Magnus vs SBI Cashback

[makman]

If my spends are predominantly online but not likely to hit 1L monthly milestone any month, then SBI Cashback returns are better at 5% compared to what Magnus's best redemption via miles at 4.8%, right? Or am I missing anything here? (Provided usage via grabdeals/gyftr/travel edge portals is not considered and utility payments are covered at 5% by Ace)

 

[Wealth is my birth right!]

If my spends are predominantly online but not likely to hit 1L monthly milestone any month, then SBI Cashback returns are better at 5% compared to what Magnus's best redemption via miles at 4.8%, right? Or am I missing anything here? (Provided usage via grabdeals/gyftr/travel edge portals is not considered and utility payments are covered at 5% by Ace)

Yes cb won for less than 1l spend and ur condition mentioned in bracket
Maths here:
10k online sbi u get 500/-
Same in magnus without X multiples it will be 600 ERs for 5:4 redemption in ITC 480/-
Magnus preferred if our lifestyle includes ITC stay and dining whereas sbi simply statement credit on auto basis

 

[vaibhavpp0707]

Yes cb won for less than 1l spend and ur condition mentioned in bracket
Maths here:
10k online sbi u get 500/-
Same in magnus without X multiples it will be 600 ERs for 5:4 redemption in ITC 480/-
Magnus preferred if our lifestyle includes ITC stay and dining whereas sbi simply statement credit on auto basis

@wealth is my birth right
I am holding Axis Ace with 2 lacs limit
axis Flipkart LTF with 80k limit
axis MyZone LTF with 3 lacs limit
my wife holds Axis Airtel
my MyZone card is eligible to upgrade for axis magnus
my spends are not much and I will not be able to hit 1 lacs milestone and annual fee waiver spends.
is it worth for me taking magnus?
I already have SBI cashback, amex mrcc, axis Airtel for recharges and utility bills

 

[Slayer]

@wealth is my birth right
I am holding Axis Ace with 2 lacs limit
axis Flipkart LTF with 80k limit
axis MyZone LTF with 3 lacs limit
my wife holds Axis Airtel
my MyZone card is eligible to upgrade for axis magnus
my spends are not much and I will not be able to hit 1 lacs milestone and annual fee waiver spends.
is it worth for me taking magnus?
I already have SBI cashback, amex mrcc, axis Airtel for recharges and utility bills

Holding
Cashback
Infinite
Magnus
Eterna

Only spending on Magnus and if monthly milestone of Magnus is completed
Then i use Cashback for online and Infinite for offline

And also use cashback and Eterna to rotate money and earn cashback on wallet load

 

[Wealth is my birth right!]

@wealth is my birth right
I am holding Axis Ace with 2 lacs limit
axis Flipkart LTF with 80k limit
axis MyZone LTF with 3 lacs limit
my wife holds Axis Airtel
my MyZone card is eligible to upgrade for axis magnus
my spends are not much and I will not be able to hit 1 lacs milestone and annual fee waiver spends.
is it worth for me taking magnus?
I already have SBI cashback, amex mrcc, axis Airtel for recharges and utility bills

Since it’s high fee card I suggest you can reap more benefits if atleast twice in an year u spend 1lac each month else its not recommended

 

[vaibhavpp0707]

ok thanks both of u @Slayer @Wealth is my birth right!

 

[knight]

@wealth is my birth right
I am holding Axis Ace with 2 lacs limit
axis Flipkart LTF with 80k limit
axis MyZone LTF with 3 lacs limit
my wife holds Axis Airtel
my MyZone card is eligible to upgrade for axis magnus
my spends are not much and I will not be able to hit 1 lacs milestone and annual fee waiver spends.
is it worth for me taking magnus?
I already have SBI cashback, amex mrcc, axis Airtel for recharges and utility bills

Hey, how do we get Flipkart axis LTF.
I can see the notification in my flipkart account, but it shows 500 annual fees.

 

[vaibhavpp0707]

Hey, how do we get Flipkart axis LTF.
I can see the notification in my flipkart account, but it shows 500 annual fees.

last to last year they had run limited period campaign for Life time free Flipkart axis credit card. I had applied during that campaign.

 

[Wealth is my birth right!]

Hey, how do we get Flipkart axis LTF.
I can see the notification in my flipkart account, but it shows 500 annual fees.

It’s limited time ltf
Dont apply from app call tomo cc and say that u have offer for ltf they apply with some code in backend if u r lucky

 

[kochiro]

It’s limited time ltf
Dont apply from app call tomo cc and say that u have offer for ltf they apply with some code in backend if u r lucky

Wait this can work now too? Also sbi cashback gives 5% on neu?

 

[Wealth is my birth right!]

Wait this can work now too? Also sbi cashback gives 5% on neu?

No atleast for billl pay
May be it will give for big basket purchase

 

[Dragon_slayer]

Does Magnus give 4.8% for online spending or both online/ offline?

 

[makman]

Both offline/online but remember 4.8% is only via miles / points transfer which is the best redemption method unlike flat 5% for sbi cb. Other methods can go as low as 1.2%

 

[U_Utkrsh]

Wait this can work now too? Also sbi cashback gives 5% on neu?

Yes it does.