Axis Magnus Monthly Milestone: Ways to fulfil shortfall in Rs. 1 Lac Spend in a month without overspending.
Key Principle: Concentrate 2-3 months spend in single month
1) Buy gift-cards of regular usable brands from Axis Gift Edge
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2) Buy Amazon Gift Cards (Usable on hundreds of online sites) 3) Advance buy groceries of next month 4) Pay your Society dues on MyGate app in advance 5) Full your vehicle’s Fuel tank 6) Make NPS Tier-1 Payment through Magnus
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7) Prepone Insurance premium payment which is due in Next month 8) Mobile Recharge/DTH: Go for at least 3-months pack instead of monthly recharge. You can also recharge in advance even if its not due. It continues after current pack expires
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While Axi-s Magnus can be considered as the best credit card in India, we cannot simply write-off Infinia. It still has use-cases. Here, I list-down advantages of Infinia over Magnus.
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1) If you don’t travel, then Infinia can be better for you as its Reward Points can be redeemed against Tanishq vouchers and Apple products at 1 RP = Rs.1.
2) Infinia users get Best in Class customer care service, much better than Axi-s
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3) With Infinia, you easily get upto 3 Add-on cards while its extremely difficult to get Add-on Card with Magnus.
For all those who are wondering why everybody is talking about Axis Magnus,
1) Joining/Annual Fee: Rs.11,800 including GST. But you get Rs.10,000 Tata CliQ voucher every year, against fee. People buy gold coin from Tata Cliq to recover the fee every year. 1/n
2) 4.8% airmiles minimum on every spend which easily translates into 3.5%-4% rupee value if used on travel. No other card is providing this much value-back on all default spend right now.
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3) 25,000 additional Edge points on Rs.1 lac spend as milestone benefit every month. This translate into 20k Airmiles. Which makes 24.8% Airmiles on Rs.1 Lac spend.
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