Only Premium & Super Premium Cards Discussion

[RewardsAlert]

Even they are fully aware about this bug, as the traction which Samsung Infinite card has received on Twitter from May - June month is just unimaginable. These so called influencers have made that card seem like a one time lottery!

 

[RewardsAlert]

This post by @Harry1 explains it well why Magnus will still be a worthy card than Infinia for many of us by Multi brand voucher redemption. Again, I acknowledge that it is not a product feature but a bug that can be fixed, so no hate for Infinia as well.

Let's see comparison to Infinia with 1L spends. Below 1L, Magnus doesn't stand anywhere now, so no point to compare. For infinia, I am considering 2.8% as 1x rate to take 15-20% flight discounts into account.

Normal spends excluding utilities: Magnus - 6.2% vs Infinia 2.8% (Hardly anything comes under this category for me), Maybe payzapp redgiraffe, if they haven't excluded it under utility.

Amazon pay voucher: Magnus - 8.6% and Infinia - 12.5%

ASV / Flipkart voucher: Magnus - 11% and Infinia - 14%

Myntra/Yatra voucher: Magnus - 17% and Infinia - 14%

Overall, at this point, I will say Infinia wins, as Magnus has too many exclusions now.

But then comes the miracle of Multibrand vouchers (assuming it will continue to work after 3 months), which multiples magnus points value by 1.7 times and makes it better than Infinia even without renewal Voucher. However, going by rumours, there is a fix coming soon for this as well.

 

[shubhamosy]

This post by @Harry1 explains it well why Magnus will still be a worthy card than Infinia for many of us by Multi brand voucher redemption. Again, I acknowledge that it is not a product feature but a bug that can be fixed, so no hate for Infinia as well.

Let's see comparison to Infinia with 1L spends. Below 1L, Magnus doesn't stand anywhere now, so no point to compare. For infinia, I am considering 2.8% as 1x rate to take 15-20% flight discounts into account.

Normal spends excluding utilities: Magnus - 6.2% vs Infinia 2.8% (Hardly anything comes under this category for me), Maybe payzapp redgiraffe, if they haven't excluded it under utility.

Amazon pay voucher: Magnus - 8.6% and Infinia - 12.5%

ASV / Flipkart voucher: Magnus - 11% and Infinia - 14%

Myntra/Yatra voucher: Magnus - 17% and Infinia - 14%

Overall, at this point, I will say Infinia wins, as Magnus has too many exclusions now.

But then comes the miracle of Multibrand vouchers (assuming it will continue to work after 3 months), which multiples magnus points value by 1.7 times and makes it better than Infinia even without renewal Voucher. However, going by rumours, there is a fix coming soon for this as well.

Great!

 

[Deleted member 9785]

If we redeem now with existing points does that mean we get conversion ratio of 5:8 instead of 5:4 🙁

Sorry i couldnt wrap my head around this trick.

 

[CMGCMG is verified member.]

If we redeem now with existing points does that mean we get conversion ratio of 5:8 instead of 5:4 🙁

Sorry i couldnt wrap my head around this trick.

No. It is 5:2.

 

[PavvanPavvan is verified member.]

Bigbasket is not available to redeem so the best option is myntra

No bigbasket is back just checked

 

[Deleted member 9785]

Man i have become duffer in so much converson ratio. Mind has stopped working
😈
As of now we dont have to anything right. This technique needs to be applied from 1st august in case of actual devlauation

 

[CARDBITRAGE]

I feel Axis Atlas is worth it only if you have significant travel spends(>7.5L/annum). Else you can stick with Magnus, hit that 1L milestone every month and extract around 7-8%.

 

[mojo_jojo123]

Can someone elaborate - "This is the reason, people are able to transfer 30k Samsung points at 5:4." ?

 

[hungryPanda]

Can someone elaborate - "This is the reason, people are able to transfer 30k Samsung points at 5:4." ?

Currently Axis doesnt differ ER for different cards

All the cards ER are ccredited to same balance and card witth highest tier is considered for utilizing the ER

 

[mojo_jojo123]

Currently Axis doesnt differ ER for different cards

All the cards ER are ccredited to same balance and card witth highest tier is considered for utilizing the ER

so via https://edgerewards.axisbank.co.in/lms/ we can convert our edge rewards to gift card @ 5:2 post devaluation as well ? or we have to get one more card to be eligible for 5:2 . Right now I see 5:1 there as well , i.e for 500 rupees voucher we need to give 2500 ER

 

[Deleted member 9785]

Even they are fully aware about this bug, as the traction which Samsung Infinite card has received on Twitter from May - June month is just unimaginable. These so called influencers have made that card seem like a one time lottery!

ye logo ke sab IT enginner farzi hai kya? Inse axis reserve ka block and renew to theek hua nai ye log conversion ratios kya samjhenge. I think coders dint study maths in school and IT engineering. sab non core wale hai 🤓

Apne lie acha hai hehe. Itne nikkame logo ko to ab lootne ka man bhi nai kar ra. No challenge

 

[hungryPanda]

so via https://edgerewards.axisbank.co.in/lms/ we can convert our edge rewards to gift card @ 5:2 post devaluation as well ? or we have to get one more card to be eligible for 5:2 . Right now I see 5:1 there as well , i.e for 500 rupees voucher we need to give 2500 ER

for 5:2 just read the main post of this article which works till now

 

[jaimingandhi64]

guys is there still any good value left once we get official confirmation for this card? or good to close and say tata bye bye

i mean we have to pay 11800 from our pocket which can’t be recovered at any cost (previously we had renewal benefits) and on top of it this conversion ration devaluation so to recover 11800 is also a big deal now.

 

[Virgo]

You can easily get burgundy private card though

Can anyone clarify if value of demat holding through Axis Direct is considered in NRV for Burgundy Private? Thanks

 

[jack333]

Can anyone clarify if value of demat holding through Axis Direct is considered in NRV for Burgundy Private? Thanks

Yes

 

[hungryPanda]

Can anyone clarify if value of demat holding through Axis Direct is considered in NRV for Burgundy Private? Thanks

3Crore NRV Boht jyada hei but

 

[CardSeeker]

Great Thread 😄

 

[NikTravelEnthusiast]

Yeah
For safer bets, I am parking my ER in ITC
Can even move them to MB from their and then flights FFP

Yearly 60 K limit is there for ITC, correct?

Whats the limit for Marriot?

 

[CMGCMG is verified member.]

Yearly 60 K limit is there for ITC, correct?

Whats the limit for Marriot?

60K limit is for ITC to Marriott transfer at 2:3