X points. So 60 ER per 200 rupees instead of 12 ER per 200 rupees. Out of the 60 ER: 12 ER will be credited after roughly 1 week and 48 ER after 120 days

 

[Avid_snake]

Is there anyone who got Axis Magnus as FYF. If yes, how did you get the same without having an account with Axis