By Rajat Gaur
Updated On May 26, 2023

The Magnus Credit Card is one of the most rewarding and sought-after cards in Axis Bank’s portfolio. This super-premium card issued by the bank targets high-income individuals who want to enjoy the privilege of a luxurious lifestyle. It has a joining fee of Rs. 10,000 but offers many premium travel, lifestyle, dining, and insurance benefits.

Cardholders get domestic and international lounge access at airports along with 24*7 concierge service. Premium customers can also make international transactions at a fairly low 2% Forex Markup fee.

Also, there are no cash withdrawal charges on the card (Interest charges applicable). Although the annual fee of the card is quite high, you can get it waived off by spending 15 lakhs or above in the previous anniversary year and save Rs. 10,000. Keep reading our review of the super-premium Magnus credit card to know about its feature and benefits.

Axis_Bank_Magnus_Credit_Card
(4.6/5)

Fee

Joining Fee

Rs. 10,000 + GST

Renewal Fee

Rs. 10,000 plus taxes

Best Suited For

Movies | Travel | Dining | Shopping |

Reward Type

Reward Points

Welcome Benefits

Choose any one of these- Tata Cliq voucher or a free domestic flight ticket worth Rs. 10,000.

Movie & Dining

Buy one and get up to Rs. 500 off on the next movie/non-movie ticket on BookMyShow (max 5 times a month), 20% discount at 4,000+ restaurants across India under the Axis Bank Dining Delights program.

Rewards Rate

12 Axis EDGE REWARDS Points for every Rs. 200 spent with the card, 5X EDGE REWARDS on travel spends via TRAVEL EDGE.

Reward Redemption

Axis EDGE REWARDS Points can be redeemed on the EDGE REWARDS portal at a value of 1 Edge Reward = Re. 0.20 or Transfer to Partner Airlines/Hotels Rewards Program.

Travel

Complimentary international as well as domestic airport lounge access, airport concierge service and discounts on stays at Oberoi Hotels.

Golf

N/A

Domestic Lounge Access

Unlimited domestic airport lounge access

International Lounge Access

Unlimited complimentary international airport lounge access for primary cardholders and 8 complimentary visits for the guests every year with Priority Pass

Insurance Benefits

Credit shield protection worth Rs. 5 lakh (in case the card is lost) and a purchase protection worth Rs. 2 lakh.

Zero Liability Protection

Credit shield cover worth Rs. 5 lakh, liability protection up to the card’s credit limit.

Spend based Waiver

Annual fee waived off on an expenditure of Rs. 15 lakhs in the preceding year.

Rewards Redemption Fee

Nil

Rewards Redemption Fee

Nil

Foreign Currency Markup

2% + GST

Interest Rates

3.0% per month (42.58% annually)

Fuel Surcharge

1% fuel surcharge waived off at all fuel stations across India

Cash Advance Charge

Nil

Add-on Card Fee

Nil

  • 1 complimentary domestic flight ticket or a Tata CLiQ voucher worth Rs. 10,000 as a welcome/annual gift.
  • 12 Axis EDGE REWARDS Points for every Rs. 200 spent on retail purchases.
  • 5X EDGE REWARDS on travel spends via TRAVEL EDGE
  • 25,000 bonus Edge Points every month on achieving the spend milestone.
  • Unlimited domestic airport lounge access every year.
  • Unlimited complimentary international lounge visits every year with Priority Pass.
  • Discounted stays at Oberoi Hotels.
  • Buy one and get up to Rs. 500 off on the next BookMyShow ticket (max 5 times a month).
  • 40% discount upto Rs 1,000 via Eazydiner at 4,000+ restaurants across India under the Axis Bank Dining Delights program.
  • Credit Shield cover (against misuse of the card) worth Rs. 5 lakh and purchase protection worth Rs. 2 lakh with Axis Bank Magnus Card.
  • Medical benefits include a medical concierge, second medical opinion, preventive healthcare diagnostic programs, and global travel and medical assistance.
  • Lower interest rate (2.5% pm) and foreign currency mark-up (2%) and zero cash withdrawal fee.
  • 24×7 dedicated concierge service for assistance regarding flight or hotel reservations, gift deliveries, etc.
By Rajat Gaur
Updated On May 26, 2023

The Magnus Credit Card is one of the most rewarding and sought-after cards in Axis Bank’s portfolio. This super-premium card issued by the bank targets high-income individuals who want to enjoy the privilege of a luxurious lifestyle. It has a joining fee of Rs. 10,000 but offers many premium travel, lifestyle, dining, and insurance benefits.

Cardholders get domestic and international lounge access at airports along with 24*7 concierge service. Premium customers can also make international transactions at a fairly low 2% Forex Markup fee.

Also, there are no cash withdrawal charges on the card (Interest charges applicable). Although the annual fee of the card is quite high, you can get it waived off by spending 15 lakhs or above in the previous anniversary year and save Rs. 10,000. Keep reading our review of the super-premium Magnus credit card to know about its feature and benefits.

Axis Bank Magnus Credit Card Features and Benefits

The Magnus Credit Card offered by the Axis Bank is one of its most popular and premium credit card that comes with exciting benefits across various categories, including travel, rewards, and many more:

Welcome Benefits:

Domestic Flight Ticket or Tata Cliq Voucher

  • You get a complimentary domestic flight ticket (with the maximum discount capped at Rs. 10,000) or a Tata CLiQ voucher worth Rs. 10,000 with this credit card.
  • The benefits will be sent to you via SMS on your registered mobile number on the second statement generation date of your credit card.
  • The benefits will only be valid for 6 months from the date when you receive them.
  • If you buy a product worth more than Rs. 10,000 using your Tata Cliq gift voucher, the remaining amount should be paid by you.
  • You get these benefits every year when the card membership is renewed. It should be noted that you can not get both of these benefits, you have to pick one of the two (Benefit is available to primary cardholder only)
  • You can contact the Axis Bank Concierge on 1800 103 4962 to avail of the benefit.

Milestone Benefits

  • You get 25,000 bonus Edge Reward Points on spending Rs. 1 lakh or more in a calendar month.
  • All the spends, except wallet reloads and insurance, are considered for the calculation of milestone spend.

For New customers, the monthly milestone benefit will be applicable from the 1st month itself.

Travel Benefits:

Lounge Access

  • Domestic Lounge Access – Unlimited lounge access at select domestic airports across India. Primary as well as supplementary cardholders can avail the free domestic lounge access using the Magnus Credit Card.
  • International Lounge Access – Unlimited complimentary international airport lounge access with Priority Pass membership for the primary cardholders. Along with free visits for primary cardholders, you also get additional 8 complimentary visits for the guests per year.

Oberoi Hotel Stay Offer

Discounted Stay at Oberoi Hotels –Up to 15% discount on stays at Oberoi hotels & a complimentary room upgrade.

Airport Concierge and VIP Meet & Greet 

Airport Concierge Service – Airport meet & greet, concierge service with 8 complimentary VIP assistance services for assistance regarding airport processes including check-in, security check, immigration processes, and porter services.

You get the complimentary Atithya Silver service that costs Rs. 2000 per adult for both departure and arrival at select airports. Get a warm welcome at the aerobridge gate, porter assistance, golf cart gate transfers, and other privileges. The airport Meet & Greet service can also be used for the guests travelling with you.

Movie & Dining Benefits:

  • BookMyShow Benefit – Buy one movie/non-movie ticket from BookMyShow and get Rs. 500 off on the next ticket. This discount can be availed for a maximum of 5 times a month.
  • Dining Delights Program – 20% discount at 4,000+ restaurants across India under the Axis Bank Dining Delights program. Inform the restaurant staff about this offer before they generate the bill. Make the payment with your Axis Bank credit card and you will get the discount.

Insurance Benefits:

Category Insurance Coverage
Credit shield Rs. 5 lakhs
Credit liability Up to the card limit
Lost/delayed baggage US $500
Lost/delayed baggage US $500

24×7 Dedicated Concierge Service:

You may call the 24×7 dedicated concierge service at 1800 103 4962 for assistance regarding flight bookings, restaurant table reservations, exclusive events/shows, gift deliveries, and more.

Low Forex Markup Fee & Interest Rate

As it is a premium credit card, you get special benefits on the applicable fees and charges-

  • A lower interest rate of 2.5% per month (or 34.49% annually).
  • Lower than usual foreign currency markup fee of 2% of the transacted amount.

Fuel Surcharge Waiver

1% fuel surcharge waived off for transactions between Rs. 400 and Rs. 4,000 at all fuel stations across India. The maximum waiver is capped at Rs. 400 per month.

Spends Based Waiver:

The annual membership fee of the card is waived off on an expenditure of Rs. 15 lakhs in the preceding anniversary year. This threshold does not include wallet reload and rent transactions.

Axis Bank Magnus Credit Card Reward Points

  • You get 12 Axis EDGE REWARDS Points for every Rs. 200 spent with the card.
  • You get 5x Edge Reward Points on travel-related spends via Travel Edge.
  • Edge Rewards for rental transactions accrue only up to transactions of Rs. 50,000 per month
  • You can get up to 45x Reward Points on purchases from various brands at the Axis Bank Grab Deals website. Maximum 10,000 EDGE Reward Points to be earned per customer per month. You can also purchase Amazon/Flipkart vouchers from EDGE REWARDS for a maximum of Rs. 10,000 per month.
  • You can also get 25,000 bonus EDGE Reward Points on spending more than Rs. 1 Lakh in a calendar month
  • You can get up to 10x Reward Points along with great discounts on Gyftr. There is no capping on the maximum number of reward points you can earn through the Gyftr portal. Cardholders can purchase only Rs. 10,000 worth of Amazon gift cards per month from the Gyftr portal.

Reward Redemption:

You can redeem the Axis EDGE REWARDS Points for instant vouchers, gifts, gadgets, fashion accessories, etc. on the Axis EDGE REWARDS redemption portal. 1 Edge Reward = Re. 0.20.

You can also Transfer EDGE REWARDS Points earned to Partner Airlines/Hotels Rewards Program including Club ITC, Marriott Bonvoy, Etihad Guest, KrisFlyer, United, Turkish Miles&Smiles, and much more at a ratio of 5:4.

Axis Bank Magnus vs HDFC Infinia vs HDFC Diners Club Black

When it comes to super-premium credit cards, the Axis Bank Magnus card faces competition from the HDFC Infinia and Diners Club Black credit card. All three cards have a similar joining fee and offer various welcome benefits, milestone, movie and dining benefits, travel benefits, and much more.
However, there are quite a few differences between the three cards, and we will highlight those in the below table.

  Axis Bank Magnus HDFC Infinia HDFC Diners Club Black
Rewards Rate
  • 12 EDGE Reward Points per every Rs. 200 spend

  • 5x EDGE Reward Points on the TravelEdge portal
  • 5 Reward Points per every Rs. 150 spent

  • Accelerated Reward Points on bus/flight/ hotel bookings, railway ticket booking, and on Flipkart purchases via SmartBuy.
  • 5 Reward Points per every Rs. 150 spent

  • 10X Reward Points via SmartBuy and around 2x on weekend dining
Rewards Redemption
  • EDGE Reward points can be redeemed against shopping vouchers and products

  • 1 Edge Reward Point = Rs 0.20

  • EDGE Reward Points can be transferred to partner hotels and airlines like Etihad, ITC, Marriott, Turkish Airlines, and more at 5:4

  • 1 Reward Point = 1 Rs. to redeem against hotel/flight bookings through SmartBuy.

  • 1 Reward Point = 1 Rs. to redeem against Tanishq or Apple through SmartBuy

  • 1 Reward Point = Rs. 0.5 to redeem against product purchases from the HDFC catalog

  • 1 Reward Point = Rs. 0.3 against cashback
  •     
  • 1 Reward Point = 1 AirMile

  • 1 Reward Point = 1 Rs. to redeem against hotel/flight bookings

  • 1 Reward Point = Rs. 0.5 to redeem against product purchases from the HDFC catalog

  • 1 Reward Point = Rs. 0.3 against cashback

  • 1 Reward Point = 1 AirMile

Welcome and Renewal Benefits Free domestic flight ticket worth Rs. 10000 or a complimentary Tata Cliq voucher worth Rs. 10000 on paying the membership or renewal fee.  12,500 Reward Points on payment of the membership or renewal fee. Complimentary annual membership of Forbes, Club Marriott, Swiggy One, Amazon Prime, MMT Black, Times Prime
Milestone Benefits
  • A Bonus of 25000 EDGE Reward Points on reaching a spending milestone of Rs. 1 Lakh in a month
_
  • Cult.fit live 1 month membership or Tata Cliq, BookMyShow, or Ola cabs Rs. 500 vouchers on a monthly spend of Rs. 80,000

  • Annual complimentary memberships renewed on spending a minimum of Rs. 8 Lakhs in the previous year.
Additional Benefits
  • Complimentary 8 international and unlimited domestic lounge access

  • Airport concierge service with 8 VIP assistance for airport services like check-in, immigration, porter services, etc.

  • BOGO reward on booking movie tickets from BookMyShow

  • Travel and medical concierge services

  • Insurance coverage including credit shield cover, 500 USD cover for loss or delay of luggage
  • 2% foreign transaction markup fee

  • 1% fuel surcharge waiver on transactions between Rs. 400 to Rs. 4000
  • Unlimited domestic and international lounge access for both primary and add-on cardholders
  • Complimentary Club Marriott membership

  • 1+1 on buffet at partner ITC hotels

  • Unlimited golf games at courses in India and select international courses

  • 24x7 Global personal concierge

  • Great dining benefits with Good Food Trail program with 1+1 at select restaurants and flat 25% off on 2000+ restaurants

  • Accidental air death insurance up to Rs. 3 Crore, overseas emergency hospitalization up to Rs. 50 Lakhs, credit shield up to Rs. 9 Lakhs

  • 2% foreign markup fee

  • 1% fuel surcharge waiver for transactions of Rs. 400 to Rs. 1,00,000

  •  
  • Unlimited domestic and international airport lounge access

  • Book hotel/flight tickets for 150+ airlines both domestic and international

  • Discounts at leading salons, gyms, spas, etc.

  • 2x on Weekend Dining

  • 6 complimentary golf games per quarter

  • 1% fuel surcharge waiver on a minimum transaction of Rs. 400

  • Air accident cover for Rs. 2 Crore, overseas emergency hospitalization cover for Rs. 50 Lakhs, Rs. 55,000 cover on baggage delay or loss

  • Foreign currency markup of 2%

Joining Fee
  • Rs. 10000 per year plus taxes

  • The renewal fee can be waived off on spending a minimum of Rs. 15 Lakhs in the previous year

  • Rs. 12500 plus taxes

  • The renewal fee can be waived off on spending a minimum of Rs. 10 Lakhs in the previous year.
  • Rs. 10,000 plus taxes

  •  The renewal fee can be waived on spending a minimum of Rs. 5 Lakhs in the previous year.
Eligibility Minimum income of Rs. 18 Lakhs per year By Invite Only Minimum income of Rs. 1.25 Lakhs per month for salaried employees and minimum income of Rs. 21 Lakhs per year for self-employed people

Axis Bank Magnus Credit Card Fees and Charges

There are several fees and charges associated with a credit card, of which some of the most important ones are as follows:

  • The joining and annual fee of the Axis Bank Magnus Credit Card is Rs. 10,000. The renewal fee of Rs. 10,000 is waived off on spending Rs. 15 lakhs or more in the previous year.
  • The interest rate on this credit card is 3.0% per month (42.58% annually).
  • The foreign currency markup fee on this credit card is 2% of the total transaction amount.
  • The cash advance fee on the Magnus credit card is zero, i.e, you don’t need to pay any cash withdrawal charges with this card (interest charges are applicable).

Axis Bank Magnus Credit Card Eligibility Criteria

Every credit card has some specific eligibility criteria that need to be fulfilled by the applicants in order to get approved for that particular card. The eligibility requirements for the Magnus Credit Card are as follows:

  • Your age must be between 21 years and 70 years for primary cardholders, and above 18 years for add-on cardholders.
  • Your annual income must be at least Rs. 18 lakh (for both salaried and self-employed applicants).

Documents Required

The documents required to apply for the Axis Bank Magnus Card are as follows:

  • Identity Proof: Aadhar Card, PAN Card, Voters’ Id, Passport, Driving License, etc
  • Address Proof: Aadhar Card, Latest Utility bills, Passport, Driving License, etc.
  • Proof of Income: Latest months’ salary slips/bank statements or latest audited ITR.

How to Apply for Axis Magnus Credit Card?

You can apply for Axis bank Magnus credit cards online as well as offline at your convenience. To apply offline,  You’ll you will have to visit your nearest Axis Bank branch with all the required documents in order for your application to be processed. To apply online, you can proceed as follows:

  • Click on the Apply Now button at the top of the page.
  • Under the option ‘Explore Products,’ click on ‘Cards.’
  • Select ‘Credit Cards’ and click on ‘Explore more.’
  • Choose the ‘Magnus Credit Card’ and click on ‘Apply Now’ under that.
  • Proceed further by filling in all the required details carefully.

Customer Care

For any queries/assistance regarding the credit card, you may dial Axis bank’s retail phone banking numbers- 1860 419 5555 or 1860 500 5555. To block your card, you may contact the 24×7 helpline at +91 22 67987700.

Conclusion

Even though the annual joining fee for the Axis Bank Magnus credit card is high, it is a great option for high net-worth individuals who prefer a premium lifestyle. It offers great benefits for both domestic and international travel, exclusive dining, low interest rate, and a fairly low foreign currency Mark Up fee.

The card is very much similar to HDFC’s Infinia and ICICI’s Emerald cards. One feature that differentiates this card from the other two is the extra medical benefits that it offers. Before you make up your mind, it’s better to read about the benefits that its competitors- HDFC Infinia and ICICI Emeralde offer.

What do you think of this super-premium credit card by Axis bank? And how does it stack up against the competition from HDFC and ICICI? Do let us know in the comments below. If you’re an existing customer, feel free to share your experience for the benefit of others.

FAQs:

The Axis EDGE REWARDS Points are valid for three years from the date of accural.

No, you can not redeem your Axis EDGE REWARDS Points for paying your credit card bills.

No. You have to make a choice between the complimentary domestic flight ticket and a Tata CLiQ voucher worth Rs. 10,000.

Yes, this card does support contactless payment.

You get unlimited complimentary domestic lounge access and unlimited complimentary international lounge access every year with this credit card.

Axis_Bank_Magnus_Credit_Card

Axis Bank Magnus Credit Card

(4.6/5)

27 Comments

  1. wrong info about international lounge access
    unlimited for card holders and 8 guest pass per year.

  2. Are you aware of any limitations on maximum of 6000 edge reward points per transaction on this card? That means transaction limit of ₹1,00,000.
    I have this card and made a transaction of more than 1L, but received only 6K points. Axis customer service being as useless as ever where front-end support opens a SR saying you should get for entire value but back-end support closes it saying 6000 is the limit without citing any T&C.

  3. HEY, just applied and got approved for the card, waiting for the delivery, I was wondering if this is a metal card? if yes, then is the quality of metal comparable to HDFC Infinia metal card?

      • Some users are saying it’s quality is not similar to infinia, is that right?

        • We have both Infinia Metal and Magnus Metal. The Magnus metal is lighter than Infinia Metal, but overall both cards are solid.

          • received the card few days back. just wanna clarify one thing; do I need to show priority pass to access the domestic lounges or just my Magnus card?

        • Dont use priority pass for domestic, if u use priority pass they will charge 27$ plus taxes in India, priority pass is only for international, i mean outside country.

  4. Hi,

    I have a couple of questions?
    Would you prefer it on Visa or Mastercard? What’s the difference?
    Is there any chance to get it LTF?
    Can I transfer my balance from other credit card to Axis Credit Cards? If yes then what are the charges?

    Thank you so much

  5. What is the maximum rewards point on can earn on Axis Grab Deal, Axis Travel Edge and Axis GIft Edge portal?

    • Hey Bhargav! We would like to inform you that you can earn up to 10X EDGE REWARD Points on Brand voucher purchased on http://www.gyftr.com/edgerewards/ with Axis Bank Credit and Debit Cards.
      Buy Gift Vouchers of 160+ Brands and Get Exclusive Offers & Discounts. Not only this, each customer would also get Up to 10X EDGE REWARD Points on all Credit & Debit Cards (*T&C apply). The EDGE REWARD Points (Accelerated Points) will be posted within 120 days from the date of transaction.
      For more details we request you to please click on https://www.gyftr.com/edgerewards/terms-and-conditions
      Team GyFTR

  6. Domestic lounges have become too crowded these days. They queue for entry is also never ending. Can the Priority Pass be used to access “The Exclusive Lounges” like the one in Hyderabad which is just opposite the regular domestic lounge. Is International Travel boarding pass mandatory to use this lounge or can the same be availed with domestic boarding pass as well. Thanks

  7. Ankit Mittal Reply

    i dont see ITC club while converting the points. Is it still available?

  8. If I link my HDFC infinia credit card to Google-pay, and pay for govt transactions, will I get reward points? or will I atleast bypass the additional credit card gateway fees?

  9. I am doing a calculation.
    I buy Reliance Digital Gift Cards for ₹249900 as I want to buy a MacBook Pro.
    I will also get the 5X RP mean of 75000 RP
    So basically I will get 75000RP*0.8*1.8=108000 worth in ACCOR.
    This means my MacBook Pro will cost me Rs.250000-108000=Rs.142000/-

    Am I right on the calculation?

  10. Mohammed Inzamam Reply

    I have salary of 10lacs per annum…. And I hav citi bank credit card (2lac limit) and axis bank ace(1lac limit)
    Can I apply for magnus credit card

  11. Hi,
    I’ve a couple of questions.
    1. What’s the difference between Magnus VISA & Magnus Master card on usage / restrictions and please suggest the best.
    2. Regarding International Airport Lounge Program, whether the guest of the card holder (like wife travelling along with the card holder) can also avail the offer.? If so, what’s the limitation ?

  12. I was travelling internationally in last 3 weeks. Whichever airport lounges I asked, none of them accept this card (Canada, Germany, France, Dubai). can anyone share which airports and which lounges accept this cad?

  13. are jewellery purchase counted in magnus 1 lac spends per month cretiria and if yes also can i buy kalyan jeweller gift card from gift edge at 5x and take benefit??

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