Subhankar

Subhankar

06-11-2022

07:33

🧵 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: @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.

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 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

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, 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

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 ✌🏻

If you find this thread helpful, please don’t forget to like 👍🏻 and retweet 🔁 it Thank you for your continuous support 🙏🏻 Don’t forget to visit our community:



Follow us on Twitter

to be informed of the latest developments and updates!


You can easily use to @tivitikothread bot for create more readable thread!
Donate 💲

You can keep this app free of charge by supporting 😊

for server charges...