Axis Magnus Burgundy has insane returns | Ft.

[@pranayk37]

Apply for the cards using the links below: - HDFC Swiggy: tinyurl.com/Swiggy-PR - SBI BPCL Octane Fuel Card: tinyurl.com/Bpcl-Pranay - Axis Magnus Burgundy: tinyurl.com/Axis-Pranay - Axis Atlas: tinyurl.com/Axis-Pranay - Amex Platinum Travel: www.americanexpress.com/en-in/referral/intl/platinum-travel?CORID=s~H~R~E~Y~s~A~j~u~E-1739187845109-862102051&CPID=100364247&GENCODE=349993317374979&XL=MNMNS&ref=sHREYsAjuE&v=2 Amex MRCC: americanexpress.com/en-in/referral/membership-rewards?ref=sHREYsHCZ8&XL=MNMNS

[@AdityanarayananIyer]

Did he use plat travel for GST payment as well?

[@thejigar13]

your AMEX link is not working

[@Ak_Shay]

​@@thejigar13try this one

[@__nitinkumar__]

Bro his card details are clearly visible, you should have blured it.

[@aparnasaxena6500]

This is so insanely informative!! We need more such videos and people to talk of all this. Superb!

[@iftekharahmad306]

Because due to this(Magnus Burgundi) card i stayed in 5 star hotels of Accor Hotels with my family and friends around the world for 55 nights free of cast with breakfast.

[@prince143725]

but dont we have to book only in axis edge flights where its expensive flights compared to skyscanner

[@mahipdeva3543]

Hey Pranay Sir! Much love as always! Sincerly wait for your uploads, they are my perfect SOT justifying youtube! Cheers to more success aapko!

[@pranayk37]

You're too kind sir, thank you for your continued support!

[@nikhilkasamsetty5009]

Loved it, clearly explained.❤

[@vct1]

Was waiting for a video like this for business owners ..A good summary..thank you

[@pranayk37]

Glad it was helpful!

[@debview]

@@pranayk37 whc card? Axis burgundy gave 43k back..?

[@pranayk37]

Yes​@@debview

[@ayushdk]

Appreciate it ❤

[@vivekjoshi39]

Really refreshing to see detailed discussion on something other than Infinia. 27:55 However, saying that Infinia is 3.3% when on the other hand the comparison from Magnus has 2 hoops and not to mention that 3.3% of Infinia is raw cash since you can buy anything as opposed to just Accor property stay is a bit misleading, at least to people who are new to the credit card rabbit hole. ✌️

[@pranayk37]

Thanks for your comment, my limited point was that Infinia is not the end all. It's a good baseline but there are a lot of other lucrative ways to extract value from other credit cards :)

[@anildiwan53]

A real good attempt to educate all. Congrats. !

[@RishabhAwasthi007]

5:47 Pranay, useful video. Keep up the good work. I noticed you shown food oil image when Ayush said food & oil as his major spend. It should be petrol/diesel clipart instead. Hope this helps.

[@pranayk37]

Hi yes, I had noticed. Just let it pass thinking it'll be funny for those who notice it haha

[@anirudhtv]

Got fed up of HDFC infinia videos, and you bought such a unique guest, Wonderful video pranay, Such a fab host @ayushdk , we want more of his sessions/ similar to ones like him PS: 43% is mental

[@pranayk37]

Glad you liked it!

[@ayushdk]

Thank you for your kind words and support ❤

[@iftekharahmad306]

He is absolutely right Magnus Burgundi is one of the unique and No.1 card in India .I have it life time free also.

[@jagabandhunayak40]

Wow. How did u get it for LTF

[@anne_xplorer]

Exactly how?? How did you get it LTF?

[@keshavsingh9280]

There was an offer at dec 2023 that those who have burgundy account can apply LTF Magnus. Now offer is over.

[@DeepakSharma-oz8vk]

Keep sharing such good information. ✋🏻

[@tdkhurana]

Very informative … will get the amex card for sure

[@samitadang7778]

Such an informative and well-structured video.

[@chikku18india]

For SBI BPCL card, you need to consider fuel transaction charge. I think there is a limit on the waiver

[@nikhilkashyap2276]

Man great video!

[@mihirshroff6911]

My suggestions:- 1. Instead of hdfc swiggy isnt airtel axis better card?? As it gives 10% return not just on zomato and swiggy but also on bigbasket and on the top of that 25% on airtel bill payment and 10% on utility bill payments. 2. Instead of sbi octane i feel rbl indian oil is better. Unless you have bharat gas cylinder subscription for your home. 3. Kiwi yes bank rupay credit card was completely missed in conversation, it gives upto 5% return on upi scan and pay but for sure it gives 2% flat, which is unheard of in upi scan and pay.

[@pranayk37]

I made a short recommending axis airtel literally day before yesterday haha

[@snehaashishgupta1254]

RBL Indian Oil doesn't work in many IndianOil pumps the points aren't credited as the *fuel* POS is not used by them cleverly... and in the cases where rewards are credited there it seems that redemption is a hassle

[@pranavbathla]

As much as I like your channel, I feel that this video could be a little more informative. Points that could be discussed are - - Swiggy HDFC's 5% cashback on online spends - BPCL Octane actually gives 6.25% rewards in terms of points and not 7.25% ( Not considering the 1% fuel surcharge since every other card gives that anyway) - BPCL Octane does not give out vouchers directly but reward points, 1 point is worth Rs0.25 when converting to fuel - Redemption process of BPCL is to either get fuel vouchers using reward points via SBI's portal or directly ask the BPCL fuel attendant to redeem points while refueling. - Axis Magnus Burgundy's criteria to apply and how to get. Still appreciate the video, thanks for uploading!

[@pranayk37]

Thanks for sharing, this will be helpful for viewers!

[@udit_batra]

Does Axis Atlas also give milestone benefit on business spends like Google and Amazon Aws payments? Or it’s only AMEX?

[@soumalya24]

I personally don’t agree that Magnus burgundy is the best card. It’s only good for folks who have a lot of expense like Ayush, so salaried folks it doesn’t make sense. Furthermore the fees of the card is not spoken about - it should’ve been part of the 43% return (adjusted). I still feel infinia and Amex travel plat is the best combination for most folks (baring who has biz expense on their personal cards). Happy to hear if anyone has a different view on this!

[@pranayk37]

We did caveat that it's good only for high spenders

[@skindustry7855]

Game Changing Cards

[@tusharseth7341]

Hey Pranay! Great video like always.. Can we talk about the Axis Olympus in the next one?

[@pranayk37]

Need to find someone who has it and uses it well

[@keshavsingh9280]

I think card has not launched yet.

[@daraj9609]

Card will get devalued more frequently now as everyone is trying to optimize their credit card spend. For example one uses Axis Airtel credit card for airtel bill upto 1000, utility payment upto 2500 and Swigg, zomato upto 5000 there by getting cashback of around 10-14 % and don't use this card dor anything else. This behaviour will exaust the cashback pool that the company reserves and issuing more card needs devaluation....

[@KanishkaMalhotra-w8j]

I think this strategy is fitting for a Sole Proprietor only!

[@ayushdk]

Yes! But you can still get these cards irrespective, depending on your individual requirements and spendings.

[@sauravbasu6537]

the problem is the insane threshold of 1.5 Lac rupees monthly spendings above which u get these returns and also long list of eligible category exclusions. Axis has targeted only heavy spenders , this guy ayush has high business spends close to >1.5 lac per month which is abnormal for salaried people. Also to note the threshold for transferring points for each group and the eligibility criteria to get this card is insane ( 10L AMB) for burgundy. also this card has high annual charges

[@pranayk37]

Correct. Not everyone's cup of tea

[@ayushdk]

Exactly. Hence, I have structured them from Low-High, so everyone can jump in depending on their individual spends at different thresholds.

[@DK-ox7ze]

For someone who is not much into travel and only spends around 50k a month, Infinia is still the best I believe. Or will you recommend some other card?

[@ashishojha7474]

I have magnus for burgundy since its inception ( after original magnus got devalued and got converted to M4B) and I don't use it because I've got no time to travel 😢😢just working and taking care of family. But just accumulating small aur India miles( ~ 5000 per month )

[@pranayk37]

Is it free for you? If not, surrender it or spend on it :)

[@ashishojha7474]

@pranayk37 yes , it is life time free for me

[@ayushdk]

Lucky Man 🍀 Use it eventually slow and steady as needed. But a great card to hold in your wallet.

[@AK47Youtube-n2e]

Axis are tied up with very limited partners and the point system is confusing. I use SBI cashback after lot of research and it's the best card. I got 60K cashback for 10L spending annually and many of my friends applied and very happy with the card

[@pranayk37]

Thanks for sharing

[@mohithkalyan]

when the guest says "oil", you guys are showing food oil.. funny !!

[@pranayk37]

😂

[@jeet_sakariya]

1. Hdfc Swiggy 2. Axis Vistara Platinum 3. Axis Atlas 4. Hdfc Business Regalia (got offer to upgrde to HDFC Biz Power Should i go for it or not ? my arsenal of cards rn.

[@rudresh]

Its funny when people call infinia overrated. Its actually very simple rewarding card with moderate expectations of spending.

[@pranayk37]

Moderate being the keyword :)

[@rudresh]

@@pranayk37 12 L and renewal fees reversed. Here the guests are talking about 30L + spending. :)

[@rudresh]

@@pranayk37 12L for Annual fees waiver, and here guests talking about 30L spends. Moderate it is. :)

[@abhishek_gupta1990]

43% returns is insane globally!

[@rithinreddy5524]

There is a yearly cap though for transferring points to Group A. So basically now that he got 30k Edge reward points for 100k spend. If he spends over 5 lacs a year he’ll reach the threshold of 1.5lakh transferable edge reward points. The card is useless after that cause the max value you can get from Group be is 7% per 100 spend. Additionally, you’ll have to maintain 30lac TRV with 🪓is for 6 months to get this card and continue to maintain it for eternity if you wish to have Magnus for Burgundy. You are better off using infinia and axis Olympus.

[@sivasrinadhu]

SBI BPCL Octane is a good suggestion for business expenses. Just curious if we can pay taxes using AMEX Platinum Travel Card? If yes, can we show it as a business expense??

[@ayushdk]

Yes! You can pay taxes using the Amex Travel card. The way however, is that you pay using Canara Bank - and then further use Amex for the payment. (Amex option doesn’t show directly).

[@sivasrinadhu]

@@ayushdk Thanks for the quick revert. I noticed that GST payments through credit card is not open for AP & Telangana states. Any hack for this???

[@ayushdk]

@@sivasrinadhu I don’t think it should be any different, since it’s all online. Try the way I did it via Canara Bank option - and then using Amex. Hope it works 👍🏼

[@vinitshenoy]

Between Magnus Burgundy and Atlas.. if I had to get one which would you recommend getting. Will be used post my 4L spend on Amex

[@pranayk37]

Please see my other video where i compare the two for big purchases. and which one did i get and why. not a straight forward answer

[@HarigovindSasi]

Hey Pranay and Ayush, can you talk about how you spend on taxes? I have the Biz Black, is there a better option for me?

[@ayushdk]

Hey Buddy! If you are already holding the Biz Black then that’s great already. However, if you’re hitting your capping on that, then Amex can be used as back up for further tax payments in the household.

[@pranayk37]

+1

[@ritwikism]

My dad has Burgundy Private, but with no accelerated points and no milestone benefits, it doesn't seem to be a good card to me (other than as a Forex card and lounge access card). I'm probably missing something - any idea on how to optimize this one?

[@ayushdk]

Hi, so after a lengthy cheat sheet, I came up with the conclusion that Magnus Burgundy beats every other card in the ecosystem for high spends (until further notice). Burgundy Private is technically their top most card, added benefit of that is you can transfer more points to group A and B and zero forex charge. BUT no acceleration on points (which makes it less attractive). Furthermore, they are coming up with another card which beats private too, known as “Primus”. Keep an eye out for that one.

[@MayurMahindrakar007]

If you are reaching out to open public the research needs to be much better There are already better options in all card categories except Burgundyas have not explored yet However I can counter each of these cards for same use case Also only one specific use has been explored Like bpcl octane gives you same rate of rewards on bp gas it offers you 2.5% on groceries, dining etc. And many more points to counter

[@pranayk37]

This is Ayush's strategy that works for him. If you have a better strategy, feel free to share :) Also if we start listing down every benefit of every card, this will become a painful watch

[@ayushdk]

@@MayurMahindrakar007 Would love to know your strategy. However, mine works best if you have all 5 cards. Also, I use the card for its exact specific purpose only, like eg. why would I use BPCL for grocery? Why settle for just 2.5%, instead I will use my Atlas and get 2 miles/100 = 4 partner points = (if sent to Accor) = ₹7.2, which gives me a 7.2% return OR my Burgundy Magnus for almost everything and get even a higher return. Like I shared, it’s subjective and works best based on your own end goals.

[@akshayshetty5548]

Ayush am presuming you use airtel Just keep an axis airtel card....saves 16 k approx

[@shrenuj2213]

M4B use for tax, ignore if you don’t have burgundy

[@adityamaloo7026]

CAN U SUGGEST ANY CARD.. FOR SCHOOL FEES AND GET POINTS

[@dharmdip_7]

Another request to Amex please add more pin code for tier 2-3 cities

[@pranayk37]

Hope they're seeing this

[@san11715]

For god sake’s, it’s about time Amex !

[@raunakverma8847]

Hey Pranay. Are there any limits to putting business expenses on these cards? Does it risk the chance of getting blacklisted ?

[@pranayk37]

Hi, if you're a sole proprietor, it's ok

[@rajeshkumawat7921]

Bussiness owners need to save some tax. How about HDFC biz black?

[@ayushdk]

Great card provided you can get it. Will offer slightly better value than Amex in that particular case. But in the end it all depends on what is your end goal with the points accumulated.

[@sahiltaparia8040]

How to pay tax through amex card? Last year I didn't find any option to pay through amex card.

[@harshitsingla]

rbl Indian oil xtra 8.5% back

[@ayushdk]

Yes offers slightly more cashback BUT Octane also offers Domestic Lounge visits at the airport (which can be of more value to some people) + since I have BP near my area so I prefer that. Rest is subjective depending on what is more accessible for you in your area.

[@deep232]

Magnus for burgundy comes at 30000 joining fee, without any benefit. That's the biggest hurdle. I have a burgundy account but didn't go for M4B just because of no joining benefit

[@ayushdk]

It makes sense if your spends are high. Post 25L spend the 30,000 will be reversed anyway.

[@decconan4230]

Is that @ayushdk own property, cuz i really like the aesthetics of the sofa and curtains, if ayush, u could provide the links/brand. Secondly, which cards you suggest for pvt Ltd small biz owner instead of proprietorship. And what should be their strategy for personal trips cuz almost all expenses are made on pvt biz so personal bank balance is never needed for bookings. Explain cuz I'm a newbie to cc world and have never used cc cuz i always heard cc are not good. Hope pranay, Ayush and others here can guide me

[@decconan4230]

@pranayk37 @ayushdk hey guys, help na

[@amitm2008]

There is a big loophole in Atlas ans probably other cards. Any Hotel which is registered as Rental will not be considered as expense and there is no way to know before making payment. Have faced this and expense was 70k which was not considered They even charged rent payment fees which they removed after I protested. However they still did not consider it as travel expense and did not credit travel edge points either. Even though they accepted that it was hotel and said entity is hotel. I even provided them for 2 nights booking invoice but to no avail

[@ayushdk]

Oh that is very interesting. Can we know where was this? Name of the Hotel?

[@pranayk37]

Thanks for sharing

[@amitm2008]

@@ayushdk Roda Amwaj Hotel Suites in Dubai. They have shared MCC code as rental. I think there should be more practicality from Axis, rather than completely relying on code. Even after agreeing its hotel apartment and reverting the rent payment charges they did not consider it as expense for edge points

[@amitm2008]

Another update- even my 3 day stay at Radisson Blu in Dubai not considered by Atlas due to MCC code. This is ridiculous. 1.5 lakh in total not considered due to mcc code given by hotels. What a farce. I will be discontinuing this card. Worthless

[@ayushdk]

@@amitm2008 I think Atlas has a limit of 2L per month considered against Travel Spends which gets you 5 miles /100. Post that all are considered for 2 miles/100. But either way you will get some miles none the less.

[@harshoswal653]

But these cards are for personal use, right? what if we get banned for using business spends on it?

[@ayushdk]

@@harshoswal653 Hey Buddy! The first 2 cards are for personal spends. So like I mentioned, as per your expenses you can keep adding the next card, and further use for business spends.

[@pranayk37]

If you're a sole proprietor, you're ok

[@iftekharahmad306]

Forget every card use only Magnus Burgundi ,no compare with this card to any card

[@anaghar8582]

Love the video, but please be careful guys. Not even 10 seconds in, it's written 1,00,000 Lakh for 1Lakh. 😅

[@pranayk37]

Thanks for pointing it out

[@richhie2001]

Using travel edge the flight rates are much higher compared to other travel platforms. Sometimes it close to 20% higher.

[@pranayk37]

Not true. Depends on case by case basis

[@limat00]

@@pranayk37mostly it is and these days its much higher!

[@bhargavadesai]

Hey very informative video ! As Amex gives card on specific PIN codes only please let me know how to get burgundy credit card , I already have burgundy account with axis but they are asking for 30L FD for this card

[@pranayk37]

I think it's not just FD. you can also open a demat account with them and invest in equity / mutual funds or whatever else if you prefer that. They basically want a relationship value to be able to offer this card

[@bhargavadesai]

@@pranayk37 actually they are not considering DEMAT portfolio for this

[@AmanHans]

Is it ok to use Axis Magnus for Burgundy for business express such as Google Ads? Wasn't Axis striking down cards if used for business transactions?

[@ayushdk]

If you’re a sole proprietor, I don’t think there should be any issue. You just have to make sure to segregate your spendings accordingly.

[@AmanHans]

@@ayushdk What about Pvt Ltd?

[@ayushdk]

@@AmanHansNope!

[@Introvert_Explorer791]

For normal employee and retail investors normal family guy which card is beneficial without annual fee need lifetime card suggest me best card premium card with high limit and points

[@Dang-xu8yk]

Using personal credit for business expenses can be dangerous especially if it’s axis.

[@ayushdk]

Sole Proprietorship!

[@oneamitabh]

Could you tell the value part for IDFC Mayura credit card? Is it worth it?

[@rajeshkrishnan2945]

@@oneamitabh it's not worth it beyond first year where its welcome benefits waives off the fees completely.

[@iftekharahmad306]

He is wrong you will get 12 reward point for the spend of 200 rs not 100 rs for 6 point.

[@94atharva]

I have amex platinum travel and idfc vistara cc. I paid my personal tax via my vistara cc and got reward points. Can I use these or any other cards to pay taxes like advance tax, gst and tcs for my partnership firm also? How do I show these entries in my account books? Also if there is any other better card option to pay these taxes? I have approx 30L of tax payments combined.

[@pranayk37]

Taxes aren't counted by most cards. The only one that you can use is amex platinum travel upto 4 Lacs. Get multiple amex plat travel for your family members and pay. Don't use Axis cards - you won't get any benefits.

[@sohilagarwal9576]

Hi I have ULIPs worth 20L plus in a year, i use my infinia for insurance payments, because no other vard gives reward points on it. Any other card suggestions?

[@Roshankumar500]

With all due respect , why do you have ULIPS ? 😢

[@pranayk37]

+1

[@sohilagarwal9576]

@@Roshankumar500 actually these are the ulips started by my mother and father with premium paying terms as long as 7-12 years, i still have 5 years to go... so wanted to know a card to pay those

[@saikatdas8853]

800+ score k baad bhi reject kiya October mei swiggy hdfc app se.

[@shubhamrawat7913]

Request from HDFC website, you'll get easily

[@anujsahakari]

Is Amex accepted on GST portals? That's where is my highest business spends.

[@shagunb45]

I also want to know this?

[@vitsboy46]

Yeah it worked on Canada bank portal

[@ayushdk]

Yes! So when you go to the tax portal, you won’t find an Amex option directly (it shows only Visa, Rupay option). So the trick is to go to Canara Bank - then Pay using Amex.

[@hairstuff371]

Exactly buy expensive bad quality palm oil with card is great idea 5 liter moklavu mara vala

[@pranayk37]

😂

[@HaritGulati]

Atlas is not 5×, I believe it's 5 points per 100 for travel and not 10. Can you please check?

[@ayushdk]

Basically you get 5 miles / 100 = which is further converted to 10 Partner Points, that’s how you use it for max redemption value.

[@saikumarg5229]

Can we use personal credit card for business purposes, i am just fearing if i use my credit card will be suspended , please let me know on this. I want to pay my business electricity bill which is around 70k

[@pranayk37]

Sole proprietor can use

[@ayushdk]

For business utilities/expenses I suggest Biz Black if you’re banking with HDFC.

[@VatsalModi1]

Hi Pranay, how's it going? Nice video

[@pranayk37]

Hi Vatsal, good to see you here!

[@adhavmathialagan707]

Swiggy card is not showing LTF, could you help with this

[@marketgeek2647]

Can you pay advance tax with amex plat travel and if yes then how?

[@pranayk37]

Yes you can. Just go to the income tax portal and use canara bank payment gateway

[@marketgeek2647]

@ alright thanks

[@AVISHEK996]

Is Magnus and magnus burgundy different?

[@pranayk37]

Yes

[@conlawprofessor]

Insurance payments for milestone is fine but it is not clear how he is paying taxes, as most tax portals do not accept an Amex Card. 15:54

[@pranayk37]

Select canara bank payment gateway when paying tax. You'll see amex inside it

[@vyshnavadattamulukuntla9300]

Hi Pranay, I believe Google ads doesn’t accept Amex 22:22

[@pranayk37]

You're right. It isn't. He uses axis magnus for Google ads and not amex. That illustration is an error, thanks for pointing it out

[@sachin2842]

there is really two Indias indeed lol 😆😂 many cant even earn above 3l and there are who spend 30l+every month oh my god America in India 😂😆

[@pranayk37]

The spends he's referring to are 30L per year

[@abhishek_gupta1990]

It's per year dude and includes business spends! Quite reasonable and he is spending very smartly

[@ayushdk]

@@sachin2842 If I may quote ‘Vada Pao Girl’ here - “Itna bhi ameer nahi ho gaya mein”.

[@mahavirjindal3007]

Hey. Normally there are lot of points transfer bonus offer in December . I would have some in axis Magnus. What would the group recommend

[@ayushdk]

I’m not sure if Axis offers transfer bonuses. However, for best value, transfer to Accor!

[@ShortGameplaysAS]

Hey Pranay, quick question. If we pay the monthly rent using Amex platinum travel giving extra 3% from any app to complete the 4 lacs milestone. Would that be beneficial in terms of percentage returns that we would generate converting the MR points later considering 1MR = 1 rupee.

[@maharashtramajhaful]

Sent you reference link for AMEX

[@bhuvmittal]

11:48 damn! Bro teach your editor some maths

[@pranayk37]

Cut the poor editor some slack! But thanks for the feedback

[@hmmbiz27]

23:55 its Qantas and not Kantas :)

[@rajeshkrishnan2945]

Honestly learnt nothing from this video, very poor strategy irrespective of the spend limit.

[@pranayk37]

Sorry to hear that. Please share yours?

[@iftekharahmad306]

Pls make video short ,you make very long video

[@ashwin9823]

Cards are debt trap. Just leave it. It's not worth it in long run..

[@pranayk37]

Disagree