Axis Bank is one of the largest credit card issuers in the country with a wide range of cards available in its portfolio. From premium to entry-level category, one can get any type of credit card from Axis Bank. One of the most popular credit cards offered by Axis Bank is the Magnus Credit Card, which belongs to the premium category. Even after having a quite high annual fee, it has become a choice for thousands of people who believe in having a luxurious lifestyle. But, Axis Bank is now providing its customers with an amazing opportunity to get the Magnus Credit Card as a lifetime free card. Other than this, the bank has come up with a similar offer for the co-branded IOCL Axis Bank Credit Card, which is now lifetime free for all customers holding their salary accounts in the Axis bank. Keep reading for further information:
Eligibility Criteria To Avail Of The Offer
The Axis Bank Magnus and IOCL Credit Cards are not lifetime free for everyone, but there are certain eligibility requirements that you need to fulfill in order to avail of this offer. The detail information regarding the same is given below:
For Axis Bank Magnus Credit Card
The Axis Bank Magnus Credit Card comes with an annual fee of Rs. 10,000 and there are a number of exclusive benefits associated with this card. With an amazing reward rate of up to 12 Edge Reward Points on every spend of Rs. 200, you can earn up to 25,000 bonus RPs every month on achieving the spend milestone of Rs 1 lac. Other than this, the card offers complimentary domestic as well as international lounge access, which makes it a great option for frequent flyers. Other benefits of the Magnus Card include exciting discounts on dining and movie tickets, fuel surcharge waiver, and complimentary Meet & Greet at some airports in India.
Condition For Lifetime Free Magnus Credit Card:
To make the Magnus Card lifetime free for yourself, you need to have a salary account in the Axis Bank. If you fulfill the eligibility requirements, you can either get the first-year fee waived or you can get the Magnus Card lifetime free. The eligibility requirements are as follows:
– For First year Fee Waiver: The applicant’s monthly salary credit should be at least Rs. 3 lakhs.
– For Lifetime Free: The applicant’s monthly salary credit should be Rs. 5 lakhs or more.
For Axis Bank IOCL Credit Card
Axis Bank’s Indian Oil Credit Card is a co-branded fuel credit card issued by Axis Bank in partnership with IOCL. It comes with an annual fee of Rs. 500, but if you have your salary account in Axis Bank, you can get this card for free now. All the benefits of the card remain unchanged and you even get additional cashback within the first 31 to 60 days. The card offers a reward rate of up to 20 Edge Rewards on every spend of Rs. 100 on fuel and up to 5 Edge Rewards on other categories. So, it is not at all a bad deal to get this card as lifetime free.
However, the offer is only applicable to IOCL Credit Cards issued on the Rupay network. Along with the waiver of joining/annual fees, cardholders get the following benefits as well:
– Get Rs. 500 cashback on the first two fuel transactions (cashback of up to Rs. 250 on each transaction) made via the IOCL Axis Bank Credit Card within the first 31 to 60 days from the date of card issuance.
– The cardholders also get an Amazon gift voucher worth Rs. 500 on activating their card within the first 30 days after the issuance date.
This is an amazing opportunity for Axis Bank customers and if you are eligible for any of the above offers, you should not miss out on it. The Magnus Credit Card comes under the super-premium category, and if you are getting a chance to make it lifetime free for yourself, there is no reason why you should not go for it. Similarly, the IOCL Credit Card might not be that premium, but it comes with some decent benefits and you can save a lot on your fuel purchases using it. Therefore, it is advisable to check your eligibility for these offers and go for them if you fulfill the requirements. In case of any additional doubts, feel free to ask us in the comment section below!