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 ✌🏻​

 

[hks789]

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]

Mine was approved on Oct 31st. Got the metal variant. You can try your luck later with reissuing the card.

 

[CMG]

Can someone post a comparison of metal cards like infinia, onecard, magnus, reserve, amex plat etc ?

 

[Wealth is my birth right!]

Can someone post a comparison of metal cards like infinia, onecard, magnus, reserve, amex plat etc ?

Indus pioneer also pls add

 

[CMG]

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]

Can you please share the photo?

 

[princeagrawal16]

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

Just have a faith in God. You will get it. 😉

We all are in same boat.

Earlier it used to come in 2-3 days. Now they say 10-12 days.

I would suggest to wait till statement generation & then reach out to support if points are still not credited.

I assume they are now following the same setup as Ace & Flipkart card.

 

[Bharat]

Can you please share the photo?

 

[Wealth is my birth right!]

Just have a faith in God. You will get it. 😉

We all are in same boat.

Earlier it used to come in 2-3 days. Now they say 10-12 days.

I would suggest to wait till statement generation & then reach out to support if points are still not credited.

I assume they are now following the same setup as Ace & Flipkart card.

Sure more patience required
Will update once I get points

 

[coinhunter]

Just have a faith in God. You will get it. 😉

We all are in same boat.

Earlier it used to come in 2-3 days. Now they say 10-12 days.

I would suggest to wait till statement generation & then reach out to support if points are still not credited.

I assume they are now following the same setup as Ace & Flipkart card.

My RPs are not showing too. I called customer care and they said to wait till the statement

 

[Wealth is my birth right!]

My RPs are not showing too. I called customer care and they said to wait till the statement generation.

oh ok in my case statement date is 18th so another 11 days to have patience then

 

[coinhunter]

oh ok in my case statement date is 18th so another 11 days to have patience then

Ah, we have the same statement date!

 

[Subhankar]

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?

Economy is something you would like to redeem your miles on Move to J or F, there's the real value. But hey not everyone can go for J or F, thus illustrated the Y.

Go for F now, you'll see upto 3.5Rs per point value

 

[kkk]

Ah, we have the same statement date!

Even I have same statement date

 

[Wealth is my birth right!]

Even I have same statement date

Ah, we have the same statement date!

maybe we 3 got card issued in same date of a month...lets celebrate card anniversary together if happens same month in the year

 

[kkk]

maybe we 3 got card issued in same date of a month...lets celebrate card anniversary together if happens same month in the year

I received the card on 23rd October. It was approved on 19th October. It was diwali gift by Axis

 

[Wealth is my birth right!]

I received the card on 23rd October. It was approved on 19th October. It was diwali gift by Axis

Mine approved on 22nd OCT and received on 24th OCT in bluedart yes i inaugurated first spend in magnus during muharat trade time

 

[Harry1]

Economy is something you would like to redeem your miles on Move to J or F, there's the real value. But hey not everyone can go for J or F, thus illustrated the Y.

Go for F now, you'll see upto 3.5Rs per point value

You mean economy is *not something, right?

So anything above 0.5 is good for economy, right?

I don't even understand these Y, J or F classes🤣.

 

[amit]

You mean economy is *not something, right?

So anything above 0.5 is good for economy, right?

I don't even understand these Y, J or F classes🤣.

it's Yash Raj Films

 

[Satish]

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]

How quick it was..How did you apply? Online or Offline? What is the limit? I applied on 31-Oct-2022 & still it is in process. I wish they reject my application if it is in plastic form.

 

[Bharat]

How quick it was..How did you apply? Online or Offline? What is the limit? I applied on 31-Oct-2022 & still it is in process. I wish they reject my application if it is in plastic form.

Applied & KYC on 1st Nov, Approved and Printed on 2nd (checked via cc tracker), Dispatched on 5th and received on 6th.
Not sure if this was coincidence, but on every step, I followed back with customer care via call/chat on "what's the status", after that I could see some movement on the application.
Applied Online without bank agent, strange but they did not asked for any documents apart from KYC. Limit is very less just above 2L.

 

[adi]

Applied & KYC on 1st Nov, Approved and Printed on 2nd (checked via cc tracker), Dispatched on 5th and received on 6th.
Not sure if this was coincidence, but on every step, I followed back with customer care via call/chat on "what's the status", after that I could see some movement on the application.
Applied Online without bank agent, strange but they did not asked for any documents apart from KYC. Limit is very less just above 2L.

what's your cibil score?
do you have any other super premium card?
and what is the max limit you have?