Axis magnus credit card Feedback

From march they dont count wallet spends for milestone benefits.  The reward rate is 1.2% if you dont spend 1l per month, if you cross it, then it becomes 6.2% for amazon gift card redemption(5 point for 1rs). You can also get 24.8% if redeemed as miles on intermiles, krisflyer etc (5 points for 4 miles)

legend101 wrote:

From march they dont count wallet spends for milestone benefits.  The reward rate is 1.2% if you dont spend 1l per month, if you cross it, then it becomes 6.2% for amazon gift card redemption(5 point for 1rs). You can also get 24.8% if redeemed as miles on intermiles, krisflyer etc (5 points for 4 miles)

Thanks this really helps. Do they have any reward program to buy amazon pay GV as HDFC have Smartbuy? if yes, what is reward ratio.  When u said 24.8% reward ration, it means on spending 1 lakh , we get flight benefit worth 24.8? Is understanding correct?

Desidimer88 wrote:
Thanks this really helps. Do they have any reward program to buy amazon pay GV as HDFC have Smartbuy? if yes, what is reward ratio.  When u said 24.8% reward ration, it means on spending 1 lakh , we get flight benefit worth 24.8? Is understanding correct?

Yes, they have. GiftEdge portal like smartbuy. 10k capping for Amzon Pay GV & 50k for amazon shopping voucher. There was a bug, in January month I got a option to purchase 50k amazon pay gv instead of 10k capping but gyftr blocked my account later. Don't know will they give any accelerated points or count Jan month Milestone. So don't cross the limit of amazon pay gv capping of 10k. Later they will block your account and card number on their giftedge portal.

semcularbaaz_kitepetals wrote:

Yes, they have. GiftEdge portal like smartbuy. 10k capping for Amzon Pay GV & 50k for amazon shopping voucher. There was a bug, in January month I got a option to purchase 50k amazon pay gv instead of 10k capping but gyftr blocked my account later. Don't know will they give any accelerated points or count Jan month Milestone. So don't cross the limit of amazon pay gv capping of 10k. Later they will block your account and card number on their giftedge portal.

Thanks for sharing. What is the reward ration on amazon pay and amzon gv? On spending 1 lakh , we get flight benefit worth 24.8? Is understanding correct?

Desidimer88 wrote:
Thanks for sharing. What is the reward ration on amazon pay and amzon gv? On spending 1 lakh , we get flight benefit worth 24.8? Is understanding correct?

Yup.. you will get 24.8k miles on spending of 1l. But remember rent payments, wallet load and insurance payment will not count in 1l milestone spending.

What is the reward ration on amazon pay and amzon gv?

Desidimer88 wrote:

What is the reward ration on amazon pay and amzon gv?

5pts is 1rs for all GVs

prem4998 wrote:

5pts is 1rs for all GVs

Thanks for pitching but how will it look in terms of %age? Suppose i buy only 10k Amazon pay GV every month. What will be the net savings on spending 1 lakh in 10 months? Assuming i will use reward points for flight.

Desidimer88 wrote:
Thanks for pitching but how will it look in terms of %age? Suppose i buy only 10k Amazon pay GV every month. What will be the net savings on spending 1 lakh in 10 months? Assuming i will use reward points for flight.

For a month of spending 1L

Buy 10k Amzn Gv on Giftedge - 1200 accelerated pts after 90 days

Normal points - 6000

Milestone points - 25000

So total you will get 32200 points

With this you can get a value back of 10 to 30% or even more depending upon multiple factors. There is no fixed reward rate when it comes to airmiles. It depends on transfer partner, ratio, fare class, peak season, etc

U can comfortably get a return Eco ticket to almost any route within India with this points.

Desidimer88 wrote:
Thanks for pitching but how will it look in terms of %age? Suppose i buy only 10k Amazon pay GV every month. What will be the net savings on spending 1 lakh in 10 months? Assuming i will use reward points for flight.

For just 10k Amzn gv for 10 months via giftedge. Total 18000 points u will get. For airmiles value it stands at 8k to 16k or more.

prem4998 wrote:

For a month of spending 1L

Buy 10k Amzn Gv on Giftedge - 1200 accelerated pts after 90 days

Normal points - 6000

Milestone points - 25000

So total you will get 32200 points

With this you can get a value back of 10 to 30% or even more depending upon multiple factors. There is no fixed reward rate when it comes to airmiles. It depends on transfer partner, ratio, fare class, peak season, etc

U can comfortably get a return Eco ticket to almost any route within India with this points.

Thankyou very much for the details but i believe there is a limit of 50k Amazon gv and 10 k Amazon pay per month.

prem4998 wrote:

5pts is 1rs for all GVs

Instead of redeeming one RP for 20 paise thru GVs, is there any option to sell the RPs to the needy frequent flyer at a better value??

Desidimer88 wrote:
Thankyou very much for the details but i believe there is a limit of 50k Amazon gv and 10 k Amazon pay per month.

Yes

Scorpion wrote:
Instead of redeeming one RP for 20 paise thru GVs, is there any option to sell the RPs to the needy frequent flyer at a better value??

With my limited knowledge, I don't think all FFP programs support that. Some airlines have that option to book for others by adding them as nominees under you. Not an expert in that area.

Desidimer88 wrote:
Thankyou very much for the details but i believe there is a limit of 50k Amazon gv and 10 k Amazon pay per month.

Limits in Gifredge portal:

• A customer (registered mobile number) can buy a maximum of Rs. 10,000 worth of Amazon Pay Gift Cards in a calendar month.
• A customer (registered mobile number) can buy a maximum of Rs. 50,000 worth of Amazon Shopping Vouchers in a calendar month.
• A customer (registered mobile number) can buy a maximum of Rs. 10,000 worth of Flipkart Gift Cards in a calendar month.
• A customer (registered mobile number) can buy a maximum of Rs. 20,000 worth of TATA CLiQ Gift Vouchers in a calendar month.

Limits in GD:

Overall 25000 worth gvs can be bought.

Amazon Pay gv purchase limit is 5000

Total 1000 CB limit per month.

Scorpion wrote:
Limits in Gifredge portal:

• A customer (registered mobile number) can buy a maximum of Rs. 10,000 worth of Amazon Pay Gift Cards in a calendar month.
• A customer (registered mobile number) can buy a maximum of Rs. 50,000 worth of Amazon Shopping Vouchers in a calendar month.
• A customer (registered mobile number) can buy a maximum of Rs. 10,000 worth of Flipkart Gift Cards in a calendar month.
• A customer (registered mobile number) can buy a maximum of Rs. 20,000 worth of TATA CLiQ Gift Vouchers in a calendar month.

Limits in GD:
Over all 25000 woth gvs can be bought.
Amazon Pay gv purchase limit is 5000
Total 1000 CB limit per month.

So effectively 1 lakh can be spend only by means of GD and Gifredge portal itself.
1. What is GD? 
2. Insurance payment are counted for monthly 1 lakh / yearly 15 lacs targets? 

Desidimer88 wrote:
So effectively 1 lakh can be spend only by means of GD and Gifredge portal itself.
1. What is GD? 
2. Insurance payment are counted for monthly 1 lakh / yearly 15 lacs targets? 

GD is grabdeal portal of axis & you missed "25k overall limit for GV purchase". Already you were told above that wallet/rent/insurance don't count for milestone.

Desidimer88 wrote:
So effectively 1 lakh can be spend only by means of GD and Gifredge portal itself.
1. What is GD? 
2. Insurance payment are counted for monthly 1 lakh / yearly 15 lacs targets? 

Regarding GD, sent u DM.

Not sure on Insurance part, i will use amazon pay exclusively for Insurance and utility payments.

In gift edge, current Multipliers for the above mentioned gvs as below

Amazon Pay - 3X

Flipkart - 5X

Amazon Shopping - 5X

TataCliQ - 5X

Scorpion wrote:

Regarding GD, sent u DM.

Not sure on Insurance part, i will use amazon pay exclusively for Insurance and utility payments.

In gift edge, current Multipliers for the above mentioned gvs as below

Amazon Pay - 3X

Flipkart - 5X

Amazon Shopping - 5X

TataCliQ - 5X

Thanks for help. matters a lot!!

prem4998 wrote:
With my limited knowledge, I don't think all FFP programs support that. Some airlines have that option to book for others by adding them as nominees under you. Not an expert in that area.

If u come across any such Contact, pls inform if possible. Many Thanks.

Scorpion wrote:
If u come across any such Contact, pls inform if possible. Many Thanks.

yeah definitely

Gifredge portas and GD - Any benefits of these portals for Axis my Zone / Airtel/ Indian oil card holders?

Does Magnus show up as a seperate credit account in CIBIL if one is already holding another non-co-branded card like say Privilege/MyZone/Select etc ?

BlueFlash wrote:

Does Magnus show up as a seperate credit account in CIBIL if one is already holding another non-co-branded card like say Privilege/MyZone/Select etc ?

Yes