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    Axis Magnus Credit Card: Comprehensive Review & Benefits

    Axis Magnus Credit Card

    Intro Offer

    Annual Fees

    ₹12.5K + GST

    Joining Fees

    ₹12.5K + GST

    Reward Rate

    6% 30%

    Rating

    3.9

    Recent Card News

    More News
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    Dec 19
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    Nov 06
    HDFC Infinia & Axis Magnus Covered 1/3rd of Swiss-Italy Trip Cost!
    Oct 28

    Intro Offers

    Luxe Voucher

    ₹12.5K
    Valid on Luxe
    On completing 1 transactions in 30 days
    Limited to one voucher out of all the welcome vouchers

    Postcard Hotels Voucher

    ₹12.5K
    Valid on Postcard Hotels
    On completing 1 transactions in 30 days
    Limited to one voucher out of all the welcome vouchers

    Yatra Voucher

    ₹12.5K
    Valid on Yatra
    On completing 1 transactions in 30 days
    Limited to one voucher out of all the welcome vouchers

    Fees

    Annual Fee

    ₹12.5K
    GST extra
    Waived off after ₹25L spends
    Starts from second year

    Joining Fee

    ₹12.5K
    GST extra
    One time payment

    Forex Fee

    2%
    GST extra

    Eligibility

    Age

    18 - 70

    Citizenship

    -

    Financial Criterias

    High spending behavior is a prerequisite

    Employment

    Salaried
    Self-Employed

    Income

    Salaried ₹24L
    Business ₹24L

    Reward Points

    A list of reward point earning categories.
    CategoryTypeQualifying SpendRateRP CappingSpend CappingConditions
    offlinebaseRegular Offline and Online Spends up to Rs. 1.5 Lakh
    6.00%
    		Max. ₹1.5L / month
    offlineacceleratedRegular Offline and Online Spends above Rs. 1.5 Lakh
    17.50%
    		Min. ₹1.5L / month
    travelacceleratedTravel Spends via Travel Edge Portal up to Rs. 2 Lakh
    30.00%
    		Max. ₹2L / month
    travelacceleratedTravel Spends via Travel Edge Portal above Rs. 2 Lakh
    17.50%
    		Min. ₹2L / month
    rentbaseRental Transactions
    6.00%
    		Max. ₹50K / month
    shoppingacceleratedAxis Bank Grab Deals
    30.00%
    		Max. 5K / month

    Milestones

    Annual Fee Waiver

    Exclusive Benefit
    On spending ₹25L in 1 year

    Redemptions

    AIRLINE PARTNERS

    List of conversion options of airline partners.
    Airline PartnerRedemption RateMultiplier
    Air Canada5 Edge Rewards = 2 Aeroplan pointsx0.40
    Ethiopian Airlines5 Edge Rewards = 2 Ethiopian Airlines pointsx0.40
    Etihad5 Edge Rewards = 2 Etihad Guest pointsx0.40
    Japan Airlines5 Edge Rewards = 2 JAL Mileage Bank pointsx0.40
    Qatar Airways5 Edge Rewards = 2 Qatar Airways pointsx0.40
    Singapore Airlines5 Edge Rewards = 2 Krisflyer pointsx0.40
    Turkish Airlines5 Edge Rewards = 2 Turkish Airlines pointsx0.40
    Thai Airways5 Edge Rewards = 2 Royal Orchid Plus pointsx0.40
    United Airlines5 Edge Rewards = 2 MileagePlus pointsx0.40
    Air France-KLM5 Edge Rewards = 2 Flying Blue pointsx0.40
    Air India5 Edge Rewards = 2 Flying Returns pointsx0.40
    Air Asia5 Edge Rewards = 2 Air Asia pointsx0.40
    Qantas Airways5 Edge Rewards = 2 Qantas Frequent Flyer pointsx0.40
    SpiceJet5 Edge Rewards = 2 SpiceJet pointsx0.40
    Vistara5 Edge Rewards = 2 TATA SIA Airlines Ltd pointsx0.40

    HOTEL PARTNERS

    List of conversion options of airline partners.
    Airline PartnerRedemption RateMultiplier
    Accor Hotels5 Edge Rewards = 2 Accor Live Limitless pointsx0.40
    Marriott International5 Edge Rewards = 2 Marriott Bonvoy pointsx0.40
    Wyndham Hotels5 Edge Rewards = 2 Wyndham Rewards pointsx0.40
    ITC5 Edge Rewards = 2 Club ITC pointsx0.40
    IHG® Hotels & Resort5 Edge Rewards = 2 IHG One Rewards pointsx0.40

    GIFT VOUCHERS

    List of conversion options of gift voucher merchants.
    Partner BrandRedemption RateMultiplier
    Myntra10000 Edge Rewards = ₹2000 voucherx0.20
    Myntra5000 Edge Rewards = ₹1000 voucherx0.20
    Myntra25000 Edge Rewards = ₹5000 voucherx0.20
    Amazon10000 Edge Rewards = ₹2000 voucherx0.20
    Amazon25000 Edge Rewards = ₹5000 voucherx0.20
    Amazon50000 Edge Rewards = ₹10000 voucherx0.20

    Rewards Calculator

    ON MONTHLY SPEND
    Reset
    coin
    ₹35KYour monthly expenditure

    6% rewards

    Amount spent on all retail categories excluding travel, rent, fuel, insurance, gold, utilities, and government institutions up to Rs. 1.5 Lakh (₹)
    20000

    17.50% rewards

    Amount spent on all retail categories excluding travel, rent, fuel, insurance, gold, utilities, and government institutions above Rs. 1.5 Lakh (₹)
    0

    30% rewards

    Amount spent on travel via Axis Travel EDGE Portal up to Rs. 2 Lakh (₹)
    10000

    17.50% rewards

    Amount spent on travel via Axis Travel EDGE Portal above Rs. 2 Lakh (₹)
    0

    6% rewards

    Amount spent on rental transactions (₹)
    5000
    REWARD POINTS EARNED
    coin
    0Points per year
    POINT REDEMPTION
    icon
    0Airline miles

    OR

    icon
    0Hotel points

    OR

    icon
    0Worth of gift vouchers

    Lounge Access

    Domestic

    visits / YEAR
    Guest visits allowed: Unlimited
    Minimum spend of ₹50K required in last 1 quarter

    International

    visits / YEAR
    Guest visits allowed: 4

    Discounts

    Dining Discount

    30%
    Max. ₹1K discount per transaction
    Min. bill ₹3K for availing discount
    Limited to 1 use per month
    Applicable on Eazydiner

    Fuel Discount

    1%
    Surcharge waiver
    Max. ₹400 discount every 1 month
    Spend min. ₹400 to avail discount

    Insurance Coverage

    Air Accident Death Cover

    Credit Liability Cover

    ₹5
    Sum insured same as credit limit

    Credit Shield Cover

    ₹5

    Delayed Baggage Cover

    $500

    Fraud Protection Cover

    Loss of Travel Documents Cover

    $500

    Lost Baggage Cover

    $500

    Overseas Emergency Hospitalization Cover

    Overseas Medical Expenses Cover

    Purchase Protection Cover

    ₹2

    Other Features

    Concierge Services

    Travel Arrangement Services
    Dining Reservation Services
    Event Booking Services
    Emergency Assistance Services
    Gift Delivery Services
    Event Planning Services
    Health and Wellness Services

    Pros & Cons

    PROS

    • High Reward Rate

      Earn 12 EDGE reward points per Rs. 200 spent, and 35 EDGE reward points per Rs. 200 spent above Rs. 1.5 lakh monthly.

    • Travel Benefits

      Unlimited international lounge access with Priority Pass and 4 complimentary guest visits per year. Also, unlimited domestic lounge access.

    • Reward Redemption

      Transfer EDGE Reward Points to multiple airlines and hotel loyalty programs at a 5:2 ratio (5:4 for Burgundy customers).

    • Dining Discounts

      Enjoy up to 40% discount at over 4,000 partner restaurants in India with the Dining Delights Program. Also, 50% off up to Rs.3000 as a birthday benefit.

    • Welcome Benefit

      Receive a Luxe gift card, The Postcard Hotels voucher, or a Yatra voucher worth Rs. 12,500 on making the first transaction within 30 days.

    CONS

    • High Annual Fee

      The card has a high annual fee of Rs. 12,500, waived off only on spending Rs. 25 lakhs in the preceding year.

    • Exclusions from Rewards

      Several categories like utilities, fuel, gold, jewellery, and insurance are excluded from earning EDGE reward points.

    • Reduced Transfer Ratio

      The transfer ratio for reward points to partner miles has been reduced from 5:4 to 5:2 for non-Burgundy customers.

    • Limited Redemption Options

      Redemption of travel partners is limited to Group A and Group B with a maximum transfer limit of 1 Lakh and 4 Lakh points respectively.

    • Spend-Based Lounge Access

      Complimentary domestic lounge access is now subject to spending Rs. 50,000 in the previous quarter.

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