The Axis Magnus Credit Card is a premium credit card that gives great benefits in various areas. It lets you earn rewards at a high rate of 6%, and you earn even more when you spend over Rs. 1.5 Lakh in a month. This card is great for people who spend a lot. You also get unlimited access to both domestic and international airport lounges, special VIP services at the airport, and movie benefits worth up to Rs. 2,500 each month. Plus, you can get up to a 40% discount at select restaurants.To apply for this card, you need to be an Indian resident with an annual income of Rs. 18 Lakh or more.Here is all you need to know about Axis Magnus Credit Card and how it compares with other premium cards in the market.
Key Highlights of Axis Bank Magnus Credit Card |
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Best Suited For | Rewards & Travel |
Joining Fee | Rs. 12,500 |
Annual/ Renewal Fee | Rs. 12,500 |
Welcome Benefit | Get one complimentary domestic economy flight ticket or a Tata CLiQ voucher worth ₹10,000 upon successful activation of the card. |
Travel Benefit | Enjoy 8 complimentary end-to-end VIP concierge services at the airport and free unlimited international airport lounge access. |
Dining Discount | Get up to 40% discount at 4,000+ partner restaurants in India under the Dining Delights Program. |
Best Feature | Buy one movie/event ticket on BookMyShow and get up to Rs. 500 off on the second ticket (maximum of 5 tickets per month). |
Welcome Benefit
Lounge Access and Other Travel Benefits
Axis Magnus Credit Card offers significant savings on travel expenses for users.
While many super-premium credit cards provide unlimited complimentary lounge access, only a select few offer additional free visits for guests. Magnus, with its 8 free guest visits per year, is a valuable choice for frequent travelers. Additionally, the inclusion of airport concierge services at an annual fee of Rs. 12,500 sets it apart from most other cards in this category.
Movie Benefit:
Purchase one movie or event ticket on BookMyShow and receive a discount of up to Rs. 500 on the second ticket. This offer is applicable for a maximum of 5 tickets per month.
Dining Discount: Enjoy up to a 40% discount at over 4,000 partner restaurants across India through the Dining Delights Program.
Health & Wellness Benefits: Axis Magnus Credit Card provides insurance coverage and medical concierge services to its users.
Insurance Cover: Different insurance covers offered on this card are:
Global Travel and Medical Assistance: Cardholders can receive assistance with their travel needs, including pre-trip information, details on required inoculations and visa requirements, interpreter referrals, telephone medical advice, and more.
Medical Concierge Program: Users can access virtual health assistance for services like scheduling specialist appointments, receiving health coaching, tele-consultations, personalized oncology care, and more.
Second Medical Opinion: Cardholders can get second opinion and diagnosis from medical experts across world’s leading institutions.
Preventive Healthcare: Users get preventive healthcare packages from Metropolis and Dr. Lal Path Labs.
To avail any of the above medical services, cardholders should call on the concierge service at 1800 103 4962.
Rewards Benefits
With The Axis Magnus Credit Card, users can earn reward points as follows:
Exempted categories for EDGE rewards: Wallet, Rent, Priority Pass Fee, EMI, Utilities & Government Institution transactions.
Also read: Best Rewards Credit Cards in India
Axis Magnus Reward Points can be transferred to select airline or hotel loyalty programs at a ratio of 5:2. This means for every 50,000 Axis EDGE Reward Points, you'll receive 20,000 partner miles.
Alternatively, you can redeem your accumulated reward points through the EDGE Rewards catalog, where you'll find a variety of vouchers across different categories. You can also use the 'Pay with Point' option at partner stores. The redemption value against the product catalog is 1 Axis EDGE Reward Point = Rs. 0.20, though this value may vary depending on the brand and voucher.
Eligible flights and hotels are:
The base reward rate of 6% on The Axis Magnus Credit Card is one of the highest among premium credit cards. However, the card now has certain limits on reward earning. To maximize the card's earning potential, it's best to spend Rs. 1.5 lakh or more in a month. On the other hand, if you make travel bookings through the TRAVEL EDGE platform and keep your monthly spending below Rs. 2 lakh, you can save more.
Axis Bank has also changed the conversion rate of reward points on the Axis Magnus card from 5:4 to 5:2. However, if you have a Burgundy account with Axis Bank, you can still enjoy the 5:4 conversion rate.
Additionally, the milestone benefit of 25,000 bonus rewards for reaching Rs. 1 lakh in monthly spending has been discontinued. While higher reward rates are available, the new spending cap of Rs. 1.5 lakh may be too high for regular spenders.
Category | Spends (in INR) | Points – Axis Magnus | Points – HDFC Diners Club Black | Points – HDFC Infinia |
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Grocery | 15,000 | 900 | 500 | 500 |
Apparel | 20,000 | 1,200 | 666 | 666 |
Travel | 20,000 | 1,200 | 666 | 666 |
Dining | 10,000 | 600 | 333 | 333 |
Healthcare | 15,000 | 900 | 500 | 500 |
Fuel | 15,000 | 900 | 500 | 500 |
Others | 5,000 | 300 | 166 | 166 |
Total | 1,00,000 | 6,000 | 3,331 | 3,331 |
The redemption value on Axis Magnus is relatively lower compared to other premium cards like HDFC Infinia and Diners Club Black, which offer a higher value of 1 RP (Reward Point) = up to Rs. 0.50. Additionally, these cards allow cashback redemption at 1 reward point = Rs. 0.30, a feature that Axis Magnus does not provide. As a result, if you're looking for better value on redemption options beyond travel, you might want to consider HDFC Infinia or Diners Club Black.
However, if you are a high spender and primarily intend to redeem rewards for travel bookings, Axis Magnus can be a strong choice compared to other cards.
Here are some of the other fees and charges associated with the Axis Magnus Credit Card:
Fees / Charges | Amount |
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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
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The common eligibility criteria and documentation required to apply for Axis Magnus Credit Card:
Criteria | Details |
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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 |
Axis Magnus Credit Card offers a generous reward rate, unlimited lounge access, movie and dining benefits, and other premium privileges.
Here are some of the Best credit cards that provide benefits similar to theAxis Magnus Credit Card:
Credit Cards | Annual Fee (in INR) | Key Feature |
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HDFC Diners Club Black Credit Card | Rs. 10,000 | Complimentary Annual memberships of Club Marriott, Forbes, Amazon Prime, Swiggy One, MMT BLACK and Times Prime |
HDFC Infinia Credit Card* | Rs. 12,500 | Complimentary Club Marriott membership for first year; unlimited lounge access for primary and add-on members |
SBI Aurum Credit Card* | Rs. 10,000 | Unlimited international lounge access; Low foreign currency markup fee of 1.99% |
IndusInd Bank Legend Credit Card | Nil | Complimentary Priority Pass Membership for primary and add-on cardholders which gives access to 700+ lounges across the world |
ICICI Emeralde Credit Card | Rs. 12,000 | Unlimited complimentary international and domestic lounge visits |
To maximize the benefits on your Axis Bank Magnus Credit Card, consider the following strategies:
With 2 lakh loyalty points, you can obtain up to 6 economy class flight tickets, 3 premium economy tickets, or 1 Business Class ticket.
Please note: The redemption value of CV Points is based on the Vistara Airlines website as of October 2024, and is subject to change at the airline's discretion. Additionally, the example provided is for Delhi to London one-way flights; savings may vary for other destinations or connecting flights.
Axis Bank has introduced revised features and benefits for The Axis Magnus Credit Card, effective from October 2024, as listed in the table below:
Category | Existing Features | Revised Features effective 1st Sep 2023 |
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Welcome Benefit | 1 complimentary domestic flight ticket or a Tata CLiQ voucher worth Rs. 10,000 | Luxe gift card/ The Postcard Hotels/ Yatra voucher worth Rs. 12,500 |
Annual Fee | Rs. 12,500 | Complimentary Club Marriott membership for first year; unlimited lounge access for primary and add-on members |
Annual Fee Waiver | Waived off on annual spends of Rs. 15 Lakh | Waived off on annual spends of Rs. 25 Lakh |
Annual Benefit | Complimentary voucher worth Rs. 10,000 | Discontinued |
Monthly Milestone Benefit | 25,000 EDGE reward points worth Rs. 5,000 on spending Rs. 1 Lakh | Discontinued |
EDGE Rewards |
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EDGE Rewards Exclusion | No reward points on wallet, rent, Priority Pass fee and EMI transactions | No reward points on wallet, rent, Priority Pass fee, EMI, utilities & government institution transactions |
Milestone Transfer | 5 EDGE Reward Points = 4 Partner Points/ Miles (5:4) |
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*Cardholders can continue to earn the conversion ratio of 5:4 under a special offer by opening a Burgundy account by contacting the bank after October 2024.