Magnifi Credit Card Discussion

[kuchbhikuchbhi is verified member.]

Federal x Fi have again started issuing their co branded Magnifi card.

Here’s a concise list of Fi Magnifi Card benefits :

• Lifetime free – no joining or annual fees
• 20% instant discount on top brands like Amazon, Zomato, Zepto, and BookMyShow on weekends
• 5% cashback on weekend spends (shopping, dining, travel, etc.)
• 0.5% cashback on weekday spends
• Rewards earned as Fi Points, redeemable for gift cards, flights, or bill payments
• No minimum spend requirement
• Usable online and offline everywhere
• Potential annual savings up to ₹25,000 (as per Fi estimates)

More info https://fi.money/documents/credit-card/magnifi/important-tnc

So should someone apply for this card considering weekend reward rate and 20% instant discount upto 100 for purchasing 500 stuff 🌚

 

[raghu.rokda]

Kuch bhi ..

 

[Chacha Chaudhary]

Existing Federal card holder eligible?

 

[nh124001]

@kuchbhi ..bro iske airmile and hotel loyalty transfer partners kaun se hai..and at what ratio?

 

[kuchbhikuchbhi is verified member.]

Existing Federal card holder eligible?

Afaik core hoga to co branded to mil jana chiye

 

[kuchbhikuchbhi is verified member.]

@kuchbhi ..bro iske airmile and hotel loyalty transfer partners kaun se hai..and at what ratio?

Krisflyer and maharaja aur yaad nhi

Ratio bhi nhi yaad aj tak kiya hi nhi dekh ke btaunga

 

[abyclassic]

Existing Federal card holder eligible?

I got my Federal card one month back. Had to close One Card from Federal to get the core card. Heard that Federal changed their policy soonafter I closed my One Card.
I tried applying for Magnifi. Got rejected with reason, doesnt quality their Cobranded policy

 

[SplendorSuperman]

I hold core federal too and got rejected for it.

I got my Federal card one month back. Had to close One Card from Federal to get the core card. Heard that Federal changed their policy soonafter I closed my One Card.
I tried applying for Magnifi. Got rejected with reason, doesnt quality their Cobranded poli

 

[xfactcc]

I have Jupiter federal credit card for a year now.
Recently seeing Fi showing me I am pre-approved for Magnifi.

Should I go for it? Now that Federal has changed policy on holding multiple cc's.

Or should I try Scapia? Heard it is much better value?

Any advice is welcome.

 

[ccdc]

if someone has any co branded card of federal bank....probably they wont get any other one now....pre approved or not...

 

[Akshay Ajmera]

Is this co-branded credit card.
Also non fi users are eligible??

 

[RAMESH BABU N]

I think you need to have an account with Federal, to get to the next level of your card application. The App is checking that after you give PAN, DOB n NAME.

 

[nandhakumarn]

I think you need to have an account with Federal, to get to the next level of your card application. The App is checking that after you give PAN, DOB n NAME.

yes sir. ur right . but my application was rejected due to aadhar and phone number mismatching

 

[cardy]

I have scapia, so not applying in fear of rejection.
They everyday sending notification

 

[kuchbhikuchbhi is verified member.]

I have scapia, so not applying in fear of rejection.
They everyday sending notification

They send me saying pre approved 2.9L limit no enquiry checks

 

[fradela]

I have Celesta credit card from Federal.

Now I applied this card, Application Rejected in the last step.

"We regret to inform you that your application cannot be processed as it does not meet the criteria set by our co-branded credit card policy"

Should I close my current Federal core to get the co branded credit cards from them?

 

[cred-it]

Krisflyer and maharaja aur yaad nhi

Ratio bhi nhi yaad aj tak kiya hi nhi dekh ke btaunga

It’s 4 point =1, but the card final valueback is 5%

 

[cred-it]

I have Jupiter federal credit card for a year now.
Recently seeing Fi showing me I am pre-approved for Magnifi.

Should I go for it? Now that Federal has changed policy on holding multiple cc's.

Or should I try Scapia? Heard it is much better value?

Any advice is welcome.

Scapia is much worse. 10k spends for lounge. Not good card for cashback and rewards for that much better free options.

 

[cardy]

I have Celesta credit card from Federal.

Now I applied this card, Application Rejected in the last step.

"We regret to inform you that your application cannot be processed as it does not meet the criteria set by our co-branded credit card policy"

Should I close my current Federal core to get the co branded credit cards from them?

No, not at all

 

[techgeek28]

Just closed my Scapia card, so might not be eligible as the CX person had said that I won't be able to open any card with Federal in future(very strange). Honest take on Magnifi - seems like a good secondary card where I can maximise my rewards on spends on weekends on certain merchants where they are giving higher value back. Given that its lifetime free, doesn't hurt.