All About Axis Bank Magnus Credit Card for Burgundy 2025

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.

This exclusive and premium card is best suited for high-income individuals with a taste for luxury and opulence. It 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

June 2025

Axis Bank has revised the rewards earning structure for the Magnus for Burgundy Credit Card, effective 20th June, 2025. Under the new system, cardholders will now earn 12 EDGE REWARD Points per ₹200 spent on all transactions up to ₹1.5 lakh per calendar month. Once the spending crosses ₹1.5 lakh, they shall earn a higher rate of 35 EDGE REWARD Points per ₹200 – but only on spends up to their credit limit + ₹1.5 lakh. After crossing that threshold, the rewards rate drops back to 12 points per ₹200.

This is a huge drawback for those who use this card for expensive purchases.

May 2024

Both the Magnus and the Magnus for Burgundy Credit Card have undergone significant 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.

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.

How Can I Apply for the Magnus for Burgundy Credit Card?

The Magnus for Burgundy Credit Card, as the name suggests, is 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 a ₹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, an NRI must have received ₹40 lakh through a 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 the 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.