Axis Magnus Is encashing miles on TechnoFino safe?

[Hisoka]

Hey everyone. I’ve around 1.6L miles with me (including miles to come on Aug 10)

I’ve used my miles only for Vistara flights. And I don’t want to transfer so many points at once to Vistara as we don’t know what will happen to it after Air India merger.

I’ve seen people on threads exchanging points for cash for 50-60p/mile. My question is that how does it work? I know there’s a thread on TechnoFino called RML group but is that also safe?

What’s the guarantee that once I transfer my miles to that person’s account I’ll receive cash for that? Has anyone tried encashing their miles?

I just need little guidance here as to whether this step is safe or should I redeem all of them to Club Vistara. I know people transferring those points to Accor or SQ will squeeze out much more value than me.

Thanks

 

[ak93]

70p per ER is actually a decent deal for people who are not going to use points. 1 ER = 0.8 CV, so even if you consider 1 CV = ₹1, selling ER at 70p would be 12.5% discount which you would usually get anyways if you book through third party websites.

Staying at ITC or Marriot just because you have points does not make sense to everyone when you can get cash and use it for cheaper hotels.

I transferred to Accor since I will do a Europe trip soon. Even if you consider value of 1 point = ₹1.6, cash booking would still be cheaper in airbnbs (since I am looking at budgets stays which is Ibis)

If there is Ibis available for 60 EUR = 3000 points, there is usually an airbnb for around 3000 INR.

 

[Hisoka]

I transferred to Accor since I will do a Europe trip soon. Even if you consider value of 1 point = ₹1.6, cash booking would still be cheaper in airbnbs (since I am looking at budgets stays which is Ibis)

If there is Ibis available for 60 EUR = 3000 points, there is usually an airbnb for around 3000 INR.

Yeah but the whole point of this card was for true HNIs who travel a lot and can make best use of those points, with luxurious stays and business class tickets. People like us can be happy in regular stays as well. Magnus just made us feel rich with all those absurd points every single month.

 

[ak93]

Yeah but the whole point of this card was for true HNIs who travel a lot and can make best use of those points, with luxurious stays and business class tickets. People like us can be happy in regular stays as well. Magnus just made us feel rich with all those absurd points every single month.

Agree, I am happy that they added Accor as partner which has budget hotels as well. Also got a great miles redemption on turkish miles and smiles.
Saw some good options in maldives as well.

 

[Deleted member 11974]

y

Damn people are actually able to sell for 70p? I thought it's 60 max. Yeah your point is right, but they don't usually agree. If you just go with the price, there are better deals via Skyscanner or MMT. Also, CV points have soft expiry right? Like if I transfer points now I can extend the validity of all points by transferring some more points after few months, like Accor.

es cv points have a soft expiry of 3 years if i am not wrong
i have done this only for club vistara joining and renewal vouchers for economy tickets.
i had axis vistara and sbi vistara and i sold all the 4 tickets for a bom del floght at 4k per ticket whcih costed me arounf 2.5k all included per ticket

 

[RkrRkr is verified member.]

How to get access to RML?

Visit the thread for more detail.

Thread 'New Section Announcement: Reward Market Lounge - Introductory Offer' https://www.technofino.in/community...eward-market-lounge-introductory-offer.11561/

 

[chasni]

Yeah but the whole point of this card was for true HNIs who travel a lot and can make best use of those points, with luxurious stays and business class tickets. People like us can be happy in regular stays as well. Magnus just made us feel rich with all those absurd points every single month.

Use Magnus ER for fulfilling your desires not needs. 😉

 

[Hisoka]

Use Magnus ER for fulfilling your desires not needs. 😉

Desire toh ho jayegi fulfil bro, I always wanted to travel business class and it’s happening next week. Using Magnus’ CV points and Axis Vistara’s upgrade voucher.

 

[chasni]

Desire toh ho jayegi fulfil bro, I always wanted to travel business class and it’s happening next week. Using Magnus’ CV points and Axis Vistara’s upgrade voucher.

7-star hotel wali bhi kar lo.

 

[TheMentalist]

partially to united,ethiad

For which sectors/routes, is Etihad more suitable??

 

[Hisoka]

For which sectors/routes, is Etihad more suitable??

Can anyone make a small guide here which lists all the popular countries to travel along with the best miles partner and number of miles required for the same?

Would be of so much help to everyone 🥺

 

[Deleted member 11974]

For which sectors/routes, is Etihad more suitable??

Middle east