Axis Bank Magnus Credit Card

Name: Axis Bank Magnus Credit Card
Brand: Axis Bank
Price: 12500 INR
Availability: InStock
Rating: 4.5 (1 reviews)

Overview

The Axis Bank Magnus Credit Card targets high-income professionals and frequent travellers who need unlimited lounge access and accelerated reward earning. With a ₹12,500 annual fee (plus GST), it occupies the premium tier below the invite-only Reserve and Burgundy Private cards. The welcome voucher worth ₹12,500 from Luxe, Postcard Hotels, or Yatra offsets the joining cost on day one.Reward points accumulate at 12 EDGE points per ₹200 on all spending up to ₹1.5 lakh per month. Once that threshold is crossed, the earn rate jumps to 35 points per ₹200 on incremental spends up to your credit limit plus ₹1.5 lakh. The Travel EDGE portal multiplies earnings to 5x, and EDGE points convert to partner airline miles at a 5:2 ratio across 20 travel loyalty programmes. This conversion makes the effective travel earn rate highly competitive.Lounge access is the headline benefit. The card provides unlimited complimentary international lounge visits via Priority Pass for the primary cardholder, plus 4 guest visits per year. Domestic airport lounges are also unlimited at select locations. Additional perks include up to 30% off at 4,000+ restaurants through Dining Delights, insurance benefits, and up to 15% off at Oberoi and Trident Hotels (domestic and international properties).The reduced forex markup of 2% (versus the standard 3.5% on most Axis cards) and no cash advance fees lower the cost of international usage. The interest rate is also reduced to 3% on extended credit compared to the typical 3.75%. Annual fee gets waived on ₹25 lakh spend in the preceding year. For spenders below ₹10 lakh annually, the Atlas card at ₹5,000 may deliver better value per rupee of fee paid.

Pros

↑Unlimited international lounge access via Priority Pass with 4 guest visits per year, plus unlimited domestic lounge visits, is rare at this fee level
↑35 EDGE points per ₹200 on monthly spends above ₹1.5 lakh delivers one of the highest earn rates among Indian premium cards for heavy spenders
↑2% foreign currency markup instead of the usual 3.5% saves 1.5% on every international transaction, a meaningful difference for frequent travellers

Cons

↓₹12,500 annual fee (plus GST) requires ₹25 lakh annual spend for waiver, making it expensive for moderate spenders
↓Base earn rate of 12 EDGE points per ₹200 on the first ₹1.5 lakh monthly spend is not exceptional for a card at this price
↓Category exclusions on reward earning (fuel, rent, wallet, government, insurance, utilities) reduce the effective monthly qualifying spend

Key Highlights

Welcome Offer
Welcome voucher worth ₹12,500
Choose one: Luxe gift card, Postcard Hotels voucher, or Yatra voucher
Worth ₹12,500
Offsets the joining fee completely
One-time benefit on new card issuance

Reward Rate
12-35 EDGE pts per ₹200 spent
12 points per ₹200 up to ₹1.5L/month
35 points per ₹200 above ₹1.5L/month
5x on Travel EDGE portal
5 points = 2 partner airline miles

Minimum Salary
₹24L+ net annual income
Salaried: ₹24 lakh net annual salary
Self-employed: ₹24 lakh ITR
Age: 18 to 70 years
Indian resident

Joining Fee
₹12,500 + GST
Joining fee: ₹12,500 + 18% GST
Welcome voucher worth ₹12,500 offsets the cost

Annual Fee
₹12,500 + GST (waived on ₹25L spend)
Annual fee: ₹12,500 + GST
Waived on ₹25 lakh spend in preceding year

Why Choose?
Unlimited lounges, premium dining, travel perks
Unlimited international + domestic lounge access
4 guest lounge visits/year
30% off at 4,000+ restaurants
15% off at Oberoi and Trident Hotels
Priority Pass included

Key Benefits

Dining

★4.0

▼

Up to 30% off at 4,000+ partner restaurants
Dining Delights programme
Extraordinary Weekends experiences
Portfolio offer, subject to periodic changes

Fuel

★3.0

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1% surcharge waiver on ₹400 to ₹4,000 fuel transactions
Maximum benefit: ₹400 per month
No EDGE points earned on fuel transactions

Lifestyle

★4.0

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Insurance benefits including purchase protection and lost card liability
Concierge services
Mastercard offers and experiences
Extraordinary Weekends programme

Reward Points

★4.5

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12 EDGE points per ₹200 up to ₹1.5L monthly spend
35 EDGE points per ₹200 above ₹1.5L
5x on Travel EDGE portal
5 points = 2 partner miles across 20 programmes
No earn on fuel, rent, wallet, government, insurance, utilities

Merchant Offers

▼

30% off at 4,000+ restaurants
15% off at Oberoi and Trident Hotels
Mastercard partner offers
5x on Travel EDGE portal

Travel

★5.0

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Unlimited international lounge visits via Priority Pass
Unlimited domestic lounge visits at select airports
4 guest lounge visits per year
5x EDGE points on Travel EDGE portal bookings
2% forex markup (vs standard 3.5%)
Up to 15% off at Oberoi and Trident Hotels

Airport Lounge Access

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Unlimited international visits via Priority Pass (primary cardholder)
Unlimited domestic visits at select airports
4 guest visits per year (international)
Priority Pass card issued with the credit card

Insurance

▼

Purchase protection coverage
Lost card liability programme
Details available via MITC document

Emi

▼

EMI conversion on eligible purchases
Reduced interest rate of 3% per month (vs standard 3.75%)

Detailed Information

Joining Fee	₹12,500 + GST
Annual Fee	₹12,500 + GST
Annual Fee Waiver	Waived on ₹25L spend in preceding year
Monthly Percentage Rate	3%
Annual Percentage Rate	36%
Minimum Monthly Payment	5% of outstanding or ₹200, whichever is higher
Foreign Currency Markup	2%
Late Payment Charges	Nil up to ₹500 due; ₹500 (₹501-₹5,000); ₹750 (₹5,001-₹10,000); ₹1,200 (above ₹10,000)
Overlimit Charges	2.5% of overlimit amount (min ₹500)
Cash Advance Fee	Nil
Card Replacement Fee	Nil
Fee For Duplicate Statement	Waived
Fee For Cheque Bounce	2% of payment amount (min ₹500)

Age Requirement Salaried	18-70 years
Age Requirement Self Employed	18-70 years
Minimum Annual Income Salaried	₹24 lakh net annual salary
Minimum Annual Income Self Employed	₹24 lakh ITR
Minimum Credit Score	750+ (indicative)

Identity Proof	PAN Card (mandatory) Passport Driving License Voter ID Aadhaar Card
Address Proof	Passport Driving License Electricity Bill Landline Telephone Bill
Income Proof Salaried	Latest payslip Form 16 IT return copy
Income Proof Self Employed	IT return copy Bank statement Business proof

Frequently Asked Questions

The annual fee is ₹12,500 plus 18% GST (₹14,750 total). This gets waived if your spending in the preceding year exceeds ₹25 lakh. The joining fee is also ₹12,500 plus GST, offset by a welcome voucher of equal value.

New cardholders receive a voucher worth ₹12,500 from one of three options: Luxe gift card, Postcard Hotels gift voucher, or Yatra gift voucher. This fully offsets the joining fee. The benefit applies once per cardholder and is not available on card re-issuance.

You earn 12 EDGE points per ₹200 on spending up to ₹1.5 lakh per calendar month. Once you cross ₹1.5 lakh in a month, the rate jumps to 35 EDGE points per ₹200 on all additional spend up to your credit limit plus ₹1.5 lakh.

Every 5 EDGE Reward points convert to 2 partner miles across 20 airline loyalty programmes. Transfer through the Axis Bank Mobile app or the Travel EDGE portal. A fee of ₹199 applies per transfer transaction.

Yes. The primary cardholder gets unlimited complimentary international lounge visits through Priority Pass and unlimited domestic lounge visits at select Indian airports. Guest visits are limited to 4 per year for international lounges.

The Magnus charges a 2% foreign currency markup, lower than the 3.5% charged on most Axis Bank cards. A 1.5% dynamic currency conversion fee applies separately if you transact in Indian rupees at international locations.

The finance charge is 3% per month (36% per annum), lower than the standard 3.75% on most Axis cards. This reduced rate applies to all extended credit balances. Paying the full statement balance by the due date avoids interest entirely.

No. The Magnus credit card waives cash advance fees entirely. However, interest charges of 3% per month still apply from the date of cash withdrawal with no interest-free period.

You need a net annual income of ₹24 lakh (salaried: salary; self-employed: ITR). The primary cardholder must be 18-70 years old and an Indian resident. Add-on cardholders must be over 18. Approval depends on the bank's assessment.

Yes. A 1% fuel surcharge waiver applies on transactions between ₹400 and ₹4,000, capped at ₹400 per month. Fuel transactions do not earn EDGE Reward points.

The card provides up to 30% off at over 4,000 partner restaurants through the Dining Delights programme. It also includes Extraordinary Weekends experiences and Mastercard dining offers. These are portfolio-level benefits subject to periodic changes.

Yes. Cardholders get up to 15% off at Oberoi and Trident Hotels, both domestic and international properties. This is an exclusive benefit for Magnus cardholders and applies to room bookings.

You need a PAN card (mandatory), income proof (latest payslip, Form 16, or IT return copy), and residence proof (passport, driving license, electricity bill, or landline bill). The exact documents may vary by case.

Magnus for Burgundy is a variant for Axis Bank Burgundy account holders with a higher annual fee of ₹30,000 (waived on ₹30L spend). It offers enhanced benefits including a higher miles conversion ratio of 5:4 (vs 5:2 on regular Magnus) and a ₹5,000 welcome voucher instead of ₹12,500.

Yes. A Priority Pass card is issued along with the Magnus credit card. This provides unlimited international lounge access for the primary cardholder. Guest visits using your Priority Pass are limited to 4 per year.

Fuel, rent, wallet loads, government institution payments, insurance premiums, and utility/telecom transactions do not earn EDGE Reward points.

Redeem through the Axis Bank Mobile app or the Travel EDGE portal for flights, hotels, and experiences. You can also transfer points to 20 airline partner loyalty programmes at a 5:2 ratio. A ₹99 fee applies per redemption and ₹199 per miles transfer.

Once your monthly spending crosses ₹1.5 lakh, the earn rate increases from 12 to 35 EDGE points per ₹200. The 35-point rate applies to all incremental spend above ₹1.5 lakh up to your credit limit plus ₹1.5 lakh per calendar month.

Yes. A 1% fee per transaction (plus GST) applies on rental payments. Rent transactions do not earn EDGE Reward points and are excluded from annual fee waiver spend calculations.

Late payment fees: nil if total due is up to ₹500, ₹500 for dues between ₹501-₹5,000, ₹750 for ₹5,001-₹10,000, and ₹1,200 above ₹10,000. An additional ₹100 applies per cycle if the minimum amount due is missed for two consecutive cycles.

Yes. Add-on cards have no joining or annual fee. The add-on cardholder must be over 18 years old. Spending on add-on cards counts toward the primary card's fee waiver threshold.

Bookings made through the Travel EDGE portal (traveledge.axisbank.co.in) earn 5 times the standard reward points. This applies to flights, hotels, and other travel products listed on the portal. Regular EDGE points are earned on the booking value.

The card includes purchase protection and lost card liability coverage. Specific coverage amounts and terms are detailed in the Most Important Terms and Conditions (MITC) document available on the Axis Bank website.

The Axis Bank Magnus Credit Card is issued on the Mastercard network. It carries Mastercard World Elite tier benefits including global Mastercard offers and experiences.

If your annual spend falls below ₹25 lakh, the full annual fee of ₹12,500 plus GST is charged for the next year. There is no partial fee reduction. The welcome voucher benefit applies only at card issuance, not on annual renewal.

Overview

Pros

Cons

Key Highlights

Key Benefits

Detailed Information

Frequently Asked Questions

Related Products

Pros

Cons