Axis Magnus Are you going for Magnus Milestone in Aug 2023? (Non Burgundy)

[harshunlimited]

So what's the verdict here regarding going for 1L in Aug 2023?
We'll get 6000 points in Aug at 5:4 & 25000 points in Nov 2023 at 5:2, that's still 14,800 miles, which I feel is still not bad, unless Axis brings another devaluation before Nov 2023 as it just takes 30 days notice.
These points is assuming no spends on Gyftr 2x, 3x merchants or Traveledge, in which case the points earned will obviously be more.

P.S. Thanks to @Kem_cho for pointing out the calculation mistake.

 

[Googix]

HAve 70k NPS payment to make. Other than that still contemplating whether to buy 20k apay vouchers. the other card i have is DCB which charges 3.5% fo buying APay vouchers.

 

[WhoU]

Wrong calculation.

6k points you will get this month, depending on when you spend. You can transfer it in ratio of 5:4.

Remaining 25k you will get in November with 5:2 conversion.

 

[harshunlimited]

Wrong calculation.

6k points you will get this month, depending on when you spend. You can transfer it in ratio of 5:4.

Remaining 25k you will get in November with 5:2 conversion.

Thanks, corrected the post.

 

[creditcardkakida]

Don't forget the annual fee renewal date.. if it fall in between u will be charged 12500+gst total 14750 ... 12400 cv points ke chakkar me 14750 lag jayega 😁😁

 

[aloha12d]

What other ways are you guys thinking to achieve the monthly milestone now?
Amazon Voucher: 20k (Are there any other alternatives or options like wallet loads which will be counted towards milestone?)
Rest 80K: Just confused, reaching out to friends

 

[neogen]

I would give a pause to Magnus this month.

Will use Atlas and Infinia this month.

 

[PiperatGatesofDawn]

I would give a pause to Magnus this month.

Will use Atlas and Infinia this month.

Why? Even at 5:2 if you hit your 1L target you'll do better than Atlas and Infinia.

 

[Akash074]

I have 93k insurance payment so I will hit the milestone this month.

 

[phagocyte536]

No. Infinia is better. No compulsion to reach 1L and don't really have as much spends this month.

 

[SSSandy]

Infinia is better.

This is specifically a thread about reaching 1L milestone lol. For that scenario this reasoning fails

 

[avinash2711]

HAve 70k NPS payment to make. Other than that still contemplating whether to buy 20k apay vouchers. the other card i have is DCB which charges 3.5% fo buying APay vouchers.

Same situation with my DCB. I already spent 70k this month on DCB. Thinking if Apay and ASV are still worth in Magnus than DCB this month

 

[anilkrsh]

Of course.... This is Last time...
I have faith that, once sufficient people cancel this card, they may improve the card rewards
Magnus was not a good card at launch

 

[SSV]

I would give a pause to Magnus this month.

Will use Atlas and Infinia this month.

A wiseman thinks before acts...

 

[typhoon]

I can buy all edge points.

 

[Googix]

Same situation with my DCB. I already spent 70k this month on DCB. Thinking if Apay and ASV are still worth in Magnus than DCB this month

i feel for this month in magnus if we are hitting milestone, then apay vouchers are worth it in magnus.

 

[sgoyal9]

Why not hit the milestone?
If you have over 1L spends per month, this card would have stayed a no brainer even without ANY transfer partners just if they had not removed the milestone.

With the milestone, even if you redeem all your edge points for shopping vouchers, you would have received a return of 6.2%. No other card comes close.

So, the same logic applies for the month of August. Even if they devaluation further before getting the points of August, its still a theoretical 6.2% return.

Only caveat I would add is if your renewal date is before November and you have to pay out of pocket for it.

 

[hotcoolhot]

What other ways are you guys thinking to achieve the monthly milestone now?
Amazon Voucher: 20k (Are there any other alternatives or options like wallet loads which will be counted towards milestone?)
Rest 80K: Just confused, reaching out to friends

20k amazon, 50k amazonn shopping, uber,swiggy,myntra,nykaa 5k types, sabko rakhi gift