HDFC Bank 
SBI Card 
IDFC Bank 
Axis Bank 
RBL 
ICICI Bank 
CITI Bank 
HSBC 
YES Bank 
AMEX 
IndusInd Bank 
Standard Chartered
Federal Bank
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 Rs. 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 a 24/7 concierge service and discounts on dining, health, and wellness benefits, making it perfect for those seeking the best.
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 Rs. 10 lakh across savings and current accounts. OR,
- All Burgundy account holders must complete the ‘Total Relationship Value’* metric. This would include maintenance of Rs. 30 lakh balance in your savings and current accounts. OR,
- You can also maintain Rs. 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 Rs. 3 lakh monthly in your Axis Bank Salary Account.
- To be eligible for this card, NRI must have received Rs. 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.
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 |
| Miles Conversion Capping | Upto 5 Lakh EDGE Reward Points Transfer in a Year | Upto 10 Lakh EDGE Reward
Points Transfer in a Year |
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, domestic or international lounge access, or BOGO offers on movies, 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 Rs. 30,000 plus applicable taxes.
