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 ✌🏻​

 

[punindya]

s

No, I was talking about separation of edge rewards between non magnus and magnus

yes, seems like they have caught on

 

[phagocyte536]

s

yes, seems like they have caught on

Edge rewards are now separated by card?

I applied samsung infinite just for the 30k points, please let me know! I will withdraw from the process

 

[grshnehete]

Edge rewards are now separated by card?

I applied samsung infinite just for the 30k points, please let me know! I will withdraw from the process

I was about to apply next weekend. If the edge rewards are separated, then no use of applying

 

[phagocyte536]

I don't have any other Axis card that gives ER, can someone confirm?

 

[miles_guy]

Edge rewards are now separated by card?

I applied samsung infinite just for the 30k points, please let me know! I will withdraw from the process

Yes, please. If anyone can confirm, that will be great

 

[S.S.]

Yes, please. If anyone can confirm, that will be great

Yes, this will be sad indeed if true, 5k gone down the drain

 

[kkk]

I think even if it gets fixed, still you are getting 6k Amazon gift card on payment of Rs. 5900 fees(for those who have already applied and not received 30k points). For new application, it's not worth taking it.

 

[shivi946]

Edge rewards are now separated by card?

I applied samsung infinite just for the 30k points, please let me know! I will withdraw from the process

Yes, it's better to withdraw. The conversion ratio is 10:1, so that only gives you 3k miles after paying 5900. Axis confirmed that they are aware of this and even if a fix isn't anytime soon (which they are working on it), they said they are gonna re-adjust it afterwards even if someone gets the 30k converted to miles.

 

[S.S.]

Yes, it's better to withdraw. The conversion ratio is 10:1, so that only gives you 3k miles after paying 5900. Axis confirmed that they are aware of this and even if a fix isn't anytime soon (which they are working on it), they said they are gonna re-adjust it afterwards even if someone gets the 30k converted to miles.

Is it the call centre folks or is there a link of any kind

 

[Deleted member 9785]

I need to make payment for education fees upwards of INR 60 lacs for a college in canada. Can magnus be used for it ?

 

[Deathsnatcher]

I need to make payment for education fees upwards of INR 60 lacs for a college in canada. Can magnus be used for it ?

You have 60 L limit?

 

[Deleted member 9785]

You have 60 L limit?

No, but i can keep paying money from account to the card after every exhaustion of card limit. Also, we have 3-4 cards in the family to be used here.

There is no 5% TCS on cards like bank wires

 

[phildunphy]

No, but i can keep paying money from account to the card after every exhaustion of card limit. Also, we have 3-4 cards in the family to be used here.

There is no 5% TCS on cards like bank wires

But the payment is for a foreign entity right? Its not like you will for an indian entity and they will wire it?

 

[Warlock27]

Dang, I applied for Samsung Infinite just last week, they've already hit my CIBIL up, I applied just for the 30k points. Do you know where they've said/confirmed about this officially?
My card is almost approved, I don't know if I should go ahead with it or cancel my application.

Yes, it's better to withdraw. The conversion ratio is 10:1, so that only gives you 3k miles after paying 5900. Axis confirmed that they are aware of this and even if a fix isn't anytime soon (which they are working on it), they said they are gonna re-adjust it afterwards even if someone gets the 30k converted to miles.

 

[U_Utkrsh]

Dang, I applied for Samsung Infinite just last week, they've already hit my CIBIL up, I applied just for the 30k points. Do you know where they've said/confirmed about this officially?
My card is almost approved, I don't know if I should go ahead with it or cancel my application.

I am in the same boat as you are, however there was no Cibil hit in my case. I took it via calling the Customer care.
There seems to be no official confirmation but various people have mentioned that they have spoken to customer care and confirmed that they are working on it. Either way, we can recover the joining fees which is a relief. Also if we are able to convert it before changes are being implemented, I think axis will most surely reverse these. However the risk is small as the monthly milestone from Magnus itself can cover the deducted points.

 

[dominic1229]

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

New Magnus user here!
Isn't the Amazon voucher limit updated? Checked on Gyftr Edge TnC and found that Amazon vouchers are now capped at 20K worth of vouchers in a month.

Is there any limit on bonus EP earned in a month from Gyftr? Saw in multiple threads that people mentioned a limit of 10K bonus EP in a month but Gyftr Edge homepage mentions that there is no upper limit on points you can earn.
My plan is to get 20K amazon pay vouchers (3.6K EP), 30K Swiggy money vouchers (9K EP) and 10K FlipK vouchers (3K EP) in this month. Will this plan get all bonus EP without any EP capping?

 

[4uziaul]

New Magnus user here!
Isn't the Amazon voucher limit updated? Checked on Gyftr Edge TnC and found that Amazon vouchers are now capped at 20K worth of vouchers in a month.

Is there any limit on bonus EP earned in a month from Gyftr? Saw in multiple threads that people mentioned a limit of 10K bonus EP in a month but Gyftr Edge homepage mentions that there is no upper limit on points you can earn.
My plan is to get 20K amazon pay vouchers (3.6K EP), 30K Swiggy money vouchers (9K EP) and 10K FlipK vouchers (3K EP) in this month. Will this plan get all bonus EP without any EP capping?

You seem to be confused about the Grab Deals portal. Previously, the value was 10k, but due to a recent devaluation, it has been reduced to 5k. However, Gyftr does not have any such restrictions.

 

[dominic1229]

You seem to be confused about the Grab Deals portal. Previously, the value was 10k, but due to a recent devaluation, it has been reduced to 5k. However, Gyftr does not have any such restrictions.

I am referring to Gift Edge (gyftr.com/edgerewards) and it says in TnC that Amazon vouchers purchase limit is 20K in a month: https://www.gyftr.com/edgerewards/terms-and-conditions

• A customer (registered mobile number) can buy a maximum of Rs. 20,000 worth of Amazon Pay Gift Cards in a calendar month.

 

[4uziaul]

Is there any limit on bonus EP earned in a month from Gyftr? Saw in multiple threads that people mentioned a limit of 10K bonus EP in a month but Gyftr Edge homepage mentions that there is no upper limit on points you can earn.
My plan is to get 20K amazon pay vouchers (3.6K EP), 30K Swiggy money vouchers (9K EP) and 10K FlipK vouchers (3K EP) in this month. Will this plan get all bonus EP without any EP capping?

Sorry, but I find your question quite confusing. Are you referring to Edge Rewards Points? If so, there are no restrictions on how many points you can earn on Gift Edge.

 

[dominic1229]

Sorry, but I find your question quite confusing. Are you referring to Edge Rewards Points? If so, there are no restrictions on how many points you can earn on Gift Edge.

Yes, I am referring to Bonus EDGE REWARD Points such as 5X on swiggy voucher, 3x on amazon voucher and 5x on FK voucher.