Our Money Guide

By: OurMoneyGuide || Last updated on: May 1, 2024

Axis Bank Magnus Credit Card is one of the best premium cards in India, with a minimum annual income requirement of ₹24 lakhs. You get attractive rewards on travel spends, and also lifestyle benefits like unlimited airport lounge access both in India and abroad, dining and insurance benefits.

Brief Summary

4.25 / 5

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.

on Axis Bank website

Axis Bank Magnus Credit Card

Special Benefits

6%-12% reward on travel spends

Other Benefits

Unlimited complimentary airport lounge access both in India and abroad

Minimum Income

₹24 lakhs per year

Annual Fee


Annual Fee Offers

Welcome offer worth ₹12,500
Renewal fee waived on annual card spend of ₹25 lakhs

Pros and Cons of Axis Bank Magnus Credit Card


  • This card is ideal for frequent travellers, especially very high spenders
  • Good lifestyle benefits , especially travel related like unlimited complimentary access to airport lounges both within India and abroad


  • For non-travellers, this may not be a very attractive card since card rewards can only be redeeemd for travel bookings

Comparison With Other Credit Cards

IDFC FIRST Millennia Credit Card
Our Rating
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% reward on travel spends till ₹2 lakhs per month || 3.50% – 7% reward on travel spends above ₹2 lakhs per month (5X)

1.20% – 2.40% reward on all other card spends till ₹1.50 lakhs per month || 3.50% – 7% reward on all other card spends above ₹1.50 lakhs per month (X)

Unlimited complimentary airport lounge access – both in India and abroad

40% discount (upto ₹1000) once a month, at participating restaurants – dining offer in partnership with EazyDiner (Dining Delights Program)

Complimentary insurance benefits

Fuel surcharge waiver, upto ₹400 per month

Fees and Charges of Axis Bank Magnus Credit Card

Annual fee & annual fee offers

Annual feeAnnual fee offers
1st year joining fee₹12,500Welcome offer : You get a voucher worth ₹12500. You can choose from either a Luxe gift voucher, OR The Postcard Hotels gift voucher, OR a Yatra gift voucher. This voucher is given on making the first card transaction within 30 days of card issuance.
Renewal fee from 2nd year onwards₹12,500Renewal 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 requirement of ₹25 lakhs – gold/ jewellery, rent, wallet, government institution, insurance, fuel, utilities merchants, Priority Pass spends, EMI transactions.

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 age18 years
Maximum age70 years
Occupation Salaried, self-employed
Minimum income requirements₹24 lakhs per year
Credit scorePreferably above 750
Residential statusThe individual should be a resident of India
*The above criteria are only indicative. The bank reserves the right to approve or decline applications for credit card.

Application Process


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 processYou can visit any of the nearest branches of the bank and talk to an executive regarding the process.
Tracking your credit card applicationPlease 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.
Apply Now

on Axis Bank website