Only Premium & Super Premium Cards Discussion

[plastikman]

Are you saying the minimum transaction limit is NOT ₹2000? Have you verified?

What minimum transaction limit ? That is only for earning ER points (for which Kiwi is useless due to 2ER / 2000). Kiwi card's USP is direct kiwis which one earns by paying by UPI / scanning QR via Kiwi app. I have the card since Day 1.

 

[CyberPsych]

What minimum transaction limit ? That is only for earning ER points

Yes, I was quoting because OP was comparing it against Tata Neu coins (which we can get once we transact more than ₹34 through UPI). Now the post is edited

 

[NOOBY]

5% return on cashback can never be same as 5% airmiles return
As airmiles in itself gives exponential returns.

Could you please elaborate on this ?

I always assumed that for petty transactions, cashback is better... but got confused after reading your comment..

 

[plastikman]

Yes, I was quoting because OP was comparing it against Tata Neu coins (which we can get once we transact more than ₹34 through UPI). Now the post is edited

I guess OP is trying to say that direct CB from Kiwi is better than Neu points (especially if one doesn't use Tata services).

 

[drsel]

Could you please elaborate on this ?

I always assumed that for petty transactions, cashback is better... but got confused after reading your comment..

Air miles have superb value, more than 1 rupee, only if used for business class tickets or upgrading of economy to business class seats

 

[drsel]

What minimum transaction limit ? That is only for earning ER points (for which Kiwi is useless due to 2ER / 2000). Kiwi card's USP is direct kiwis which one earns by paying by UPI / scanning QR via Kiwi app. I have the card since Day 1.

But what is the value of 1 kiwi ?

 

[plastikman]

But what is the value of 1 kiwi ?

It is 0.25 Rs.

 

[drsel]

It is 0.25 Rs.

But can it be used as statement credit?
Or just to buy some over priced shopping vouchers?

 

[sourpai]

I have Magnus Burgundy. Therefore not able to understand the use case of Axis Atlas. I usually use either smartbuy or Travel Edge to book tickets. Don't usually book directly on Airline websites. Same goes for hotels. Especially with Accor and Marriott, when you use points. Some portion comes as direct swipe but that is small post point redemptions

Are there any useful cases where Atlas makes sense over and above Magnus Burgundy? Even if there are direct hotel / airline spends, it will be less than 1L at most in my case

 

[drsel]

I have Magnus Burgundy. Therefore not able to understand the use case of Axis Atlas. I usually use either smartbuy or Travel Edge to book tickets. Don't usually book directly on Airline websites. Same goes for hotels. Especially with Accor and Marriott, when you use points. Some portion comes as direct swipe but that is small post point redemptions

Are there any useful cases where Atlas makes sense over and above Magnus Burgundy? Even if there are direct hotel / airline spends, it will be less than 1L at most in my case

No, magnus burgundy beats Atlas and Infinia in every way.

Atlas is for those who cannot keep 30 lacs with axiss

 

[plastikman]

But can it be used as statement credit?
Or just to buy some over priced shopping vouchers?

You can directly get it imps'ed to your savings account via the app. In fact there is no other option. This can be done whenever you want and that too without any redemption charges.

 

[CARDBITRAGE]

Investment bankers who designed the reward structure, are the highest paid professionals in the whole world and American Express will hire the best.

The reward structure is designed so that very few people can reach the 4 lakh target, considering the very low acceptance of Amex cards all over India.
And even if they do, the loss to Amex is only 4.82 - 3.00 MDR commission = 1.82%, which is peanuts

At over $50B a year, they are doing brilliantly. Most of Amex's revenue comes from discount revenue. Absolutely amazing how they function actually. They run everything in a closed loop, controlling each and every aspect of the transaction. They are the issuers, they have their own network and carefully select their customers and merchants. Most companies work with Amex because they have access to data on exactly what, when and where affluent customers spend. And many corporations pay big bucks to extract that value from them by dishing out targeted discounts and this allows Amex to earn a healthy share in the process. Their scale in India is nothing compared to the US(yet). But India is a budding market and everybody wants in.

So coming to the reward structure, they know exactly what they are doing. It is designed to push people to hit that 4L milestone because the reward rate is lacklustre without the milestone.

 

[anirban.choudhuryanirban.choudhury is verified member.]

Could you please elaborate on this ?

I always assumed that for petty transactions, cashback is better... but got confused after reading your comment..

Cashback and airmiles can never go hand in hand .
You take a airmiles/hotel loyalty card because you know that the return which they can provide is immense and cashback is like petty savings.
Just an illustration which I recently gave to someone
Let us compare 2 cards
One from cashback , the best of the lot SBI cashback
Consider you are spending
4L rupees in a year
With 1L Rs every month
You get 20k as cashback

Spend the same amount in Amex Plat travel in same ratio

You earn 48,000 MR which if converted to Marriot gives 48000 Marriot Bonvoy points

Using which you can stay 3 nights at Westin Himalayas

Would that 20k from cashback , can it get you 3 nights at Westin Himalayas, where single night is charged around 20k-33k which is a ridiculous pricing I agree but what if you have planned for a short luxury trip for your family.

So now consider the real value what 4 lakhs spend on a miles card vs cashback card can get you


Now let's understand this at a bigger level
Suppose you wanted to spend a luxurious trip in Masai Mara , relax at one of their finest camps watch the great migration etc, now this is like a once in a lifetime experience

Consider a fact that there is a hotel J W Marriot Masai Mara which can be booked at 3 lakhs RS a night , and you want to redeem your stay in that property

You are average spender with about 10 lakhs Yearly spend

Suppose both you and your wife gets the sbi cash back card
Spend 5 lakh each on yours cards and earn a handsome 50k direct statement cashback

And in some parallel universe both you and your wife got Amex plat travel
Spending 5 lakhs each on your card and you earn approx 1 lakh Amex points

By the saving done through cashback card it would take approx 36 years to save money and redeem a 6 night stay at Marriot Masai Mara , chalo let's consider the fact that you invested that money somewhere still it would take atleast 20-25 years to save that kind of money

Where as if you book through Marriot Bonvoy points you can book that property at 5 lakhs marriot Bonvoy points which is 5 lakhs Amex points , that you can earn in just 5 years.

This is just a basic illustration without considering the fact price hike and everything .

5 lakhs MB points can get you 18 lakh Rupees worth of value
That is close to 1:3.6 return

 

[CARDBITRAGE]

No, magnus burgundy beats Atlas and Infinia in every way.

Atlas is for those who cannot keep 30 lacs with axiss

Until it doesn't. The only reason it is beating all other cards is the 30L that is locked in with Axis. Although it technically isn't, I would consider it a secured card.
I loved the idea of getting one, but my trust in Axis goes only up to a sum of 5L. It's a shame they aren't considering a family burgundy relationship.

 

[anirban.choudhuryanirban.choudhury is verified member.]

Are there any useful cases where Atlas makes sense over and above Magnus Burgundy? Even if there are direct hotel / airline spends, it will be less than 1L at most in my case

Burgundy Magnus is a super premium card which requires 3 lakh monthly salary deposit or 10 AQB or 30 lakhs TRV
It can not be compared with mid segment card like Atlas which is available with no strings attached just by paying 5900 to axis anyone can take it
So the exclusivity of burgundy magnus is biggest than Atlas

It beats atlas almost every where only thing where I can see Atlas would give better returns than BM is forex spends , if you are platinum tier with Atlas , forex transaction gives you 2x rewards where as BM has no accelerated reward for forex
Even after considering the markup of 3.5% of atlas vs 2% of magnus , a platinum tier atlas would give higher returns than BM , also it gives 2 complementary luxury airport pick Nd drop which Magnus doens't provide .

 

[drsel]

We can't use NeuCoins for Billpay. Its value is really less than actual cashback as mentioned by author.

Neu coins is only a discount, not real cash

 

[S.S.]

Burgundy Magnus is a super premium card which requires 3 lakh monthly salary deposit or 10 AQB or 30 lakhs TRV
It can not be compared with mid segment card like Atlas which is available with no strings attached just by paying 5900 to axis anyone can take it
So the exclusivity of burgundy magnus is biggest than Atlas

It beats atlas almost every where only thing where I can see Atlas would give better returns than BM is forex spends , if you are platinum tier with Atlas , forex transaction gives you 2x rewards where as BM has no accelerated reward for forex
Even after considering the markup of 3.5% of atlas vs 2% of magnus , a platinum tier atlas would give higher returns than BM , also it gives 2 complementary luxury airport pick Nd drop which Magnus doens't provide .

10 lakh aqb? Burgundy support told me 30 lakhs trv? Repeatedly I.e.

 

[drsel]

10 lakh aqb? Burgundy support told me 30 lakhs trv? Repeatedly I.e.

Even with 30 lakhs TRV (fixed deposits) I am not yet eligible for the Magnus burgundy card.
There is a cooling off period of 45 days for every new Burgundy account.

10 lakh AQB is only on paper, they are not following it at all

 

[S.S.]

Even with 30 lakhs TRV (fixed deposits) I am not yet eligible for the Magnus burgundy card.
There is a cooling off period of 45 days for every new Burgundy account.

10 lakh AQB is only on paper, they are not following it at all

I have Burgundy since June... still I am not eligible it seems

 

[CARDBITRAGE]

It beats atlas almost every where only thing where I can see Atlas would give better returns than BM is forex spends , if you are platinum tier with Atlas , forex transaction gives you 2x rewards where as BM has no accelerated reward for forex
Even after considering the markup of 3.5% of atlas vs 2% of magnus , a platinum tier atlas would give higher returns than BM

This was the condition earlier when the normal spend reward was 1EM/Rs.100. Now the default reward is 2EM/100 and accelerated rewards on forex spends have been removed.