Axis Magnus One time purchase of Rs. 962,000

[NewbiePointHacker]

I'm looking at purchasing a car and will pay Rs. 962,000 by CC. Shall I use Magnus w/o burgundy or Atlas?
Please confirm whether my below calculation is right or wrong:

Magnus : 150,000/200×12 = 9,000
812,000/200×35 = 142,100
Total Points: 151,100×2/5 = 60,440

Atlas (Already crossed 5L+ Milestone):
962,000/100×2 = 19240 + 5000 Milestone Benefit = 48,480

Magnus will be better in case incremental points receipt is not capped.

 

[787]

Which MCCs are excluded for Magnus Burgundy, and which MCC can a car dealer possible have incorrectly?

Thanks!

 

[saketreddy]

Which MCCs are excluded for Magnus Burgundy, and which MCC can a car dealer possible have incorrectly?

Thanks!

Swipe 100 rupees at car dealer and call axis to know MCC and category.

Or swipe 200 and wait for a week to see if points are accruing.

 

[787]

Swipe 100 rupees at car dealer and call axis to know MCC and category.

Or swipe 200 and wait for a week to see if points are accruing.

Okay as axis takes too long to credit the points at times, want to know which MCCs to look out for that are excluded. And which MCCs does a car dealer usually get wrong.

Like a hotel may have a restaurant MCC in in it’s restaurant.

Thanks!

 

[sourpai]

Yes... please check MCC before doing any major swipe. Many car dealerships are registered with insurance MCC on which MB will not give any points for swipe greater than 1L. For example, I did car servicing payment recently via an online link with SBI cashback and it turned out to be insurance MCC

 

[787]

Yes... please check MCC before doing any major swipe. Many car dealerships are registered with insurance MCC on which MB will not give any points for swipe greater than 1L. For example, I did car servicing payment recently via an online link with SBI cashback and it turned out to be insurance MCC

Thank you for answering my question, it is what exactly I was looking for! Yes will look out for this, do a test transaction and then charge the full amount. Thank you!!

 

[sriniak1303]

I have the same purchase coming up. I don't have an ordinary Magnus, I have an atlas. is it wise to get M4B? I have close to a 2.8L per month salary but the axis is denying to give M4B. Any RM who can work out this? please share details of RM if any

 

[saketreddy]

I have the same purchase coming up. I don't have an ordinary Magnus, I have an atlas. is it wise to get M4B? I have close to a 2.8L per month salary but the axis is denying to give M4B. Any RM who can work out this? please share details of RM if any

Need to open burgundy account with 10L AQB or 30L TRV if u want M4B for 30k fees.

Purely from reward rate, M4B makes sense.

 

[anirban.choudhuryanirban.choudhury is verified member.]

I'm looking at purchasing a car and will pay Rs. 962,000 by CC. Shall I use Magnus w/o burgundy or Atlas?
Please confirm whether my below calculation is right or wrong:

Magnus : 150,000/200×12 = 9,000
812,000/200×35 = 142,100
Total Points: 151,100×2/5 = 60,440

Atlas (Already crossed 5L+ Milestone):
962,000/100×2 = 19240 + 5000 Milestone Benefit = 48,480

Magnus will be better in case incremental points receipt is not capped.

For such high one time spend get a burgundy magnus
Even normal Magnus is better than any other card.

 

[NewbiePointHacker]

Need to open burgundy account with 10L AQB or 30L TRV if u want M4B for 30k fees.

Purely from reward rate, M4B makes sense.

M4B @30K is w/o TRV imo, while I was confirming MCC with the customer care they offered to upgrade my Magnus to M4B at 30K.

 

[NewbiePointHacker]

For such high one time spend get a burgundy magnus
Even normal Magnus is better than any other card.

Yeah, I was thinking of closing Magnus but now I'll be keeping it for these few big purchases, will upgrade to M4B when renewal is due.

 

[ankurarora898]

I swiped 4L today at a car dealer have m4b, now just read they can have an insurance mcc.Still have to pay another 4.4 lakhs now will call and check the mcc

Yes... please check MCC before doing any major swipe. Many car dealerships are registered with insurance MCC on which MB will not give any points for swipe greater than 1L. For example, I did car servicing payment recently via an online link with SBI cashback and it turned out to be insurance MCC

 

[saketreddy]

I swiped 4L today at a car dealer have m4b, now just read they can have an insurance mcc.Still have to pay another 4.4 lakhs now will call and check the mcc

Should've done a test transaction of 100rs at dealer and called axis for MCC, then gone ahead with actual larger amount.

 

[ankurarora898]

Should've done a test transaction of 100rs at dealer and called axis for MCC, then gone ahead with actual larger amount.

called and customer care executive confirmed the mcc is eligible. Relieved!

 

[golu]

Use optimisation approach.
I will suggest you should split your spend into two part.
Make some part of the spends using atlas card.
And rest of the spends using magnus card.
Calculate the best reward value you are getting on the amount you spent for both cards.
If you use both cards, you will also get milestone benefits, miles and egde reward points with AEP.