Our Money Guide

By: OurMoneyGuide || Last updated on: May 4, 2024

Axis Bank Reserve Credit Card is one of the best premium cards in India. You get a host of lifestyle benefits, like unlimited airport lounge access both in India and abroad, multiple complimentary hotel & dining memberships, golf benefits, movie benefits, insurance benefits, and more.

Apply Now

on Axis Bank website

Axis Bank Reserve Credit Card

Special Benefits

3% – 6% reward on international card spends

Other Benefits

Unlimited complimentary airport lounge access both in India and abroad

Minimum Income

Not specified

Annual Fee

₹50,000

Annual Fee Offers

Welcome offers : Multiple complimentary hotel & dining memberships
Renewal fee waived on annual card spend of ₹35 lakhs

Pros and Cons of Axis Bank Reserve Credit Card

Pros

  • Super premium card, with a host of lifestyle benefits – travel, golf, hotels, dining, movies and more

Cons

  • High card spend requirements to get an annual fee waiver

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 Reserve Credit Card

Features & Benefits of the Axis Bank Reserve Credit Card

1.50% – 3% reward on all card spends in India (X) || 3% – 6% reward on all international card spends (2X)

Unlimited complimentary airport lounge access – both in India and abroad

Complimentary airport concierge services – 8 times per year

Free golf rounds in India – 50 per year

Complimentary movie benefits (upto 2500 per month) and non-movie benefits (upto 5000 per month) – at BookMyShow

Complimentary hotel & dining memberships

Complimentary insurance benefits

Fuel surcharge waiver, upto ₹400 per month

Partner offers from Axis Bank – reward multiplier offers on gift vouchers & at partners || cashback & discount offers

Applicable categories and partners
Cashback OR reward point multiplier benefit, at a variety of partners – on Axis Grabdeals platform.

Limits & restrictions : You can earn a maximum of 5000 rewards points per month / maximum cashack of ₹1000 per month

Please note-
– Please use Axis Bank Reserve Credit Card for both card authentication (when you go from Axis Grabdeals platform to the respective merchant store) and final payment
– Offer will NOT be applicable on items that were already in your shopping cart (added during a previous online session). Items need to be added post landing from the Axis Bank Grab Deals platform only
Please click here for latest offers.

– You need to choose between availing the cashback offer, OR the reward point multiplier offer at the partners listed on this page.
– You will be redirected to the respective merchant, after you click on the respective merchant offer.
Cashback and discount offers

Limits & restrictions : Please note the offers conditions mentioned against each offer
Please click here for latest offers.

You will be redirected to the respective merchant, after you click on the respective merchant offer.
Deals on gift vouchers – vouchers discounts and reward multiplier offers on select gift vouchers

Limits & restrictions : Please note the offers conditions mentioned against each gift voucher offer, some gift vouchers can have a maximum monthly purchase restrictions. Please click here for more details.
Please click here for latest offers.

Fees and Charges of Axis Bank Magnus Credit Card

Annual fee & annual fee offers

Annual feeAnnual fee offers
1st year joining fee₹50,000Welcome offer : Multiple complimentary hotel & dining memberships, as covered in the sections above
Renewal fee from 2nd year onwards₹50,000Renewal offer : Renewal fee is not charged from the 2nd year onwards, if you spend ₹35 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 ₹35 lakhs – gold/jewelry, rent, wallet, government institution, insurance, fuel, utilities, EMI transactions, cash withdrawals on the card, payments of card fee & charges

Foreign currency markup fee
1.50% 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 Credit Card Fees & Charges

Eligibility Criteria

Minimum age18 years
Maximum age70 years
Occupation Salaried, self-employed
Minimum income requirementsNot specified
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

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 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