Magnus gets a news item in Mint

[SUCHI51]

The Mint newspaper today has an article dedicated to Axis Magnus. This is quite unheard of - cause usually these articles are more generic about how to use cards or how points work.

Why credit card users want to grab hold of Axis Magnus

The Axis Magnus credit card from Axis Bank boasts of a high earning as well as redemption rate. It offers 12 EDGE Rewards (ER) on every ₹200 spent.

www.livemint.com

I could see a lot more interest in Magnus - and thus many more issuance - and finally a much faster devaluation soon.

 

[gurubhai]

No they don't. (From what I read)

So these articles states some false info as well. It is written in the article that RPs are provided for Rent :|
Premium article xD

 

[Reward Hunter]

More folks are aware of benefits of farming points and using them to buy tickets for international flights. People with time at hand (like me) will research more and use it more for sweet spots thus making it expensive for axis those specific associations - like accor etc.
Devaluation - either in miles transfer or in awarding bonus edge points the only logical course of action .

I don't think it will mater as most information is available on the internet on Magnus and it's no secret.
Also I wonder what percentage of people will hit the milestones every month.
Do you have magnus? Wondering how much time do you have in hand!

 

[rohitb]

I don't think it will mater as most information is available on the internet on Magnus and it's no secret.
Also I wonder what percentage of people will hit the milestones every month.
Do you have magnus? Wondering how much time do you have in hand!

Yes I have magnus. And I have lots of time at hand for research if I am able to justify return on time invested, or if I like that activity 😉

 

[rohitb]

So these articles states some false info as well. It is written in the article that RPs are provided for Rent :|
Premium article xD

Did some quick search and read. It is kind of confusing/unclear unless someone with 1st hand recent experience comes fwd.
Some say Rent won't give RP, some say it will till 50k rent.
Axis website says that rent will attarct 1% surcharge capped at 1.5k and it will not be considered for milestone.

 

[TheMentalist]

So these articles states some false info as well. It is written in the article that RPs are provided for Rent :|
Premium article xD

Did some quick search and read. It is kind of confusing/unclear unless someone with 1st hand recent experience comes fwd.
Some say Rent won't give RP, some say it will till 50k rent.
Axis website says that rent will attarct 1% surcharge capped at 1.5k and it will not be considered for milestone.

Check here : https://www.technofino.in/community...e-update-date-9th-june-2023-5-30-am-ist.9863/

 

[rohitb]

Check here : https://www.technofino.in/community...e-update-date-9th-june-2023-5-30-am-ist.9863/

You are a life saver . That's as neat as it can get.

 

[mojo_jojo123]

pakka now Huge devaluation on the way.

 

[bonheur]

The plastic being referred to is Axis Magnus

Will someone please tell this journo?

 

[rohitb]

Will someone please tell this journo?

Ha ha ha. Exactly my thoughts when I read that.

 

[jack333]

Mint wale aaj kal masaledar news de rahe hain.
Have a look at this 🤣

Who is Bharat Jain, the world's richest beggar with a net worth of ₹7.5 crore?

Bharat Jain, recognized as the wealthiest beggar globally, continues to engage in begging despite accumulating a net worth of ₹7.5 crores ($1 million). His monthly earnings range between ₹60,000 and 75,000, and he owns valuable property in Mumbai.

www.livemint.com

 

[Deleted member 9785]

'The rewards were far from realistic,' say netizens amid buzz of devaluation of Axis Magnus credit card

'If Axis Magnus devaluation from 5:4 to 5:1 is true, then it is one of the biggest devaluations in the history of credit cards,' say netizens

www.businesstoday.in