Axis Bank Magnus Credit Card
Axis Bank Magnus Credit Card
Joining Fees
Renewal Fees
Best Suited For
Reward Type
Welcome Benefit
₹ 12,500 + GST
₹ 12,500 + GST
Movies | Travel | Dining | Shopping
Reward Points
Choose a gift voucher worth Rs. 12,500 from any one of Luxe, Yatra, or Postcard Hotels
Rewards and Benefits
Welcome Benefits
Choose a gift voucher worth Rs. 12,500 from any one of Luxe, Yatra, or Postcard Hotels
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.
Zero Liability Protection
Credit shield cover worth Rs. 5 lakh, liability protection up to the card’s credit limit.
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.
Travel
Complimentary international as well as domestic airport lounge access, airport concierge services and discounted stays at Oberoi Hotels.
Fuel
NA
Domestic Lounge Access
Unlimited Free 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.
Fees & Charges
Joining Fees
₹ 12,500 + GST
Annual Fees
₹ 12,500 + GST
Spend Based Waiver
Annual fee waived off on an expenditure of Rs. 25 lakhs in the preceding year.
Rewards Redemption Fee
NA
Foreign Currency Markup
2% of the transaction plus 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 Charges
NA
Add-on Card Fee
NA
Product Details
- Rs. 12,500 worth gift voucher from Luxe, Postcard Hotels, or Yatra as welcome benefit
- 12 Axis EDGE REWARDS Points for every Rs. 200 spent on retail purchases up to Rs. 1.5 Lakhs. Earn 35 RPs per Rs. 200 after exceeding the monthly spend of Rs. 1.5 Lakhs
- Earn 60 Axis EDGE REWARDS Points for every Rs. 200 spent on Travel Edge portal Rs. 2 Lakhs. Earn 35 RPs per Rs. 200 after exceeding the monthly spend of Rs. 2 Lakhs
- 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.
Pros or Cons
Pros
- There are no cash withdrawal charges with this card.
- Unlimited international and domestic lounge access with the Magnus Credit Card.
- You can avail “BOGO” on movies and get discounts on dining with this card.
Cons
- The annual income required to be eligible for the Axis Bank Magnus Credit Card is very high, at Rs. 24 lakh.
- There are no golf benefits with this card.
- To qualify for the New Magnus Card for Burgundy, you must maintain the Total Relationship Value associated with the account.
Cashback
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Charges
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Advantage
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Drawbacks
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How to Apply
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Eligibility Criteria
- Age of 18 and 70 years.
- Resident of India or a Non-Resident Indian
Document Required
- Color photograph
- Identity Proof (Aadhaar Card / Driving License / Passport)
- PAN Card
- Residence Proof (Ration Card / Electricity Bill / Telephone Bill / Passport)
- Proof of income (latest Pay Slip / Form 16 / IT return Copy)
Card Limit
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Application Status
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Card Login
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Card Pin Generation
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Card Review
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FAQ
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