(1/n) Is Magnus worth w/o the 25K Milestone Bonus?
Analysing ₹6-8 Lacs spends annually as under:
Utilities / Mobile / Internet - 75K
Fuel / Toll - 100K
School Fees - 100K
Groceries - 60K
Dining / Food Delivery - 60K
Travel - 60K
Shopping - 60K
Electronics - 100K
Misc - 120K
Analysing ₹6-8 Lacs spends annually as under:
Utilities / Mobile / Internet - 75K
Fuel / Toll - 100K
School Fees - 100K
Groceries - 60K
Dining / Food Delivery - 60K
Travel - 60K
Shopping - 60K
Electronics - 100K
Misc - 120K
(2/n) Standard Earning - 12 ER per ₹200
How much can be routed thru Reward Multiplier?
Amazon GV - 120K - 3X
Shopping - 60K - 10X
Electronics - 120K - 5X
Travel - 60K - 5X
Misc. - 50K - 5X
Food Delivery - 20K - 5X
EazyDiner Dining Discount - 6 Times a year - ₹6000 Savings
How much can be routed thru Reward Multiplier?
Amazon GV - 120K - 3X
Shopping - 60K - 10X
Electronics - 120K - 5X
Travel - 60K - 5X
Misc. - 50K - 5X
Food Delivery - 20K - 5X
EazyDiner Dining Discount - 6 Times a year - ₹6000 Savings
(3/n) Points Earning thru the Year:
Regular - 44,100
Reward Multiplier - 106,800
Total - 150,900
Cash Savings - ₹6,000
What are the Magnus ER Points worth?
Standard Redemption - ₹0.2 per ER Point (₹0.4 for Multi-brand #IYKYK) - ₹30,180 / ₹60,360
Regular - 44,100
Reward Multiplier - 106,800
Total - 150,900
Cash Savings - ₹6,000
What are the Magnus ER Points worth?
Standard Redemption - ₹0.2 per ER Point (₹0.4 for Multi-brand #IYKYK) - ₹30,180 / ₹60,360
(4/n) If Travel Redemptions:
Conversion from ER to Airmiles / Hotel Points - 5:4
120,720 Miles / Points
Considering a meagre value of ₹0.6 per Airmile / Hotel Loyalty Point which most beginners too can get easily
₹72,435
~9.8% Reward rate
All this w/o Monthly Bonus
Conversion from ER to Airmiles / Hotel Points - 5:4
120,720 Miles / Points
Considering a meagre value of ₹0.6 per Airmile / Hotel Loyalty Point which most beginners too can get easily
₹72,435
~9.8% Reward rate
All this w/o Monthly Bonus
(5/n) Now next question comes 'Is Magnus better than Infinia?'
Not that simple
Infinia - Lower RPs but Simplicity in redemptions. Good for Eco Flights or Mid-Range Hotels
Magnus - Higher RPs but complexity in redemptions. Good for Luxury flight / Hotel Experiences
Not that simple
Infinia - Lower RPs but Simplicity in redemptions. Good for Eco Flights or Mid-Range Hotels
Magnus - Higher RPs but complexity in redemptions. Good for Luxury flight / Hotel Experiences
(6/n) But this reinforces my thoughts about 1 family vacation using Credit Card Points per 16-18 Months is possible if you are spending 8-10 Lacs annually or above.
Earlier it was Infinia, now its Magnus. Given the low penetration of CCs in India, all these offers will continue.
Earlier it was Infinia, now its Magnus. Given the low penetration of CCs in India, all these offers will continue.
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