MAGNUS Burgundy for those who are not into Big Spending ?

A Background Story (that happened).

I am an axis bank savings (burgundy) account holder since past 3 years. Initially had a couple of basic cards like Axis Ace , MyZone and Axis Flipkart with a low combined limit of 1.5 Lakhs ; and i was content with it as i was not an avid credit card user.

While the limits on my Axis cards were stagnant , ICICI was actually quite “Dil Se Open ” to me and gave me a generous Limit Enhancement from 3.2 Lakhs to 5.1 Lakhs in December 2022. This alone made me eligible to apply for Magnus Card on card for card basis.

My Burgundy status and RM were quite happy to put it forth and Axis approved it with flying colours. They matched the limit of 5.1 Lakhs on my Magnus.

I Got Axis Magnus First Year Free (with 10,000 Tata Cliq Vouchers) in Jan 2023 , and it really felt like a Double Bonus.

So i Started using the card since Feb 2023 , and used it well till August 2023 until its devaluation, that is 7 months of 25K Magnus milestones. This went out to be 30000×7=210000 ER Points = 168000 Air Vistara Miles .

This is as Good as A Rupee for a Mile. So the total benefits that i got out of a Free Credit Card was 168000+10000= Rs 1.78 Lakhs !!

But ! after the Magnus Card was devalued , it didn’t made any sense to keep it as i have to pay for the renewal fee in Jan 2024 without getting any benefits.

Then again , as the fate had in store for me , Axis came up with Magnus For Burgundy. A LTF card for burgundy customers with reduced benefits but sitll having 5:4 points to miles transfer ratio.

I was pre approved and my Magnus was upgraded to LTF Magnus Burgundy , thus i escaped paying renewal fee for Magnus (again !)

But !! The problem is , although i was able to spend well all those 170000 Vistara Miles , without those Juicy 25000 points a month milestone , using Magnus for a spend of below 2 Lakhs a month does not look worthwhile right now.

So , if you are like me who don’t have that kind of spends and do not like to manufacture spends , Magnus Burgundy may not find a permanent spot in your wallet.

But , since it is a Premium card that is LTF and comes with so many added perks , One can and should use it at places where it gives EXTRA Accelerated Rewards.

Here are some points about the Burgundy Magnus that , if you Keep in mind , will serve you well. You can also use to for those month of year where you are sure to reach 2 Lakh worth of spends.

 

Perks of keeping LTF Magnus Burgundy.

Earn 12 base EDGE Reward Points per Rs. 200 on spends up to Rs. 1.50 Lakhs and earn 35 accelerated EDGE Reward Points per Rs. 200 on incremental spends above Rs. 1.50 lakhs in a calendar month.

Eligible Spends = [Total Spends in a calendar month – Rs. 1.50 lakhs – Spends on Exclusion list (ref point 4.) – Spends on Travel Edge up to Rs. 2 Lakhs – Rental Payments (incremental spends above Rs. 50,000)] * [23 EDGE Reward Points/Rs.200]

Accelerated Edge Reward Points criteria:

  1.  Other Axis Bank Accelerated Program like 5X EDGE Rewards on Travel EDGE and upto 5X multiplier EDGE reward points on spending on Grab Deals and GYFTR will be calculated on Base EDGE Reward points i.e. 12 Edge Reward points per Rs. 200 eligible spends.
  2. Spends upto Rs. 2 Lakhs on Travel EDGE and spends on Grab Deals, GYFTR will not be calculated for Total Eligible Spends.
  3. Spends on rental/Real Estate transactions of upto Rs. 50,000 in a calendar month will be considered for Total Eligible Spends. Any amount over and above Rs. 50,000 in a calendar month will not be considered in calculation of Total Eligible Spends

Added Benefits of keeping a LTF Magnus Burgundy Credit Card

Travel and Stay

  • Welcome Annual Benefit: not applicable for LTF upgrade from magnus to magnus burgundy.
  • Airport Concierge Service: Get eight complimentary end to end VIP services at the airport
  • International Lounge Access: Get unlimited complimentary international lounge visits as well as eight additional guest visits each year with the Priority Pass card.

Lifestyle and Entertainment

  • BookMyShow Benefits: BOGO Upto Rs.500 / Purchase one movie or non movie ticket and receive up to Rs.500 discount on the second ticket. Upto 5 times in a month
  • Dining Delights: Get up to 40% discounts at more than 4,000 restaurants across the country
  • Extraordinary Weekends: Customized experiences globally with extraordinary weekends

Health and Wellness

  • Medical Concierge Program: Virtual health assistance such as tele consultation, home quarantine programs, health coaching, personalized oncology care, and more
  • Second Medical Opinion: Get medical opinion from experts from a group of world class specialists at leading institutions.
  • Preventive Healthcare: Benefit from special preventive healthcare packages and a wide range of privileges with SRL diagnostics, Dr. Lal PathLab and Metropolis
  • Global Travel and Medical Assistance: Cardholders can travel safely with inoculation and visa requirements details, emergency evacuation, and legal and medical service referrals.

Usage Scenarios for Magnus Burgundy.

How to spend less and Get more value out of Magnus Burgundy ?

What are your thoughts ?