Axis Bank Magnus for Burgundy Credit Card

Name: Axis Bank Magnus for Burgundy Credit Card
Brand: Axis Bank

WalletWalk Rating

Best for travellers and lifestyle perks

Last updated: 23-Aug-2025

Overview

The Magnus Credit Card for Burgundy by Axis Bank is a premium lifestyle card designed for individuals who value luxury travel, dining, and exclusive rewards, with exceptional perks like unlimited lounge access and milestone benefits.

Pros

↑Up to 35 eDGE RP / ₹200
↑Unlimited domestic airport lounge access

Cons

↓High Annual Fee
↓Limited Airport Concierge

Key Highlights

Welcome Offer
Voucher worth ₹12,500
Choose a ₹12,500 Luxe, Postcard, or Yatra voucher + Burgundy Magnus holders get vouchers worth ₹5,000

Reward Rate
12-35 RP / ₹200 + 5X on Travel eDGE
12 RP / ₹200 up to ₹1.5 lakh monthly spends
35 eDGE RP / ₹200 on spends above ₹1.5L per month
35 eDGE RP / ₹200 on spends above ₹1.5L per month

Minimum Salary
₹24,00,000

Joining Fee
₹12,500

Annual Fee
₹12,500 (Waived on eligible spends of ₹30L)
Waived on eligible spends of ₹30L

Key Benefits

Dining

▼

Up to 30% at 4,000+ restaurants

Fuel

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Fuel surcharge waiver on transactions between ₹400 and ₹4,000 (capped at ₹400 monthly)

Reward Points

▼

12-35 RP / ₹200 + 5X on Travel eDGE

Merchant Offers

▼

15% discount at Oberoi and Trident hotels, worldwide.

Travel

▼

15% discount at Oberoi and Trident hotels, worldwide.

Airport Lounge Access

▼

Unlimited international lounge visits and 4 guest passes with Priority Pass Program
Unlimited domestic lounge visits

Liability Protection

▼

You get zero lost card liability if reported promptly

Insurance

▼

Purchase protection, baggage delay insurance

Detailed Information

Joining Fee	₹12,500
Annual Fee	₹12,500 (Waived on eligible spends of ₹30L)
Annual Fee Waiver	Waived on eligible spends of ₹30L
Monthly Percentage Rate	3.00%
Annual Percentage Rate	42.58%
Foreign Currency Markup	2% of the transaction value
Late Payment Charges	₹500 - ₹1200 (Based on outstanding amount due)
Overlimit Charges	2.5% on over limit amount, min ₹500
Cash Advance Fee	Waived
Fee For Supplementary Card	No
Card Replacement Fee	No
Fee For Duplicate Statement	No
Fee For Cheque Bounce	2% of the payment amount, with a min ₹450; max ₹1500

Identity Proof	PAN card or Form 60
Address Proof	Passport, Driver’s License, Electricity / Landline Bill
Income Proof Salaried	Latest payslip / Form 16 / IT Return
Income Proof Self Employed	Latest IT return copy

Axis Bank Magnus for Burgundy Credit Card

Age Requirement Salaried	18 to 70 years
Age Requirement Self Employed	18 to 70 years
Minimum Annual Income Salaried	₹24,00,000
Minimum Annual Income Self Employed	₹24,00,000

Age Requirement Salaried	18 to 70 years
Age Requirement Self Employed	18 to 70 years
Minimum Annual Income Salaried	₹24,00,000
Minimum Annual Income Self Employed	₹24,00,000