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 ✌🏻​

 

[thedator]

if you add one t shirt or anything with gold , you can use voucher

I think thats been patched as well. There was a thread here sometime back.

 

[NikTravelEnthusiast]

if you add one t shirt or anything with gold , you can use voucher

It's patched now, confirmed by many members.

 

[jack333]

Now magnus is only good for people who can atleast spend 1 lakh after recent devaluation of grab deals and edge gyftr

 

[Harry13]

What’s the most rewarding way to make a purchase on Tanishq using Magnus?
Any offer or accelerated RP/CB thing?

 

[aamir00352]

Guys, how much time does it normally takes for accelerated edge rewards to be credited? I got the card delivered in March and did shopping from Giftr in 1st week of April for Amazon shopping vouchers, but the accelerated edge points are still not credited. Its still less than 120 days, but I am slightly concerned now.

 

[magscas]

Guys, how much time does it normally takes for accelerated edge rewards to be credited? I got the card delivered in March and did shopping from Giftr in 1st week of April for Amazon shopping vouchers, but the accelerated edge points are still not credited. Its still less than 120 days, but I am slightly concerned now.

Gyft Bonus points were credit in June for Feb, March and April together. However, few people reported missing points which are being gradually credited. I am still awaiting points for a couple of transactions done in March and April. You can mail Axis customer care to credit the points manually.

 

[sudeepm]

Are people able to successfully convert points to miles in the last 1 week? I tried twice, first one failed and points were reversed quickly, second failed and points are still pending reversal for more than a week. This is specifically for Accor.

 

[Warlock27]

Hey everyone, is there any known way to shop at Zara/H&M and other stores online and offline where gift cards are not available using Magnus and maybe get better than the base rewards? Right now use AU LIT card (5% Cashback feature for apparels capped at 1k per month).
I would love to include that shopping in my monthly milestones but the base Magnus rewards ain't much of an incentive to do so.

 

[ishanmontella]

Hey everyone, is there any known way to shop at Zara/H&M and other stores online and offline where gift cards are not available using Magnus and maybe get better than the base rewards? Right now use AU LIT card (5% Cashback feature for apparels capped at 1k per month).
I would love to include that shopping in my monthly milestones but the base Magnus rewards ain't much of an incentive to do so.

Not sure about Zara, but you could shop H&M products from Myntra as they are partnered with them. The collection might not be as exhaustive as compared to the H&M app. You can check it out.

You could buy the Myntra Vouchers from Gyftr at 1.5% flat off + 3x reward points.

 

[aloha12d]

Fam, A quick question. Correct me if I am wrong?

Intention: I wish to get to the monthly milsetone of 1 lakhs spend

Context: A friend is buying a scooter(TVS Jupiter) worth 88k, The Sales Team said, they would levy 2% charge(POS) if I pay using CC
However even if I pay the 2% Charge, and complete the 1L milestone by spending another 12k,Wouldn't I still be in profit considering my return rate is 6%?

 

[shivi946]

Magnus devalued officially.

 

[chbhk619]

With the latest reward rate from 1st Sep of 35 Points per 200 for spends after 1.5L. Will they give 70 (35+35) points for a 2x voucher of 200 rs ? or 47 (35+12(accelerated) ) points?
even if they wanted to give it as 70 points.. I dont think AXIS has such level of software .....

 

[ALOAK]

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.

Can we pay credit card bill using amazon pay now I think they serrated stating money gift card

 

[4uziaul]

Can we pay credit card bill using amazon pay now I think they serrated stating money gift card

No, you can't.

 

[Harry1]

With the latest reward rate from 1st Sep of 35 Points per 200 for spends after 1.5L. Will they give 70 (35+35) points for a 2x voucher of 200 rs ? or 47 (35+12(accelerated) ) points?
even if they wanted to give it as 70 points.. I dont think AXIS has such level of software .....

Mostly it is 35+12.

Something similar is verified with select card already by some people. Like jockey/marks and Spencer used to give 20 points as 1x under retail category double points, but only 10 points for bonus grab deals points.

 

[chbhk619]

For samsung card, if I make 3 transactions of 100 each... Is it sufficient to be eligible for 30k?
And how long it takes to credit?

 

[ak93]

For samsung card, if I make 3 transactions of 100 each... Is it sufficient to be eligible for 30k?
And how long it takes to credit?

Yes, I got it with Magnus milestone which was within 2 weeks. But official time is 2 months I think.

 

[chbhk619]

On samsung infinite card.. I made couple of transactions 10 days ago I didn't receive any points... But received for spends on magnus.. Does samsung card points come at billing time? Or is it similar to Magnus?
Or are they segregating them?

 

[miles_guy]

Yes, I got it with Magnus milestone which was within 2 weeks. But official time is 2 months I think.

Did you raise a query or got it automatically?

 

[ak93]

On samsung infinite card.. I made couple of transactions 10 days ago I didn't receive any points... But received for spends on magnus.. Does samsung card points come at billing time? Or is it similar to Magnus?
Or are they segregating them?

Upto 60 days. I got the points yesterday for June statement txns due on 21st July. Got more points than expected as they summed up all transactions and gave points based than that.