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!]

Actually 2 things are happening currently with Magnus- first- If Real estate related transactions are getting succesful then they are not settling them( you will see transaction is pending on merchant's end comment) second - they are blocking card immediately when then find any Utility payment MCC.
Well everyone knows they have invested lots of money to takeover Citi bank's operations so now they don't want to give 1L milestone benefits with such tactics.(people often say it "manufactured spending")😂😂

Anyways lifelong axis can’t offer milestone benefits let’s enjoy till party lasts
Post May month we will have citi guys moved to axis cards I think so for a big no of users they can’t give huge rewards

 

[dungeonMaster]

I got magnus in Feb, already done the forst transaction. But still haven't got the joining bonus voucher. Tried thriwe but unable to login. Also joining fee is deducted. People here getting FYF and voucher as well. And I'm not getting either of it.

 

[QUIKSILVER27]

I got magnus in Feb, already done the forst transaction. But still haven't got the joining bonus voucher. Tried thriwe but unable to login. Also joining fee is deducted. People here getting FYF and voucher as well. And I'm not getting either of it.

If not received, call Axis Concierge (18001034962) and see if they can help with welcome benefits..

 

[CVR]

Actually 2 things are happening currently with Magnus- first- If Real estate related transactions are getting succesful then they are not settling them( you will see transaction is pending on merchant's end comment) second - they are blocking card immediately when then find any Utility payment MCC.
Well everyone knows they have invested lots of money to takeover Citi bank's operations so now they don't want to give 1L milestone benefits with such tactics.(people often say it "manufactured spending")😂😂

what do you mean by not settling them? the landlord has already received the rent in his bank account (generally in few hours) they can’t take the amount back again!

 

[dungeonMaster]

If not received, call Axis Concierge (18001034962) and see if they can help with welcome benefits..

Tried the Concierge but wasn't helpful at all they just share the thriwe URL.

 

[Dhm66]

what do you mean by not settling them? the landlord has already received the rent in his bank account (generally in few hours) they can’t take the amount back again!

what do you mean by not settling them? the landlord has already received the rent in his bank account (generally in few hours) they can’t take the amount back again!

It means such transactions weren't showing as a settled transaction in the Axis banks cc statement, but now this issue has been resolved from their end particularly for Magnus cc.

 

[Deleted member 9785]

Strange call i received from someone saying he from axis credit card. Said banks plans to give 10% cashback instead of points. I said get lost and maintain status quo

 

[chbhk619]

Does money transfer from BharatNXT is being considered for 1L milestone? Anyone verified?

 

[ak93]

Does money transfer from BharatNXT is being considered for 1L milestone? Anyone verified?

Yes, it will.

 

[DrTS]

Guys, I have a dilemma.
I am booking flights which cost around 1.3L via magnus.
If I book via travel edge I get around 20000 extra miles with 5x
But if I book via official airline, I get Rs10000 instant discount ?
Which is better ? Extra miles or instant discount ?

 

[Venky]

Guys, I have a dilemma.
I am booking flights which cost around 1.3L via magnus.
If I book via travel edge I get around 20000 extra miles with 5x
But if I book via official airline, I get Rs10000 instant discount ?
Which is better ? Extra miles or instant discount ?

Depends if you travel often or not. Plus also if you’ve still not completed the milestone or not. 20,000 how? 5x on 130k will fetch around 31k miles normal miles no? If you fulfil your milestone frequently and travel 1-2 a year I think the ₹10000 makes more sense right now. But if you take frequent international trip I say you take the miles.

 

[DrTS]

Depends if you travel often or not. Plus also if you’ve still not completed the milestone or not. 20,000 how? 5x on 130k will fetch around 31k miles normal miles no? If you fulfil your milestone frequently and travel 1-2 a year I think the ₹10000 makes more sense right now. But if you take frequent international trip I say you take the miles.

Neither I travel international very often nor will I complete milestone more than 3-4 times.
Yeah I’ll get milestone benefit eitherway I guess, if I book via travel edge or airline its still more than 1L.
Traveledge - 31k+ 25k miles
Airline - 32k miles
So it comes down to miles vs cash

 

[DrTS]

66k miles is a huge number. It is equal to one Business class one way Europe ticket (round if you transfer to Turkish) or an economy round trip (4 tickets via Turkish) to Europe that’ll be valid for the next 2-3 years (Different FFP’s have different expiration time for miles) that is costing you 10k. 66k can also mean 7-8 domestic economy tickets if not more in Vistara or Air India and all that for 10k. (All this is till Magnus ER is still redeemable at 5:4 value)

If it were me I’d definitely take the miles cause I do travel frequently or someone from my immediate family does. I do understand its not everyone’s goal to travel. If this 10k is disposable for you right now, I’d say take the miles. It’ll come to better use to you.

How I am calculating this is 56k-32k= 24k extra miles while booking on traveledge or Rs 10000 instead of those 24k miles.
Its not 10k for 56k miles coz I’ll get milestone benefit while booking directly with airline too (still Rs1.2L)

 

[Venky]

How I am calculating this is 56k-32k= 24k extra miles while booking on traveledge or Rs 10000 instead of those 24k miles.
Its not 10k for 56k miles coz I’ll get milestone benefit while booking directly with airline too (still Rs1.2L)

ok I just assumed you calculated already and it came to 31k+25k miles.

So 1.3 normal spends is 25k+7.8k ER
=26k miles
And, 1.3 TravelEdge spends is 25k+39k ER
=51k miles.

Ie 25k miles extra for 10k right? (Sorry, math is not my strong suit 😂)

If it is and you’re still completing your Milestone 3-5 times as you said, take the cash.

 

[DrTS]

ok I just assumed you calculated already and it came to 31k+25k miles.

So 1.3 normal spends is 25k+7.8k ER
=26k miles
And, 1.3 TravelEdge spends is 25k+39k ER
=51k miles.

Ie 25k miles extra for 10k right? (Sorry, math is not my strong suit 😂)

If it is and you’re still completing your Milestone 3-5 times as you said, take the cash.

Thanks for your suggestions !
Saw this a bit late. I went for miles and booked with traveledge. Ab jo hoga dekha jayega !! 😅

 

[gabu]

Thanks for your suggestions !
Saw this a bit late. I went for miles and booked with traveledge. Ab jo hoga dekha jayega !! 😅

It all depends on your travel priority. 25k Miles are worth way over 10k if you know how to redeem.
Even if you transfer those 25k before 31 march to vistara you would get 26k cv miles.
Good for 2 return domestic flights which is not possible in 10k under current direct pricing.

 

[Deleted member 9785]

can premium economy voucher be used for international flight to nepal?

 

[moneydeep]

I got magnus in Feb, already done the forst transaction. But still haven't got the joining bonus voucher. Tried thriwe but unable to login. Also joining fee is deducted. People here getting FYF and voucher as well. And I'm not getting either of it.

I'm facing the same issue. How did you resolve this please?
Ok the partner service said it takes upto 3 days for our data to be updated on their system. I will check back then.

 

[caabhi]

I'm facing the same issue. How did you resolve this please?
Ok the partner service said it takes upto 3 days for our data to be updated on their system. I will check back then.

I received the sms post the fees for card were debited and after doing the first transaction.
If you do not receive the joining voucher option even after completing first transaction and fees debit, I suggest you raise a request through email.
After you receive the sms, it normally is activated in 3 days.

 

[dungeonMaster]

I'm facing the same issue. How did you resolve this please?
Ok the partner service said it takes upto 3 days for our data to be updated on their system. I will check back then.

Still not resolved, raised to thriwe. They said they'll followup with the bank on this