Axis Magnus Premium Credit Card
axis bank Axis Bank

Axis Magnus Premium Credit Card

cat name Travel
cat name Reward Points

Best Suited For: Rewards & Travel

Joining Fee: ₹12,500* Plus Applicable Taxes

Renewal Fee: ₹12,500* Plus Applicable Taxes

cat name Travel
cat name Reward Points

Best Suited For: Rewards & Travel

Joining Fee: ₹12,500* Plus Applicable Taxes

Renewal Fee: ₹12,500* Plus Applicable Taxes

Best Features:- Buy one movie/event ticket on BookMyShow and get up to Rs. 500 off on the second ticket.

credit score
credit card apply now

The Axis Bank Magnus Credit Card is a premium card specifically designed for high-net-worth individuals. With a joining fee of ₹12,500, this card provides exceptional benefits across travel, dining, entertainment, and lifestyle. Magnus cardholders enjoy access to both domestic and international airport lounges, premium international transaction benefits with a low Forex markup fee, and no cash withdrawal charges (interest charges apply). You can get your annual fee waived by spending ₹25 lakh or more in a year making it suitable for high-spending traveler.

Best Credit Cards in India | Check Eligibility & Apply Online

All You Need To Know

Card Type

Rewards & Travel

Welcome Benefits
  • Joining Fee: ₹12,500 + GST.
  • Gift on First Transaction: Receive a Luxe gift card, Postcard Hotels voucher, or Yatra voucher worth ₹12,500 after your first transaction within 30 days.
  • Annual Gift: You’ll receive a complimentary domestic airline ticket or a Tata CLiQ voucher worth ₹10,000 as an annual benefit.
Rewards Program
  • Earning Rates:
    • 12 EDGE Reward Points per ₹200 spent on retail purchases up to ₹1.5 lakh/month.
    • 35 EDGE Reward Points per ₹200 spent beyond ₹1.5 lakh/month.
    • 60 EDGE Reward Points per ₹200 spent on Travel EDGE portal purchases (up to ₹2 lakh/month).
    • 35 EDGE Reward Points per ₹200 spent on Travel EDGE transactions exceeding ₹2 lakh/month.
  • Exclusions: No rewards on transactions related to wallet loads, rent payments, EMI, utilities, government payments, insurance, fuel, gold, and jewellery purchases (effective April 20, 2024).
Travel Benefits
  • International Lounge Access: Unlimited Priority Pass lounge visits with four additional complimentary guest visits annually.
  • Domestic Lounge Access: Unlimited access for both primary and add-on cardholders.
    • From May 1, 2024, complimentary access will require a minimum spend of ₹50,000 in the previous three months.
Lifestyle & Entertainment
  • Dining Discounts:
    • Up to 30% off at 4,000+ restaurants via the Dining Delights Program.
    • EazyDiner discounts of up to 40% (₹1,000 cap per booking).
  • Entertainment Offers:
    • BookMyShow: ₹500 off per ticket, up to 5 times a month.
Insurance Benefits
  • Purchase Protection: ₹2 lakh coverage for purchases made with the card.
  • Credit Shield: ₹5 lakh coverage against fraudulent transactions if the card is lost or stolen.
  • Travel Insurance:
    • Baggage and Document Loss: Up to $500 for loss or delay of personal belongings during travel.
Additional Benefits
  • Annual Fee Waiver: Spend ₹25 lakh in a year to waive the annual fee of ₹12,500.
  • Interest Rate: Reduced to 3% per month on outstanding balances.
  • Foreign Currency Mark-up: Reduced to 2% for international transactions.
  • Cash Withdrawals: No fees for cash withdrawals.
  • Fuel Surcharge Waiver: 1% waiver on transactions between ₹400 and ₹4,000.
Concierge Services
  • 24/7 Concierge Support: Assistance with travel bookings, gift deliveries, dining reservations, and more.
  • Medical Concierge: Access to preventive healthcare programs, second opinions, and global medical assistance.
Exclusive Travel Offers
  • Discounts and offers on stays at Oberoi Hotels.
  • Enhanced rewards and deals through the Travel EDGE portal.

Axis Bank Magnus Premium Credit Card Eligibility:

Criteria Details
Age Requirement 18 to 70 years
Occupation Salaried and Self-employed
Minimum Income Required Rs. 18 lakh p.a.
Documents Required Click here for the list of acceptable documents

Here are some of the other fees and charges associated with the Axis Magnus Credit Card:

Fees / Charges Amount
Joining Fee Rs. 3,000
Annual Fee Rs. 12,500 (Waived off on annual spends of Rs. 25 Lakh)
Foreign exchange mark-up fee 2%
Cash withdrawal fee Nil
Finance Charges 3.0% p.m. (42.58% p.a.)
Late Payment Charges** For Statement Balance
  • Less than Rs. 500: Nil
  • From Rs. 501 to Rs. 5,000: Rs. 500
  • From Rs. 5,001 to Rs. 10,000: Rs. 750
  • Greater than Rs. 10,000: Rs. 1,200

Apply for Axis Bank Magnus Credit Card

Apply Now
apply card image

FAQs

The Axis Bank Magnus Credit Card offers a range of premium benefits, including unlimited complimentary international lounge access, unlimited domestic lounge access. You also get 12 EDGE reward points for every Rs. 200 spent on monthly transactions, and exclusive travel and lifestyle perks. It’s designed for those who seek top-tier rewards and privileges.

The joining fee for the Axis Magnus Credit Card is Rs. 12,500 + GST. But, this fee is refunded in the form of a Luxe gift card, Postcard Hotels voucher, or a Yatra voucher, after making the first transaction within 30 days of card issuance.

You can earn EDGE reward points in several ways:

  • 12 EDGE reward points for every Rs. 200 spent on monthly transactions up to Rs. 1.5 lakh
  • 35 EDGE reward points for every Rs. 200 spent beyond Rs. 1.5 lakh
  • 60 EDGE reward points for every Rs. 200 spent on the Travel EDGE portal up to Rs. 2 lakh

The Axis Magnus Credit Card offers unlimited complimentary international lounge access with Priority Pass and unlimited domestic lounge access. Additionally, the card provides travel discounts, healthcare benefits, and leisure offers.

Yes, you can use the Axis Magnus Credit Card to pay utility bills and earn 12 EDGE reward points for every Rs. 200 spent on eligible transactions.

Yes, transactions related to wallet payments, rent, EMI, utilities, government institution payments, and purchases of fuel, gold, and jewelry (starting April 2024) are excluded from earning EDGE reward points.

You can redeem your EDGE reward points through the Axis Bank Travel EDGE platform, where points can be used to book flights, hotels, and activities. Alternatively, points can be transferred to frequent flyer programs of partner airlines.

Yes, the Axis Magnus Credit Card offers unlimited complimentary domestic and international lounge access every year.

To apply for the Axis Magnus Credit Card, you need documents such as your PAN card, Aadhar card, passport, utility bill, salary slip, Form 16, and Income Tax Returns (ITR).

Please click the links below to find details and instructions related to Axis Bank Credit Cards that can help you in easily managing your card:

Check if you are eligible for the Axis Magnus
Credit Card on mybankingtips.com

Apply Now

Axis Bank Credit Cards

Credit Card by Banks

Related Articles

Best Credit Cards For