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Axis Magnus Credit Card Detailed Review – 2023 Update

Axis Magnus Credit Card

Axis Bank had launched the Axis Magnus credit card sometime in 2019 and it remained a mediocre card back then. However, recent changes that Axis has done with the Magnus credit card’s benefits and simultaneous devaluation of the HDFC Infinia and DCB has made Axis Magnus a very good card to hold. In this article, I will list down my views on the Axis Magnus credit card and a comparison with HDFC Infinia and DCB, to see if Magnus is really better than Infinia/DCB.

Axis Bank added various transfer partners (airlines and hotel chains) to Magnus credit cards in August 2022. This one step has made Magnus probably the best credit card in India at the moment.

Axis Magnus Credit Card

Axis Bank Magnus credit card

Apply for Axis Magnus Now!

Fees and Eligibility:

  • Joining fees and annual fees are INR10,000 + GST. Fee waived at annual spends of 15lakhs

Rewards and Benefit:

  • Joining Benefit:
    • Joining benefit of 10K Tata Cliq voucher or 10k worth of domestic flight ticket.
    • This is applicable on renewal too, provided the annual fee is paid.
  • Recurring Benefits:
    • BOGO on BMS up to Rs. 500 off on the second ticket for a maximum of 5 movie/non-movie bookings in a month.
  • Reward Points:
    • Standard Reward Rate: 12 reward points for every INR200 spent. 1 Reward point = 0.20 paisa (1.2% reward rate).
    • Accelerated Reward Rate: 5x reward points (i.e. 60 RPs) on every INR200 spent on travel spending via Travel Edge (6% reward rate). A monthly cap of 10K points.
    • Milestone Reward Rate: 25,000 RPs worth INR5,000 on monthly spends of INR1Lakh (i.e. 5% reward rate)
  • Lounge Access:
    • Domestic: Unlimited complimentary domestic lounge access to primary and add-on card members.
    • International: Unlimited complimentary lounge access to the primary cardholder. 8 guest visits are allowed in a year.
    • Airport Concierge Service: 8 complimentary end-to-end VIP services at the airports within India.

My views on Axis Magnus credit card

The Axis Magnus credit card has been in existence since 2019. However, given the low reward rate of 1.2%, high annual fee (10K) and very high fee waiver threshold (15Lakhs) the card remained very mediocre. However, Axis Bank has made some changes in the reward program making the card quite interesting. The changes are

  • Monthly Milestone Benefits: 25,000 RPs worth INR5,000 on monthly spending of INR1Lakh (i.e. 5% reward rate). This one change alone increases the reward rate on the card from 1.2% to 6.2%. Only wallet spends are excluded from the calculations.
  • Accelerated Reward Rate: 5x reward points (i.e. 60 RPs) on every INR200 spent on travel spending via Travel Edge (6% reward rate). Thru its Travel Edge portal, travel bookings will earn a 6% reward rate
  • International lounge access: Unlimited international lounge access via Priority Pass for the primary cardholder.
  • Airlines and Hotels loyalty program as transfer partners: Axis has introduced a range of transfer partners at a very lucrative conversion ratio (5:4). At this conversion ratio, one can easily score almost 7 business class tickets to Singapore.

The introduction of a monthly milestone benefit equivalent to INR5K significantly changes the reward rate of the card to 6%+. Further, since all spending is included, except wallet load, one can seriously think of using this card as a primary card as long as monthly spending is above 1lakh. This can be a boon for people running high utility (read electricity) and fuel bills every month.

Another feature of this card is the airport concierge service in Indian airports. It can be useful for people who travel frequently with heavy luggage or in large groups.  For normal travel, I don’t think this service makes any difference.

One another feature that is unique to Axis Magnus is BOGO on BMS for up to 500 for a maximum of 5 movie/non-movie bookings in a month. This is saying that you can literally go to movies every week at 50% off. This feature sounds great on paper, but I feel is impractical in practice, as very few cardholders will tend to watch movies/theatre every week religiously.

Miles transfer can give nearly 7 business class tickets to Singapore: Recently, Axis Magnus announced many transfer partners for most of its card range including Axis Magnus. The outcome of this change is Axis Magnus can potentially give you upto 7 business-class tickets to Singapore on Singapore Airlines.  A business class ticket to Singapore on Singapore Airlines starts from 43k miles.

The details of transfer partners and conversion ratio is given below:
Axis Magnus Transfer Partners
The magnitude of this change is such that even if you don’t use Axis Magnus for its 5x rewards and run a monthly bill of just 50k, you will get more airmiles than HDFC Infinia/DCB on similar spends.  Below is the table that gives approx. miles you earn on Axis Magnus vs HDFC Infinia/DCB at various spend levels.
Axis Magnus Indicative Miles Earned

Axis Magnus accelerated reward points

We all have multiple queries regarding accelerated reward points on Axis Magnus. This is what I have gathered from various card users and customer care.

Axis TravelEdge: There is no limit or capping on TravelEdge. So you can earn unlimited Edge points using the TravelEdge portal

Axis Grabdeals: A capping of 10k points per month is applicable.

Axis GiftEdge: My understanding here was since it comes under Graddeals it will have a capping of 10k points. However, from what I understand now there is no upper limit on points you can earn but there is some capping on the value of vouchers you can buy per brand and overall in a month. Overall you can buy 50k vouchers (not confirmed, different people have told different numbers) in a month. There is also a per-brand limit, though that differs from brand to brand.

Axis Magnus vs HDFC Infinia vs HDFC Diners Black

Since the devaluation of HDFC cards and the tweaking of benefits on Axis Magnus happened at the same time, it’s quite obvious for everyone to compare these cards.

I also compared these cards, since I own a DCB and the devaluation has been quite sharp on DCB. If one goes by the monetary value of reward points, then Axis Magnus is a notch below HDFC Infinia and DCB.

However, if one takes into account the miles conversion (assumed transfer to Krisflyer in the calculator) Axis Magnus stands heads and shoulders above HDFC Infinia/DCB.

If you only consider the monetary value of points then HDFC twins are still a notch better than Magnus. However, the moment you bring into the picture the miles conversion, Axis Magnus beats nearly every other credit card by a big margin. In the calculator above, I have incorporated both- monetary value and miles conversion.

In addition, since the conversion ratio is too good to be true. Even if you consider that Axis Magnus’s eventual devaluation to 5:1 from a 5:4 ratio; Magnus’s conversion ratio still will very be similar to that of HDFC Infinia/DCB.

Not to mention the highlight of the Axis Magnus credit card – its clean reward structure. You spend, you get a 1.2% base reward rate and if you spend more than a lakh in a month, you get an additional 5% reward rate. The challenge with HDFC cards is that the 5x/10x program has now become 2x/3x/5x/10x, making it difficult to remember the reward rate you will eventually get.

Strategy for transferring points on Axis Magnus credit card

Axis TravelEdge platform is not yet stable. It shows very weird conversion ratios. For someone, it shows a 10:1 ratio and for a few, it shows a 5:1 ratio. Thus let Axis Bank iron out these glitches before transferring the points.

My fear is that the conversion ratio is too good to be true. Thus, keep transferring your points at regular intervals and don’t really wait for some bonus transfer offer. Enjoy till the party lasts.

Expect some sort of devaluation soon. A-la RBL Zomato Edition credit card types. It may be in the form of a change in conversion ratio, exclusion of certain spends (rent, insurance, fuel etc) towards monthly bonus points or simply in form of a reduction of bonus points (say from 25k to 10k). This has started in a small way with rent payments of only upto 50k will get reward points (link)

Features where Axis Magnus outscores HDFC Cards

There are a few features that make Axis Magnus stand out in comparison to HDFC twins. Have listed them below

  • No 70% rule: HDFC cards has this rule that allows only 70% of the booking amount can be set off against points. Axis Magnus as of now has a clean structure.The entire reward balance can be used for hotel/airline booking on the TravelEdge portal.
  • Airport concierge service: While this is nothing more than a glorified porter service at airports, however, everyone will find this more useful than the complimentary golf rounds that HDFC cards offer.
  • 5×500 BOGO on BMS: This is a useful offer that will be used at least once a month for sure if not more. Especially now given that Covid is nearing an end 🤞. Maybe adding INR 6000 in Magnus’s annual reward rate. DCB does give monthly 500 BMS vouchers on milestone spends but nothing such is available on Infinia.
  • Number of transfer partners: Axis Bank now has 12 transfer partners against 3 for HDFC Infinia/DCB.

Should you apply for Axis Magnus?

When I first wrote about this card in February, I said that I won’t apply for Axis Magnus as yet. The reason being I was chasing HDFC to upgrade my DCB to Infinia. I was very hopeful of scoring that upgrade. However, HDFC gave neither the upgrade nor any limit increase. Thus, I ended up taking Axis Magnus in May 2022. The logic was since my spending cross 1lk+ a month 2-3 times a year my reward rate on DCB and Magnus will be more or less the same (6-8%). So better, take Magnus and keep DCB until renewal.

With the introduction of new transfer partners on Axis Magnus, the dynamics have changed completely and Axis Magnus is sure to become the most sort after credit card in India. Sort of vindicating my decision.

Should you apply too? If you are in the airmiles game, the answer is straight yes. No second thoughts about it. If you are after the monetary value of points then only apply if you run a monthly bill of 1lk+. If you are not in these 2 camps, use the dynamic calculator and see where you get better returns.

Apply for Axis Magnus Now!

Conclusion

Axis Magnus with its revised benefits and transfer partners is now probably the best credit in India for frequent travellers.

What do you think of Axis Magnus given the recent changes? Will you apply for it? Do you think Axis Bank is replacing HDFC Bank as the best credit card issuer in India? Do share your thoughts in the comment section below.

Photo by Martin de Arriba on Unsplash

Disclaimer
In the interest of full disclosure, Credit Cardz may earn a referral bonus for anyone that’s approved through some of the links in this post. However, opinions and views expressed here are of the author's alone and not those of the bank, credit card issuer, or anyone else and have not been reviewed, approved or otherwise endorsed by any of these entities.

229 Comments

  1. Amrish

    Couple of points:
    1. In your calculations, you’ve taken 1.2% for amazon/FK for Magnus. It could be 6% if done through vouchers, specially since there are no limits like in Infinia/ dcb
    2. While you’ve mentioned 70% RP utilization for Infinia/ Dcb, it doesn’t get factored in the calculations. It’s a big difference IMHO. The way I do it for myself is to consider value of RP as 70p. I think it gives a more fair comparison, maybe something to consider

    • Comment by post author

      CreditCardz

      Hey Amrish
      thanks for your comments – below are my thoughts
      1. there are limits for vouchers on Axis card too – someone had shared a screenshot on my twitter profile showing that more than 10k Amazon vouchers are not allowed (https://twitter.com/niteshladia/status/1429118789812047883).Happy to be corrected here.

      Further, Amazon vouchers can be used for most utility bill payments – so I can probably earn 10-15% on utility bill payment thru Infinia/DCB against 6% on Magnus.

      2. About the value of points, what you say is correct when you have say 50k points and have booking of 50k to be done. But in case you have 30k points and 50k booking, then you very well get value of 1 per point. Modelling these scenarios can make the model very complex and prone to error.

      • Saiki

        When I looked up Amazon vouchers on their Gyftr Edgerewards portal, they are giving Accelerated RP for Amazon voucher, only base rewards

        • Comment by post author

          CreditCardz

          Yes. Now there are no accelerated rewards for amazon vouchers

        • Vaibhav

          We all know that rental transactions are now excluded for milestones benefits and reward point accural on magnus cards. Can anyone give insights on the MCC for Education fees payments through variuos platforms? Will such payment still be counted for milestone benefits and rewards points accural on Axis Magnus cards?

      • Harshit

        Hi,

        Since the recent devaluation of HDFC DCB, I have been hoping to score an upgrade to HDFC Infinia but that has not happened. I have reached out multiple times to my RM but to no avail. In spite of having a credit limit of ~15 lakhs, I have not been able to get my hands on Infinia.

        I already hold SCB Ultimate (both Visa and MC variant), Axis Ace, Yes First Exclusive and IDFC Wealth among other cards.

        I am now thinking of applying for Axis Magnus considering the benefits. My typical spend on credit card during the month ranges between 80k to 110k. This include rent payment of approx. 55k. Does it make sense for me to apply for Axis Magnus? Will I be able to get benefits on rent and insurance payments?

        • Comment by post author

          CreditCardz

          Hey…as of now Magnus does give points on insurance and rent payment. They are also included towards the monthly bonus calc.

          As far as does Magnus suits you, you can use the calculator in the post to see where you get more points.
          Further, you need to also introspect as to what you need. Monetary benefits or the airmiles/hotel loyalty points.
          This is very important point. Otherwise you may have many airmiles but find yourself not using it at all.

          • Harshit

            Thanks for the prompt reply.

            What are plans with DCB? Given the recent devaluation of the 10x rewards program, I was thinking of holding it till my next renewal and then downgrading to a Millenia or Regalia. Let me know you thoughts and plan of action.

          • Comment by post author

            CreditCardz

            I am also holding to my dcb. But probably will give it a slightly longer rope. Reason being, this Axis Magnus thing is too good to be true. Something has to give up. Either the conversion ratio or the earning potential. So when it happens, i need another card to fall back upon and that is where dcb will come in play again.

          • Jagath

            Is there any change for insurance and rent payment for monthly 25k reward points?

      • ravi arya

        Hi,
        How can I earn 10-15% on the utility bill payments using DCB.

        • Comment by post author

          CreditCardz

          it was using Amazon vouchers bought from SmartBuy. However, vouchers from Smartbuy now carry a service charge. Plus for many users Amazon does not allow users to pay utility bills using Apay balance. So the avenues are reducing at a fast pace. If this method works for you, you can get ~8-10% on DCB, after the service charge of SmartBuy.

          • Chandrakant

            If your electric bill is below 10000 then only you can pay through Amazon Pay

    • Sunny

      Hi,

      I observed that Club ITC allows conversion of 2 Club ITC Reward to 3 Marriot Bonvoy points

      So one can use Magnus reward to convert into Club ITC and then Back to Marriot Bonvoy which makes conversion ratio of 5:6 (limited to 60000 Club ITC reward points per year)

      • Comment by post author

        CreditCardz

        Yes one can do that. Itc has a limit of 60k pts transfer per year. So one needs to keep that in mind.

        • MSU

          Can we use 2 ITC accounts to transfer to same Marriott to bypass the 60000 points rue per account ?

      • sagar mehta

        HI, DO YOU HAVE AN EXCEL OF THESE CONVERSIONS? THANKS

        • Jagath

          Does rent payment considered for 1lakh monthly expenses?

    • Avnish Burman

      Hi, thanks for the detailed article and your analysis. I have just one doubt – at one place you have mentioned that if we book air tickets using travel edge platform then reward points are capped at 10k. But later you have mentioned that there is no limit to this. Can you please clarify?

      I am looking to book tickets for US which are worth Rs 4lc. Does that mean i earn 12/200*400000*5(x) = 120000 reward points on this booking if done through travel edge?

      • Akshay Gupta

        Hey I am also facing same doubt. I am about to boom tickets worth 1Lk Rs. I.e. 30K Edge Points.

        Any clarification here?

        • Vk

          Even I have this same doubt and that’s what led me to this page. Kindly confirm the same. Anyone?

        • Comment by post author

          CreditCardz

          So, the experience of users have been that there is no capping on tkts booked on travel edge.

      • Comment by post author

        CreditCardz

        So, the experience of users have been that there is no capping on tkts booked on travel edge.

    • Ahmad

      Can I pay commercial utility bills (electricity) with this card and count for milestone benefit and rewards. Are there any other problems using like that

  2. Amrish

    Agree on both counts, but:
    1. By limit on voucher, I meant the daily and monthly limits hdfc has on SmartBuy. That’s not there with axis. Otherwise the 10k for amazon/ FK is same for both
    2. Agree it will make it complex and very subjective, but should keep in mind that RP < 1, difficult to put an exact value
    Anyway, all 3 are great cards. Just in my mind now the ranking is DCB<Magnus<Infinia. Best to keep Magnus + Infinia together if spends justify 🙂

    • Anupa

      Recently Axis Bank revised it’s TnC for most cards including Axis Magnus. I see that you haven’t addressed the exclusions of rent towards milestone spends. Maybe this should also be added

      As a user of the Magnus card, this does affect how my achievement of milestone spends and even annual fee reversal. So I am wondering whether to switch to Diners Black on this account.

      Your thoughts?

      Link to the revised TnC: http://axbk.in/UE9LfJjG7B3

  3. Akshay

    One should calculate based on 5 lac usage,then you will find DCB is not great anymore at all.I am still keeping this since its LTF,else would hv surrendered,no point in paying 10k for DCB now!!!

    • Comment by post author

      CreditCardz

      Hey Akshay.
      The calculator shared above is dynamic and you can change the monthly spends to around 42k to reach 5lk annual spends. Enabling you to check for yourself what level of returns you are getting on it.

  4. vaibhav89910@gmail.com

    Can’t get magnus cause of 10k fees it not for everyone obviously.. in the future like 2 to 4 year may be

  5. Shreyansh Soni

    Couple of points to add
    1. Magnus is comparatively easier to get as you just should have min 3lac credit limit on other cards on card to card basis
    2. Instead of giving value of 1rs to dcb and infinia reward points, it should be around 70ps or less as the hotel and flight prices are most of the times overpriced and you can almost anytime get 10 to 15 % discount on flights and 25% or more discount on hotel bookings

    A better option would be comparing the points redemption for amazon vouchers instead which would bring down the point value of dcb and infinia by around 30%
    This would bring at least dcb and magnus at a level and then freedom to spend anywhere for 1lac spend on magnus would give it an edge over dcb imo

    • Comment by post author

      CreditCardz

      Great inputs Shreyansh.
      My reservation against Magnus stems from the point that you need to spend 1lakh every month like a treadmill to extract value out of it.
      Unless someone is into Mfg spends or passing business expenses on personal card, this level of spend is just not possible.

      I dont run a bill of 1lk every month on all my cards put together. So for me it just doesn’t make sense.

      • Shreyansh Soni

        True
        Maybe we can term magnus as best super premium card for Non travellers (For those who travel not more than 2 3 times a year like myself 🤭)

      • ROUTRAY

        This is the reality which many people are unable to understand and realise . Another thing is reward tracking system of HDFC is far better than Axis . Many are not getting points/cashback from Axis cards on time , one has to escalate every month to get accurate points/cashback posted . This is the worst thing Axis has , products are too good to be true but in reality you lose your time and patience to get those points/cashback on accurately and on time .

        • harsh

          pno@axisbank.com should do the trick.

          • V B S ShankaraRao chekka

            Respected sir, My Ace card is permanently blocked without any information. How to get again ACE card. Please tell me

  6. Jaya

    can i buy amazon vouchers from GIFT EDGE( https://www.gyftr.com/edgerewards) with the magnus card for 5x edge rewards

    • Comment by post author

      CreditCardz

      Yes you can

      • Jaya

        I am trying to buy an amazon voucher from Gift Edge with my magnus card, however I am receiving the “Transaction Failed” message everytime. Any idea on this

        • Comment by post author

          CreditCardz

          You should check with customer care of axis bank and also edge rewards team. Edge rewards is managed by Gyftr if i am not wrong.
          Also check if you have enabled online transactions on your card.

      • Shen

        Would it give 5x Points ?

  7. Shreyansh Soni

    Hey
    I got this card around 15 days back and to my surprise the sale discounts on amazon and flipkart for axis credit cards are not getting applied on this card
    The same card discounts are getting applied on my flipkart and ace card without any issue
    I initially thought this of some technical issue but after complaining till the nodal officer i was informed today that the card discounts on merchant’s like amazon, flipkart and others won’t apply on this card as this card is excluded from those offers
    I have checked all the terms and conditions on amazon and flipkart (During the sale period) and there was only one exclusion on flipkart for flipkart axis card of 5% discount instead of 10% which is fine
    Can you please confirm whether anyone else is facing this issue or is it just some technical issue with my card?
    And if it’s true then this will be a major downside for this card!

    • Shreyansh Soni

      Update: Tried booking a flight today at makemytrip using axis’s discount code MMTWEDCREDIT
      After entering the magnus card number and clicking on continue the page shows ‘The offer is only valid on Axis Credit Cards’
      I think axis has not shared the card’s bin number with merchants either inadvertently or they just dont wanna give offers on this card

      • Comment by post author

        CreditCardz

        Hey Shreyansh i suggest that you get your card replaced. The situation you are facing seems odd.
        Would have suggested getting an addon instead, but Axis is not issuing those as of now.
        So the best thing is to place a request for card replacement and hopefully then you won’t face such issue

        • Shreyansh Soni

          I asked this issue to sid from cardexpert and he told that the problem indeed exists and they likely missed to update the visa bin numbers
          And a few other people are also facing the same issue
          Can you please check it once
          You can check it on cred as the 10x edge reward points on travel offer is ongoing there and is also not getting applied

  8. shila212

    What about 10x/20x points on Traveledge or/20x rewards on Amazon that Axis regularly runs. The reward points have no cap. With 1l spend that translates to 29% cashback in that month easily from Amazon.

    • Bhargav

      This is indeed a wonderful card.

      Does anyone has an idea about how much maximum accelerated reward points one can earn per month on axis grab deal, axis gift edge and axis travel edge?

  9. Anand

    I have both Infinia and Magnus. After spending 1 lac on Magnus per month should i switch to using Infinia for maximum benefits?

    • Comment by post author

      CreditCardz

      Hey Anand thats a decent plan and you can stick to it

      However, my 2 cents is tabulate your spends of the last 4-6 months and see where you would have earned the highest reward rate keeping in mind the monthly target of 1lac on Magnus. This way you can probably juice out another 1-1.5% reward rate on your cards.

      Let me know if you need any help with this. Will be happy to help.

  10. Varun

    Didn’t find any mention of 20paise per reward point as statement credit on their website. Can you share source ?

  11. Vin

    Well written article! I got a Magnus post your blog but later found out a limitation on this card so thought to let know you a ‘hidden’ T&C
    You’ll only receive maximum of 6000 edge reward points per transaction on this card, that means transaction limit of ₹1,00,000. This could be applicable to other Axis card too, but not sure.
    E.g. if you make a transaction of ₹1,50,000 you’ll be credited with 6000 reward points instead of 9,000.

    Made a transaction of 120K but received 6000 points instead of 7200. Raised to Axis customer care, which we know are most useless in the industry. Front-end support says you should get 7200, back-end team closes issue saying 6000 is the limit without citing any T&C.

    • SKP

      Can you please confirm if the limitation is only for total points or accelerated rewars on GV & Travel edge?

    • Sumit

      Didn’t know about this limit. Did a transaction of 3L Rs and got only 3K points, which is equivalent of a doing a transaction of 50K only.

      • Krishna

        Hey Sumit,

        I have never faced such issues. There is no Cap in term of the swipe and point you received.

        Could you shed more light on your issue.

        Technically you should be getting 18K points.

      • Gautam

        Was it a rent transaction. Reward points called to transaction value of 50K for rent and 1L for Insurance. From 5th March 23 no reward points will be paid in rental transactions plus a 1% fee will be charged as well

        • Sumit

          No it wasn’t a rent payment. It was a normal merchant payment.

  12. Sid

    Doesn’t it make sense to get it anyway since they’re giving Tata Cliq voucher/Flight ticket worth 10k as Welcome/Annual benefit? I mean net you’re paying just the GST on top of the membership charges, right?

    • Comment by post author

      CreditCardz

      Tata cliq vouchers are no longer available. Now you get only the 10k air tkt.
      Thats one way to think about it, but its just your money moving from one pocket to another. So not sure what you gain.
      However, given the continuous devaluation of DCB, the card i own. I am seriously thinking of taking this card.

      • AP

        This is not true. I got Magnus card last week and redeemed for 10k Tata Cliq voucher today.

        • Comment by post author

          CreditCardz

          Back in May. Customer care told that Tata cliq vouchers are discontinued. But they were started back again later

      • Manish Manish

        New credit card

  13. Vaidy

    Does Magnum still give points for rent payment? I heard it no longer does… I would at least like to know if it at least counts for the 1 lac bonus points per month

    • Comment by post author

      CreditCardz

      On magnus you get points for rent payment.
      Axis ace and flipkart no longer gives.

      • Abhishek Laddha

        Axis Ace never had points , it always gives cashback ( flat 2 % for all and 5% for bill payments )

  14. I think a major reason that the card doesn’t appeal to me, which hasn’t been mentioned by you, is the poor redemption options. Almost all redemptions are 1:5 ratio, except PVR; unlike Amex which gives you a higher rate for Taj and even Marriot conversions.

    • Vicki09

      But from Magnus edge portal now you can transfer your edge points to krisflyer in 5:4 ratio which is huge!! ( best card for travelers right now)

      • Comment by post author

        CreditCardz

        True. the recent updates changes the dynamics for this card.
        Now even if you dont do 1lk spends per month and do only say 50k spends, you can get 2.5% value (assuming 50p value for 1krisflyer mile). Which is every good.
        If this 50k spends has some spends on GrabDeals then your reward rate will be higher. Will update the excel working in a day or two with this.

  15. karthik

    Can one pay insurance premiums with this card? If so does it count towards i) points on the spends and ii) the 1 lac milestone reward?
    Thanks

  16. Rohit

    What about the axis bank reserve card?

  17. Anuj Bhavsar

    What’s “10,000 Monthly Bonus RPs”?

    I haven’t found anything about it

    • Comment by post author

      CreditCardz

      Its there. On Grab deals, when you select an offer, say Jockey offer. Below there is ‘Know More’ button. If you read that it says maximum 10k edge rewards points in a month.

  18. Vaibhav

    is NPS tier 1 upto 50k covered in milestone benefit

    • Comment by post author

      CreditCardz

      Found nothing specific that says NPS is included or excluded. So not aware if its included.

      May be you can try with a small amount and confirm

  19. vaibh

    Does airport greet service gives some relief from long queue

  20. vaibhavaggarwalcfaaibhav

    Have applied 2 days based on card to card basis. They will give verdict in few days. The main aim is easy diner tieup and airport greet offer and once in a while 1 monthly milestone of 1 lac

  21. harsh

    i think it makes sense to quickly get this card and spend 1 lac and get 25k points = 25k as per conversion rate . Cool 25% returns and can get u 1 day stay in premium hotels of ITC

    • Comment by post author

      CreditCardz

      If you can please explain how you arrived at 25k(25% returns) value will be helpful.
      I am not able to get that

      • Yash

        Can you tell if there are any limits to maximum points on giftedge platform?
        Because i couldn’t find any limits on giftedge faq page.

      • Shanti

        Do the spends made on addon card also qualify for rewards (both regular and milestone) ?

  22. harsh

    Kindly have the website on a better hosting platform as many times there are errors which can turn away visitors. Thank you.

  23. Harsh

    card approved in a week. Lets see how the airport meet and greet service goes at IGI

  24. Rahul

    You have mentioned that there is a 10k cap on edgerewards on traveledge but i couldn’t find any such detail. 10k cap seems to be on grabdeals. Kindly check.

  25. Hi in air asia is 1 point = 1 rs?

  26. Nikhil

    Great article, one observation – In the Excel, I feel 1 RP = 1 Rs. conversion for DCB/Infinia is a bit generous to HDFC. To make it an apple-to-apple points comparison you could use Amazon GC redemption value as a baseline. That would make Magnus score far more than even Infinia. It’s the 25k milestone RPs that really makes Magnus run away with it. How long it will last is anyone’s guess.

    I recently got both DCB and Magnus. DCB definitely feels underwhelming at this point. But in the short few (thankfully!) experiences I’ve had with Axis Bank customer support/branch staff, I can say they are at the bottom rung when it comes to customer service and issue resolution. Tried and failed to get an add-on card, but without fail they call me everyday to sell me some insurance/investment product. I told one of the senior bank managers that if you get me an add-on card I’ll considering investing 🙂

    While the rewards are a step above anything else in the market, if peace of mind is your priority or you are prone to hypertension, I’d suggest staying away from anything Axis.

    • Comment by post author

      CreditCardz

      hey Nikhil…thanks for the appreciation.

      Agree with most of points you have made. However, reason I use 1rp=1rs for HDFC cards is if I use 30p/70p value I am making hdfc handicap right at the start. Resulting in a unfair comparison
      Further, if you book hotels/flights you get 1 rupee value. Recently, I booked my hotel stay using hdfc points. the price on smartbuy site was similar to one on MMT/Goibibo etc. thus i paid only 30% by cash and rest I used my points for redemption.

      • Nikhil

        Fair enough, I see your point. Also just the fact the HDFC does a far better job of points tracking/crediting is worth a few extra points 🙂

  27. Rohit

    Fuel transaction on magnus doesn’t provide reward point, i have paid for the fuel and they have provided surcharge waiver only. They are you won’t get rewarded for the fuel expense.

  28. Sanjay

    I have an query regarding airmiles, suppose I transfer edge rewards to my spicejet airmiles membership, will I be able to book ticket only for myself or I can use those airmiles to book ticket for my family too in my login ? Sorry for this question, I am new to airmiles..

  29. in air asia will 1 reward point =1 rs?

    So 300 edge point = 240 air asia points = 240 rs ?

    • Sanjay Khurana

      Yes

    • Sanjay

      Heard some issues that axis magnus milestone benefit of 25000 rp is fake and they are not giving it to anyone ?

      Anyone got ? Pls share your experience..

    • Comment by post author

      CreditCardz

      Hey..the transfer partner is Air Asia rewards. Not Air Asia India. While I dont have much idea about Air Asia, highly unlikely that reward point will be valued at Rs.1.

  30. tan

    is wallet loading considered for monthly 1 lac spending milestone?

  31. Sanjay Khurana

    Please Consolidate

    1. Maximum Reward Points Per Transaction?
    2. Maximum Reward Points Per Month ?
    3. Maximum Reward Points Per Month on Gyftr?
    4. Maximum Reward Points Per Month on Travel edge ?
    5. Maximum 10x rewards points per Month ?

    • Sanjay Khurana

      Reply to this is pending..anyone could help atleast on 2-3-4 points ? together we will consolidate ?

  32. tanay

    whats the reward rate for croma vouchers in grab deals?

  33. Sameer Sultan

    Hi

    Useful article. Thanks.

    I am a newly enrolled Magnus card member. I received the card on 27/10/22. Since 01/11/22 I have crossed the 1lk spend. In the travel edge website I don’t see any points credited yet. When do they usually credit the points after a particular transaction ?

  34. Anush

    What do you mean by “Only wallet spends are excluded in the calculations.”?

    I thought we can still use Magnus to load up wallets (payTM, Amazonpay through gift card) and that would still be counted for milestone spending. Am I wrong?

  35. Sanjay khurana

    He is asking if he can top up through gift card like buying amazon gc from Amazon and then topping up the wallet..

    Yes Anush, you can go buying gift card, it will be considered as milestone spends..

    Pls correct me if I am wrong…

    • ANUSH

      Thanks Sanjay.

      What else does wallet spend mean?

  36. Aditya

    Hello. I have a question on insurance spends. I understand that insurance spends are capped at 6000 points for Magnus card. Is this capping per transaction or per day or per billing cycle? Please clarify.

    • Comment by post author

      CreditCardz

      Where have you read this? Can you please share the source.
      As far as i remember, there is no capping on insurance spends on magnus

      • Aditya

        I have read on twitter that Magnus has a cap of 1 Lac per transaction(which is equal to 6000 points) on insurance spends.

  37. Harsh Shah

    Hi Mate ,

    It is really nice looking at your blog here and i really like how simple you have mentioned details. I have few details to ask if you can answer.

    1) Confirming -> There is no monthly cap for reward points on travel edge for example , i will get 5X points spend on travel edge i have one flight to book which cost me RS 4 lac , so per 1 lac its 6,000 points so for 4 lac it comes around 24000 and 5x means 1,20,000 EDGE POINTS and 25,000 extra bonus point so total comes around 1,45,000 is that correct understanding ?

    2) Lets say i have got the card on 25th Nov today only , and i have used 1 lac by 30th Nov 2022 , will i eligible for both the points ? and from 1st december 2022 i will start my new spending so will get maximum use of the points.

    3) Lets say i have purchased 10x vouchers from https://www.gyftr.com/edgerewards , is there any reward capped ?

    Thank you so much in advance , Looking forward hearing from you

    • Comment by post author

      CreditCardz

      Thanks for the appreciation.
      Answer to your queries
      1. That is what few people on Twitter have mentioned that travel edge reward rate is uncapped. I haven’t booked anything till date.
      2. In your example bonus reward points will be applicable only for spends done in month of December and forward. Not for November
      3. Axis in Grabdeals portal( which is the parent site for all Axis offers) mentions a capping of 10k bonus reward points per month. So logically this will be applicable to Traveledge also.
      But seems like at the moment their systems are not fine tuned

      • Harsh Shah

        Thank you so much for your prompt revert and correct guidance , Yes i just checked their TnCs For New customers, the monthly milestone benefit will be applicable from the 1st of the upcoming month post the card issuance date.

        Let’s see how it turned out after 90-120 days , as per this logic 1 lac its 6,000 points so for 4 lac it comes around 24000 and 5x means 1,20,000 EDGE POINTS and 25,000 extra bonus point so total comes around 1,45,000 , this is good to be sooooooooooooooo soooooo true if happens its like <3

  38. Aakash Kasaundhan

    You’ve mentioned “A monthly cap of 10K points.” on Travel Edge spends. This means one will max out the rewards on booking flight tickets worth 33k. I couldn’t find any such T&C on their website. It would be helpful if you could share the link.

    • Harsh shah

      Akash I have mentioned capped of points 10,000 via Grabdeals

  39. Rohit

    If a person spends 2 lakh a month, do the points get doubled? If no, then how to maximize points for bigger spends?
    Also – does magnus count wallet load for spends and give points for that?

    • Comment by post author

      CreditCardz

      1. No. Points dont get doubled. its just 25k for over 1lk.
      2. mentioned in the post that wallet load doesn’t count.

  40. Darshan

    Hi
    i just recently qualified for the premium cards as my current card limit crossed 5L.
    Can you please suggest best card for me between Magnus and DCB below is my monthly expenditure.
    Amazon/Flipkart 30k
    dining 10k
    Movie 5k
    travel 10k
    fuel 10k
    swiggy/zomato 10k
    utility bills 10k
    other small expenses 10k
    so around 90k~1L is my monthly spend on credit card
    i only travel once or twice in year that too Domestic.
    Please help me to chose between magnus and DCB.
    Thanks in advance.

    • Nitin Prajapati

      Go for magnus card

    • Harsh Shah

      Magnus without any doubt.

  41. Amit

    Thanks for this wonderful and crisp summary of the features of the card. Especially your clarifications to a plethora of queries is really helpful. having scores of premium cards, I think this is undoubtedly the best card at least in India as of now (close compete would be SBI cashback card). I had a few queries:

    a) In the calculation table you have mentioned 10,000 annual benefit and considered annual fee of 10k+GST. My sense is they will waive annual fees on spending Rs 15 lacs. So will annual benefit of voucher be given on not spending 15 lacs (and annual fee charged)?

    b) I am confused if fuel and gold purchase will be given the base reward points and milestone reward points as there have been diverse comments on web. Do you have any clarity on same?

    c) My magnus card has been approved on 28th November and will be received by 2nd december. Will my Dec spend qualify for the milestone benefit?

    Thanks again and look forward for your insights

    • Comment by post author

      CreditCardz

      1. Yes. if you are charged a 10k annual fee then you are getting 10k vouchers for sure. I am not clear as to what happens if you spend 15lk+ and annual fee is waived
      2. The T&Cs mention that wallet load is excluded from bonus calc. Which means all other expenses are included. Fuel i believe doesn’t give base rewards but is counted towards a monthly bonus.
      3. on the card, the date of issue will matter. If your card has an issue date as 11/22 then December spends will qualify for a monthly bonus

      • Amit

        Thanks for your inputs. I just had a long call with axis premium customer care over phone and key takeaways (based on what she told) are:
        1) 10,000 annual benefit in form of voucher will be still given even if annual fees is waived due to spend > 15 lacs
        2) Fuel not eligible for base reward or milestone reward (only surcharge waiver)
        3) Grocery spend can be max 10k per transaction
        4) Jewellery/gold eligible for base + milestone rewards but will be subjected to interest charge from day one (looks strange. others please confirm)
        5) Insurance premium base rewards maximum 6,000 pts

        • Comment by post author

          CreditCardz

          Wow. For pts 2-4 did you ask them where its mentioned on Axis website? Becomes easier to refer in future.

        • vaibhav

          how can they put interest charge from day 1 of purchase on gold?

  42. Harsh Middha

    is there any cap on gift edge portal for magnus card? Can I buy 1lakh worth of reliance digital or some 5x category voucher? If there is no cap then it will give 55k rewards points !! Too good to be true

  43. Vaibhav

    Is 1 lac monthly as per 1 to 31 or as per statement date ?

  44. Krishna

    Hey Was going through the article. Quite a detailed review there. Two, I wanted to know a couple of things:

    1) There is no where mentioned that there would be capping of 10,000 points on travel edge.
    2) As for giftedge there is no capping which is clearly mentioned on their website also.

    Would be great if you could shed more light on the above points.

    • Aditya Parakh

      Hello,

      Thanks for the Informative post.

      Can we make income tax payments via Magnus or Infinia ? (Annual spend by me : 6L+)
      Can we make school fees payment via either ?
      (Annual spend by me : 3L+)
      Electric Bill at Factory ?

      Do the flights/tickets booked have to be in card holder name , or they can be used for family and friends?

      Do these airmiles / hotel points expire ?
      I can convert to Marriot (has hotel in every major city of the world); and use whenever.

      Airmiles/ Hotel points have to be redeemed by cardholder for self stay or family members can use ?

      Are the hotel / flight rates via Magnus as competitive to MMT / Direct Airline website etc

      I have around >25L ITR prev 2 years (existing Regalia 8L)
      Will I be eligible for Infinia ? Magnus looks very sweet for Travel usage. How to negotiate LTF ?

      I am new to using credit cards efficiently. Was a casual user of Regalia/ NetBanking person hitherto.
      In simple terms : if I spend 1L in a month , I get approx 25k reward points which are worth 20k airmiles ~ 20k Marriot / ITC / Other Airline Indian Rupees worth.
      Effectively a 20% discount on my 1L spent. Too good.
      If this 5:4 or 1L pe 25k bonus points goes away then ? Do they revise frequently?

      Would appreciate and be thankful for the right guidance here.

    • Comment by post author

      CreditCardz

      Hey..
      I have updated the article with latest updates regarding reward points. you may want to have a look.

  45. bikash

    is there any capping on gyftr.com? there is a capping on grabdeal and its mentioned but nothing is mentioned for travel edge booking ..and in gyftr terms and condition its written that there is no capping…but when i called customer care they said max voucher i can purchase is of 50k..

    • Comment by post author

      CreditCardz

      Have updated the article with whatever latest info I have. Hope you find that useful

      • krishna

        Thanks I will check it

      • Krishna

        Thanks for the updates. Even I mailed Axis customer care and I got it in writing that their is no Cap on Travel edge or Gyftr. Had a word with Gyftr customer care. There is a cap on the amount of voucher one can purchase from brand to brand.

  46. International lounge to only primary holder , the card already lost there compared to infinia. I can consider both together since I can fulfil both spend criteria. How about paying for this each year?

    • Comment by post author

      CreditCardz

      You can do that for sure. Further, if you are into airmiles and hotel loyalty, then I may recommend that you get 2 Magnus. One for yourself and one for your spouse. Miles accumulation will be far higher than magnus+infinia combo.

  47. Sanjay Khurana

    Till when I should expect milestone benefit of 25000 to be credited for the milestone achivement of the month of Nov-2022.. As per axis it’s 90-120 days from end of month, however I wish to know from personal experiences of users who got ?
    Anyone got ?

    • Comment by post author

      CreditCardz

      It takes 90 days.
      September milestone bonus was credited in December for all. By that metrics, November milestone will come in Feb 2023.

      • Sanjay

        Thanks for the prompt response..

  48. Saurabh Anand

    Would you recommend Axis Magnus or Axis Vistara Infinite? Which gives a better rounder reward rates? I am of the kind that can’t keep track of each spend categories etc. So if a card gives 3% RR vs 4.5 RR based on threshold etc. I’ll prowgo for the 3% one.

  49. bhupendra Basera

    Hi Thanks a lot for your detail comparison . I have Infinia and Magnus. Can you please let me know while transferring to Miles which is best conversion i.e. can i get 1:1 ratio if not which once is best- Vistara conversion is coming to aprox .46% which is also better when i compare it to Magnus conversion which is 0.2% . to me Airline looks best value and wanted your advise.
    for example -I checked on ITC it says 1 green point is INR 1.

  50. Vikas

    Hello, thnx for the detailed info on Magnus CC. I would like to understand how the monthly spend of 1L for 25K bonus points is calculated? Is this based on full month spend or from Card statement date?

  51. vaibhav

    I am not able to buy amazon pay voucher of Rs 10000 on axis edge. Are you guys able to buy. I can buy all other vouchers

  52. vaibhav

    is there any cashback referral side like cashkaro to get cashback for buying gold coins from amazon

  53. Anshuman

    Not able to edit the calculator

    • Comment by post author

      CreditCardz

      What you mean by edit?
      You just need to enter the spends in yellow coloured columns

      • Sabarish

        yes, But its not editable in this post. Can you check the same ?

  54. vaibhav

    Friends – How can we track grab deal transactions ? It is easy to track axis edge transaction by logging into edge account. But cant find this option for grab deal?

  55. manas

    If I link my HDFC infinia credit card to Google-pay, and pay for govt transactions, will I get reward points? or will I atleast bypass the additional credit card gateway fees?

  56. rohit

    I have an Axis Vistara Infinite card. Is there a quicker way to get Magnus basis existing card?

    • Sanjay Khurana

      Call customer care..they will upgrade the card, the limit will be shared with existing vistara and same will continue operations too..

      The only condition is you can’t have more than three axis credit cards at a time..three are allowed..

  57. manas

    I need to pay 30-40L advance tax in March.
    For this tax payment- Magnus and Vistara infinite are the best cards? right?

  58. Sanjay Khurana

    Anyone or Admin received milestone benefit for the month of Oct-22 till date ? Please confirm date of receipt

  59. Rakesh

    I am bit apprehensive on the 10K Tataclick vouchers as are these ben given every year once you have done the annual fee payment ?

    also , is it to be understood that one get benefit of INR 5000 vouchers for spending min.1Lakh every month ?

  60. JabWeFret

    An informative & elaborate article. Have read several reviews and this one stands apart. Your personal efforts to respond to most of the queries is also great.
    Few Points :
    1. Renewal benefit is mostly on payment of annual fees. In case of Infinia also 10000/12500 points are credited only if fees is paid. In case of waiver nothing is credited as these points are usually for reimbursement of fees.
    2. Bookmyshow benefit : IDFC Wealth Paytm offer allows 2+2 ticket booking but max benefit is 1000. Axis Magnus gives 5 times.
    3. Any idea does it really work on Payzapp for anyone? CVV gets validated post OTP hence getting rejected but for same logic working for ACE card. Any solution?

    • Comment by post author

      CreditCardz

      Afaik you get renewal benefits even if you achieve fee waiver clause.
      On payzapp, for some reason my magnus is not accepted.

  61. Outstanding Information About Forex trael Card

  62. vaibhav

    The meet and greet service is just wonderful and make airport travel a breeze. This is something difficult to value. Wish more cards provides this service

  63. SS

    I currently have DCB which is LTF. Confused between upgrading to Infinia or applying for Magnus. Main use of points in the past has been for domestic travel. While Vistara is a partner for both, not sure how good are the other transfer partners under Magnus for domestic travel. Also, for travel to Europe, US and South East Asia which transfer partner under Magnus can be used? I see merit in no caps for now on Magnus on transfer and redemption but not sure which card to go for! Would appreciate your views on it

    • krishna

      Axis is the only card you would need until their point transfer offer is on.

  64. Anoop Vinod Kumar

    Can I use magnus for personal loan emi payments ? And will this give reward points ? Or be counted towards milestone benefit?

  65. Vignesh

    Is the 25K bonus rewards for 1lac spend on calender month or statement duration?

    • Om Gupta

      Calender month

  66. Neel

    So I was able to get add on for my Axis Magnus by applying at branch. However, one thing that really surprised me is that any spends on Add On card would not be counted towards the monthly 1 lakh – 25K Bonus Edge Points quota. Only spends on primary card would be eligible.

  67. Urmish Jariwala

    I asked executives at Axis Bank branch about Magnus they said eligibility is 18L+ ITR which i have but from computation they say only 20% of your salary part is counted and capital gains not considered so you won’t be eligible for magnus and apply for a lower card and 3 months later we’ll upgrade. Now is there a guarantee that they’ll upgrade ?
    I already have DCB and going to be upgraded to Infinia but 4L+ bonvoy points in a year is what I’m looking for.
    Please advise.

    • Krishna

      As you already hold DCB I am assuming that your credit limit would be 6 lacs plus. In that scenario you don’t need to do anything. You can apply to their airport desk without giving income documents. They do it on card to card basis. I have got it myself that way only.

  68. Aay Bee

    The party has ended. Axis Bank just released revised terms for its cards, including Magnus, which specify that rent payments will not be counted towards Milestone benefits – anyone have any bright ideas of how to work around this – is there a way to transfer payments to landlord using credit card (without the Merchant Category Code showing rental payment)?

  69. sabarish

    One trivial question, are emi transactions also considered in milestone. Ex., (30k – split as 10k for 3 months) will this be added as 30k in the milestone ?

  70. vaibhav

    anyone using bharatnxt app to transfer money to other bank accounts to hit magnus milestone?

  71. The Ket

    Had a weird experience getting this card. Clicked the link above to apply, which was seamless (I am an existing customer having 2 SB accounts and an Axis Select card). ID and address (residence + office) verification by 2 different men was promptly carried out within 3 days. Then the long wait showing “checking eligibility” for over 2 weeks in the online tracking. Called Support and was told in broken English that I “am not allowed this card”. No reason given! Had the presence of mind to ask if my Select card can be upgraded to Magnus. Upon checking he affirmed, and I went ahead. Due to his incompetence, I abandoned the call while checking for upgrading the add-on card. Card delivered within 4 days, and to my pleasant surprise, add-on card in 2 more days. After receiving the card, received an email that my first direct application was declined :))

    • Krishna

      Axis bank customer care is really poor. They have no idea what they talk about.

  72. The Ket

    How many points do I get for Amazon vouchers on Grabdeals? I know there a multiplier for DCB on Smartbuy but it’s not clear here.

  73. Hi! Very useful and detailed article. And the same applies to the q&a in the comments. Very nice. I wanted to check if spends on mcc codes under govt / education / utilities are considered for reward points and for milestone benefits. Any idea? And for Axis Vistara Infinite? Thanks in advance.

  74. Luthra

    Don’t take this Magnus card. They have put a lot of misleading information.

    #1 – you cannot login to Travel Edge website if you don’t have a savings account also with Axis. This is not written in terms anywhere.

    #2 – Travel Edge is a reference only website 1 you can book using that. You will have to do what was done in 1990’s. One has to email the concierge desk with your travel requirement and then they will recommend options. After multiple back and forth you can finalise the ticket. This will take multiple days to book a ticket.

    #3 – the login credentials are different for your Axis card and Travel Edge website. It’s not a seamless experience

    If you are not particular about Travel bookings, then it’s fine to go ahead with this card. This is not for a frequent traveler.

    • Comment by post author

      CreditCardz

      Mate…all the three points are wrong.
      I dont have axis bank account, have used travel edge on my own without any assistance and
      Login is seamless thru grab deals.

      • Luthra

        Thanks for your comment.

        None of this is my opinion. This is as per Axis Bank’s customer service associate. Since we the login to NetBanking works and Travel Edge doesn’t – in my specific case what the associate mentioned seems to be right.

        I was specifically asked to email only with details of when I want to travel and then few options will be provided

        • krishna

          Hey Friend, I don’t know who was their customer care executive and what was he high on while giving you this information.

          All the three points are incorrect.

          In fact, I booked a flight at travel edge yesterday and I just logged in using my customer Id and password. I don’t have a saving account either.

          PS. You can record their call and share the recording on mail to their nodal and principal nodal officer and then if you don’t feel satisfied, then you can go ahead and file a complaint at RBI for giving misleading information by an AXIS bank Representative.

  75. Syed

    Hi

    HDFC is better then Axis Credit Card. I’m using Axis Credit Card since 1 year but It’s not worth when your comparing with HDFC.

    Everything is better with HDFC points limits spends Everything 👍

  76. krishna

    Hi, Could someone guide me through. How could I put my points to best use.

    I have 70,000 points roughly in my account.

    I have already transferred roughly 65,000 in the past to vistara and didn’t use it much as most of my plans are last minute and the rewards flight not available.

    Could someone tell me where could I transfer my 70K points.

    I don’t want to keep points in my Axis account. As one never knows when they might change their mile transfer ratio. Which could devalue all these points.

    Any and all suggestions are most welcome.

    • Comment by post author

      CreditCardz

      If you are keen on airmiles only, then evaluate United miles. They dont expire. But how and when to use those points, you will need to figure that out

      • krishna

        Hi, I really appreciate your reply. I am looking for best value for money. Usually the airline mile or hotel point is equals to .8 to 1 Rs. If there are options which could be used and have more value for money, I don’t mind going for that.

        As for United airlines their process of booking a reward flight is not as transparent as it is in Vistara.

        Thanks,

  77. Maninder

    Hi

    Does fuel spends and Insurance spends come under ,monthly 1 lac spend for the 25000 bonus. what are the exclusions that dont count towards monthly target of 1 lac

  78. SMS

    Question regarding the 5X bonus points for spends on Travel Edge.

    I have been told that the bonus points take a long time to post. If you use the card to book a ticket on Travel Edge then the regular points for that spend post within a week but the bonus points can take 90-120 days. Is that true?

    • Comment by post author

      CreditCardz

      Travel Edge bonus pts come in 15-30days

      • SMS

        I have used Travel Edge 3 times since I got the card. The first transaction was in December while the other 2 were in January. The regular points for those spends posted within a few days but there have been no bonus points awarded even though it has been well over 30 days since all 3 transactions. When I called to follow up I was told I need to wait at least 120 days.

  79. CardQuery

    Quick question, does the card fee paid, 11k approx qualify for milestone spend that month?

  80. Neel

    For Magnus card, I recollect we used to get upto 10X rewards points for buying vouchers. I no longer see that and Instant Vouchers takes me to:
    https://grabdealsaxisbank.woohoo.in/

  81. hrishikesh

    i have one question about monthly 1L spends.if we purchase something on emi then how its calculated?say if I purchase something for 50k and convert in to 10 instalments.so will it be counted as 50k or in subsequent months as 5k instalments

    • Comment by post author

      CreditCardz

      its very ambiguous with Axis. no clear mention as to what happens with EMIs.
      Better to assume its not counted.

  82. Avnish Burman

    Hi

  83. Avnish Burman

    Hi
    Thanks for your detailed article and analysis.
    I have just one doubt – at one place you have mentioned that the reward points are capped at 10k when air tickets are booked through travel edge. And later you have said that there is no limit to earning points via travel edge. Can you please clarify?

    I am looking to book tickets for US which are worth rs 4lc. Does that mean i will earn 120000 points if booked via travel edge (12/200*400000*5(x))?

  84. Harish Biyani

    For redemption of Edge points on travel portal, while there is no 70% cap like Infinia/DCB, what is the value of 1 point to book a flight or hotel for Axis Magnus?

  85. Kiran Patel

    Is there a minimum spend to be eligible for reward point – saw 200/- on the review.

  86. Kunal

    Do we get milestone edge points on Educational spends on Magnus?

    • Comment by post author

      CreditCardz

      As of now yes

      • Karan

        Hello how have you assumee 5 x reward rate? That is wrong. Conversion to miles is 5:4 so 89000 will become 60000

  87. Radha

    I did not understand how you arrived at Airmiles of 366720 from RP 91680 in your illustrated calculation?
    Considering the conversion ratio is 5:4, shouldn’t the airmiles value be 73344, which is actually less than that of Infinia (which is 1:1, so the airmiles value will be 91680) ??
    Please let me know if I am missing something.

    • Radha

      Sorry, please ignore earlier comment! I was checking the wrong boxes. My bad. Thanks for the post though 🙂

  88. Vishal

    Hi

    Does Insurance spends come under ,monthly 1 lac spend for the 25000 bonus.

  89. I am doing a calculation.
    I buy Reliance Digital Gift Cards for ₹249900 as I want to buy a MacBook Pro.
    I will also get the 5X RP mean of 75000 RP
    So basically I will get 75000RP*0.8*1.8=108000 worth in ACCOR.
    This means my MacBook Pro will cost me Rs.250000-108000=Rs.142000/-

    Am I right on the calculation?

    • Comment by post author

      CreditCardz

      Theoretically yes.

      But i doubt you will be able to buy 2.5lk vouchers at one go and also check before hand if Reliance will accept so many GVs for one order.

      • Suraj Sharma

        There have stock of 10k Reliance Digital Gift Cards so I have to buy 25 numbers of Gift Cards each valur of 10k INR. As per terms I see they accept multiple Vouchers but 25 also looks some funny.

        • Comment by post author

          CreditCardz

          All I would suggest is better call and confirm with the specific store before buying vouchers.
          Also there may be limit on number of vouchers and amount on Giftedge, check with customer care.
          Please share here how it goes, will be a leaning for everyone

          • piyush

            Why it’s 0.8*1.8 in calculation?

    • Krishna

      Bro, As far as I know you can’t buy vouchers of more than 50K in value for a specific brand. If you can let me know even I wanted to buy vouchers of 1 Lac for Vijay sales.

      • cardmantri

        Do you have any links of that T&C ?

        • krishna

          I have it in in a mail from Gyftr.

          I mostly take everything on a mail to make sure that later if something goes wrong. I have it in writing.

  90. The Monthly Cap of 10K is on Grab Deals and NOT on Travel Edge.

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