Review Credit Cards After Magnus Deval

[theboogeyman]

My plan
1. Amex Plat travel for 4L
2. After that Atlas
3. Backup of yes first exclusive and all for intl lounge


Current cards
1. Magnus(Closing on Nov before renew)
2. Tata neu Infinity(LTF) (Mainly for groceries and all)
3. Axis Ace(Upgrade to Atlas)
4. RBL World Safari(For Forex) (Closing after few months before renewal)

New Cards (Approved)
1. Axis Atlas(Upgrade from Ace)
2. Amex Plat Travel(Cond Approved)
3. Yes First Exclusive(For Intl Lounge)(FYF after 40K spend)

Other LTF Cards
1. IDFC Select
2. Onecard
3. PNB Select (Will close)(took for free stuff and backup for upi )(ltf)
4. Amazon Pay

Yearly Spend:10-14L

Any changes or suggestion?

 

[BVCBVC is verified member.]

Replacing Magnus rewards rate is very tough. But you are not looking at the immediate alternate which is HDFC Infinia. If you are eligible for Infinia go for it, else your replacement seems good.

1. Amex Platinum, Atlas are good for travel returns. (good choice)
2. If you've Vistara connectivity try to maintain Axis Vistara cards, they have good return value too(consider vistara merging to AI also).
3. If you are removing Magnus you don't have any card that compensate BOGO offer, if you use it well try to have some ICICI card that offers BOGO.

 

[theboogeyman]

Hi, I dont have a existing relation to HDFC, I am talking to HDFC to shift it , but will take time for infinia thus this is the plan till then

 

[theboogeyman]

I dont watch movies that much thus dont need the BOGO offer, but good pick, might weight the pro and cons and see

 

[bonheur]

I've been getting Ace invite since forever (with 500 cashback, effectively making it FYF) but never opted for it as I already have Infinia and Magnus. But now with Magnus deval, do you think it makes sense to get the Ace as a backup Axis card, in case I decide to close the Magnus early next year?

 

[Akash777]

I've been getting Ace invite since forever (with 500 cashback, effectively making it FYF) but never opted for it as I already have Infinia and Magnus. But now with Magnus deval, do you think it makes sense to get the Ace as a backup Axis card, in case I decide to close the Magnus early next year?

Axis ACE is a really good backup card.

 

[wiizzard]

What's the point of Ace? You already have Infinia ( 3.3% vs 2% )
Get Axis Airtel for utility, atleast 10% cashback on utility bills. Ace 5% is capped at Rs500/month. So, on a bill of Rs10,000 you get 330 rp with Infinia vs 500 with Ace , i.e. Rs170 incremental. If you do it through the whole year, then Rs2000 incremental vs Rs 580 fee .
So lower that Rs500 gain on a best case.
The cashback capping has killed this card for me.

 

[sankar7000]

If you have a single month spend of 3.5 lacs, is Magnus better or infinia?