Questions regarding MAGNUS credit card

[Dr-green69]

Hi everyone

So finally i received my magnus credit card yesterday which i applied via c2c and got the limit of 420k now i do have other bank credit cards and j follow a rule to never go beyond 10% utilisation but with magnus if i use 100k every month that will be 23.8% of my limit and ill break my rule of never go beyond 10% so now i have few questions im writing below.

1- will going beyond 10% effect my cibil in any way??

2- when can i expect an credit limit enhancement offer on my magnus??

3- who can use airport lounge? Can i give my card to brother or friends to use airport lounge or do i have to be there to use airport lounge?

4- can i offer my meet and greet service to my brother when he arrives from abroad??

 

[Rex]

1. No, it doesn't affect your CIBIL at all as long as you pay on time
2. After 6 months
3. In ideal world the card should be on your name, but usually in India, often they don't care card is on whose name but they have a right to stop if other person is swiping the card
4. No , you need to be one of the passenger to use meet & greet AFAIK

 

[Venky]

Hi everyone

So finally i received my magnus credit card yesterday which i applied via c2c and got the limit of 420k now i do have other bank credit cards and j follow a rule to never go beyond 10% utilisation but with magnus if i use 100k every month that will be 23.8% of my limit and ill break my rule of never go beyond 10% so now i have few questions im writing below.

1- will going beyond 10% effect my cibil in any way??

2- when can i expect an credit limit enhancement offer on my magnus??

3- who can use airport lounge? Can i give my card to brother or friends to use airport lounge or do i have to be there to use airport lounge?

4- can i offer my meet and greet service to my brother when he arrives from abroad??

Hey, welcome to the Magnus club!!

1) I have read in various posts where they say that the 10% utilisation if for your whole credit limit across various cards, but I can be wrong too. Anyway if you’re not spending more than 30% it should be fine even if we consider just one card. A few months back I had my utilisation upto 20-25% and still my CIBIL hovered around 780-790. So I say you’ll be fine.

2) You can ask for manual credit limit enhancements after 3 months at least by contacting the grievance customer care ->PNO with your salary slips and request for an increment.

3) In real life anyone can use your card who knows the PIN for lounge access. Rarely do the receptionist raise an issue if the name on the card is diff than the boarding pass but in 99% of the time they do allow and just need a card to swipe for entry. Though officially only you can use it.

4) Unsure about this. I think afaik the card holder should be present for availing this service and if you’re accompanied by other people, that many times the services is considered to be used. (Like 3 guests total mean 3/8 times you have used the M&G service)

 

[Tay]

Hi everyone

So finally i received my magnus credit card yesterday which i applied via c2c and got the limit of 420k now i do have other bank credit cards and j follow a rule to never go beyond 10% utilisation but with magnus if i use 100k every month that will be 23.8% of my limit and ill break my rule of never go beyond 10% so now i have few questions im writing below.

1- will going beyond 10% effect my cibil in any way??

2- when can i expect an credit limit enhancement offer on my magnus??

3- who can use airport lounge? Can i give my card to brother or friends to use airport lounge or do i have to be there to use airport lounge?

4- can i offer my meet and greet service to my brother when he arrives from abroad??

With respect to Point 1, you can try to pay off the CC outstanding amount (or till you reach 10% of limit) before 30th of every month wherein you have utilised more than 10% of the limit. The reason being that CC companies submit the details of the limit usage at the end of every month. So if you clear your outstanding before the month end you should be safer incase you are particular of not crossing the 10% limit

The only issue here could be if your CC cycle starts in the middle of the month coz then you would have to clear your outstanding rather quickly

 

[anirban.choudhuryanirban.choudhury is verified member.]

Hi everyone

So finally i received my magnus credit card yesterday which i applied via c2c and got the limit of 420k now i do have other bank credit cards and j follow a rule to never go beyond 10% utilisation but with magnus if i use 100k every month that will be 23.8% of my limit and ill break my rule of never go beyond 10% so now i have few questions im writing below.

1- will going beyond 10% effect my cibil in any way??

2- when can i expect an credit limit enhancement offer on my magnus??

3- who can use airport lounge? Can i give my card to brother or friends to use airport lounge or do i have to be there to use airport lounge?

4- can i offer my meet and greet service to my brother when he arrives from abroad??

Basically ideal is less than 30% utilisation of your entire credit limit . Per card doesn’t matter much.

Axis is not that great with LE. Still you can expect once a year

Ideally only you and your add-on card should only be using lounge access in domestic and in international you with 8 guest can use. In India though you can try giving out your card to relatives for domestic lounge access and there should not be any issue with that as they hardly match names .

Meet and greet as per policy is only applicable when primary card holder is travelling, but many have managed that too for someone else. So can’t really comment on that

 

[Sandy213]

Hi everyone

So finally i received my magnus credit card yesterday which i applied via c2c and got the limit of 420k now i do have other bank credit cards and j follow a rule to never go beyond 10% utilisation but with magnus if i use 100k every month that will be 23.8% of my limit and ill break my rule of never go beyond 10% so now i have few questions im writing below.

1- will going beyond 10% effect my cibil in any way??

2- when can i expect an credit limit enhancement offer on my magnus??

3- who can use airport lounge? Can i give my card to brother or friends to use airport lounge or do i have to be there to use airport lounge?

4- can i offer my meet and greet service to my brother when he arrives from abroad??

1. Keep your credit utilisation ratio to 30% or lesser.
3. The card owner has to be available and the other person who has to access the lounge must have a boarding pass. This happens when you have multiple cards with lounge access facilities.