Axis Magnus Achieving milestone with investment?

[VGisHere]

As we know, this would likely be the last week of Magnus spends.

So, I thought why not milk it for one last time!
I have done no transactions since the rumours first floated. Now, given that Axis has mentioned that they would give Milestone benefits for spends in month of July by 10th August.

So why not go ahead and achieve the same.

I don’t want to create any artificial spends, so thought it would be better to invest than spend!

So what are the best options to invest 1L using Magnus CC which would help hit monthly milestone benefit for month of July!

One could buy 20k of amazon pay voucher, but that still leaves 80k to invest!

 

[ismail]

u can consider investing in nps if subscribed

 

[VGisHere]

Let's say

20k APV
10k ASV
50k NPS (don't see point going all in for NPS)

20k where?

 

[PiperatGatesofDawn]

20k where?

Sending you my bank account details.

 

[saurabhduasd]

Let's say

20k APV
10k ASV
50k NPS (don't see point going all in for NPS)

20k where?

What's APV and ASV please? Do they accept credit card?

 

[VGisHere]

What's APV and ASV please? Do they accept credit card?

Amazon Pay Voucher
Amazon Shopping Voucher

on axis gyftr

 

[VGisHere]

last time I paid tax using Magnus, the transaction was labelled, E-Portal Income Tax....
I received reward points for the same and possibly it was counted towards milestone achievement

Today, when I paid advance tax, the transaction is labelled as CBDT
Now, I ain't sure whether I would get reward points OR would it be counted towards milestone achievement!

Any ideas on the same?

 

[Hisoka]

As we know, this would likely be the last week of Magnus spends.

So, I thought why not milk it for one last time!
I have done no transactions since the rumours first floated. Now, given that Axis has mentioned that they would give Milestone benefits for spends in month of July by 10th August.

So why not go ahead and achieve the same.

I don’t want to create any artificial spends, so thought it would be better to invest than spend!

So what are the best options to invest 1L using Magnus CC which would help hit monthly milestone benefit for month of July!

One could buy 20k of amazon pay voucher, but that still leaves 80k to invest!

Gold purchase kar lo

 

[VGisHere]

Gold purchase kar lo

Digital Gold, u have to pay 3.54% extra for nothing!
And sell price is usually 1-2% lower!

 

[TheGambler]

Swipe kr lo local jewellery shop se gold coin-bar leke. They'll charge 1.5-2.5% extra. Still cheaper than digital gold or online purchase from amazon-flipkart.

 

[VGisHere]

Meanwhile, any thoughts on below?

last time I paid tax using Magnus, the transaction was labelled, E-Portal Income Tax....
I received reward points for the same and possibly it was counted towards milestone achievement

Today, when I paid advance tax, the transaction is labelled as CBDT
Now, I ain't sure whether I would get reward points OR would it be counted towards milestone achievement!

Any ideas on the same?

 

[TheGambler]

Meanwhile, any thoughts on below?

It's central board of direct taxes. Govt spend category.
Not to worry, it'll count in milestone and 1x rewards until 30th August.

 

[sxchzy]

let

Meanwhile, any thoughts on below?

the transaction get settled nad then check
as of now govt spernds are being considered for base rewards and milestones

 

[PiperatGatesofDawn]

last time I paid tax using Magnus, the transaction was labelled, E-Portal Income Tax....
I received reward points for the same and possibly it was counted towards milestone achievement

Today, when I paid advance tax, the transaction is labelled as CBDT
Now, I ain't sure whether I would get reward points OR would it be counted towards milestone achievement!

Any ideas on the same?

Nothing. Absolutely nothing has changed yet. You will get your points and milestone benefits from Axis and a kiss on the cheeks (or lips you can choose) from the IT Dept.

 

[xbbjdmg]

need some clarity on rewards for spend of July will be credited by Aug 10th. My monthly billing cycle ends on 18th of every month so next bill cycle will be Aug 18 and if I spend for this cycle, my reward points will only get generated after 18th (post devaluation) am I right?

 

[TheGambler]

need some clarity on rewards for spend of July will be credited by Aug 10th. My monthly billing cycle ends on 18th of every month so next bill cycle will be Aug 18 and if I spend for this cycle, my reward points will only get generated after 18th (post devaluation) am I right?

No, reward points are credited regardless of billing cycle date.
Your July calander month milestone RPs will be credited before Aug 10, regardless of 18th bill generation.

 

[xbbjdmg]

No, reward points are credited regardless of billing cycle date.
Your July calander month milestone RPs will be credited before Aug 10, regardless of 18th bill generation.

Thanks but my question was more on the 5x and 25k milestone points against 1L spend. Will that also come before 10th if I spend now?

 

[TheGambler]

5x, no, that'll be normal 90-120 days.
25k for July will be credited before 10 Aug.

 

[xbbjdmg]

5x, no, that'll be normal 90-120 days.
25k for July will be credited before 10 Aug.

oh ok thanks, This is really helpful info..I thought its all gone but it seems there is one last chance left to Milk Ax-is

 

[VGisHere]

oh ok thanks, This is really helpful info..I thought its all gone but it seems there is one last chance left to Milk Ax-is

probably you only have 3 days left as if the transaction settles in August, it would be good for nothing!
(Considering max time for transaction settlement is 4 business days)