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 ✌🏻​

 

[Subhankar]

Update: Edited the travel edge part with no capping

 

[coinhunter]

I'm having a FOMO right now since my spending is not high.

Category 1 people are like "The Boss" Just look at those RPs!

 

[Darthvader]

my spending is really low, do i still require this one , asking this question myself though i have applied.

 

[coinhunter]

my spending is really low, do i still require this one , asking this question myself though i have applied.

I asked that myself too before and the answer is YES - just because I can Plus its a hobby to collect cards.

 

[Darthvader]

I asked that myself too before and the answer is YES - just because I can Plus its a hobby to collect cards.

Haha. Okay.
What is the Fees of this card, Some say its Joining + Annual , Some say its only Annual .

What is the correct fees applicable for this card ? I receive card on this month 15th. I only have to pay 10K + taxes right

 

[drmayank2305]

Haha. Okay.
What is the Fees of this card, Some say its Joining + Annual , Some say its only Annual .

What is the correct fees applicable for this card ? I receive card on this month 15th. I only have to pay 10K + taxes right

yes you have to pay joining fees and then from 2nd year onwards annual fees ok ₹10k plus gst!

 

[coinhunter]

yes you have to pay joining fees and then from 2nd year onwards annual fees ok ₹10k plus gst!

Yes, correct. But hey, it comes with a 10k Tata Cliq voucher. So if you're smart with that, you can cover your fees.

 

[Wealth is my birth right!]

Yes, correct. But hey, it comes with a 10k Tata Cliq voucher. So if you're smart with that, you can cover your fees.

Either Tatacliq or one way flight ticket

 

[Harry1]

Just checked some flight routes on Singapore airlines for economy class.

Domestic routes seem to be minimum 13500 miles. Actual flights are easily available at 6-8K.

Bangalore - Singapore flight is 20k miles, but is easily available from 10-15k.

So, don't see getting a anything more than 0.5-0.7 rs per miles.

Are all of them like this only if travelling in economy class?

Can you please make one post comparing the typical points value of all these airline partners for domestic economy class and international economy class tickets? I never travel in business class, so that is not much useful.

And if there is one or two single partner that usually offers best price most of the time? It is so confusing for most of us.

 

[Wealth is my birth right!]

Just checked some flight routes on Singapore airlines for economy class.

Domestic routes seem to be minimum 13500 miles. Actual flights are easily available at 6-8K.

Bangalore - Singapore flight is 20k miles, but is easily available from 10-15k.

So, don't see getting a anything more than 0.5-0.7 rs per miles.

Are all of them like this only if travelling in economy class?

Good analysis if we get one rupee for a point it’s our luck.
Did a hotel booking for January second week in Marriott 8100/- for 9k points so it’s a value yield of 0.9
Have 1:1 value if I give flexibility in dates but it’s something around next September

 

[Harry1]

Good analysis if we get one rupee for a point it’s our luck.
Did a hotel booking for January second week in Marriott 8100/- for 9k points so it’s a value yield of 0.9
Have 1:1 value if I give flexibility in dates but it’s something around next September

Hmm, 0.7-1 rs is good. But I am not seeing even that. Will check some more airlines. The problem is all of them ask to create account before showing rates.

 

[Wealth is my birth right!]

Hmm, 0.7-1 rs is good. But I am not seeing even that. Will check some more airlines. The problem is all of them ask to create account before showing rates.

Yes everyone wants our mail id to spam lol
Have a couple of airlines for domestic flights and international flights separately thats enough anyways less than top 3 airlines in each segment won’t offer that much value to the RPs

 

[Bharat]

Got my Axis Magnus today, it's a Visa Infinite variant but came in Plastic 😢, I asked Axis support they said they closed metal for Magnus now.
Is anyone else with the same issue, if yes then do they replace it with metal, and how?
[Applied=1Nov || Approved=2Nov || Delivered=6Nov]

 

[Wealth is my birth right!]

Got my Axis Magnus today, it's a Visa Infinite variant but came in Plastic 😢, I asked Axis support they said they closed metal for Magnus now.
Is anyone else with the same issue, if yes then do they replace it with metal, and how?
[Applied=1Nov || Approved=2Nov || Delivered=6Nov]

Much demand the card in market now so metal version costly for axis so they took this move
Wait for sometime like a month and block lost so reissued may be metal
I got on Oct 24th it’s metal

 

[Subhankar]

Got my Axis Magnus today, it's a Visa Infinite variant but came in Plastic 😢, I asked Axis support they said they closed metal for Magnus now.
Is anyone else with the same issue, if yes then do they replace it with metal, and how?
[Applied=1Nov || Approved=2Nov || Delivered=6Nov]

That's a news to me! I got my Magnus Recently as well but it's metal. Though it doesn't make much difference. The metal Magnus has too much of Plastic in it. If you really want that premium feeling of Metal cards, go for Reserve, it's a card with solid built. But at the end of the day, all it does matter is the value you're getting from a card

 

[Darthvader]

It's been ages for me atleast good 4-5 years since someone actually came for CC physical verification. I had applied for Magnus week ago, today a person came and asked details and took pic of my house.
Don't understand this, i meet their eligible criteria yet physical verification. Does anybody else faced the same ? I already own FK Axis .

 

[Avijeet]

Got my Axis Magnus today, it's a Visa Infinite variant but came in Plastic 😢, I asked Axis support they said they closed metal for Magnus now.
Is anyone else with the same issue, if yes then do they replace it with metal, and how?
[Applied=1Nov || Approved=2Nov || Delivered=6Nov]

Devaluation started ... this time from the Physical form itself .... :-(

 

[princeagrawal16]

Good analysis if we get one rupee for a point it’s our luck.
Did a hotel booking for January second week in Marriott 8100/- for 9k points so it’s a value yield of 0.9
Have 1:1 value if I give flexibility in dates but it’s something around next September

Hey, how did you managed to earn 9K points so quickly?

 

[Wealth is my birth right!]

Hey, how did you managed to earn 9K points so quickly?

That 9k points are Amex 3 cards put together not in axis magnus
Just quoted the point conversion which I did today for example
Reg magnus my first transaction did on October 24 till now my edge shows zero any idea when I get those points pls

 

[Harry1]

That's a news to me! I got my Magnus Recently as well but it's metal. Though it doesn't make much difference. The metal Magnus has too much of Plastic in it. If you really want that premium feeling of Metal cards, go for Reserve, it's a card with solid built. But at the end of the day, all it does matter is the value you're getting from a card

Yeah, My onecard is pretty heavy compared to this magnus. Initially I didn't even realise that it's metal.