Is it possible to get LTF Magnus for new Burgundy accounts?

[maynigam]

Hello guys
I am considering opening a new burgundy account and I have the following queries.
I was holding magnus last year and I closed it in February 2024. Since then, I am using a paid Atlas. I don't have any other relationship with Axis.

1. Can I open a new burgundy account and request for a LTF Magnus? If not LTF, atleast FYF?
2. Can I request that my Atlas be made LTF?
3. How soon can I expect to receive the card if approved?
4. If burgundy criteria is not met after few months, is there any penalty or I'll just loose the 5:4 privilege? What happens to the LTF card?

Let me clarify my purpose:
1. I need to keep a large amount in some savings account (for liquidity) for around 6 months only. So this seems to be the most rewarding deal if they give me LTF/FYF Magnus.
2. I need to make 10L down payment for a new car. M4B seems much more rewarding than Atlas for this amount! As per my calculations, a paid M4B is also more rewarding than Atlas for this transaction. (Please correct me if I'm wrong)

Please guide! Thanks in advance

 

[maynigam]

If you put 50lk they will give u in a week.

Let me ask them if that is possible. Hopefully they agree for FYF Magnus atleast.
Need to make the car payment in 2 weeks. Not going to wait 3 months for the benefit!

 

[_ayush]

Another route which is more expensive is you take normal magnus now and use that to make the payment. After you get m4b, you can redeem those points at 5:4. This however would cost you more because you have to pay joining fees for both

 

[maynigam]

Another route which is more expensive is you take normal magnus now and use that to make the payment. After you get m4b, you can redeem those points at 5:4. This however would cost you more because you have to pay joining fees for both

That is a very good idea. But I didn't understand why i have to pay joining fees for both. Magnus and Magnus for burgundy are two separate cards?

 

[_ayush]

Yes. They both are seperate cards. If you take magnus you will be charged 12.5k+gst and get a 12.5k yatra voucher. You can easily do that by calling CC.
Then once you upgrade to m4b, you have to pay 35k fees with no joining benefit.

I am in a similar situation and was thinking of using m4b earlier but its too much hassle. Decided to go with dcb+atlas.

 

[shashankrt]

Hello guys
I am considering opening a new burgundy account and I have the following queries.
I was holding magnus last year and I closed it in February 2024. Since then, I am using a paid Atlas. I don't have any other relationship with Axis.

1. Can I open a new burgundy account and request for a LTF Magnus? If not LTF, atleast FYF?
2. Can I request that my Atlas be made LTF?
3. How soon can I expect to receive the card if approved?
4. If burgundy criteria is not met after few months, is there any penalty or I'll just loose the 5:4 privilege? What happens to the LTF card?

Let me clarify my purpose:
1. I need to keep a large amount in some savings account (for liquidity) for around 6 months only. So this seems to be the most rewarding deal if they give me LTF/FYF Magnus.
2. I need to make 10L down payment for a new car. M4B seems much more rewarding than Atlas for this amount! As per my calculations, a paid M4B is also more rewarding than Atlas for this transaction. (Please correct me if I'm wrong)

Please guide! Thanks in advance

Question is - which cards u already have?
If you have infinia - forget the torture of Axis and go for Indusind pioneer. This is because after 6 months, when u withdraw the amount, Axis will degrade ur MB to normal Magnus. Opt for axis ONLY if you can maintain 10 lakhs in account in long term OR qualify via salary route.

 

[_ayush]

Question is - which cards u already have?
If you have infinia - forget the torture of Axis and go for Indusind pioneer. This is because after 6 months, when u withdraw the amount, Axis will degrade ur MB to normal Magnus. Opt for axis ONLY if you can maintain 10 lakhs in account in long term OR qualify via salary route.

does it matter if its downgraded? this is more like a one night stand for OP.

 

[maynigam]

Question is - which cards u already have?
If you have infinia - forget the torture of Axis and go for Indusind pioneer. This is because after 6 months, when u withdraw the amount, Axis will degrade ur MB to normal Magnus. Opt for axis ONLY if you can maintain 10 lakhs in account in long term OR qualify via salary route.

I don't have Infinia, I have Regalia Gold which I am going to close soon. I have Atlas and Amex Platinum travel which I plan to use for the car payment. I wanted M4B only for the car payment. Wont maintain beyond 6m actually.

 

[maynigam]

does it matter if its downgraded? this is more like a one night stand for OP.

yes. you are right

 

[_ayush]

I don't have Infinia, I have Regalia Gold which I am going to close soon. I have Atlas and Amex Platinum travel which I plan to use for the car payment. I wanted M4B only for the car payment. Wont maintain beyond 6m actually.

Did you check if Amex works on their POS?
Did you check for MCC?
Did you negotiate MDR?

Also if you are interested in infinia, this might be a good oppurtunity to get it.

 

[maynigam]

Decided to go with dcb+atlas

you mean car purchase?

 

[beast_boy]

You can get it within a week if you go investment route.

what is RML Group Bro?

 

[_ayush]

you mean car purchase?

y e s

 

[maynigam]

Did you check if Amex works on their POS?
Did you check for MCC?
Did you negotiate MDR?

Dunno if Amex works, lets try
MCC is Automobile
MDR 0%

 

[jeevanreddy58]

what is RML Group Bro?

Thread 'New Section Announcement: Reward Market Lounge - Introductory Offer'

Apr 30, 2023

Hello TFCians,
As promised, we are relaunching the new section "Reward Market Lounge".
Reward Market Lounge, specifically designed for safely trading your rewards. Here are a few guidelines you need to follow:

1. Only list your own or family members' rewards for sale.
2. Do not attempt to scam other members.
3. Do not take screenshots to share on other platforms or with anyone else.
4. RML memebrs can post deal on their profile (profile post), with a link to RML thread.

Here's how the Reward Market will work:

There are two options:
Number 1:

1. Post a thread and discuss...

• TechnoFino
• Replies: 182
• Forum: Announcements 📣

• 
• 

.
.

 

[lucifer1728]

Question is - which cards u already have?
If you have infinia - forget the torture of Axis and go for Indusind pioneer. This is because after 6 months, when u withdraw the amount, Axis will degrade ur MB to normal Magnus. Opt for axis ONLY if you can maintain 10 lakhs in account in long term OR qualify via salary route.

Can you explain the link between infinia and indusind pioneer? And the reward rate for the large transaction?

 

[sahilgulati5]

f

Can you explain the link between infinia and indusind pioneer? And the reward rate for the large transaction?

For Large transaction its always M4B.. as it gives 14% above 1.5L Send. But as said earlier its a Pain in a**.. Get it use it throw it.. if its once in a blue moon spend.. If you have atleast 3 to 4 months of spend above 1.5L keep it.

 

[SSV]

what is RML Group Bro?

RML group = Rum Margarita Liquor group..
They serve these drinks for the group members there !! 😉 😉

More details about the drinks here

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

 

[maynigam]

if you are interested in infinia, this might be a good oppurtunity to get it

H O W?

 

[maynigam]

Question is - which cards u already have?
If you have infinia - forget the torture of Axis and go for Indusind pioneer. This is because after 6 months, when u withdraw the amount, Axis will degrade ur MB to normal Magnus. Opt for axis ONLY if you can maintain 10 lakhs in account in long term OR qualify via salary route.

What did you write about pioneer account earlier? Did not understand

 

[_ayush]

H O W?

7.5L spends on regalia