I know this has been discussed in multiple forums , but in different scenarios
I need some help in deciding whether to close Burgundy Magnus or not
I have ICICI Private Emeralde Metal Card:
Here is a comparison of the ICICI Emeralde Private Metal Credit Card and the Axis Burgundy Magnus Credit Card:
The ICICI Emeralde Private Metal Credit Card has a joining/annual fee of Rs. 12,499 + GST. Offers a renewal 12,500 bonus reward points. The reward rate is 6 points per Rs. 200 spent (3%) on most categories like retail, grocery, education and insurance with some monthly caps of 1000 points. The forex markup fee is 2%.
In comparison, the Axis Burgundy Magnus Credit Card has a no annual fee until I maintain 10L in Axis Savings Account. The reward rate ranges from 12-60 Axis EDGE Reward points per Rs. 200 spent based on monthly spends and categories, with 1 point = Rs. 0.20. The forex markup fee is 2%.
Both cards offer unlimited domestic and international lounge access . The ICICI card provides additional golf benefits. For travel benefits, the Axis card gives 8 complimentary VIP airport services while the ICICI card offers milestone rewards of EaseMyTrip vouchers and no cancellation charges on flight/hotel bookings.
In terms of movie and dining, the Axis card provides discounts via BookMyShow (Debit Card) and Dining Delights program - EazyDiner (40% off upto 1000). The ICICI card offers a complimentary EazyDiner Prime membership and up to Rs. 750 off on movie tickets via BookMyShow twice a month.
Both provide 1% fuel surcharge waiver.
The Axis card has an additional milestone benefit of 25,000 bonus points on spending Rs. 1.5 lakh in a month.
In summary, both are super-premium cards with similar fees, rewards and benefits. The ICICI card has an edge on welcome benefits and golf privileges while the Axis card provides higher reward points and milestone bonuses.
My spends will be more than 1.5 only twice a year
(School fees and Insurance premium) else it wold be less than 1.5 L. Is it worth keeping Axis Burgundy Magnus card by parking 10L in savings ![Frown :( :(](https://cdn.jsdelivr.net/gh/twitter/twemoji@14.0.2/assets/72x72/1f641.png)
![Smile :) :)](https://cdn.jsdelivr.net/gh/twitter/twemoji@14.0.2/assets/72x72/1f642.png)
![Frown :( :(](https://cdn.jsdelivr.net/gh/twitter/twemoji@14.0.2/assets/72x72/1f641.png)
Here is a comparison of the ICICI Emeralde Private Metal Credit Card and the Axis Burgundy Magnus Credit Card:
The ICICI Emeralde Private Metal Credit Card has a joining/annual fee of Rs. 12,499 + GST. Offers a renewal 12,500 bonus reward points. The reward rate is 6 points per Rs. 200 spent (3%) on most categories like retail, grocery, education and insurance with some monthly caps of 1000 points. The forex markup fee is 2%.
In comparison, the Axis Burgundy Magnus Credit Card has a no annual fee until I maintain 10L in Axis Savings Account. The reward rate ranges from 12-60 Axis EDGE Reward points per Rs. 200 spent based on monthly spends and categories, with 1 point = Rs. 0.20. The forex markup fee is 2%.
Both cards offer unlimited domestic and international lounge access . The ICICI card provides additional golf benefits. For travel benefits, the Axis card gives 8 complimentary VIP airport services while the ICICI card offers milestone rewards of EaseMyTrip vouchers and no cancellation charges on flight/hotel bookings.
In terms of movie and dining, the Axis card provides discounts via BookMyShow (Debit Card) and Dining Delights program - EazyDiner (40% off upto 1000). The ICICI card offers a complimentary EazyDiner Prime membership and up to Rs. 750 off on movie tickets via BookMyShow twice a month.
Both provide 1% fuel surcharge waiver.
The Axis card has an additional milestone benefit of 25,000 bonus points on spending Rs. 1.5 lakh in a month.
In summary, both are super-premium cards with similar fees, rewards and benefits. The ICICI card has an edge on welcome benefits and golf privileges while the Axis card provides higher reward points and milestone bonuses.
My spends will be more than 1.5 only twice a year
![Smile :) :)](https://cdn.jsdelivr.net/gh/twitter/twemoji@14.0.2/assets/72x72/1f642.png)
![Frown :( :(](https://cdn.jsdelivr.net/gh/twitter/twemoji@14.0.2/assets/72x72/1f641.png)
![1721734348218.webp 1721734348218.webp](https://www.technofino.in/community/data/attachments/62/62150-b6a8ba622127785556d61580c3d085ac.jpg?hash=dG8dQhQLmf)