After the recent massive Magnus devaluation, what can be good ways to get value from Magnus after Sept 23 for members spending 12-15lkh on Magnus?
HDFC infinia has shallow reward earning caps in a single transaction and per month. Thus high-value concentrated transactions can be USP for Magnus
Will the below strategy help?
1) Make sure to have a burgundy account ( else the transfer ratio will be pathetic)
(Update) 30lkh in savings or 10 lkh in saving account is the burgundy criteria
2) Club multi-month transactions in a single month (say 3-4 lakh).
3) Repeat the above step 3-4 times a year, depending on yearly spending; it can give you better value compared to the fees that you pay for Magnus
4)Try using travel edge, Gyftr to max level.->(Update) The accelerated reward calculations exclude travel edge and Gyftr. Thus use other sources such as intermiles, default Gyftr etc to stackup vouchers in the month when you are doing 3+ lkh transacations. The reward rate will be 3X rather than 2X in case of amazon and similar vouchers.
5) (Update) Include rental payment till 50k ( can use Cred or similar) in that month
(Update)Got confirmation that Meet and greet service is still present which is a good thing.
HDFC infinia has shallow reward earning caps in a single transaction and per month. Thus high-value concentrated transactions can be USP for Magnus
Will the below strategy help?
1) Make sure to have a burgundy account ( else the transfer ratio will be pathetic)
(Update) 30lkh in savings or 10 lkh in saving account is the burgundy criteria
2) Club multi-month transactions in a single month (say 3-4 lakh).
3) Repeat the above step 3-4 times a year, depending on yearly spending; it can give you better value compared to the fees that you pay for Magnus
4)
5) (Update) Include rental payment till 50k ( can use Cred or similar) in that month
(Update)Got confirmation that Meet and greet service is still present which is a good thing.
Last edited:
