Axis Magnus One time purchase of Rs. 962,000

[NewbiePointHacker]

I'm looking at purchasing a car and will pay Rs. 962,000 by CC. Shall I use Magnus w/o burgundy or Atlas?
Please confirm whether my below calculation is right or wrong:

Magnus : 150,000/200×12 = 9,000
812,000/200×35 = 142,100
Total Points: 151,100×2/5 = 60,440

Atlas (Already crossed 5L+ Milestone):
962,000/100×2 = 19240 + 5000 Milestone Benefit = 48,480

Magnus will be better in case incremental points receipt is not capped.

 

[saketreddy]

I'm looking at purchasing a car and will pay Rs. 962,000 by CC. Shall I use Magnus w/o burgundy or Atlas?
Please confirm whether my below calculation is right or wrong:

Magnus : 150,000/200×12 = 9,000
812,000/200×35 = 142,100
Total Points: 151,100×2/5 = 60,440

Atlas (Already crossed 5L+ Milestone):
962,000/100×2 = 19240 + 5000 Milestone Benefit = 48,480

Magnus will be better in case incremental points receipt is not capped.

If u can get burgundy in near future, then use magnus for now and transfer points at 5:4 later.

Of course, need to pay the ~30K fees but 151,100 points are alone worth more than 2 lakhs in Accor or 1.2 lakhs in ITC.

If not, use Atlas.

 

[sxchzy]

all depends on mcc

 

[saketreddy]

all depends on mcc

Shouldn't be a problem for car purchase.

Better thing to swipe for 100 and call to check MCC to be on safe side.

 

[kuku1687]

But you will also almost achieve the 2nd milestone benifit as well. You can add 10000 more edge miles. And renewal 10000 edge miles will also be a nice top up

 

[msk1437]

If u can get burgundy in near future, then use magnus for now and transfer points at 5:4 later.

Of course, need to pay the ~30K fees but 151,100 points are alone worth more than 2 lakhs in Accor or 1.2 lakhs in ITC.

If not, use Atlas.

So we can keep magnus points and sometime upgrade it to M4B and redeem with 5:4 and stop meeting the criteria thereafter?

 

[NewbiePointHacker]

If u can get burgundy in near future, then use magnus for now and transfer points at 5:4 later.

Of course, need to pay the ~30K fees but 151,100 points are alone worth more than 2 lakhs in Accor or 1.2 lakhs in ITC.

If not, use Atlas.

So my calculations for Magnus points is correct, and it's not going to be capped, right?
I'm still unsure whether to go for Magnus Burgundy or not due to several exclusions. And even if I redeem the ER for 2:5, I'm still getting more points compared to Atlas.

 

[NewbiePointHacker]

But you will also almost achieve the 2nd milestone benifit as well. You can add 10000 more edge miles. And renewal 10000 edge miles will also be a nice top up

True, but I can easily utilize the Atlas in next few months as well.

 

[saketreddy]

So we can keep magnus points and sometime upgrade it to M4B and redeem with 5:4 and stop meeting the criteria thereafter?

Yeah, not a problem. The T&C states they do provide a one time transfer of magnus points to 5:4.

If u don't maintain criteria they will charge u again for magnus non burgundy and will issue a new card.

 

[kuku1687]

True, but I can easily utilize the Atlas in next few months as well.

But I still feel it's a better deal than magnus. Magnus Burgundy is obviously way better but

 

[saketreddy]

So my calculations for Magnus points is correct, and it's not going to be capped, right?
I'm still unsure whether to go for Magnus Burgundy or not due to several exclusions. And even if I redeem the ER for 2:5, I'm still getting more points compared to Atlas.

That's upto ur discretion, Atlas points credit max within a month even milestones.

Magnus AEP is within 90 days from month end.

 

[RTR01]

But you will also almost achieve the 2nd milestone benifit as well. You can add 10000 more edge miles. And renewal 10000 edge miles will also be a nice top up

Will the milestone benefit be 5000 for 7.5lakhs+ 10000 for 15 lakhs spends?

 

[kuku1687]

Will the milestone benefit be 5000 for 7.5lakhs+ 10000 for 15 lakhs spends?

Yes it will be two seperate milestone benifits

 

[NewbiePointHacker]

Assuming MCC is not in exclusion, I will get Rs.812,000/200×35 = 142,000 ER, right?. In that case, I think I'll get M4B.

 

[WandereR]

In that case, I think I'll get M4B.

By paying 30k fee?

 

[saketreddy]

Assuming MCC is not in exclusion, I will get Rs.812,000/200×35 = 142,000 ER, right?. In that case, I think I'll get M4B.

Yes, you are right.

 

[NewbiePointHacker]

Yes, you are right.

Thanks, will go with Magnus then once the MCC is confirmed. M4B still makes sense, even with 30K Fees for big transactions.

 

[NewbiePointHacker]

By paying 30k fee?

Yep, makes sense for big purchases.

 

[saketreddy]

Thanks, will go with Magnus then once the MCC is confirmed. M4B still makes sense, even with 30K Fees for big transactions.

And if you are going through with it, shift all major expenses even from other cards to magnus to the same month as car purchase transaction if possible.

You will get incremental 15% reward rate on top of 9.6 Lakh for remaining spends in that month.

 

[NewbiePointHacker]

And if you are going through with it, shift all major expenses even from other cards to magnus to the same month as car purchase transaction if possible.

You will get incremental 15% reward rate on top of 9.6 Lakh for remaining spends in that month.

Good point. Noted.