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In late 2023, Axis Bank launched the Magnus for Burgundy Credit Card. The bank sent out emails to inform eligible customers of this exciting opportunity. This card provides all the benefits of the Magnus Credit Card, along with additional perks. Customers who meet the ‘Burgundy Relationship Eligibility Criteria’ can apply for this exclusive and super-premium credit card. The joining/annual fee for this card is ₹30,000 + GST. However, until January 31st, 2024, Burgundy customers could have availed it as lifetime free.
This exclusive and premium card is most suited for high-income individuals with a taste for luxury and opulence. This card offers discounts on dining, unlimited free airport lounge access, and benefits on stays, making it perfect for those seeking the best.
Latest Update on Magnus for Burgundy Credit Card
Both Magnus and Magnus for Burgundy Credit Card have undergone signification changes after a mass card devaluation (May 2024) by Axis Bank. Features like BOGO offers on movie ticket bookings, airport meet & greet and concierge services have now been discontinued.
Magnus for Burgundy Credit Cardholders would now need to spend ₹50,000 in the previous three months to be eligible for free airport lounge access. This move on top of the removal of other benefits is quite discouraging as after paying an annual fee of ₹30,000 you would need to spend ₹50,000 each quarter to access airport lounges.
Compare Magnus and Magnus for Burgundy Credit Cards
The Magnus for Burgundy Credit Card offers a more beneficial partner mile ratio and a larger conversion capping than the Axis Bank Magnus Credit Card. If you are just upgrading from Magnus to Magnus for Burgundy, you can transfer your earned points into the new conversion ratio.
| Features | Magnus | Magnus for Burgundy |
| Miles Conversion Ratio | 2 Partner Miles Against 5 EDGE Reward Points | 4 Partner Miles Against 5 EDGE Reward Points |
| Annual Miles Conversion Capping | Upto 5 Lakh EDGE Reward Points Transfer in a Year | Upto 10 Lakh EDGE Reward
Points Transfer in a Year |
| Annual Capping for Group A (Per Customer ID) | 1,00,000 | 2,00,000 |
| Annual Capping for Group B (Per Customer ID) | 4,00,000 | 8,00,000 |
List of Transfer Partners
Here are all the partners where you can transfer your earned EDGE Reward Points with the Magnus for Burgundy Credit Card.
| Group A | Group B |
| Accor Hotels (Accor Live Limitless) | Air France-KLM (Flying Blue) |
| Air Canada (Aeroplan) | Air India (Flying Returns) |
| Ethiopian Airlines | Air Asia |
| Etihad (Etihad Guest) | ITC |
| Japan Airlines (JAL Mileage Bank) | IHG® Hotels & Resorts (IHG One Rewards) |
| Marriott International ( Marriott Bonvoy) | Qantas Airways (Qantas Frequent Flyer) |
| Qatar Airways | SpiceJet |
| Singapore Airlines (Krisflyer) | Vistara (TATA SIA Airlines Ltd) |
| Turkish Airlines | |
| Thai Airways (Royal Orchid Plus) | |
| United Airlines (MileagePlus) | |
| Wyndham Hotels(Wyndham Rewards) |
How Can I Apply for the Magnus for Burgundy Credit Card?
The Magnus for Burgundy Credit Card, as the name suggests, is especially available only for Burgundy customers. If you fulfill the ‘Burgundy Relationship Eligibility Criteria,’ you can call 1800 419 0065 and ask for an upgrade.
Eligibility for Axis Bank Magnus Credit Card for Burgundy
A few conditions must be met to upgrade or apply for the New Axis Bank Magnus Credit Card for Burgundy. Here are the eligibility criteria for the Magnus Card-
- One must be a Burgundy account holder,
- Maintain an average quarterly balance of ₹10 lakh across savings and current accounts. OR,
- All Burgundy account holders must complete the ‘Total Relationship Value’* metric. This would include maintenance of ₹30 lakh balance in your savings and current accounts. OR,
- You can also maintain ₹1 crore across your savings account, current account, and demat holdings to fulfill ‘Total Relationship Value.’ OR,
- In the case of salaried employees, you must be receiving at least ₹3 lakh monthly in your Axis Bank Salary Account.
- To be eligible for this card, NRI must have received ₹40 lakh through wire transfer as a foreign inward remittance.
Please note that in order to qualify for the New Magnus Credit Card, you must meet the Total Relationship Value requirements at your individual customer ID level. This means that only your individual customer ID will be considered, not your family ID.
For ‘Total Relationship Value’ (TRV) at individual Customer ID level-
- Savings Accounts & Current Accounts include Term Deposits, Recurring Deposits, and/or Investment Relationships.
- Investment Relationships include Mutual Funds, Life Insurance, Private Equity Funds, Structured Products, Discretionary Portfolio Management Services, Non-Discretionary Portfolio Management Services, RBI Bonds, PPF, NPS, and other Alternate Assets
You can view all the details regarding eligibility here.
Bottom Line
The Magnus for Burgundy Credit Card offers double partner miles for the same number of EDGE Reward Points as the Magnus Credit Card. This, combined with the higher capping limit, would allow you to convert more EDGE Reward Points than before. Except for these additional benefits, you would receive all the benefits of the Magnus Card. Whether it is accelerated reward points or domestic/international lounge access, this Axis Bank Credit Card provides it all.
Many might have opted for this credit card while it was offered as lifetime free, while some might have missed the opportunity to do so. Those who haven’t opted for the Magnus for Burgundy would now have to pay a joining charge of ₹30,000 plus applicable taxes.
