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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.


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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 ✌🏻
 
What everyone is doing in respect to missing accelerated points for GyFTR transactions of Feb month?
Are we waiting for 120 days to complete or raise a request to bank?
 
I got my Card in April 2023. At that time I had an active ED Prime membership which expired last week. My birthday is in June. Let's see if I am getting that benefit automatically or not. Will update.
Update:- Eazydinner Axis Bank Birthday coupon for Rs 3000/- started showing in the Eazy Dinner app starting June first week After viewing the voucher, I called the ED Axis HNI Helpline number( 7669004444) and they added EazyDinner Membership to my account within 1 hrs.
 
For the regular users of Magnus, how often do you find out that points are missing after120 days? I am sure there are A LOT of transactions done on Gyftr or Travel edge. Do you track each of them for bonus points or do you trust and know that axis would be giving it without fail after 120 days.
 
Update:- Eazydinner Axis Bank Birthday coupon for Rs 3000/- started showing in the Eazy Dinner app starting June first week After viewing the voucher, I called the ED Axis HNI Helpline number( 7669004444) and they added EazyDinner Membership to my account within 1 hrs.
you meant EazyDinner Prime Membership ?
 
As per Grab Deals (axisbank.com), Amazon purchases result in flat 2% cashback, but if I use the Savings calculator on the same page, it shows 5% cashback (max cashback = 1000).

Has anybody verified this personally, or checked with Axis Bank? Is this just a case of lazy IT personnel who didn't update the calculator for Amazon on this website?

Screenshot 2023-06-09 at 9.04.06 PM.png
 
Guys, quick help.
On club ITC - conversion rate is 1 Reward point is 1 Rs. if i change it to MB - 2:3 - what is the conversion rate in Rupees for MB?

Also, what is the max RP I can earn on Magnus in a month? Also, max number of Croma coupons I can buy in a month?
 
Hey everyone, I've recently applied for an Add-on card for Magnus, just wanted to confirm that the Monthly Milestone is calculated as total spends on both Primary as well as Add-On card right ?
Moreover, do we also get international lounge access for Add-On card as well?
 
Hey everyone, I've recently applied for an Add-on card for Magnus, just wanted to confirm that the Monthly Milestone is calculated as total spends on both Primary as well as Add-On card right ?
Moreover, do we also get international lounge access for Add-On card as well?
1. Yes, combined for both Primary and Add-on card.

2. Only through Priority Pass up to 8 guests.
 
What was the add-on application process like ? Can we do it online ?
Hey everyone, I've recently applied for an Add-on card for Magnus, just wanted to confirm that the Monthly Milestone is calculated as total spends on both Primary as well as Add-On card right ?
Moreover, do we also get international lounge access for Add-On card as well?
 
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