Axis Bank Magnus Credit Card
Verified · September 4, 2026
4.9/5.0
Updated on September 4, 2026
🎖️Reward Rate
Base Retail Reward Rate: 12 EDGE Reward points per ₹200 on spends up to ₹1.50 Lakhs in a calendar month
Overview
Card Name & Positioning: Axis Bank Magnus Credit Card / Magnus for Burgundy Credit Card (Super Premium tier)
Rewards
Reward Type
Reward Points
Reward Rate
- • Base Retail Reward Rate: 12 EDGE Reward points per ₹200 on spends up to ₹1.50 Lakhs in a calendar month
- • Monthly Accelerated Spend Tier (> ₹1.5 Lakhs): 35 EDGE Reward points per ₹200 on incremental spends above ₹1.50 Lakhs in a calendar month (capped at card limit + ₹1.50 Lakhs)
- • Travel EDGE Portal Accelerated Rewards: 5X Reward points on spends via Travel EDGE (60 EDGE Reward points per ₹200)
- • Reward Exclusions: Fuel, Wallet reloads, Government payments, Rent, and other specified MCC exclusions
Welcome Benefit
Welcome / Activation Voucher Value & Options: Choice of voucher worth ₹12,500 from Luxe gift card, The Postcard Hotels gift voucher, or Yatra gift voucher (₹5,000 for Burgundy Magnus)
Redemption
- • Air Miles / Hotel Points Transfer Ratio: 2 partner miles for every 5 EDGE Reward points (5:2)
- • up to 4 partner miles for every 5 EDGE Reward points (5:4) for Burgundy Magnus
- • Travel Partners Network & Defunct Branding: 20 travel partners (Club Vistara merged into Air India / Flying Returns program)
- • Travel EDGE Direct Redemption Rate: Travel EDGE portal redemption rate: 1 EDGE Reward point = ₹0.20
Benefits
- VIP Airport Meet & Assist Concierge Services: DISCONTINUED on standard Magnus w.e.f. 1st September 2023 (Removed from official product benefits)
- International Airport Lounge Access (Primary Cardholder): Avail unlimited complimentary international lounge visits with the Priority Pass card
- International Airport Lounge Guest Visits: 4 additional guest visits per year with the Priority Pass card (Guest visits revised to 4 per year w.e.f 20th April 2024)
- Domestic Airport Lounge Access (Primary Cardholder): Enjoy unlimited visits to select airport lounges in India
- Domestic Airport Lounge Guest Visits: No complimentary guest visits provided for domestic airport lounges (Primary cardholder only)
- Luxury Hotel Privileges (The Leela): Exclusive Offer at The Leela Palace Hotels & Resorts: 15% savings on bed and breakfast rates (Valid till 30th September, 2026)
- Dining Delights Program: Enjoy exclusive discounts at over 4,000 restaurants across India via Axis Bank Dining Delights
- VIP Airport Meet & Assist Concierge (Annual): ₹0 (Permanently discontinued on standard Magnus w.e.f. 1st September 2023)
- International Lounge Guest Visits (Annual): 4 Complimentary Guest Visits (~₹12,000 value capped w.e.f. 20 April 2024)
- Domestic Lounge Guest Access (Annual): ₹0 (Domestic lounge access strictly limited to primary cardholder)
- Burgundy Salary Account Lifetime Free Offer: ₹0 (100% Lifetime Free for Burgundy Salary Accounts ≥ ₹2 Lakhs/month w.e.f 1 July 2026)
Things to Know Before you apply
Axis Bank Magnus Credit Card Eligibility Criteria
- Age: 18–70 years
- Income Qualification Hurdle: Net Salary of ₹24 Lakhs per annum or Net Annual Income Tax Return filed for ₹24 Lakhs; Income Qualification Threshold: ₹24,00,000 p.a. Net Salary or Net ITR
Fees & Charges
| Particulars | Amount |
|---|---|
| Joining Fee | ₹12,500 |
| Annual Fee | ₹12,500 |
| Foreign Currency Mark-up Fee | 2% |
| Cash Advance Fee | Cash Advance / ATM Withdrawal Fee: No cash withdrawal fees (100% waiver on ATM cash advance transaction fees); Cash Advance / ATM Withdrawal on ₹20,000: ₹0 (Official "No cash withdrawal fees" benefit) |
Fee waiver: Annual Spend Fee Waiver Milestone: Annual fee of ₹12,500 + Taxes waived off on spend of ₹25 Lakhs in preceding year (₹30 Lakhs for Burgundy Magnus); Fuel Surcharge Waiver: 1% fuel surcharge waiver for transactions between ₹400 to ₹4000 (Capped at ₹400 per month; or INR 10 + GST where applicable)
PaisaSimple Review
Overall Rating
4.9/5Compare with Similar Cards
Rating
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Best Suited for
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TravelPremium
Fee Details
Joining Fee
₹12,500
Annual/Renewal Fee
₹12,500
Joining Fee
₹12,500
Annual/Renewal Fee
₹12,500
Joining Fee
₹12,500
Annual/Renewal Fee
₹12,500
Welcome Benefit
- • Welcome / Activation Voucher Value & Options: Choice of voucher worth ₹12,500 from Luxe gift card, The Postcard Hotels gift voucher, or Yatra gift voucher (₹5,000 for Burgundy Magnus)
- • Joining / Welcome Gift: Not listed as a default ₹10,000 White Pass in primary feature overview
- • Complimentary Club Marriott membership for the first year
- • 12,500 Reward Points upon fee realisation and card activation
- • Member's Night (Monday): buy one drink, get a complimentary second drink
- • Member's Day (Tuesday): 50% off food bill and 25% off beverage bill
- • Complimentary spouse membership with card-only benefits
Reward/Cashback Rate
- • Base Retail Reward Rate: 12 EDGE Reward points per ₹200 on spends up to ₹1.50 Lakhs in a calendar month
- • Monthly Accelerated Spend Tier (> ₹1.5 Lakhs): 35 EDGE Reward points per ₹200 on incremental spends above ₹1.50 Lakhs in a calendar month (capped at card limit + ₹1.50 Lakhs)
- • Travel EDGE Portal Accelerated Rewards: 5X Reward points on spends via Travel EDGE (60 EDGE Reward points per ₹200)
- • Reward Exclusions: Fuel, Wallet reloads, Government payments, Rent, and other specified MCC exclusions
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- • 5 Reward Points on every ₹150 retail spend, including insurance, utilities and education
- • Up to 10X Reward Points on travel and shopping spends via SmartBuy
Pros
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- • Base Rewards: White Pass Milestone Currency per ₹100 (Earn White Pass worth ₹1,500 up to ₹2,50,000 across milestone spends from ₹2 Lakhs to ₹1 Crore)
- • Forex markup rate of 2%
- • Airport lounge and lifestyle dining privileges
- • Value-packed milestone rewards on annual spend
- • Base Rewards: 5 Reward Points per ₹150 (5 Reward Points on every Rs.150 retail spends including Insurance, Utilities and Education (3.3% base reward rate))
- • Forex markup rate of 2%
- • Airport lounge and lifestyle dining privileges
- • Value-packed milestone rewards on annual spend
Cons
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- • Annual renewal fee of ₹12500
- • Reward exclusion on fuel purchases and wallet load transactions
- • Annual renewal fee of ₹12500
- • Reward exclusion on fuel purchases and wallet load transactions