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Magnus card: Does it make sense to to spend more than 15 lakh/year on this card?

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atulsingh

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Hello everyone,
I have average monthly expenditures of around 3 lakh/month
1- Does it make send to spend more than 1.25 lakh/month on Magnus? (15 lakh/year for fee waiver)
2- does it make more sense to shift all expenses beyond 1.25 lakh to Axis ace, Icici Amazon cards for better returns? (1.2% vs 2%,5%)

My purpose is to collect miles for air travel and hotel deals.
Thanks
 
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Subhankar
atulsingh said:
Hello everyone,
I have average monthly expenditures of around 3 lakh/month
1- Does it make send to spend more than 1.25 lakh/month on Magnus? (15 lakh/year for fee waiver)
2- does it make more sense to shift all expenses beyond 1.25 lakh to Axis ace, Icici Amazon cards for better returns? (1.2% vs 2%,5%)

My purpose is to collect miles for air travel and hotel deals.
Thanks
Click to expand...
It'd totally depend on how much you usually spend above 1L. If it's additional 1 more lakh or so, you need to get Axis Reserve. Post 1L you get the base 4.8% RP value but on Reserve it'd be 6% value. The card you mentioned and the need you mentioning will not be much helpful. 3L will be giving you waive off, it's good to go, if the spend above 1L is not too...
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1- magnus for 1L spends /month is ideal, spending 25k extra for fee waiver is not a good option, you are however getting the value back as tatacliq voucher. (only gst part lost)

2. axis vistara infinite for spends above 1L (cap 7.5L/12L as per your choice)

+

3. SCB ultimate (for spends where 5% from ace/amazon icici /sbi cashback not applicable)
 
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atulsingh said:
Hello everyone,
I have average monthly expenditures of around 3 lakh/month
1- Does it make send to spend more than 1.25 lakh/month on Magnus? (15 lakh/year for fee waiver)
2- does it make more sense to shift all expenses beyond 1.25 lakh to Axis ace, Icici Amazon cards for better returns? (1.2% vs 2%,5%)

My purpose is to collect miles for air travel and hotel deals.
Thanks
Click to expand...
Yeah spending 1.25L for spend waiver makes sense!
You save 11800, cash is worth more value that what TQ can give + 14,400 worth miles. Easily 8.5% save.
Axis Vistara +1
Get Amex Plat Travel card (they are running a referral offer)
Get Infinia if you're eligible
Ultimate is not good for miles or hotel.
 
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atulsingh said:
Hello everyone,
I have average monthly expenditures of around 3 lakh/month
1- Does it make send to spend more than 1.25 lakh/month on Magnus? (15 lakh/year for fee waiver)
2- does it make more sense to shift all expenses beyond 1.25 lakh to Axis ace, Icici Amazon cards for better returns? (1.2% vs 2%,5%)

My purpose is to collect miles for air travel and hotel deals.
Thanks
Click to expand...
For more than 1 lakh, the better return would be on Axis Reserve. You can check the tweet by @Tejas for more info
 
Last edited:
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atulsingh said:
Hello everyone,
I have average monthly expenditures of around 3 lakh/month
1- Does it make send to spend more than 1.25 lakh/month on Magnus? (15 lakh/year for fee waiver)
2- does it make more sense to shift all expenses beyond 1.25 lakh to Axis ace, Icici Amazon cards for better returns? (1.2% vs 2%,5%)

My purpose is to collect miles for air travel and hotel deals.
Thanks
Click to expand...
1lakhs spend doesn't make sense . for air miles you can consider Axis Atlas
 
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atulsingh said:
Hello everyone,
I have average monthly expenditures of around 3 lakh/month
1- Does it make send to spend more than 1.25 lakh/month on Magnus? (15 lakh/year for fee waiver)
2- does it make more sense to shift all expenses beyond 1.25 lakh to Axis ace, Icici Amazon cards for better returns? (1.2% vs 2%,5%)

My purpose is to collect miles for air travel and hotel deals.
Thanks
Click to expand...

Well my spending pattern is in a similar line.

So have gone for 2 Magnus .... (Me & My Wife)
will stop using once 1L+ is achieved ....

so beyond 2L ... I have others cards ...

Further, RESERVE is on my wishlist ... and INFINIA upgrade has been confirmed ...
 
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Avijeet said:
Well my spending pattern is in a similar line.

So have gone for 2 Magnus .... (Me & My Wife)
will stop using once 1L+ is achieved ....

so beyond 2L ... I have others cards ...

Further, RESERVE is on my wishlist ... and INFINIA upgrade has been confirmed ...
Click to expand...
how did you get Infinia upgrade?
 
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Avijeet said:
Stuck with REGALIA .. 10.7L for 9 years ... HDFC has never been kind with me to offer me an INFINIA Upgrade....

This time I requested my RM to do it ....
Click to expand...
I am also stuck with Regalia. Asked my RM for Infinia . That got rejected too. Currently have option for DCB but no LTF or FYF. So, not interested in the upgrade. Had 8L limit and was using from 4 years
 
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