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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 ✌🏻
 
One more thing, how does grabdeals work?
Right now we have a limit of 10000RP per card per month right, is it individual limit for each card or a shared limit amongst both cards?
Yes, it's still 10,000 RP, and I believe it's shared because the spends from both the Primary and Add-on card holders combined are considered towards the milestones. So, it would make sense for the Grabdeals reward points to be shared as well. I could be mistaken, though. If I am, I kindly request someone from the forum to correct me.
 
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Is this some kind of error or a one off thing or are the forex charges recently changed from 2% to 1%?
 
Hey everyone, recently I made an international transaction on Sony website for Rs.4311, I noticed that the DCC charges and GST added were Rs.43.11 and Rs.7.76, this means that the forex charge is coming to be 1% the transaction value.
Is this some kind of error or a one off thing or are the forex charges recently changed from 2% to 1%?
INR transactions are 1% only.
 
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Hey everyone, recently I made an international transaction on Sony website for Rs.4311, I noticed that the DCC charges and GST added were Rs.43.11 and Rs.7.76, this means that the forex charge is coming to be 1% the transaction value.
Is this some kind of error or a one off thing or are the forex charges recently changed from 2% to 1%?
INR transactions with merchants outside India will have DCC instead of Forex and DCC is 1% only

But when you are doing international transactions always check price in the local currency and INR. Sometimes if the markup in INR price is higher, better to pay in foreign currency and 2% forex
 
hi all,
I recently recd my Magnus card. Now wondering if I should use it for my expenses on a short overseas trip next month. Estimated expense will be 60-80K and will surely help hit the 1L milestone for July.

I also have RBL world safari that I originally planned on using (given the 0% markup feature). I know Magnus will have 2% markup.
 
hi all,
I recently recd my Magnus card. Now wondering if I should use it for my expenses on a short overseas trip next month. Estimated expense will be 60-80K and will surely help hit the 1L milestone for July.

I also have RBL world safari that I originally planned on using (given the 0% markup feature). I know Magnus will have 2% markup.
If you'll hit the 1L mark in the month, then it is better to use Magnus even with the markup. The net returns will be higher
 
I have few credit card mandates on my Flipkart Axis CC - spotify monthly, health insurance monthly, yearly smallcase subscription fee.. etc..

If I shift them to Magnus - will these expenses be considered under 1L milestone per month?
 
I have few credit card mandates on my Flipkart Axis CC - spotify monthly, health insurance monthly, yearly smallcase subscription fee.. etc..

If I shift them to Magnus - will these expenses be considered under 1L milestone per month?
Yes, these will be considered for monthly milestone of 1L
 
hi all,
I recently recd my Magnus card. Now wondering if I should use it for my expenses on a short overseas trip next month. Estimated expense will be 60-80K and will surely help hit the 1L milestone for July.

I also have RBL world safari that I originally planned on using (given the 0% markup feature). I know Magnus will have 2% markup.
No Brainer ... MAGNUS

Magnus: Rewards – Markup Fee = 4.8% – 2.4% = ~2.4%
+ Milestone ....
 
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I've done it for last 2 months and the transaction came under travel category both times so it'll come under milestone calculation.
 
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