Thread by @tejasghongadi

(1/n) Is Magnus worth w/o the 25K Milestone Bonus?

Analysing ₹6-8 Lacs spends annually as under:

Utilities / Mobile / Internet - 75K
Fuel / Toll - 100K
School Fees - 100K
Groceries - 60K
Dining / Food Delivery - 60K
Travel - 60K
Shopping - 60K
Electronics - 100K
Misc - 120K

(2/n) Standard Earning - 12 ER per ₹200

How much can be routed thru Reward Multiplier?

Amazon GV - 120K - 3X
Shopping - 60K - 10X
Electronics - 120K - 5X
Travel - 60K - 5X
Misc. - 50K - 5X
Food Delivery - 20K - 5X

EazyDiner Dining Discount - 6 Times a year - ₹6000 Savings

(3/n) Points Earning thru the Year:

Regular - 44,100
Reward Multiplier - 106,800
Total - 150,900

Cash Savings - ₹6,000

What are the Magnus ER Points worth?

Standard Redemption - ₹0.2 per ER Point (₹0.4 for Multi-brand #IYKYK) - ₹30,180 / ₹60,360

(4/n) If Travel Redemptions:

Conversion from ER to Airmiles / Hotel Points - 5:4

120,720 Miles / Points

Considering a meagre value of ₹0.6 per Airmile / Hotel Loyalty Point which most beginners too can get easily

₹72,435

~9.8% Reward rate

All this w/o Monthly Bonus

(5/n) Now next question comes 'Is Magnus better than Infinia?'

Not that simple

Infinia - Lower RPs but Simplicity in redemptions. Good for Eco Flights or Mid-Range Hotels

Magnus - Higher RPs but complexity in redemptions. Good for Luxury flight / Hotel Experiences

(6/n) But this reinforces my thoughts about 1 family vacation using Credit Card Points per 16-18 Months is possible if you are spending 8-10 Lacs annually or above.

Earlier it was Infinia, now its Magnus. Given the low penetration of CCs in India, all these offers will continue.