• Hey there! Welcome to TFC! View fewer ads on the website just by signing up on TF Community.

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.


IMG_4249.JPG

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 ✌🏻
 
yes but i guess the amount will be considered for tata league target .. planning to buy 13.35k gold coin .. 10k welcome magnus voucher and planning to buy 3.5k extra voucher via axis gift edge to get 5x points .. hope this plan works ..
Probably a bit late to the party. Will the coin be delivered before 28th? Order gets counted when it’s delivered. So not sure if tnc will allow your order or not.
 
Hey guys , is there any way I can use magnus for my grocery purchases ? I’m currently ordering a lot from bigbasket daily. Any way i get extra reward points for that ? Or any other grocery app that you can suggest which helps me with magnus optimal usage ?
 
Can u share any transaction amount and reward points received for jockey?

I want to see if they give points after deducting taxes or on whole transaction amount. For some merchants, it is whole transaction, for some, it is excluding taxes.
I didn't get the 19X points yet.

But the 1X is on full amount. For a 2998 bill I got 168 ER
 
I recently redeemed Vistara flights from HYD- DEL round trip but vistara direct flights are very less from HYD.
Planning to use spicejet, what is the value that we get in spicejet? I heard for AirAsia its 50p per mile, wanted to know for spicejet if anyone has tried.
 
I recently redeemed Vistara flights from HYD- DEL round trip but vistara direct flights are very less from HYD.
Planning to use spicejet, what is the value that we get in spicejet? I heard for AirAsia its 50p per mile, wanted to know for spicejet if anyone has tried.
I recently redeemed Vistara flights from HYD- DEL round trip but vistara direct flights are very less from HYD.
Planning to use spicejet, what is the value that we get in spicejet? I heard for AirAsia its 50p per mile, wanted to know for spicejet if anyone has tried.
Post in thread 'Airasia points query' https://www.technofino.in/community/threads/airasia-points-query.3031/post-209389

Not sure where u read that its 50p, kindly check this post
 
I recently redeemed Vistara flights from HYD- DEL round trip but vistara direct flights are very less from HYD.
Planning to use spicejet, what is the value that we get in spicejet? I heard for AirAsia its 50p per mile, wanted to know for spicejet if anyone has tried.
For spicejet its 50p, but on a 10k flight on mmt you will be paying ~11-12k on spicejet website.
 
I transferred points to united airlines in the morning, i read in couple of places that points transfer is instant for United, but still i didnot receive miles, how long it takes in general for United? for vistara it took me exactly 48 hrs...
 
Last edited:
I transferred points to united airlines in the morning, i read in couple of places that points transfer is instant for United, but still i didnot receive miles, how long it takes in general for United? for vistara it took me exactly 48 hrs...
Got the points now... So it took almost 16hrs... We can take it as 1 day at max
 
Max transaction value per transaction: Rs 10000/-
Max transaction value per month: Rs 50000/-
so if I buy vouchers worth 20k in a single transaction, I will get points for 10K only? This is specific to APay only, right?
I bought some other vouchers worth 20k in a single transaction, hope that's not an issue wrt to points for the entire transaction
 
so if I buy vouchers worth 20k in a single transaction, I will get points for 10K only? This is specific to APay only, right?
I bought some other vouchers worth 20k in a single transaction, hope that's not an issue wrt to points for the entire transaction
Yes for APAY and Flipkart, Gyftr doesn't allow you to buy more than 10K in a single transaction. For other vouchers also there are specific limits mentioned.
 
Can I use my tata cliq 10000rs voucher received for Magnus for multiple transaction or only single transaction to be done ?
 
Back
Top