Hot Deal

Got Axis Magnus cc approved, how do I loot it?

1943°
Deal Newbie
Im_rahul

Hey dimmers,
Finally I got my 4th axis credit card approved, magnus axis credit card. So If I spend more than 1L in a month I get ~6%cb.
My dad does alot of cash transaction to purchase raw materials required for the company (but the seller doesn’t accept cc, only cash and bank transfer). So can I withdraw cash from ATM (0% charge on cash withdrawal) and make the payment on cc on the same day(so no interest)
Would this count towards monthly spents?

If you guys are aware of other ways do let me know.

TIA

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146 Comments  |  
51 Dimers
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Benevolent Benevolent
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Can you please run me through the application and approval process?

I checked on their website and seen it in approved list, so went ahead and applied. It’s been 6 days but no contact made so far.  

Would it be any better if I drive down to One or their branches? In the past, all my axis applications for ace and fk card have been rejected somehow. Seems like they have a bad opinion on my account smile

Deal Newbie Deal Newbie
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I applied through their website, to see the status of my cc I mailed to their customer care and they said it’s approved and would reach me in 10working days

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Deal Cadet Deal Cadet
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99% of the time , atm withdrawals are not counted towards milestone/reward points

Deal Newbie Deal Newbie
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Oh, this is sad.

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Finance Ninja Finance Ninja
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Burgundy customer ho kya? Kitne crore rakhe ho account me jo 4th cc mil gaya sweat_smile

Deal Newbie Deal Newbie
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Nahi bhai, normal user with 10k MAB
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Deal Cadet Deal Cadet
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hi I hv hdfc credit card limit of 3lakh is it possible to apply card to card basis pls tel me

Critic Critic
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Not unless you forgot to type zero after 3.

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Deal Captain Deal Captain
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Another dimmer here with his query. When do people stop calling dimers dimmers sweat_smile

Finance Ninja Finance Ninja
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A few days ago saw a truck with "use diaper at night" instead of "dipper"
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Deal Cadet Deal Cadet
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it is not 6.25% cashback literally and those extra points will be credited after 90 days . It’s main feature is unlimited lounge access.

Deal Newbie Deal Newbie
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Hmm I guess we can even bring max of 8 guests right?

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Critic Critic
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@Ramta_Jogi

Deal Cadet Deal Cadet
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First year free? @Im_rahul

Deal Newbie Deal Newbie
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I don’t think so, but I would get tata cliq vouchers worth 10k so kinda free

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Deal Cadet Deal Cadet
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anyone applied card to card basis and approved?

Deal Newbie Deal Newbie
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Also they didn’t take any of my document, no aadhar, pan nor income. But I do have salary account in axis bank. And had to give my customer Id

Helpful Helpful
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Just Approved or already received a card ??? I got approved too for 4th card and got a cancellation message after 2,3 days saying approved by mistake.
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Deal Subedar Deal Subedar
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can’t you pay 2-3% extra to those vendor for accepting cards and you keep the remaining reward?

Deal Cadet Deal Cadet
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I applied for 4th axis cc they rejected telling Axis policy is only 3 credit card per customer …

Deal Lieutenant Deal Lieutenant
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i also got it approved, but no msgs yet for dispatch. any idea when it will be dispatched?

Critic Critic
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You applied on card-on-card basis of infinia?

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Tech Guru Tech Guru
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Magnus is really attractive card when it seems it gives 5% discount. But when one realises that he has to spend 1L+ per month to get that sweet 5%, the attraction vanishes.

For rare cases like OP where he has a easy chance of getting out cash and using for dad, this might be helpful for the 5% benefit. But I just hope the taxman looks lightly on this. As per records the taxman will just see CC spends of 12L , even at a handsome salary of 20L, this might be quite high and if other cc spends are also there, some answers might be needed.

Have been eyeing Magnus for quite some months, it’s easily available too, but since it needs such a high spends, never gave it a second thought. Maybe for the low spenders or users who do occasionally high expenses, infinia/DCB is still the best card to have.

Benevolent Benevolent
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Axis+Rewards is hell; if rewards are not credited after 90days then it needs lot of follow up, a dimer already mentioned the same for Magnus card; I do have this bad exp with Axis not crediting Edge RP {Not *Magnus*} and finally stopped pursuing

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Deal Newbie Deal Newbie
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Empty the credit card balance and fake your own death. Card looted successfully

Hotshot Hotshot
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cc companies can recover dues from the property and assets of deceased. confounded

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Helpful Helpful
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Cash withdrawal is not free you’ll be charged interest for that only the extra fees for using the atm is waived

Deal Newbie Deal Newbie
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Even if I withdraw cash and then make the payment on the same day?

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Cool Cool
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3 months only

Benevolent Benevolent
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4th axis credit card approved – OMG!!
Wahh Beta!!!!

Benevolent Benevolent
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anyone finally got 4th Axis Credit car?(approved+delivered) @Im_rahul

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Trailblazer Trailblazer
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I just called for cc upgrade to ace but they r offering me all the highend cards previlage n magnus too

Critic Critic
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If you can’t spend more than 1 lakh in a month then getting Magnus is useless.

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Deal Subedar Deal Subedar
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Do we get milestone rewards if we convert txn into EMI ?
Deal Cadet Deal Cadet
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They are offering magnus card upgrade for FK axis customers. I just spoke to cc but fees are damn high( 10K+ joining and annual fee)
Hotshot Hotshot
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what was ur limit in fk?
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Deal Cadet Deal Cadet
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I hv fd based flipkart axis card with 1.5 limit will I get Magnus card?

Deal Newbie Deal Newbie
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No, minimum 3L limit needed.

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Deal Newbie Deal Newbie
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in netbanking profile, its very clearly mentioned, every year...

Untitled

Like Magnet Like Magnet
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Is spending on snapay count towards milestone benfits of Magnus? 

The Alpha The Alpha
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Getting magnus card... already have infinia, DCB ..will not be able to spend 1 lakh per month on this card but interested in meet n greet services at airport...is it worth taking?
Deal Subedar Deal Subedar
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I applied for vistara business class card. thats much better than magnus

Deal Cadet Deal Cadet
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Anyone got July bonus 5K reward points 

Deal Cadet Deal Cadet
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guys any tips for maximising Magnus,just got approved and don't hv rent pay option,please DM

Cool Cool
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Guys, please DM me as well. Thank you.
Deal Cadet Deal Cadet
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Which is better magnus or vistara infinite?

Finance Mentor Finance Mentor
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Different card uses. Can't compare reward point card to flyer card 

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