🧵 Axis Magnus Optimal Usage Guide:
In this thread, you can find 3 Categories of People’s (according to their spending power) spends on Magnus card and how much they can get rewarded with
Also adding the way(s) to stack up points faster
TF: technofino.in
@Skh27
In this thread, you can find 3 Categories of People’s (according to their spending power) spends on Magnus card and how much they can get rewarded with
Also adding the way(s) to stack up points faster
TF: technofino.in
@Skh27
Sweet Spots of Magnus:
1. Flat 4.8% reward rate
2. 25K bonus Edge RP on monthly ₹1L spending 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.
1. Flat 4.8% reward rate
2. 25K bonus Edge RP on monthly ₹1L spending 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
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
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
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
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
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
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
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.
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
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 or 2) 2x in Economy Class
⚠️For ₹4L you’re short of 6K KF Miles
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 or 2) 2x in Economy Class
⚠️For ₹4L you’re short of 6K KF 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
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.
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, Blinkit
3. 10x RP on Myntra, Shopper’s Stop, Pantaloons, Yatra, MMT, KFC, Pizza Hut, Domino’s
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, Blinkit
3. 10x RP on Myntra, Shopper’s Stop, Pantaloons, Yatra, MMT, KFC, Pizza Hut, Domino’s
Travel Edge:
You get 5x RP capped at 10K Edge RP per month 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 your basic needs will be covered with the vouchers
You get 5x RP capped at 10K Edge RP per month 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 your 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 ✌🏻
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 ✌🏻
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Thank you for your continuous support 🙏🏻
Don’t forget to visit our community: technofino.in
Thank you for your continuous support 🙏🏻
Don’t forget to visit our community: technofino.in
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