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 ​

 

[Andy1]

Yes. I have done it myself.

okay thanks bro

 

[Andy1]

Yes. I have done it myself.

Have you done transactions during tata league rewards?

 

[4uziaul]

Have you done transactions during tata league rewards?

Check this thread here

Axis Magnus - Using Magnus welcome benefit to get Tata Neu Infinity Rupay LTF

Hi, there is an ongoing offer where we can convert Tata Neu Infinity Rupay LTF by just spending 15k within the next month under the Tata Neu league and if someone recently got Magnus then we get a tata cliq voucher worth 10k as welcome benefit. So while making a tata cliq purchase if we make it...

www.technofino.in

 

[magscas]

Have you done transactions during tata league rewards?

Yes I have used the Tata Cliq cash in Tata Ne app during the league. It works fine and gets counted for the league

 

[rohitnsync]

Any more apps with which we can pay the society maintenance and which wouldn't be counted under the "rent" category.

 

[Andy1]

Yes I have used the Tata Cliq cash in Tata Ne app during the league. It works fine and gets counted for the league

okay I have a query, if I order 2 product in a single transaction will it be counted as 2 orders or 1 ?

 

[captaintorchtm]

okay I have a query, if I order 2 product in a single transaction will it be counted as 2 orders or 1 ?

counts as 1 order only. and make sure total is 500+ rs.

 

[Copycat]

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

That was specific to APay
It would not allow you to buy more than 10K at a time and more than 50K in a month. That was a bug. It has been fixed now and the monthly limit too has been set to 10K for APay

 

[IamMayank]

Hi All,
I recently got an Axis Magnus, after going through a lot of different threads and posts in this community I still have some queries, I would appreciate if someone could answer them.

1. Shall I shift all my transactions to Axis Magnus considering I am aiming for 1lakh monthly milestone 3 times a year, and for rest of the months my spends will be around Rs. 15000 online(70% UPI local merchants) and same Rs 15000 offline(POS).
Case A - What should I do for transactions where cards like SBI Cashback will provide me 5% cashback, because if I am not going to use it then whats the use of keeping it, as I do have SimplyClick for Sale offers.
Case B - Axis Ace straight away gives me 2% cashback for my offline spends.

2. I am thinking of buying an Amazon voucher of 10k per month via Magnus, for 3-4 months in a year I believe I will not be able to consume the entire amount, should I still buy it in those months just to get Reward Points or is there a way to make local merchants UPI payment using the voucher amount. Max I can think of is using the amount to pay Insurance Bills, I don't think there is a cap on using this amount to pay Insurance Bill.

3. Any recommendation from below cards to make Fuel purchase, also if I remember correctly I did read somewhere make fuel purchase of amount greater than 4000 even 4001 should work for Magnus milestone "itne mei toh Brezza ki tank almost empty karna padega galti se miss ho gaya toh pata chala sadak pe dhoop sek rahe honge.. "

Credit Cards I have - Magnus, Ace, Regalia, IDFC Select, SBI Cashback, SBI SimplyClick, ICICI Platinum, AmazonPay, IndusInd Platinum.

 

[4uziaul]

Hi All,
I recently got an Axis Magnus, after going through a lot of different threads and posts in this community I still have some queries, I would appreciate if someone could answer them.

1. Shall I shift all my transactions to Axis Magnus considering I am aiming for 1lakh monthly milestone 3 times a year, and for rest of the months my spends will be around Rs. 15000 online(70% UPI local merchants) and same Rs 15000 offline(POS).
Case A - What should I do for transactions where cards like SBI Cashback will provide me 5% cashback, because if I am not going to use it then whats the use of keeping it, as I do have SimplyClick for Sale offers.
Case B - Axis Ace straight away gives me 2% cashback for my offline spends.

2. I am thinking of buying an Amazon voucher of 10k per month via Magnus, for 3-4 months in a year I believe I will not be able to consume the entire amount, should I still buy it in those months just to get Reward Points or is there a way to make local merchants UPI payment using the voucher amount. Max I can think of is using the amount to pay Insurance Bills, I don't think there is a cap on using this amount to pay Insurance Bill.

3. Any recommendation from below cards to make Fuel purchase, also if I remember correctly I did read somewhere make fuel purchase of amount greater than 4000 even 4001 should work for Magnus milestone "itne mei toh Brezza ki tank almost empty karna padega galti se miss ho gaya toh pata chala sadak pe dhoop sek rahe honge.. "

Credit Cards I have - Magnus, Ace, Regalia, IDFC Select, SBI Cashback, SBI SimplyClick, ICICI Platinum, AmazonPay, IndusInd Platinum.

So much confusion in trying to manufacture spends

 

[Hey.Manan]

Hello, All- how do you keep track of 1lac monthly milestone spending? Does Axis Bank send a Notification? How d'all keep track?

 

[4uziaul]

Hello, All- how do you keep track of 1lac monthly milestone spending? Does Axis Bank send a Notification? How d'all keep track?

Excel is the best way and then there are few apps. I think Cred also tracks your expenses.

 

[TheMentalist]

Hello, All- how do you keep track of 1lac monthly milestone spending? Does Axis Bank send a Notification? How d'all keep track?

Excel is the best way and then there are few apps. I think Cred also tracks your expenses.

Another easy way : https://www.technofino.in/community...monthly-milestones-for-e-g-axis-magnus.10842/

 

[Hey.Manan]

thank you-
do the Forex Markups + GST on it. Government fines paid? LIC insurance, phone bill, and ola count for 1Lac milestone?

Another easy way : https://www.technofino.in/community...monthly-milestones-for-e-g-axis-magnus.10842/

 

[TheMentalist]

thank you-
do the Forex Markups + GST on it. Government fines paid? LIC insurance, phone bill, and ola count for 1Lac milestone?

Check here : https://www.technofino.in/community...e-update-date-4th-may-2023-11-10-am-ist.9863/

 

[Copycat]

thank you-
do the Forex Markups + GST on it. Government fines paid? LIC insurance, phone bill, and ola count for 1Lac milestone?

The thread that you were referred too will be updated shortly to show the exception for Foreign currency transaction charges and GST on those charges. These are not counted in Regular ER, nor are they counted against milestones

 

[Consultant]

Apologies if this is being commented on the wrong thread. I did my first 2 - 10x & 3x transactions on Magnus.
10835 = 10x on MMT
10000 = 3x on Amazon pay vouchers.
However, I have only received 12 points for 200 and not the 120/ 36 that i should have received. Is there an issue in my purchase on Gyftr ? What should i do?

Appreciate the help in advance.

 

[grshnehete]

Apologies if this is being commented on the wrong thread. I did my first 2 - 10x & 3x transactions on Magnus.
10835 = 10x on MMT
10000 = 3x on Amazon pay vouchers.
However, I have only received 12 points for 200 and not the 120/ 36 that i should have received. Is there an issue in my purchase on Gyftr ? What should i do?

Appreciate the help in advance.

you will receive 1X points only as of now. The accelerated points will be credited in 90 to 120 days

 

[Consultant]

Will the accelerated points show similarly as in the attachment earlier - to which transaction it is being credited for ?

you will receive 1X points only as of now. The accelerated points will be credited in 90 to 120 days

 

[grshnehete]

Will the accelerated points show similarly as in the attachment earlier - to which transaction it is being credited for ?

Not sure how the accelerated points will look. I have also started magnus in April & yet to receive any accelerated points.
Others may chime in.