Axis Bank Magnus Credit Card

The Magnus Credit Card is one of the most rewarding and sought-after cards in Axis Bank’s portfolio. This super-premium card issued by the bank targets high-income individuals who want to enjoy the privilege of a luxurious lifestyle. It has a joining fee of Rs. 12,500 but offers many premium travel, lifestyle, dining, and insurance benefits. Cardholders get domestic and international lounge access at airports along with a 24*7 concierge service. Premium customers can also make international transactions at a relatively low 2% Forex Markup fee. Also, there are no cash withdrawal charges on the card (Interest charges applicable). Although the annual fee of the card is relatively high, you can get it waived by spending 25 lakhs or above in the previous anniversary year and save Rs. 12,500.

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Axis Bank Magnus Credit Card

Joining Fee

Rs. 12,500 + GST

Renewal Fee

Rs. 12,500 + GST

Best Suited For

Movies | Travel | Dining | Shopping

Reward Type

Reward Points

Welcome Benefits

Choose a gift voucher worth Rs. 12,500 from any one of Luxe, Yatra, or Postcard Hotels

reward and benefits +

Rewards Rate

12 Axis EDGE REWARDS Points for every Rs. 200 spent with the card, 5X EDGE REWARDS on travel spends via TRAVEL EDGE

International Lounge Access

Unlimited complimentary international airport lounge access for primary cardholders and 8 complimentary visits for the guests every year with Priority Pass

Domestic Lounge Access

Unlimited Free Domestic Airport Lounge Access

Reward Redemption

Axis EDGE REWARDS Points can be redeemed on the EDGE REWARDS portal at a value of 1 Edge Reward = Re. 0.20 or Transfer to Partner Airlines/Hotels Rewards Program.

free & charges +

Spend Based Waiver

Annual fee waived off on an expenditure of Rs. 25 lakhs in the preceding year.

Fuel Surcharge

1% fuel surcharge waived off at all fuel stations across India

Foreign Currency Markup

2% of the transaction plus GST

Interest Rates

3.0% per month (42.58% annually)

product details +

  • Rs. 12,500 worth gift voucher from Luxe, Postcard Hotels, or Yatra as welcome benefit
  • 12 Axis EDGE REWARDS Points for every Rs. 200 spent on retail purchases up to Rs. 1.5 Lakhs. Earn 35 RPs per Rs. 200 after exceeding the monthly spend of Rs. 1.5 Lakhs
  • Earn 60 Axis EDGE REWARDS Points for every Rs. 200 spent on Travel Edge portal Rs. 2 Lakhs. Earn 35 RPs per Rs. 200 after exceeding the monthly spend of Rs. 2 Lakhs
  • Unlimited domestic airport lounge access every year.
  • Unlimited complimentary international lounge visits every year with Priority Pass.
  • Discounted stays at Oberoi Hotels.

pros / cons +

Pros

  • There are no cash withdrawal charges with this card.
  • Unlimited international and domestic lounge access with the Magnus Credit Card.
  • You can avail “BOGO” on movies and get discounts on dining with this card.

Cons

  • The annual income required to be eligible for the Axis Bank Magnus Credit Card is very high, at Rs. 24 lakh.
  • There are no golf benefits with this card.
  • To qualify for the New Magnus Card for Burgundy, you must maintain the Total Relationship Value associated with the account.