I've cut some fritz tile in the past and the 13", 20" and 26" I-series Magnum Shear's worked pretty well. It essentially cuts through part way and breaks through the rest, but the result is a straight cut that is fairly accurate. Compared to cutting it with a wet saw this is way more simple, faster and easier.
The blade dulls pretty quickly on Fritz Tile, but as long as you are only cutting this product it shouldn't matter. If you are going to cut something else (laminate flooring, wood flooring etc.), I'd recommend getting another blade.
I tried it on the thin (~1/4"

fritz tile first and it worked, but on the thicker fritz tile I would not recommend the Magnum Shear. Regarding the RCT-Magnum Shear that cuts carpet tile, VCT, luxury vinyl and most soft flooring tiles and planks....I would not recommend it on this product, since Fritz tile is hard I'm fairly certain that it would ruin the RCT blade which is super sharp, but not durable on hard products.