Axis Magnus : Optimal Usage Guide and Valuation

Axis Magnus is undoubtedly the hot cake in the credit card community now. Everyone is jumping for it just because they just don't want to miss out. There are people who also are thinking if it's the right card for them or not as their spending is not at the higher end. This article is going to be useful for them as well as who're already holding this card but haven't made a proper spending calculations and value calculations.




First Let's talk about what are the features that make Magnus the best card out there in overall manner.

Sweet Spots:

1. Flat 4.8% reward rate
2. 25K bonus Edge RP on monthly ₹1L milestone, boost return to 24.8%
3. 5x RP on Travel Edge, Gift Edge with no cap on bonus RP
4. Markup is 2% + GST. Only useful if hitting ₹1L spending milestone in a calendar month.

Now the 3 Categories of People are:

1. Category 1: ₹12L to 15L of spending per annum

2. Category 2: ₹7L to ₹11L of spending per annum

3. Category 3: ₹4L to ₹6L of spending per annum

For all the 3 Categories you can identify yourself to which you do belong & thus you know where you do spend. Thus not going category wise spending.

Rather what I’m elaborating is where you can earn more and how much is the valueback even if you pay both the joining & annual fee


💸 Category 1:

With ₹12L-15L of spending you’re paying joining fee as well as annual fee unless you’re hitting ₹15L annual spends.

Assuming that you’re hitting 1L milestone for at least 10 months.

Total milestone RP: 25K * 10 = 2.5L RP

For 12L Spends: 6K * 12 = 72K RP

For ₹15L Spends: 6K * 15 = 90K RP

Total RP Gain:

For ₹15L = 2.5L + 90K = 3,60,000 Edge RP

For ₹12L = 2.5L + 72K = 3,22,000 Edge RP

Equivalent KF Miles:

For ₹15L = 2,88,000

For ₹12L = 2,57,600

That’s 2x BOM/DEL 🔁 SIN round trip in F class for you in both the cases

Fee Vs Value:

For 15L of annual spends you’re getting fee waiver. You’re paying only ₹11,800 as joining fee

For 12L of annual spends you’re paying both joining and annual fee. You’re paying ₹23,600

In both cases you’re getting ₹10K Tata Cliq voucher + ₹6L worth Flight Fare


💸 Category 2:

For ₹7L-₹11L of spending you’re paying both the joining and annual fee.

Assuming that you’re hitting ₹1L milestone at least for 5 months.

Total milestone RP: 25K * 5 = 1.25L RP

For ₹7L Spends: 6K * 7 = 42K RP

For ₹11L Spends: 6K * 11 = 66K RP

Total RP Gain:

For ₹11L = 1.25L + 66K = 1,91,000 Edge RP

For ₹7L = 1.25L + 42K = 1,67,000 Edge RP

Equivalent KF Miles:

For ₹11L = 1,52,800

For ₹7L = 1,33,600

That’s BOM/DEL 🔁 SIN roundtrip 1) 1x in Business Class & 1x in Economy Class
Or 2) 1x in F Class

Fee Vs Value:

For both cases you’re paying joining + annual fee, which is ₹23,600 in total.

You’re getting 10K Tata Cliq Vouchers in both cases of joining and renewal. ₹1.85L (Business + Economy) or ₹3L worth of Flight Ticket.


💸 Category 3:

For ₹4L-₹6L of spending you’re paying both the joining and annual fee.

Assuming that you’re hitting ₹1L milestone at least for 3 months.

Total milestone RP: 25K * 3 = 75K

For ₹4L Spends: 6K * 4 = 24K

For ₹6L Spends: 6K * 6 = 36K

Total RP Gain:

For ₹6L = 75K + 36K = 1,10,000 Edge RP

For ₹4L = 75K + 24K = 99,000 Edge RP

Equivalent KF Miles:

For ₹6L = 88,000

For ₹4L = 79,200

That’s BOM/DEL 🔁 SIN round trip 1) 1x in Business Class. 2) 2x in Economy Class

⚠️For ₹4L spends you’re short of 6K Miles

Fee Vs Value:

For both cases you’re paying joining + annual fee, which is ₹23,600 in total.

You’re getting 10K Tata Cliq Vouchers in both cases of joining and renewal. ₹1.2L (Business) or ₹1.3L (2x Economy) worth of Flight Ticket


Above all are the “Flat Value” calculations and ofcourse, real life usage will differ from one individual to another, but that’s what you get at those spending brackets.

That’s not the all, with Magnus you’ve access to quite a decent amount of accelerated RPs, monthly.


Accelerated RP Earning:

Gift Edge:

1. 3x RP on amazon voucher, with a monthly capping of ₹10K worth of vouchers
2. 5x RP on Croma, Tata Cliq, Flipkart, Kalyan Jewellery, PCJ, Reliance Digital, Blinkit etc
3. 10x RP on Myntra, Shopper’s Stop, Pantaloons, Yatra, MMT, KFC, Pizza Hut, Domino’s etc

Travel Edge:

You get 5x RP if you book flight and hotels via Travel Edge

Grab Deals:

Often you can see cashback or accelerated RP through it, but comes with capping

As you can see most of you basic needs will be covered with the vouchers

This is an overall usage guide, it’s not meant to be 100% suitable for an individual as everyone has different kind of spendings.

The best you can do is to firstly write down your spending categories, check if you can buy the GVs to spend in those then optimise it accordingly ✌🏻​

 

[Wealth is my birth right!]

Sir
kindly provide tips for limit increase in magnus please

Lol +1

 

[nm151]

Axis Magnus is undoubtedly the hot cake in the credit card community now. Everyone is jumping for it just because they just don't want to miss out. There are people who also are thinking if it's the right card for them or not as their spending is not at the higher end. This article is going to be useful for them as well as who're already holding this card but haven't made a proper spending calculations and value calculations.




First Let's talk about what are the features that make Magnus the best card out there in overall manner.

Sweet Spots:

1. Flat 4.8% reward rate
2. 25K bonus Edge RP on monthly ₹1L milestone, boost return to 24.8%
3. 5x RP on Travel Edge, Gift Edge with no cap on bonus RP
4. Markup is 2% + GST. Only useful if hitting ₹1L spending milestone in a calendar month.

Now the 3 Categories of People are:

1. Category 1: ₹12L to 15L of spending per annum

2. Category 2: ₹7L to ₹11L of spending per annum

3. Category 3: ₹4L to ₹6L of spending per annum

For all the 3 Categories you can identify yourself to which you do belong & thus you know where you do spend. Thus not going category wise spending.

Rather what I’m elaborating is where you can earn more and how much is the valueback even if you pay both the joining & annual fee


💸 Category 1:

With ₹12L-15L of spending you’re paying joining fee as well as annual fee unless you’re hitting ₹15L annual spends.

Assuming that you’re hitting 1L milestone for at least 10 months.

Total milestone RP: 25K * 10 = 2.5L RP

For 12L Spends: 6K * 12 = 72K RP

For ₹15L Spends: 6K * 15 = 90K RP

Total RP Gain:

For ₹15L = 2.5L + 90K = 3,60,000 Edge RP

For ₹12L = 2.5L + 72K = 3,22,000 Edge RP

Equivalent KF Miles:

For ₹15L = 2,88,000

For ₹12L = 2,57,600

That’s 2x BOM/DEL 🔁 SIN round trip in F class for you in both the cases

Fee Vs Value:

For 15L of annual spends you’re getting fee waiver. You’re paying only ₹11,800 as joining fee

For 12L of annual spends you’re paying both joining and annual fee. You’re paying ₹23,600

In both cases you’re getting ₹10K Tata Cliq voucher + ₹6L worth Flight Fare


💸 Category 2:

For ₹7L-₹11L of spending you’re paying both the joining and annual fee.

Assuming that you’re hitting ₹1L milestone at least for 5 months.

Total milestone RP: 25K * 5 = 1.25L RP

For ₹7L Spends: 6K * 7 = 42K RP

For ₹11L Spends: 6K * 11 = 66K RP

Total RP Gain:

For ₹11L = 1.25L + 66K = 1,91,000 Edge RP

For ₹7L = 1.25L + 42K = 1,67,000 Edge RP

Equivalent KF Miles:

For ₹11L = 1,52,800

For ₹7L = 1,33,600

That’s BOM/DEL 🔁 SIN roundtrip 1) 1x in Business Class & 1x in Economy Class
Or 2) 1x in F Class

Fee Vs Value:

For both cases you’re paying joining + annual fee, which is ₹23,600 in total.

You’re getting 10K Tata Cliq Vouchers in both cases of joining and renewal. ₹1.85L (Business + Economy) or ₹3L worth of Flight Ticket.


💸 Category 3:

For ₹4L-₹6L of spending you’re paying both the joining and annual fee.

Assuming that you’re hitting ₹1L milestone at least for 3 months.

Total milestone RP: 25K * 3 = 75K

For ₹4L Spends: 6K * 4 = 24K

For ₹6L Spends: 6K * 6 = 36K

Total RP Gain:

For ₹6L = 75K + 36K = 1,10,000 Edge RP

For ₹4L = 75K + 24K = 99,000 Edge RP

Equivalent KF Miles:

For ₹6L = 88,000

For ₹4L = 79,200

That’s BOM/DEL 🔁 SIN round trip 1) 1x in Business Class. 2) 2x in Economy Class

⚠️For ₹4L spends you’re short of 6K Miles

Fee Vs Value:

For both cases you’re paying joining + annual fee, which is ₹23,600 in total.

You’re getting 10K Tata Cliq Vouchers in both cases of joining and renewal. ₹1.2L (Business) or ₹1.3L (2x Economy) worth of Flight Ticket


Above all are the “Flat Value” calculations and ofcourse, real life usage will differ from one individual to another, but that’s what you get at those spending brackets.

That’s not the all, with Magnus you’ve access to quite a decent amount of accelerated RPs, monthly.


Accelerated RP Earning:

Gift Edge:

1. 3x RP on amazon voucher, with a monthly capping of ₹10K worth of vouchers
2. 5x RP on Croma, Tata Cliq, Flipkart, Kalyan Jewellery, PCJ, Reliance Digital, Blinkit etc
3. 10x RP on Myntra, Shopper’s Stop, Pantaloons, Yatra, MMT, KFC, Pizza Hut, Domino’s etc

Travel Edge:

You get 5x RP if you book flight and hotels via Travel Edge

Grab Deals:

Often you can see cashback or accelerated RP through it, but comes with capping

As you can see most of you basic needs will be covered with the vouchers

This is an overall usage guide, it’s not meant to be 100% suitable for an individual as everyone has different kind of spendings.

The best you can do is to firstly write down your spending categories, check if you can buy the GVs to spend in those then optimise it accordingly ✌🏻​

If u don't travel anywhere you can purchase 11 gm gold at Flipkart or Amazon(15L spending )

If u convert your point into cash you can choose a multi-brand voucher option in the voucher program. In that 12500 reward point, you will get a 5000/- voucher for your chosen brands. For example, 287500÷12500= 23×5000= 1,15,000/- these vouchers you can easily sell on zingoy, cansell, and earn approx 90k 🤩

 

[Copycat]

If u don't travel anywhere you can purchase 11 gm gold at Flipkart or Amazon(15L spending )

If u convert your point into cash you can choose a multi-brand voucher option in the voucher program. In that 12500 reward point, you will get a 5000/- voucher for your chosen brands. For example, 287500÷12500= 23×5000= 1,15,000/- these vouchers you can easily sell on zingoy, cansell, and earn approx 90k 🤩

Is the Privilege multi-brand loophole still open?

 

[nm151]

Is the Privilege multi-brand loophole still open?

See 👇

 

[Copycat]

See 👇

Thank you

 

[Salvator]

Hi I am new to Magnus.
I already have an Infinia and the accelerated reward point system is pretty straight forward and basic.

However I am very confused with that of Magnus.

Can you please tell me what is the equivalent of hdfc smartly for Magnus?

I see gift edge and grab deals? Are both the same ? Which is better?

Are there are limits on reward points earned? For example if I use the portal and spend 1 lakh and get accelerated reward points, will I also get the monthly milestone bonus?

Also smartbuy for example has a limit for amazon vouchers as 10,000 per month what are the limits here?

When are the points posted and what values do they have?

Please help here, this is very confusing

 

[CMG]

Hi I am new to Magnus.
I already have an Infinia and the accelerated reward point system is pretty straight forward and basic.

However I am very confused with that of Magnus.

Can you please tell me what is the equivalent of hdfc smartly for Magnus?

I see gift edge and grab deals? Are both the same ? Which is better?

Are there are limits on reward points earned? For example if I use the portal and spend 1 lakh and get accelerated reward points, will I also get the monthly milestone bonus?

Also smartbuy for example has a limit for amazon vouchers as 10,000 per month what are the limits here?

When are the points posted and what values do they have?

Please help here, this is very confusing

grabdeals - similar to smartbuy. Find the site, go to the site from there. Nothing should be there in the cart. Have a cap of 10k RPs per month
gift edge - to buy gift coupons with accelerated rewards. No rewards cap.
traveledge - 5x accelerated rewards for travel booking. Applicable only for magnus. No rewards cap.

if I use the portal and spend 1 lakh and get accelerated reward points, will I also get the monthly milestone bonus

Yes. If you spend IL via grabdeals, gift edge or traveledge, you will receive milestone benefit.

Also smartbuy for example has a limit for amazon vouchers as 10,000 per month what are the limits here?

Some has mentioned about the cap. I did buy 10k and another 5k vouchers recently and received points. Don't know about accelarated rewards as it takes 90 days to show up.

When are the points posted and what values do they have?

Normal rewards gets posted in 5 to 15 days. Accelerated and milestone takes 90 to 120 days. 1 RP = 20p. If you are looking into airmile, then 1RP = 0.8 airmile (5:4).

 

[WhoU]

See 👇

Do you hold privilege card?
Have you tried buying that voucher in last 2 weeks?

 

[Copycat]

Do you hold privilege card?
Have you tried buying that voucher in last 2 weeks?

No privilege card.
Opened Edge Rewards a short while ago, today, and tried with the 6250 multi-brand voucher. My points are slightly more than that. I added it to the cart and the system said I would have 100+ points left over. I didn't proceed further as I haven't decided yet what to buy. I guess it would work though

 

[WhoU]

No privilege card.
Opened Edge Rewards a short while ago, today, and tried with the 6250 multi-brand voucher. My points are slightly more than that. I added it to the cart and the system said I would have 100+ points left over. I didn't proceed further as I haven't decided yet what to buy. I guess it would work though

Okay, please update the thread once you do.

 

[Salvator]

How soon do you get the tata clip voucher after signing up for the card?
Do you have to wait for your first bill statement or can you request for the voucher as soon as you get the card?

 

[Copycat]

How soon do you get the tata clip voucher after signing up for the card?
Do you have to wait for your first bill statement or can you request for the voucher as soon as you get the card?

I got the SMS saying I was eligible 10 days after card approval. Much before my bill was generated. I have not yet claimed the voucher, because as some other people have found out, an error occurs during the claiming process if you have not yet made your first payment

 

[gurbina]

Since grab deals is the mother portal for gyftr as well - I am kind of getting a feeling that overall points are capped at 10k including gyftr. Can anyone check based on last few months activity? Thanks.

You don't have to necessarily start the transaction through GrabDeals.
It's confusing and probably a legacy thing.

You can straight away go to TravelEdge or GiftEdge and do it. I've always gone directly for TravelEdge and GiftEdge (skipping GrabDeals altogether) and I've always gotten these points credited correctly.

It's actually clearly stated in Gyftr the amount of cashback/ER Multiplier you get on any gift card. Also you can read the TnC at the bottom of their page.

Accelerated EDGE REWARDS: Earn 3X/5X/10X EDGE REWARD Points whenever you make a purchase from this voucher portal. The Axis Bank EDGE REWARD Points depend on the brand you choose. There is no upper limit on points you can earn. Get 10X EDGE REWARD Points on over 100 brand vouchers, 5X EDGE REWARD Points on many major brands such as Ola, Mobile Recharge, Flipkart, Spencer‘s Retail, Croma etc. and 3X EDGE REWARD Points on purchase of Amazon Pay Gift Cards.

 

[Rushiloke7]

I have a doubt with Gyftr accelerated reward point.

For magnus if you spend 200 you get 12 edge points. But if you spend it on 10x brand voucher, would you actually get 120 edge reward points for every 200 spent?

If that's the case then the base reward rate itself would be 12% without airmile transfer.

 

[Copycat]

I have a doubt with Gyftr accelerated reward point.

For magnus if you spend 200 you get 12 edge points. But if you spend it on 10x brand voucher, would you actually get 120 edge reward points for every 200 spent?

If that's the case then the base reward rate itself would be 12% without airmile transfer.

Yes, your reasoning is correct. However, please note the base 1x reward will get credited first and then some time later, between 60-120 days later, the remaining 9x will get credited

 

[Wealth is my birth right!]

I have a doubt with Gyftr accelerated reward point.

For magnus if you spend 200 you get 12 edge points. But if you spend it on 10x brand voucher, would you actually get 120 edge reward points for every 200 spent?

If that's the case then the base reward rate itself would be 12% without airmile transfer.

Perfect math but 10x ER category vouchers how much u consume in a month?

 

[dishank_24]

I tried using magnus for grab deals but it said not eligible.

Does anyone know anything about this? I have already sent mail to premium.experience@axisbank.com and expecting a reply within one day.

 

[gabu]

Reg mob no and last digit of card should be correct.

 

[dishank_24]

Reg mob no and last digit of card should be correct.

Yes everything is correct. That is all checked will wait for bank to reply. Is there anything else that I can do?

 

[Rushiloke7]

Perfect math but 10x ER category vouchers how much u consume in a month?

Yeah, you're right. However, there are very few good brands in 10x category like Myntra, Pizza hut/Domino's, Yatra, etc where we can spend some time. But still not ideal for every month.