Axis Bank Magnus Credit Card is one of the best premium cards in India, even after the much publicised devaluation which happened recently. You get attractive rewards on travel spends, and also best-in-class lifestyle benefits like unlimited airport lounge access both in India and abroad, airport & medical concierge service, as well as complimentary entertainment benefits.
Brief Summary
Our View :
Axis Bank Magnus Credit Card is one of the best premium cards in India. You can get high reward rates on travel spends, especially if you are a very high spender and convert your reward points to partner points of airlines and hotel partners.
Axis Bank Magnus Credit Card
Special Benefits
6%-12% benefit on travel spends
Other Benefits
Unlimited complimentary airport lounge access
Minimum Income
18 lakhs per year
Annual Fee
₹12,500
Annual Fee Offers
Welcome offer worth ₹12,500
Renewal fee waived on annual card spend of ₹25 lakhs
Axis Bank Magnus Credit Card : Summary Table
| On card spends upto ₹1.50 lakhs per month ■ 6% – 12% special benefit on travel spends (5X) ■ 1.20% – 2.40% benefit on all other spends (X) | ▶︎ 6% – 12% special benefit on travel spends, via Travel EDGE (5X) ▪︎ 6% benefit on travel spends – if you redeem reward points for cashback : You earn 30 EDGE reward points worth ₹6 , on every ₹100 you spend on travel. (since 1 EDGE reward point = ₹0.20 or 20 paise cashback) ▪︎ 12% benefit on travel spends – if you redeem reward points for partner points of airlines & hotels : You earn 30 EDGE reward points worth 12 partner points (of airlines & hotels) , on every ₹100 you spend on travel. Since 5 EDGE reward points = 2 partner points, OR 1 EDGE reward point = 0.40 partner points. ▪︎ Travel bookings need to be done on Travel EDGE, a travel portal from Axis Bank on which it offers the best deals on flights & hotels from various travel suppliers. ▶︎ 1.20% – 2.40% benefit on all non-travel spends (X) ▪︎ 1.20% benefit on all non-travel spends – if you redeem reward points for cashback : You earn 6 EDGE reward points worth ₹1.20 , on every ₹100 you spend on all non-travel spends. (since 1 EDGE reward point = ₹0.20 or 20 paise cashback) ▪︎ 2.40% benefit on all non-travel spends – if you redeem reward points for partner points of airlines & hotels : You earn 6 EDGE reward points worth 2.40 partner points (of airlines & hotels) , on every ₹100 you spend on all non-travel spends. Since 5 EDGE reward points = 2 partner points, OR 1 EDGE reward point = 0.40 partner points. ■ Exceptions : You do not earn any EDGE Miles on fuel surcharge waiver transactions, insurance spends (amount > ₹5000), and wallet recharge. If one assumes an average rate of 1 partner point = ₹1, then you can get 12% benefit in ₹ terms on your travel spends. The conversion rate could be less, but many people extract a value of much more than ₹1 per partner point also. Hence we have mentioned here an average rate of ₹1 per partner point to give you an indication. The conversion rate depends on many factors. Airline & Hotel partners ▪︎ Airline partners : AirAsia, Air Canada, Air France–KLM, Ethiopian Airlines, Etihad Airways, Japan Airlines, Qantas Airways, Qatar Airways, Singapore Airlines, Spicejet, Thai Airways, Turkish Airlines, United Airlines, Vistara ▪︎ Hotel partners : Accor, ITC, IHG Hotels and Resorts, Marriott International Wyndham Hotels & Resorts |
| On card spends above ₹1.50 lakhs per month ■ 17.50% – 35% special benefit on travel spends ■ 3.50% – 7% benefit on all other spends | ▶︎ 17.50% – 35% special benefit on travel spends, via Travel EDGE (5X) ▪︎ 17.50% benefit on travel spends – if you redeem reward points for cashback : You earn 87.50 EDGE reward points worth ₹17.50, on every ₹100 you spend on travel. (since 1 EDGE reward point = ₹0.20 or 20 paise cashback) ▪︎ 35% benefit on travel spends – if you redeem reward points for partner points of airlines & hotels : You earn 87.50 EDGE reward points worth 35 partner points (of airlines & hotels) , on every ₹100 you spend on travel. Since 5 EDGE reward points = 2 partner points, OR 1 EDGE reward point = 0.40 partner points. ▪︎ Travel bookings need to be done on Travel EDGE, a travel portal from Axis Bank on which it offers the best deals on flights & hotels from various travel suppliers. ▶︎ 3.50% – 7% benefit on all other spends (X) ▪︎ 3.50% benefit on all non-travel spends – if you redeem reward points for cashback : You earn 17.50 EDGE reward points worth ₹3.50 , on every ₹100 you spend on all other purchases. (since 1 EDGE reward point = ₹0.20 or 20 paise cashback) ▪︎ 7% benefit on all non-travel spends – if you redeem reward points for partner points of airlines & hotels : You earn 17.50 EDGE reward points worth 7 partner points (of airlines & hotels) , on every ₹100 you spend on all other purchases. Since 5 EDGE reward point = 2 partner points, OR 1 EDGE reward point = 0.40 partner points. ▪︎ Exceptions : You do not earn any EDGE Miles on fuel surcharge waiver transactions, insurance spends (amount > ₹5000), and wallet recharge. Airline & Hotel partners ■ Airline partners : AirAsia, Air Canada, Air France – KLM, Ethiopian Airlines, Etihad Airways, Japan Airlines, Qantas Airways, Qatar Airways, Singapore Airlines, Spicejet, Thai Airways, Turkish Airlines, United Airlines, Vistara ■ Hotel partners : Accor, ITC, IHG Hotels and Resorts, Marriott International Wyndham Hotels & Resorts |
| Unlimited complimentary airport lounge access – both in India and abroad | International lounges – You enjoy unlimited complimentary international lounge visits through the Priority Pass Program. – You are also allowed 8 guest visits per calendar year. – To access eligible lounges and other details, please visit www.prioritypass.com. Domestic lounges – You enjoy unlimited complimentary domestic lounge visits in India, including your add-on card holder. – For full details and list of lounges, please click here Axis Magnus Domestic Lounges Program. And refer to section called ‘participating lounges for Set B’. |
| Complimentary airport concierge service – 8 times per year | – You receive complimentary Airport Meet & Greet Services (includes assistance with airport processes like check-in, security check, immigration, and porter services) – 8 times per year – You can use the services for yourself and your accompanying guests. – The services are valid for domestic and international departures/arrivals at 16 airports across India. – Bookings must be made at least 48 hours in advance. |
| Entertainment benefits – Upto ₹30,000 worth of yearly movie benefits on BookMyShow – Upto ₹12,000 worth of yearly dining benefits, on EazyDiner | BookMyShow benefits – You get upto ₹500 off on the second ticket , when you purchase one ticket – This offer is valid on both movie or non-movie bookings – You can use this offer upto 5 times within the same month EazyDiner benefits (Axis Bank Eazy Diner Program) – You enjoy a 40% discount (up to ₹1000), at partner restaurants all over India. – Minimum order amount of ₹2500 – Offer is valid once a month |
| 1% fuel surcharge waiver | You get a 1% fuel surcharge waiver , at all fuel stations across India – only on fuel transactions between ₹400 and ₹4000. |
| Reduced foreign transaction fee of 2% | You get reduced forex markup fee of 2% , on the value of international transactions |
| ₹12,500 annual fee | Annual Fee Offers – Welcome offer worth ₹12500 : You can choose from the following options – Luxe gift voucher, Postcard Hotels gift voucher, or a complimentary one-way economy class ticket. You are eligible for this offer after you do the first transaction on your card , within 30 days of card issuance. Renewal offer : Renewal fee is not charged from the 2nd year onwards, if you spend ₹25 lakhs or more in the previous year. |
| Minimum income requirements | ₹18 lakhs per annum – evidenced by salary proof OR income tax return (ITR) |
Pros and Cons of Axis Bank Magnus Credit Card
Pros
- This card is ideal for frequent travellers, especially very high spenders
- Very good lifestyle benefits , especially travel related like unlimited complimentary access to airport lounges both within India and abroad
Cons
- For non-travellers, this may not be a very attractive card since higher reward rates are only available on travel spends, and especially if you convert your reward points to partner points of airlines and hotels
- High annual spend target to get annual fee waived of from 2nd year onwards
Comparison With Other Credit Cards
| Features |
IDFC FIRST Millennia Credit Card
Our Rating
APPLY NOW
|
|---|---|
| Reward Rates | 0.75% – 2.5% |
| Other benefits | Fuel surcharge waiver of 1% |
| Annual Fee | Nil |
| Annual Fee Offers | Nil |
| Minimum Income | Not Specified |
Full Review of the Axis Bank Magnus Credit Card
Features & Benefits of the Axis Bank Magnus Credit Card
6% – 12% special benefit on travel spends (5X) || 1.20% – 2.40% benefit on all non-travel spends (X) : on spends upto ₹1.50 lakhs per month
6% – 12% special benefit on all travel spends, via Travel EDGE (5X)
■ 6% benefit on travel spends – if you redeem reward points for cashback : You earn 30 EDGE reward points worth ₹6 , on every ₹100 you spend on all travel spends. Since 1 EDGE reward point = ₹0.20 or 20 paise cashback.
■ 12% benefit on travel spends – if you redeem reward points for partner points of airlines & hotels : You earn 30 EDGE reward points worth 12 partner points (of airlines & hotels) , on every ₹100 you spend on all travel spends. Since 5 EDGE reward point = 2 partner points, OR 1 EDGE reward point = 0.40 partner points.
▪︎ Travel bookings need to be done on Travel EDGE, a travel portal from Axis Bank on which it offers the best deals on flights & hotels from various travel suppliers.
1.20% – 2.40% benefit on all non-travel spends (X)
■ 1.20% benefit on all non-travel spends – if you redeem reward points for cashback : You earn 6 EDGE reward points worth ₹1.20 , on every ₹100 you spend on all non-travel spends. Since 1 EDGE reward point = ₹0.20 or 20 paise cashback.
■ 2.40% benefit on all non-travel spends – if you redeem reward points for partner points of airlines & hotels : You earn 6 EDGE reward points worth 2.40 partner points (of airlines & hotels) , on every ₹100 you spend on all non-travel spends. Since 5 EDGE reward points = 2 partner points, OR 1 EDGE reward point = 0.40 partner points.
Airline & Hotel partners
■ Airline partners: AirAsia, Air Canada, Air France – KLM, Ethiopian Airlines, Etihad Airways, Japan Airlines, Qantas Airways, Qatar Airways, Singapore Airlines, Spicejet, Thai Airways, Turkish Airlines, United Airlines, Vistara
■ Hotel partners: Accor, ITC, IHG Hotels and Resorts, Marriott International Wyndham Hotels & Resorts
■ On all partners, 1 EDGE Mile = 2 partner points, except Marriott International where 1 EDGE Miles = 1 partner point.
Important conditions
■ No rewards are given on fuel surcharge waiver transactions, insurance spends (amount > ₹5000), and wallet recharge.
■ There is a maximum annual cap of 5,00,000 EDGE Reward Points that can be converted to Partner Points using a single customer ID. This conversion limit applies from September 1, 2023, to December 31, 2023.
If one assumes an average rate of 1 partner point = ₹1, then you get 10% benefit in ₹ terms. The conversion rate could be less, but many people extract a value of much more than ₹1 per partner point. Hence we have mentioned here an average rate of ₹1 per partner point to give you an indication. The conversion rate depends on many factors.
17.50% – 35% special benefit on travel spends (5X) || 3.50% – 7% benefit on all non-travel spends (X) : on spends above ₹1.50 lakhs per month
17.50% – 35% special benefit on all travel spends, via Travel EDGE (5X)
■ 17.50% benefit on travel spends – if you redeem reward points for cashback : You earn 87.50 EDGE reward points worth ₹17.50, on every ₹100 you spend on all travel spends. Since 1 EDGE reward point = ₹0.20 or 20 paise cashback.
■ 35% benefit on travel spends – if you redeem reward points for partner points of airlines & hotels : You earn 87.50 EDGE reward points worth 35 partner points (of airlines & hotels) , on every ₹100 you spend on all travel spends. Since 5 EDGE reward point = 2 partner points, OR 1 EDGE reward point = 0.40 partner points.
▪︎ Travel bookings need to be done on Travel EDGE, a travel portal from Axis Bank on which it offers the best deals on flights & hotels from various travel suppliers.
3.50% – 7% benefit on all non-travel spends spends (X)
■ 3.50% benefit on all non-travel spends – if you redeem reward points for cashback : You earn 17.50 EDGE reward points worth ₹3.50 , on every ₹100 you spend on all non-travel spends. Since 1 EDGE reward point = ₹0.20 or 20 paise cashback.
■ 7% benefit on all non-travel spends – if you redeem reward points for partner points of airlines & hotels : You earn 17.50 EDGE reward points worth 7 partner points (of airlines & hotels) , on every ₹100 you spend on all non-travel spends. Since 5 EDGE reward point = 2 partner points, OR 1 EDGE reward point = 0.40 partner points.
Important conditions
■ No rewards are given on fuel surcharge waiver transactions, insurance spends (amount > ₹5000), and wallet recharge.
■ There is a maximum annual cap of 5,00,000 EDGE Reward Points that can be converted to Partner Points using a single customer ID. This conversion limit applies from September 1, 2023, to December 31, 2023.
If one assumes an average rate of 1 partner point = ₹1, then you get 10% benefit in ₹ terms. The conversion rate could be less, but many people extract a value of much more than ₹1 per partner point. Hence we have mentioned here an average rate of ₹1 per partner point to give you an indication. The conversion rate depends on many factors.
Unlimited complimentary airport lounge access – both in India and abroad
International lounges
– You enjoy unlimited complimentary international lounge visits through the Priority Pass Program.
– You are also allowed 8 complimentary guest visits per calendar year, the guest/s need to be accompanying you.
You shall get the Priority Pass card with your credit card’s welcome kit. You need to swipe the Priority Pass Card at eligible airport lounges. You can check eligible lounges at www.prioritypass.com.
The Priority Pass Membership Card matches the credit card’s status; if the credit card is blocked, so is the Priority Pass card. Unblocking the Priority Pass card after updating the credit card might take up to 24 working hours.
For more details, please click here Axis Magnus International Airport Lounges Program.
Domestic lounges
– You enjoy unlimited complimentary domestic lounge visits in India, including your add-on card holder.
You need to swipe your Axis Bank Magnus Credit Card at the eligible airport lounges to avail your free visits. A transaction of Rs.25/- will be made on the credit card for authentication, which will be reversed within 24 working hours.
For full details and list of lounges, please click here Axis Magnus Domestic Lounges Program. And refer to section called ‘participating lounges for Set B’.
Complimentary airport concierge service – 8 times per year
– You receive complimentary Airport Meet & Greet Services (includes assistance with airport processes like check-in, security check, immigration, and porter services) – 8 times per year. – You can use the services for yourself and your accompanying guests.
– The services are valid for domestic and international departures/arrivals at 16 airports across India.
– Bookings must be made at least 48 hours in advance.
– You need to book this service on www.extraordinaryweekends.com. After requesting the service, you shall receive a confirmation email with details, including the time to meet the service team at the airport.
For full details of this service, please visit here Axis Magnus Airport Concierge Service.
Movie & dining benefits – on BookMyShow and EazyDiner
BookMyShow Benefits
– You get upto ₹500 off on the second ticket , when you purchase one ticket.
– This offer is valid on both movie or non-movie bookings.
– You can use this offer upto 5 times within the same month.
EazyDiner Benefits (Axis Bank Eazy Diner Program)
– You enjoy a 40% discount (up to ₹1000), at partner restaurants all over India.
– This offer is valid on a minimum order amount of ₹2500.
– Hence you get 40% discount on an order of ₹2500. The discount% falls as your order amount increases above ₹2500. For example if your order amount is ₹4000, your discount% will be 25%, since the maximum discount is fixed at ₹1000.
– You can avail this offer once a month.
Medical concierge program
You get various kinds of medical services, access as well as attractive discounts from the comfort of your home. Please refer full list below –
- Tele-consultation with qualified doctors anytime, anywhere.
- Specialist appointments for teleconsultation.
- Discounted Home Quarantine Services (up to 15% off).
- 10% off on digitizing Health records.
- Nursing Assistance @ Home (special rates)*.
- Physiotherapy @ Home at special privilege rates*.
- Diet & Nutrition Consultation @ Home.
- Health Coach Advice @ Home with discounts.
- Personalized Oncology Care at 15% off by Carer.
*Available in select cities (Mumbai, Hyderabad, and Bengaluru).
To enjoy these benefits, you need to contact the concierge at 1800 103 4962.
Second medical opinion – from reputed international hospitals
– You can get a second medical opinion, providing referral-based access to renowned international hospitals, like Massachusetts General Hospital, The Brigham and Women’s Hospital, Dana-Farber Cancer Institute, and more.
– Various services are offered like File Review, Telephone Consult, Specialist Appointments, and more.
– You need to call the concierge desk at 1800 103 4962 or email at AxisBankConcierge@aspirelifestyles.com.
Axis Magnus Card provides you access to this service, but is not complimentary – a US$300 coordination fee applies. The service also doesn’t cover costs or incidental charges. Please click here to get all details.
Other Benefits for Cardholders
| 1% fuel surcharge waiver | You get a 1% fuel surcharge waiver , at all fuel stations across India – only on fuel transactions between ₹400 and ₹4000 |
| 2% forex transaction fee | You enjoy reduced 2% fee on the value of all international transactions. Most cards charge around 3.50% forex fee, hence this is a valuable benefit for those who travel abroad frequently. |
| Complimentary insurance covers | Complimentary insurance coverage for : – counterfeit or lost cards up to the card credit limit – purchase protection up to ₹2 Lakhs – loss or delay in baggage and personal documents (up to US$ 500) – credit shield protection up to ₹5 Lakhs. For full details and terms and conditions, please refer to the Axis Insurance Detailed Terms and Conditions. |
| Security features | Chip and PIN technology – security for offline transactions : In the past, credit cards typically used a magnetic stripe located on the back of the card to store and transact data. However, the latest generation of credit cards includes a CHIP and PIN feature, which provides enhanced security. Only you know your PIN, so even if your card is lost, it is unlikely to be misused since BOTH the physical card and the PIN must be spent on the card. Two-factor authentication – security for online transactions : When making an online transaction, you approve your online transaction by using a One-time Password (OTP) you get on your mobile phone. Since only you know the OTP, the card is unlikely to be misused unless someone has access to your card details AND mobile phone. This ensures a safe online purchase experience. SMS alerts and notifications – for both offline and online transactions : For your peace of mind, you get free SMS alerts and notifications for all your credit card transactions. Hence you will know about all transactions on your card. In the unlikely scenario of misuse of your card, you would still get these alerts and notifications – which will help you immediately block your credit card. |
| 24/7 customer support | Please click here for all the options to contact the bank for various issues and escalations. |
Fees and Charges of Axis Bank Magnus Credit Card
Annual fee & annual fee offers
| Annual fee | Annual fee offers | |
|---|---|---|
| 1st year joining fee | ₹12,500 | Welcome offer worth ₹12500 : – You can choose from the following options – Luxe gift voucher, Postcard Hotels gift voucher, or a complimentary one-way economy class ticket. – You are eligible for this offer after you do the first transaction on your card , within 30 days of card issuance. – Please click here for details. |
| Renewal fee from 2nd year onwards | ₹12,500 | Renewal offer : Renewal fee is not charged from the 2nd year onwards, if you spend ₹25 lakhs or more in the previous year. – Spends that fall under any of the following categories won’t be counted towards the annual fee waiver spend target of ₹25 lakhs – rental spends, wallet transactions, utility spends, spends on government institutions, Priority Pass spends and EMI transactions. |
Late payment fee
Late payment fee is charged if you do not pay even the minimum amount due on your card bill, before the bill due date.
| Amount due | Late fee |
|---|---|
| Less than ₹500 | Nil |
| ₹501 – ₹5000 | ₹500 |
| ₹5001 – ₹10,000 | ₹750 |
| More than ₹10,000 | ₹1200 |
Foreign currency markup fee
2% of transaction value. This fee is charged when you use your card outside India.
Finance charges
3% per month.
Important Note
– GST/ other applicable taxes as per current laws, will be applicable on all fees and charges
– To view all/updated fees & charges on this card, please click here – Axis Magnus Credit Card Fees & Charges
Eligibility Criteria
| Minimum age | 18 years |
| Maximum age | 70 years |
| Occupation | Salaried, self-employed |
| Minimum income requirements | ₹18 lakhs per year |
| Credit score | Preferably above 750 |
| Residential status | The individual should be a resident of India |
approve or decline applications for credit card.
Application Process
Step-by-step
| Online application process | The easiest way is to click here – APPLY NOW , you shall be taken to the card application page on the Axis Bank website. You can also visit official website of the bank and fill out the application form. Steps : – Fill up the application form – Make sure to submit the required documents, including identity proof (voter card, Aadhar card, PAN card, etc. – any one), address proof (Aadhar card, voter card, PAN card, driving licence, etc. – any one), and proof of income (salary slips, audited ITR acknowledgement – as applicable) – Review your application and click submit – Await confirmation from Axis Bank regarding the status of your application. |
| Offline (face to face) application process | You can visit any of the nearest branches of the bank and talk to an executive regarding the process. |
| Tracking your credit card application | Please click here – Axis Bank Credit Card Application Status , to track the status of your Axis Bank credit card application. |
Necessary documents and verification
| Required documents | – PAN card photocopy – Colour photograph – Income proof : Latest payslip/Form 16/IT return copy – Residence proof (any one of the following) : Passport , Ration card, Electricity bill, Landline telephone bill – Identity proof (any one of the following) : Passport, Driving license, PAN card, Aadhaar card Please note that this list is only indicative. Documents required may vary on a case-to-case basis. |
Conclusion
In conclusion, Axis Bank Magnus Credit Card is one of the best premium cards in India, even after the much publicised devaluation which happened recently. You get attractive rewards on travel spends, and also best-in-class lifestyle benefits like unlimited airport lounge access both in India and abroad, airport & medical concierge service, as well as complimentary entertainment benefits.
Apply Nowon Axis Bank website
Frequently Asked Questions
How does the complimentary Airport Meet & Greet Service work?
This service provides a smooth airport experience with assistance for check-in, security checks, immigration processes, and porter services. You are entitled to use this service upto 8 times per year, making your airport journey hassle-free.
Can I access lounges with the Axis Bank Magnus Credit Card?
Yes, you can enjoy unlimited international and domestic lounge access. The Priority Pass membership card provides access to select international airport lounges, allowing you to relax and unwind while waiting for your flight.
What is the Medical Concierge Program?
The Medical Concierge Program offers teleconsultation with qualified doctors, specialist appointments, home quarantine services, and more. It brings healthcare services to your doorstep, ensuring your well-being from the comfort of your home. You get attractive discounts on various kinds of services under this program.
How does the Baggage Loss Protection work?
This benefit provides coverage up to a specified limit. It covers costs incurred due to loss, and certain conditions apply.
On this page
- Brief overview
- Pros and cons
- Detailed look at the card
- Features & benefits
- Card fees & charges
- Eligibility criteria
- Application process
- Other cardholder benefits
- Frequently asked questions
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