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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 ✌🏻
 
i might get hate but can someone provide me with an estimate of how much I would need to spend with Magnus over the course of 12 months in order to redeem a full free ticket for international economy class travel from Delhi to Paris/Bulgaria/Germany (round trip), considering flexible dates and a preference for booking after 9 or 12 months when prices are lower? The goal is to achieve this redemption without any additional expenses.

let's say 10-20kAmazon GV, 30k insurance, 10k monthly expenses/utility + 25k to 30k appliances or something - is this something can cover or i need to spend much more ?

No Money Rotation
 
i might get hate but can someone provide me with an estimate of how much I would need to spend with Magnus over the course of 12 months in order to redeem a full free ticket for international economy class travel from Delhi to Paris/Bulgaria/Germany (round trip), considering flexible dates and a preference for booking after 9 or 12 months when prices are lower? The goal is to achieve this redemption without any additional expenses.

let's say 10-20kAmazon GV, 30k insurance, 10k monthly expenses/utility + 25k to 30k appliances or something - is this something can cover or i need to spend much more ?

No Money Rotation
Bhai please do the math yourselves by connecting all the dots. It's insane to expect this community to do your math
 
i might get hate but can someone provide me with an estimate of how much I would need to spend with Magnus over the course of 12 months in order to redeem a full free ticket for international economy class travel from Delhi to Paris/Bulgaria/Germany (round trip), considering flexible dates and a preference for booking after 9 or 12 months when prices are lower? The goal is to achieve this redemption without any additional expenses.

let's say 10-20kAmazon GV, 30k insurance, 10k monthly expenses/utility + 25k to 30k appliances or something - is this something can cover or i need to spend much more ?

No Money Rotation
First, you need to find out the miles needed for Delhi to Europe across airlines and take worse case.

Assume Axis transfer ratio will get devalued in 12 months when you transfer. So instead of 5:4 use 5:3 or any figure you are comfortable with.

Now you got the points needed for your trip. Check first post of this thread. Select one from Two scenarios - not meeting 1L spend and meeting 1L spend. This is already known to you from past as you are not into money rotation.

Suggest calculate with base reward points and then check how to improve it with accelerated reward points like gift edge or travel edge that comes after 90 days. So consider only till 9th month. To be fool proof, avoid grab deals.

All the best.
 
I did some calculations on one of my frequent route on various sites.

Cleartrip - 6759 (15% discount and 350 convinience fee makes it 6096 net. Net Percentage discount - 15%.

Now I will calculate percentage discount based on cleartrip price and convinience fee, as that is usually standard price.

Hdfc Smartbuy - 6839 including convinience fee. Considering 15% discount for 5x points on DCB makes it 5813 net. Net Percentage discount - 19%.

Axis Travel edge - 6111 (no convinience fee). Considering 5x on Magnus as 10% discount makes it 5500 net. (Excluding milestone for simplicity). Net Percentage discount - 24%.

Yatra - 6026 (14% discount and 500 convinience fee makes it 5678 net. Net Percentage discount - 21%.

Yatra - 6026+415 (no discount) considering 10x on travel edge as 20% on 6000 voucher makes 1200 discount. Net 5241. Net Percentage discount - 28%.

So, yatra indeed seems best option in this case.
I see higher rates in Axis Traveledge for Flight booking inspite of zero convinience fees. I booked a Raipur-Indore nonstop flight on Hdfc smartbuy via Goibibo. The rate was 11220/- including convinience fees for 2 passengers. The same was 11400/- with zero convinience fees on Axis Traveledge. Is it so that Axis Traveledge rates shown are inclusive of convinience fees & then just to bluff they dont add convinience fees as separate. Is it so ? Or just an overlook !
 
I see higher rates in Axis Traveledge for Flight booking inspite of zero convinience fees. I booked a Raipur-Indore nonstop flight on Hdfc smartbuy via Goibibo. The rate was 11220/- including convinience fees for 2 passengers. The same was 11400/- with zero convinience fees on Axis Traveledge. Is it so that Axis Traveledge rates shown are inclusive of convinience fees & then just to bluff they dont add convinience fees as separate. Is it so ? Or just an overlook !
I think it's route and date dependent. In my case, it was opposite as i mentioned.
 
Hi,

I have already got 10k amazon quota for Magnus.
I wanted more amazon pay vouchers.

There is a offer showing on amazon. Buy 3.5k amazon pay vouchers and get 150₹ back.

If i use Magnus for this, will it be counted as wallet load or it will be counted in milestone and regular 1x points?

Thanks
 
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Hi,

I have already got 10k amazon quota for Magnus.
I wanted more amazon pay vouchers.

There is a offer showing on amazon. Buy 3.5k amazon pay vouchers and get 150₹ back.

If i use Magnus for this, will it be counted as wallet load or it will be counted in milestone and regular 1x points?

Thanks
The limit has been raised to 20k. If you have only purchased 10k worth of Amazon Pay vouchers, you can buy another 10k. Additionally, the offer on Amazon can be availed by paying through UPI only.
 
The limit has been raised to 20k. If you have only purchased 10k worth of Amazon Pay vouchers, you can buy another 10k. Additionally, the offer on Amazon can be availed by paying through UPI only.
Thanks.
its good news. I didn’t know that.😀
Direct gyftr purchase will fetch points, right?

Btw, when have they raised limit to 20k?
 
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any way to activate the easydiner premium membership using magnus? or just make an account and get the discount using the card?
 
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