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Axis Magnus Does it make economic sense to get 38k ER @ 15-17k INR

tdot

TF Select
im contemplating best card to use for upcoming large purchase and among them is M4B which is my go to card for everything these days. However, the catch is I’d be shelling close to Rs 15,000 to get these 38k approx Edge reward points.

Since, im unsure about the value proposition I figured I’ll check with the card community who can weigh in on the value of these 38k points. I understand I can convert this to 30K air miles on Magnus 4 Burgundy which could be like 3 return flight Del-BLR or 1 award flight to Europe.
 
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