Axis Magnus Axis Magnus or M4B - Please suggest

[Vas2398]

Hi,

I used Atlas and got 30K points which is enough for me for Accor. So I wanted to get another Axis card as I have huge spends coming up in next 2 months( atleast 10 lakh).
I checked with Axis CC and they mentioned that I am preapproved for Magnus.
If I take Magnus now, I have to pay 12,500+GST but I can redeem points only in 5:2 ratio.

I can open Burgundy account now but then I have to wait for 3 or 4 more months to get M4B card.

I have 2 options now but with a question. Please suggest.
1) If I take normal magnus now and collect points , can I redeem them later say after 6 month with 5:4 ratio once I get Burgundy account?
2) I know I have to pay 12500 now for magnus. If I convert into M4B after 6 months, do I have to pay 30,000 fees again? Is that worth paying 12500 + 30000 ?


P.S: Already hold Atlas(spent 9 lakh for the year) and HDFC DCB(Spent 10 lakh in last 6 months but infinia not approved - may be because salary less than 3 lakh)
ICICI EPM rejected.
so thinking about magnus.

 

[Avatar Aang]

Can't comment on axis. But you have a case to get Infinia. What's your CL on DCB?

 

[Vas2398]

Can't comment on axis. But you have a case to get Infinia. What's your CL on DCB?

Currently it is 5.9 lakh Limit. Two years ago, I had Diners privilege with 8 lakh CL. Then HDFC reduced it to 5.9 Lakh as I was not using it much.
Then I got an upgrade offer to DCB metal and from that time using it as my primary card.
Spent almost 15 lakh in last one year. I mailed to HDFC (escalation.cc) but they didnt increased the limit not they approved infinia.

One reason I think is that I took loan on HDFC credit card due to an emergency. It is going to be closed in next 6 months.
I am not pre-closing the loan it as I have to pay prepayment charges. I will try for infinia upgrade after the loan is closed.

 

[m4b]

If you are hitting >1.5L per month then there’s no card close to m4b. The game is risky tbh, Axis has started introducing buckets. I am not sure if they are going to put those already earned ERs from Magnus to M4B bucket in future. But if this is what the terms are then they will put these in M4B bucket after you get the card. Need confirmation on that part.